GILDX: Guggenheim Limited Duration A

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GILDX Guggenheim Limited Duration A

  • Fund
  • GILDX
  • Price as of: Dec 12, 2019
  • $24.59
    - $0.03 - 0.12%

Profile

GILDX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $3.38 B
  • Holdings in Top 10 24.0%

52 WEEK LOW AND HIGH

$24.59
$24.58
$24.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Guggenheim Limited Duration Fund
  • Fund Family Name
    Guggenheim Investments
  • Inception Date
    Dec 16, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anne Bookwalter Walsh

Fund Description

The advisor intends to pursue its investment objective by investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in a diversified portfolio of debt securities, financial instruments that should perform similarly to debt securities and investment vehicles that provide exposure to debt securities, and debt-like securities, including individual securities, investment vehicles and derivatives giving exposure (i.e. similar economic characteristics) to fixed-income markets.


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Categories

Performance

GILDX - Performance

Return Ranking - Trailing

Period GILDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.6% 6.5% 95.45%
1 Yr -0.2% -8.9% 7.0% 95.39%
3 Yr -0.1%* -3.8% 4.5% 87.40%
5 Yr -0.2%* -20.2% 3.2% 64.17%
10 Yr N/A* -10.1% 2.9% N/A

* Annualized

Return Ranking - Calendar

Period GILDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.6% -4.1% 1.0% 22.66%
2017 0.5% -0.7% 2.8% 28.46%
2016 0.9% -65.8% 7.1% 33.61%
2015 -1.5% -7.0% 3.0% 51.75%
2014 -0.7% -6.9% 3.2% 46.73%

Total Return Ranking - Trailing

Period GILDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.6% 6.5% 95.45%
1 Yr -0.1% -8.9% 7.0% 96.05%
3 Yr 0.0%* -3.8% 4.5% 86.61%
5 Yr -0.1%* -18.5% 3.2% 64.17%
10 Yr N/A* -8.4% 3.2% N/A

* Annualized

Total Return Ranking - Calendar

Period GILDX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.6% -4.1% 3.2% 32.81%
2017 0.8% -0.7% 4.7% 36.59%
2016 0.9% -65.2% 8.4% 39.50%
2015 -1.5% -7.0% 3.1% 61.40%
2014 -0.6% -6.9% 3.6% 43.93%

NAV & Total Return History


Holdings

GILDX - Holdings

Concentration Analysis

GILDX Category Low Category High GILDX % Rank
Net Assets 3.38 B 272 K 61.5 B 27.33%
Number of Holdings 505 7 2023 45.63%
Net Assets in Top 10 839 M -5.43 M 5.5 B 22.50%
Weighting of Top 10 24.03% 6.2% 140.4% 53.13%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 7.58%
  2. United States Treasury Notes 1.5% 5.00%
  3. Japan (Government Of) 3.06%
  4. Japan (Government Of) 1.56%
  5. Bnp Paribas 1.52%
  6. Federative Republic Of Brazil 1.13%
  7. Societe Generale 1.05%
  8. Spain (Kingdom of) 0.75% 1.05%
  9. United States Treasury Notes 1.38% 1.05%
  10. Station Pl Securitization Tr Ser 2019-8 2.64% 1.02%

Asset Allocation

Weighting Return Low Return High GILDX % Rank
Bonds
94.83% 22.39% 137.59% 55.63%
Cash
3.95% -50.76% 77.61% 34.38%
Convertible Bonds
1.34% 0.00% 6.33% 42.50%
Stocks
0.00% -0.45% 7.88% 49.38%
Preferred Stocks
0.00% 0.00% 36.25% 51.88%
Other
-0.12% -0.12% 13.17% 97.50%

Bond Sector Breakdown

Weighting Return Low Return High GILDX % Rank
Securitized
42.58% 0.00% 67.02% 29.38%
Government
29.75% -11.82% 71.21% 20.00%
Corporate
24.16% 3.61% 104.45% 83.75%
Cash & Equivalents
3.57% -50.76% 77.61% 35.00%
Derivative
0.06% -0.18% 27.96% 15.00%
Municipal
0.00% 0.00% 13.45% 80.00%

Bond Geographic Breakdown

Weighting Return Low Return High GILDX % Rank
US
68.25% 0.00% 137.59% 74.38%
Non US
26.58% 0.00% 78.37% 11.25%

Expenses

GILDX - Expenses

Operational Fees

GILDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.02% 83.41% 57.24%
Management Fee 0.39% 0.00% 1.19% 54.66%
12b-1 Fee 0.25% 0.00% 1.00% 29.76%
Administrative Fee 0.10% 0.01% 0.41% 41.46%

Sales Fees

GILDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.75% 5.75% 45.45%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GILDX 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.

GILDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 0.00% 573.00% 50.99%

Distributions

GILDX - Distributions

Dividend Yield Analysis

GILDX Category Low Category High GILDX % Rank
Dividend Yield 0.66% 0.00% 3.24% 76.40%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GILDX Category Low Category High GILDX % Rank
Net Income Ratio 2.18% -2.82% 3.78% 69.08%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GILDX - Fund Manager Analysis

Managers

Anne Bookwalter Walsh


Start Date

Tenure

Tenure Rank

Dec 16, 2013

5.96

6.0%

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.

Steven H. Brown


Start Date

Tenure

Tenure Rank

Dec 16, 2013

5.96

6.0%

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.

Adam Bloch


Start Date

Tenure

Tenure Rank

Jan 30, 2017

2.83

2.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 23.5 5.18 2.83