Guggenheim Alpha Opportunity Fund

Frequently Asked Questions About SAOSX

What does SAOSX invest in?

The Guggenheim Alpha Opportunity Fund employs a dynamic strategy, typically operating under normal market conditions, to achieve its investment objectives. It does this by taking both long and short positions in American equities and related financial instruments. The fund's portfolio can span the full range of domestic company sizes, from small-capitalization firms to large-capitalization corporations. Furthermore, it has the flexibility to utilize derivative instruments, including equity swap contracts linked to specific baskets of stocks. This allows the fund to gain targeted market exposure and pursue its goals without requiring direct ownership of the underlying company shares.

What is the expense ratio of SAOSX?

Guggenheim Alpha Opportunity Fund (SAOSX) charges an expense ratio of 1.74%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SAOSX?

Guggenheim Alpha Opportunity Fund (SAOSX) manages $36.1M 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 SAOSX actively managed or an index fund?

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

When was SAOSX launched?

Guggenheim Alpha Opportunity Fund (SAOSX) launched in May 2015 and is managed by Guggenheim.

How has SAOSX performed?

SAOSX'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.