Fund Evaluator:
GuidePath® Multi-Asset Income Allc RS (GMZGX)
Follow This Fund
Best Performing in Global Moderate Allocation Over the Last Year
| 22.5% | Cohen & Steers Real Assets Z (RAPZX) |
| 21.9% | Vanguard Global Wellington Admiral (VGWAX) |
| 21.8% | Vanguard Global Wellington Investor (VGWLX) |
| 20.6% | VALIC Company I Global Strategy (VGLSX) |
| 20.0% | TOPS® Managed Risk Mod Agrsv ETF 2 () |
Fund Details
GuidePath® Multi-Asset Income Allc RS Overview
GuidePath® Multi-Asset Income Allc RS (GMZGX) is an actively managed Allocation Global Moderate Allocation fund. GuidePath launched the fund in 2026.
The investment seeks to maximize current income while moderating risk and volatility in the portfolio; as a secondary objective, it seeks capital appreciation. The fund operates as a fund of funds, investing primarily in registered mutual funds (both actively and passively managed) and exchange-traded funds ("ETFs"). The funds in which the fund may invest are referred to herein as the "underlying funds." The Advisor believes that investing in underlying funds provides the fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of asset classes.
About GuidePath® Multi-Asset Income Allc RS (GMZGX)
There are 2 members of the management team with an average tenure of 8.97 years: Selwyn Crews (2012), Christian Chan (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Global Aggregate TR USD index with a weighting of 100% and Morningstar Mult-At High Incm TR USD index with a weighting of 100%. GuidePath® Multi-Asset Income Allc RS has 44 securities in its portfolio. The top 10 holdings constitute 55.1% 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.
GuidePath® Multi-Asset Income Allc RS is part of the Allocation global asset class and is within the Allocation fund group. GuidePath® Multi-Asset Income Allc RS has 30.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 33.6%. There is 20.9% allocated to foreign stock, and 3.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.8% (29.6% domestic bond, 9.2% foreign bond and 1.4% convertible bond). GuidePath® Multi-Asset Income Allc RS has 2.4% of the portfolio in cash.
Assets Under Management
The fund has $300 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.
GMZGX 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 GuidePath® Multi-Asset Income Allc RS expense ratio is high compared to funds in the Global Moderate Allocation category. GuidePath® Multi-Asset Income Allc RS has an expense ratio of 1.94%, which is 86% 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. GuidePath® Multi-Asset Income Allc RS has a portfolio turnover rate of 39%, 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, GuidePath® Multi-Asset Income Allc RS returned 1.4%, 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.
GuidePath® Multi-Asset Income Allc RS has a trailing yield of 0.00%, which is below 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.
GuidePath® Multi-Asset Income Allc RS Grades
Year to date, the fund has returned 8.3%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 14.9% over the past year (grade of C), 11.0% over the past three years (grade of D) and 5.4% per year over the past five years (grade of D) and 5.4% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about GuidePath® Multi-Asset Income Allc RS, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
GMZGX 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 |
|
| GMZGX Return (NAV) | 1.4% | 2.0% | 14.9% | 11.0% | 5.4% | 5.4% |
| GMZGX Grade | B | D | C | D | D | F |
| +/- Category | 1.2% | -0.1% | -1.1% | -1.0% | -0.8% | -1.9% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| GMZGX Tax Cost Ratio | na | na | na | na | na | na |
GMZGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMZGX Return (NAV) | 8.3% | 13.0% | 7.5% | 9.4% | -12.2% | 11.6% | 0.7% | 16.3% | -6.1% | 9.7% | 7.6% |
| GMZGX Grade | B | F | D | F | B | C | F | D | B | F | B |
| +/- Category | 0.2% | -3.1% | -0.9% | -2.8% | 1.2% | -0.0% | -9.1% | -1.4% | 1.0% | -4.3% | 1.0% |
| 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: | 7.9% |
| Total Risk Index: | 0.64 - Below Average |
| Category Risk Index: | 0.86 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.78 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | -- |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $111 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 39% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 9.0 years | |||
| Managers (Year): Crews Selwyn (2012), Chan Christian (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 44 |
| % in Top 10 Holdings: | 55.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 30.1% |
Portfolio Allocation |
|
| Domestic Stock: | 33.6% |
| Foreign Stock: | 20.9% |
| Preferred Stock: | 3.3% |
| Domestic Bond: | 29.6% |
| Foreign Bond: | 9.2% |
| Convertible Bond: | 1.4% |
| Other: | -0.4% |
| Cash: | 2.4% |
Purchase Information
| Fund Family: | GuidePath |
| Phone Number: | 888-278-5809 |
| Website: | www.GenworthWealth.com |
| Status: | Open |
| Inception Date: | March 13, 2026 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | GuidePath® Multi-Asset Income Allc Svc |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
