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 (12.31.2016)1

Institutional Class

Total Return Bond Fund

(GIBIX)

Based on risk-adjusted returns out of 869 Intermediate-Term Bond funds.

Top 1st Percentile
Ranked 1 out of 759 Intermediate-Term Bond funds.

Macro Opportunities Fund

(GIOIX)

Based on risk-adjusted returns out of 236 Nontraditional Bond funds.

Top 1st Percentile
Ranked 1 out of 157 Nontraditional Bond funds.

Floating Rate Strategies Fund

(GIFIX)

Based on risk-adjusted returns out of 208
Bank Loan funds

Top 3rd Percentile
Ranked 5 out of 157 Bank Loan funds.

Investment Grade Bond Fund

(GIUSX)

Based on risk-adjusted returns out of 869 Intermediate-Term Bond funds.

Top 2nd Percentile
Ranked 11 out of 869 Intermediate-Term Bond funds for 3 years.

High Yield Fund

(SHYIX)

Based on risk-adjusted returns out of 602 
High Yield Bond funds.

Top 2nd Percentile
Ranked 9 out of 477 High Yield Bond funds.

Limited Duration Fund

(GILHX)

Based on risk-adjusted returns out of 445 
Short-Term Bond funds.

Top 2nd Percentile
Ranked 7 out of 445 Short-Term Bond funds for 3 years.

1Overall 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 208, 208, and 157 Bank Loan funds (Floating Rate Strategies Fund), 602, 602, and 477 High Yield Bond funds (High Yield Fund), 236, 236, and 157 Nontraditional Bond funds (Macro Opportunities Fund), 869, 869, and 759 Intermediate-Term Bond funds (Total Return Bond Fund), 5 stars for the overall and 3-year periods among 869 and 869 Intermediate-Term Bond funds (Investment Grade Bond Fund) and 5 stars for the overall and 3-year periods among 445 and 445 Short-Term Bond funds (Limited Duration Fund)

The Institutional Class for the 1-year period was ranked 28 out of 985 (3rd percentile) Intermediate-Term Bond funds (Total Return Bond Fund), 42 out of 353 (12th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 164 out of 225 (73rd percentile) Bank Loan funds (Floating Rate Strategies Fund), 98 out of 985 (10th percentile) Intermediate-Term funds (Investment Grade Bond Fund), 53 out of 707 (8th percentile) High Yield Bond funds (High Yield Fund) and 46 out of 522 (9th percentile) Short-Term Bond funds (Limited Duration Fund). The Institutional Class for the 3-year period was ranked 5 out of 869 (1st percentile) Intermediate-Term Bond funds (Total Return Bond Fund), 13 out of 236 (6th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 8 out of 208 (4th percentile) Bank Loan funds (Floating Rate Strategies Fund), 11 out of 869 (2nd percentile) Intermediate-Term funds (Investment Grade Bond Fund), 28 out of 602 (5th percentile) High Yield Bond funds (High Yield Fund) and 7 out of 455 (2nd percentile) Limited Duration. The Institutional Class for the 5-year period was ranked 1 out of 759 (1st percentile) Intermediate-Term Bond funds (Total Return Bond Fund), 1 out of 157 (1st percentile) Nontraditional Bond funds (Macro Opportunities Fund), 5 out of 157 (3rd percentile) Bank Loan funds (Floating Rate Strategies Fund), and 9 out of 477 (2nd percentile) High Yield Bond funds (High Yield 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.

©2016 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 Fixed Income—Small Fund Group award is granted to the fund family with the lowest average decile ranking for Consistent Return over the 3-year period. To qualify, a fund family must have at least three fixed income funds and less than $58 billion and $52.6 billion in assets under management for 2014 and 2015, respectively. Guggenheim Funds ranked 1 out of 74 for 2015 and 1 out of 73 for 2014 eligible companies. The Best Loan Participation Fund and Best Alternative Credit Focus Fund awards are granted to the funds in the Loan Participation and Alternative Credit Focus Fund category with the highest Lipper Leader score for Consistent Return over the 3-year period as of 11.30.2015.Other share classes may have different performance and expense characteristics. 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.

From Thomson Reuters Lipper Awards, © 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

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.

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.

©2017 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.

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.