Mutual Funds | | | Equity | | | 1.31.2019 | ||||
Guggenheim Funds Summary Prospectus | ||||||||
Class A, Class C, and Class P |
Ticker Symbol | Fund Name | ||
Class A | Class C | Class P | |
SEVAX | SEVSX | SEVPX | Guggenheim Mid Cap Value Fund |
SUMMCV-0119x0120 | guggenheiminvestments.com |
Class A | Class C | Class P | |
SHAREHOLDER FEES (fees paid directly from your investment) | |||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | 4.75% | None | None |
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) | None* | 1.00%** | None |
* | A 1.00% deferred sales charge will normally be imposed on purchases of $1,000,000 or more on Fund shares purchased without an initial sales charge that are redeemed within 12 months of purchase. |
** | A 1.00% deferred sales charge will be imposed if Fund shares are redeemed within 12 months of purchase. |
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | |||
Management Fees | 0.75% | 0.75% | 0.75% |
Distribution and Service (12b-1) Fees | 0.25% | 1.00% | 0.25% |
Other Expenses | 0.26% | 0.28% | 0.35% |
Total Annual Fund Operating Expenses | 1.26% | 2.03% | 1.35% |
Fee Waiver (and/or expense reimbursement)1 | 0.00% | 0.00% | -0.03% |
Total Annual Fund Operating Expenses After Fee Waiver (and/or expense reimbursement) | 1.26% | 2.03% | 1.32% |
1 | Security Investors, LLC, also known as Guggenheim Investments (the "Investment Manager"), has contractually agreed through February 1, 2020 to waive fees and/or reimburse expenses to the extent necessary to limit the ordinary operating expenses (including distribution (12b-1) fees (if any), but exclusive of brokerage costs, dividends on securities sold short, acquired fund fees and expenses, interest, taxes, litigation, indemnification, and extraordinary expenses) (“Operating Expenses”) of the Fund to the annual percentage of average daily net assets for each class of shares as follows: Class A-1.42%, Class C-2.12% and Class P-1.32%. The Investment Manager is entitled to reimbursement by the Fund of fees waived or expenses reimbursed during any of the previous 36 months beginning on the date of the expense limitation agreement, provided that the Operating Expenses do not exceed the then-applicable expense cap. The agreement will expire when it reaches its termination or when the Investment Manager ceases to serve as such and it can be terminated by the Fund’s Board of Trustees, with certain waived fees and reimbursed expenses subject to the recoupment rights of the Investment Manager. |
Class A | Class C | Class P | ||
Redeemed | Not Redeemed | |||
1 Year | $597 | $306 | $206 | $134 |
3 Years | $856 | $637 | $637 | $425 |
5 Years | $1,134 | $1,093 | $1,093 | $737 |
10 Years | $1,925 | $2,358 | $2,358 | $1,621 |
Highest Quarter Return Q2 2009 25.21% | Lowest Quarter Return Q3 2011 -19.78% |
Inception | 1 Year | 5 Years or Since Inception | Since Inception | |
Class A | 5/1/1997 | |||
Return Before Taxes | -17.20% | 2.04% | 9.93% | |
Return After Taxes on Distributions | -20.16% | -0.69% | 8.06% | |
Return After Taxes on Distributions and Sale of Fund Shares | -8.60% | 1.20% | 7.97% | |
Class C | 1/29/1999 | -14.46% | 2.26% | 9.75% |
Class P | 5/1/2015 | -13.11% | 3.87% | N/A |
Index | ||||
Russell 2500® Value Index (reflects no deductions for fees, expenses or taxes) | -12.36% | 4.16% | 11.62% |
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