Guggenheim Multi-Hedge Strategies Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.7%
1 yr return
6.5%
3 Yr Avg Return
1.4%
5 Yr Avg Return
3.9%
Net Assets
$87.1 M
Holdings in Top 10
58.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 205.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RYMSX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.53%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGuggenheim Multi-Hedge Strategies Fund
-
Fund Family NameGuggenheim
-
Inception DateSep 19, 2005
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Byrum
Fund Description
RYMSX - Performance
Return Ranking - Trailing
Period | RYMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -73.0% | 19.4% | 10.04% |
1 Yr | 6.5% | -9.1% | 86.9% | 64.00% |
3 Yr | 1.4%* | -9.5% | 16.2% | 23.69% |
5 Yr | 3.9%* | -4.9% | 14.4% | 53.81% |
10 Yr | 2.8%* | -0.9% | 7.5% | 45.74% |
* Annualized
Return Ranking - Calendar
Period | RYMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.2% | -22.7% | 305.1% | 16.67% |
2022 | -5.0% | -9.8% | 27.3% | 70.56% |
2021 | 6.4% | -20.8% | 10.9% | 29.78% |
2020 | 6.4% | -12.4% | 29.4% | 57.92% |
2019 | 2.7% | -10.5% | 15.8% | 60.21% |
Total Return Ranking - Trailing
Period | RYMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -73.0% | 19.4% | 10.04% |
1 Yr | 6.5% | -13.4% | 86.9% | 59.27% |
3 Yr | 1.4%* | -9.5% | 16.2% | 22.09% |
5 Yr | 3.9%* | -5.3% | 14.4% | 48.43% |
10 Yr | 2.8%* | -0.9% | 7.5% | 43.62% |
* Annualized
Total Return Ranking - Calendar
Period | RYMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.3% | -22.7% | 305.1% | 17.04% |
2022 | -3.4% | -9.8% | 27.3% | 71.37% |
2021 | 7.2% | -20.8% | 10.9% | 41.78% |
2020 | 7.4% | -8.4% | 29.4% | 72.77% |
2019 | 4.8% | -10.2% | 18.0% | 71.20% |
NAV & Total Return History
RYMSX - Holdings
Concentration Analysis
RYMSX | Category Low | Category High | RYMSX % Rank | |
---|---|---|---|---|
Net Assets | 87.1 M | 1.5 M | 5.01 B | 66.05% |
Number of Holdings | 416 | 4 | 4478 | 43.11% |
Net Assets in Top 10 | 49.8 M | -398 M | 2.55 B | 70.32% |
Weighting of Top 10 | 58.68% | 13.1% | 100.0% | 51.83% |
Top 10 Holdings
- U.S. Treasury Bills 10.19%
- U.S. Treasury Bills 9.54%
- Guggenheim Strategy Fund II 7.79%
- J.P. Morgan Securities LLC 7.64%
- BofA Securities, Inc. 6.15%
- Guggenheim Ultra Short Duration Fund - Institutional Class 6.06%
- Capri Holdings Ltd. 3.15%
- Splunk, Inc. 2.87%
- GS Equity Market Neutral Custom Basket 2.73%
- Sovos Brands, Inc. 2.55%
Asset Allocation
Weighting | Return Low | Return High | RYMSX % Rank | |
---|---|---|---|---|
Stocks | 46.24% | -3.75% | 97.95% | 58.30% |
Bonds | 19.73% | -326.45% | 6347.80% | 65.02% |
Other | 18.21% | -21.53% | 148.54% | 32.86% |
Cash | 15.82% | -6278.21% | 410.43% | 21.20% |
Convertible Bonds | 0.11% | 0.00% | 87.92% | 51.94% |
Preferred Stocks | 0.00% | -0.12% | 46.97% | 28.98% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RYMSX % Rank | |
---|---|---|---|---|
Technology | 24.52% | 0.00% | 39.58% | 12.20% |
Financial Services | 15.42% | 0.00% | 59.28% | 11.42% |
Industrials | 13.10% | 0.00% | 21.45% | 13.78% |
Consumer Cyclical | 10.43% | 0.00% | 29.09% | 63.78% |
Communication Services | 10.40% | 0.00% | 21.78% | 88.58% |
Healthcare | 7.98% | 0.00% | 45.63% | 30.31% |
Consumer Defense | 5.69% | 0.00% | 13.62% | 93.70% |
Real Estate | 5.12% | 0.00% | 51.26% | 16.93% |
Basic Materials | 4.45% | 0.00% | 27.46% | 90.16% |
Utilities | 2.54% | 0.00% | 9.23% | 71.65% |
Energy | 0.36% | 0.00% | 100.00% | 49.21% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RYMSX % Rank | |
---|---|---|---|---|
US | 46.24% | -8.85% | 91.88% | 45.94% |
Non US | 0.00% | -19.62% | 42.11% | 73.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RYMSX % Rank | |
---|---|---|---|---|
Corporate | 9.54% | 0.00% | 87.73% | 48.06% |
Securitized | 7.24% | 0.00% | 56.83% | 27.21% |
Derivative | 4.42% | 0.00% | 88.81% | 54.42% |
Municipal | 3.93% | 0.00% | 27.33% | 2.12% |
Government | 3.37% | 0.00% | 84.29% | 57.60% |
Cash & Equivalents | 0.89% | 0.27% | 100.00% | 18.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RYMSX % Rank | |
---|---|---|---|---|
US | 19.73% | -126.19% | 6311.18% | 56.18% |
Non US | 0.00% | -382.37% | 121.02% | 56.54% |
RYMSX - Expenses
Operational Fees
RYMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.04% | 0.29% | 31.15% | 50.00% |
Management Fee | 1.19% | 0.00% | 2.50% | 60.78% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 24.32% |
Administrative Fee | 0.25% | 0.01% | 0.30% | 86.30% |
Sales Fees
RYMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
RYMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RYMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 205.00% | 0.00% | 491.00% | 85.48% |
RYMSX - Distributions
Dividend Yield Analysis
RYMSX | Category Low | Category High | RYMSX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.95% | 0.00% | 4.56% | 9.89% |
Dividend Distribution Analysis
RYMSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
RYMSX | Category Low | Category High | RYMSX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.53% | -2.51% | 6.83% | 79.14% |
Capital Gain Distribution Analysis
RYMSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.816 | OrdinaryDividend |
Dec 14, 2022 | $0.420 | OrdinaryDividend |
Dec 14, 2021 | $0.208 | OrdinaryDividend |
Dec 15, 2020 | $0.254 | OrdinaryDividend |
Dec 12, 2019 | $0.509 | OrdinaryDividend |
Dec 13, 2018 | $0.042 | OrdinaryDividend |
Dec 08, 2016 | $0.036 | OrdinaryDividend |
Dec 11, 2014 | $0.186 | OrdinaryDividend |
Dec 12, 2011 | $0.165 | OrdinaryDividend |
RYMSX - Fund Manager Analysis
Managers
Michael Byrum
Start Date
Tenure
Tenure Rank
Sep 19, 2005
16.71
16.7%
Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors, Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.
Ryan Harder
Start Date
Tenure
Tenure Rank
Mar 14, 2008
14.22
14.2%
Ryan A. Harder, CFA, Managing Director and Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.
Adrian Bachman
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Mr. Bachman is a Director and Portfolio Manager of Guggenheim Investments and joined Guggenheim Investments in August of 2014. Before joining Guggenheim Investments, Mr. Bachman spent six years at Arrow Investment Advisors. As portfolio manager, Mr. Bachman managed the Arrow Dow Jones Global Yield ETF (GYLD) which provided multi asset class diversified income across five unique sources including high dividend paying global equities, real estate investment trusts, MLPs, sovereign debt and high yield corporate bonds. While at Arrow he also aided in the management of numerous other funds. Before joining Arrow Funds in June of 2008, Mr. Bachman spent eleven years at Rydex Investments in Rockville, Maryland. As portfolio manager, Mr. Bachman managed Rydex's Sector Rotation Fund and several sector funds. During the course of his tenure with Rydex, he also aided in the management of numerous other funds including Rydex's inverse, leveraged and international funds. Mr. Bachman has a bachelor's degree in finance and international business from the University of Maryland, College Park and has earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.37 | 4.48 | 1.67 |