Guggenheim Investments, the global asset management and Investment
advisory business of Guggenheim Partners, has been ranked as
Barron’s top taxable fixed-income mutual fund family of 2020, out
of 53 companies. In its overall fund family rankings, which
includes four other asset classes including World Equity, U.S.
Equity, Mixed Equity and Municipal Bond, Barron’s ranked Guggenheim
Investments #2.1 The rankings recognize the performance of the
firm’s flagship Total Return Bond fund (GIBIX) and Macro
Opportunities fund (GIOIX).
Published by Dow Jones, Barron’s (www.barrons.com) is America’s
premier financial magazine. The Barron’s Fund Families Ranking
looks at the one-year relative performance of fund firms that offer
a diversified lineup of actively managed mutual funds and ETFs.
“On behalf of our clients and staff, we’re honored to be
recognized by Barron’s for our powerful investment performance in
2020,” said Guggenheim Chairman of Investments and Global Chief
Investment Officer Scott Minerd. “This recognition of our family of
mutual funds, particularly our fixed-income funds, is further
validation of our disciplined investment process, which draws on
the principles of behavioral finance to mitigate cognitive biases
and allows for better decision-making. This process encourages our
best research and ideas across specialized teams to be brought
together and expressed in actively managed portfolios.”
“The Barron’s rankings recognize the market leading performance
by our mutual fund family during an extraordinarily challenging
year,” said Jerry W. Miller, President of Guggenheim Investments.
“This outstanding recognition reflects our firm’s goal to provide
the industry’s top products and talent for both individual and
institutional clients. We look forward to continuing to deliver on
this commitment in 2021 and beyond.”In its rankings, Barron’s
highlighted Guggenheim Investments’ standout performance against
the volatile backdrop of 2020. “[T]he $25 billion Guggenheim Total
Return Bond fund (GIBIX) returned more than 15% in 2020, and beat
nearly all of its Lipper peers. Likewise, the $6 billion Guggenheim
Macro Opportunities fund (GIOIX) returned 11.6% to rank at the top
of its peer group…Guggenheim is adept at turning market
dislocations in its favor. It cleaned up after the 2008-09
financial crisis, and in 2014, following the taper tantrum, the
Total Return Bond fund returned 8.3%—outpacing most of its
peers.”2
The Guggenheim Total Return Bond Fund grew to over $23 billion
as of December 31, 2020. The fund’s Institutional Class has led all
its peers since its November 30, 2011, inception with a 6.39
percent annualized return, making it the top performing fund out of
355 competitors in the Morningstar Intermediate Core-Plus Bond
category over that period based on total return3. In 2020, the fund
returned 15.2 percent, more than doubling the Barclays U.S.
Aggregate Bond Index, which returned 7.5%. Guggenheim’s total fixed
income mutual fund assets totaled more than $37 billion as of
December 31, 2020, an increase of 46% since the end of 2019.
The Guggenheim Macro Opportunities Fund grew to over $5 billion
as of December 31, 2020. The fund’s Institutional Class has led all
its peers since its November 30, 2011 inception with a 5.80 percent
annualized return, making it the top performing fund out of 118
competitors in the Morningstar Nontraditional Bond category over
that period based on total returniii. In 2020, the fund returned
11.56 percent, more than 400 basis points better than the Barclays
U.S. Aggregate Bond Index, which returned 7.5%. Guggenheim’s total
fixed income mutual fund assets totaled more than $37 billion as of
December 31, 2020, an increase of 46% since the end of 2019.
To view the Barron’s story, please visit
https://webreprints.djreprints.com/57993.html
For additional information, please
visit www.guggenheiminvestments.com.
About Guggenheim Investments
Guggenheim Investments is the global asset management and
investment advisory division of Guggenheim Partners, with more than
$246 billion4 in total assets across fixed income, equity, and
alternative strategies. We focus on the return and risk needs of
insurance companies, corporate and public pension funds, sovereign
wealth funds, endowments and foundations, consultants, wealth
managers, and high-net-worth investors. Our 300+ investment
professionals perform rigorous research to understand market trends
and identify undervalued opportunities in areas that are often
complex and underfollowed. This approach to investment management
has enabled us to deliver innovative strategies providing
diversification opportunities and attractive long-term results.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm
with more than $310 billion5 in assets under management. Across our
three primary businesses of investment management, investment
banking, and insurance services, we have a track record of
delivering results through innovative solutions. With over 2,400
professionals based in offices around the world, our commitment is
to advance the strategic interests of our clients and to deliver
long-term results with excellence and integrity. We invite you to
learn more about our products, services, expertise, and values by
visiting GuggenheimPartners.com and following us on Twitter at
twitter.com/guggenheimptnrs.
Media ContactGerard CarneyGuggenheim
Partners917.703.6368Gerard.carney@GuggenheimPartners.com
Average Annual Total Returns (As of 12.31.2020)
Fund |
1 Year |
3 Years |
5 Years |
Since Fund Inception |
Gross Expense Ratio |
Net Expense Ratio6 |
Inception Date |
Guggenheim Total Return Bond Fund (GIBIX) |
15.24 |
% |
6.78 |
% |
6.61 |
% |
6.39 |
% |
0.57 |
% |
0.51 |
% |
11/30/2011 |
Guggenheim Macro Opportunities Fund (GIOIX) |
11.56 |
% |
4.67 |
% |
5.97 |
% |
5.80 |
% |
1.23 |
% |
1.05 |
% |
11/30/2011 |
Bloomberg Barclays U.S. Aggregate Bond Index |
7.51 |
% |
5.34 |
% |
4.44 |
% |
3.5 |
% |
|
|
|
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. Total returns reflect the
reinvestment of all dividends. Current performance may be lower or
higher than the performance data quoted. For up-to-date fund
performance, including performance current to the most recent
month-end, please visit our website at
www.GuggenheimInvestments.com.
This material is distributed or presented for
informational or educational purposes only and should not be
considered a recommendation of any particular security, strategy or
investment product, or as investing advice of any kind. This
material is not provided in a fiduciary capacity, may not be relied
upon for or in connection with the making of investment decisions,
and does not constitute a solicitation of an offer to buy or sell
securities. The content contained herein is not intended to be and
should not be construed as legal or tax advice and/or a legal
opinion. Always consult a financial, tax and/or legal professional
regarding your specific situation.
Investing involves risk, including the possible loss of
principal. Investments in fixed-income instruments
are subject to the possibility that interest rates could rise,
causing their values to decline. 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.
Investors in asset-backed securities, including mortgage-backed
securities and 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. CLOs bear similar risks to investing
in loans directly, such as credit, interest rate, counterparty,
prepayment, liquidity, and valuation risks. Loans are often below
investment grade, may be unrated, and typically offer a fixed or
floating interest rate.
Bloomberg Barclays U.S. Aggregate Bond Index is
a broad-based flagship benchmark that measures the investment
grade, U.S. dollar-denominated, fixed-rate taxable bond market,
including Treasuries, government-related and corporate securities,
MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS
(agency and non-agency).
Read a fund’s prospectus and summary prospectus (if
available) carefully before investing. It contains the fund’s
investment objectives, risks, charges, expenses and other
information, which should be considered carefully before investing.
Obtain a prospectus and summary prospectus (if available)
at GuggenheimInvestments.com or call
800.820.0888.
1 Past performance is no guarantee of future
results. In the overall Barron’s Top Fund Families
rankings for the period ending 12.31.2020, Guggenheim ranked 2 out
of 53 companies over the 1-year period; 18 out of 50 over the
5-year period; 29 out of 44 over the 10-year period; and 4 out of
55 in the World Equity category over the 1-year period, Copyright
©2021 Dow Jones & Company, All Rights Reserved. Barron's Fund
Family Rankings are calculated without the impact of expenses such
as 12b-1 fees, front-end loads or sales charges, which would reduce
returns. Each fund’s performance is measured against all of the
other funds in its Lipper category, with a percentile ranking of
100 being the highest and one the lowest. This result is then
weighted by asset size, relative to the fund family’s other assets
in its general classification. To be included in the ranking, a
firm must have at least three funds in the general equity category,
one world equity, one mixed equity (such as a balanced or
target-date fund), two taxable bond funds, and one national
tax-exempt bond fund. Single-sector and country equity funds are
factored into the rankings as general equity. All passive index
funds are excluded, such as pure index, enhanced index, and
index-based, but actively managed ETFs and smart-beta ETFs are
included. Finally, the score is multiplied by the weighting of its
general classification, as determined by the entire Lipper universe
of funds. Please see www.barrons.com for more information about the
rankings.2 Based on total return, GIBIX was ranked 4 out 368 funds
in the Lipper Multi-Sector Income category for 1 year, 17 out of
323 for 3 years, and 42 out of 298 for 5 years. GIOIX was ranked 1
out of 126 funds in the Lipper Alternative Credit Focus category
for 1 year, 22 out of 118 for 3 years, and 23 out of 110 for 5
years.3 As of 12.31.2020, GIBIX was ranked 29 out of 602, 41 out of
543, and 9 out of 464 funds in the Morningstar Core Plus Fixed
Income category for 1, 3, and 5-year periods based on total return.
GIOIX was ranked 14 out of 316, 54 out of 269, and 32 out of 240
funds in the Morningstar Core Plus Fixed Income category for 1, 3,
and 5-years. ©2020 Morningstar, Inc. All Rights Reserved. The
information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed;
and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar, nor its content providers, are responsible for
any damages or losses arising from any use of this information.iv
Assets under management as of 12.31.2020 and include leverage of
$13.7bn. Guggenheim Investments represents the following affiliated
investment management businesses of Guggenheim Partners, LLC:
Guggenheim Partners Investment Management, LLC, Security Investors,
LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds
Investment Advisors, LLC, Guggenheim Corporate Funding, LLC,
Guggenheim Partners Europe Limited, Guggenheim Partners Fund
Management (Europe) Limited, Guggenheim Partners Japan Limited, GS
GAMMA Advisors, LLC, and Guggenheim Partners India Management.v
Assets under management are as of 12.31.2020 and include consulting
services for clients whose assets are valued at approximately
$70bn.vi The advisor has contractually agreed to waive fees and
expenses through 2.1.2022 to limit the ordinary operating expenses
of the fund.