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For the special 1 p.m. performance the fund bought out the entire Minskoff Theater, which has about 1,600 seats, and sold discounted tickets.
Despite last year's performance, the fund was the worst in its category in 1998, when the Russian stock market collapsed after the government defaulted on its debts.
In terms of performance, the fund backdates to early 2015 when GDAX was launched.
Apart from its subpar performance, the fund hits you with a whopping 6.42% expense ratio, which ranks sixth highest among the 9,091 funds monitored by Morningstar.
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If enough investors focus on cost, not performance, the fund-management industry will have to give them a better deal.
Even while the investing public suffers from exposure to funds with volatile performance, the mutual fund industry benefits.
A lot comes down to the performance of the fund you are in.
Such commission costs are included in the performance of the fund but are not broken out separately in fund reports.
The performance of the fund in the first quarter was broadly based; about two-thirds of its 130 stocks posted gains.
To climb out of that hole and start charging lucrative performance fees, the fund will need to post least 100 percent.
Anyone saving into a personal or workplace pension scheme, where payouts are based on the performance of the fund, rather than the person's final salary.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com