Guggenheim Floating Rate Strategies Fund Class C

Frequently Asked Questions About GIFCX

What does GIFCX invest in?

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.

What is the expense ratio of GIFCX?

Guggenheim Floating Rate Strategies Fund Class C (GIFCX) charges an expense ratio of 1.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GIFCX?

Guggenheim Floating Rate Strategies Fund Class C (GIFCX) 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 GIFCX actively managed or an index fund?

GIFCX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was GIFCX launched?

Guggenheim Floating Rate Strategies Fund Class C (GIFCX) launched in November 2011 and is managed by the fund issuer.

How has GIFCX performed?

GIFCX'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.