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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Guggenheim Total Return Bond Fund

GIBRX | Fund

$23.63

$23.1 B

4.93%

$1.16

0.62%

Vitals

YTD Return

3.5%

1 yr return

9.0%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

1.4%

Net Assets

$23.1 B

Holdings in Top 10

19.8%

52 WEEK LOW AND HIGH

$23.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 92.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Guggenheim Total Return Bond Fund

GIBRX | Fund

$23.63

$23.1 B

4.93%

$1.16

0.62%

GIBRX - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.76%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Guggenheim Total Return Bond Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Oct 19, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    B. Scott Minerd

Fund Description

The Fund intends to pursue its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in debt securities. Such debt securities may include corporate bonds and other corporate debt securities, securities issued by the U.S. government or its agencies and instrumentalities (including those not backed by the full faith and credit of the U.S. government), sovereign debt securities, Eurodollar bonds and obligations, agency and non-agency residential and commercial mortgage-backed securities and other asset-backed securities (including collateralized mortgage obligations), loans, participations in and assignments of bank and bridge loans, zero-coupon bonds, municipal bonds, payment-in-kind securities (such as payment-in-kind bonds), convertible fixed-income securities, non-registered or restricted securities (including those issued in reliance on Rule 144A and Regulation S securities), certain preferred securities and step-up securities (such as step-up bonds). These securities may pay fixed or variable rates of interest and may include adjustable rate 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. Such securities may be denominated in foreign currencies. Guggenheim Partners Investment Management, LLC, also known as Guggenheim Investments (the “Investment Manager”) may attempt to reduce foreign currency exchange rate risk by entering into contracts with banks, brokers or dealers to purchase or sell securities or foreign currencies at a future date. The Fund may also invest in collateralized debt obligations (“CDOs”) (which include collateralized bond obligations, collateralized loan obligations and other similarly structured instruments), preferred stock and convertible securities. The Fund may seek to obtain exposure to the securities in which it primarily invests through a variety of investment vehicles, principally closed-end funds, exchange-traded funds (“ETFs”) and other mutual funds.The Fund may hold fixed-income instruments of any quality, rated or unrated, including those that are rated below investment grade, or if unrated, determined to be of comparable quality (also known as “high yield securities” or “junk bonds”). If nationally recognized statistical rating organizations assign different ratings to the same security, the Fund will use the higher rating for purposes of determining the security’s credit quality. However, the Fund may not invest more than 33 1/3% of its total assets in fixed-income securities that are below investment grade. The Fund may hold securities of any duration or maturity.With respect to bank loans, the Fund may purchase participations in, or assignments of, floating rate bank loans that meet certain liquidity standards and will provide for interest rate adjustments at least every 397 days and which may be secured by real estate or other assets. Participations may be interests in, or assignments of, the loan and may be acquired from banks or brokers that have made the loan or members of the lending syndicate. The Fund may also participate in lending syndicates and other direct lending opportunities.The Fund also may seek exposures through derivative transactions, principally: foreign exchange forward contracts; futures on securities, indices, currencies and other investments; Eurodollar futures; options; interest rate swaps; cross-currency swaps; total return swaps; credit default swaps; and other foreign currency contracts and foreign currency-related transactions, which may also create economic leverage in the Fund. The Fund may engage in derivative and foreign currency-related transactions for speculative purposes to enhance total return, to seek to hedge against fluctuations in securities prices, interest rates or currency rates, to change the effective duration of its portfolio, to manage certain investment risks, as a substitute for the purchase or sale of securities or currencies and/or to obtain or replicate market exposure. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as “To Be Announced” (“TBA”) transactions and/or dollar rolls). The Fund may use leverage to the extent permitted by applicable law by entering into reverse repurchase agreements and transactions equivalent to a borrowing for investment purposes. The Fund also may engage, without limitation, in repurchase agreements.The Fund employs a diversified, multi-sector strategy focused on under-researched areas of the fixed income universe, including sectors not included in benchmark indices. Through its actively managed approach, the Fund seeks to potentially capitalize on changing relative values in fixed-income sectors. The Investment Manager selects securities and other investments for purchase and sale based on intensive credit research involving extensive due diligence on each issuer, region and sector. The Investment Manager also considers macroeconomic outlook and geopolitical issues, and may employ a tactical asset or sector allocation strategy to seek to capitalize on total return potential created by changing market and economic conditions.The Investment Manager may determine to sell a security for several reasons, including but not limited to the following: (1) to adjust the portfolio’s average maturity or duration, or to shift assets into or out of higher-yielding securities; (2) if a security’s credit rating has been changed, the Investment Manager's credit outlook has changed, or for other similar reasons; (3) to meet redemption requests; (4) to take gains; or (5) due to relative value. The Fund does not intend to principally invest in defaulted securities, but if a security defaults subsequent to purchase by the Fund, the Investment Manager will determine in its discretion whether to hold or dispose of such security. Under adverse or unstable market conditions or abnormal circumstances (for example, in the event of credit events, where it is deemed opportune to preserve gains, or to preserve the relative value of investments or in the case of large cash inflows or anticipated large redemptions), the Fund can make temporary investments and may not be able to pursue or achieve its investment objective.
Read More

GIBRX - Performance

Return Ranking - Trailing

Period GIBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -6.4% 11.1% 7.91%
1 Yr 9.0% -2.1% 16.6% 6.16%
3 Yr -1.9%* -9.8% 27.8% 35.46%
5 Yr 1.4%* -7.5% 58.4% 5.71%
10 Yr N/A* -2.9% 73.8% 3.91%

* Annualized

Return Ranking - Calendar

Period GIBRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -16.2% 8.1% 24.38%
2022 -18.8% -34.7% 131.9% 91.89%
2021 -3.8% -11.6% 4.4% 71.29%
2020 9.5% -10.1% 946.1% 6.94%
2019 2.0% -1.7% 16.9% 96.80%

Total Return Ranking - Trailing

Period GIBRX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -6.4% 11.1% 7.91%
1 Yr 9.0% -2.1% 16.6% 6.16%
3 Yr -1.9%* -9.8% 27.8% 35.46%
5 Yr 1.4%* -7.5% 58.4% 5.71%
10 Yr N/A* -2.9% 73.8% 3.80%

* Annualized

Total Return Ranking - Calendar

Period GIBRX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -11.3% 11.9% 4.63%
2022 -15.3% -32.2% 131.9% 89.47%
2021 0.1% -9.4% 9.2% 20.13%
2020 15.4% -1.9% 1009.0% 5.57%
2019 4.6% 1.1% 21668.0% 97.75%

NAV & Total Return History

GIBRX - Holdings

Concentration Analysis

GIBRX Category Low Category High GIBRX % Rank
Net Assets 23.1 B 2.9 M 314 B 8.82%
Number of Holdings 1618 1 17787 27.03%
Net Assets in Top 10 4.77 B 1.62 M 35.1 B 11.82%
Weighting of Top 10 19.75% 4.4% 432.9% 62.33%

Top 10 Holdings

  1. Uniform MBS 30 Year 2.76%
  2. Uniform MBS 30 Year 2.71%
  3. U.S. Treasury Bonds 2.51%
  4. U.S. Treasury Notes 2.46%
  5. U.S. Treasury Notes 2.05%
  6. U.S. Treasury Bonds 1.97%
  7. U.S. Treasury Notes 1.86%
  8. Uniform MBS 15 Year 1.51%
  9. Uniform MBS 30 Year 1.06%
  10. United States Treasury Inflation Indexed Bonds 0.87%

Asset Allocation

Weighting Return Low Return High GIBRX % Rank
Bonds 		82.32% 0.00% 993.61% 88.82%
Other 		22.64% -27.25% 53.64% 7.71%
Preferred Stocks 		2.81% 0.00% 71.02% 1.34%
Convertible Bonds 		1.27% 0.00% 7.93% 58.49%
Stocks 		0.84% 0.00% 99.99% 10.15%
Cash 		0.81% -54.51% 237.69% 77.60%

Stock Sector Breakdown

Weighting Return Low Return High GIBRX % Rank
Financial Services 		96.89% 0.00% 100.00% 13.86%
Consumer Cyclical 		2.01% 0.00% 100.00% 28.31%
Technology 		1.10% 0.00% 43.45% 21.08%
Utilities 		0.00% 0.00% 100.00% 70.48%
Real Estate 		0.00% 0.00% 99.26% 67.47%
Industrials 		0.00% 0.00% 48.31% 72.89%
Healthcare 		0.00% 0.00% 17.70% 66.27%
Energy 		0.00% 0.00% 100.00% 74.70%
Communication Services 		0.00% 0.00% 100.00% 68.67%
Consumer Defense 		0.00% 0.00% 99.67% 65.66%
Basic Materials 		0.00% 0.00% 100.00% 70.48%

Stock Geographic Breakdown

Weighting Return Low Return High GIBRX % Rank
US 		0.84% 0.00% 99.99% 10.17%
Non US 		0.00% 0.00% 88.46% 63.21%

Bond Sector Breakdown

Weighting Return Low Return High GIBRX % Rank
Corporate 		51.89% 0.00% 100.00% 7.87%
Securitized 		28.36% 0.00% 98.40% 54.14%
Government 		17.86% 0.00% 86.23% 68.01%
Municipal 		1.07% 0.00% 100.00% 27.43%
Cash & Equivalents 		0.81% -0.46% 237.69% 71.22%
Derivative 		-0.42% -1.91% 44.82% 98.25%

Bond Geographic Breakdown

Weighting Return Low Return High GIBRX % Rank
US 		82.04% 0.00% 993.61% 87.36%
Non US 		0.28% 0.00% 30.95% 31.96%

GIBRX - Expenses

Operational Fees

GIBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.62% 0.01% 39.64% 57.91%
Management Fee 0.39% 0.00% 1.76% 58.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.08% 0.01% 0.50% 49.34%

Sales Fees

GIBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GIBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

GIBRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 92.00% 2.00% 493.39% 40.65%

GIBRX - Distributions

Dividend Yield Analysis

GIBRX Category Low Category High GIBRX % Rank
Dividend Yield 4.93% 0.00% 10.11% 13.33%

Dividend Distribution Analysis

GIBRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

GIBRX Category Low Category High GIBRX % Rank
Net Income Ratio 2.76% -1.28% 4.79% 5.42%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GIBRX - Fund Manager Analysis

Managers

B. Scott Minerd

Start Date

Tenure

Tenure Rank

Nov 30, 2011

10.51

10.5%

B. Scott Minerd, Chairman, Global Chief Investment Officer, Managing Partner and Portfolio Manager of Guggenheim Partners. Mr. Minerd joined Guggenheim Partners (or its affiliate or predecessor) in May 1998. Mr. Minerd leads Guggenheim Partners' research on global macroeconomics and guides the firm’s investment strategies.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

10.51

10.5%

Anne B. Walsh, Chief Investment Officer, Fixed Income, Senior Managing Director and Portfolio Manager of Guggenheim Partners. Ms. Walsh joined Guggenheim Partners (or its affiliate or predecessor) in 2007 is also the head of the Portfolio Construction Group and Portfolio Management. She oversees more than $185 billion in fixed-income investments including Agencies, Credit, Municipals, and Structured Securities. She is responsible for portfolio design, strategy, sector allocation and risk management, as well as conveying Guggenheim Partners' macroeconomic outlook to Portfolio Managers and fixed income Sector Specialists. Ms. Walsh specializes in liability-driven portfolio management. Prior to joining Guggenheim Partners, she served as Chief Investment Officer at Reinsurance Group of America, and also held roles at Zurich Scudder Investments, Lincoln Investment Management and American Bankers Insurance Group. She has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute. Ms. Walsh received her BSBA and MBA from Auburn University and her J.D. from the University of Miami School of Law.

Adam Bloch

Start Date

Tenure

Tenure Rank

Apr 30, 2016

6.09

6.1%

Adam Bloch, Managing Director and Portfolio Manager of Guggenheim Partners. Mr. Bloch joined Guggenheim Partners in 2012 and is a Portfolio Manager for the firm's Active Fixed Income and Total Return mandates. Mr. Bloch works with the Chief Investment Officers and other Portfolio Managers to develop portfolio strategy that is in line with the firm’s views. He oversees strategy implementation, working with research analysts and traders to generate trade ideas, hedge portfolios, and manage day-to-day risk. Prior to joining Guggenheim Partners, 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 refinancings across multiple industries. Mr. Bloch graduated from the University of Pennsylvania.

Steven Brown

Start Date

Tenure

Tenure Rank

Apr 30, 2016

6.09

6.1%

Steve Brown, Senior Managing Director and Portfolio Manager of Guggenheim Partners and Senior Managing Director and Portfolio Manager of Security Investors. He has co-managed Series E since 2016. Mr. Brown joined Guggenheim Investments in 2010 and is a Portfolio Manager for Guggenheim Partners' Active Fixed Income and Total Return mandates. He works with the Chief Investment Officers and other members of the Portfolio Management team to develop and execute portfolio strategy. Additionally, he works closely with the Sector Teams and Portfolio Construction Group. Prior to joining Portfolio Management in 2012, Brown worked in Guggenheim Partners' Asset Backed Securities group. His responsibilities on that team included trading and evaluating investment opportunities and monitoring credit performance. Prior to joining Guggenheim Partners in 2010, Mr. Brown held roles within structured products at ABN AMRO and Bank of America in Chicago and London. 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
0.08 33.43 6.77 1.16

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