Guggenheim Floating Rate Strategies Fund Class A (GIFAX)
Guggenheim Floating Rate Strategies Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $23.16, up 0.00% on the session, giving a market capitalisation of $501.9M. Its beta of 0.04 implies it has historically moved less than the broad market.
The fund's primary objective is to deliver substantial current income, while also aiming to maximize its overall total return. Typically, at least 80% of its total assets (which include assets acquired through borrowing) are committed to investments in various types of debt instruments whose interest rates adjust over time. These include senior-secured, syndicated bank loans; revolving credit facilities; unsecured loans; asset-backed securities (ABS); and a broader range of other variable-rate bonds, loans, notes, and similar debt obligations. The fund may also hold fixed income instruments and utilizes derivative products designed to gain exposure to floating or variable rate loans, obligations, and other securities.
Guggenheim Floating Rate Strategies Fund Class A is most often compared with the following Financial Services names: