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Guggenheim StylePlus - Mid Growth Fund
mutual fund
GIUIX
Payout Change
Pending
Price as of:
$40.49
+0.21
+0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
GIUIX (Mutual Fund)
Guggenheim StylePlus - Mid Growth Fund
Payout Change
Pending
Price as of:
$40.49
+0.21
+0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
GIUIX (Mutual Fund)
Guggenheim StylePlus - Mid Growth Fund
Payout Change
Pending
Price as of:
$40.49
+0.21
+0.52%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
24.6%
1 yr return
27.7%
3 Yr Avg Return
5.5%
5 Yr Avg Return
11.8%
Net Assets
$76.6 M
Holdings in Top 10
85.3%
52 WEEK LOW AND HIGH
$40.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GIUIX - Profile
Distributions
- YTD Total Return 24.6%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 11.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.14%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGuggenheim StylePlus - Mid Growth Fund
-
Fund Family NameGuggenheim
-
Inception DateMar 01, 2012
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFarhan Sharaff
Fund Description
The Fund seeks to exceed the total return of the Russell Midcap® Growth Index (the “Index”). The Fund pursues its objective by investing, under normal circumstances, at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in: (i) equity securities issued by companies that have market capitalizations within the range of companies in the Index; (ii) investment vehicles that provide exposure to companies that have market capitalizations within the range of companies in the Index; and (iii) equity derivatives that, when purchased, provide exposure to (i.e., economic characteristics similar to) equity securities of companies with market capitalizations usually within the range of companies in the Index and equity derivatives based on mid-capitalization indices, including mid-capitalization growth indices deemed appropriate by Security Investors, LLC, also known as Guggenheim Investments (the “Investment Manager”). The Fund will usually also invest in fixed-income instruments and cash investments to collateralize derivatives positions and to increase investment return. As of December 31, 2023, the Index consisted of securities of companies with market capitalizations that ranged from approximately $669.6 million to $73.3 billion.Equity securities in which the Fund may invest include common stocks, rights and warrants, and American Depositary Receipts (“ADRs”). Derivatives in which the Fund may invest include options, futures contracts, swap agreements (including but not limited to total return swap agreements), and forward contracts (some of these instruments may be traded in the over-the-counter market). Fixed-income securities and other securities in which the Fund may invest include debt securities selected from a variety of sectors and credit qualities (principally, investment grade), principally, corporate bonds, participations in and assignments of syndicated bank loans, asset-backed securities (including mortgage-backed securities, collateralized debt obligations (“CDOs”), collateralized loan obligations (“CLOs”) and other structured finance investments), U.S. government and agency securities (including those not backed by the full faith and credit of the U.S. government), mezzanine and preferred securities, commercial paper, zero-coupon bonds, non-registered or restricted securities (consisting of securities originally issued in reliance on Rule 144A and Regulation S), step-up securities (such as step-up bonds) and convertible securities that the Investment Manager believes offer attractive yield and/or capital appreciation potential. The Fund may invest in securities listed, traded or dealt in other countries. The Fund may hold securities of any duration or maturity. Fixed-income securities in which the Fund may invest may pay fixed or variable rates of interest. The Fund may invest in a variety of investment vehicles, principally closed-end funds, exchange-traded funds (“ETFs”) and other mutual funds.Allocation decisions within the actively managed equity, passive equity and actively managed fixed-income sleeves are at the discretion of the Investment Manager and are based on the Investment Manager’s judgment of the current investment environment (including market volatility), the attractiveness of each asset category, the correlations among Index components, individual positions or each asset category, and expected returns. In selecting investments for the Fund, the Investment Manager uses quantitative analysis, credit research and due diligence on issuers, regions and sectors to select the Fund’s investments and other proprietary strategies to identify securities and other assets that, in combination, are expected to contribute to exceeding the total return of the Index.Derivative instruments may be used extensively by the Investment Manager to maintain exposure to the equity and fixed-income markets, to hedge the Fund’s portfolio, or to increase returns. The Investment Manager may determine to sell a security for several reasons including the following: (1) to meet redemption requests; (2) to close-out or unwind derivatives transactions; (3) to realize gains; or (4) if market conditions change.The Fund invests a substantial portion of its assets in investment companies advised by the Investment Manager, or an affiliate of the Investment Manager, that invest in short-term fixed-income or floating rate securities (“Guggenheim short-term funds”). These funds are designed primarily to provide an alternative to investing directly and separately in various short-term fixed-income or floating rate securities. The Fund invests in these investment companies for various portfolio management purposes, including for cash management and liquidity management purposes and to seek to obtain exposure with a higher level of return on investments used to collateralize derivatives positions and achieve greater diversification and trading efficiency than would usually be experienced by investing directly and separately in fixed-income or floating rate securities. Investments by the Fund in these investment companies significantly increase the Fund’s exposure to the following asset categories: (i) a broad range of high yield, high risk debt securities rated below the top four long-term rating categories by a nationally recognized statistical rating organization (also known as “junk bonds”) or, if unrated, determined by the Investment Manager, to be of comparable quality; (ii) CLOs, other asset-backed securities and similarly structured debt investments; and (iii) other short-term fixed or floating rate debt securities. Such investments expose the Fund to the risks of these asset categories and decreases in the value of these investments may cause the Fund to deviate from its investment objective.Under adverse or unstable market conditions or abnormal circumstances, the Fund could invest some or all of its assets in cash, derivatives, fixed-income instruments, government bonds, money market instruments, repurchase agreements or securities of other investment companies. The Fund may be unable to pursue or achieve its investment objective during that time and temporary investments could reduce the benefit from any upswing in the market.
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GIUIX - Performance
Return Ranking - Trailing
| Period | GIUIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.6% | 4.4% | 113.0% | 38.25% |
| 1 Yr | 27.7% | 9.9% | 118.3% | 41.55% |
| 3 Yr | 5.5%* | -14.1% | 62.2% | 21.76% |
| 5 Yr | 11.8%* | -2.1% | 104.0% | 42.17% |
| 10 Yr | 11.3%* | 3.1% | 26.0% | 43.25% |
* Annualized
Return Ranking - Calendar
| Period | GIUIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.6% | -27.7% | 68.0% | 21.98% |
| 2022 | -48.6% | -85.6% | 52.8% | 94.91% |
| 2021 | 6.4% | -74.9% | 238.3% | 27.42% |
| 2020 | 15.2% | -44.1% | 2474.5% | 81.46% |
| 2019 | 29.4% | -50.2% | 44.0% | 31.83% |
Total Return Ranking - Trailing
| Period | GIUIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.6% | 4.4% | 113.0% | 38.25% |
| 1 Yr | 27.7% | 9.9% | 118.3% | 41.55% |
| 3 Yr | 5.5%* | -14.1% | 62.2% | 21.76% |
| 5 Yr | 11.8%* | -2.1% | 104.0% | 42.17% |
| 10 Yr | 11.3%* | 3.1% | 26.0% | 43.25% |
* Annualized
Total Return Ranking - Calendar
| Period | GIUIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 26.7% | -26.1% | 68.0% | 13.42% |
| 2022 | -27.5% | -67.0% | 56.8% | 47.55% |
| 2021 | 13.7% | -23.5% | 342.2% | 44.15% |
| 2020 | 31.9% | 2.6% | 2549.1% | 65.83% |
| 2019 | 32.4% | 14.6% | 44.8% | 57.63% |
NAV & Total Return History
GIUIX - Holdings
Concentration Analysis
| GIUIX | Category Low | Category High | GIUIX % Rank | |
|---|---|---|---|---|
| Net Assets | 76.6 M | 2.73 M | 100 B | 89.15% |
| Number of Holdings | 114 | 24 | 3569 | 19.77% |
| Net Assets in Top 10 | 66.2 M | 670 K | 11.3 B | 78.29% |
| Weighting of Top 10 | 85.30% | 4.5% | 97.8% | 1.16% |
Top 10 Holdings
- Guggenheim Strategy Fund II 34.52%
- Guggenheim Strategy Fund III 29.49%
- Russell MidCap Growth Index Total Return 9.06%
- Dreyfus Treasury Securities Cash Management Fund - Institutional Shares 6.32%
- Guggenheim Ultra Short Duration Fund - Institutional Class 2.96%
- Carlisle Companies, Inc. 0.67%
- EMCOR Group, Inc. 0.61%
- Lennox International, Inc. 0.58%
- Owens Corning 0.56%
- Toll Brothers, Inc. 0.53%
Asset Allocation
| Weighting | Return Low | Return High | GIUIX % Rank | |
|---|---|---|---|---|
| Stocks | 93.61% | 58.72% | 103.99% | 92.64% |
| Other | 9.06% | -0.11% | 14.45% | 2.71% |
| Cash | 6.32% | 0.00% | 28.07% | 8.33% |
| Convertible Bonds | 0.05% | 0.00% | 0.40% | 0.58% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 55.04% |
| Bonds | 0.00% | 0.00% | 2.73% | 52.91% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GIUIX % Rank | |
|---|---|---|---|---|
| Technology | 26.30% | 0.04% | 62.17% | 69.57% |
| Consumer Cyclical | 16.50% | 0.00% | 57.41% | 29.46% |
| Healthcare | 15.66% | 0.00% | 37.06% | 70.93% |
| Financial Services | 14.83% | 0.00% | 43.01% | 11.82% |
| Industrials | 12.64% | 0.00% | 38.23% | 68.80% |
| Basic Materials | 8.05% | 0.00% | 17.25% | 3.68% |
| Energy | 4.42% | 0.00% | 62.10% | 18.22% |
| Real Estate | 1.16% | 0.00% | 19.28% | 67.64% |
| Consumer Defense | 0.34% | 0.00% | 16.40% | 77.33% |
| Communication Services | 0.08% | 0.00% | 18.33% | 85.27% |
| Utilities | 0.01% | 0.00% | 12.94% | 25.78% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GIUIX % Rank | |
|---|---|---|---|---|
| US | 93.61% | 46.79% | 103.99% | 81.98% |
| Non US | 0.00% | 0.00% | 34.12% | 60.66% |
GIUIX - Expenses
Operational Fees
| GIUIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.59% | 0.02% | 17.54% | 19.38% |
| Management Fee | 0.75% | 0.00% | 1.50% | 56.89% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | 11.11% |
Sales Fees
| GIUIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GIUIX 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.
| GIUIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 44.00% | 0.00% | 250.31% | 55.27% |
GIUIX - Distributions
Dividend Yield Analysis
| GIUIX | Category Low | Category High | GIUIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.00% | 0.00% | 33.43% | 5.43% |
Dividend Distribution Analysis
| GIUIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| GIUIX | Category Low | Category High | GIUIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.14% | -2.24% | 2.75% | 12.40% |
Capital Gain Distribution Analysis
| GIUIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.804 | OrdinaryDividend |
| Dec 15, 2022 | $10.993 | OrdinaryDividend |
| Dec 16, 2021 | $3.348 | OrdinaryDividend |
| Dec 17, 2020 | $6.993 | OrdinaryDividend |
| Dec 19, 2019 | $0.530 | OrdinaryDividend |
| Dec 19, 2019 | $0.460 | CapitalGainLongTerm |
| Dec 20, 2018 | $1.046 | CapitalGainShortTerm |
| Dec 20, 2018 | $7.474 | CapitalGainLongTerm |
| Dec 20, 2018 | $0.522 | OrdinaryDividend |
| Dec 21, 2017 | $5.451 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.061 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.405 | OrdinaryDividend |
| Dec 01, 2016 | $0.311 | OrdinaryDividend |
| Dec 03, 2015 | $0.125 | OrdinaryDividend |
| Dec 03, 2015 | $0.406 | CapitalGainShortTerm |
| Dec 03, 2015 | $4.957 | CapitalGainLongTerm |
| Dec 04, 2014 | $5.029 | CapitalGainShortTerm |
GIUIX - Fund Manager Analysis
Managers
Farhan Sharaff
Start Date
Tenure
Tenure Rank
Apr 18, 2013
9.12
9.1%
Farhan Sharaff has served as a Portfolio Manager for each Fund since 2017. He is Assistant Chief Investment Officer, Equities, Senior Managing Director and Portfolio Manager of Guggenheim Partners. Mr. Sharaff joined Guggenheim Partners in May 2009. Mr. Sharaff has more than 30 years of experience in investment research and investment management. Prior to joining Guggenheim Partners, he was a Partner and Chief Investment Officer at MJX Capital Advisors, a wealth management firm focused on providing advice and investment management for its clients, especially in the traditional and alternative asset classes and Guggenheim Investments plc. Prior to that, Mr. Sharaff served as the global Chief Investment Officer at CIGNA Corporation, Zurich Scudder Investments and Citigroup. In all of the above engagements, Mr. Sharaff was responsible for research, investment management, product development and investment risk management. He was also a member of the business management teams at Citigroup and Zurich Scudder. Mr. Sharaff has a B.S. in Electrical Engineering from the University of Aston (U.K.) and an MBA in Finance from the Manchester Business School (U.K.). In addition, Mr. Sharaff sits on boards of CITIC Capital Asset Management, Clarfeld Financial Advisors, and Guggenheim Global Investment plc.
Qi Yan
Start Date
Tenure
Tenure Rank
Apr 30, 2016
6.09
6.1%
Qi Yan, Managing Director and Portfolio Manager in equity and equity derivative strategies of Guggenheim Partners. Mr. Yan joined Guggenheim Partners in 2005. In addition to his portfolio management responsibilities, Mr. Yan works closely with institutional clients in developing and implementing customized risk management solutions. Mr. Yan earned his M.S. in Statistics from Yale University, and his B.S. in Mathematics from Cambridge University.
Adam Bloch
Start Date
Tenure
Tenure Rank
Nov 02, 2018
3.58
3.6%
Adam Bloch, Managing Director and Portfolio Manager of Guggenheim Partners. Mr. Bloch joined Guggenheim Partners in 2012 and is a Portfolio Manager for the firm's Active Fixed Income and Total Return mandates. Mr. Bloch works with the Chief Investment Officers and other Portfolio Managers to develop portfolio strategy that is in line with the firm’s views. He oversees strategy implementation, working with research analysts and traders to generate trade ideas, hedge portfolios, and manage day-to-day risk. Prior to joining Guggenheim Partners, he worked in Leveraged Finance at Bank of America Merrill Lynch in New York where he structured high-yield bonds and leveraged loans for leveraged buyouts, restructurings, and corporate refinancings across multiple industries. Mr. Bloch graduated from the University of Pennsylvania.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.42 | 11.76 |
