Guggenheim High Yield P

Frequently Asked Questions About SIHPX

What does SIHPX invest in?

Under normal market conditions, this fund primarily allocates a significant portion—a minimum of 80%—of its total investment capital (which includes its net assets along with any borrowed funds used for investment purposes) to a wide spectrum of high-yielding, inherently riskier debt instruments. These typically consist of bonds rated outside the top four long-term credit categories by recognized statistical rating agencies. Furthermore, the portfolio may include unrated debt that Security Investors, LLC, known as Guggenheim Investments (the "Investment Manager"), assesses to be of comparable credit quality. These types of investments are frequently referred to as "junk bonds" due to their speculative nature.

What is the expense ratio of SIHPX?

Guggenheim High Yield P (SIHPX) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

What is SIHPX's dividend yield?

SIHPX's trailing-twelve-month yield is 6.36%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SIHPX?

Effective duration measures SIHPX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SIHPX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SIHPX?

SIHPX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SIHPX?

Yield to maturity (YTM) is the total return you'd earn from SIHPX if every bond in the portfolio is held to maturity at the current price. SIHPX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.