Morningstar

Guggenheim Ultra Short Duration A GIYAX

Morningstar Medalist Rating
Medalist Rating as of | See Guggenheim Investment Hub
  • NAV / 1-Day Return 10.01  /  −0.06 %
  • Total Assets 501.8 Mil
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.590%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.06%
  • Effective Duration 0.78 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis GIYAX

Will GIYAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GIYAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GIYAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GIYAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Guggenheim Ultra Short Duration A's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings GIYAX

More GIYAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Banks 5.18%

14.89 75.5 Mil
Cash and Equivalents

J.P. Morgan Securities Llc

5.64 28.6 Mil
—

BNP Paribas SA 5.31%

4.28 21.7 Mil
Corporate

Bofa Securities, Inc.

4.17 21.2 Mil
Corporate

Cash

2.06 10.5 Mil
Cash and Equivalents

BX COMMERCIAL MORTGAGE TRUST 7.101%

1.99 10.1 Mil
Securitized

F&G Global Funding 0.9%

1.91 9.7 Mil
Cash and Equivalents

NYMT LOAN TRUST 1.67%

1.31 6.6 Mil
Securitized

GOLUB CAPITAL PARTNERS CLO 49M-R LTD 7.074%

1.23 6.2 Mil
Securitized

OSAT TRUST 5.116%

1.18 6.0 Mil
Securitized

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