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Awards and Accolades

Guggenheim employs a rigorous team-based approach to investing, founded on the principles of behavioral finance, which allows us to make better decisions and express our best ideas in actively managed fixed income portfolios. We believe that our disciplined investment process has resulted in a suite of award winning, actively managed fixed income portfolios.


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Guggenheim Macro Opportunities Fund

2022 Best Alternative Credit Focus Fund

10-year period among 32 funds

Wealth Management

Guggenheim Investments 2022

Thought Leadership Advisor Education


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Morningstar Overall Star Ratings and Since Inception Rankings and Performance (9.30.2023)

Total Return Bond Fund
(GIBIX)

Based on risk-adjusted returns out of 562 Intermediate Core-Plus Bond funds.

Top 2nd Percentile

Ranked 6 out of 334 Intermediate Core-Plus Bond funds. Institutional class based on total return.

Macro Opportunities Fund
(GIOIX)

Based on risk-adjusted returns out of 285 Nontraditional Bond funds.

Top 4th Percentile

Ranked 4 out of 99 Nontraditional Bond funds. Institutional class based on total return.

Core Bond Fund1
(GIUSX)

Based on risk-adjusted returns out of 420 Intermediate Core Bond funds.

Top 1st Percentile

Ranked 3 out of 267 Intermediate Core Bond funds. Institutional class based on total return.

Floating Rate Strategies Fund
(GIFIX)

Based on risk-adjusted returns out of 227 Bank Loan funds.

Top 3rd Percentile

Ranked 4 out of 137 Bank Loan funds. Institutional class based on total return.

High Yield Fund
(SHYIX)

Based on risk-adjusted returns out of 629 High Yield Bond funds.

Top 6th Percentile

Ranked 17 out of 275 High Yield Bond funds. Institutional class based on total return.

Limited Duration Fund
(GILHX)

Based on risk-adjusted returns out of 523 Short-Term Bond funds.

Top 3rd Percentile

Ranked 11 out of 346 Short-Term Bond funds. Institutional class based on total return.

Ultra Short Duration
(GIYIX)

Based on risk-adjusted returns out of 204 Ultrashort Bond funds.

Top 30th Percentile

Ranked 31 out of 101 Ultrashort Bond funds. Institutional class based on total return.

Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, click here.

1 Prior to 04.23.2021 the referenced fund was named the Guggenheim Investment Grade Bond Fund.

Refinitiv Lipper Fund Awards are granted annually to the fund in each Lipper classification that achieves the highest score for Consistent Return, a measure of its historical risk-adjusted returns, relative to peers. The Best Alternative Credit Focus Fund 10-year award is granted to the fund in the Alternative Credit Focus category with the highest Lipper Leader score for Consistent Return as of 11.30 of the prior year, among 32 funds for the 10-year period in 2021. Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license.

WealthManagement.com Industry Awards honor outstanding achievements by companies, organizations and individuals that support financial advisor success. Winners are determined for each category by a panel of independent judges based on quantitative measures of their initiatives—including scope, scale, adoption and feature set—along with qualitative measures such as innovation, creativity and new methods of delivery. Please visit www.wealthmanagement.com for more information. 

Morningstar Ratings and Rankings Information: 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 absolute and percentile ranks are based on average annual total return relative to all funds in the same Morningstar category, which includes both mutual funds and ETFs, and do not include the effect of sales charges. Absolute ranks are assigned in descending order for each fund in the category, with 1 being the top performing fund. Funds with the same performance figure are assigned the same absolute rank. Percentile ranks range from 1 (top 1%) to 100 (least favorable), with no minimum number of funds per category. For example, for a category containing three funds, the ranks would be 1, 50, and 100.

Overall Morningstar Star Ratings are based on risk-adjusted returns and Morningstar Rankings are based on average annual total return. Inception date of 7.11.2008 for SHYIX; 11.30.2011 for GIOIX, GIBIX, and GIFIX; 1.29.2013 for GIUSX; 12.16.2013 for GILHX; and 3.11.2014 for GIYIX. The Institutional class for each fund was rated 5 stars for overall, 4 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 420, 420, 383, and 277 Intermediate Core Bond funds (Core Bond Fund), 5 stars for overall, 4 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 227, 227, 217, and 167 Bank Loan funds (Floating Rate Strategies Fund), 4 stars for overall, 4 stars for 3 years, 3 stars for 5 years, and 4 stars for 10 years among 629, 629, 586 and 424 High Yield funds (High Yield Fund), 4 stars for overall, 4 stars for 3 years, and 4 stars for 5 years among 523, 523, and 482 Short-Term Bond funds (Limited Duration Fund), 4 stars for overall, 3 stars for 3 years, 3 stars for 5 years, and 5 stars for 10 years among 285, 285, 245, and 145 Nontraditional Bond funds (Macro Opportunities Fund), 4 stars for overall, 3 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 562, 562, 526, and 373 Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 3 stars for overall, 3 stars for 3 years, and 3 stars for 5 years among 204, 204, and 180 Ultrashort Bond funds (Ultra Short Duration Fund).

The Institutional Class for the 1-year period was ranked 51 out of 468 (17th percentile) Intermediate Core Bond funds (Core Bond Fund), 15 out of 239 (8th percentile) Bank Loan funds (Floating Rate Strategies Fund), 312 out of 683 (49th percentile) High Yield funds (High Yield Fund), 26 out of 571 (5th percentile) Short-Term Bond funds (Limited Duration Fund), 60 out of 318 (21st percentile) Nontraditional Bond funds (Macro Opportunities Fund), 177 out of 627 (34th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 14 out of 231 (9th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 3-year period was ranked 104 out of 420 (27th percentile) Intermediate Core Bond funds (Core Bond Fund), 25 out of 227 (11th percentile) Bank Loan funds (Floating Rate Strategies Fund), 181 out of 629 (30th percentile) High Yield funds (High Yield Fund), 88 out of 523 (20th percentile) Short-Term Bond funds (Limited Duration Fund), 76 out of 285 (35th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 187 out of 562 (40th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 63 out of 204 (32nd percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 5-year period was ranked 85 out of 383 (24th percentile) Intermediate Core Bond funds (Core Bond Fund), 23 out of 217 (13th percentile) Bank Loan funds (Floating Rate Strategies Fund), 201 out of 586 (39th percentile) High Yield funds (High Yield Fund), 68 out of 482 (17th percentile) Short-Term Bond funds (Limited Duration Fund), 70 out of 245 (37th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 154 out of 526 (31st percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 72 out of 180 (45th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 10-year period was ranked 3 out of 277 (2nd percentile) Intermediate Core Bond funds (Core Bond Fund), 9 out of 167 (6th percentile) Bank Loan funds (Floating Rate Strategies Fund), 38 out of 424 (12th percentile) High Yield funds (High Yield Fund), 7 out of 145 (6th percentile) Nontraditional Bond funds (Macro Opportunities Fund), and 8 out of 373 (4th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund).

©2023 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 a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the 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.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.

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