Guggenheim Long Short Equity Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.6%
1 yr return
20.3%
3 Yr Avg Return
6.1%
5 Yr Avg Return
7.7%
Net Assets
$17.7 M
Holdings in Top 10
19.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 233.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RYQTX - Profile
Distributions
- YTD Total Return 12.6%
- 3 Yr Annualized Total Return 6.1%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.55%
- Dividend Yield 0.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameGuggenheim Long Short Equity Fund
-
Fund Family NameGuggenheim
-
Inception DateNov 30, 2011
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBurak Hurmeydan
Fund Description
RYQTX - Performance
Return Ranking - Trailing
Period | RYQTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.6% | -8.0% | 16.6% | 5.95% |
1 Yr | 20.3% | -13.6% | 38.4% | 17.26% |
3 Yr | 6.1%* | -20.5% | 27.1% | 24.32% |
5 Yr | 7.7%* | -4.1% | 25.3% | 31.11% |
10 Yr | 5.0%* | -4.0% | 10.1% | 40.30% |
* Annualized
Return Ranking - Calendar
Period | RYQTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.9% | -17.3% | 43.8% | 19.05% |
2022 | -14.4% | -54.0% | 17.4% | 67.32% |
2021 | 23.5% | -40.0% | 54.1% | 12.93% |
2020 | 5.2% | -47.6% | 88.4% | 40.43% |
2019 | 5.0% | -20.3% | 62.6% | 75.19% |
Total Return Ranking - Trailing
Period | RYQTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.6% | -8.0% | 16.6% | 5.95% |
1 Yr | 20.3% | -13.6% | 38.4% | 17.26% |
3 Yr | 6.1%* | -20.5% | 27.1% | 24.32% |
5 Yr | 7.7%* | -4.1% | 25.3% | 31.11% |
10 Yr | 5.0%* | -4.0% | 10.1% | 40.30% |
* Annualized
Total Return Ranking - Calendar
Period | RYQTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | -14.5% | 43.8% | 32.74% |
2022 | -13.9% | -54.0% | 50.3% | 79.74% |
2021 | 24.0% | -40.0% | 61.6% | 18.37% |
2020 | 5.8% | -29.9% | 91.0% | 46.81% |
2019 | 6.0% | -17.9% | 79.4% | 76.69% |
NAV & Total Return History
RYQTX - Holdings
Concentration Analysis
RYQTX | Category Low | Category High | RYQTX % Rank | |
---|---|---|---|---|
Net Assets | 17.7 M | 1.08 M | 6.67 B | 91.12% |
Number of Holdings | 216 | 3 | 1788 | 27.71% |
Net Assets in Top 10 | 3.04 M | 474 K | 2.09 B | 94.58% |
Weighting of Top 10 | 19.66% | 0.4% | 182.8% | 89.76% |
Top 10 Holdings
- MS Equity Custom Basket 5.55%
- GS Equity Custom Basket 5.51%
- Microsoft Corp. 1.81%
- Invesco Treasury Obligations Portfolio 1.64%
- QUALCOMM, Inc. 0.88%
- Merck Company, Inc. 0.86%
- Johnson Johnson 0.86%
- Toll Brothers, Inc. 0.85%
- Visa, Inc. 0.85%
- Thermo Fisher Scientific, Inc. 0.85%
Asset Allocation
Weighting | Return Low | Return High | RYQTX % Rank | |
---|---|---|---|---|
Stocks | 95.05% | 0.00% | 102.24% | 9.04% |
Other | 4.47% | -45.12% | 99.51% | 10.24% |
Cash | 1.64% | 0.00% | 102.08% | 94.58% |
Preferred Stocks | 0.00% | 0.00% | 8.29% | 70.48% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 65.00% |
Bonds | 0.00% | 0.00% | 178.67% | 72.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RYQTX % Rank | |
---|---|---|---|---|
Financial Services | 20.36% | 0.00% | 83.83% | 27.34% |
Technology | 17.93% | 0.00% | 43.24% | 52.52% |
Healthcare | 14.77% | 0.00% | 100.00% | 51.08% |
Consumer Cyclical | 11.73% | 0.00% | 88.83% | 28.78% |
Utilities | 8.16% | 0.00% | 21.71% | 11.51% |
Industrials | 7.25% | 0.00% | 31.93% | 71.94% |
Communication Services | 7.17% | 0.00% | 32.32% | 46.76% |
Basic Materials | 4.34% | 0.00% | 28.58% | 37.41% |
Consumer Defense | 2.92% | 0.00% | 33.38% | 76.26% |
Real Estate | 2.87% | 0.00% | 10.93% | 32.37% |
Energy | 2.49% | 0.00% | 32.57% | 67.63% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RYQTX % Rank | |
---|---|---|---|---|
US | 95.05% | 0.00% | 102.24% | 9.04% |
Non US | 0.00% | -3.09% | 67.69% | 68.67% |
RYQTX - Expenses
Operational Fees
RYQTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.49% | 0.42% | 8.51% | 81.07% |
Management Fee | 0.90% | 0.00% | 2.50% | 24.85% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.25% | 0.03% | 1.54% | 82.05% |
Sales Fees
RYQTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
RYQTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RYQTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 233.00% | 0.00% | 479.00% | 84.85% |
RYQTX - Distributions
Dividend Yield Analysis
RYQTX | Category Low | Category High | RYQTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.34% | 0.00% | 27.29% | 77.38% |
Dividend Distribution Analysis
RYQTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
RYQTX | Category Low | Category High | RYQTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.55% | -3.33% | 2.16% | 11.98% |
Capital Gain Distribution Analysis
RYQTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.080 | OrdinaryDividend |
Dec 14, 2022 | $0.105 | OrdinaryDividend |
Dec 14, 2021 | $0.099 | OrdinaryDividend |
Dec 15, 2020 | $0.105 | OrdinaryDividend |
Dec 12, 2019 | $0.154 | OrdinaryDividend |
Dec 21, 2012 | $0.016 | ExtraDividend |
RYQTX - Fund Manager Analysis
Managers
Burak Hurmeydan
Start Date
Tenure
Tenure Rank
Jun 30, 2017
4.92
4.9%
Burak Hurmeydan, Ph.D., is a Director and Portfolio Manager of Guggenheim Partners. Dr. Hurmeydan joined Guggenheim in 2011 as an Analyst of Quantitative Strategies. Before joining Guggenheim, he was a Quantitative Risk/Research Analyst with Citadel Asset Management from 2008 to 2009. He earned his B.S. in Economics from Eastern Mediterranean University and an M.S. degree in Economics from Louisiana State University. Dr. Hurmeydan earned a Ph.D. in Economics with a specialization in Financial Econometrics from Louisiana State University.
Samir Sanghani
Start Date
Tenure
Tenure Rank
Jun 30, 2017
4.92
4.9%
Samir Sanghani’s responsibilities include equity portfolio management, research, and development of strategies as head of the Quantitative Strategies Group in Santa Monica. He also leads a team of fundamental sector analysts covering US equities. Prior to joining Guggenheim in 2008, he was portfolio manager of a value/opportunistic equity hedge fund. Mr. Sanghani also served as VP of Operations and Chief Compliance Officer at a multi-manager hedge fund firm offering fundamental and quantitative equity long/short strategies. Prior to this, he was a Management Consultant for six years at PricewaterhouseCoopers. Mr. Sanghani holds a B.S. degree in Electrical and Computer Engineering from Rice University and an MBA from M.I.T. Sloan School of Management. He has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 6.07 | 7.93 |