Guggenheim High Yield Fund Q4 2025 Commentary

Guggenheim Investments10 FollowersFollow5ShareSavePlay(4min)CommentsSummaryThe High Yield Fund (Institutional Class) returned 1.28 percent in the fourth quarter, compared with the 1.31 percent return for its benchmark.The Guggenheim High Yield Fund portfolio benefitted from strong credit selection in capital goods and basic industry as the portfolio benefitted from a few positive credit outcomes.The Guggenheim High Yield Fund remained positioned up in quality versus the benchmark, driven by an underweight to CCCs and distressed credit.Guggenheim management continues to see opportunities to invest in credits that are trading cheap relative to their fundamentals and their risk of default/loss.The high yield last 12 months (LTM) default rate of 1.2 percent was largely unchanged compared to last quarter and remains below its long-term average. peshkov/iStock via Getty Images Performance Review The Fund (Institutional Class) returned 1.28 percent in the fourth quarter, compared with the 1.31 percent return for its benchmark, the Bloomberg U.S.

High Yield Corporate Index. The portfolio benefitted from strong credit This article was written byGuggenheim Investments10 FollowersFollowGuggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. Note: This account is not managed or monitored by Guggenheim Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Guggenheim Investments' official channels.