485BPOS

As filed with the Securities and Exchange Commission on February 19, 2013

Securities Act File No. 333-61973

Investment Company Act File No. 811-08977

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM  N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	[X]
Pre-Effective Amendment No.	[  ]
Post-Effective Amendment No. 27	[X]
AND/OR
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	[X]
Amendment No.     29	[X]

Genworth Financial Asset Management Funds

(formerly GE Private Asset Management Funds)

(Exact Name of Registrant as Specified in Charter)

2300 Contra Costa Blvd., Suite 600

Pleasant Hill, CA 94523

(Address of Principal Executive Offices) (Zip Code)

(800) 664-5345

(Registrant’s Telephone Numbers, Including Area Code)

Carrie Hansen

Genworth Financial Asset Management Funds

2300 Contra Costa Blvd., Suite 600

Pleasant Hill, CA 94523

 (Name and Address of Agent for Service)

With copy to:

Mike O’Hare

Stradley Ronon Stevens & Young, LLP

2005 Market Street, Suite 2600

Philadelphia, PA  19103

It is proposed that this filing will become effective (check appropriate box):

[X]	immediately upon filing pursuant to paragraph (b).
[   ]	on (date) pursuant to paragraph (b).
[   ]	60 days after filing pursuant to paragraph (a)(1).
[   ]	on (date) pursuant to paragraph (a)(1).
[   ]	75 days after filing pursuant to paragraph (a)(2).
[   ]	on (date) pursuant to paragraph (a)(2) of rule 485.

If appropriate check the following box:

[   ] This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

This Post-Effective Amendment (“PEA”) No.27 to the Trust’s Registration Statement on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 26 on Form N-1A filed January 31, 2013.  This PEA No. 27 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 26 to the Trust’s Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Pleasant Hill, State of California on the 19th day of February, 2013.

GENWORTH FINANCIAL ASSET MANAGEMENT FUNDS

By: /s/ Carrie E. Hansen

Carrie E. Hansen

President

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated:

Signature	Title	Date
/s/ Carrie E. Hansen	President	February 19, 2013
Carrie E. Hansen
/s/ Starr E. Frohlich	Vice President & Treasurer	February 19, 2013
Starr E. Frohlich
* Gurinder S. Ahluwalia	Trustee	February 19, 2013
Gurinder S. Ahluwalia
* John A. Fibiger	Trustee	February 19, 2013
John A. Fibiger
* Dwight M. Jaffee	Trustee	February 19, 2013
Dwight M. Jaffee
* Douglas A. Paul	Trustee	February 19, 2013
Douglas A. Paul
* By: /s/ Simi K. Gill
Simi K. Gill, Secretary
Executed by Simi K. Gill on behalf of those indicated pursuant to Power of Attorney filed on January 31, 2011 and incorporated herein by reference.

INDEX TO EXHIBITS

Exhibit	Exhibit No.
Instance Document	EX-101.INS
Schema Document	EX-101.SCH
Calculation Linkbase Document	EX-101.CAL
Definition Linkbase Document	EX-101.DEF
Label Linkbase Document	EX-101.LAB
Presentation Linkbase Document	EX-101.PRE

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Prospectus Date	rr_ProspectusDate	Jan. 31, 2013

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Risk/Return [Heading]

rr_RiskReturnHeading

Genworth Financial Contra Fund

Objective [Heading]

rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block]

rr_ObjectivePrimaryTextBlock

Genworth Financial Contra Fund (the “Fund”) seeks to provide protection against declines in the value of the equity allocation of certain assets managed by Genworth Financial Wealth Management, Inc. (“GFWM”) for its private advisory clients.

Expense [Heading]

rr_ExpenseHeading

Fees And Expenses Of The Fund

Expense Narrative [Text Block]

rr_ExpenseNarrativeTextBlock

The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text]

rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

2014-01-31

Portfolio Turnover [Heading]

rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio Turnover [Text Block]

rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities or other instruments (or “turns over” its portfolio). A higher portfolio turnover rate will result in higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 0% of the average value of its portfolio.  For purposes of calculating the Fund’s portfolio turnover rate, all securities, including options, whose maturities or expiration dates at the time of acquisition were one year or less are excluded.  If such investments were included, the Fund’s portfolio turnover rate would be significantly higher.

Portfolio Turnover, Rate

rr_PortfolioTurnoverRate

0.00%

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees

Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the ratio of expenses to average net assets found within the "Financial Highlights" section of this prospectus, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.

Expense Example [Heading]

rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The exam­ple also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (before fee waivers and/or expense reimbursements, if any) remain the same.

Expense Example by, Year, Caption [Text]

rr_ExpenseExampleByYearCaption

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading]

rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block]

rr_StrategyNarrativeTextBlock

The Fund seeks to provide protection against declines in the value of the equity allocation of certain assets managed by GFWM for its private advisory clients. The Fund is used by GFWM within an asset allocation program to provide some measure of downside protection in the event that client assets sensitive to movements in the equity markets are exposed to the loss of significant value as a result of a severe and sustained decline in the broad-based equity market.  As the Fund’s investment advisor, GFWM ana­lyzes various mutual funds and securities owned by certain of its private advisory clients and performs a statistical analysis of the return characteristics of these securities at the individual security and/or portfolio level. This periodic analysis may include a statistical analysis of the performance pattern of the mutual funds and the directly held securities. Based on this analysis, as well as current market factors, GFWM periodically uses its judgment and discretion in creating a composite hedging benchmark, which it calls the Equity Hedging Benchmark (the “Hedging Benchmark”), in an attempt to identify a hedge for the equity market risk of certain assets owned by Fund shareholders. In order to reduce the cost of the hedge GFWM may, and sometimes will, include Hedging Benchmark positions which by themselves would have a long equity market bias. GFWM instructs Credit Suisse Asset Management, LLC (“CSAM”), the Fund’s sub-advisor, of the nature, timing and performance expectations related to and associated with the Hedging Benchmark.  CSAM then uses a quantitative and qualitative investment process to select investments designed to deliver Fund performance that tracks, within prescribed bounds, the performance of the Hedging Benchmark positions.  In pursuing the Fund’s objectives, CSAM, in its discretion, may increase or decrease the level of downside protection provided by the Fund, relative to the Hedging Benchmark, including potentially adjusting the long-bias positions identified in the Hedging Benchmark.  The value of your investment in the Fund generally will decrease when the broad-based equity market appreciates, is unchanged or experiences a modest decrease.  Conversely, when the value of the broad-based equity market experiences a severe and sustained decline, the value of your investment in the Fund generally will increase.

In order to achieve its investment goal, the Fund may use the following instruments:

·   options on securities and stock indexes;

·   cash, cash equivalents and short-term market instruments;

·   money market funds; and

·   exchange-traded funds (“ETFs”)

The Fund generally purchases broad-market index put options to seek favorable returns in anticipation of the risk that broad equity markets may decline in value.  To help offset the costs of purchasing those put options, the Fund may also write (sell) other index put options.

In addition, the Fund may also utilize various options strategies, such as those commonly referred to as straddles, spreads, strangles, butterflies and condors.  These strategies involve combinations of positions in both put and call options.  The success of each of these strategies depends on many factors, primary among them, the volatility of the underlying index.  The Fund’s decision regarding whether or not to utilize a specific options strategy will depend upon an evaluation of the relative pricing of available options, market conditions, and the efficient implementation of the Hedging Benchmark.

Risk [Heading]

rr_RiskHeading

Principal Investment Risks

Risk Narrative [Text Block]

rr_RiskNarrativeTextBlock

The risks associated with an investment in the Fund can increase during times of significant volatility in the broad-based equity market.  The principal risks of the Fund include:

·   The risk that you could lose all or a portion of your investment in the Fund.

·   GFWM may be unable to fully determine the prospective market exposure of its clients’ holdings, when constructing the Hedging Benchmark, and may therefore have imperfect knowledge of the magnitude of risk to be hedged.

·   To the extent that a particular investor’s portfolio differs from the aggregate client assets analyzed to construct the Hedging Benchmark, the realized risk of an investor’s portfolio may differ from GFWM’s estimate, and the Fund may not be successful in providing protection against declines in the investor’s portfolio.

·   The Fund’s use of options (“derivatives”) involves additional risks and transaction costs, such as (i) the risk of adverse changes in the value of these instruments, (ii) the risk of imperfect correlation between the price of derivatives and movements in the price of the underlying securities or index, (iii) the fact that the use of derivatives requires different skills than those needed to select portfolio securities, and (iv) the risk of the possible absence of a liquid secondary market for a particular derivative at any moment in time.

·   Certain investments (such as options) and certain practices may have the effect of magnifying declines as well as increases in the Fund’s net asset value (“NAV”).  Losses from written put options can be substantial.  Losses from written call options can be unlimited to the extent of the Fund’s assets.

·   The Fund can experience losses through the purchase of options, including the complete loss of the amount invested.  A purchased option can lose partial value if the underlying index fails to move in a direction favorable to that type of option after the time of purchase or it can lose all of its value if the option expires while the underlying index is outside of the option’s specified payout range.  In addition, while an index option can gain value as the result of a favorable move in the underlying index (an upward move for call options or a downward move for put options), the Fund may lose some or all of that accumulated value if the purchased options are not sold (and the gains not realized) prior to any possible adverse reverse in the direction of the underlying index that would reduce the accumulated value.

·   There is a risk that a strategy used by the Fund may fail to produce the intended result. This risk is common to all mutual funds.

·  The value of a security may decline due to general economic and market conditions that are not specifically related to a particular issuer.

·   Because the Fund is non-diversified (meaning that compared to diversified mutual funds, the Fund may invest a greater percentage of its assets in a particular issuer), its shares may be more susceptible to adverse changes in the value of a particular security than would be the shares of a diversified mutual fund.

·   A higher portfolio turnover rate will result in the Fund paying more brokerage commissions and may generate greater tax liabilities for shareholders. Additionally, high portfolio turnover may adversely affect the ability of the Fund to meet its investment goals.

·   At times, the Fund may be constrained in its ability to use derivatives by an unanticipated inability to close positions when it would be most advantageous to do so.

·   Certain major exchanges on which options are traded have established limits on how much an option may decline over various time periods. If trading is halted, then the Fund may not be able to purchase or sell options contracts and may also be required to use a “fair value” method to price its outstanding contracts.

·   The derivatives in which the Fund invests are subject to loss of value over time, and may have no value at the time of their expiration.

Risk Lose Money [Text]

rr_RiskLoseMoney

The risk that you could lose all or a portion of your investment in the Fund.

Risk Nondiversified Status [Text]

rr_RiskNondiversifiedStatus

Because the Fund is non-diversified (meaning that compared to diversified mutual funds, the Fund may invest a greater percentage of its assets in a particular issuer), its shares may be more susceptible to adverse changes in the value of a particular security than would be the shares of a diversified mutual fund.

Bar Chart and Performance Table [Heading]

rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block]

rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of market performance.  The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Performance Information Illustrates Variability of Returns [Text]

rr_PerformanceInformationIllustratesVariabilityOfReturns

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and how the Fund's average annual returns over time compare with those of a broad measure of market performance.

Performance Past Does Not Indicate Future [Text]

rr_PerformancePastDoesNotIndicateFuture

The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Bar Chart [Heading]

rr_BarChartHeading

Calendar Year Returns as of 12/31

Bar Chart Closing [Text Block]

rr_BarChartClosingTextBlock

HIGHEST AND LOWEST QUARTER RETURNS

(for periods shown in the bar chart)

Highest: 370.17% in 3rdQuarter 2011

Lowest: -96.75% in 2ndQuarter 2009

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

Highest:

Highest Quarterly Return, Date

rr_BarChartHighestQuarterlyReturnDate

Sep. 30, 2011

Highest Quarterly Return

rr_BarChartHighestQuarterlyReturn

370.17%

Lowest Quarterly Return, Label

rr_LowestQuarterlyReturnLabel

Lowest:

Lowest Quarterly Return, Date

rr_BarChartLowestQuarterlyReturnDate

Jun. 30, 2009

Lowest Quarterly Return

rr_BarChartLowestQuarterlyReturn

(96.75%)

Index No Deduction for Fees, Expenses, Taxes [Text]

rr_IndexNoDeductionForFeesExpensesTaxes

(reflects no deduction for fees, expenses or taxes)

Performance Table Uses Highest Federal Rate

rr_PerformanceTableUsesHighestFederalRate

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred

rr_PerformanceTableNotRelevantToTaxDeferred

Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

Performance Table Explanation after Tax Higher

rr_PerformanceTableExplanationAfterTaxHigher

In certain cases, the figure representing "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.

Performance Table Closing [Text Block]

rr_PerformanceTableClosingTextBlock

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Fund Shares” may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.

Caption

rr_AverageAnnualReturnCaption

Average Annual Total Returns (For the periods ended December 31, 2012)

S&P 500 Index (reflects no deduction for fees, expenses or taxes)

Risk/Return:

rr_RiskReturnAbstract

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

16.00%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

1.66%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

7.10%

Genworth Financial Contra Fund

Risk/Return:

rr_RiskReturnAbstract

Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

Redemption Fee (as a percentage of amount redeemed)

rr_RedemptionFeeOverRedemption

none

Management Fees

rr_ManagementFeesOverAssets

1.20%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

2.17%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.02%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

3.39%

^[2]

Fee Waiver and/or Expense Reimbursement

rr_FeeWaiverOrReimbursementOverAssets

(1.62%)

Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement

rr_NetExpensesOverAssets

1.77%

Expense Example, with Redemption, 1 Year

rr_ExpenseExampleYear01

180

Expense Example, with Redemption, 3 Years

rr_ExpenseExampleYear03

891

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

1,625

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

3,567

Annual Return 2003

rr_AnnualReturn2003

(77.40%)

Annual Return 2004

rr_AnnualReturn2004

(99.85%)

Annual Return 2005

rr_AnnualReturn2005

(99.70%)

Annual Return 2006

rr_AnnualReturn2006

(96.80%)

Annual Return 2007

rr_AnnualReturn2007

(99.70%)

Annual Return 2008

rr_AnnualReturn2008

7.99%

Annual Return 2009

rr_AnnualReturn2009

(99.96%)

Annual Return 2010

rr_AnnualReturn2010

(99.63%)

Annual Return 2011

rr_AnnualReturn2011

(92.94%)

Annual Return 2012

rr_AnnualReturn2012

(99.28%)

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

(99.28%)

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

(98.51%)

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

(98.78%)

Genworth Financial Contra Fund | After Taxes on Distributions

Risk/Return:

rr_RiskReturnAbstract

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

(99.28%)

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

(98.51%)

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

(98.78%)

Genworth Financial Contra Fund | After Taxes on Distributions and Sales

Risk/Return:

rr_RiskReturnAbstract

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

(64.53%)

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

(31.57%)

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

(17.28%)

[1] Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the ratio of expenses to average net assets found within the "Financial Highlights" section of this prospectus, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.

[2] GFWM has contractually agreed to waive its fees and/or pay Fund expenses to the extent necessary to ensure that the Total Annual Fund Operating Expense After Fee Waiver and/or Expense Reimbursement (excluding any taxes, interest, brokerage fees, securities lending expense offset amounts, acquired fund fees and expenses, and non-routine expenses) does not exceed 1.75% of the Fund's average daily net assets. If the Fund's expense level would fall below the 1.75% annual limit, the Fund may maintain expenses at the limit so that GFWM may be reimbursed for fee reductions and/or expense payments made in the prior three fiscal years, provided the reimbursement will not cause the Fund's Total Annual Fund Operating Expense After Fee Waiver and/or Expense Reimbursement to exceed the 1.75% limit. This agreement will continue in effect until January 31, 2014, and may not be terminated by GFWM prior to that date, but may be continued thereafter.

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Genworth Financial Contra Fund | Genworth Financial Contra Fund

Genworth Financial Contra Fund

Investment Objective

Genworth Financial Contra Fund (the “Fund”) seeks to provide protection against declines in the value of the equity allocation of certain assets managed by Genworth Financial Wealth Management, Inc. (“GFWM”) for its private advisory clients.

Fees And Expenses Of The Fund

The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees	Genworth Financial Contra Fund
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	none
Maximum Deferred Sales Charge (Load)	none
Redemption Fee (as a percentage of amount redeemed)	none

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses		Genworth Financial Contra Fund
Management Fees		1.20%
Distribution and Service (12b-1) Fees		none
Other Expenses		2.17%
Acquired Fund Fees and Expenses	[1]	0.02%
Total Annual Fund Operating Expenses	[2]	3.39%
Fee Waiver and/or Expense Reimbursement		(1.62%)
Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement		1.77%

Example

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The exam­ple also assumes that your investment has a 5% return each year and that the Fund’s operating expenses (before fee waivers and/or expense reimbursements, if any) remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)	1 Year:	3 Years:	5 Years:	10 Years:
Genworth Financial Contra Fund	180	891	1,625	3,567

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities or other instruments (or “turns over” its portfolio). A higher portfolio turnover rate will result in higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 0% of the average value of its portfolio.  For purposes of calculating the Fund’s portfolio turnover rate, all securities, including options, whose maturities or expiration dates at the time of acquisition were one year or less are excluded.  If such investments were included, the Fund’s portfolio turnover rate would be significantly higher.

Principal Investment Strategies

The Fund seeks to provide protection against declines in the value of the equity allocation of certain assets managed by GFWM for its private advisory clients. The Fund is used by GFWM within an asset allocation program to provide some measure of downside protection in the event that client assets sensitive to movements in the equity markets are exposed to the loss of significant value as a result of a severe and sustained decline in the broad-based equity market.  As the Fund’s investment advisor, GFWM ana­lyzes various mutual funds and securities owned by certain of its private advisory clients and performs a statistical analysis of the return characteristics of these securities at the individual security and/or portfolio level. This periodic analysis may include a statistical analysis of the performance pattern of the mutual funds and the directly held securities. Based on this analysis, as well as current market factors, GFWM periodically uses its judgment and discretion in creating a composite hedging benchmark, which it calls the Equity Hedging Benchmark (the “Hedging Benchmark”), in an attempt to identify a hedge for the equity market risk of certain assets owned by Fund shareholders. In order to reduce the cost of the hedge GFWM may, and sometimes will, include Hedging Benchmark positions which by themselves would have a long equity market bias. GFWM instructs Credit Suisse Asset Management, LLC (“CSAM”), the Fund’s sub-advisor, of the nature, timing and performance expectations related to and associated with the Hedging Benchmark.  CSAM then uses a quantitative and qualitative investment process to select investments designed to deliver Fund performance that tracks, within prescribed bounds, the performance of the Hedging Benchmark positions.  In pursuing the Fund’s objectives, CSAM, in its discretion, may increase or decrease the level of downside protection provided by the Fund, relative to the Hedging Benchmark, including potentially adjusting the long-bias positions identified in the Hedging Benchmark.  The value of your investment in the Fund generally will decrease when the broad-based equity market appreciates, is unchanged or experiences a modest decrease.  Conversely, when the value of the broad-based equity market experiences a severe and sustained decline, the value of your investment in the Fund generally will increase.

In order to achieve its investment goal, the Fund may use the following instruments:

·   options on securities and stock indexes;

·   cash, cash equivalents and short-term market instruments;

·   money market funds; and

·   exchange-traded funds (“ETFs”)

The Fund generally purchases broad-market index put options to seek favorable returns in anticipation of the risk that broad equity markets may decline in value.  To help offset the costs of purchasing those put options, the Fund may also write (sell) other index put options.

In addition, the Fund may also utilize various options strategies, such as those commonly referred to as straddles, spreads, strangles, butterflies and condors.  These strategies involve combinations of positions in both put and call options.  The success of each of these strategies depends on many factors, primary among them, the volatility of the underlying index.  The Fund’s decision regarding whether or not to utilize a specific options strategy will depend upon an evaluation of the relative pricing of available options, market conditions, and the efficient implementation of the Hedging Benchmark.

Principal Investment Risks

The risks associated with an investment in the Fund can increase during times of significant volatility in the broad-based equity market.  The principal risks of the Fund include:

·   The risk that you could lose all or a portion of your investment in the Fund.

·   GFWM may be unable to fully determine the prospective market exposure of its clients’ holdings, when constructing the Hedging Benchmark, and may therefore have imperfect knowledge of the magnitude of risk to be hedged.

·   To the extent that a particular investor’s portfolio differs from the aggregate client assets analyzed to construct the Hedging Benchmark, the realized risk of an investor’s portfolio may differ from GFWM’s estimate, and the Fund may not be successful in providing protection against declines in the investor’s portfolio.

·   The Fund’s use of options (“derivatives”) involves additional risks and transaction costs, such as (i) the risk of adverse changes in the value of these instruments, (ii) the risk of imperfect correlation between the price of derivatives and movements in the price of the underlying securities or index, (iii) the fact that the use of derivatives requires different skills than those needed to select portfolio securities, and (iv) the risk of the possible absence of a liquid secondary market for a particular derivative at any moment in time.

·   Certain investments (such as options) and certain practices may have the effect of magnifying declines as well as increases in the Fund’s net asset value (“NAV”).  Losses from written put options can be substantial.  Losses from written call options can be unlimited to the extent of the Fund’s assets.

·   The Fund can experience losses through the purchase of options, including the complete loss of the amount invested.  A purchased option can lose partial value if the underlying index fails to move in a direction favorable to that type of option after the time of purchase or it can lose all of its value if the option expires while the underlying index is outside of the option’s specified payout range.  In addition, while an index option can gain value as the result of a favorable move in the underlying index (an upward move for call options or a downward move for put options), the Fund may lose some or all of that accumulated value if the purchased options are not sold (and the gains not realized) prior to any possible adverse reverse in the direction of the underlying index that would reduce the accumulated value.

·   There is a risk that a strategy used by the Fund may fail to produce the intended result. This risk is common to all mutual funds.

·  The value of a security may decline due to general economic and market conditions that are not specifically related to a particular issuer.

·   Because the Fund is non-diversified (meaning that compared to diversified mutual funds, the Fund may invest a greater percentage of its assets in a particular issuer), its shares may be more susceptible to adverse changes in the value of a particular security than would be the shares of a diversified mutual fund.

·   A higher portfolio turnover rate will result in the Fund paying more brokerage commissions and may generate greater tax liabilities for shareholders. Additionally, high portfolio turnover may adversely affect the ability of the Fund to meet its investment goals.

·   At times, the Fund may be constrained in its ability to use derivatives by an unanticipated inability to close positions when it would be most advantageous to do so.

·   Certain major exchanges on which options are traded have established limits on how much an option may decline over various time periods. If trading is halted, then the Fund may not be able to purchase or sell options contracts and may also be required to use a “fair value” method to price its outstanding contracts.

·   The derivatives in which the Fund invests are subject to loss of value over time, and may have no value at the time of their expiration.

Performance

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of market performance.  The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Calendar Year Returns as of 12/31

HIGHEST AND LOWEST QUARTER RETURNS

(for periods shown in the bar chart)

Highest: 370.17% in 3rdQuarter 2011

Lowest: -96.75% in 2ndQuarter 2009

Average Annual Total Returns (For the periods ended December 31, 2012)

Average Annual Returns	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years
Genworth Financial Contra Fund	(99.28%)	(98.51%)	(98.78%)
Genworth Financial Contra Fund After Taxes on Distributions	(99.28%)	(98.51%)	(98.78%)
Genworth Financial Contra Fund After Taxes on Distributions and Sales	(64.53%)	(31.57%)	(17.28%)
Genworth Financial Contra Fund S&P 500 Index (reflects no deduction for fees, expenses or taxes)	16.00%	1.66%	7.10%

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, the figure representing “Return After Taxes on Distributions and Sale of Fund Shares” may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.

[1] Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the ratio of expenses to average net assets found within the "Financial Highlights" section of this prospectus, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.

[2] GFWM has contractually agreed to waive its fees and/or pay Fund expenses to the extent necessary to ensure that the Total Annual Fund Operating Expense After Fee Waiver and/or Expense Reimbursement (excluding any taxes, interest, brokerage fees, securities lending expense offset amounts, acquired fund fees and expenses, and non-routine expenses) does not exceed 1.75% of the Fund's average daily net assets. If the Fund's expense level would fall below the 1.75% annual limit, the Fund may maintain expenses at the limit so that GFWM may be reimbursed for fee reductions and/or expense payments made in the prior three fiscal years, provided the reimbursement will not cause the Fund's Total Annual Fund Operating Expense After Fee Waiver and/or Expense Reimbursement to exceed the 1.75% limit. This agreement will continue in effect until January 31, 2014, and may not be terminated by GFWM prior to that date, but may be continued thereafter.

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Document and Entity Information	0 Months Ended
	Sep. 30, 2012
Risk/Return:
Document Type	485BPOS
Document Period End Date	Sep. 30, 2012
Registrant Name	Genworth Financial Asset Management Funds
Central Index Key	0001068602
Amendment Flag	false
Document Creation Date	Jan. 31, 2013
Document Effective Date	Jan. 31, 2013
Prospectus Date	Jan. 31, 2013