Inverse High Yield Strategy

Price $63.41
Change $0.01 / 0.02%
As of 7/20/18
 
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Quarterly Holdings

3/31/18     12/31/17     9/30/17     6/30/17     
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. With Load performance reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.75%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends. The securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.

Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

This fund may not be suitable for all investors. •The use of derivatives such as futures, options and swap agreements will expose the fund to additional risks that they would not be subject to if it invested directly in the securities underlying those derivatives. •A highly liquid secondary market may not exist for the credit default swaps the fund invests in, and there can be no assurance that a highly liquid secondary market will develop. The fund’s market value will change in response to interest rate changes and market conditions among other factors. You may have a gain or loss when you sell your shares. •In general, bond prices rise when interest rates fall, and vice versa. The fund’s exposure to the high yield bond market may subject the fund to greater volatility because (i) the fund will be affected by the ability of high yield security issuers’ ability to make principal and interest payments and (ii) the prices of derivatives linked to high yield bonds may fluctuate unpredictably and not necessarily in relation to interest rates. •It is important to note that the fund is not guaranteed by the U.S. Government. •Investing in the Inverse High Yield Strategy Fund involves certain risks, which include volatility due to the Fund’s possible use of short sales of security and derivatives such as options and futures. •This fund is subject to active trading risks, which may increase volatility due to the funds’s ability to achieve its investment objective and may decrease the fund’s performance. •This fund is considered nondiversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund.



Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the 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.

Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investments Advisors, LLC ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisors to the referenced funds.

© 2018 Guggenheim Investments. All Rights Reserved.

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• Not FDIC Insured • No Bank Guarantee • May Lose Value

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.