Guggenheim Total Return Bond Fund
GIBIX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Nov 30, 2011
- CIK
- 0000088525
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Guggenheim Total Return Bond Fund (GIBIX) is an open-end mutual fund in the intermediate core-plus bond category that seeks total return through a combination of current income and capital appreciation. The fund invests at least 80% of its net assets in a diversified portfolio of debt securities, primarily investment-grade fixed income instruments including U.S. government bonds, corporate bonds, mortgage-backed securities (such as agency and non-agency residential mortgage-backed securities), asset-backed securities, and select debt from developed and emerging markets; it maintains moderate credit risk and interest rate sensitivity with a focus on high carry, shorter duration instruments, and selective allocations to higher quality credit sectors like short-maturity BB-rated high yield corporates and senior tranches within securitized credit. Offerings span multiple share classes, including Institutional (GIBIX), Class A (GIBAX), Class C (GIBCX), Class P (GIBLX), and R6 (GIBRX), each with varying expense ratios (net expense ratio of 0.54% for Institutional Class, reflecting a contractual fee waiver through February 1, 2026) and distribution yields around 5%, accrued daily and paid monthly against the Bloomberg U.S. Aggregate Bond Index benchmark. Managed by Guggenheim Partners Investment Management, LLC (investment adviser) and distributed by Guggenheim Funds Distributors, LLC, the fund operates primarily in the United States, targeting institutional and retail investors seeking fixed income exposure with enhanced yield potential. The portfolio management team comprises Anne Walsh (CIO, GPIM), Steven Brown (CIO, Fixed Income), Adam Bloch, and Evan Serdensky (recently added January 2023), leveraging extensive research across corporate credit, macro, rates, and structured credit. Launched on November 30, 2011, and headquartered in New York as part of Guggenheim Investments (an affiliate of Guggenheim Partners, LLC, with over $234 billion in assets managed), the fund emphasizes security selection, sector allocation, and quantitative models for credit, interest rate, and duration decisions. Recent performance highlights include a 4-star Morningstar rating for the Institutional Class as of September 30, 2025 (overall, 3-year, 5-year, and 10-year periods among peers), with Q3 2024 net return of +5.31% outperforming the benchmark, driven by active duration positioning and high yield corporate allocation; Q4 2024 saw a -2.39% net return but still beat the index by 0.67%, and Q2 2024 delivered +0.43% net with relative outperformance via non-agency RMBS/ABS overweight. Strategically, Guggenheim Investments completed the sale of its actively managed equity funds business to New Age Alpha in late 2024 (announced June 2024, closed Q4 2024, involving $2.6 billion in assets), sharpening focus on fixed income, alternatives, and insurance assets; in August 2025, the firm expanded its wealth channel with new talent hires and product innovations amid strong fixed income demand. The fund maintained a slight duration overweight into 2025, favoring front-to-intermediate curve positioning amid economic soft-landing signals and potential rate adjustments.