- 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 $502.6M 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 the fund issuer.
- 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.
