Guggenheim Limited Duration Fund
Actively managed U.S. bond fund
As of its 2026 Q2 report, Guggenheim Limited Duration Fund held 855 positions with $5.79B in net assets. Its ten largest holdings made up 16.2% of the fund. The GILDX share class costs 0.72% a year. Over the 12 months to May 2026, GILDX returned 4.5%, with dividends reinvested. In 2026 Q2 it added 94 new positions and exited 77.
The Guggenheim Limited Duration Fund (the Fund) seeks to provide a high level of income consistent with preservation of capital.
The fund pursues high income through active management of a diversified fixed-income portfolio, selecting securities across corporate bonds, government debt, mortgage- and asset-backed securities, bank loans, and derivatives based on credit research and macroeconomic outlook. The fund maintains a dollar-weighted average duration generally under 3.5 years and may hold up to 35% in below-investment-grade securities and up to 35% in emerging-market or non-dollar-denominated debt. Because security selection depends on the Investment Manager's credit analysis and outlook, fund performance will diverge from any benchmark. The fund may use leverage through reverse repurchase agreements and may temporarily hold securities inconsistent with its principal strategy during adverse market conditions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
FEDERAL NATIONAL MORTGAGE ASSOCIATION 4.50% · due 2041-08-15 | 7.74% | $448.15M | — | — |
DTRXXDREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | 2.93% | $169.38M | — | — |
FEDERAL NATIONAL MORTGAGE ASSOCIATION 5.50% · due 2056-08-15 | 0.80% | $46.25M | — | — |
FEDERAL HOME LOAN MORTGAGE CORP 5.50% · due 2056-02-01 | 0.75% | $43.58M | — | — |
GOLUB CAPITAL PARTNERS CLO 54(M)-R 5.13% floating · due 2037-08-05 | 0.73% | $42.48M | — | — |
BOFA SECURITIES, INC. | 0.71% | $40.85M | — | — |
FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 5.00% · due 2055-07-25 | 0.70% | $40.34M | — | — |
NLT 2025-NQM1 TRUST 7.46% floating · due 2070-10-25 | 0.64% | $36.81M | — | — |
FEDERAL HOME LOAN MORTGAGE CORP 5.00% · due 2056-05-01 | 0.64% | $36.82M | — | — |
GIYIXGuggenheim Funds Trust | 0.62% | $35.73M | 3.6M | $10.06 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 855 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Securitized | 70.42% |
| Bonds | 28.51% |
| Cash & short-term | 5.17% |
| Loans | 4.63% |
| Stocks | 0.90% |
| Derivatives | -0.21% |
Look-through blends 1 underlying fund; 0.843% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
How it has done
GILDX share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.27%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.72% | +4.46% | +17.66% | +15.23% | -0.47% | |
| 1.47% | +3.69% | +15.03% | +10.97% | -0.53% | |
| 0.47% | +4.71% | +18.50% | +16.63% | -0.45% | |
| 0.42% | +4.76% | +18.67% | +16.80% | -0.44% | |
| 0.72% | +4.43% | +17.59% | +15.11% | -0.48% |
These classes hold the same portfolio, so the 5.84pp spread over 5 years is the cost difference between them — roughly 1.17pp a year — not a difference in what they own.
Fees & fund details
Guggenheim Limited Duration 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
- Short duration
- Expense ratio, by class
- 0.42% – 1.47%· GILDX 0.72%
- Portfolio turnover
- 49.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
94 new· the largest 6
77 exited· the largest 4
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 55.2% |
| Floating rate | 44.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.1% |
| 1-3y | 8.6% |
| 3-5y | 13.9% |
| 5-10y | 8.9% |
| 10y+ | 63.3% |
| Unknown | 0.4% |
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
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
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.
| Credit spreads | 61% |
| Interest rates | 39% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.92 yr |
| High yield | +0.24 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.07 yr | 4% |
| 1 yr | 1.53 yr | 76% |
| 5 yr | 0.39 yr | 20% |
| 10 yr | 0.01 yr | 0% |
| 30 yr | 0.01 yr | 1% |
| 3 mo | 0.16 yr | 5% |
| 1 yr | 1.08 yr | 34% |
| 5 yr | 1.69 yr | 54% |
| 10 yr | 0.23 yr | 7% |
| 30 yr | 0.01 yr | 0% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.07 | +0.13 | +0.03 | $73.0k | $18.3k |
| 1 yr | +1.53 | +1.01 | +0.06 | $586.4k | $36.5k |
| 5 yr | +0.39 | +1.57 | +0.12 | $906.1k | $71.4k |
| 10 yr | +0.01 | +0.21 | +0.01 | $123.2k | $7.5k |
| 30 yr | +0.01 | +0.00 | +0.00 | $2.0k | $2.7k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
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