Limited Duration - Institutional Class
Price $24.72
Change $0.00 / 0.00%
As Of 10/21/16

Investment Strategy

Seeks to provide a high level of income consistent with preservation of capital.

Fees and Expenses

Gross Expense Ratio
Net Expense Ratio

Fund Highlights & Applications

  • Shorter-duration1 fixed income securities are generally less sensitive to rising interest rates than longer-duration securities. Consequently, the fund’s limited duration may benefit investors seeking preservation of capital during periods of rising rates.
  • The fund invests in a broad universe of fixed income securities in an attempt to maximize yield and diversification2. Therefore, the fund may be of interest to investors seeking attractive risk-adjusted returns.
  • Guggenheim Investments has a distinguished history of serving institutional and high-net worth investors. The fund offers investors access to Guggenheim’s recognized investment expertise.

Distributions as of 9/30/16

Most Recent Income
Most Recent Capital Gain

Distribution Yield
(as of 9/30/16)
SEC 30 Day Yield (subsidized)
(as of 9/30/16)
SEC 30 Day Yield (unsubsidized)
(as of 9/30/16)

Symbols & CUSIPS


Investment Team

Anne B. Walsh
James Michal
Steven H. Brown


Fund Type
Fixed Income
Distribution Frequency
Accrued Daily/Paid Monthly
Bloomberg Barclays U.S. Aggregate Bond 1-3 Total Return Index
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
Guggenheim Partners Investment Management, LLC
Guggenheim Funds Distributors, LLC


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. Class A-Share with load performance shown reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 2.25%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase

1Duration is a measure of interest-rate sensitivity of a fixed income security based on an interest rate change of 1% or 100 basis.
2Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund.

SEC 30-day yield is based on net investment income for the most recent 30-day period, is annualized and is divided by the offering price at month-end.

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.

This Fund may not be suitable for all investors. • The Fund’s market value will change in response to interest rate changes and market conditions among other factors. In general, bond prices rise when interest rates fall and vice versa. • The Fund’s exposure to high yield securities may subject the Fund to greater volatility. • When market conditions are deemed appropriate, the Fund will leverage to the full extent permitted by its investment policies and restrictions and applicable law. Leveraging will exaggerate the effect on net asset value of any increase or decrease in the market value of the Fund’s portfolio. • The Fund may invest in derivative instruments, which may be more volatile and less liquid, increasing the risk of loss when compared to traditional securities. Certain of the derivative instruments are also subject to the risks of counterparty default and adverse tax treatment. • Instruments and strategies (such as borrowing transactions and reverse repurchase agreements) may provide leveraged exposure to a particular investment, which will magnify any gains or losses on those investments. • Investments in reverse repurchase agreements expose the Fund to the many of the same risks as investments in derivatives. • The Fund’s investments in other investment vehicles subject the Fund to those risks and expenses affecting the investment vehicle. • The Fund’s investments in foreign securities carry additional risks when compared to U.S. securities, due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risks). • Investments in syndicated bank loans generally offer a floating interest rate and involve special types of risks. • The Fund’s investments in municipal securities can be affected by events that affect the municipal bond market. • The Fund’s investments in real estate securities subject the Fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. • The Fund’s investments in restricted securities may involve financial and liquidity risk. • You may have a gain or loss when you sell your shares. • It is important to note that the Fund is not guaranteed by the U.S. government.• Please read the prospectus for more detailed information regarding these and other risks.

+ The Advisor has contractually agreed to waive fees and expenses through February 1, 2017 to limit the ordinary operating expenses of the Fund. The Fund may have net expenses greater than the expense cap as a result of any acquired fund fees and expenses or other expenses that are excluded from the calculation. Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

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.


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