SIHPX Fees and Costs — Guggenheim High Yield Fund, Class P
Data updated: 2026-08-31
The net expense ratio is 0.91%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.42% other expenses, less a 0.36% fee waiver. This share class carries a redemption fee of 2.00%. Portfolio turnover was 49%.
SIHPX Fees and Expenses
Annual operating expenses and sales charges of SIHPX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SIHPX Costs Over Time
On $10,000 invested in SIHPX, assuming 5% a year before costs, total costs come to $570 over 5 years, cutting the return by 0.96% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.91%) | $96 | $298 | $518 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $313 | $570 |
| Value after costs | $10,404 | $11,263 | $12,193 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
SIHPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $142.0M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
SIHPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $29.8M | 26.50% |
| BOFA SECURITIES, INC. | $21.5M | 19.10% |
| J.P. MORGAN SECURITIES LLC | $14.2M | 12.65% |
| Morgan Stanley & Co. LLC | $12.7M | 11.28% |
| JEFFERIES LLC | $8.1M | 7.24% |
| WELLS FARGO SECURITIES, LLC | $6.2M | 5.50% |
| BARCLAYS CAPITAL INC. | $5.7M | 5.04% |
| Citigroup Global Markets Inc. | $5.2M | 4.60% |
| BNP PARIBAS SECURITIES CORP. | $4.9M | 4.40% |
| UBS SECURITIES LLC | $4.2M | 3.69% |
Guggenheim High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SHYIX | Institutional Class | 0.66% | none |
| SHYSX | Class R6 | 0.66% | none |
| SIHAX | Class A | 0.91% | 4.00% |
| SIHPX | Class P | 0.91% | none |
| SIHSX | Class C | 1.66% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.