High Yield Strategy - C Class
Price $22.20
Change $0.02 / 0.09%
As Of 10/21/16

Investment Strategy

Seeks to provide investments results that correlate, before fees and expenses, to the performance of the high yield bond market. The fund seeks to gain exposure similar to the high yield bond market by investing in credit default swaps, high yield securities, futures and other financial instruments with economic characteristics comparable to that of high yield bond market.

Fees and Expenses

Gross Expense Ratio
Net Expense Ratio

Fund Highlights & Applications

  • Potential to profit in a rising high yield market
  • Unlimited exchange privileges with no redemption penalties
  • Quantitative management style provides consistent, systematic exposure to the high yield market

Distributions as of 6/9/16

Most Recent Income
Most Recent Capital Gain

Symbols & CUSIPS


Investment Team

Team Managed


Fund Type
Distribution Frequency
Annual (if applicable)
Bloomberg Barclays U.S. Corporate High Yield Index
Trading Hours
Phone 09:30 AM - 3:30 PM ET
Web 09:30 AM - 3:45 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
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. With Load performance 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.

Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

This fund may not be suitable for all investors. •The use of derivatives such as futures, options and swap agreements will expose the fund to additional risks that they would not be subject to if it invested directly in the securities underlying those derivatives. •A highly liquid secondary market may not exist for the credit default swaps the fund invests in, and there can be no assurance that a highly liquid secondary market will develop. •The fund’s market value will change in response to interest rate changes and market conditions among other factors. •You may have a gain or loss when you sell your shares. •In general, bond prices rise when interest rates fall, and vice versa. The fund’s exposure to the high yield bond market may subject the fund to greater volatility because (i) the fund 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. •It is important to note that the fund is not guaranteed by the U.S. government. •This fund is considered nondiversified 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.

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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