Guggenheim Floating Rate Strategies Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.7%
1 yr return
10.4%
3 Yr Avg Return
5.4%
5 Yr Avg Return
5.2%
Net Assets
$998 M
Holdings in Top 10
13.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GIFSX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return 5.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.66%
- Dividend Yield 9.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGuggenheim Floating Rate Strategies Fund
-
Fund Family NameGuggenheim
-
Inception DateMar 13, 2019
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerB. Scott Minerd
Fund Description
GIFSX - Performance
Return Ranking - Trailing
Period | GIFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | -1.9% | 4.6% | 55.56% |
1 Yr | 10.4% | -5.4% | 15.5% | 47.89% |
3 Yr | 5.4%* | -5.6% | 7.3% | 20.16% |
5 Yr | 5.2%* | -7.2% | 37.1% | 3.85% |
10 Yr | N/A* | -2.0% | 19.3% | 14.90% |
* Annualized
Return Ranking - Calendar
Period | GIFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.8% | -12.0% | 11.1% | 22.61% |
2022 | -5.5% | -22.9% | 5.1% | 11.42% |
2021 | 1.5% | -12.2% | 11.1% | 24.19% |
2020 | -2.5% | -14.1% | 289.8% | 49.79% |
2019 | N/A | -8.1% | 7.5% | N/A |
Total Return Ranking - Trailing
Period | GIFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | -1.9% | 4.6% | 55.56% |
1 Yr | 10.4% | -5.4% | 15.5% | 47.89% |
3 Yr | 5.4%* | -5.6% | 7.3% | 20.16% |
5 Yr | 5.2%* | -7.2% | 37.1% | 3.85% |
10 Yr | N/A* | -2.0% | 19.3% | 15.31% |
* Annualized
Total Return Ranking - Calendar
Period | GIFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.0% | -12.0% | 22.1% | 30.27% |
2022 | -0.5% | -22.9% | 5.1% | 9.06% |
2021 | 5.9% | -10.2% | 11.1% | 22.18% |
2020 | 2.1% | -14.1% | 306.9% | 40.51% |
2019 | N/A | -3.6% | 10.5% | N/A |
NAV & Total Return History
GIFSX - Holdings
Concentration Analysis
GIFSX | Category Low | Category High | GIFSX % Rank | |
---|---|---|---|---|
Net Assets | 998 M | 29.9 M | 13.5 B | 39.84% |
Number of Holdings | 306 | 2 | 1358 | 60.87% |
Net Assets in Top 10 | 138 M | -191 M | 2.48 B | 41.11% |
Weighting of Top 10 | 13.57% | 5.2% | 100.8% | 57.14% |
Top 10 Holdings
- Federated Hermes U.S. Treasury Cash Reserves Fund - Institutional Shares 3.72%
- SPDR Blackstone Senior Loan ETF 2.80%
- Bombardier Recreational Products, Inc. 0.96%
- Arcline FM Holdings LLC 0.93%
- Osmosis Holdings Australia II Pty Ltd. 0.90%
- Del Monte Foods, Inc. 0.88%
- Ascend Learning LLC 0.86%
- American Bath Group LLC 0.85%
- Athenahealth Group, Inc. 0.84%
- Medical Solutions Parent Holdings, Inc. 0.84%
Asset Allocation
Weighting | Return Low | Return High | GIFSX % Rank | |
---|---|---|---|---|
Bonds | 93.82% | 0.00% | 161.82% | 56.13% |
Cash | 3.72% | -61.90% | 18.85% | 58.10% |
Stocks | 3.12% | 0.00% | 100.78% | 27.67% |
Convertible Bonds | 0.03% | 0.00% | 5.51% | 48.02% |
Preferred Stocks | 0.02% | -3.99% | 0.80% | 22.13% |
Other | 0.00% | -52.39% | 26.58% | 46.64% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GIFSX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 90.48% |
Technology | 0.00% | 0.00% | 100.00% | 92.59% |
Real Estate | 0.00% | 0.00% | 48.61% | 90.48% |
Industrials | 0.00% | 0.00% | 100.00% | 91.01% |
Healthcare | 0.00% | 0.00% | 100.00% | 91.01% |
Financial Services | 0.00% | 0.00% | 89.61% | 90.48% |
Energy | 0.00% | 0.00% | 100.00% | 7.41% |
Communication Services | 0.00% | 0.00% | 100.00% | 97.35% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 90.48% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 91.53% |
Basic Materials | 0.00% | 0.00% | 1.36% | 91.01% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GIFSX % Rank | |
---|---|---|---|---|
US | 3.12% | -0.01% | 100.78% | 27.67% |
Non US | 0.00% | 0.00% | 0.68% | 75.10% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GIFSX % Rank | |
---|---|---|---|---|
Corporate | 84.41% | 0.00% | 99.80% | 78.57% |
Cash & Equivalents | 3.72% | 0.00% | 25.03% | 52.96% |
Securitized | 1.33% | 0.00% | 91.68% | 30.16% |
Government | 0.21% | 0.00% | 3.18% | 5.16% |
Municipal | 0.00% | 0.00% | 0.47% | 69.05% |
Derivative | -0.04% | -7.27% | 1.12% | 92.49% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GIFSX % Rank | |
---|---|---|---|---|
US | 92.17% | 0.00% | 123.27% | 47.04% |
Non US | 1.64% | 0.00% | 63.23% | 44.27% |
GIFSX - Expenses
Operational Fees
GIFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.03% | 5.28% | 75.69% |
Management Fee | 0.65% | 0.00% | 1.73% | 67.69% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.02% | 0.27% | 32.94% |
Sales Fees
GIFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
GIFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GIFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 57.00% | 4.00% | 180.00% | 46.86% |
GIFSX - Distributions
Dividend Yield Analysis
GIFSX | Category Low | Category High | GIFSX % Rank | |
---|---|---|---|---|
Dividend Yield | 9.08% | 0.00% | 10.53% | 91.95% |
Dividend Distribution Analysis
GIFSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
GIFSX | Category Low | Category High | GIFSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.66% | 1.77% | 9.82% | 44.76% |
Capital Gain Distribution Analysis
GIFSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.089 | OrdinaryDividend |
Mar 28, 2024 | $0.185 | OrdinaryDividend |
Feb 29, 2024 | $0.083 | OrdinaryDividend |
Jan 31, 2024 | $0.174 | OrdinaryDividend |
Dec 29, 2023 | $0.185 | OrdinaryDividend |
Nov 30, 2023 | $0.106 | OrdinaryDividend |
Oct 31, 2023 | $0.179 | OrdinaryDividend |
Sep 29, 2023 | $0.097 | OrdinaryDividend |
Aug 31, 2023 | $0.086 | OrdinaryDividend |
Jul 31, 2023 | $0.077 | OrdinaryDividend |
Jun 30, 2023 | $0.086 | OrdinaryDividend |
May 31, 2023 | $0.178 | OrdinaryDividend |
Apr 28, 2023 | $0.142 | OrdinaryDividend |
Mar 31, 2023 | $0.193 | OrdinaryDividend |
Feb 28, 2023 | $0.071 | OrdinaryDividend |
Jan 31, 2023 | $0.151 | OrdinaryDividend |
Dec 30, 2022 | $0.160 | OrdinaryDividend |
Dec 15, 2022 | $0.015 | OrdinaryDividend |
Nov 30, 2022 | $0.071 | OrdinaryDividend |
Oct 31, 2022 | $0.065 | OrdinaryDividend |
Sep 30, 2022 | $0.066 | OrdinaryDividend |
Aug 31, 2022 | $0.058 | OrdinaryDividend |
Jul 29, 2022 | $0.052 | OrdinaryDividend |
Jun 30, 2022 | $0.042 | OrdinaryDividend |
May 31, 2022 | $0.040 | OrdinaryDividend |
Apr 29, 2022 | $0.041 | OrdinaryDividend |
Mar 31, 2022 | $0.037 | OrdinaryDividend |
Feb 28, 2022 | $0.030 | OrdinaryDividend |
Jan 31, 2022 | $0.028 | OrdinaryDividend |
Dec 31, 2021 | $0.035 | OrdinaryDividend |
Nov 30, 2021 | $0.032 | OrdinaryDividend |
Oct 29, 2021 | $0.034 | OrdinaryDividend |
Sep 30, 2021 | $0.034 | OrdinaryDividend |
Aug 31, 2021 | $0.035 | OrdinaryDividend |
Jul 30, 2021 | $0.037 | OrdinaryDividend |
Jun 30, 2021 | $0.035 | OrdinaryDividend |
May 28, 2021 | $0.034 | OrdinaryDividend |
Apr 30, 2021 | $0.042 | OrdinaryDividend |
Mar 31, 2021 | $0.039 | OrdinaryDividend |
Feb 26, 2021 | $0.039 | OrdinaryDividend |
Jan 29, 2021 | $0.030 | OrdinaryDividend |
Dec 31, 2020 | $0.045 | OrdinaryDividend |
Nov 30, 2020 | $0.038 | OrdinaryDividend |
Oct 30, 2020 | $0.041 | OrdinaryDividend |
Sep 30, 2020 | $0.043 | OrdinaryDividend |
Aug 31, 2020 | $0.039 | OrdinaryDividend |
Jul 31, 2020 | $0.043 | OrdinaryDividend |
Jun 30, 2020 | $0.047 | OrdinaryDividend |
May 29, 2020 | $0.047 | OrdinaryDividend |
Apr 30, 2020 | $0.039 | OrdinaryDividend |
Mar 31, 2020 | $0.046 | OrdinaryDividend |
Feb 28, 2020 | $0.035 | OrdinaryDividend |
Jan 31, 2020 | $0.044 | OrdinaryDividend |
Dec 31, 2019 | $0.041 | DailyAccrualFund |
Nov 29, 2019 | $0.044 | OrdinaryDividend |
Oct 31, 2019 | $0.051 | DailyAccrualFund |
Sep 30, 2019 | $0.055 | OrdinaryDividend |
Aug 30, 2019 | $0.058 | OrdinaryDividend |
Jul 31, 2019 | $0.056 | OrdinaryDividend |
Jun 28, 2019 | $0.096 | OrdinaryDividend |
May 31, 2019 | $0.113 | DailyAccrualFund |
Apr 30, 2019 | $0.109 | DailyAccrualFund |
Mar 29, 2019 | $0.057 | DailyAccrualFund |
GIFSX - Fund Manager Analysis
Managers
B. Scott Minerd
Start Date
Tenure
Tenure Rank
Nov 30, 2011
10.51
10.5%
B. Scott Minerd, Chairman, Global Chief Investment Officer, Managing Partner and Portfolio Manager of Guggenheim Partners. Mr. Minerd joined Guggenheim Partners (or its affiliate or predecessor) in May 1998. Mr. Minerd leads Guggenheim Partners' research on global macroeconomics and guides the firm’s investment strategies.Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. In this position, he was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Prior to that, Mr. Minerd was Morgan Stanley’s London based European Capital Markets Products Trading and Risk Manager responsible for Eurobonds, Euro-MTNs, domestic European Bonds, FRNs, derivative securities and money market products in 12 European currencies and Asian markets. Mr. Minerd has also held capital markets positions with Merrill Lynch and Continental Bank. Prior to that, he was a Certified Public Accountant and worked for the public accounting firm of Price Waterhouse. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President and senior management at the bank about the current financial markets and ways the public and private sectors can better understand and mitigate systematic risks. Mr. Minerd also works with the Organization for Economic Cooperation and Development (OECD), advising on research and analysis of private sector infrastructure investment, and is a contributing member of the World Economic Forum (WEF). He is a regularly featured guest and contributor to leading financial media outlets, including The Wall Street Journal, The Financial Times, Bloomberg, and CNBC, where he shares insights on today’s financial climate. Mr. Minerd holds a B.S. degree in Economics from the Wharton School, University of Pennsylvania, Philadelphia, and has completed graduate work at the University of Chicago Graduate School of Business and the Wharton School, University of Pennsylvania.
Anne Walsh
Start Date
Tenure
Tenure Rank
Nov 30, 2011
10.51
10.5%
Anne B. Walsh, Chief Investment Officer, Fixed Income, Senior Managing Director and Portfolio Manager of Guggenheim Partners. Ms. Walsh joined Guggenheim Partners (or its affiliate or predecessor) in 2007 is also the head of the Portfolio Construction Group and Portfolio Management. She oversees more than $185 billion in fixed-income investments including Agencies, Credit, Municipals, and Structured Securities. She is responsible for portfolio design, strategy, sector allocation and risk management, as well as conveying Guggenheim Partners' macroeconomic outlook to Portfolio Managers and fixed income Sector Specialists. Ms. Walsh specializes in liability-driven portfolio management. Prior to joining Guggenheim Partners, she served as Chief Investment Officer at Reinsurance Group of America, and also held roles at Zurich Scudder Investments, Lincoln Investment Management and American Bankers Insurance Group. She has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute. Ms. Walsh received her BSBA and MBA from Auburn University and her J.D. from the University of Miami School of Law.
Thomas Hauser
Start Date
Tenure
Tenure Rank
Nov 17, 2014
7.54
7.5%
Thomas J. Hauser, Senior Managing Director and Portfolio Manager of Guggenheim Partners. He has co-managed Series F since November 2014 and Series P since January 2017. Mr. Hauser joined Guggenheim Partners (or its affiliate or predecessor) in 2002 and is a member of Guggenheim’s Corporate Credit Group. He is also a member of the Investment Committee overseeing Guggenheim’s corporate credit investing activities. Prior to his role as a portfolio manager, Mr. Hauser ran a team with Joseph McCurdy covering a variety of sectors including Technology, Media and Telecom, Education, Metals and Mining, Homebuilding, Healthcare, and Energy and Power. He has over 10 years' experience in the high yield and leverage loan class. During his career at the firm, Mr. Hauser has been an analyst covering a variety of sectors, including the Energy, Power, Transportation and Chemical sectors. Mr. Hauser received his B.S. in Finance from St. Johns University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.52 | 5.9 | 3.25 |