December 12, 2018
Guggenheim Investments Announces Launch of Guggenheim Ultra Short Duration Fund
NEW YORK – Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, is pleased to announce the launch of Guggenheim Ultra Short Duration Fund.
“Our differentiated approach to fixed-income investment management has produced strong results for our clients over the long-term, and the Guggenheim Ultra Short Duration Fund is managed based on the firm’s team-based, collaborative approach, which is predictable, scalable, and repeatable,” said Guggenheim Chairman of Investments and Global CIO Scott Minerd, who oversees the management of $176 billion in fixed-income assets.
Guggenheim’s fixed-income portfolios are managed through a systematic, disciplined investment process, designed to mitigate behavioral biases and lead to better decision making. The elements of the investment management process are divided among four independent investment management teams. By making our investment process team-based, we slow down the decision-making process, and by slowing down the decision making, we make sure that every decision is thoughtful and minimizes biases.
“Our investment philosophy is based on our belief that capturing attractive yields across the fixed-income universe, while remaining focused on the preservation of capital, is the surest path to superior long-term investment results,” said Anne Walsh, CIO – Fixed Income. “Our investment approach emphasizes relative value analysis and rigorous research to manage risk and maximize risk-adjusted return potential.”
“We believe there is an opportunity to capture attractive yield, while limiting duration risks within a strategically constructed ultra-short duration portfolio,” said Douglas Mangini, Head of Intermediary Distribution. “The Guggenheim Ultra Short Duration Fund offers an investment grade approach seeking to maximize current income, while preserving capital and providing daily liquidity for advisors and their clients.”
Guggenheim Ultra Short Duration Fund offers an investment grade approach seeking to maximize current income, while preserving capital and providing daily liquidity. Therefore, the fund may be of interest to investors seeking attractive risk-adjusted returns. Ultrashort fixed-income securities are generally less sensitive to rising interest rates than longer-duration securities. Consequently, the fund’s ultrashort duration may benefit investors seeking preservation of capital and liquidity. Guggenheim Investments has a distinguished history of serving institutional and high-net worth investors. The fund offers investors access to Guggenheim’s recognized investment expertise.²
For more information, please visit www.guggenheiminvestments.com/fixed-income/ultra-short-duration.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $207 billion¹ in assets across fixed-income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
1Assets under management are as of 9.30.2018 and include leverage of $11.8bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
2 Lipper, Inc. Lipper Fund Awards for Macro Opportunities Fund 2015, 2016, 2017, and 2018. HFM U.S. Hedge Fund Performance Awards 2017 for Macro Opportunities. WealthManagement.com Awards for Guggenheim Investments 2017 and 2018 for Outstanding Achievement in Fixed Income, Asset Manager category.
The value of an investment in the Fund will fluctuate and is subject to investment risks, which means investors could lose money. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any governmental agency. The Fund is not a money market fund (or equivalent to a money market fund), does not attempt to maintain a stable net asset value, and is not subject to the rules that govern the quality, maturity, liquidity, and other features of securities that money market funds may purchase. Under normal conditions, the Fund’s investments may be more susceptible than a money market fund to interest rate risk, valuation risk, credit risk, and other risks relevant to the Fund’s investments.
Investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing the value of the Fund’s holdings and share price to decline. • Investors in asset-backed securities, including collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly. • Investments in loans involve special types of risks, including credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate. • High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. • The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if it had not been leveraged. The more a Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. • Foreign securities carry unique or additional risks when compared to U.S. securities, including currency fluctuations, adverse political and economic developments, unreliable or untimely information, less liquidity and more volatility, limited legal recourse and higher transactional costs, all of which are enhanced when investing in emerging markets. In addition, investments in emerging markets are subject to risks associated with trading in smaller markets, lower volumes of trading, and being subject to lower levels of government regulation and less extensive accounting, financial and other reporting requirements. Please read the prospectus for more detailed information regarding these and other risks.