Guggenheim Ultra Short Duration Fund (GIYIX)
The fund will invest primarily in a diversified portfolio of investment-grade debt securities and similar instruments while maintaining a low duration portfolio. The fund's investments will include: debt securities; financial instruments that are expected to perform similarly to debt securities and investment vehicles that provide exposure to debt securities; and debt-like securities, including individual securities, investment vehicles and derivatives giving exposure to debt securities or other similar instruments or debt security markets.
Fund Info
| ISIN | US40169J5231 |
|---|---|
| CUSIP | 40169J523 |
| Issuer | Guggenheim |
| Inception Date | Mar 11, 2014 |
| Category | Ultrashort Bond |
| Min. Investment | $2,000,000 |
| Asset Class | Bond |
Expense Ratio
GIYIX has a high expense ratio of 0.34%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Guggenheim Ultra Short Duration Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Guggenheim Ultra Short Duration Fund had a return of 2.37% year-to-date (YTD) and 7.56% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.37% | 8.76% |
| 1 month | 0.55% | -0.28% |
| 6 months | 4.37% | 18.36% |
| 1 year | 7.56% | 25.94% |
| 5 years (annualized) | 2.60% | 12.51% |
| 10 years (annualized) | N/A | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.84% | 0.43% | 0.63% | 0.24% | ||||||||
| 2023 | 0.28% | 1.13% | 1.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GIYIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GIYIX (Guggenheim Ultra Short Duration Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim Ultra Short Duration Fund (GIYIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guggenheim Ultra Short Duration Fund granted a 5.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.53 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.52 | $0.22 | $0.09 | $0.14 | $0.25 | $0.06 |
Dividend yield | 5.39% | 5.29% | 2.29% | 0.91% | 1.42% | 2.52% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Ultra Short Duration Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | ||||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2018 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim Ultra Short Duration Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Guggenheim Ultra Short Duration Fund was 3.50%, occurring on Mar 25, 2020. Recovery took 78 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.5% | Mar 10, 2020 | 12 | Mar 25, 2020 | 78 | Jul 16, 2020 | 90 |
| -2.57% | Oct 6, 2021 | 248 | Sep 29, 2022 | 84 | Jan 31, 2023 | 332 |
| -0.41% | Mar 13, 2023 | 4 | Mar 16, 2023 | 11 | Mar 31, 2023 | 15 |
| -0.31% | May 12, 2023 | 10 | May 25, 2023 | 3 | May 31, 2023 | 13 |
| -0.31% | Oct 2, 2023 | 12 | Oct 17, 2023 | 10 | Oct 31, 2023 | 22 |
Volatility
Volatility Chart
The current Guggenheim Ultra Short Duration Fund volatility is 0.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.