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Barron's #1 Taxable Bond fund

 

GIOAX

Macro Opportunities

Price $24.09
Change ($0.02) / -0.08%
As of 4/18/24
 
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Prospectus
Summary Prospectus
Annual Report
 
Quarterly Commentary
Monthly Commentary
Fixed Income Funds at a Glance

Investment Strategy

Seeks to provide total return, comprised of current income and capital appreciation.

Fund Highlights and Applications

  • Unconstrained to a benchmark, the fund has the flexibility to invest across a broad array of fixed-income securities.
  • May opportunistically allocate to other asset classes to potentially enhance return and/or mitigate risk.
  • Access to Guggenheim’s unique fixed income process and philosophy founded on the principles of behavioral finance.

Distributions
Most Recent Income $0.118175
Dividend $0.118175
Most Recent Capital Gain $0.000000

Distribution Yields   Subscribe to Yield Update

Distribution Yield †
 5.81%
30-Day Subsidized SEC Yield ‡ 5.59%
30-Day Unsubsidized SEC Yield ‡ 5.58%

Fees and Expenses
Gross Expense Ratio 1.53%
Net Expense Ratio 1.47%  
Adjusted Expense Ratio 1.35% 

Overall Morningstar RatingTM*

as of 12/31/2023
(Based on risk-adjusted returns out of 286 Nontraditional Bond funds.)

Symbols & CUSIPs

Class Symbol CUSIP Inception
A GIOAX 40168W616 11/30/11
C GIOCX 40168W590 11/30/11
Institutional GIOIX 40168W582 11/30/11
P GIOPX 40169J804 5/1/15
R6 GIOSX 40168W111 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 The ICE Bank of America Merrill Lynch 3-Month U.S. Treasury Bill 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 12.31.2023, the A Class was rated, based on its risk-adjusted returns, 4 stars Overall, 3 stars for 3 years, 3 stars for 5 years, and 5 stars for 10 years among 286, 286, 251, and 160 Nontraditional 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 reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.00%. Effective 10/1/2015 the A-Class maximum front-end sales charge was changed from 4.75% to 4.00%. For performance periods that begin prior to 10/1/2015, a 4.75% load was used and for performance periods that begin after 10/1/2015, a 4.00% load was used. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase. For additional information, see the fund's prospectus.

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

†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.

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. • The intrinsic value of the underlying stocks in which the Fund invests may never be realized or the stock may decline in value. • When

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.

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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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