Guggenheim Investment Grade Bond B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
2.2%
3 Yr Avg Return
4.4%
5 Yr Avg Return
4.6%
Net Assets
$138 M
Holdings in Top 10
14.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.53%
SALES FEES
Front Load N/A
Deferred Load 5.00%
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SUGBX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.82%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGuggenheim Investment Grade Bond Fund
-
Fund Family NameGuggenheim Investments
-
Inception DateOct 19, 1993
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerB. Scott Minerd
Fund Description
SUGBX - Performance
Return Ranking - Trailing
Period | SUGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | 2.2% | -9.8% | 7.5% | N/A |
3 Yr | 4.4%* | -4.2% | 4.7% | N/A |
5 Yr | 4.6%* | -8.5% | 23.6% | N/A |
10 Yr | 2.7%* | -7.3% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | SUGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 3.1% | N/A |
2022 | N/A | -5.1% | 25.1% | N/A |
2021 | N/A | -8.5% | 192.8% | N/A |
2020 | N/A | -33.0% | 3.0% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
Total Return Ranking - Trailing
Period | SUGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | -2.8% | -9.8% | 10.2% | N/A |
3 Yr | 3.5%* | -4.2% | 6.9% | N/A |
5 Yr | 4.3%* | -8.2% | 28.6% | N/A |
10 Yr | 2.7%* | -7.3% | 26.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SUGBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 7.9% | N/A |
2022 | N/A | -4.6% | 25.1% | N/A |
2021 | N/A | -4.1% | 204.3% | N/A |
2020 | N/A | -32.4% | 4.2% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
SUGBX - Holdings
Concentration Analysis
SUGBX | Category Low | Category High | SUGBX % Rank | |
---|---|---|---|---|
Net Assets | 138 M | 330 K | 229 B | N/A |
Number of Holdings | 256 | 3 | 17358 | N/A |
Net Assets in Top 10 | 20.5 M | -28.8 B | 32.2 B | N/A |
Weighting of Top 10 | 14.51% | 4.0% | 1674.7% | N/A |
Top 10 Holdings
- Guggenheim Strategy I Fd 2.48%
- Gcat Llc 2014-2 FRN 1.72%
- Willis Engine Securitization T 144A 5.5% 1.65%
- Lstar Secs Invest Tr 2014-1 CMO 1.48%
- Citigroup FRN 1.43%
- Northwoods Cap Viii Ltd 2007-8 FRN 1.38%
- Fifth Third Bancorp FRN 1.22%
- New Jersey St Transn Tr Fd Aut Transp 1.08%
- Jpmorgan Chase FRN 1.05%
- Aaset 2014-1 A 1.03%
Asset Allocation
Weighting | Return Low | Return High | SUGBX % Rank | |
---|---|---|---|---|
Bonds | 96.15% | 0.00% | 394.27% | N/A |
Cash | 7.06% | -539.21% | 70.47% | N/A |
Preferred Stocks | 3.14% | 0.00% | 20.33% | N/A |
Stocks | 0.79% | -3.42% | 96.77% | N/A |
Convertible Bonds | 0.00% | 0.00% | 18.42% | N/A |
Other | -7.13% | -98.58% | 236.55% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | SUGBX % Rank | |
---|---|---|---|---|
Financial Services | 0.87% | -0.01% | 19.01% | N/A |
Utilities | 0.00% | -0.05% | 8.49% | N/A |
Technology | 0.00% | -0.35% | 12.99% | N/A |
Real Estate | 0.00% | -0.04% | 11.09% | N/A |
Industrials | 0.00% | -0.15% | 12.95% | N/A |
Healthcare | 0.00% | -0.20% | 10.55% | N/A |
Energy | 0.00% | 0.00% | 11.26% | N/A |
Communication Services | 0.00% | -0.05% | 4.01% | N/A |
Consumer Defense | 0.00% | -0.18% | 10.56% | N/A |
Consumer Cyclical | 0.00% | -0.18% | 9.63% | N/A |
Basic Materials | 0.00% | 0.00% | 7.19% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SUGBX % Rank | |
---|---|---|---|---|
US | 0.79% | -4.95% | 59.49% | N/A |
Non US | 0.00% | -0.18% | 91.88% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | SUGBX % Rank | |
---|---|---|---|---|
Corporate | 44.53% | 0.00% | 127.23% | N/A |
Securitized | 39.42% | 0.00% | 103.00% | N/A |
Municipal | 9.17% | 0.00% | 102.07% | N/A |
Cash & Equivalents | 7.06% | -532.79% | 70.33% | N/A |
Government | 3.95% | -74.72% | 316.66% | N/A |
Derivative | 0.00% | -234.33% | 48.69% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | SUGBX % Rank | |
---|---|---|---|---|
US | 59.39% | 0.00% | 219.16% | N/A |
Non US | 36.76% | -41.14% | 244.34% | N/A |
SUGBX - Expenses
Operational Fees
SUGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.53% | 0.00% | 38.42% | N/A |
Management Fee | 0.50% | 0.00% | 2.15% | N/A |
12b-1 Fee | 1.00% | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.63% | N/A |
Sales Fees
SUGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | 5.00% | 0.15% | 5.50% | N/A |
Trading Fees
SUGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SUGBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 2337.00% | N/A |
SUGBX - Distributions
Dividend Yield Analysis
SUGBX | Category Low | Category High | SUGBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.86% | N/A |
Dividend Distribution Analysis
SUGBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
SUGBX | Category Low | Category High | SUGBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.82% | -2.82% | 7.22% | N/A |
Capital Gain Distribution Analysis
SUGBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 30, 2015 | $0.055 | |
May 29, 2015 | $0.045 | |
Apr 30, 2015 | $0.072 | |
Mar 31, 2015 | $0.046 | |
Feb 27, 2015 | $0.047 | |
Jan 30, 2015 | $0.108 | |
Dec 31, 2014 | $0.041 | |
Nov 28, 2014 | $0.036 | |
Oct 31, 2014 | $0.045 | |
Sep 30, 2014 | $0.046 | |
Aug 29, 2014 | $0.046 | |
Jul 31, 2014 | $0.042 | |
Jun 30, 2014 | $0.038 | |
May 30, 2014 | $0.043 | |
Apr 30, 2014 | $0.038 | |
Mar 31, 2014 | $0.079 |
SUGBX - Fund Manager Analysis
Managers
B. Scott Minerd
Start Date
Tenure
Tenure Rank
Aug 21, 2012
2.86
2.9%
Chairman of Investments and Global CIO, Managing Partner Mr. Minerd is Chairman of Investments and Global Chief Investment Officer at Guggenheim. Mr. Minerd guides the firm’s investment strategies and oversees client accounts across a broad range of fixed-income and equity securities. Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. In this position, he was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Prior to that, Mr. Minerd was Morgan Stanley’s London based European Capital Markets Products Trading and Risk Manager responsible for Eurobonds, Euro-MTNs, domestic European Bonds, FRNs, derivative securities and money market products in 12 European currencies and Asian markets. Mr. Minerd has also held capital markets positions with Merrill Lynch and Continental Bank. Prior to that, he was a Certified Public Accountant and worked for the public accounting firm of Price Waterhouse. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President and senior management at the bank about the current financial markets and ways the public and private sectors can better understand and mitigate systematic risks. Mr. Minerd also works with the Organization for Economic Cooperation and Development (OECD), advising on research and analysis of private sector infrastructure investment, and is a contributing member of the World Economic Forum (WEF). He is a regularly featured guest and contributor to leading financial media outlets, including The Wall Street Journal, The Financial Times, Bloomberg, and CNBC where he shares insights on today’s financial climate. Mr. Minerd holds a B.S. degree in Economics from the Wharton School, University of Pennsylvania, Philadelphia, and has completed graduate work at the University of Chicago Graduate School of Business and the Wharton School, University of Pennsylvania.
Anne Bookwalter Walsh
Start Date
Tenure
Tenure Rank
Aug 21, 2012
2.86
2.9%
Senior Managing Director, Assistant Chief Investment Officer, Fixed Income Ms. Walsh joined Guggenheim in 2007 and in her role as Assistant CIO-Fixed Income, she is head of the Portfolio Construction Group and Portfolio Management. She oversees more than $100 billion in fixed income investments including Agencies, Credit, Municipals, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Asset Backed Securities. In her role, she is responsible for portfolio design and strategy, sector allocation and risk management for client portfolios, and conveying Guggenheim’s macro-economic outlook to Portfolio Managers and fixed income Sector Specialists. Ms. Walsh specializes in liability driven portfolio management. With more than 30 years in the investment management industry, Ms. Walsh is well suited to understand the needs of clients and how to address them. Prior to joining Guggenheim, Ms. Walsh served as Chief Investment Officer at Reinsurance Group of America, Incorporated, a recognized leader in the global life reinsurance industry. Prior to joining RGA in 2000, Ms. Walsh served as Vice President and Senior Investment Consultant for Zurich Scudder Investments. Earlier, she held roles at Lincoln Investment Management and American Bankers Insurance Group. Ms. Walsh received her BSBA and MBA from Auburn University and her J.D. from the University of Miami School of Law. She has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.
James W. Michal
Start Date
Tenure
Tenure Rank
Aug 21, 2012
2.86
2.9%
James Michal, Vice President and Portfolio Manager of Guggenheim Investments. Mr. Michal joined Guggenheim in 2008 and he assists in the management of the firm’s portfolios dedicated to opportunistic strategies in structured finance. Mr. Michal is a Vice President and Co-Portfolio Manager for Guggenheim’s Structured Credit Opportunistic Mandates. Mr. Michal is responsible for the day-to-day risk monitoring of the assets and performs credit analysis and trade execution for new securities. Prior to joining Guggenheim, Mr. Michal was an Associate in Wachovia’s structured finance division. Mr. Michal successfully contributed to a total of 11 completed transactions raising approximately $4.3 billion of capital. Prior to his time in structured credit products, he was an Analyst in Wachovia's corporate credit division focusing on portfolio management and loan syndications. Mr. Michal earned a BSBA in Finance and International Business from Georgetown University.
Jeffrey B. Abrams
Start Date
Tenure
Tenure Rank
Aug 21, 2012
2.86
2.9%
Senior Managing Director, Portfolio Manager Mr. Abrams is a Senior Managing Director and portfolio manager in Guggenheim’s Corporate Credit Group, and has been with Guggenheim Partners since 2002. He is also a member of the Investment Committee overseeing Guggenheim’s corporate credit investing activities. Mr. Abrams’ prior roles at Guggenheim include covering the retail and consumer sectors as a senior analyst. He led an industry team focused on investing across the leveraged credit markets in a number of industries including financial institutions, retail, food and beverage and consumer products. Mr. Abrams has also focused on sourcing and structuring directly negotiated middle market debt investments. Prior to joining Guggenheim, Mr. Abrams worked in the Leveraged Finance Group at Bear Stearns where he focused on various leveraged debt transactions across multiple industries. Mr. Abrams received his B.A. in History and a BBA in Finance from Emory University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 30.51 | 6.95 | 7.12 |