Guggenheim Alpha Opportunity Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
11.1%
1 yr return
16.4%
3 Yr Avg Return
5.6%
5 Yr Avg Return
4.6%
Net Assets
$38.2 M
Holdings in Top 10
17.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 169.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SAOSX - Profile
Distributions
- YTD Total Return 11.1%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.54%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGuggenheim Alpha Opportunity Fund
-
Fund Family NameGuggenheim
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassP
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerFarhan Sharaff
Fund Description
SAOSX - Performance
Return Ranking - Trailing
Period | SAOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.1% | -6.9% | 17.6% | 8.33% |
1 Yr | 16.4% | -13.1% | 40.4% | 23.21% |
3 Yr | 5.6%* | -20.6% | 26.3% | 29.05% |
5 Yr | 4.6%* | -4.2% | 25.0% | 63.70% |
10 Yr | N/A* | -4.0% | 10.1% | 43.08% |
* Annualized
Return Ranking - Calendar
Period | SAOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.1% | -17.3% | 43.8% | 36.31% |
2022 | -9.3% | -54.0% | 17.4% | 44.44% |
2021 | 13.4% | -40.0% | 54.1% | 30.61% |
2020 | -1.1% | -47.6% | 88.4% | 77.30% |
2019 | -3.0% | -20.3% | 62.6% | 92.48% |
Total Return Ranking - Trailing
Period | SAOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.1% | -6.9% | 17.6% | 8.33% |
1 Yr | 16.4% | -13.1% | 40.4% | 23.21% |
3 Yr | 5.6%* | -20.6% | 26.3% | 29.05% |
5 Yr | 4.6%* | -4.2% | 25.0% | 63.70% |
10 Yr | N/A* | -4.0% | 10.1% | 43.08% |
* Annualized
Total Return Ranking - Calendar
Period | SAOSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.8% | -14.5% | 43.8% | 47.62% |
2022 | -8.6% | -54.0% | 50.3% | 58.82% |
2021 | 14.4% | -40.0% | 61.6% | 47.62% |
2020 | 0.2% | -29.9% | 91.0% | 73.05% |
2019 | -2.2% | -17.9% | 79.4% | 94.74% |
NAV & Total Return History
SAOSX - Holdings
Concentration Analysis
SAOSX | Category Low | Category High | SAOSX % Rank | |
---|---|---|---|---|
Net Assets | 38.2 M | 1.08 M | 6.67 B | 75.15% |
Number of Holdings | 170 | 3 | 1788 | 40.36% |
Net Assets in Top 10 | 6.14 M | 474 K | 2.09 B | 89.16% |
Weighting of Top 10 | 17.51% | 0.9% | 182.8% | 93.98% |
Top 10 Holdings
- Goldman Sachs Financial Square Treasury Instruments Fund - Institutional Shares 4.64%
- MS Equity Custom Basket 2.68%
- GS Equity Custom Basket 2.65%
- Toll Brothers, Inc. 1.12%
- Incyte Corp. 1.08%
- Viatris, Inc. 1.08%
- Boise Cascade Co. 1.07%
- QUALCOMM, Inc. 1.07%
- Acuity Brands, Inc. 1.06%
- Ambac Financial Group, Inc. 1.06%
Asset Allocation
Weighting | Return Low | Return High | SAOSX % Rank | |
---|---|---|---|---|
Stocks | 99.97% | 0.00% | 102.24% | 1.81% |
Cash | 4.64% | 0.00% | 102.08% | 85.54% |
Preferred Stocks | 0.00% | 0.00% | 8.29% | 39.76% |
Convertible Bonds | 0.00% | -0.02% | 4.48% | 28.75% |
Bonds | 0.00% | 0.00% | 178.67% | 46.99% |
Other | -2.32% | -45.12% | 99.51% | 90.96% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SAOSX % Rank | |
---|---|---|---|---|
Financial Services | 21.71% | 0.00% | 83.83% | 20.86% |
Healthcare | 15.84% | 0.00% | 100.00% | 38.13% |
Technology | 15.48% | 0.00% | 43.24% | 69.78% |
Consumer Cyclical | 11.66% | 0.00% | 88.83% | 30.94% |
Utilities | 9.35% | 0.00% | 21.71% | 6.47% |
Industrials | 7.06% | 0.00% | 31.93% | 77.70% |
Communication Services | 6.50% | 0.00% | 32.32% | 58.27% |
Basic Materials | 5.01% | 0.00% | 28.58% | 30.94% |
Consumer Defense | 2.91% | 0.00% | 33.38% | 78.42% |
Energy | 2.37% | 0.00% | 32.57% | 73.38% |
Real Estate | 2.12% | 0.00% | 10.93% | 41.73% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SAOSX % Rank | |
---|---|---|---|---|
US | 99.97% | -0.30% | 102.24% | 1.81% |
Non US | 0.00% | -3.36% | 70.87% | 42.77% |
SAOSX - Expenses
Operational Fees
SAOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.87% | 0.42% | 8.51% | 65.68% |
Management Fee | 0.90% | 0.00% | 2.50% | 22.49% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.23% |
Administrative Fee | N/A | 0.03% | 1.54% | 19.38% |
Sales Fees
SAOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SAOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 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.
SAOSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 169.00% | 0.00% | 479.00% | 61.36% |
SAOSX - Distributions
Dividend Yield Analysis
SAOSX | Category Low | Category High | SAOSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.56% | 0.00% | 27.29% | 72.62% |
Dividend Distribution Analysis
SAOSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
SAOSX | Category Low | Category High | SAOSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.54% | -3.33% | 2.16% | 13.17% |
Capital Gain Distribution Analysis
SAOSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.122 | OrdinaryDividend |
Dec 15, 2022 | $0.129 | OrdinaryDividend |
Dec 16, 2021 | $0.174 | OrdinaryDividend |
Dec 17, 2020 | $0.235 | OrdinaryDividend |
Dec 19, 2019 | $0.133 | OrdinaryDividend |
Dec 20, 2018 | $0.139 | OrdinaryDividend |
SAOSX - Fund Manager Analysis
Managers
Farhan Sharaff
Start Date
Tenure
Tenure Rank
Jan 28, 2015
7.34
7.3%
Farhan Sharaff has served as a Portfolio Manager for each Fund since 2017. He is Assistant Chief Investment Officer, Equities, Senior Managing Director and Portfolio Manager of Guggenheim Partners. Mr. Sharaff joined Guggenheim Partners in May 2009. Mr. Sharaff has more than 30 years of experience in investment research and investment management. Prior to joining Guggenheim Partners, he was a Partner and Chief Investment Officer at MJX Capital Advisors, a wealth management firm focused on providing advice and investment management for its clients, especially in the traditional and alternative asset classes and Guggenheim Investments plc. Prior to that, Mr. Sharaff served as the global Chief Investment Officer at CIGNA Corporation, Zurich Scudder Investments and Citigroup. In all of the above engagements, Mr. Sharaff was responsible for research, investment management, product development and investment risk management. He was also a member of the business management teams at Citigroup and Zurich Scudder. Mr. Sharaff has a B.S. in Electrical Engineering from the University of Aston (U.K.) and an MBA in Finance from the Manchester Business School (U.K.). In addition, Mr. Sharaff sits on boards of CITIC Capital Asset Management, Clarfeld Financial Advisors, and Guggenheim Global Investment plc.
Burak Hurmeydan
Start Date
Tenure
Tenure Rank
Jan 28, 2015
7.34
7.3%
Burak Hurmeydan, Ph.D., is a Director and Portfolio Manager of Guggenheim Partners. Dr. Hurmeydan joined Guggenheim in 2011 as an Analyst of Quantitative Strategies. Before joining Guggenheim, he was a Quantitative Risk/Research Analyst with Citadel Asset Management from 2008 to 2009. He earned his B.S. in Economics from Eastern Mediterranean University and an M.S. degree in Economics from Louisiana State University. Dr. Hurmeydan earned a Ph.D. in Economics with a specialization in Financial Econometrics from Louisiana State University.
Samir Sanghani
Start Date
Tenure
Tenure Rank
Jan 28, 2015
7.34
7.3%
Samir Sanghani’s responsibilities include equity portfolio management, research, and development of strategies as head of the Quantitative Strategies Group in Santa Monica. He also leads a team of fundamental sector analysts covering US equities. Prior to joining Guggenheim in 2008, he was portfolio manager of a value/opportunistic equity hedge fund. Mr. Sanghani also served as VP of Operations and Chief Compliance Officer at a multi-manager hedge fund firm offering fundamental and quantitative equity long/short strategies. Prior to this, he was a Management Consultant for six years at PricewaterhouseCoopers. Mr. Sanghani holds a B.S. degree in Electrical and Computer Engineering from Rice University and an MBA from M.I.T. Sloan School of Management. He has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 23.55 | 6.07 | 7.93 |