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Guggenheim Limited Duration Fund

GILDX | GILFX | GILHX | GILPX

3 Years of Excellence

Guggenheim Investments is pleased to announce that Guggenheim Limited Duration Fund has received a 5-star overall rating from Morningstar at its earliest eligibility. Read Full Press Release


 

Guggenheim Limited Duration Fund (the “Fund”) invests in a diversified portfolio of fixed income securities, targeting a dollar-weighted average duration¹ of generally less than 3.5 years. The Fund’s limited duration, multi-credit approach seeks to provide a high level of income consistent with preservation of capital. In pursuit of its mandate, the fund will rely upon Guggenheim Investments’ research-intensive investment process that seeks to add value through superior sector allocation, security selection and risk management.

  • Mitigate Interest Rate Risk: Shorter-duration fixed income securities are generally less sensitive to rising interest rates than longer-duration securities. Consequently, the Fund’s limited duration may benefit investors seeking preservation of capital during periods of rising rates.
  • Yield and Diversification²: The Fund invests in a broad universe of fixed income securities in an attempt to maximize yield and diversification. Therefore, the fund may be of interest to investors seeking attractive risk-adjusted returns.
  • Guggenheim’s Fixed Income Expertise: 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.
 

Portfolio Management Team

  • Anne B. Walsh, Senior Managing Director and Assistant Chief Investment Officer
  • James W. Michal, Managing Director and Portfolio Manager
  • Steven H. Brown, Director and Portfolio Manager

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Ticker Magazine: Divide and Structure to Win - Guggenheim Fixed Income Funds

November 3, 2016

Traditionally, fixed-income investment organizations have relied on a single manager overseeing the whole decision-making cycle with the support of a research team. Guggenheim Investments has deconstructed this common execution model. Instead of using a centralized structure, Guggenheim’s fixed income group has four individual teams working together at macro research, sector, portfolio construction, and portfolio management levels.

Read More

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S&P Global Market Intelligence: Q&A Guggenheim Limited Duration Fund

August 19, 2016

Guggenheim portfolio manager, researcher share fixed-income investment trends.

Read More

Performance displayed represents past performance, which is no guarantee of future results. Investment return 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. Yields & Performance.

Steven H. Brown, CFA

Managing Director and Portfolio Manager
 
   

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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.

² Diversification neither assures a profit nor eliminates the risk of experiencing investment losses

Past performance is no guarantee of future results.

The Guggenheim Limited Duration Fund Institutional Class was rated, based on its risk-adjusted returns, 5 stars for the overall and 3-year periods among 445 and 445 Short-Term Bond funds. As of 12.31.2016.

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.

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.

©2016 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.