GIBLX Fees and Costs — Guggenheim Total Return Bond Fund, Class P
Data updated: 2026-08-31
The net expense ratio is 0.77%: a 0.39% management fee, a 0.25% 12b-1 fee plus 0.25% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $91K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 49%.
GIBLX Fees and Expenses
Annual operating expenses and sales charges of GIBLX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GIBLX Costs Over Time
On $10,000 invested in GIBLX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
GIBLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0003%
- Total broker commissions: $91K
- Bought from dealers (principal trades, not a cost): $146.9B
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
GIBLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $84K | 91.54% |
| J.P. Morgan Securities PLC | $8K | 8.26% |
| Citigroup Global Markets Inc. | $183 | 0.20% |
GIBLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $46.4B | 32.93% |
| J.P. MORGAN SECURITIES LLC | $35.9B | 25.47% |
| MIZUHO SECURITIES USA LLC | $29.1B | 20.62% |
| BOFA SECURITIES, INC. | $11.6B | 8.24% |
| GOLDMAN SACHS & CO. LLC | $6.0B | 4.25% |
| Citigroup Global Markets Inc. | $3.3B | 2.33% |
| BARCLAYS CAPITAL INC. | $3.0B | 2.16% |
| BNP PARIBAS SECURITIES CORP. | $2.2B | 1.54% |
| WELLS FARGO SECURITIES, LLC | $1.8B | 1.25% |
| DEUTSCHE BANK SECURITIES INC. | $1.7B | 1.21% |
Guggenheim Total Return Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GIBRX | Class R6 | 0.42% | none |
| GIBIX | Institutional Class | 0.48% | none |
| GIBAX | Class A | 0.77% | 4.00% |
| GIBLX | Class P | 0.77% | none |
| GIBCX | Class C | 1.52% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.