Guggenheim Floating Rate Strategies Fund Class C (GIFCX)
Guggenheim Floating Rate Strategies Fund Class C operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $23.00, down 0.04% on the session, giving a market capitalisation of $498.7M. Its beta of 0.04 implies it has historically moved less than the broad market.
This fund aims to deliver a robust level of ongoing income while simultaneously striving to maximize overall returns. It typically dedicates a minimum of 80% of its total investment capital (comprising net assets and any funds borrowed for investment purposes) to a diverse range of adjustable-rate instruments. These include senior secured syndicated bank loans, revolving credit facilities, unsecured loans, asset-backed securities, and other floating-rate bonds, notes, and various debt obligations. The fund may also utilize fixed-income instruments and derivative contracts that provide exposure to variable-rate loans or other similar securities.
Guggenheim Floating Rate Strategies Fund Class C is most often compared with the following Financial Services names: