Guggenheim High Yield Fund (SIHAX)
The investment seeks high current income; capital appreciation is a secondary objective. The fund invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes), under normal circumstances, 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 (also known as "junk bonds").
Fund Info
US40168W6993
Aug 5, 1996
$2,500
Expense Ratio
SIHAX has a high expense ratio of 1.05%, 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 High Yield 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 High Yield Fund had a return of 0.86% year-to-date (YTD) and 8.97% in the last 12 months. Over the past 10 years, Guggenheim High Yield Fund had an annualized return of 4.76%, while the S&P 500 had an annualized return of 11.26%, indicating that Guggenheim High Yield Fund did not perform as well as the benchmark.
SIHAX
0.86%
0.35%
3.23%
8.97%
3.90%
4.76%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SIHAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.16% | 0.86% | |||||||||||
| 2024 | 0.31% | 0.27% | 1.19% | -0.72% | 1.06% | 0.77% | 1.77% | 1.52% | 1.30% | -0.57% | 1.05% | -0.24% | 7.94% |
| 2023 | 3.69% | -1.42% | 0.87% | 0.95% | -1.05% | 1.41% | 1.65% | 0.33% | -0.81% | -1.46% | 3.90% | 3.50% | 11.96% |
| 2022 | -2.50% | -1.16% | -0.32% | -3.07% | -0.08% | -5.49% | 4.42% | -0.86% | -3.92% | 2.46% | 1.78% | -0.51% | -9.24% |
| 2021 | 0.01% | 0.14% | 0.20% | 0.75% | 0.68% | 1.40% | 0.76% | 0.35% | 0.22% | -0.25% | -0.87% | 1.64% | 5.11% |
| 2020 | 0.38% | -1.32% | -13.14% | 3.68% | 4.06% | 1.64% | 3.92% | 1.30% | -0.42% | 0.86% | 3.82% | 1.41% | 5.02% |
| 2019 | 2.70% | 1.68% | 0.60% | 1.99% | -0.66% | 1.74% | 0.30% | 0.61% | 0.35% | 0.02% | 0.14% | 1.83% | 11.84% |
| 2018 | 0.47% | -1.02% | -0.65% | 0.33% | -0.08% | 0.19% | 0.99% | 0.52% | 0.35% | -1.28% | -0.93% | -2.05% | -3.15% |
| 2017 | 1.05% | 1.14% | -0.09% | 1.07% | 0.76% | 0.12% | 0.94% | 0.08% | 0.71% | 0.51% | 0.04% | 0.41% | 6.92% |
| 2016 | -1.11% | -0.66% | 3.37% | 3.18% | 1.08% | 1.13% | 2.36% | 2.23% | 0.87% | 1.11% | -0.16% | 2.10% | 16.51% |
| 2015 | 0.10% | 2.32% | 0.01% | 1.41% | 0.67% | -0.88% | -0.20% | -1.77% | -1.86% | 1.87% | -1.69% | -2.17% | -2.28% |
| 2014 | 0.09% | 1.72% | 0.65% | 0.30% | 0.86% | 0.92% | -0.74% | 1.36% | -1.66% | 0.14% | -0.67% | -3.86% | -1.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, SIHAX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim High Yield Fund (SIHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guggenheim High Yield Fund provided a 6.40% dividend yield over the last twelve months, with an annual payout of $0.64 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.63 | $0.59 | $0.58 | $0.48 | $0.57 | $0.65 | $0.71 | $0.63 | $0.69 | $0.74 | $0.76 |
Dividend yield | 6.40% | 6.37% | 5.96% | 6.17% | 4.40% | 5.24% | 5.96% | 6.88% | 5.54% | 6.09% | 7.11% | 6.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim High Yield 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.63 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2022 | $0.04 | $0.04 | $0.05 | $0.04 | $0.09 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.48 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.08 | $0.65 |
| 2018 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.05 | $0.06 | $0.06 | $0.08 | $0.71 |
| 2017 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.63 |
| 2016 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.07 | $0.69 |
| 2015 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.11 | $0.74 |
| 2014 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.06 | $0.06 | $0.09 | $0.07 | $0.07 | $0.00 | $0.11 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim High Yield 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 High Yield Fund was 36.72%, occurring on Dec 16, 2008. Recovery took 154 trading sessions.
The current Guggenheim High Yield Fund drawdown is 0.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.72% | Oct 16, 2007 | 295 | Dec 16, 2008 | 154 | Jul 29, 2009 | 449 |
| -29.93% | Sep 14, 1999 | 772 | Oct 10, 2002 | 515 | Oct 28, 2004 | 1287 |
| -19.31% | Feb 21, 2020 | 22 | Mar 23, 2020 | 158 | Nov 4, 2020 | 180 |
| -15.41% | Jul 27, 2011 | 49 | Oct 4, 2011 | 205 | Jul 30, 2012 | 254 |
| -13.06% | Jan 3, 2022 | 187 | Sep 29, 2022 | 304 | Dec 14, 2023 | 491 |
Volatility
Volatility Chart
The current Guggenheim High Yield Fund volatility is 0.77%, 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.