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Guggenheim Macro Opportunities Fund

GIOAX | GIOCX | GIOIX | GIOPX

 

2016 Lipper Fund Award

Best Alternative Credit Focus Fund

Macro Opportunities (GIOIX) 
3-year period among 129 funds

2015 Lipper Fund Award

Best Alternative Credit Focus Fund

Macro Opportunities (GIOIX) 
3-year period among 114 funds

Overall Morningstar Rating™

5-Star Morningstar Rating
Based on risk-adjusted returns out of 218 Nontraditional Bond funds. As of 11.30.2016 (Institutional Class).
 

An Unconstrained Fixed Income Strategy

To manage interest rate risk and generate attractive returns in the current yield environment, investors may need to take a more flexible approach to fixed income investing.

  • Access to Guggenheim’s unique capabilities that combine in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.
  • Unconstrained to a benchmark, the Fund has the flexibility to invest across a broad array of fixed income securities.
  • May opportunistically allocate to other asset classes to enhance return and/or mitigate risk.
 

Portfolio Management Team

  • B. Scott Minerd, Chairman of Investments and Global Chief Investment Officer
  • Anne B. Walsh, Senior Managing Director and Assistant Chief Investment Officer
  • Kevin H. Gundersen, Senior Managing Director and Portfolio Manager
  • James W. Michal, Managing Director and Portfolio Manager
  • Steven H. Brown, Managing Director and Portfolio Manager
  • Adam Bloch, 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

James Michal

Senior Managing Director and Portfolio Manager
 

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Past performance is no guarantee of future results.

The Macro Opportunities Fund Institutional Class was rated, based on its risk-adjusted returns, 5 stars for the overall, 5 stars for the 3-year, and 5 stars for the 5-year periods among 218, 218, and 152 Nontraditional Bond funds. As of 11.30.2016.

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.

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 $52.6 billion and $58 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 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 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.

©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.