NEW YORK, Dec. 7, 2011 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, announced today the expansion of its fixed-income oriented mutual fund suite with three new strategies previously only available to institutional investors: Guggenheim Total Return Bond Fund (GIBAX), Guggenheim Macro Opportunities Fund (GIOAX) and Guggenheim Floating Rate Strategies Fund (GIFAX).
For years, Guggenheim has sought to deliver strong results in various market environments for its clients. With over $78 billion in fixed-income assets*, the firm draws on a wealth of dedicated resources to exercise its research rigor across a full spectrum of investments, including diversified credit, private placements, and debt origination.
"As the fixed-income market evolves, individual investors need intelligent ways to adapt," said Scott Minerd, chief investment officer for Guggenheim. "These mutual funds are a unique opportunity—they provide individual-investor access to some of our best institutional strategies."
The funds are team managed, with Minerd serving on the team for each of the funds. Minerd has been with Guggenheim Partners for over 12 years, and guides the investment strategies of the portfolio management and research team. As the firm's CIO, Minerd sets the overall investment strategy and oversees client accounts across a broad range of fixed-income and equity securities.
Guggenheim's Distinct Investment Process
More than 100 investment professionals are dedicated to research, evaluation and management of fixed-income assets, including a 14-person, in-house fixed-income legal team that works closely with the credit team to assess the structural integrity of every potential investment.
The three funds expand Guggenheim's existing suite of fixed-income mutual funds, which includes the High Yield Bond Fund and the U.S. Intermediate Bond Fund. Additionally, these funds now take advantage of the expanded capabilities of Guggenheim Investments in their investment management processes.
"Advisors tell us that they are looking for new ways to provide fixed-income exposure to their clients," said Marc Zeitoun, head of distribution at Guggenheim Investments. "These funds are a natural extension of our robust product line-up and offer ways for advisors to diversify their client's portfolios."
Guggenheim Macro Opportunities Fund
The Guggenheim Macro Opportunities Fund offers a tactical, risk-managed strategy that seeks to provide the Fund exposure to the investment team's "best ideas," targeting strong total return regardless of the direction of the overall market. Since the fund is not constrained to a particular benchmark, it has the flexibility to invest across a broad array of corporate credit, asset-backed, and other fixed-income sectors as well as equities, currencies, commodities and alternative strategies. The fund seeks to provide total return, comprised of current income and capital appreciation. The portfolio team includes Minerd, Kevin Gunderson, who has nine years of industry experience, and James Michal, who has six years of experience.
Guggenheim Total Return Bond Fund
The Guggenheim Total Return Bond Fund invests primarily in high-quality, investment-grade debt securities using a tactical asset allocation strategy that seeks to identify relative value opportunities across multiple sectors. Along with Minerd, Anne Walsh, senior managing director with 27 years of experience, and Jeffrey Abrams, senior managing director with over 12 years of experience, manage the fund.
Guggenheim Floating Rate Strategies Fund
The Guggenheim Floating Rate Strategies Fund may be of interest to investors seeking income and to potentially reduce the effects of interest-rate volatility. The fund seeks to provide total return, comprised of current income and capital appreciation and invests primarily in bank loans and other senior, secured floating-rate securities. Minerd, Michael Damaso, senior managing director and head trader with 12 years of industry experience, and Gunderson manage the fund.
Guggenheim Investments
Guggenheim Investments represents the investment management businesses of Guggenheim Partners. With assets exceeding $115 billion*, including more than $78 billion in fixed-income, we have a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. We offer clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York and Santa Monica along with a global network of offices throughout the United States, Europe, and Asia.
The Guggenheim Investments logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=10618
* The total asset figure is as of Q3 2011 and includes $8.7B of leverage for Assets Under Management and $0.8B of leverage for Serviced Assets. Total assets includes Security Investors doing business as Security Global Investors and Rydex Investments, Guggenheim Partners Asset Management, Guggenheim Investment Management, Guggenheim Funds and its affiliated entities, and some business units including Guggenheim Real Estate, Guggenheim Structured Real Estate Advisors, Guggenheim Aviation, GS GAMMA Advisors, Guggenheim Partners Europe, Transparent Value Advisors, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.
The Funds may not be suitable for all investors. ● The Funds' market value will change in response to interest rate changes and market conditions among other factors. In general, bond prices rise when interest rates fall and vice versa. ● You may have a gain or loss when you sell your shares. ● It is important to note that the Fund is not guaranteed by the U.S. government. ● Certain Funds may have exposure to high yield securities, municipal securities, foreign securities, derivative instruments, real estate, commodity markets and other fixed income securities. ● Exposure to high yield securities may subject a Fund to greater volatility. ● Investments in municipal securities can be affected by events that affect the municipal bond market. ● Investments in foreign securities carry additional risks when compared to U.S. securities, due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risks). ● Investments in derivative instruments, be more volatile and less liquid, increasing the risk of loss when compared to traditional securities. Certain of the derivative instruments are also subject to the risks of counterparty default and adverse tax treatment. ● Investments in real estate securities subject a Fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. ● Please see each Fund's prospectus for more information on these and other risks.
Read the fund's prospectus and summary prospectus (if available) carefully before investing. It contains the fund's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To download a prospectus and summary prospectus (if available) click here or call 800.820.0888.
The funds are distributed by Rydex Distributors, LLC (RDL). Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC (GP), which includes Guggenheim Partners Asset Management, LLC (GPAM) and Security Investors, LLC (SI), the investment advisors to the referenced funds. Rydex Distributors, LLC, is affiliated with GP, GPAM and SI.