Guggenheim High Yield boasts considerable research resources and a dynamic process that has performed well under its current leadership. We are upgrading its Process Pillar rating to Above Average but expense hurdles leave its cheapest shares with a Bronze Analyst Rating and all others at Neutral.
Guggenheim High Yield A SIHAX
NAV / 1-Day Return
10.75
/
0.24
%
Total Assets
353.5 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.110%
Expense Ratio
1.200%
Fee Level
High
Longest Manager Tenure
9.42
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
2,500
Status
Open
TTM Yield
4.40%
Effective Duration
—
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will SIHAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SIHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the SIHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of SIHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Our view of this offering has improved, but it remains undermined by cost hurdles.
