GIBIX: Guggenheim Total Return Bond Instl

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GIBIX Guggenheim Total Return Bond Instl

  • Fund
  • GIBIX
  • Price as of: Jan 17, 2020
  • $27.24
    - $0.03 - 0.11%

Profile

GIBIX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $14.3 B
  • Holdings in Top 10 24.0%

52 WEEK LOW AND HIGH

$27.24
$26.48
$27.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.64%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Guggenheim Total Return Bond Fund Institutional Class
  • Fund Family Name
    Guggenheim Investments
  • Inception Date
    Nov 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    B. Scott Minerd

Fund Description

The fund invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in debt securities. While the fund will principally invest in debt securities listed, traded or dealt in developed markets countries globally, it may also invest without limitation in securities listed, traded or dealt in other countries, including emerging markets countries.


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Categories

Performance

GIBIX - Performance

Return Ranking - Trailing

Period GIBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -0.3% 0.8% 65.59%
1 Yr 4.7% -1.6% 12.1% 72.10%
3 Yr 4.0%* -1.3% 8.5% 12.56%
5 Yr 3.9%* -2.7% 22.5% 7.74%
10 Yr N/A* -0.7% 12.0% N/A

* Annualized

Return Ranking - Calendar

Period GIBIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.3% 9.2% 92.24%
2018 -2.3% -10.3% 2.7% 18.41%
2017 2.9% -2.0% 8.1% 12.70%
2016 1.4% -8.5% 192.8% 21.39%
2015 -3.3% -12.2% -0.6% 42.68%

Total Return Ranking - Trailing

Period GIBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -0.3% 0.8% 65.59%
1 Yr 4.7% -1.6% 12.1% 72.96%
3 Yr 4.0%* -0.3% 8.5% 12.56%
5 Yr 3.9%* -1.5% 26.6% 8.33%
10 Yr N/A* -0.7% 16.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GIBIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.0% -1.2% 9.2% 92.24%
2018 -1.9% -10.3% 3.9% 34.83%
2017 2.9% -1.5% 8.4% 32.80%
2016 2.0% -4.6% 204.3% 29.48%
2015 -3.3% -12.2% 3.7% 61.15%

NAV & Total Return History


Holdings

GIBIX - Holdings

Concentration Analysis

GIBIX Category Low Category High GIBIX % Rank
Net Assets 14.3 B 3 M 67.1 B 10.16%
Number of Holdings 993 6 7702 22.13%
Net Assets in Top 10 3.33 B -1.63 B 29.5 B 10.21%
Weighting of Top 10 24.01% 6.1% 370.4% 58.30%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 4.61%
  2. United States Treasury Notes 2.5% 3.74%
  3. United States Treasury Notes 2.38% 3.29%
  4. United States Treasury Bonds 2.88% 2.46%
  5. United States Treasury Notes 2.5% 2.41%
  6. United States Treasury Bonds 2.25% 1.82%
  7. Japan (Government Of) 0.1% 1.75%
  8. Spain (Kingdom of) 0.75% 1.72%
  9. Israel (State Of) 1% 1.11%
  10. Japan (Government Of) 1.09%

Asset Allocation

Weighting Return Low Return High GIBIX % Rank
Bonds
96.28% 30.90% 156.37% 46.19%
Cash
4.68% -62.92% 56.22% 44.68%
Convertible Bonds
0.04% 0.00% 6.53% 78.72%
Stocks
0.00% -0.03% 15.11% 80.51%
Preferred Stocks
0.00% 0.00% 3.98% 85.53%
Other
-1.01% -28.19% 12.63% 91.49%

Bond Sector Breakdown

Weighting Return Low Return High GIBIX % Rank
Securitized
42.94% 0.00% 95.70% 20.00%
Government
38.68% 0.00% 86.53% 13.62%
Corporate
13.15% 0.00% 87.55% 92.77%
Cash & Equivalents
4.33% -28.66% 49.13% 53.19%
Municipal
0.54% 0.00% 64.92% 30.64%
Derivative
0.36% -0.83% 21.86% 31.06%

Bond Geographic Breakdown

Weighting Return Low Return High GIBIX % Rank
US
76.42% 52.11% 156.14% 67.23%
Non US
19.86% -29.12% 36.86% 21.28%

Expenses

GIBIX - Expenses

Operational Fees

GIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.00% 37.25% 80.26%
Management Fee 0.39% 0.00% 0.96% 43.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% 63.45%

Sales Fees

GIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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.

GIBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 7.12% 1209.00% 29.96%

Distributions

GIBIX - Distributions

Dividend Yield Analysis

GIBIX Category Low Category High GIBIX % Rank
Dividend Yield 0.63% 0.00% 3.97% 50.20%

Dividend Distribution Analysis

GIBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GIBIX Category Low Category High GIBIX % Rank
Net Income Ratio 2.64% -0.35% 8.52% 60.52%

Capital Gain Distribution Analysis

GIBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GIBIX - Fund Manager Analysis

Managers

B. Scott Minerd


Start Date

Tenure

Tenure Rank

Nov 30, 2011

8.09

8.1%

Mr. Minerd is Chairman of Investments, Global Chief Investment Officer and Managing Partner of Guggenheim. Mr. Minerd joined Guggenheim in 1998. In his role as Global Chief Investment Officer, Mr. Minerd guides the firm’s investment strategies and oversees client accounts across a broad range of fixed-income and equity securities. Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. In this position, he was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Prior to that, Mr. Minerd was Morgan Stanley’s London based European Capital Markets Products Trading and Risk Manager responsible for Eurobonds, Euro-MTNs, domestic European Bonds, FRNs, derivative securities and money market products in 12 European currencies and Asian markets. Mr. Minerd has also held capital markets positions with Merrill Lynch and Continental Bank. Prior to that, he was a Certified Public Accountant and worked for the public accounting firm of Price Waterhouse. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President and senior management at the bank about the current financial markets and ways the public and private sectors can better understand and mitigate systematic risks. Mr. Minerd also works with the Organization for Economic Cooperation and Development (OECD), advising on research and analysis of private sector infrastructure investment, and is a contributing member of the World Economic Forum (WEF). He is a regularly featured guest and contributor to leading financial media outlets, including The Wall Street Journal, The Financial Times, Bloomberg, and CNBC, where he shares insights on today’s financial climate. Mr. Minerd holds a B.S. degree in Economics from the Wharton School, University of Pennsylvania, Philadelphia, and has completed graduate work at the University of Chicago Graduate School of Business and the Wharton School, University of Pennsylvania.

Anne Walsh


Start Date

Tenure

Tenure Rank

Nov 30, 2011

8.09

8.1%

Ms. Walsh is a Senior Managing Director and Assistant Chief Investment Officer of Guggenheim. Ms. Walsh joined Guggenheim in 2007 and in her role as Assistant CIO-Fixed Income, she is head of the Portfolio Construction Group (“PCG”) and Portfolio Management. She oversees in fixed income investments including Agencies, Credit, Municipals, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Asset Backed Securities across several Guggenheim affiliates. In her role, she is responsible for portfolio design and strategy, sector allocation and risk management for client portfolios, and conveying Guggenheim's macro-economic outlook to Portfolio Managers and fixed-income Sector Specialists. Prior to joining Guggenheim, Ms. Walsh served as Chief Investment Officer at Reinsurance Group of America, Incorporated (“RGA”), a recognized leader in the global life reinsurance industry. Prior to joining RGA in 2000, Ms. Walsh served as Vice President and Senior Investment Consultant for Zurich Scudder Investments. Earlier, she held roles at Lincoln Investment Management and American Bankers Insurance Group. Ms. Walsh received her BSBA and MBA from Auburn University and her J.D. from the University of Miami School of Law. She has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.

Adam Bloch


Start Date

Tenure

Tenure Rank

Apr 30, 2016

3.67

3.7%

Mr. Bloch is a Director and Portfolio Manager of Guggenheim. Mr. Bloch joined Guggenheim in 2012. He works directly with sector traders, research heads, and risk managers and is responsible for buy and sell recommendations, day-to-day risk monitoring, and various special projects for Guggenheim Total Return mandates. In addition to his fixed-income responsibilities, Mr. Bloch helps with implementation of various macro overlays on certain portfolios. Prior to joining Guggenheim Investments, he worked in Leveraged Finance at Bank of America Merrill Lynch in New York where he structured high yield bonds and leveraged loans for leveraged buyouts, restructurings, and corporate refinancing across multiple industries. Mr. Bloch graduated from the University of Pennsylvania.

Steven Brown


Start Date

Tenure

Tenure Rank

Apr 30, 2016

3.67

3.7%

Mr. Brown joined Guggenheim in 2010 and is a part of the Portfolio Management team for Guggenheim’s Active Fixed Income and Total Return mandates. Mr. Brown is involved in all facets of portfolio management including working with the senior Portfolio Managers and CIOs to develop and apply the macro and sector level views at the individual portfolio level. Additionally he works closely with the sector teams and portfolio construction to implement trades and optimize portfolios. Prior to joining the portfolio management team in 2012 Mr. Brown worked in the non-mortgage asset backed securities group. His responsibilities on that team included trading, sourcing and evaluating investment opportunities and monitoring credits. Prior to joining Guggenheim Mr. Brown held roles within treasury services and structured products at ABN AMRO and Bank of America in Chicago and London. Mr. Brown earned a BS in Finance from Indiana University’s Kelley School of Business. He has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 27.01 5.63 5.27