- What does GIFAX invest in?
- 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.
- What is the expense ratio of GIFAX?
- Guggenheim Floating Rate Strategies Fund Class A (GIFAX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is GIFAX?
- Guggenheim Floating Rate Strategies Fund Class A (GIFAX) manages $502.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is GIFAX actively managed or an index fund?
- GIFAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was GIFAX launched?
- Guggenheim Floating Rate Strategies Fund Class A (GIFAX) launched in November 2011 and is managed by the fund issuer.
- How has GIFAX performed?
- GIFAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
