Morningstar

Guggenheim Floating Rate Strategies Fund Class A GIFAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Guggenheim Investment Hub
  • NAV / 1-Day Return $22.71  /  −0.09 %
  • Fund Size $463.9M
  • Adjusted Expense Ratio 1.010%
  • Net Expense Ratio 1.030%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 6.41%
  • Average Effective Duration 0.28 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis GIFAX

Will GIFAX outperform in the 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 GIFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GIFAX 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 GIFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A prudent approach has worked well over the long term.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

Guggenheim Floating Rate pairs expansive resources with a comparatively less-aggressive style, including four named managers who help marshal those resources. CIO Anne Walsh and CIO of fixed income Steven Brown have kept in place the model designed by Walsh's predecessor Scott Minerd, who passed away in 2022. Tom Hauser, a senior member of the group’s corporate credit investment committee, and trader Christopher Keywork both joined the strategy in 2023 and are more involved in running it day to day.

by Eric Jacobson
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings GIFAX

More GIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes US Treas Cash Res IS

4.25 22M
Cash and Equivalents

State Street® Blackstone Senior Loan ETF

1.91 10M
—

Usd/Eur Fwd 20260715 8628

1.90 10M
Derivative

Virgin Media Bristol Llc

1.03 5M
Corporate

Nexus Buyer Llc

0.95 5M
Corporate

Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc. 4.625%

0.95 5M
Corporate

Jane Street Group Llc

0.91 5M
Corporate

Boxer Parent Co Inc

0.88 5M
Corporate

Planview Parent Inc

0.78 4M
Corporate

Ardonagh Group Ltd

0.78 4M
Corporate

Sponsor Center