Morningstar

Guggenheim Total Return Bond Fund Class A GIBAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$22.90  /  −0.69%
  • Fund Size$28.4B
  • Adjusted Expense Ratio0.760%
  • Net Expense Ratio0.770%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryIntermediate Core-Plus Bond
  • Fixed-Income Style Box (Funds)Medium/Moderate
  • Minimum Initial Investment$2,500
  • Investment StatusOpen
  • TTM Yield4.90%
  • Average Effective Duration6.33 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis GIBAX

Will GIBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GIBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GIBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GIBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Guggenheim Total Return Bond has validated its approach.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

Former CIO Scott Minerd, who passed away in 2022, developed the approach. It’s a distinctive framework that draws on lessons from behavioral finance to decentralize decision-making among groups focused on macro research, sector research, portfolio construction, and portfolio management. Each group uses a deliberate, slowed-down process to avoid mistakes. This fund and its siblings have very strong records, including over the more than three years since Minerd’s passing.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings GIBAX

More GIBAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings—
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 3%

3.201B
Securitized

United States Treasury Notes 1.25%

2.59925M
Government

Federal National Mortgage Association 2.5%

2.32828M
Securitized

United States Treasury Notes 4%

1.49530M
Government

United States Treasury Notes 1.875%

1.47525M
Government

Federal National Mortgage Association 5.5%

1.46519M
Securitized

United States Treasury Bonds 4.375%

1.31467M
Government

Federal National Mortgage Association 5%

1.28457M
Securitized

U.S. Treasury Bond Stripped Principal Payment

1.26449M
Government

United States Treasury Bonds 1.75%

1.25446M
Government

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