Guggenheim Total Return Bond Fund
Guggenheim Funds Trust · Series S000043991 · 5 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q1
The Guggenheim Total Return Bond Fund (the Fund) seeks to provide total return, comprised of current income and capital appreciation.
The fund pursues total return through active management of a diversified fixed-income portfolio, selecting securities across developed and emerging markets based on intensive credit research and macroeconomic outlook, with particular focus on under-researched sectors not included in benchmark indices. The fund may hold up to 33⅓% in below-investment-grade securities and employs leverage through reverse repurchase agreements and derivatives including swaps, futures, and forwards. Because security selection depends on the manager's credit analysis and tactical allocation decisions, fund returns will diverge from any fixed-income benchmark. The fund may temporarily depart from its principal strategies under adverse market conditions or in response to large redemptions.
| Share class | Gross | Net |
|---|---|---|
| GIBAX | 0.83% | 0.77% |
| GIBCX | 1.60% | 1.52% |
| GIBIX | 0.57% | 0.48% |
| GIBRX | 0.46% | 0.42% |
| GIBLX | 0.89% | 0.77% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 49.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Securitized | 53.08% |
| Bonds | 49.81% |
| Loans | 5.58% |
| Cash & short-term | 1.30% |
| Stocks | 0.82% |
| Derivatives | -0.15% |
Look-through blends 2 underlying funds; 0.272% 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.
Latest quarter
What changed since the fund's previous filing
Largest new: FEDERAL NATIONAL MORTGAGE ASSOCIATION ×5, UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT ×2, FEDERAL HOME LOAN MORTGAGE CORP
Largest exited: Federal National Mortgage Association ×6, Government National Mortgage Association, United States Treasury Notes
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +5.03% | +14.30% | +2.73% | 3.40% | -5.61% | |
| +4.23% | +11.70% | -1.09% | 3.50% | -6.01% | |
| +5.32% | +15.23% | +4.18% | 3.44% | -5.54% | |
| +5.38% | +15.38% | +4.35% | 3.45% | -5.48% | |
| +5.07% | +14.26% | +2.70% | 3.45% | -5.65% |
These classes hold the same portfolio, so the 5.44pp spread over 5 years is the cost difference between them — roughly 1.09pp a year — not a difference in what they own.
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
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 | 68.5% |
| Floating rate | 28.9% |
| Zero-coupon or unclassified | 2.5% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.0% |
| 1-3y | 2.7% |
| 3-5y | 9.2% |
| 5-10y | 20.6% |
| 10y+ | 64.0% |
| Unknown | 2.5% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
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.
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.
| Interest rates | 58% |
| Credit spreads | 42% |
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 | +3.91 yr |
| High yield | +0.45 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 | 0.01 yr | 0% |
| 1 yr | 0.89 yr | 15% |
| 5 yr | 1.56 yr | 26% |
| 10 yr | 2.58 yr | 42% |
| 30 yr | 1.02 yr | 17% |
| 3 mo | 0.16 yr | 4% |
| 1 yr | 0.57 yr | 13% |
| 5 yr | 1.52 yr | 35% |
| 10 yr | 1.45 yr | 33% |
| 30 yr | 0.66 yr | 15% |
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 | +0.01 | +0.12 | +0.03 | $396.4k | $104.1k |
| 1 yr | +0.89 | +0.50 | +0.07 | $1.62m | $214.1k |
| 5 yr | +1.56 | +1.29 | +0.23 | $4.16m | $738.6k |
| 10 yr | +2.58 | +1.39 | +0.06 | $4.47m | $187.1k |
| 30 yr | +1.02 | +0.60 | +0.06 | $1.94m | $195.9k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.07 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION3.00% · due 2056-08-15 | 3.54% | $1.14B | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.25% · due 2031-04-15 | 2.87% | $924.84M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION2.50% · due 2056-08-15 | 2.57% | $827.75M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.00% · due 2035-11-15 | 1.65% | $529.91M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.88% · due 2035-07-15 | 1.63% | $524.66M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION5.50% · due 2056-08-15 | 1.61% | $519.29M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT4.38% · due 2039-11-15 | 1.45% | $467.47M | — |
| — | FEDERAL NATIONAL MORTGAGE ASSOCIATION5.00% · due 2056-08-15 | 1.42% | $456.89M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT0.00% · due 2051-05-15 | 1.39% | $448.68M | — |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT1.75% · due 2041-08-15 | 1.39% | $446.31M | — |
Top 10 positions are 19.52% of net assets, top 25 30.89%, across 1.2K issuers.
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