Guggenheim Core Bond Fund

Guggenheim Funds Trust · 4 share classes

Actively managed U.S. bond fund
One fund, 4 share classes:SIUSXSDICXGIUSXSIUPX
$2.89B NAV
1,099 positions · as of 2026-06-30 · filed 2026-08-31

Fund classification

Classified from what the fund holds · as of 2026 Q2

Guggenheim Core Bond Fund is an actively managed U.S. bond fund.

Asset class
Bonds
Region
United States
Management
Actively managed
Fund type
Open-end fund
Credit quality
Investment grade
Rate sensitivity
Intermediate duration

Fund profile

As filed in the prospectus · 2026 Q1

The Guggenheim Core Bond Fund (the Fund) seeks to provide current income.

Strategy · summarised

The fund pursues current income through active management of investment-grade fixed-income securities across diversified sectors, including corporate bonds, mortgage-backed securities, bank loans, and municipal bonds, with intensive credit research and tactical sector allocation to capitalize on relative value opportunities. The fund may invest up to 20% of assets in high-yield securities and employs derivatives and leverage to adjust duration, hedge risks, and enhance returns. Because security selection depends on the Investment Manager's credit analysis and macroeconomic outlook, fund performance will diverge from any benchmark.

Expenses
0.47% 1.51%across 5 share classes
Share classGrossNet
SIUSX0.87%0.76%
SDICX1.57%1.51%
GIUSX0.59%0.47%
C0001521030.59%0.47%
SIUPX0.85%0.76%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 53.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

107.25%
of net assets
Bonds55.27%
Securitized48.21%
Loans1.86%
Cash & short-term1.76%
2 smaller0.15%

These positions come to 107.25% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 118 new96 exited

Largest new: FEDERAL NATIONAL MORTGAGE ASSOCIATION ×4, UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×2, FEDERAL HOME LOAN MORTGAGE CORP ×2

Largest exited: Federal National Mortgage Association ×6, Government National Mortgage Association, United States Treasury Notes

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+4.54%+12.84%+0.80%3.56%-5.79%
+3.77%+10.46%-2.82%3.58%-6.12%
+4.85%+13.91%+2.30%3.52%-5.60%
+4.53%+12.82%+0.76%3.52%-5.79%

These classes hold the same portfolio, so the 5.11pp spread over 5 years is the cost difference between them — roughly 1.02pp a year — not a difference in what they own.

Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30

Avg coupon
4.41%
Avg maturity
18.01 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

21%
floating
Fixed rate76.7%
Floating rate20.8%
Zero-coupon or unclassified2.5%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1yUnknown
<1y0.9%
1-3y4.5%
3-5y8.5%
5-10y21.2%
10y+62.5%
Unknown2.4%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.

Interest-rate duration
6.05 yr
approx. move per 100bp
Credit-spread duration
4.12 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -10.0%
of value
Interest rates59%
Credit spreads41%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+4.12
yrs total
Investment grade+4.02 yr
High yield+0.10 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate6.05 yr total
3 mo30 yr
3 mo0.02 yr0%
1 yr0.88 yr15%
5 yr1.68 yr28%
10 yr2.47 yr41%
30 yr1.00 yr17%
Credit spread4.12 yr total
3 mo30 yr
3 mo0.13 yr3%
1 yr0.44 yr11%
5 yr1.38 yr33%
10 yr1.56 yr38%
30 yr0.61 yr15%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.02+0.12+0.00$35.5k$803
1 yr+0.88+0.44+0.01$125.9k$2.3k
5 yr+1.68+1.32+0.06$382.9k$16.6k
10 yr+2.47+1.55+0.02$447.1k$5.1k
30 yr+1.00+0.60+0.02$172.6k$4.4k

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
FEDERAL NATIONAL MORTGAGE ASSOCIATION3.00% · due 2056-08-153.23%$93.40M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.75% · due 2041-08-152.90%$83.76M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.25% · due 2031-04-152.86%$82.84M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.63% · due 2028-03-312.32%$67.22M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.00% · due 2032-07-312.21%$64.06M
FEDERAL NATIONAL MORTGAGE ASSOCIATION2.50% · due 2056-08-152.08%$60.14M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.88% · due 2035-07-151.85%$53.49M
FEDERAL HOME LOAN MORTGAGE CORP5.50% · due 2056-04-011.82%$52.75M
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT3.63% · due 2030-12-311.69%$48.82M
DREYFUS TREASURY SECURITIES CASH MANAGEMENT1.66%$48.08M
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Top 10 positions are 22.63% of net assets, top 25 38.95%, across 743 issuers.

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