- ISIN
- US66538B7432
- CUSIP
- 66538B743
- Issuer
- Grant Park
- Inception Date
- Dec 30, 2013
- Category
- Macro Trading
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
GPAIX Performance Chart
Grant Park Multi Alternative Strategies Fund (GPAIX) is up 5.0% since the beginning of the year. GPAIX is currently trading at $12 per share. Investors who bought $1,000 worth of GPAIX shares 5 years ago would now be looking at an investment worth $1,251.
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Returns By Period
Grant Park Multi Alternative Strategies Fund (GPAIX) has returned 5.00% so far this year and 15.01% over the past 12 months. Over the last ten years, GPAIX has returned 4.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Grant Park Multi Alternative Strategies Fund
- 1D
- 0.42%
- 1M
- -0.25%
- YTD
- 5.00%
- 6M
- 4.72%
- 1Y
- 15.01%
- 3Y*
- 6.91%
- 5Y*
- 4.58%
- 10Y*
- 4.86%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GPAIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, GPAIX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2018 with a return of +7.2%, while the worst month was Feb 2018 at -6.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GPAIX closed higher 49% of trading days. The best single day was Feb 14, 2018 with a return of +2.1%, while the worst single day was Feb 5, 2018 at -3.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.82% | 3.01% | -5.04% | 2.31% | 0.08% | -0.00% | 5.00% | ||||||
| 2025 | 1.62% | -0.19% | -0.19% | 0.56% | -0.28% | 2.34% | 0.27% | 1.74% | 3.59% | 1.13% | 0.09% | 1.00% | 12.24% |
| 2024 | -1.51% | 1.44% | 2.55% | 0.00% | -0.28% | -1.02% | 0.00% | 0.37% | 2.98% | -4.25% | 1.04% | 0.19% | 1.33% |
| 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% | -0.01% | 5.70% |
Benchmark Metrics
Grant Park Multi Alternative Strategies Fund has an annualized alpha of 3.38%, beta of 0.15, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (24.88%) than losses (19.63%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.38%
- Beta
- 0.15
- R²
- 0.14
- Upside Capture
- 24.88%
- Downside Capture
- 19.63%
Expense Ratio
GPAIX has a high expense ratio of 1.43%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GPAIX ranks 42 for risk / return — on par with similar mutual funds. 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grant Park Multi Alternative Strategies Fund (GPAIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GPAIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.78 | -0.35 |
| Martin ratioReturn relative to average drawdown | 6.54 | 12.44 | -5.90 |
Dividends
Dividend History
Grant Park Multi Alternative Strategies Fund provided a 3.28% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.21 | $0.21 | $0.28 | $1.18 | $0.20 | $1.41 | $0.16 | $0.19 | $0.20 | $0.16 |
Dividend yield | 3.28% | 3.44% | 2.01% | 1.98% | 2.71% | 10.90% | 1.78% | 13.29% | 1.51% | 1.68% | 1.92% | 1.49% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2024 | $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 |
| 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 | $1.18 | $1.18 |
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 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 2.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Rate-hike selloffLate 2018 | -17.16%Oct 2018 | 9mo 3d | 10mo 5d | 1y 7moJan 2018 - Aug 2019 |
2016 correction2016 | -10.43%Nov 2016 | 4mo 6d | 11mo 27d | 1y 3moJul 2016 - Nov 2017 |
2016 pullback2016 | -9.69%Jan 2016 | 8mo 29d | 6mo 2d | 1y 2moApr 2015 - Jul 2016 |
2023 pullback2023 | -9.13%Mar 2023 | 1y 19d | 1y 1mo | 2y 2moMar 2022 - May 2024 |
2025 selloff2025 | -6.59%Apr 2025 | 6mo 10d | 3mo 4d | 9mo 14dSep 2024 - Jul 2025 |
Drawdown Indicators
| GPAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.16% | -56.78% | +39.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.01% | -9.10% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -18.90% | +12.31% |
Max Drawdown (5Y)Largest decline over 5 years | -9.13% | -25.43% | +16.30% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | -33.92% | +16.76% |
Current DrawdownCurrent decline from peak | -2.76% | -1.80% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -10.71% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.03% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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