Fund Evaluator:
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA (GULDX)
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Best Performing in Miscellaneous Fixed Income Over the Last Year
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| 4.7% | Western Asset SMASh Series C (LMLCX) |
Fund Details
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA Overview
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA (GULDX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. Guggenheim Investments launched the fund in 2024.
The investment seeks to provide total return, comprised of current income and capital appreciation. The fund managet intends to pursue its investment objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in debt securities. The manager employs a diversified, multi-sector strategy focused on under-researched areas of the fixed income universe, including sectors not included in benchmark indices, such as structured credit, non-index investment grade corporates, below investment grade corporates, and preferred stock.
About Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA (GULDX)
There are 4 members of the management team with an average tenure of 1.96 years: Anne Walsh (2024), Adam Bloch (2024), Steven Brown (2024), Evan Serdensky (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has 281 securities in its portfolio. The top 10 holdings constitute 17.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has 9.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 96.8% (87.6% domestic bond, 9.2% foreign bond and 0.0% convertible bond). Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $21 million in total assets, which is below the $734 million average for the Miscellaneous Fixed Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GULDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA expense ratio is low compared to funds in the Miscellaneous Fixed Income category. Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has an expense ratio of 0.02%, which is 93% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Miscellaneous Fixed Income category.
Recently, in the month of July 2026, Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA returned 0.6%, which earned it a grade of A, as the Miscellaneous Fixed Income category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA has a trailing yield of 5.29%, which is below the 5.98% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA Grades
Year to date, the fund has returned 2.3%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 5.2% over the past year (grade of C).
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GULDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GULDX Return (NAV) | 0.6% | 1.1% | 5.2% | na | na | na |
| GULDX Grade | A | A | C | na | na | na |
| +/- Category | 1.3% | 0.8% | -0.5% | na | na | na |
| Miscellaneous Fixed Income Avg | -0.7% | 0.3% | 5.7% | 6.7% | 1.7% | 3.0% |
| GULDX Tax Cost Ratio | na | na | 2.1% | na | na | na |
GULDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GULDX Return (NAV) | 2.3% | 6.2% | na | na | na | na | na | na | na | na | na |
| GULDX Grade | B | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.7% | -1.6% | na | na | na | na | na | na | na | na | na |
| Miscellaneous Fixed Income Avg | 1.5% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $21 Mil |
| Fund Total Assets: | $ 21 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 25% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Walsh Anne (2024), Bloch Adam (2024), Brown Steven (2024), Serdensky Evan (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 281 |
| % in Top 10 Holdings: | 17.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 9.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 87.6% |
| Foreign Bond: | 9.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Guggenheim Investments |
| Phone Number: | 800-820-0888 |
| Website: | www.guggenheiminvestments.com |
| Status: | Open |
| Inception Date: | August 14, 2024 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.02% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.29% |
| Share Class: | Gugg Actv Invmt Ser (GAINS)-Ltd Dur SMA |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
