Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX)
Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $23.17, up 0.00% on the session, giving a market capitalisation of $502.4M. Its beta of 0.04 implies it has historically moved less than the broad market.
The fund's primary objective is to deliver significant current income, alongside striving to maximize its overall return. Typically, at least 80% of the fund's capital, comprising its net assets plus any borrowed amounts designated for investment, is allocated to a diverse portfolio. This portfolio predominantly consists of floating-rate instruments such as senior secured syndicated bank loans, revolving credit facilities, unsecured loans, and asset-backed securities, in addition to other floating-rate bonds, loans, notes, and similar debt instruments. Furthermore, the fund may invest in fixed income securities and employ derivative products to gain exposure to floating or variable rate loans, obligations, or other financial assets.
Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund is most often compared with the following Financial Services names: