Differentiated Approach

Our strength across actively-managed fixed-income strategies is a result of our time-tested investment process.
At Guggenheim, more than 160 fixed-income investment professionals work together across specialized teams
in an effort to deliver a predictable, scalable, repeatable process. LEARN MORE    


 


 


"Our fixed-income portfolios are managed by a systematic, disciplined investment process designed to mitigate behavioral bias 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."

Scott Minerd, Global Chief Investment Officer and Chairman of Investments

Strategies for a Low-Yield Environment

Morningstar Overall Star Ratings and 5-Year Rankings (9.30.2018)1

Institutional Class

Total Return Bond Fund

(GIBIX)

Based on risk-adjusted returns out of 902 Intermediate-Term Bond funds.

Top 1st Percentile
Ranked 3 out of 796 Intermediate-Term Bond funds.

Macro Opportunities Fund

(GIOIX)

Based on risk-adjusted returns out of 281 Nontraditional Bond funds.

Top 3rd Percentile
Ranked 4 out of 175 Nontraditional Bond funds.

Investment Grade Bond Fund

(GIUSX)

Based on risk-adjusted returns out of 902 Intermediate-Term Bond funds.

Top 1st Percentile
Ranked 6 out of 796 Intermediate-Term Bond funds.

High Yield Fund

(SHYIX)

Based on risk-adjusted returns out of 575 
High Yield Bond funds.

Top 5th Percentile
Ranked 22 out of 502 High Yield Bond funds.

Limited Duration Fund

(GILHX)

Based on risk-adjusted returns out of 447 
Short-Term Bond funds.

Top 6th Percentile
Ranked 24 out of 474 Short-Term Bond funds for 3 years.

Floating Rate Strategies Fund

(GIFIX)

Based on risk-adjusted returns out of 211
Bank Loan funds

Top 12th Percentile
Ranked 26 out of 184 Bank Loan funds.

13 years for GILHX. Past performance does not guarantee future returns. Overall Morningstar Ratings are based on risk-adjusted returns and Morningstar Rankings are based on average annual total return. The Institutional class for each fund was rated, based on its risk-adjusted returns, 5 stars for the overall, 3-year, and 5-year periods among 902, 902, and 796 Intermediate-Term Bond funds (Investment Grade Bond Fund and Total Return Bond Fund); 5 stars for the overall and 3-year periods among 474 and 474 Short-Term Bond funds (Limited Duration Fund); 5 stars for overall, 4 stars for 3 years, and 4 stars for 5 years among 592, 592, and 502 High Yield funds (High Yield Fund) and 281, 281, and 175 Nontraditional Bond funds (Macro Opportunities Fund); and 4 stars for overall, 3 stars for 3 years, and 5 stars for 5 years among 211, 211, and 184 Bank Loan funds (Floating Rate Strategies Fund). The Institutional Class for the 1-year period was ranked 145 out of 237 (57th percentile) Bank Loan funds (Floating Rate Strategies Fund), 366 out of 692 (56th percentile) High Yield Bond funds (High Yield Fund), 9 out of 1,039 (2nd percentile) Intermediate-Term Bond funds (Investment Grade Bond Fund), 21 out of 533 (5th percentile) Short- Term Bond funds (Limited Duration Fund), 57 out of 319 (21st percentile) Nontraditional Bond funds (Macro Opportunities Fund), and 13 out of 1,039 (2nd percentile) Intermediate-Term Bond funds (Total Return Bond Fund). The Institutional Class for the 3-year period was ranked 126 out of 211 (52nd percentile) Bank Loan funds (Floating Rate Strategies Fund), 92 out of 592 (18th percentile) High Yield Bond funds (High Yield Fund), 15 out of 902 (2nd percentile) Intermediate-Term Bond funds (Investment Grade Bond Fund), 34 out of 281 (15th percentile) Nontraditional Bond funds (Macro Opportunities Fund), and 14 out of 902 (2nd percentile) Intermediate-Term Bond funds (Total Return Bond Fund).


Past performance is no guarantee of future results.
 

Source: Morningstar

The Morningstar Rating for funds, or "star rating", is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Morningstar Rankings do not include the effect of a fund's sales load, if applicable. Other share classes may have different performance characteristics. Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category, which includes both mutual funds and ETFs.  Fund performance used within the rankings, reflects certain fee waivers, without which, returns and Morningstar rankings would have been lower. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Multiple share classes of a fund have a common portfolio but impose different expense structures.

©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary of Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, nor its content providers, are responsible for any damages or losses arising from any use of its information.

Source: Lipper, Inc. The Best Alternative Credit Focus Fund award is granted to the fund in the Alternative Credit Focus category with the highest Lipper Leader score for Consistent Return over the 3-year and 5-year periods as of 11.30 of the prior year. Lipper awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds’ historical risk-adjusted returns, relative to peers.

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Lipper, a wholly owned subsidiary of Thomson Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries and media organizations.

HFM U.S. Hedge Fund Performance Awards Winners of the HFM U.S. Hedge Fund Performance Awards were selected by a panel of judges and announced on October 19, 2017. The judges, who are investors and investment consultants, reviewed both quantitative and qualitative factors, including the pedigree of the managers, structural criteria and reputation with investors, and the last 12 months of returns and risk-adjusted performance ending June 20, 2017.

The Funds may not be suitable for all investors.  Investments in fixed-income securities are subject to the possibility that interest rates could rise, causing the value of the Funds’ securities and share price to decline. Fixed-income securities with longer durations are subject to more volatility than those with shorter durations.  High yield, below investment grade, and unrated debt securities are subject to greater volatility and risk of default than investment grade bonds and may be less liquid.  Some asset-backed securities, including mortgage-backed securities and CLOs, may have structures that make their reaction to interest rates and other factors difficult to predict, causing their prices to be volatile; and they are subject to interest rate, credit, liquidity, and valuation risks.  Loan investments are often below investment grade or unrated and subject to special types of risks, including credit, interest rate, counterparty, and prepayment risk.  The Funds’ use of leverage, through borrowings or instruments such as derivatives, may cause the Funds to be more volatile and riskier than if they had not been leveraged.  Please see the Funds’ prospectus for more information on these and other risks.

©2018 Guggenheim Investments. All Rights Reserved.

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

Read the fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and 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.

The referenced funds are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Guggenheim Partners Investment Management ("GPIM") and Security Investors, LLC ("SI"), the investment advisors to the referenced funds. Guggenheim Funds Distributors, LLC, is affiliated with Guggenheim, SI, and GPIM.

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