Morningstar

Guggenheim High Yield Fund Institutional Class SHYIX

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  • NAV / 1-Day Return $7.70  /  −0.13 %
  • Fund Size $135.9M
  • Adjusted Expense Ratio 0.660%
  • Net Expense Ratio 0.660%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2M
  • Investment Status Open
  • TTM Yield 6.61%
  • Average Effective Duration 2.03 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis SHYIX

Will SHYIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHYIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SHYIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SHYIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Good ingredients, but its flavor can be inconsistent.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

Guggenheim's corporate credit team numbers more than 50 and is led by capable high-yield veterans. Thomas Hauser has been with the firm for more than 20 years, and the firm named him as a comanager on Guggenheim High Yield in 2017. He has handled much of its day-to-day coordination since. Chief investment officer Scott Minerd passed away in December 2022; Guggenheim later named chief investment officer Anne Walsh, fixed-income chief investment officer Steve Brown, and veteran trader John Walsh to the roster for this strategy. The firm ran the fund aggressively before Hauser’s time but has improved its risk management since then and has otherwise run the strategy more cautiously than most of its competition.

by Eric Jacobson
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Portfolio Holdings SHYIX

More SHYIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd/Eur Fwd 20260715 8628

7.95 12M
Derivative

BNY Dreyfus Treasury Secs Csh Mgmt Inst

2.31 3M
Corporate

Guggenheim Securitized Income ETF

1.24 2M
—

CPI CG Inc. 10%

0.92 1M
Corporate

Trinity Industries, Inc. 7.75%

0.89 1M
Corporate

Nassau Companies Of New York 7.875%

0.88 1M
Corporate

Petsmart LLC / Petsmart Financial Corp. 7.5%

0.87 1M
Corporate

TransMontaigne Partners LLC 8.5%

0.84 1M
Corporate

Wabash National Corporation 4.5%

0.81 1M
Corporate

New Enterprise Stone & Lime Co., Inc. 9.75%

0.81 1M
Corporate

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