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Barron's #1 Taxable Bond fund

 

GIBAX

Total Return Bond

Price $23.59
Change ($0.03) / -0.13%
As of 11/20/24
 
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Fixed Income Funds at a Glance

Portfolio

Portfolio Characteristics
  Fund Benchmark
Weighted Average Life (WAL) to Worst 7.9 8.4
Effective Duration 6.3 6.0
Yield To Maturity 6.0 4.7
Number of Holdings 1,685 28,401
Average Price $94.4 $91.6

Weighted average life (WAL) to worst represents the weighted average number of years for which each dollar of unpaid principal on a fixed-income security remains outstanding. This calculation is made by making the worst-case scenario assumptions on the issue, assuming any prepayment, call, or sinking fund options are used by the issuer.

Weighted average effective duration of the securities comprising the fund portfolio or the index. Effective duration takes into account any embedded options (i.e., a put or a call) and reflects the expected change in future cash flows caused by the options in response to changing interest rates.

Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.

Average Price excludes zero coupon, interest only and principal only bonds, preferred securities not priced at 100 par, and other alternative sector buckets when applicable.

SEC 30-day yield is based on net investment income for the most recent 30-day period, is annualized and is divided by the offering price at month-end.

Credit Quality
  Fund Benchmark
AAA/Govt./Cash 42.5% 73.3%
AA 7.3% 2.8%
A 16.8% 11.4%
BBB 19.3% 12.4%
BB 6.0% N/A
B 2.2% N/A
CCC 0.8% N/A
CC 1.0% N/A
C 0.1% N/A
Not Rated 3.2% 0.0%
Other 0.8% N/A

Source: BlackRock Solutions and Barclays. The fund credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). All securities except for those labeled “Not Rated” or “Other Fixed Income” have been rated by a Nationally Recognized Statistical Rating Organization (“NRSRO”). For purposes of this presentation, when ratings are available from more than one NRSRO, the highest rating is used. Guggenheim Investments converts ratings to the equivalent S&P rating. The index uses the Barclays index methodology.

Unrated securities do not necessarily indicate low credit quality.

Other may include open and closed-end funds, equities, and derivatives.

Sector Allocation
    Fund Benchmark
Government 43.4% 70.0%
  Agency Mortgage-Backed Securities 22.7% 25.3%
  U.S. Treasuries 19.9% 43.9%
  U.S. Agencies 0.8% 0.7%
Investment Grade Corporate 19.7% 24.4%
  Investment Grade Corporate Bonds 17.1% 24.4%
  Preferred Securities 2.6% 0.0%
Structured Credit 33.4% 1.8%
  Asset-Backed Securities 13.2% 0.5%
  Non-Agency Mortgage-Backed Securities 10.0% N/A
  Collateralized Loan Obligations 8.8% N/A
  Non-Agency Commercial Mortgage-Backed Securities 1.4% 1.3%
Below Investment Grade Corporate 10.2% 0.0%
  High Yield Corporate Bonds 6.5% 0.0%
  Bank Loans 3.6% N/A
Other 4.0% 3.8%
Net Short Term Investments -10.7% 0.0%

Other may include municipals, private placements, military housing bonds, foreign government and agencies, fixed-income funds, derivatives, equities and/or other miscellaneous fixed-income securities.

Net Short Term Investments may include uninvested cash, net unsettled trades, money market funds, commercial paper, repos, reverse repos and other liquid short duration securities.

Sector Allocation Comparison

Click and Drag  to change time periods and view respective data

DURATION
(Years)
0.00
Correlation

As of December 2016

Correlation: A measurement between -1 and 1, which indicates the linear relationship between two variables. If there is no relationship between two variables, the correlation coefficient is 0. If there is a perfect relationship, the correlation is 1. And if there is a perfect inverse relationship, the correlation is -1.

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

Weighted average effective duration of the securities comprising the fund portfolio or the index. Effective duration takes into account any embedded options (i.e., a put or a call) and reflects the expected change in future cash flows caused by the options in response to changing interest rates.

Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.

Sector Allocation Breakdown Over Time

Hover mouse over chart for additional detail.

Cash was set to zero for periods where the ending cash balance was negative due to traded but not settled trades.

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.

This Fund may not be suitable for all investors. • Investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing the value of the Fund’s holdings and share price to decline. • Investors in asset-backed securities, including 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. • 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. • The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if it had not been leveraged. The more a Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. • Investments in reverse repurchase agreements expose the Fund to many of the same risks as leveraged instruments, such as derivatives. • Investments in loans, including loan syndicates and other direct lending opportunities, involve special types of risks, including credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans may offer a fixed or floating interest rate and are often generally below investment grade and may be unrated. • You may have a gain or loss when you sell your shares. • Please read the prospectus for more detailed information regarding these and other risks.
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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 Wealth Solutions, 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.

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