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Guggenheim Floating Rate Strats A GIFAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
25.09  /  0.01 %
Total Assets
915.2 Mil
Adj. Expense Ratio
1.020%
Expense Ratio
1.090%
Fee Level
Average
Longest Manager Tenure
9.83 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
2,500
Status
Open
TTM Yield
3.50%
Effective Duration
0.60 years

USD | NAV as of Sep 27, 2021 | 1-Day Return as of Sep 27, 2021, 10:05 PM GMT+00:00

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Morningstar’s Analysis

Will GIFAX outperform in future?

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

Process Pillar

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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

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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

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

Stiff headwinds can make life difficult, even for those with impressive credentials.

Strategist

Summary

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Guggenheim Floating Rate Strategies boasts a credit staff rivaling that of any peers and a meticulous research process. Excess returns are notoriously difficult to grasp in the bank-loan Morningstar Category, though, and all of the strategy's shares carry a Morningstar Analyst Rating of Neutral.

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