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The Fund is no longer available due to its recent liquidation or reorganization, as applicable. FAQs

GUMNX

Market Neutral Real Estate

Price N/A
Change N/A / N/A
As of N/A
 

Investment Strategy

Seeks to provide capital appreciation, while limiting exposure to general stock market risk.

Fund Highlights and Applications

  • Seeks to deliver strong risk-adjusted absolute returns with low correlation to the overall market by purchasing long and selling short publicly-traded real estate investment trusts (REITs) and other real estate operating companies based in the U.S.
  • The Fund’s fundamental long-short market neutral strategy seeks to provide alpha¹ primarily through active stock selection and sector allocation while minimizing broad market impact.
  • The Fund seeks to provide investors diversification through an alternative investment strategy that may offer a unique source of return relative to traditional fixed income and equity strategies.

Distributions

Most Recent Income $0.725335
Dividend $0.725335
Most Recent Capital Gain $0.000000

Fees and Expenses

Gross Expense Ratio 1.62%
Net Expense Ratio 1.38%  

Symbols & CUSIPs

Class Symbol CUSIP Inception
A GUMAX 40169J689 2/26/16
C GUMCX 40169J721 2/26/16
Institutional GUMNX 40169J713 2/26/16
P GUMPX 40169J697 2/26/16

Investment Team

Burak Hurmeydan
Samir Sanghani

Operations

Fund Type Alternative
Distribution Frequency Annual (if applicable)
Benchmark The Bank of America Merrill Lynch 3 Month T-Bill Index
Telephone 800.820.0888
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
¹Alpha is a measure of the difference between a fund’s actual returns and its expected performance, given its level of risk as measured by beta (represents the systematic risk of a portfolio and measures its sensitivity to a benchmark).

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. Load performance shown 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 Fund may not be suitable for all investors. • Investing involves risk, including the possible loss of principal. • There are no assurance that any fund will achieve its objective and/or strategy. • The Fund’s investments in real estate securities subject the 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 Fund will leverage to the full extent permitted by its 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. • The Fund’s use of short selling involves increased risk and costs. The Fund risks paying more for a security than it received from its sale. • The Fund’s investments in other investment vehicles subject the Fund to those risks and expenses affecting the investment vehicle. • The Fund’s 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 risks). • The Fund may invest in derivative instruments, which may 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. • Investing in sector funds is more volatile than investing in broadly diversified funds, as there is a greater risk due to the concentration of the funds’ holdings in issuers of the same or similar offerings. • This fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of fund shares than would occur in a more diversified fund. • The Fund is subject to active trading risks that may increase volatility and impact its ability to achieve its investment objective. • You may have a gain or loss when you sell you shares. • Please read the prospectus for more detailed information regarding these and other risks.

The Advisor has contractually agreed to waive fees and expenses through February 1, 2025 to limit the ordinary operating expenses of the Fund. The Fund may have net expenses greater than the expense cap as a result of any acquired fund fees and expenses or other expenses that are excluded from the calculation. Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.




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 following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

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

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