GCU 401k All Options

Asset Allocation

Position	Category/Sector	Target Weight
DFIEX DFA International Core Equity Portfolio I	Foreign Large Cap Equities, Large Cap Blend Equities	7.69%
DFLVX DFA U.S. Large Cap Value Portfolio	Large Cap Value Equities	7.69%
DFSTX DFA U.S. Small Cap Portfolio	Small Cap Blend Equities	7.69%
DODIX Dodge & Cox Income Fund	Total Bond Market	7.69%
FSGGX Fidelity Global ex U.S. Index Fund	Foreign Large Cap Equities	7.69%
FSMDX Fidelity Mid Cap Index Fund	Mid Cap Blend Equities	7.69%
FSPGX Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	7.69%
FSSNX Fidelity Small Cap Index Fund	Small Cap Blend Equities	7.69%
FXAIX Fidelity 500 Index Fund	S&P 500	7.69%
FXNAX Fidelity U.S. Bond Index Fund	Total Bond Market	7.69%
OIEJX JPMorgan Equity Income Fund R6	Large Cap Value Equities, Dividend	7.69%
PRRIX PIMCO Real Return Fund	Inflation-Protected Bonds	7.69%
VGSLX Vanguard Real Estate Index Fund Admiral Shares	REIT	7.69%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in GCU 401k All Options, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Jan 3, 2017, corresponding to the inception date of FSPGX

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio GCU 401k All Options	0.57%	-2.86%	0.76%	2.40%	15.25%	12.61%	6.83%	—
Portfolio components:
DODIX Dodge & Cox Income Fund	0.08%	-1.41%	0.12%	0.94%	5.09%	5.01%	1.40%	3.06%
FXNAX Fidelity U.S. Bond Index Fund	0.00%	-1.19%	0.05%	0.69%	4.12%	3.63%	0.16%	1.57%
PRRIX PIMCO Real Return Fund	0.10%	-1.24%	-0.14%	-0.07%	3.36%	3.59%	1.19%	2.75%
DFLVX DFA U.S. Large Cap Value Portfolio	0.24%	-2.22%	4.33%	9.20%	18.12%	14.96%	10.12%	11.17%
FXAIX Fidelity 500 Index Fund	0.72%	-3.44%	-3.65%	-1.50%	17.37%	18.58%	11.95%	14.16%
FSPGX Fidelity Large Cap Growth Index Fund	0.86%	-4.03%	-8.99%	-8.58%	17.77%	21.51%	12.58%	—
OIEJX JPMorgan Equity Income Fund R6	0.24%	-3.26%	1.88%	4.92%	13.40%	14.71%	10.55%	11.69%
DFSTX DFA U.S. Small Cap Portfolio	0.65%	-3.63%	3.30%	4.60%	18.83%	12.39%	6.58%	10.06%
FSMDX Fidelity Mid Cap Index Fund	0.67%	-3.51%	1.98%	1.71%	14.87%	13.64%	7.13%	10.88%
FSSNX Fidelity Small Cap Index Fund	0.64%	-3.53%	1.55%	2.87%	24.60%	13.43%	3.70%	9.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 4, 2017, GCU 401k All Options's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +10.7%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, GCU 401k All Options closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +6.7%, while the worst single day was Mar 16, 2020 at -9.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.83%	2.35%	-4.79%	0.57%									0.76%
2025	2.79%	-0.13%	-2.84%	-0.60%	3.60%	3.55%	0.74%	3.32%	1.95%	0.47%	1.14%	0.32%	15.05%
2024	-0.95%	2.94%	3.02%	-4.14%	3.69%	0.51%	4.14%	1.71%	1.68%	-1.96%	4.83%	-4.08%	11.43%
2023	6.64%	-2.65%	0.47%	0.49%	-2.00%	5.10%	3.04%	-2.57%	-4.11%	-3.26%	7.84%	6.33%	15.29%
2022	-4.62%	-1.39%	1.10%	-6.31%	0.47%	-7.20%	6.81%	-3.51%	-8.57%	6.25%	5.95%	-3.89%	-15.33%
2021	0.27%	3.17%	2.74%	3.63%	1.35%	0.89%	0.81%	1.71%	-3.17%	4.11%	-2.02%	3.91%	18.52%

Benchmark Metrics

GCU 401k All Options has an annualized alpha of 0.17%, beta of 0.70, and R² of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.

This portfolio participated in 83.60% of S&P 500 Index downside but only 73.70% of its upside — more exposed to losses than it benefited from rallies.

Alpha: 0.17%

Beta: 0.70

R²: 0.90

Upside Capture: 73.70%

Downside Capture: 83.60%

Expense Ratio

GCU 401k All Options has an expense ratio of 0.18%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

PRRIX

PIMCO Real Return Fund

OIEJX

JPMorgan Equity Income Fund R6

DODIX

Dodge & Cox Income Fund

DFSTX

DFA U.S. Small Cap Portfolio

DFIEX

DFA International Core Equity Portfolio I

DFLVX

DFA U.S. Large Cap Value Portfolio

VGSLX

Vanguard Real Estate Index Fund Admiral Shares

FSGGX

Fidelity Global ex U.S. Index Fund

FSPGX

Fidelity Large Cap Growth Index Fund

FXNAX

Fidelity U.S. Bond Index Fund

Return for Risk

Risk / Return Rank

GCU 401k All Options ranks 45 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.22	0.88	+0.34
Sortino ratio Return per unit of downside risk	1.76	1.37	+0.39
Omega ratio Gain probability vs. loss probability	1.26	1.21	+0.05
Calmar ratio Return relative to maximum drawdown	1.66	1.39	+0.27
Martin ratio Return relative to average drawdown	7.56	6.43	+1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
DODIX Dodge & Cox Income Fund	49	1.10	1.57	1.20	1.85	5.42
FXNAX Fidelity U.S. Bond Index Fund	37	0.93	1.34	1.16	1.59	4.47
PRRIX PIMCO Real Return Fund	22	0.69	0.96	1.13	1.13	3.79
DFLVX DFA U.S. Large Cap Value Portfolio	52	1.16	1.66	1.25	1.47	6.46
FXAIX Fidelity 500 Index Fund	50	1.00	1.52	1.23	1.53	7.30
FSPGX Fidelity Large Cap Growth Index Fund	33	0.84	1.36	1.19	1.22	4.16
OIEJX JPMorgan Equity Income Fund R6	37	0.93	1.34	1.21	1.23	5.22
DFSTX DFA U.S. Small Cap Portfolio	43	0.95	1.47	1.20	1.53	6.08
FSMDX Fidelity Mid Cap Index Fund	36	0.86	1.32	1.19	1.25	5.78
FSSNX Fidelity Small Cap Index Fund	57	1.15	1.70	1.22	1.92	7.14

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

GCU 401k All Options Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.22
5-Year: 0.53
All Time: 0.65

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.01 to 1.70, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of GCU 401k All Options compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

GCU 401k All Options provided a 2.93% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.93%	3.01%	3.36%	2.63%	3.10%	3.44%	2.26%	2.82%	3.75%	2.78%	2.41%	3.15%
Portfolio components:
DODIX Dodge & Cox Income Fund	4.27%	4.23%	4.24%	3.86%	2.19%	3.23%	4.66%	3.63%	3.43%	3.03%	3.25%	3.09%
FXNAX Fidelity U.S. Bond Index Fund	3.66%	3.58%	3.40%	3.15%	1.81%	1.74%	2.92%	2.68%	2.74%	2.57%	2.76%	2.52%
PRRIX PIMCO Real Return Fund	3.31%	3.92%	3.17%	2.83%	7.38%	5.12%	2.62%	1.91%	2.70%	2.57%	1.10%	0.99%
DFLVX DFA U.S. Large Cap Value Portfolio	1.62%	1.71%	1.87%	3.65%	4.56%	5.90%	1.97%	4.04%	7.83%	6.06%	3.77%	6.52%
FXAIX Fidelity 500 Index Fund	1.16%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
FSPGX Fidelity Large Cap Growth Index Fund	0.38%	0.34%	0.37%	0.73%	0.86%	2.22%	1.76%	1.04%	1.32%	0.22%	0.00%	0.00%
OIEJX JPMorgan Equity Income Fund R6	10.91%	11.06%	14.67%	3.01%	3.93%	3.57%	2.04%	3.01%	5.37%	2.70%	2.71%	3.03%
DFSTX DFA U.S. Small Cap Portfolio	1.05%	1.08%	1.05%	2.45%	5.18%	6.39%	1.08%	3.30%	5.16%	4.56%	3.10%	5.90%
FSMDX Fidelity Mid Cap Index Fund	1.08%	1.10%	2.46%	1.39%	2.07%	3.35%	2.34%	2.86%	2.21%	2.17%	2.23%	2.84%
FSSNX Fidelity Small Cap Index Fund	1.07%	1.08%	1.04%	1.43%	1.26%	3.92%	0.94%	2.96%	4.94%	3.37%	2.27%	2.66%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the GCU 401k All Options. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the GCU 401k All Options was 29.75%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current GCU 401k All Options drawdown is 5.09%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-29.75%	Feb 18, 2020	25	Mar 23, 2020	114	Sep 2, 2020	139
-22.17%	Nov 9, 2021	235	Oct 14, 2022	349	Mar 7, 2024	584
-15.19%	Aug 30, 2018	80	Dec 24, 2018	75	Apr 12, 2019	155
-12.98%	Dec 5, 2024	84	Apr 8, 2025	43	Jun 10, 2025	127
-7.68%	Jan 29, 2018	9	Feb 8, 2018	135	Aug 22, 2018	144

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 13 assets, with an effective number of assets of 13.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	FXNAX	PRRIX	DODIX	VGSLX	FSPGX	FSGGX	DFIEX	OIEJX	DFLVX	DFSTX	FSSNX	FXAIX	FSMDX	Portfolio
Benchmark	1.00	-0.02	0.04	0.11	0.59	0.94	0.76	0.76	0.84	0.82	0.80	0.81	1.00	0.90	0.92
FXNAX	-0.02	1.00	0.78	0.91	0.21	0.01	0.03	0.04	-0.06	-0.10	-0.06	-0.03	-0.02	0.00	0.07
PRRIX	0.04	0.78	1.00	0.74	0.22	0.05	0.11	0.12	0.02	-0.01	0.01	0.03	0.05	0.06	0.14
DODIX	0.11	0.91	0.74	1.00	0.28	0.12	0.18	0.18	0.06	0.03	0.07	0.10	0.11	0.13	0.20
VGSLX	0.59	0.21	0.22	0.28	1.00	0.48	0.50	0.52	0.65	0.58	0.59	0.61	0.59	0.68	0.71
FSPGX	0.94	0.01	0.05	0.12	0.48	1.00	0.69	0.67	0.65	0.63	0.67	0.71	0.94	0.79	0.81
FSGGX	0.76	0.03	0.11	0.18	0.50	0.69	1.00	0.95	0.69	0.71	0.69	0.71	0.76	0.75	0.83
DFIEX	0.76	0.04	0.12	0.18	0.52	0.67	0.95	1.00	0.73	0.76	0.73	0.72	0.76	0.77	0.85
OIEJX	0.84	-0.06	0.02	0.06	0.65	0.65	0.69	0.73	1.00	0.94	0.83	0.79	0.84	0.88	0.89
DFLVX	0.82	-0.10	-0.01	0.03	0.58	0.63	0.71	0.76	0.94	1.00	0.89	0.84	0.82	0.89	0.89
DFSTX	0.80	-0.06	0.01	0.07	0.59	0.67	0.69	0.73	0.83	0.89	1.00	0.97	0.80	0.92	0.92
FSSNX	0.81	-0.03	0.03	0.10	0.61	0.71	0.71	0.72	0.79	0.84	0.97	1.00	0.81	0.93	0.92
FXAIX	1.00	-0.02	0.05	0.11	0.59	0.94	0.76	0.76	0.84	0.82	0.80	0.81	1.00	0.90	0.92
FSMDX	0.90	0.00	0.06	0.13	0.68	0.79	0.75	0.77	0.88	0.89	0.92	0.93	0.90	1.00	0.97
Portfolio	0.92	0.07	0.14	0.20	0.71	0.81	0.83	0.85	0.89	0.89	0.92	0.92	0.92	0.97	1.00

The correlation results are calculated based on daily price changes starting from Jan 4, 2017

GCU 401k All Options

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table