Grant Park Multi Alternative Strategies Fund (GPAIX)
The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives by allocating its assets among four independent, underlying strategies. Each strategy seeks to identify profitable opportunities across multiple, liquid foreign and domestic markets. The fund seeks to achieve its investment objective by implementing aggressive diversification across these markets, coupled with risk management and position hedging strategies, which allows the fund to seek positive returns while seeking to protect it from unnecessary market risk exposure.
Fund Info
ISIN | US66538B7432 |
---|---|
CUSIP | 66538B743 |
Issuer | Grant Park |
Inception Date | Dec 30, 2013 |
Category | Macro Trading |
Min. Investment | $100,000 |
Asset Class | Multi-Asset |
Expense Ratio
GPAIX has a high expense ratio of 1.43%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Grant Park Multi Alternative Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Grant Park Multi Alternative Strategies Fund had a return of 3.02% year-to-date (YTD) and 6.55% in the last 12 months. Over the past 10 years, Grant Park Multi Alternative Strategies Fund had an annualized return of 4.91%, while the S&P 500 had an annualized return of 10.84%, indicating that Grant Park Multi Alternative Strategies Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.02% | 10.00% |
1 month | 0.28% | 2.41% |
6 months | 7.89% | 16.70% |
1 year | 6.55% | 26.85% |
5 years (annualized) | 5.52% | 12.81% |
10 years (annualized) | 4.91% | 10.84% |
Monthly Returns
The table below presents the monthly returns of GPAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -1.51% | 1.44% | 2.55% | 0.00% | 3.02% | ||||||||
2023 | 2.02% | -2.55% | -0.39% | 1.46% | -0.77% | 2.03% | 0.09% | -1.23% | -1.15% | -0.78% | 1.07% | 4.32% | 4.02% |
2022 | -0.28% | 1.29% | 2.64% | -0.09% | -0.62% | -1.07% | 1.18% | -2.50% | -0.92% | 0.28% | -0.46% | -1.24% | -1.88% |
2021 | -0.09% | 2.99% | -0.94% | 2.33% | 1.01% | -1.50% | -0.17% | 0.00% | 0.25% | 4.06% | -2.19% | 0.23% | 5.95% |
2020 | 0.00% | 0.94% | 0.65% | 1.02% | 0.64% | 0.09% | 1.46% | 0.54% | -1.96% | -1.00% | 2.67% | 3.81% | 9.09% |
2019 | 1.23% | -0.19% | 4.13% | 1.44% | 0.53% | 3.36% | 1.28% | 3.71% | -2.60% | -0.92% | 0.09% | 1.61% | 14.33% |
2018 | 7.20% | -6.14% | -1.40% | -0.35% | -1.78% | -0.81% | 0.27% | 0.64% | -0.81% | -4.37% | 1.52% | 0.48% | -5.96% |
2017 | 0.97% | 2.98% | -1.40% | 1.14% | 1.78% | -2.57% | 2.64% | 2.48% | -3.77% | 4.19% | 1.79% | 1.80% | 12.36% |
2016 | 2.58% | 3.63% | -0.09% | -1.17% | -1.09% | 4.05% | 2.30% | -2.59% | 0.18% | -3.90% | -3.87% | 0.74% | 0.36% |
2015 | 4.58% | -0.79% | 0.27% | 0.00% | 0.44% | -3.42% | 0.18% | -2.81% | 1.12% | 1.29% | -0.18% | -3.06% | -2.61% |
2014 | -1.40% | 2.43% | -1.29% | 0.50% | 0.90% | 1.19% | 0.59% | 2.72% | 0.38% | 0.66% | 3.09% | 2.40% | 12.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GPAIX is 41, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
GPAIX (Grant Park Multi Alternative Strategies Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Grant Park Multi Alternative Strategies Fund granted a 1.92% dividend yield in the last twelve months. The annual payout for that period amounted to $0.21 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.21 | $0.21 | $0.28 | $1.21 | $0.20 | $1.41 | $0.16 | $0.19 | $0.20 | $0.16 | $0.35 |
Dividend yield | 1.92% | 1.98% | 2.71% | 11.14% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Grant Park Multi Alternative Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.41 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
2014 | $0.35 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Grant Park Multi Alternative Strategies Fund. 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 Grant Park Multi Alternative Strategies Fund was 17.16%, occurring on Oct 29, 2018. Recovery took 210 trading sessions.
The current Grant Park Multi Alternative Strategies Fund drawdown is 0.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-17.16% | Jan 29, 2018 | 191 | Oct 29, 2018 | 210 | Aug 30, 2019 | 401 |
-10.43% | Jul 11, 2016 | 102 | Dec 1, 2016 | 234 | Nov 6, 2017 | 336 |
-9.69% | Apr 14, 2015 | 188 | Jan 8, 2016 | 125 | Jul 8, 2016 | 313 |
-9.13% | Mar 9, 2022 | 265 | Mar 28, 2023 | — | — | — |
-4.69% | Sep 4, 2019 | 34 | Oct 21, 2019 | 83 | Feb 20, 2020 | 117 |
Volatility
Volatility Chart
The current Grant Park Multi Alternative Strategies Fund volatility is 1.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.