RYDTX

Event Driven and Distressed Strategies - Institutional Class
Price $28.50
Change $0.01 / 0.04%
As Of 4/22/14

Investment Strategy

Seeks to achieve capital growth.

Fees and Expenses

Gross Expense Ratio
1.87%
Net Expense Ratio
1.74%


Fund Highlights & Applications

  • May benefit from changes throughout the business cycle offering diversified equity return streams in a single fund.
  • Offers the potential to produce positive returns even in flat or choppy markets, constrain losses in falling markets, and participate in appreciating markets.
  • Can be used to help diversify an equity allocation.


Distributions as of 12/5/13

Most Recent Income
$1.743834
Dividend
$0.000000
Most Recent Capital Gain
$1.743834


Symbols & CUSIPS

ClassSymbolCUSIP
ARYDOX78356C802
CRYDQX78356C703
HRYDSX78356C406
InstitutionalRYDTX78356C109

Investment Team

Michael P. Byrum
Mike Dellapa
Ryan Harder
Larry Shank

Operations

Fund Type
Alternative
Distribution Frequency
Annual (if applicable)
Benchmark
Telephone
800.820.0888
Trading Hours
Phone 09:30 AM - 4:00 PM ET
Web 09:30 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
Security Investors, LLC
Distributor
Guggenheim Funds Distributors, LLC

Disclosure

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. 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 securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.

Effective July 11, 2011, the fund’s investment objective changed from seeking to track the performance of a benchmark to seeking to achieve capital growth. The fund’s principal investment strategy was also revised to reflect the new objective.

The Event Driven and Distressed Strategies fund is subject to a number of risks and is not suitable for all investors. •The fund’s use of derivatives such as futures, options, structured notes, exchange-traded notes and swap agreements may expose the fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. •Certain of the derivative instruments, such as swaps and structured notes, are also subject to the risks of counterparty default and adverse tax treatment. •The fund’s use of short selling involves increased risk and costs, including paying more for a security than it received from its sale and the risk of unlimited losses. •The more the fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •The fund’s investments in foreign markets may increase the fund’s volatility due to the impact of diplomatic, political or economic developments on the country in question. •Additionally, the fund’s exposure to foreign currencies subjects the fund to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the case of short positions, that the U.S. dollar will decline in value relative to the currencies. •The fund’s fixed income investments will change in value in response to interest rate changes and other factors. •The fund’s exposure to the high yield bond market may subject the fund to greater volatility because (i) it 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. •The fund’s exposure to the event driven market is considered speculative and may subject the fund to additional losses. •In certain circumstances the fund may be subject to liquidity risk and it may be difficult for the fund to purchase and sell particular investments within a reasonable time at a fair price. •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 advisor has contractually agreed to reduce fees and/or reimburse expenses to the extent necessary to keep net operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, dividends on securities sold short, and extraordinary expenses ("excluded expenses") from exceeding 1.90% of the fund’s H-Class and A-Class shares’, 2.65% of the fund’s C-Class shares’, and 1.65% of the fund’s Institutional Class shares’ average daily net assets. Net expenses includes excluded expenses and, thus, from time to time may be higher than 1.90%, 2.65% and 1.65%, respectively. This agreement may be terminated only with the approval of the fund’s board of trustees. In any event, this undertaking will continue through 7.31.2013.
 

2014 Guggenheim Investments. All Rights Reserved.

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

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.