Weighted Average Life (WAL) to Worst | 3.4 |
Effective Duration | 2.0 |
Yield To Maturity | 6.7 |
Number of Holdings | 924 |
Average Price | $93.1 |
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.
Weighted average effective duration of the securities comprising the fund portfolio or the index. Effective duration takes into account any embedded options (i.e., a put or a call) and reflects the expected change in future cash flows caused by the options in response to changing interest rates.
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.
AAA/Govt./Cash | 13.6% |
AA | 4.2% |
A | 14.1% |
BBB | 18.6% |
BB | 16.5% |
B | 18.6% |
CCC | 2.9% |
CC | 2.2% |
Not Rated | 2.9% |
Other | 6.4% |
Source: BlackRock Solutions and 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.
Unrated securities do not necessarily indicate low credit quality.
Other may include open and closed-end funds, equities, and derivatives.
Below Investment Grade Corporate | 38.1% | |
High Yield Corporate Bonds | 20.3% | |
Bank Loans | 17.8% | |
Structured Credit | 26.3% | |
Asset-Backed Securities | 12.0% | |
Collateralized Loan Obligations | 6.8% | |
Non-Agency Mortgage-Backed Securities | 5.9% | |
Non-Agency Commercial Mortgage-Backed Securities | 1.7% | |
Investment Grade Corporate | 11.6% | |
Investment Grade Corporate Bonds | 7.3% | |
Preferred Securities | 4.2% | |
Government | 12.0% | |
Agency Mortgage-Backed Securities | 7.1% | |
US Treasuries | 5.0% | |
Other | 6.5% | |
Net Short Term Investments | 5.5% |
Other may include municipals, private placements, military housing bonds, foreign government and agencies, fixed-income funds, derivatives, equities and/or other miscellaneous fixed-income securities.
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.Click and Drag to change time periods and view respective data
As of December 2016
Correlation: A measurement between -1 and 1, which indicates the linear relationship between two variables. If there is no relationship between two variables, the correlation coefficient is 0. If there is a perfect relationship, the correlation is 1. And if there is a perfect inverse relationship, the correlation is -1.
Duration is a measure of interest-rate sensitivity of a fixed-income security based on an interest rate change of 1% or 100 basis points.
Weighted average effective duration of the securities comprising the fund portfolio or the index. Effective duration takes into account any embedded options (i.e., a put or a call) and reflects the expected change in future cash flows caused by the options in response to changing interest rates.
Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime.
Hover mouse over chart for additional detail.
Cash was set to zero for periods where the ending cash balance was negative due to traded but not settled trades.
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.
© 2024 Guggenheim Investments. All Rights Reserved.
Research our firm with FINRA Broker Check.
• Not FDIC Insured • No Bank Guarantee • May Lose Value
This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. 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. Investing involves risk, including the possible loss of principal.