Guggenheim Floating Rate Strategies Fund Class A
GIFAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Nov 30, 2011
- CIK
- 0000088525
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Guggenheim Floating Rate Strategies Fund Class A (GIFAX) is an open-end mutual fund managed by Guggenheim Partners Investment Management, LLC that seeks a high level of current income while maximizing total return through investments primarily in floating rate instruments, including senior loans, leveraged loans, second-lien loans, high-yield bonds, floating rate notes, and derivatives such as swaps and options; it also allocates to cash equivalents, exchange-traded funds like the SPDR Blackstone Senior Loan ETF, and U.S. Treasury securities. The fund emphasizes low interest-rate sensitivity and investments in below-investment-grade credit securities, with a portfolio heavily weighted toward U.S. bonds (approximately 78%), non-U.S. bonds (18%), and cash (4%), targeting institutional and retail investors in the bank loan category. Launched on November 30, 2011, and domiciled in the United States with assets under management of approximately $747 million for the share class, GIFAX features a net expense ratio of 1.04% (after waivers through February 1, 2026), a 3% front-end load, and daily pricing available to U.S. investors. The fund is part of Guggenheim Funds Trust, distributed by Guggenheim Funds Distributors, LLC, and overseen by a team including CIO Anne Walsh, Fixed Income CIO Steven H. Brown, and Portfolio Managers Thomas Hauser and Christopher Keywork. It benchmarks performance against the S&P UBS Leveraged Loan Index, with distributions accrued daily and paid monthly, and maintains operations focused on the U.S. market through its Chicago-based adviser. Top holdings as of recent filings include Federated Hermes US Treas Cash Res IS, SPDR Blackstone Senior Loan ETF, and various term loans such as those from PetSmart, Inc., Virgin Media Bristol LLC, and American Tire Distributors. In recent developments, the fund maintained its Morningstar 3-star overall rating as of September 30, 2025, amid quarterly commentaries noting portfolio adjustments including new positions in term loans from Priso Acquisition Corp., Wrench Group LLC, and Fertitta Entertainment LLC during the latest reported period. Guggenheim Funds Trust underwent significant reorganizations in 2024, completing the transfer of several equity fund series into New Age Alpha Funds on October 25, 2024, though GIFAX as a fixed income strategy remained unaffected by these equity-focused changes. Contractual expense waivers were extended through February 1, 2026, supporting ongoing operational stability.