Floating Rate Strategies - Institutional Class - Overview (2022)

Investment Strategy

Seeks to provide a high level of current income while maximizing total return.

Fund Highlights and Applications

  • Seeks to exploit the broader universe of floating rate securities, including bank loans, asset-backed securities, collateralized loan obligations, and mortgage-backed securities.
  • May complement traditional fixed-income allocation, providing diversification1, as well as the potential to maximize income in various rate environments.
  • Access to Guggenheim’s unique fixed income process and philosophy founded on the principles of behavioral finance.

Distributions

Most Recent Income $0.099758
Dividend $0.099758
Most Recent Capital Gain $0.000000

Distribution Yields Subscribe to Yield Update

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Distribution Yield †
4.99%
30-Day Subsidized SEC Yield ‡ 6.09%
30-Day Unsubsidized SEC Yield ‡ 6.09%

Fees and Expenses

Gross Expense Ratio 0.88%
Net Expense Ratio 0.84%

Overall Morningstar RatingTM*

as of 3/31/2022

Floating Rate Strategies - Institutional Class - Overview (1)
(Based on risk-adjusted returns out of 228 Bank Loan funds.)

Symbols & CUSIPs

Class Symbol CUSIP Inception
A GIFAX 40168W731 11/30/11
C GIFCX 40168W723 11/30/11
Institutional GIFIX 40168W715 11/30/11
P GIFPX 40169J408 5/1/15
R6 GIFSX 40168W152 3/13/19

Investment Team

Floating Rate Strategies - Institutional Class - Overview (2)

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Scott Minerd
Global Chief Investment Officer Guggenheim Partners

Floating Rate Strategies - Institutional Class - Overview (4)

Thomas Hauser
Portfolio Manager

(Video) Guggenheim Floating Rate Strategies Fund Highlights (GIFIX)

Operations

Fund Type Fixed Income
Distribution Frequency Accrued Daily/Paid Monthly
Benchmark Credit Suisse Leveraged Loan Index
Telephone 800.820.0888
Trading Hours Phone: 9:30 AM - 4:00 PM ET
Web: 9:30 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
Investment Sub-Adviser Guggenheim Partners Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

*As of 3/31/2022, the Institutional Class was rated, based on its risk-adjusted returns, 4 stars Overall, 3 stars for 3 years,3 stars for 5 years, and 5 stars for 10 yearsamong 228, 228,212, and 140 Bank Loan funds, respectively.

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 3-year. 5-year, and 10-year (if applicable) Morningstar Rating metrics.

©2022Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary of Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of its information. Past performance is no guarantee of future results.


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.Load performance reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 3.00%. Effective 10/1/2015 the A-Class maximum front-end sales charge was changed from 4.75% to 3.00%. For performance periods that begin prior to 10/1/2015, a 4.75% load was used and for performance periods that begin after 10/1/2015, a 3.00% load was used. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase. For additional information, see the fund's prospectus.

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Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends.

1Diversification 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 a standard yield calculation developed by the SEC that allows for fairer comparisons of bond funds. It reflects dividends and interest ("income") earned during the most recent 30-day period after the deduction of the fund’s expenses and is calculated by dividing the income per share by the maximum offering share price on the last day of the period. Unsubsidized SEC 30-day yield is what the yield would have been had no fee waivers and/or expense reimbursement been in place.

This Fund may not be suitable for all investors. •Investments in floating rate senior secured syndicated bank loans and other floating rate securities involve special types of risks, including credit rate risk, interest rate risk, liquidity risk and prepayment risk. •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 and synthetic instruments (such as synthetic collateralized debt obligations) 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). •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. •The Fund is subject to active trading risks that may increase volatility and impact its ability to achieve its investment objective. •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, 2023 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.

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