Nasdaq - Delayed Quote USD

Guggenheim Floating Rate Strats Instl (GIFIX)

24.30 0.00 (0.00%)
At close: 8:01:40 PM EST

Fund Summary

The fund normally invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities.

Guggenheim Floating Rate Strats Instl

Rockville, MD 20850
805 King Farm Boulevard, Suite 600

Fund Overview

Category Bank Loan
Fund Family Guggenheim Investments
Net Assets 915.61M
YTD Return 6.54%
Yield 8.56%
Morningstar Rating
Inception Date Nov 30, 2011

Fund Operations

Last Dividend 1.89
Last Cap Gain -19.00
Holdings Turnover 23.00%
Average for Category --

Fees & Expenses

Expense GIFIX Category Average
Annual Report Expense Ratio (net) 0.80% 1.03%
Prospectus Net Expense Ratio 0.80% --
Prospectus Gross Expense Ratio 0.90% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.08%
Max Deferred Sales Load -- 1.05%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Christopher Keywork, Managing Director and Portfolio Manager of Guggenheim Partners, has co-managed Guggenheim Floating Rate Strategies Fund since July 2023. Mr. Keywork joined Guggenheim Partners in 2006 and is Head of Bank Loan Trading in Guggenheim's Corporate Credit Group. Mr. Keywork began his career at Guggenheim as a trade assistant, later becoming responsible for the day-to day-trading of bank loans and now manages a team of bank loan traders. In addition to trading, Mr. Keywork is the capital markets contact for bank loans within the Corporate Credit Group, and also works closely with the portfolio management team to manage the day-to-day activities for all the firm's bank loan mandates. Prior to joining Guggenheim, Mr. Keywork worked for The Carlyle Group as a senior trade assistant. He received his B.S. from Manhattan College with a major in Finance.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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