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GIYIX

Ultra Short Duration

Price $9.96
Change $0.00 / 0.00%
As of 7/16/19
 
Adam Bloch

Adam Bloch

Managing Director and Portfolio Manager

Investment Grade Approach to Ultra Short Duration

Investment Strategy

Seeks to provide a high level of income consistent with preservation of capital.

Fund Highlights and Applications

  • Seeks Attractive Yield and Capital Preservation. Actively managed approach that seeks to find a balance between yield and capital preservation.
  • Liquidity. The fund provides investors daily liquidity. There is no up-front sales charge, no redemption fees, and no minimum holding period.
  • Guggenheim’s Fixed Income Expertise. Access to Guggenheim’s unique capabilities, which combine in-depth macro research, intensive fundamental research and legal analysis, and rigorous risk management.

Distributions

Most Recent Income $0.023220
Dividend $0.023220
Most Recent Capital Gain $0.000000

Distribution Yields   Subscribe to Yield Update

Distribution Yield
3.04%
SEC 30 Day Yield 2.66%

Fees and Expenses

Gross Expense Ratio 0.45%
Net Expense Ratio 0.33%

Overall Morningstar RatingTM*

as of 3/31/2019
(Based on risk-adjusted returns out of 151 Ultrashort Bond funds.)

Symbols & CUSIPs

Class Symbol CUSIP Inception
A GIYAX 40169J549 11/30/18
Institutional GIYIX 40169J523 3/11/14

Investment Team

Scott Minerd
Chairman of Investments and Global Chief Investment Officer

Anne Walsh
Senior Managing Director and Chief Investment Officer, Fixed Income

Steven Brown
Senior Managing Director and Portfolio Manager

Kris Dorr
Managing Director and Portfolio Manager

Adam Bloch
Managing Director and Portfolio Manager

Operations

Fund Type Fixed Income
Distribution Frequency Accrued Daily/Paid Monthly
Benchmark Bloomberg Barclays Capital 1-3 Month U.S. Treasury Bill Index
Telephone 800.888.2461
Trading Hours Phone: 9:30 AM - 4:00 PM ET
Web: 9:30 AM - 4:00 PM ET
Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut - off times for processing your transaction.
Investment Adviser Guggenheim Partners Investment Management, LLC
Distributor Guggenheim Funds Distributors, LLC

*As of 3.31.2019, the Institutional Class was rated, based on its risk-adjusted returns, 4 stars Overall, 4 stars for 3 years, and 4 stars for 5 years among 151, 151, and 131 Ultrashort Bond funds, respectively.

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 3-year. 5-year, and 10-year (if applicable) Morningstar Rating metrics.

©2019 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. Past performance is no guarantee of future results.


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. The Guggenheim Ultra Short Duration Fund (the “Fund”) is newly organized. On 11.30.2018, the Guggenheim Strategy Fund I (the “Predecessor Fund”), which also was an investment company registered under the Investment Company Act of 1940, reorganized with and into the Fund, which has adopted the Predecessor Fund’s performance history. Accordingly, the performance information shown below for Institutional Class shares of the Fund reflects the performance of the Predecessor Fund and not of the Fund; however, the Predecessor Fund’s policies, guidelines and investment objectives were the same as the Fund’s in all material respects. The returns shown for the Predecessor Fund have been restated to reflect the fees and expenses applicable to the Institutional Class shares of the Fund, exclusive of any applicable expense limitation agreement.

The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund.

SEC 30-day yield is based on net investment income for the most recent 30-day period, is annualized and is divided by the offering price at month-end.

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.

The value of an investment in the Fund will fluctuate and is subject to investment risks, which means investors could lose money. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any governmental agency. The Fund is not a money market fund (or equivalent to a money market fund), does not attempt to maintain a stable net asset value, and is not subject to the rules that govern the quality, maturity, liquidity, and other features of securities that money market funds may purchase. Under normal conditions, the Fund’s investments may be more susceptible than a money market fund to interest rate risk, valuation risk, credit risk, and other risks relevant to the Fund’s investments.

This Fund may not be suitable for all investors. • The investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing the value of the Fund’s holdings and share price to decline. • Investors in asset- backed securities, including collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly. • Investments in loans involve special types of risks, including credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate. • High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. • The Fund’s use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if it had not been leveraged. The more a Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. • Foreign securities carry unique or additional risks when compared to U.S. securities, including currency fluctuations, adverse political and economic developments, unreliable or untimely information, less liquidity and more volatility, limited legal recourse and higher transactional costs, all of which are enhanced when investing in emerging markets. In addition, investments in emerging markets are subject to risks associated with trading in smaller markets, lower volumes of trading, and being subject to lower levels of government regulation and less extensive accounting, financial and other reporting requirements. • Please read the prospectus for more detailed information regarding these and other risks.

+ The Advisor has contractually agreed to waive fees and/or reimburse fund expenses until February 1, 2020 to limit the ordinary expenses of the fund. Read the prospectus for more information regarding fees and expenses.



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.

© 2019 Guggenheim Investments. All Rights Reserved.

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

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