1. Home
  2. Mutual Funds
  3. Accolades

Recognition of Fixed Income Excellence

We believe our industry recognitions are a result of our 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.
 

Barron's Award

Barron's Best Fund Families of 2023

Top ranking reflects stellar performance of firm’s flagship Total Return Bond Fund. Ranking based on one-year relative performance out of 49 fund families in the Taxable Bond category as of 12.31.2023.

Download Reprint

 

 

Thought Leadership

Award Winning Thought Leadership

Our award-winning fixed-income investment team reports on portfolio management and asset allocation strategies to navigate markets with the goal of maximizing risk-adjusted returns.1

Learn More and Subscribe

 

Morningstar

Highly Rated by Morningstar

Morningstar has also recognized our attractive long-term risk-adjusted results, with all our taxable fixed-income mutual funds rated 4 or 5 stars overall as of December 31, 2023.2

Download Ratings and Rankings


Morningstar Overall Star Ratings and Since Inception Rankings and Performance (12.31.2023)3

Total Return Bond Fund
(GIBIX)

Based on risk-adjusted returns out of 568 Intermediate Core-Plus Bond funds.

Top 2nd Percentile

Ranked 6 out of 336 Intermediate Core-Plus Bond funds. Institutional class based on total return.

Macro Opportunities Fund
(GIOIX)

Based on risk-adjusted returns out of 286 Nontraditional Bond funds.

Top 2nd Percentile

Ranked 2 out of 99 Nontraditional Bond funds. Institutional class based on total return.

Core Bond Fund1
(GIUSX)

Based on risk-adjusted returns out of 425 Intermediate Core Bond funds.

Top 1st Percentile

Ranked 3 out of 265 Intermediate Core Bond funds. Institutional class based on total return.

Floating Rate Strategies Fund
(GIFIX)

Based on risk-adjusted returns out of 224 Bank Loan funds.

Top 3rd Percentile

Ranked 5 out of 137 Bank Loan funds. Institutional class based on total return.

High Yield Fund
(SHYIX)

Based on risk-adjusted returns out of 618 High Yield Bond funds.

Top 7th Percentile

Ranked 18 out of 275 High Yield Bond funds. Institutional class based on total return.

Limited Duration Fund
(GILHX)

Based on risk-adjusted returns out of 535 Short-Term Bond funds.

Top 4th Percentile

Ranked 12 out of 344 Short-Term Bond funds. Institutional class based on total return.

Ultra Short Duration
(GIYIX)

Based on risk-adjusted returns out of 205 Ultrashort Bond funds.

Top 22nd Percentile

Ranked 23 out of 101 Ultrashort Bond funds. Institutional class based on total return.

Third-Party Recognition

In addition to the awards and accolades shown above, our investment team leaders are regularly featured guests of and contributors to leading financial media, including:


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.

Guggenheim Investments won the WealthManagement.com Industry Award for outstanding achievement in Thought Leadership Advisor Education at the magazine's September 8, 2022 annual award ceremony in New York. The WealthManagement.com Industry Awards honor outstanding achievements by companies, organizations and individuals that support financial advisor success. In 2022, nearly 1000 entries were received from more than 350 companies. At the awards ceremony, 105 awards were presented to 84 companies from a pool of 225 finalists. Guggenheim Investments won bronze award for Best White Paper in Financial Advisor IQ’s 2022 Financial Advisor Service Awards. The Financial Advisor IQ Service Awards are based on the votes of financial advisors who participated in a survey fielded by the magazine between April and June 2022.1 Guggenheim’s awards were in the mid-sized manager category. SURVEY RESULTS AND TESTIMONIALS MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CUSTOMERS AND ARE NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. The FA-IQ Service Awards are based on the votes of financial advisors who participated in a survey from April to June, 2022 and winners were announced on September 28, 2022. 742 advisors cast ballots. Respondents represented a cross-section of channels and practice sizes: 61 percent came from broker-dealers (including 40 percent from independent and regional BDs, 19 percent from wirehouses, and 2 percent from bank-based B-Ds). Another 32 percent of voters hail from independent RIAs, and 4 percent from insurance-linked brokerages. Managers were split in three categories: Large managers—those with $100 billion or more in mutual fund and/or ETF assets (32 managers in this group), Midsize managers—those with between $20 billion and $100 billion in mutual fund and/or ETF assets (51 managers in this group), and Boutique managers—those with at least $4 billion, but less than $20 billion in fund and/or ETF assets (60 managers in this group). In rating asset managers, advisors first identified the companies with which they work or have worked. Then advisors selected which product providers they considered excellent in each the large- mid- and boutique-sized cohorts. For recordkeepers and Erisa law firms, FA-IQ relied on votes from all advisors, but especially those with significant DC plan business. In all, 51 recordkeepers, 31 target-date fund providers and 40 law firms received votes. Ignites Research, an FA-IQ affiliate, compiled the votes and oversaw these awards.

2 As measured by institutional class only. Taxable fixed income funds only, which includes Guggenheim Macro Opportunities Fund GIOIX, Guggenheim Total Return Bond Fund – GIBIX, Guggenheim Core Bond Fund – GIUSX, Guggenheim Limited Duration Fund – GILHX, Guggenheim Ultra Short Duration Fund – GIYIX, Guggenheim Floating Rate Strategies Fund – GIFIX, Guggenheim High Yield Fund - SHYIX.

3 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.

Barron's Ranking Information: All mutual and exchange-traded funds are required to report their returns after fees are deducted, but Barron’s calculates returns before any 12b-1 fees are deducted, in order to measure manager skill (independent of expenses beyond annual management fees). Similarly, sales charges aren’t included in the calculation. Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and 1 the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, it boosts its overall ranking; poor performance in its biggest funds hurts its ranking. To be included, a firm must have at least 3 funds in the general equity category, 1 world equity, 1 mixed equity (such as a balanced or target-date fund), 2 taxable bond funds, and 1 national tax-exempt bond fund. Single-sector and country equity funds are factored into the rankings as general equity. All passive index funds are excluded, including pure index, enhanced index, and index-based, but actively managed ETFs and smart-beta ETFs (passively managed but created from active strategies) are included. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The category weightings for the 1-year results in 2023 were general equity, 37.7%; mixed asset, 22%; world equity, 16.1%; taxable bond, 20.1%; and tax-exempt bond, 4%. Then the numbers are then added for each category and overall. The shop with the highest total score wins. Copyright ©2024 Dow Jones & Company, All Rights Reserved.

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 4 stars for overall, 2 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 425, 425, 385, and 277 Intermediate Core Bond funds (Core Bond Fund), 5 stars for overall, 5 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 224, 224, 215, and 177 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 618, 618, 586 and 432 High Yield funds (High Yield Fund), 5 stars for overall, 4 stars for 3 years, 4 stars for 5 years, and 5 stars for 5 years among 535, 535, 495, and 357 Short-Term Bond funds (Limited Duration Fund), 4 stars for overall, 3 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 286, 286, 251, and 160 Nontraditional Bond funds (Macro Opportunities Fund), 4 stars for overall, 3 stars for 3 years, 3 stars for 5 years, and 5 stars for 10 years among 568, 568, 536, and 375 Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 4 stars for overall, 4 stars for 3 years, and 4 stars for 5 years among 205, 205, and 185 Ultrashort Bond funds (Ultra Short Duration Fund).

The Institutional Class for the 1-year period was ranked 24 out of 471 (8th percentile) Intermediate Core Bond funds (Core Bond Fund), 51 out of 237 (29th percentile) Bank Loan funds (Floating Rate Strategies Fund), 319 out of 670 (53rd percentile) High Yield funds (High Yield Fund), 34 out of 574 (8th percentile) Short-Term Bond funds (Limited Duration Fund), 51 out of 308 (19th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 59 out of 632 (12th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 11 out of 234 (7th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 3-year period was ranked 284 out of 425 (71st percentile) Intermediate Core Bond funds (Core Bond Fund), 21 out of 224 (10th percentile) Bank Loan funds (Floating Rate Strategies Fund), 182 out of 618 (30th percentile) High Yield funds (High Yield Fund), 59 out of 535 (15th percentile) Short-Term Bond funds (Limited Duration Fund), 112 out of 286 (44th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 270 out of 568 (59th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 27 out of 205 (19th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 5-year period was ranked 81 out of 385 (20th percentile) Intermediate Core Bond funds (Core Bond Fund), 46 out of 215 (25th percentile) Bank Loan funds (Floating Rate Strategies Fund), 225 out of 586 (43rd percentile) High Yield funds (High Yield Fund), 78 out of 495 (18th percentile) Short-Term Bond funds (Limited Duration Fund), 71 out of 251 (32nd percentile) Nontraditional Bond funds (Macro Opportunities Fund), 160 out of 536 (32nd percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 44 out of 184 (28th 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), 15 out of 177 (10th percentile) Bank Loan funds (Floating Rate Strategies Fund), 65 out of 432 (19th percentile) High Yield funds (High Yield Fund), 13 out of 357 (5th percentile) Short-Term Bond funds (Limited Duration Fund), 6 out of 160 (3rd percentile) Nontraditional Bond funds (Macro Opportunities Fund), and 9 out of 375 (4th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund).

©2024 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. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Investors in asset-backed securities, including mortgage-backed securities and collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, such as credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate.



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 Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors.

© Guggenheim Investments. All rights reserved.

Research our firm with FINRA Broker Check.

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

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.