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Morningstar

Guggenheim Ultra Short Duration A GIYAX

Morningstar Medalist Rating
Medalist Rating as of | See Guggenheim Investment Hub
  • NAV / 1-Day Return 9.92  /  +0.14 %
  • Total Assets 504.7 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 —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.72%
  • Effective Duration 0.87 years

USD | NAV as of May 31, 2024 | 1-Day Return as of May 31, 2024, 10:14 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.

Guggenheim Ultra Short Duration A earns a Morningstar Medalist Rating of Neutral with strength in areas such as People offset by weaker spots such as Process.

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-highest 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 13.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Banks 5.26%

21.91 109.2 Mil
Cash and Equivalents

Athene Global Funding 5.908%

2.21 11.0 Mil
Corporate

BX COMMERCIAL MORTGAGE TRUST 7.086%

2.02 10.1 Mil
Securitized

F&G Global Funding 0.9%

1.90 9.5 Mil
Corporate

Dreyfus Treasury Obligations Csh Mgt Ins

1.64 8.2 Mil
Cash and Equivalents

THL CREDIT LAKE SHORE MM CLO II LTD 7.059%

1.62 8.1 Mil
Securitized

NYMT LOAN TRUST 1.67%

1.32 6.6 Mil
Securitized

BRAVO RESIDENTIAL FUNDING TRUST 2021-C 1.62%

1.30 6.5 Mil
Securitized

GOLUB CAPITAL PARTNERS CLO 49M-R LTD 7.116%

1.26 6.3 Mil
Securitized

OSAT TRUST 2.116%

1.19 5.9 Mil
Securitized