Morningstar

Guggenheim Macro Opportunities Fund Class R6 GIOSX

Morningstar Medalist Rating
Medalist Rating as of | See Guggenheim Investment Hub
  • NAV / 1-Day Return 24.54  /  +0.12 %
  • Total Assets 9.3B
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.920%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2M
  • Status Open
  • TTM Yield 6.13%
  • Effective Duration 3.47 years

USD | NAV as of Jul 15, 2026 | 1-Day Return as of Jul 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis GIOSX

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

  • People Pillar

    The People Pillar is our evaluation of the GIOSX 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 GIOSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Guggenheim Macro Opportunities has further validated its approach.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

Former CIO Scott Minerd, who passed away in 2022, developed the fund's process. 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 GIOSX

More GIOSX 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 5%

7.77 846M
Securitized

Federal National Mortgage Association 5.5%

2.17 236M
Securitized

Federal National Mortgage Association 5%

2.00 217M
Securitized

Guggenheim Limited Duration R6

1.31 143M
—

Federal National Mortgage Association 3%

1.15 125M
Securitized

Macro Cfc

1.08 118M
—

Australia (Commonwealth of) 4.25%

1.04 113M
Government

Federal Home Loan Mortgage Corp. 5.5%

0.70 76M
Securitized

Federated Hermes US Treas Cash Res IS

0.67 72M
Cash and Equivalents

Federal National Mortgage Association 5.5%

0.56 61M
Securitized

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