Guggenheim Floating Rate Strategies Fund Institutional Class

Frequently Asked Questions About GIFIX

What does GIFIX invest in?

The Fund seeks to provide a high level of current income while maximizing total return. The Fund will normally invest at least 80% of its assets in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities.

What is the expense ratio of GIFIX?

Guggenheim Floating Rate Strategies Fund Institutional Class (GIFIX) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GIFIX?

Guggenheim Floating Rate Strategies Fund Institutional Class (GIFIX) manages $470.6M 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 GIFIX actively managed or an index fund?

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

When was GIFIX launched?

Guggenheim Floating Rate Strategies Fund Institutional Class (GIFIX) launched in November 2011 and is managed by Guggenheim.

How has GIFIX performed?

GIFIX'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.