- What does GIYAX invest in?
- The fund primarily allocates its capital to a varied portfolio of high-quality, investment-grade fixed-income instruments and comparable assets, with the express goal of maintaining a short portfolio duration. Its holdings may encompass traditional debt securities, financial products specifically designed to mimic debt performance, and collective investment vehicles that offer exposure to such instruments. Additionally, the fund can invest in debt-like securities, whether through direct holdings, pooled investment schemes, or derivative contracts, all of which provide access to debt markets or similar financial tools.
- What is the expense ratio of GIYAX?
- Guggenheim Ultra Short Duration A (GIYAX) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.
- Is GIYAX a good long-term hold?
- GIYAX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does GIYAX's daily reset work?
- GIYAX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is GIYAX?
- Guggenheim Ultra Short Duration A (GIYAX) manages $650.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is GIYAX actively managed or an index fund?
- GIYAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
