|Guggenheim Investments, P.O. Box 758567 , Topeka, KS 66675|
|Fund Manager||Michael Byrum|
|Manager Tenure||16 Years 3 Months|
The Fund seeks to provide investment results that match, before fees and expenses, the performance of a specific benchmark on a daily basis. The Funds current benchmark is 200% of the inverse (opposite) of the performance of the Dow Jones Industrial Average (the underlying index). The Fund does not seek to achieve its investment objective over a period of time greater than one day. he Fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, securities indices, and futures contracts. While the Fund may write (sell) and purchase swaps, it expects primarily to write swaps. The Advisor attempts to consistently apply leverage to increase the Fund's exposure to -200% of the underlying index, and expects tore balance the Fund's holdings daily to maintain such exposure. The Funds investment in derivatives serves as a substitute for directly selling short each of the securities included in the underlying index. Certain of the Fund s derivatives investments may be traded in the over-the-counter (OTC)market. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index.
|Asset Type||% Of Allocation|
|Total Net Assets||1.12 M|
|Criteria||3 Years||5 Years||10 Years|
|Minimum Initial IRA||$1000|
|Timeframe||Average Annual Current Performance Monthly As Of 08/31/2021||Average Annual Current Performance Quarterly As Of 06/30/2021||Avg Annual Current Performance Monthly As Of 08/31/2021||Avg Annual Current Performance Quarterly As Of 06/30/2021|
|Life Of Fund||
Join the Action Alerts PLUS Community today!
Amazon's Whole Foods Market is ending free deliveries for Amazon Prime members, as it will add a $9.95 service fee beginning in October.
Intel broke ground on two new computer chip factories in Arizona as part of a $20 billion project to help meet the high demand for semiconductors in the U.S.
See the latest news for the top stocks in the electric vehicle space including Tesla, Ford, General Motors, Li Auto and more.