Name
As of 03/29/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-9.0%
1 yr return
-0.4%
3 Yr Avg Return
3.8%
5 Yr Avg Return
2.6%
Net Assets
$23.2 M
Holdings in Top 10
19.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.53%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.73%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/29/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GMTEX - Profile
Distributions
- YTD Total Return -9.0%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 2.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.58%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGuideMark® Tax-Exempt Fixed Income Fund
-
Fund Family NameGuideMark
-
Inception DateJun 29, 2001
-
Shares Outstanding2032347
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerStephen Czepiel
Fund Description
GMTEX - Performance
Return Ranking - Trailing
Period | GMTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -9.0% | -9.0% | 4.1% | 100.00% |
1 Yr | -0.4% | -5.6% | 5.8% | 84.42% |
3 Yr | 3.8%* | 0.3% | 9.5% | 57.08% |
5 Yr | 2.6%* | -0.5% | 7.5% | 57.68% |
10 Yr | 3.6%* | -0.1% | 10.0% | 58.89% |
* Annualized
Return Ranking - Calendar
Period | GMTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -2.8% | 310.0% | 88.01% |
2022 | 4.2% | -0.3% | 15.4% | 32.87% |
2021 | -3.0% | -10.3% | 97.2% | 84.01% |
2020 | 1.6% | -100.0% | 7.6% | 47.73% |
2019 | -3.0% | -7.9% | 96.8% | 62.94% |
Total Return Ranking - Trailing
Period | GMTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -9.0% | -9.0% | 4.1% | 100.00% |
1 Yr | -0.4% | -5.9% | 5.8% | 55.73% |
3 Yr | 3.8%* | -1.7% | 9.5% | 44.87% |
5 Yr | 2.6%* | -1.6% | 7.5% | 47.24% |
10 Yr | 3.6%* | -0.2% | 10.0% | 54.23% |
* Annualized
Total Return Ranking - Calendar
Period | GMTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -2.8% | 310.0% | 88.01% |
2022 | 4.2% | -0.3% | 15.4% | 33.95% |
2021 | -0.1% | -10.3% | 11.0% | 11.20% |
2020 | 4.6% | -100.0% | 7.6% | 3.07% |
2019 | -0.4% | -7.9% | 3.0% | 4.80% |
NAV & Total Return History
GMTEX - Holdings
Concentration Analysis
GMTEX | Category Low | Category High | GMTEX % Rank | |
---|---|---|---|---|
Net Assets | 23.2 M | 632 K | 82.7 B | 97.50% |
Number of Holdings | 142 | 3 | 11152 | 72.67% |
Net Assets in Top 10 | 4.64 M | -192 M | 4.1 B | 95.28% |
Weighting of Top 10 | 19.87% | 2.4% | 100.0% | 38.91% |
Top 10 Holdings
- NEW YORK ST ENVIRONMENTAL FACS CORP ST CLEAN WTR & DRINKING WTR REV 5.5% 2.83%
- WISCONSIN ST 5% 2.23%
- UTAH ASSD MUN PWR SYS REV 5.5% 2.18%
- VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 5.75% 1.97%
- NEW JERSEY ST TRANSN TR FD AUTH 4% 1.97%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75% 1.94%
- CHARLESTON EDL EXCELLENCE FING CORP S C REV 5% 1.94%
- M-S-R ENERGY AUTH CALIF GAS REV 6.5% 1.79%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.1% 1.57%
- CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES TAX & MOTOR VEHICLE EXCISE TA 1.52%
Asset Allocation
Weighting | Return Low | Return High | GMTEX % Rank | |
---|---|---|---|---|
Bonds | 100.05% | 73.02% | 147.73% | 9.20% |
Stocks | 0.00% | 0.00% | 2.34% | 57.69% |
Preferred Stocks | 0.00% | -0.94% | 0.00% | 55.51% |
Other | 0.00% | -13.58% | 13.72% | 57.27% |
Convertible Bonds | 0.00% | -0.42% | 1.33% | 55.80% |
Cash | -0.05% | -47.72% | 26.99% | 91.48% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GMTEX % Rank | |
---|---|---|---|---|
Municipal | 99.62% | 46.52% | 100.00% | 32.10% |
Corporate | 0.38% | 0.00% | 15.75% | 3.69% |
Derivative | 0.00% | 0.00% | 0.85% | 55.68% |
Cash & Equivalents | 0.00% | 0.00% | 26.99% | 92.50% |
Securitized | 0.00% | 0.00% | 6.51% | 56.65% |
Government | 0.00% | 0.00% | 50.01% | 59.83% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GMTEX % Rank | |
---|---|---|---|---|
US | 95.17% | 72.29% | 141.36% | 63.35% |
Non US | 4.88% | 0.00% | 25.16% | 14.49% |
GMTEX - Expenses
Operational Fees
GMTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.53% | 0.01% | 16.95% | 18.24% |
Management Fee | 0.50% | 0.00% | 1.10% | 79.97% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.37% |
Administrative Fee | 0.23% | 0.01% | 0.47% | 91.98% |
Sales Fees
GMTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
GMTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GMTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.73% | 0.00% | 299.40% | 76.86% |
GMTEX - Distributions
Dividend Yield Analysis
GMTEX | Category Low | Category High | GMTEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 1.82% | 6.50% |
Dividend Distribution Analysis
GMTEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
GMTEX | Category Low | Category High | GMTEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.58% | -1.65% | 5.71% | 37.59% |
Capital Gain Distribution Analysis
GMTEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2020 | $0.000 | |
Jun 18, 2020 | $0.000 | |
Mar 19, 2020 | $0.000 | |
Sep 26, 2019 | $0.001 | |
Jun 20, 2019 | $0.071 | |
Mar 28, 2019 | $0.102 | |
Sep 20, 2018 | $0.083 | |
Jun 21, 2018 | $0.083 | |
Mar 22, 2018 | $0.067 | |
Dec 26, 2017 | $0.094 | |
Sep 21, 2017 | $0.088 | |
Jun 15, 2017 | $0.072 | |
Mar 23, 2017 | $0.080 | |
Dec 28, 2016 | $0.083 | |
Sep 22, 2016 | $0.076 | |
Jun 23, 2016 | $0.077 | |
Mar 24, 2016 | $0.075 | |
Dec 28, 2015 | $0.091 | |
Sep 17, 2015 | $0.081 | |
Jun 18, 2015 | $0.078 | |
Mar 19, 2015 | $0.073 | |
Dec 29, 2014 | $0.089 | |
Sep 18, 2014 | $0.075 | |
Jun 19, 2014 | $0.080 | |
Mar 20, 2014 | $0.076 | |
Dec 27, 2013 | $0.091 | |
Sep 19, 2013 | $0.087 | |
Jun 20, 2013 | $0.085 | |
Mar 21, 2013 | $0.073 | |
Dec 27, 2012 | $0.089 | |
Sep 20, 2012 | $0.083 | |
Jun 21, 2012 | $0.086 | |
Mar 22, 2012 | $0.081 | |
Dec 28, 2011 | $0.098 | |
Sep 22, 2011 | $0.100 | |
Jun 23, 2011 | $0.093 | |
Mar 24, 2011 | $0.084 | |
Dec 22, 2010 | $0.101 | |
Sep 23, 2010 | $0.091 | |
Jun 24, 2010 | $0.096 | |
Mar 25, 2010 | $0.074 | |
Dec 22, 2009 | $0.117 | |
Sep 24, 2009 | $0.085 | |
Jun 25, 2009 | $0.080 | |
Mar 26, 2009 | $0.074 | |
Dec 23, 2008 | $0.095 | |
Sep 26, 2008 | $0.085 | |
Jun 24, 2008 | $0.085 | |
Mar 25, 2008 | $0.072 | |
Dec 27, 2007 | $0.089 | |
Sep 25, 2007 | $0.084 | |
Jun 20, 2007 | $0.066 | |
Mar 28, 2007 | $0.067 | |
Dec 28, 2006 | $0.073 | |
Sep 28, 2006 | $0.070 | |
Jun 27, 2006 | $0.059 | |
Mar 31, 2006 | $0.061 | |
Dec 29, 2005 | $0.056 | |
Sep 28, 2005 | $0.053 | |
Jun 28, 2005 | $0.050 | |
Mar 30, 2005 | $0.050 | |
Dec 30, 2004 | $0.048 | |
Sep 28, 2004 | $0.051 | |
Jun 28, 2004 | $0.045 | |
Mar 26, 2004 | $0.043 | |
Sep 24, 2003 | $0.039 | |
Jun 26, 2003 | $0.058 | |
Mar 28, 2003 | $0.056 | |
Sep 25, 2002 | $0.047 | |
Jun 26, 2002 | $0.057 | |
Mar 27, 2002 | $0.050 | |
Dec 21, 2001 | $0.046 |
GMTEX - Fund Manager Analysis
Managers
Stephen Czepiel
Start Date
Tenure
Tenure Rank
Dec 31, 2006
14.17
14.2%
Stephen J. Czepiel Senior Vice President, Head of Municipal Bonds Portfolio Management, Senior Portfolio Manager Stephen J. Czepiel leads the portfolio management of the firm’s municipal bonds strategies, a role he assumed in February 2019. He is a co-portfolio manager of the firm’s municipal bond funds and client accounts, a role he has held since August 2007. He joined Macquarie Investment Management (MIM) in July 2004 as a senior bond trader. Previously, he was vice president at both Mesirow Financial and Loop Capital Markets. He began his career in the securities industry in 1982 as a municipal bond trader at Kidder Peabody and now has more than 20 years of experience in the municipal securities industry. Czepiel earned his bachelor’s degree in finance and economics from Duquesne University.
Gregory Gizzi
Start Date
Tenure
Tenure Rank
Dec 28, 2012
8.18
8.2%
Gregory A. Gizzi Senior Vice President, Head of Municipal Bonds, Senior Portfolio Manager Gregory A. Gizzi is head of municipal bonds in the Americas, a role he assumed in February 2019. In this role, he is responsible for the overall operation of the strategy and is team lead on several of the tax-exempt strategies. Additionally, Gizzi continues to be responsible for the taxable municipal business and the marketing efforts for the municipal product. Previously, Gizzi was co-portfolio manager of the firm’s municipal bond funds and several client accounts, a role he held since November 2011. Before joining Macquarie Investment Management (MIM) in January 2008 as head of municipal bond trading, he spent six years as a vice president at Lehman Brothers for the firm’s tax-exempt institutional sales effort. Prior to that, he spent two years trading corporate bonds for UBS before joining Lehman Brothers in a sales capacity. Gizzi has more than 20 years of trading experience in the municipal securities industry, beginning at Kidder Peabody in 1984, where he started as a municipal bond trader and worked his way up to institutional block trading desk manager. He later worked in the same capacity at Dillon Read. Gizzi earned his bachelor’s degree in economics from Harvard University.
Jake van Roden
Start Date
Tenure
Tenure Rank
Mar 26, 2019
1.93
1.9%
Delaware Management Company Senior Vice President, Head of Municipal Trading, Portfolio Manager Jake van Roden is head of Macquarie’s municipal trading team. He is also a portfolio manager for the firm’s nine open-end state-specific municipal bond funds, as well as for several municipal bond client accounts, a role he assumed in December 2017. In February 2019, his portfolio management role expanded to include the closed-end municipal bond funds and the three national municipal open-end funds.He joined the municipal department in July 2004 as a generalist and became head of municipal trading in December 2012. Before that, van Roden interned at Macquarie Investment Management (MIM), which includes the former Delaware Investments, in the client services department. He received a bachelor’s degree in American studies with a minor in government from Franklin & Marshall College.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.94 | 7.02 | 0.32 |