Fund Evaluator:
Guidepath® Conservative Income (GPICX)
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Fund Details
Guidepath® Conservative Income Overview
Guidepath® Conservative Income (GPICX) is an actively managed Taxable Bond Short-Term Bond fund. GuidePath launched the fund in 2018.
The investment seeks to generate current income and capital preservation is a secondary objective. The fund invests primarily in a portfolio of actively and passively managed registered mutual funds and exchange-traded funds ("ETFs"), in addition to direct investments. The funds in which it 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 investments.
About Guidepath® Conservative Income (GPICX)
There are 2 members of the management team with an average tenure of 4.01 years: Selwyn Crews (2022), Christian Chan (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Treasury 1-3 Yr TR USD index with a weighting of 100%. Guidepath® Conservative Income has 6 securities in its portfolio. The top 10 holdings constitute 100.0% 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® Conservative Income is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Guidepath® Conservative Income has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 48.8% (48.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Guidepath® Conservative Income has 51.2% of the portfolio in cash.
Assets Under Management
The fund has $28 million in total assets, which is below the $904 million average for the Short-Term Bond 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.
GPICX 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® Conservative Income expense ratio is above average compared to funds in the Short-Term Bond category. Guidepath® Conservative Income has an expense ratio of 0.78%, which is 18% higher than its category average, making the fund expense ratio grade a D. 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® Conservative Income has a portfolio turnover rate of 780%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 135% for the Short-Term Bond category.
Recently, in the month of July 2026, Guidepath® Conservative Income returned 0.3%, which earned it a grade of A, as the Short-Term Bond category had an average return of -0.0%. 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® Conservative Income has a trailing yield of 3.79%, which is below the 4.16% category average. The fund normally distributes its income monthly 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® Conservative Income Grades
Year to date, the fund has returned 1.5%, 0.6 percentage points better than the category, which translates into a grade of A. The fund has returned 3.2% over the past year (grade of D), 4.0% over the past three years (grade of F) and 2.5% per year over the past five years (grade of B).
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GPICX 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 |
|
| GPICX Return (NAV) | 0.3% | 0.6% | 3.2% | 4.0% | 2.5% | na |
| GPICX Grade | A | A | D | F | B | na |
| +/- Category | 0.3% | 0.3% | -0.3% | -1.0% | 0.2% | na |
| Short-Term Bond Avg | -0.0% | 0.3% | 3.4% | 5.0% | 2.2% | 2.3% |
| GPICX Tax Cost Ratio | na | na | 1.5% | 1.7% | 1.3% | na |
GPICX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GPICX Return (NAV) | 1.5% | 3.5% | 4.7% | 4.9% | -1.8% | 0.1% | -0.3% | 2.3% | na | na | na |
| GPICX Grade | A | F | D | D | A | B | F | F | na | na | na |
| +/- Category | 0.6% | -2.4% | -0.2% | -0.7% | 3.3% | 0.2% | -4.5% | -2.4% | na | na | na |
| Short-Term Bond Avg | 0.9% | 5.9% | 4.9% | 5.6% | -5.0% | -0.0% | 4.2% | 4.8% | 0.7% | 1.9% | 2.5% |
| Risk Measures | |
| Standard Deviation: | 0.6% |
| Total Risk Index: | 0.05 - Low |
| Category Risk Index: | 0.30 - Low |
| Category Risk Grade: | A (0% Rank) |
| Beta: | 0.07 |
| R-Squared: | 58% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $28 Mil |
| Fund Total Assets: | $ 28 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 780% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): Crews Selwyn (2022), Chan Christian (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 48.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 51.2% |
Purchase Information
| Fund Family: | GuidePath |
| Phone Number: | 888-278-5809 |
| Website: | www.GenworthWealth.com |
| Status: | Open |
| Inception Date: | April 30, 2018 |
| 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 (%): | 0.78% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.66% |
| Share Class: | Guidepath® Conservative Income |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
