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Guggenheim Total Return Bond Fund

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The Future of Core Fixed Income

Given the current interest rate environment, it may make sense to shift away from traditional core fixed income management to a more diversified, multi-sector approach. We believe this approach offers a more sustainable way to manage interest rate risk and generate attractive returns.

  • Access to Guggenheim’s unique capabilities that combine in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.
  • Diversified, multi-sector strategy investing primarily in investment-grade fixed income securities across multiple sectors.
  • Employs a more active approach, offering an opportunity to capitalize on changing relative values in fixed income securities/sectors.

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Ticker Magazine: Divide and Structure to Win - Guggenheim Fixed Income Funds

November 3, 2016

Traditionally, fixed-income investment organizations have relied on a single manager overseeing the whole decision-making cycle with the support of a research team. Guggenheim Investments has deconstructed this common execution model. Instead of using a centralized structure, Guggenheim’s fixed income group has four individual teams working together at macro research, sector, portfolio construction, and portfolio management levels.

Read More


Barron’s: Winning Teamwork

Barron’s: Winning Teamwork

March 21, 2016
Drawing on the strengths of four autonomous groups, the Guggenheim Total Return Bond Fund has outpaced most of its peers over the past three years.

Ticker Magazine: Buy to Own - Guggenheim Total Return Bond Fund (GIBIX)

Ticker Magazine: Buy to Own - Guggenheim Total Return Bond Fund (GIBIX)

January 29, 2016
Resourceful and organized investors can take advantage of the inefficient fixed-income market of $37 trillion. Anne Walsh explains how the portfolio team at Guggenheim Total Return Bond Fund looks for non-index securities that offer superior-return opportunity profiles, with one overriding theme of avoiding losses.

Portfolio Management Team

  • B. Scott Minerd, Chairman of Investments and Global Chief Investment Officer
  • Anne B. Walsh, Senior Managing Director and Assistant Chief Investment Officer
  • Jeffrey B. Abrams, Senior Managing Director and Portfolio Manager
  • James W. Michal, Managing Director and Portfolio Manager
  • Steven H. Brown, Managing Director and Portfolio Manager
  • Adam Bloch, Director and Portfolio Manager
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Anne Walsh

Senior Managing Director and Assistant Chief Investment Officer

Overall Morningstar Rating™

4 Stars
Based on risk-adjusted returns out of 858 Intermediate-Term Bond funds. As of 11.30.2016 (Institutional Class).
 
  

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Past performance is no guarantee of future results.

The Total Return Bond Fund Institutional Class was rated, based on its risk-adjusted returns, 5 stars for the overall, 5 stars for the 3-year, and 5 stars for the 5-year periods among 858, 858, and 755 Intermediate-Term Bond funds. As of 11.30.2016.

Source: Morningstar

The Morningstar Rating for funds, or "star rating", is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Morningstar Rankings do not include the effect of a fund's sales load, if applicable. Other share classes may have different performance characteristics. Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category, which includes both mutual funds and ETFs. Fund performance used within the rankings, reflects certain fee waivers, without which, returns and Morningstar rankings would have been lower. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Multiple share classes of a fund have a common portfolio but impose different expense structures.

©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary of Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, nor its content providers, are responsible for any damages or losses arising from any use of its information.

The Funds may not be suitable for all investors. Investments in fixed-income securities are subject to the possibility that interest rates could rise, causing the value of the Funds’ securities and share price to decline. Fixed-income securities with longer durations are subject to more volatility than those with shorter durations. High yield, below investment grade, and unrated debt securities are subject to greater volatility and risk of default than investment grade bonds and may be less liquid. Some asset-backed securities, including mortgage-backed securities and CLOs, may have structures that make their reaction to interest rates and other factors difficult to predict, causing their prices to be volatile; and they are subject to interest rate, credit, liquidity, and valuation risks. Loan investments are often below investment grade or unrated and subject to special types of risks, including credit, interest rate, counterparty, and prepayment risk. The Funds’ use of leverage, through borrowings or instruments such as derivatives, may cause the Funds to be more volatile and riskier than if they had not been leveraged. Please see the Funds’ prospectus for more information on these and other risks.

Read the fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available), click here or call 800.820.0888.

©2016 Guggenheim Investments. All Rights Reserved.

• Not FDIC Insured • No Bank Guarantee • May Lose Value

The referenced funds are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Guggenheim Partners Investment Management ("GPIM") and Security Investors, LLC ("SI"), the investment advisors to the referenced funds. Guggenheim Funds Distributors, LLC, is affiliated with Guggenheim, SI, and GPIM.