Guggenheim SMid Cap Value Institutional Fund

Data updated: 2021-01-28

C000065512 — Guggenheim SMid Cap Value Institutional Fund. Money Market · $67.05M AUM · 1.03% expense ratio. Holdings, fees, performance and SEC filings.

C000065512 Fund Overview

Guggenheim SMid Cap Value Institutional Fund is a US mutual fund managed by Guggenheim Funds Trust, categorised as Money Market. 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: Money Market
Assets under management: $67.05M
SEC CIK: 0000088525
SEC series ID: S000022644
Share class ID: C000065512

C000065512 Investment Objective and Strategy

Guggenheim SMid Cap Value Institutional Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Guggenheim Funds Trust.

Investment objective

The Guggenheim Mid Cap Value Institutional Fund (the Fund) seeks long-term growth of capital.

Principal investment strategy

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 a diversified portfolio of equity securities, which include common stocks, rights, options, warrants, convertible debt securities, and American Depositary Receipts (ADRs), that, when purchased, have market capitalizations that are usually within the range of companies in the Russell 2500 Value Index. Although a universal definition of mid-capitalization companies does not exist, the Fund generally defines mid-capitalization companies as those whose market capitalization is similar to the market capitalization of companies in the Russell 2500 Value Index, which is an unmanaged index measuring the performance of securities of small-to-mid cap U.S.

companies with greater-than-average value orientation. As of December 31, 2017, the Russell 2500 Value Index consisted of securities of companies with market capitalizations that ranged from $3.94 million to $28.4 billion. In choosing securities, Security Investors, LLC, also known as Guggenheim Investments (the Investment Manager), primarily invests in value-oriented companies. Value-oriented companies are companies that appear to be undervalued relative to assets, earnings, growth potential or cash flows. The Investment Manager uses a blend of quantitative and fundamental analysis to identify securities that appear favorably priced and have the potential to appreciate in value. The Investment Manager regularly evaluates the metrics and data underlying the quantitative model and, from time to time, may make adjustments for a variety of reasons, including, without limitation, to account for changing market, financial or economic conditions.

The Fund may invest a portion of its assets in derivatives, including options and futures contracts. These instruments are used to hedge the Funds portfolio, to maintain exposure to the equity markets or to increase returns. The Fund may invest in a variety of investment vehicles, including those that seek to track the composition and performance of a specific index, such as exchange-traded funds (ETFs) and other mutual funds. The Fund may use these investments as a way of managing its cash position or to gain exposure to the equity markets or a particular sector of the equity markets. These investments may be more liquid than investing directly in individual issuers. Certain investment vehicles securities and other securities in which the Fund may invest are restricted securities (consisting of securities originally issued in reliance on Rule 144A and Regulation S securities), which may be illiquid.

The Fund typically sells a security when its issuer is no longer considered a value company, shows deteriorating fundamentals or falls short of the Investment Managers expectations, among other reasons. The Fund may invest in a limited number of industries or industry sectors, including the technology and financial sectors. 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.

C000065512 Costs and Fees

C000065512 costs about $103 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.03%
Gross expense ratio: 1.09%
Portfolio turnover: 24%
Brokerage commissions: 13.19 bps of average net assets (SEC N-CEN)

C000065512 Cashflows

Over the 12 months to 2019-12, Guggenheim SMid Cap Value Institutional Fund had net inflows of $4.15M, from monthly SEC N-PORT filings.

Month	Net flow
2019-12	$8.12M
2019-11	−$293.65K
2019-10	−$663.61K
2019-09	−$211.06K
2019-08	−$439.92K
2019-07	−$2.36M

C000065512 Debt Constituents

No individual debt constituents are reported in Guggenheim SMid Cap Value Institutional Fund's latest SEC N-PORT filing.

C000065512 Prospectus and SEC Filings

Official Guggenheim SMid Cap Value Institutional Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.