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Guggenheim High Yield A (SIHAX)

12.27 Up 0.01(0.08%) Aug 20

Profile as of Jul 30, 2014Get Profile for:
Guggenheim High Yield A
Security Investors, LLCOne Security Benefit PlaceTopeka KS 66636-0001
Map
Phone: 800-820-0888
Fund Overview 
Category:High Yield Bond
Fund Family:Guggenheim Investments
Net Assets:149.48M
Year-to-Date Return:3.80%
Yield:6.54%
Morningstar Rating:3 stars
Fund Inception Date:Aug 5, 1996
Morningstar Style Box 
High Yield Bond
[View Category Definition]
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About the Morningstar Style Box
Management Information 
David G. Toussaint
Lead Manager since Apr 30, 2000
David joined Security Global Investors in 2000 as a senior investment analyst and was promoted to portfolio manager the same year. Prior to joining Security Global Investors, David was a fixed-income credit research analyst and an investment accounting manager for Allstate Insurance. David has more than 20 years of experience in the financial industry. He currently manages the High Yield Fixed Income strategy. David is responsible for developing, researching, and executing macroeconomic and industry analysis to uncover hidden opportunities in the credit market. David earned a B.A. in economics from the University of Illinois, a M.S. in accounting from DePaul University, and an MBA in finance from the University of Chicago. David is a certified public accountant and is a member of the American Institute of Certified Public Accountants. He has earned the right to use the Chartered Financial Analyst® designation. David is a member of the CFA Institute and the Kansas City CFA Society.
Investment Information 
Min Initial Investment:100
Min Initial Investment, IRA:100
Min Initial Investment, AIP:100
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:20
SIHAX can be purchased from 91 brokerages.

Fund Summary 
The investment seeks high current income; capital appreciation is a secondary objective. The fund invests at least 80% of its assets, under normal market conditions, in a broad range of high yield, high risk debt securities rated below the top four long-term rating categories by a nationally recognized statistical rating organization or, if unrated, determined by Security Investors, LLC, also known as Guggenheim Investments (the "Investment Manager"), to be of comparable quality. It also may invest in a variety of investment vehicles, principally, closed-end funds, exchange traded funds ("ETFs") and other mutual funds.

Fund Operations 
Last Dividend (Jul 30, 2014) : 0.06
Last Cap Gain : 0.00
Annual Holdings Turnover (Aug 19, 2014) : 101.00%
Average for Category:57.04%
Fees & Expenses 
ExpenseSIHAXCategory Avg
Annual Report Expense Ratio (net):1.18%1.09%
Prospectus Net Expense Ratio:1.16%N/A
Prospectus Gross Expense Ratio:1.41%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:4.75%4.19%
Max Deferred Sales Load: N/A2.20%
3 Yr Expense Projection*:879538
5 Yr Expense Projection*:1,189862
10 Yr Expense Projection*:2,0671,765
* Per $10,000 invested