Guggenheim StylePlus-Large Core Fund
Data updated: 2024-12-13
C000023958 — Guggenheim StylePlus-Large Core Fund. United States Large Cap Blend / Core Equity · $264.18M AUM. Holdings, fees, performance and SEC filings.
C000023958 Fund Overview
Guggenheim StylePlus-Large Core Fund is a US mutual fund managed by Guggenheim Funds Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Guggenheim Funds Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $264.18M
- 1-year return: 37.4%
- SEC CIK: 0000088525
- SEC series ID: S000008805
- Share class ID: C000023958
C000023958 Investment Objective and Strategy
Guggenheim StylePlus-Large Core Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Guggenheim Funds Trust.
Investment objective
Guggenheim StylePlusLarge Core Fund (the Fund) seeks long-term growth of capital.
Principal investment strategy
The Fund seeks to exceed the total return of the S&P 500 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 large-capitalization indices, including large-capitalization growth indices and large capitalization value 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, 2017, the Index consisted of securities of companies with capitalizations that ranged from $3.4 billion to $867.5 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 Guggenheim Investments 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 asset categories are at the discretion of the Investment Manager and are based on the Investment Managers 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 Funds 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 Funds 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. These funds are designed primarily to provide an alternative to investing directly 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 Funds 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, unstable or abnormal market conditions, 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.
C000023958 Holdings
Top 10 holdings of Guggenheim StylePlus-Large Core Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Guggenheim Partners Investment Management LLC | 31.48% |
| Guggenheim Partners Investment Management LLC | 27.32% |
| Guggenheim Partners Investment Management LLC | 12.84% |
| Wells Fargo Bank, N.A. | 12.82% |
| Dreyfus Treasury Securities Ca | 4.99% |
| Microsoft Corp | 1.60% |
| Apple Inc | 1.40% |
| NVIDIA Corp | 1.34% |
| Amazon.com Inc | 0.79% |
| Alphabet Inc | 0.73% |
C000023958 Portfolio Allocation
Asset-class allocation of Guggenheim StylePlus-Large Core Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.4% |
| Derivatives | 12.8% |
| Cash & Equivalents | 5.0% |
C000023958 Performance
Total returns for C000023958 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 37.4% |
| 3 years (annualised) | 10.7% |
| 5 years (annualised) | 15.0% |
C000023958 Risk Information
Risk metrics for C000023958, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.5%
C000023958 Costs and Fees
C000023958 costs about $157 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.57%
- Gross expense ratio: 1.61%
- Portfolio turnover: 56%
- Brokerage commissions: 0.86 bps of average net assets (SEC N-CEN)
C000023958 Cashflows
Over the 12 months to 2024-09, Guggenheim StylePlus-Large Core Fund had net outflows of $14.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$2.33M |
| 2024-08 | −$2.02M |
| 2024-07 | −$3.06M |
| 2024-06 | −$1.23M |
| 2024-05 | −$1.52M |
| 2024-04 | −$2.06M |
C000023958 Debt Constituents
No individual debt constituents are reported in Guggenheim StylePlus-Large Core Fund's latest SEC N-PORT filing.
C000023958 Prospectus and SEC Filings
Official Guggenheim StylePlus-Large Core Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2024-02-02
- Prospectus supplement (497) — filed 2023-05-26
- Prospectus supplement (497) — filed 2023-02-03
- Portfolio holdings (N-PORT) — filed 2024-11-29
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Annual census (N-CEN) — filed 2024-12-13
- Annual census (N-CEN) — filed 2023-12-12
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.