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5-Star Overall Morningstar Ratings

  • Guggenheim Investments' flagship fixed income mutual funds have each received a 5‑Star Overall Morningstar Rating, as of September 30, 2016.
     
  • These funds' success stems from Guggenheim's innovative approach, that combines in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.

Overall Morningstar Rating

Based on risk-adjusted returns as of 9.30.2016 (Institutional Class)

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Total Return Bond Fund
(GIBIX)

5 Stars

Out of 956 Intermediate-Term Bond funds.


 

Macro Opportunities Fund (GIOIX)

5 Stars

Out of 261 Nontraditional Bond funds. 


 

Floating Rate Strategies Fund (GIFIX)

5 Stars

Out of 232 Bank Loan funds. 


 

Investment Grade Bond Fund (GIUSX)

5 Stars

Out of 956 Intermediate-Term Bond funds. 

High Yield
Fund
(SHYIX)

5 Stars

Out of 659 High Yield Bond funds. 

 

Morningstar Rankings and Ratings

(as of 9.30.2016)

Fund returns have been affected by market volatility and may be negative for some periods. View the most up-to-date standardized total returns.

Morningstar Ratings are based on risk-adjusted returns and Morningstar Rankings are based on average annual total return.


Floating Rate Strategies

Class Morningstar Category Overall Star Rating
Inst'l Bank Loan 5 Stars
Bank Loan 4 Stars
A Load Waived Bank Loan 5 Stars
C Bank Loan 5 Stars
P Bank Loan -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 61 (159 out of 260) 5 Stars
Percentile Rank: 2 (4 out of 232)
- -
A Percentile Rank: 69 (179 out of 260) 4 Stars
Percentile Rank: 5 (11 out of 232)
- -
A Load Waived Percentile Rank: 69 (179 out of 260) 5 Stars
Percentile Rank: 5 (11 out of 232)
- -
C Percentile Rank: 89 (233 out of 260) 5 Stars
Percentile Rank: 35 (81 out of 232)
- -
P Percentile Rank: 69 (181 out of 260) - - -

High Yield

Class Morningstar Category Overall Star Rating
Inst'l High Yield Bond 5 Stars
A High Yield Bond 3 Stars
A Load Waived High Yield Bond 4 Stars
C High Yield Bond 4 Stars
P High Yield Bond -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 17 (129 out of 765) 5 Stars
Percentile Rank: 3 (16 out of 659)
5 Stars
Percentile Rank: 3 (12 out of 524)
-
A Percentile Rank: 22 (166 out of 765) 4 Stars
Percentile Rank: 5 (30 out of 659)
4 Stars
Percentile Rank: 6 (29 out of 524)
3 Stars
Percentile Rank: 13 (49 out of 368)
A Load Waived Percentile Rank: 22 (166 out of 765) 5 Stars
Percentile Rank: 5 (30 out of 659)
5 Stars
Percentile Rank: 6 (29 out of 524)
4 Stars
Percentile Rank: 13 (49 out of 368)
C Percentile Rank: 44 (338 out of 765) 4 Stars
Percentile Rank: 19 (127 out of 659)
4 Stars
Percentile Rank: 16 (83 out of 524)
3 Stars
Percentile Rank: 43 (160 out of 368)
P Percentile Rank: 21 (160 out of 765) - - -

Investment Grade Bond

Class Morningstar Category Overall Star Rating
Inst'l Intermediate-Term Bond 5 Stars
A Intermediate-Term Bond 3 Stars
A Load Waived Intermediate-Term Bond 4 Stars
C Intermediate-Term Bond 3 Stars
P Intermediate-Term Bond -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 10 (104 out of 1069) 5 Stars
Percentile Rank: 1 (8 out of 956)
- -
A Percentile Rank: 14 (143 out of 1069) 4 Stars
Percentile Rank: 2 (15 out of 956)
4 Stars
Percentile Rank: 3 (22 out of 844)
2 Stars
Percentile Rank: 79 (478 out of 602)
A Load Waived Percentile Rank: 14 (143 out of 1069) 5 Stars
Percentile Rank: 2 (15 out of 956)
5 Stars
Percentile Rank: 3 (22 out of 844)
2 Stars
Percentile Rank: 79 (478 out of 602)
C Percentile Rank: 33 (353 out of 1069) 5 Stars
Percentile Rank: 7 (67 out of 956)
5 Stars
Percentile Rank: 16 (136 out of 844)
1 Stars
Percentile Rank: 91 (550 out of 602)
P Percentile Rank: 13 (141 out of 1069) - - -

Limited Duration

Class Morningstar Category Overall Star Rating
Inst'l  Short-Term Bond -
A Short-Term Bond -
A Load Waived Short-Term Bond -
C Short-Term Bond -
P Short-Term Bond -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 12 (68 out of 583) - - -
A Percentile Rank: 16 (95 out of 583) - - -
A Load Waived Percentile Rank: 16 (95 out of 583) - - -
C Percentile Rank: 34 (195 out of 583) - - -
P Percentile Rank: 16 (94 out of 583) - - -

Macro Opportunities

Class Morningstar Category Overall Star Rating
Inst'l Nontraditional Bond 5 Stars
A Nontraditional Bond 4 Stars
A Load Waived Nontraditional Bond 5 Stars
C Nontraditional Bond 4 Stars
P Nontraditional Bond -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 26 (108 out of 412) 5 Stars
Percentile Rank: 6 (16 out of 261)
- -
A Percentile Rank: 31 (129 out of 412) 4 Stars
Percentile Rank: 10 (27 out of 261)
- -
A Load Waived Percentile Rank: 31 (129 out of 412) 5 Stars
Percentile Rank: 10 (27 out of 261)
- -
C Percentile Rank: 37 (153 out of 412) 4 Stars
Percentile Rank: 18 (48 out of 261)
- -
P Percentile Rank: 29 (119 out of 412) - - -

Municipal Income

Class Morningstar Category Overall Star Rating
Inst'l Muni National Long 3 Stars
A Muni National Long 2 Stars
A Load Waived Muni National Long 3 Stars
C Muni National Long 1 Stars
P Muni National Long -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 79 (160 out of 202) 3 Stars
Percentile Rank: 36 (65 out of 181)
- -
A Percentile Rank: 85 (172 out of 202) 1 Stars
Percentile Rank: 48 (88 out of 181)
3 Stars
Percentile Rank: 18 (30 out of 169)
1 Stars
Percentile Rank: 94 
(132 out of 140)
A Load Waived Percentile Rank: 85 (172 out of 202) 3 Stars
Percentile Rank: 48 (88 out of 181)
3 Stars
Percentile Rank: 18 (30 out of 169)
2 Stars
Percentile Rank:
94 (132 out of 140)
C Percentile Rank: 94 (190 out of 202) 1 Stars
Percentile Rank: 83 (151 out of 181)
- -
P Percentile Rank: 83 (168 out of 202) - - -

Total Return Bond

Class Morningstar Category Overall Star Rating
Inst'l Intermediate-Term Bond 5 Stars
A Intermediate-Term Bond 4 Stars
A Load Waived Intermediate-Term Bond 5 Stars
C Intermediate-Term Bond 5 Stars
P Intermediate-Term Bond -
Class 1-Year 3-Year 5-Year 10-Year
Inst'l Percentile Rank: 5 (53 out of 1069) 5 Stars
Percentile Rank: 1 (5 out of 956)
- -
A Percentile Rank: 9 (97 out of 1069) 4 Stars
Percentile Rank: 1 (9 out of 956)
- -
A Load Waived Percentile Rank: 9 (97 out of 1069) 5 Stars
Percentile Rank: 1 (9 out of 956)
- -
C Percentile Rank: 24 (250 out of 1069) 5 Stars
Percentile Rank: 5 (42 out of 956)
- -
P Percentile Rank: 8 (83 out of 1069) - - -

Past performance is no guarantee of future results.

Source: Morningstar

The Overall Morningstar Rating for a Fund is derived from a weighted average of the performance figures associated with its three-, five-and ten year (if applicable) Morningstar Rating metrics. The rating includes effects of sales charges, loads and redemption fees, while the load waived rating does not. Load-waived rating should only be considered by investors who are not subject to a front-end sales charge. Load-waived A share star ratings are intended for those investors who have access to such purchase terms. Please read a current prospectus for more information. For each Fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance placing more emphasis on downward variations and rewarding consistent performance. With load ratings include the effect of sales charges, loads and redemption fees. Load waived ratings exclude sales charges, loads and redemption fees, and are only applicable to investors not subject to sales charges. The top 10% of funds in each 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. (Each A-Class share is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics. The Fund’s ratings reflects fee waivers in effect; in their absence, ratings may have been lower.

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. 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.

©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.

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.