- What does GIFPX invest in?
- The fund's primary objective is to deliver significant current income, alongside striving to maximize its overall return. Typically, at least 80% of the fund's capital, comprising its net assets plus any borrowed amounts designated for investment, is allocated to a diverse portfolio. This portfolio predominantly consists of floating-rate instruments such as senior secured syndicated bank loans, revolving credit facilities, unsecured loans, and asset-backed securities, in addition to other floating-rate bonds, loans, notes, and similar debt instruments. Furthermore, the fund may invest in fixed income securities and employ derivative products to gain exposure to floating or variable rate loans, obligations, or other financial assets.
- What is the expense ratio of GIFPX?
- Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is GIFPX?
- Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX) 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 GIFPX actively managed or an index fund?
- GIFPX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was GIFPX launched?
- Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX) launched in May 2015 and is managed by the fund issuer.
- How has GIFPX performed?
- GIFPX'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.
