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Morningstar

Guggenheim Floating Rate Strats A GIFAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
23.76  /  0.05 %
Total Assets
1.2 Bil
Adj. Expense Ratio
1.040%
Expense Ratio
1.080%
Fee Level
Above Average
Longest Manager Tenure
10.99 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
3.99%
Effective Duration
0.09 years

USD | NAV as of Nov 25, 2022 | 1-Day Return as of Nov 25, 2022, 11:17 PM GMT+00:00

Morningstar’s Fund Analysis GIFAX

Will GIFAX outperform in 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.

This offering's Morningstar Analyst Ratings are more about its fees and a sector thin on excess returns than its otherwise considerable capabilities.

Strategist

Summary

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Guggenheim Floating Rate Strategies boasts a credit staff rivaling that of any peer and a meticulous ‎research process. Limits on its peer-group excess-return potential as well as its own fee headwinds ‎play a role in keeping all of the strategy's Morningstar Analyst Ratings at Neutral.‎

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