Guggenheim Strategic Opportunities Fund

Frequently Asked Questions About GOF

What does GOF invest in?

The Guggenheim Strategic Opportunities Fund, a U.S.-domiciled closed-end balanced mutual fund, commenced operations on November 13, 2006, having previously been known as Claymore/Guggenheim Strategic Opportunities Fund. It is overseen by Guggenheim Funds Investment Advisors, LLC, with Guggenheim Partners Investment Management LLC providing co-management services. This fund pursues investment opportunities across global public equity and fixed income markets. Its equity portfolio construction involves both direct stock purchases and the strategic deployment of derivatives, such as writing covered call and put options. The fund aims for exposure to value-oriented companies of all market capitalizations, spanning diverse industry sectors. The S&P 500 Index serves as its benchmark for equity performance. For its fixed income allocation, the fund targets a range of securities including corporate bonds, various types of loans (including participations), structured finance instruments, and U.S. government and agency debt. A key criterion for these investments is a minimum credit rating of not less than CCC by S&P or Caa2 by Moody's. The Barclays Aggregate Bond Index acts as the benchmark for its fixed income component. The overall portfolio is developed through a methodical fusion of quantitative and qualitative analytical approaches.

What is the expense ratio of GOF?

Guggenheim Strategic Opportunities Fund (GOF) charges an expense ratio of 2.40%. This is the annual fee deducted from fund assets to cover management and operations.

What is GOF's distribution yield?

GOF's trailing-twelve-month yield is 25.29%, calculated from the sum of distributions over the past year divided by the current price.

How does GOF's covered-call strategy work?

GOF sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of GOF?

Effective duration measures GOF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GOF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GOF?

GOF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.