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Barron's #1 Taxable Bond fund

 

Investment Strategy

Seeks to provide a high level of income consistent with preservation of capital.

Fund Highlights and Applications

  • Actively managed fixed-income fund that seeks to maintain a relatively low duration profile while generating attractive income.
  • Multi-sector approach invests beyond government notes and takes advantage of our deep credit expertise within structured and corporate credit markets.
  • Team-based investment process focused on flexible asset allocation, disciplined risk management, income generation, and loss avoidance.

Distributions

Most Recent Income $0.086459
Dividend $0.086459
Most Recent Capital Gain $0.000000

Distribution Yields   Subscribe to Yield Update

Distribution Yield
4.59%
30-Day Subsidized SEC Yield 4.81%
30-Day Unsubsidized SEC Yield 4.81%

Fees and Expenses

Gross Expense Ratio 0.49%
Net Expense Ratio 0.46%  
Adjusted Expense Ratio 0.44% 

Overall Morningstar RatingTM*

as of 6/30/2024
(Based on risk-adjusted returns out of 522 Short-Term Bond funds.)

Symbols & CUSIPs

Class Symbol CUSIP Inception
A GILDX 40168W517 12/16/13
C GILFX 40168W491 12/16/13
Institutional GILHX 40168W483 12/16/13
P GILPX 40169J705 5/1/15
R6 GIKRX 40168W129 3/13/19

Investment Team

Anne Walsh
CIO GPIM

Steven Brown
CIO, Fixed Income

Adam Bloch
Portfolio Manager

Evan Serdensky
Portfolio Manager

Operations

Fund Type Fixed Income
Distribution Frequency Accrued Daily/Paid Monthly
Benchmark Bloomberg U.S. Aggregate Bond 1-3 Total Return Index
Telephone 800.820.0888
Trading Hours Phone: 9:30 AM - 4:00 PM ET
Web: 9:30 AM - 4:00 PM ET
Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut - off times for processing your transaction.
Investment Adviser Guggenheim Partners Investment Management, LLC
Distributor Guggenheim Funds Distributors, LLC

*As of 6.30.2024, the R6 Class was rated, based on its risk-adjusted returns, 5 stars Overall, 4 stars for 3 years, 5 stars for 5 years, and 5 stars for 10 years among 522, 522, 482, and 354 Short-Term Bond funds, respectively.

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 3-year. 5-year, and 10-year (if applicable) Morningstar Rating metrics.

©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. Past performance is no guarantee of future results.


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. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. Load performance shown reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 2.25%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase

1Duration is a measure of interest-rate sensitivity of a fixed income security based on an interest rate change of 1% or 100 basis.

2Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund.

SEC 30-day yield is a standard yield calculation developed by the SEC that allows for fairer comparisons of bond funds. It reflects dividends and interest ("income") earned during the most recent 30-day period after the deduction of the fund’s expenses and is calculated by dividing the income per share by the maximum offering share price on the last day of the period. Unsubsidized SEC 30-day yield is what the yield would have been had no fee waivers and/or expense reimbursement been in place.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends.

This Fund may not be suitable for all investors. • The Fund’s market value will change in response to interest rate changes and market conditions among other factors. In general, bond prices rise when interest rates fall and vice versa. • The Fund’s exposure to high yield securities may subject the Fund to greater volatility. • When market conditions are deemed appropriate, the Fund will leverage to the full extent permitted by its investment policies and restrictions and applicable law. Leveraging will exaggerate the effect on net asset value of any increase or decrease in the market value of the Fund’s portfolio. • The Fund may invest in derivative instruments, which may be more volatile and less liquid, increasing the risk of loss when compared to traditional securities. Certain of the derivative instruments are also subject to the risks of counterparty default and adverse tax treatment. • Instruments and strategies (such as borrowing transactions and reverse repurchase agreements) may provide leveraged exposure to a particular investment, which will magnify any gains or losses on those investments. • Investments in reverse repurchase agreements expose the Fund to the many of the same risks as investments in derivatives. • The Fund’s investments in other investment vehicles subject the Fund to those risks and expenses affecting the investment vehicle. • The Fund’s investments in foreign securities carry additional risks when compared to U.S. securities, due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risks). • Investments in syndicated bank loans generally offer a floating interest rate and involve special types of risks. • The Fund’s investments in municipal securities can be affected by events that affect the municipal bond market. • The Fund’s investments in real estate securities subject the Fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. • The Fund’s investments in restricted securities may involve financial and liquidity risk. • You may have a gain or loss when you sell your shares. • It is important to note that the Fund is not guaranteed by the U.S. government.• Please read the prospectus for more detailed information regarding these and other risks.

The Net Expense Ratio reflects a contractual fee waiver by the Adviser through February 1, 2025, to limit the ordinary operating expenses of the Fund.




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

© 2024 Guggenheim Investments. All Rights Reserved.

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

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