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    Asset Management
Guggenheim Floating Rate Strategies Fund Institutional Class

Guggenheim Floating Rate Strategies Fund Institutional Class

GIFIX
Guggenheim Floating Rate Strategies Fund Institutional ClassUS flagNASDAQ
23.13
USD
- -
- -
507.14MMarket Cap
No data availableFinancial data will appear here once available

Capital Structure

FRC

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in mil. unless spec.
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Working Capital

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in mil. unless spec.
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Growth Rates

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in mil. unless spec.
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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Asset Management
Address
Rockville, MD 20850 New York NY United States of America 10282
IPO Date
Nov 30, 2011
CIK
0000088525
Website
gsam.com
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Business
Guggenheim Floating Rate Strategies Fund Institutional Class (GIFIX) 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. The fund normally invests 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, other floating rate bonds, loans, notes and securities, fixed income instruments, and derivatives providing exposure to floating or variable rate loans and obligations; its portfolio is concentrated in the bank loan sector (approximately 90%), with additional allocations to corporate bonds, cash equivalents, non-agency residential mortgage-backed securities and asset-backed securities. GIFIX, which has total net assets of approximately $777.5 million, a net expense ratio of 0.80%, and a 30-day SEC yield of around 7%, operates within the bank loan category and targets institutional investors seeking income from below-investment-grade floating rate instruments. Incepted on November 30, 2011, the fund is part of Guggenheim Investments, an affiliate of Guggenheim Partners, LLC, headquartered in Chicago, Illinois, with primary operations in the United States. Recent developments at Guggenheim Investments, the firm overseeing GIFIX, include the sale of its actively managed equity funds business to New Age Alpha in late 2024, enabling a sharpened focus on core strengths in fixed income, alternatives and bank loan strategies like GIFIX. The firm has expanded its wealth channel offerings with new talent hires, reduced minimums for separately managed accounts in fixed income strategies, and filings for a non-traded business development company to access private credit markets. These strategic shifts, along with planned active fixed income ETF launches, support ongoing enhancements to income-oriented products amid volatile markets.