Fund Evaluator:
Grant Park Dynamic Allocation A (GPKAX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Grant Park Dynamic Allocation A Overview
Grant Park Dynamic Allocation A (GPKAX) is an actively managed Allocation Global Moderate Allocation fund. Grant Park launched the fund in 2024.
The investment seeks to provide positive absolute returns. The fund seeks to achieve its investment objective by pursuing diversified investment opportunities across multiple foreign and domestic markets. The fund manager executes active risk management and position hedging strategies to seek positive returns while seeking to protect the fund against excessive exposure from unnecessary market risks.
About Grant Park Dynamic Allocation A (GPKAX)
There are 6 members of the management team with an average tenure of 1.59 years: John Krautsack (2024), Brian Proctor (2024), David Kavanagh (2024), Andrew Holpe (2024), John Ellison (2024), Brian Meehan (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg 1-3 Yr US Treasury TR USD index with a weighting of 100%. Grant Park Dynamic Allocation A has 42 securities in its portfolio. The top 10 holdings constitute 93.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Grant Park Dynamic Allocation A is part of the Allocation global asset class and is within the Allocation fund group. Grant Park Dynamic Allocation A has 17.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.7%. There is 17.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Grant Park Dynamic Allocation A has 73.6% of the portfolio in cash.
Assets Under Management
The fund has $207 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GPKAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Grant Park Dynamic Allocation A expense ratio is high compared to funds in the Global Moderate Allocation category. Grant Park Dynamic Allocation A has an expense ratio of 1.93%, which is 85% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Grant Park Dynamic Allocation A has a portfolio turnover rate of 134%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Grant Park Dynamic Allocation A returned 0.2%, which earned it a grade of B, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Grant Park Dynamic Allocation A has a trailing yield of 3.91%, which is above the 2.61% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Grant Park Dynamic Allocation A Grades
Year to date, the fund has returned 7.0%, 1.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.3% over the past year (grade of A).
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GPKAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GPKAX Return (NAV) | 0.2% | -0.6% | 20.3% | na | na | na |
| GPKAX Grade | B | F | A | na | na | na |
| +/- Category | -0.1% | -2.7% | 4.3% | na | na | na |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| GPKAX Tax Cost Ratio | na | na | 2.9% | na | na | na |
GPKAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GPKAX Return (NAV) | 7.0% | 18.7% | na | na | na | na | na | na | na | na | na |
| GPKAX Grade | D | A | na | na | na | na | na | na | na | na | na |
| +/- Category | -1.2% | 2.5% | na | na | na | na | na | na | na | na | na |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $69 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 134% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Krautsack John (2024), Proctor Brian (2024), Kavanagh David (2024), Holpe Andrew (2024), Ellison John (2024), Meehan Brian (2024) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 42 |
| % in Top 10 Holdings: | 93.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 17.9% |
Portfolio Allocation |
|
| Domestic Stock: | 6.7% |
| Foreign Stock: | 17.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.8% |
| Cash: | 73.6% |
Purchase Information
| Fund Family: | Grant Park |
| Phone Number: | 855-501-4758 |
| Website: | www.PreservationTrust.com |
| Status: | Open |
| Inception Date: | December 27, 2024 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.93% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Grant Park Dynamic Allocation I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
