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  3. Ultra Short Duration

    Investment Objective

    Seeks to provide a high level of income consistent with preservation of capital.

    GIYIX | GIYAX


    Investment Management Team

    Scott Minerd
    Chairman of Investments and Global Chief Investment Officer

    Anne Walsh
    Senior Managing Director and Chief Investment Officer, Fixed Income

    Steven Brown
    Managing Director and Portfolio Manager

    Kris Dorr
    Managing Director and Portfolio Manager

    Adam Bloch
    Director and Portfolio Manager


    Investment Grade Approach to Ultra Short Duration

    Guggenheim believes there is an opportunity to capture attractive yield while limiting duration1 risk within a strategically constructed ultra-short duration portfolio. Guggenheim Ultra Short Duration Fund offers an investment grade approach seeking to maximize current income while preserving capital and providing daily liquidity.

    Discover Guggenheim Ultra Short Duration Fund

    • Seeks Attractive Yield and Capital Preservation. Actively managed approach that seeks to find a balance between yield and capital preservation.
    • Liquidity. The fund provides investors daily liquidity. There is no up-front sales charge, no redemption fees, and no minimum holding period.2
    • Guggenheim’s Fixed Income Expertise. Access to Guggenheim’s unique capabilities, which combine in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.

    Guggenheim Ultra Short Duration Fund (GIYIX)

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    Bloomberg Barclays 1–3 Month U.S. Treasury Bill Index

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    Cummulative
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    Click and Drag Mouse to Zoom

    Sector Allocation Comparison - Guggenheim Ultra Short Duration Fund vs Benchmark

    Click and Drag pip_handle.jpg to change time periods and view respective data

    DURATION
    (Years)
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    Correlation

    As of December 2016

    Correlation: A measurement between -1 and 1, which indicates the linear relationship between two variables. If there is no relationship between two variables, the correlation coefficient is 0. If there is a perfect relationship, the correlation is 1. And if there is a perfect inverse relationship, the correlation is -1.

    Duration is a measure of interest-rate sensitivity of a fixed-income security based on an interest rate change of 1% or 100 basis points.

    Weighted average effective duration of the securities comprising the fund portfolio or the index. Effective duration takes into account any embedded options (i.e., a put or a call) and reflects the expected change in future cash flows caused by the options in response to changing interest rates.

    Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.

    Sector Allocation Breakdown Over Time

    Hover mouse over chart for additional detail.

    Cash was set to zero for periods where the ending cash balance was negative due to traded but not settled trades.


    1 Duration is a measure of interest-rate sensitivity of a fixed income security based on an interest rate change of 1% or 100 basis

    2 If an exchange is made from an existing Guggenheim Fund that is currently under a 12-month CDSC period into Guggenheim Ultra Short Duration Fund, and liquidation takes place, then a possible 1% redemption fee may apply.

    Chart illustrates values of a hypothetical $10,000 investment made on the fund's inception date, plotted monthly, to the most recent year-end, with dividends and capital gains reinvested.

    Annualized Volatility: is measured by standard deviation, a statistical measure of the historical volatility of an investment, usually computed using 36 monthly returns.

    Standard Deviation: A statistical measure of the historical volatility of an investment, usually computed using 36 monthly returns.

    Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.

    Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. For standard performance and performance current to the most recent month end, click here.

    The Bloomberg Barclays Capital 1-3 Month U.S. Treasury Bill Index measures the performance of publicly issued investment grade corporate, U.S. Treasury and government agency securities with remaining maturities of one to three years.

    Index performance is for illustration purposes only and is not meant to represent any particular fund. Returns do not reflect any management fees, transaction costs or expenses. The index is unmanaged and not available for direct investment.

    Past performance is no guarantee of future results.

    This Fund may not be suitable for all investors. • The 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.

    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.

    The Advisor has contractually agreed to waive fees and/or reimburse fund expenses until February 1, 2020 to limit the ordinary expenses of the fund. Read the prospectus for more information regarding fees and expenses.

    ©2019 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.

    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.