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. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, click here.
1 Guggenheim Investments won the WealthManagement.com Industry Award for outstanding achievement in Thought Leadership Advisor Education at the magazine's September 8, 2022 annual award ceremony in New York. The WealthManagement.com Industry Awards honor outstanding achievements by companies, organizations and individuals that support financial advisor success. In 2022, nearly 1000 entries were received from more than 350 companies. At the awards ceremony, 105 awards were presented to 84 companies from a pool of 225 finalists. Guggenheim Investments won bronze award for Best White Paper in Financial Advisor IQ’s 2022 Financial Advisor Service Awards. The Financial Advisor IQ Service Awards are based on the votes of financial advisors who participated in a survey fielded by the magazine between April and June 2022.1 Guggenheim’s awards were in the mid-sized manager category. SURVEY RESULTS AND TESTIMONIALS MAY NOT BE REPRESENTATIVE OF THE EXPERIENCE OF OTHER CUSTOMERS AND ARE NO GUARANTEE OF FUTURE PERFORMANCE OR SUCCESS. The FA-IQ Service Awards are based on the votes of financial advisors who participated in a survey from April to June, 2022 and winners were announced on September 28, 2022. 742 advisors cast ballots. Respondents represented a cross-section of channels and practice sizes: 61 percent came from broker-dealers (including 40 percent from independent and regional BDs, 19 percent from wirehouses, and 2 percent from bank-based B-Ds). Another 32 percent of voters hail from independent RIAs, and 4 percent from insurance-linked brokerages. Managers were split in three categories: Large managers—those with $100 billion or more in mutual fund and/or ETF assets (32 managers in this group), Midsize managers—those with between $20 billion and $100 billion in mutual fund and/or ETF assets (51 managers in this group), and Boutique managers—those with at least $4 billion, but less than $20 billion in fund and/or ETF assets (60 managers in this group). In rating asset managers, advisors first identified the companies with which they work or have worked. Then advisors selected which product providers they considered excellent in each the large- mid- and boutique-sized cohorts. For recordkeepers and Erisa law firms, FA-IQ relied on votes from all advisors, but especially those with significant DC plan business. In all, 51 recordkeepers, 31 target-date fund providers and 40 law firms received votes. Ignites Research, an FA-IQ affiliate, compiled the votes and oversaw these awards.
2 As measured by institutional class only. Taxable fixed income funds only, which includes Guggenheim Macro Opportunities Fund GIOIX, Guggenheim Total Return Bond Fund – GIBIX, Guggenheim Core Bond Fund – GIUSX, Guggenheim Limited Duration Fund – GILHX, Guggenheim Ultra Short Duration Fund – GIYIX, Guggenheim Floating Rate Strategies Fund – GIFIX, Guggenheim High Yield Fund - SHYIX.
3 Inception date of 7.11.2008 for SHYIX; 11.30.2011 for GIOIX, GIBIX, and GIFIX; 1.29.2013 for GIUSX; 12.16.2013 for GILHX; and 3.11.2014 for GIYIX.
Barron's Top Fund Families are awared annually. For the 1-year period ending in 12.31.2023, Guggenheim Investments ("Guggenheim") was named the #1 fund family in the taxable category out of 49 fund families. Overrall, Guggenheim was ranked 21 our of 49 fund families for 1 year, 28 out of 47 fund families for 5 years, and 27 out of 46 fund families for 10 years for the period ending 12.31.2023. All mutual and exchange-traded funds are required to report their returns after fees are deducted, but Barron’s calculates returns before any 12b-1 fees are deducted, in order to measure manager skill (independent of expenses beyond annual management fees). Similarly, sales charges aren’t included in the calculation. Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and 1 the lowest. This result is then weighted by asset size, relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, it boosts its overall ranking; poor performance in its biggest funds hurts its ranking. To be included, a firm must have at least 3 funds in the general equity category, 1 world equity, 1 mixed equity (such as a balanced or target-date fund), 2 taxable bond funds, and 1 national tax-exempt bond fund. Single-sector and country equity funds are factored into the rankings as general equity. All passive index funds are excluded, including pure index, enhanced index, and index-based, but actively managed ETFs and smart-beta ETFs (passively managed but created from active strategies) are included. Finally, the score is multiplied by the weighting of its general classification, as determined by the entire Lipper universe of funds. The category weightings for the 1-year results in 2023 were general equity, 37.7%; mixed asset, 22%; world equity, 16.1%; taxable bond, 20.1%; and tax-exempt bond, 4%. Then the numbers are then added for each category and overall. The shop with the highest total score wins. Copyright ©2024 Dow Jones & Company, All Rights Reserved.
Morningstar Ratings and Rankings Information: 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 three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
Morningstar absolute and percentile ranks are based on average annual total return relative to all funds in the same Morningstar category, which includes both mutual funds and ETFs, and do not include the effect of sales charges. Absolute ranks are assigned in descending order for each fund in the category, with 1 being the top performing fund. Funds with the same performance figure are assigned the same absolute rank. Percentile ranks range from 1 (top 1%) to 100 (least favorable), with no minimum number of funds per category. For example, for a category containing three funds, the ranks would be 1, 50, and 100.
Overall Morningstar Star Ratings are based on risk-adjusted returns and Morningstar Rankings are based on average annual total return. Inception date of 7.11.2008 for SHYIX; 11.30.2011 for GIOIX, GIBIX, and GIFIX; 1.29.2013 for GIUSX; 12.16.2013 for GILHX; and 3.11.2014 for GIYIX. The Institutional class for each fund was rated 4 stars for overall, 2 stars for 3 years, 5 stars for 5 years, and 5 stars for 10 years among 418, 418, 374, and 265 Intermediate Core Bond funds (Core Bond Fund), 4 stars for overall, 4 stars for 3 years, 4 stars for 5 years, and 4 stars for 10 years among 212, 212, 207, and 167 Bank Loan funds (Floating Rate Strategies Fund), 4 stars for overall, 4 stars for 3 years, 3 stars for 5 years, and 4 stars for 10 years among 594, 594, 563 and 427 High Yield funds (High Yield Fund), 5 stars for overall, 4 stars for 3 years, 5 stars for 5 years, and 5 stars for 10 years among 522, 522, 482, and 354 Short-Term Bond funds (Limited Duration Fund), 4 stars for overall, 3 stars for 3 years, 4 stars for 5 years, and 5 stars for 10 years among 278, 278, 249, and 179 Nontraditional Bond funds (Macro Opportunities Fund), 5 stars for overall, 3 stars for 3 years, 5 stars for 5 years, and 5 stars for 10 years among 561, 561, 525, and 374 Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 4 stars for overall, 4 stars for 3 years, and 4 stars for 5 years among 204, 204, and 186 Ultrashort Bond funds (Ultra Short Duration Fund).
The Institutional Class for the 1-year period was ranked 93 out of 457 (27th percentile) Intermediate Core Bond funds (Core Bond Fund), 181 out of 225 (84th percentile) Bank Loan funds (Floating Rate Strategies Fund), 203 out of 657 (31st percentile) High Yield funds (High Yield Fund), 65out of 555 (13th percentile) Short-Term Bond funds (Limited Duration Fund), 43 out of 3050(19th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 167 out of 623 (28th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 23 out of 250 (11th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 3-year period was ranked 305 out of 418 (78th percentile) Intermediate Core Bond funds (Core Bond Fund), 44 out of 212 (23rd percentile) Bank Loan funds (Floating Rate Strategies Fund), 151 out of 594 (28th percentile) High Yield funds (High Yield Fund), 41 out of 52 (13th percentile) Short-Term Bond funds (Limited Duration Fund), 95 out of 278 (37th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 249 out of 561 (54th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 18 out of 204 (13th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 5-year period was ranked 18 out of 374 (6th percentile) Intermediate Core Bond funds (Core Bond Fund), 45 out of 207 (27th percentile) Bank Loan funds (Floating Rate Strategies Fund), 177 out of 563 (36th percentile) High Yield funds (High Yield Fund), 29 out of 482 (9th percentile) Short-Term Bond funds (Limited Duration Fund), 34 out of 249 (19th percentile) Nontraditional Bond funds (Macro Opportunities Fund), 37 out of 525 (10th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund), and 19 out of 186 (13th percentile) Ultrashort Bond funds (Ultra Short Duration Fund). The Institutional Class for the 10-year period was ranked 3 out of 265 (2nd percentile) Intermediate Core Bond funds (Core Bond Fund), 24 out of 167 (16th percentile) Bank Loan funds (Floating Rate Strategies Fund), 55 out of 427 (15th percentile) High Yield funds (High Yield Fund), 13 out of 354 (6th percentile) Short-Term Bond funds (Limited Duration Fund), 10 out of 176 (8th percentile) Nontraditional Bond funds (Macro Opportunities Fund), and 10 out of 374 (5th percentile) Intermediate Core-Plus Bond funds (Total Return Bond Fund).
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The Funds may not be suitable for all investors. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities. 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. Investors in asset-backed securities, including mortgage-backed securities and 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, such as 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.