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Active Fixed Income



Our Fixed-Income Investment Philosophy, Process, and Teams

Guggenheim’s fixed-income portfolios are managed by a systematic, disciplined investment process designed to mitigate behavioral biases and lead to better decision-making. Our investment process is structured to allow our best research and ideas across specialized teams to be brought together and expressed in actively managed portfolios.
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Our Philosphy

Our Differentiated Approach to Fixed-Income Portfolios

We disaggregated fixed-income investment management into four primary and independent functions that work together to deliver a predictable, scalable, and repeatable process. Learn more

Active ETFs: The Benefits of ETFs Combined with Active Management

An actively managed ETF combines the benefits of the ETF structure with the dynamics of an actively managed strategy. The result is a transparent, diversified, and liquid investment product blended with portfolio management expertise. An active ETF doesn't just seek to match its benchmark—it strives to outperform it while also seeking to mitigate risk.

Guggenheim Ultra Short Duration ETF (GSY)

Guggenheim Enhanced Short Duration ETF (GSY) seeks maximum current income, consistent with preservation of capital and daily liquidity. GSY holds a diversified portfolio of varying maturities, with an average duration of less than one year.

Fund Highlights and Applications

  • Actively managed approach may offer enhanced yield opportunities within a risk-managed approach.
  • Can be used for tactical cash positions to deliver potentially greater return than cash as well as liquidity for non-immediate needs.
  • May provide flexibility to invest in floating rate securities, which re-set based on current interest rates, strategically positioning the fund for a changing interest rate environment.

Guggenheim Ultra Short Duration ETF

Prior to June 30, 2017, the fund was named the Guggenheim Enhanced Short Duration ETF.

Guggenheim Total Return Bond ETF (GTO)

Guggenheim Total Return Bond ETF (GTO) is a portfolio of primarily investment grade fixed-income securities that is actively managed to seek maximum total return.

Fund Highlights and Applications

  • Access to Guggenheim’s unique and award-winning capabilities¹ that combine in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.
  • Multi-sector strategy investing primarily in investment-grade fixed income securities across multiple sectors.
  • An active approach offering the opportunity to capitalize on changing relative values in fixed-income securities/sectors.

Guggenheim Total Return Bond ETF Fact Sheet

Advisor Only Webcasts & Conference Calls

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Call our Guggenheim ETF Knowledge Center at 888.WHY-ETFS or 888.949.3837

Past performance is no guarantee of future results.

The Funds may not be suitable for all investors. • The Funds' market value will change in response to interest rate changes and market conditions, among other factors. In general, bond prices rise when interest rates fall and vice versa. • You may have a gain or loss when you sell your shares. • It is important to note that the Funds are not guaranteed by the U.S. government. • The Funds may have exposure to high yield securities, municipal securities, floating rate securities, foreign securities, derivative instruments, real estate, commodity markets and other fixed income securities. • Exposure to high yield securities may subject a Fund to greater volatility. • Investments in municipal securities can be affected by events that affect the municipal bond market. • Investments in syndicated bank loans generally offer a floating interest rate and involve special types of risks. • Investments in foreign securities carry additional risks when compared to U.S. securities due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risk). • Investments in derivative instruments can be more volatile and less liquid, increasing the risk of loss when compared to traditional securities. Certain of the derivative instruments are also subject to the risks of counterparty default and adverse tax treatment. • Investments in real estate securities subjects a Fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. • When market conditions are deemed appropriate, the Funds may use leverage to the full extent permitted by their investment policies and restrictions and applicable law. Leveraging will exaggerate the effect on net asset value of any increase or decrease in the market value of the Fund‘s portfolio. • Please see each Fund’s prospectus for more information on these and other risks.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.

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• Not FDIC Insured • No Bank Guarantee • May Lose Value

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.