Fund | Benchmark | |
---|---|---|
Weighted Average Life (WAL) to Worst | 3.9 | 4.1 |
Yield To Maturity | 7.7 | 7.5 |
Number of Holdings | 336 | 1,928 |
Average Price | $94.6 | $95.7 |
Weighted average life (WAL) to worst represents the weighted average number of years for which each dollar of unpaid principal on a fixed-income security remains outstanding. This calculation is made by making the worst-case scenario assumptions on the issue, assuming any prepayment, call, or sinking fund options are used by the issuer.
Modified Duration to Worst is the approximate percentage change in price for a hundred basis point change in yield assuming cash flows are fixed as rates change.
Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.
Average Price excludes zero coupon, interest only and principal only bonds, preferred securities not priced at 100 par, and other alternative sector buckets when applicable.
Fund | Benchmark | |
---|---|---|
BBB | 5.4% | N/A |
BB | 46.8% | 50.3% |
B | 36.5% | 36.1% |
CCC | 7.5% | 11.7% |
CC | 0.0% | 1.4% |
C | 0.0% | 0.3% |
D | 0.2% | 0.0% |
Not Rated | 0.3% | 0.1% |
Other | 0.3% | N/A |
Source: BlackRock Solutions and Bloomberg Barclays. The fund credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). All securities except for those labeled “Not Rated” or “Other Fixed Income” have been rated by a Nationally Recognized Statistical Rating Organization (“NRSRO”). For purposes of this presentation, when ratings are available from more than one NRSRO, the highest rating is used. Guggenheim Investments converts ratings to the equivalent S&P rating. The index uses the Barclays index methodology.
Unrated securities do not necessarily indicate low credit quality.
Other may include open and closed-end funds, equities, and derivatives.
Fund | Benchmark | ||
---|---|---|---|
Industrials | 82.8% | 85.2% | |
Consumer Cyclical | 17.4% | 20.3% | |
Communications | 12.3% | 14.6% | |
Consumer Non Cyclical | 12.0% | 11.5% | |
Capital Goods | 10.8% | 10.7% | |
Energy | 9.5% | 11.4% | |
Basic Industry | 8.5% | 5.8% | |
Technology | 7.2% | 7.3% | |
Other Industrial | 4.2% | 1.1% | |
Transportation | 0.9% | 2.6% | |
Financials | 12.8% | 11.9% | |
Brokerage/Asset Managers | 3.9% | 1.0% | |
Insurance | 3.5% | 2.9% | |
Finance Companies | 2.9% | 6.7% | |
Other Financial | 2.4% | 1.3% | |
Utilities | 1.0% | 2.8% | |
Electric | 1.0% | 2.8% | |
Other | 0.5% | 0.0% | |
Equity | 0.3% | N/A | |
Structured Credit | 0.2% | N/A | |
Net Short Term Investments | 2.9% | 0.0% |
Net Short Term Investments may include uninvested cash, net unsettled trades, money market funds, commercial paper, repos, reverse repos and other liquid short duration securities.
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 Wealth Solutions, 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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