Investment Strategy

The objective of the Guggenheim Core Plus CIT (the "Fund") is to maximize risk adjusted return over the benchmark over a full market cycle.

Fund Highlights and Applications

Guggenheim Investments' ("Guggenheim") unique approach to managing core plus fixed income portfolios incorporates:

  • Active management employing opportunistic positioning at the sector and security level with an emphasis on relative value, rather than index weightings.
  • Bottom-up and top-down portfolio construction, blending rigorous security research and Guggenheim’s macro views to capitalize on changing relative values in various fixed income sectors.
  • Focus on under-researched areas of the fixed income universe, including sectors not included in benchmark indices.
  • Utilization of qualitative and quantitative tools to understand portfolio risks and opportunities.

Investment Team

Anne Walsh
CIO GPIM

Steven Brown
CIO, Fixed Income

Adam Bloch
Portfolio Manager

Evan
Serdensky
Portfolio Manager

Trust Information

Fund Inception Date: 03/01/2020
R Class Inception Date: 4/18/2022
Total Fund Assets: $573 million1
Liquidity: 1 business day's notice for less than 25% of Units at the participating plan level2
R Class Annual Fee: 0.39%
Maximum Allocations:
Below Investment Grade: 35%
Preferred: 10%
Municipal: 20%
Single Issuer: 5%
Benchmark: Bloomberg U.S. Aggregate Index
Trustee: Global Trust Company (GTC)
Investment Adviser Guggenheim Partners Investment Management, LLC

FOR INSTITUTIONAL USE ONLY. NOT FOR USE WITH RETAIL INVESTORS.

1As of 3.31.2023. 2It is expected that each Participating Plan will provide prior written notice of its intent to redeem units of a) 1 Business Day to redeem less than 25% of Units, b) 5 Business Days to redeem more than 25% but less than 100% of Units, and c) 7 Business Days to redeem 100% of Units.

The Guggenheim Core Plus CIT is a bank-sponsored collective investment trust ("CIT") and not a mutual fund. Global Trust Company (“GTC”) is Trustee and established and maintains the CIT. Guggenheim Partners Investment Management, LLC (“GPIM”) has been retained by GTC to provide investment advice and services. The CIT is not FDIC insured or registered with the Securities and Exchange Commission. This does not constitute an offer or solicitation of any security or product, nor constitute a recommendation of the suitability of any investment strategy for a particular investor. Material presented is prepared from information sources believed to be accurate, but there is no guarantee of accuracy.

Information presented herein is intended to supplement discussions between GPIM and tax-qualified retirement, pension, profit-sharing, stock bonus, and other employee benefit trusts and certain eligible governmental plans eligible to invest in the CIT (defined as “Eligible Plan” in the Declaration of Trust). The above information is not applicable if you are not an Eligible Plan. Any potential purchaser may pay actual expenses that are more or less than those presented herein, and their investment may lose value. There is no guarantee, contract, or agreement, expressed or implied with the recipient of this information that the above expenses will be received.

This material is not intended as a recommendation or as investment advice of any kind. 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.

Risk Considerations: This Fund may not be suitable for all investors. Investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing the value of the holdings and share price to decline. Investors in asset backed securities, including collateralized loan obligations 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 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. Investments in reverse repurchase agreements expose the Fund to many of the same risks as leveraged instruments, such as derivatives. You may have a gain or loss when you sell your shares.

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 Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. GPIM may pay compensation to certain affiliates for introducing investors to the Fund.

The Bloomberg U.S. Aggregate Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the US investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass- through securities, and asset-backed securities. The referenced index is unmanaged and not available for direct investment. Index performance does not reflect transaction costs, fees or expenses. Indices are shown for comparison purposes only.

©2023 Guggenheim Partners, LLC. All Rights Reserved. No part of this document may be reproduced, stored, or transmitted by any means without the express written consent of Guggenheim Partners, LLC.



© Guggenheim Investments. All rights reserved.

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.