Guggenheim Floating Rate Strategies Fund Class A GIFAX

Morningstar Medalist Rating
  • NAV / 1-Day Return$22.75  /  +0.04%
  • Fund Size$460.7M
  • Adjusted Expense Ratio1.010%
  • Net Expense Ratio1.030%
  • Fee Level: DistributionAverage
  • Share Class TypeFront Load
  • Morningstar CategoryBank Loan
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$2,500
  • Investment StatusOpen
  • TTM Yield6.39%
  • Average Effective Duration0.28 yrs

Morningstar’s Analysis GIFAX

Will GIFAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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.

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Portfolio Holdings GIFAX

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