Morningstar

Guggenheim Total Return Bond Fund Institutional Class GIBIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $22.75  /  −0.31 %
  • Fund Size $28.7B
  • Adjusted Expense Ratio 0.460%
  • Net Expense Ratio 0.480%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core-Plus Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $2M
  • Investment Status Open
  • TTM Yield 5.30%
  • Average Effective Duration 6.16 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis GIBIX

Will GIBIX 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 GIBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GIBIX 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 GIBIX’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
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Portfolio Holdings GIBIX

More GIBIX 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%

3.20 1B
Securitized

United States Treasury Notes 1.25%

2.59 925M
Government

Federal National Mortgage Association 2.5%

2.32 828M
Securitized

United States Treasury Notes 4%

1.49 530M
Government

United States Treasury Notes 1.875%

1.47 525M
Government

Federal National Mortgage Association 5.5%

1.46 519M
Securitized

United States Treasury Bonds 4.375%

1.31 467M
Government

Federal National Mortgage Association 5%

1.28 457M
Securitized

U.S. Treasury Bond Stripped Principal Payment

1.26 449M
Government

United States Treasury Bonds 1.75%

1.25 446M
Government

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