Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund
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- Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX) is an open-end mutual fund that seeks to provide a high level of current income while maximizing total return by investing primarily in floating rate securities. 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 derivative instruments with exposure to floating rate or variable rate obligations. It offers multiple share classes including P (GIFPX, inception May 1, 2015), Institutional (GIFIX), A (GIFAX), C (GIFCX), and R6 (GIFSX), all launched around November 30, 2011 except P class; the fund belongs to the bank loan category with approximately $777 million in total net assets, a net expense ratio of around 1.04% for P class, and a 30-day SEC yield of approximately 6.40%. Guggenheim Funds Trust, the registrant, is based at 702 King Farm Blvd, Rockville, Maryland 20850, and is advised by Guggenheim Partners Investment Management, LLC, a division of Guggenheim Partners, LLC, the global investment and advisory firm founded in 1999 and headquartered in New York City with over $350 billion in assets under management. The fund operates within the U.S. market, targeting institutional and retail investors such as wealth managers, high net worth individuals, pension funds, and endowments seeking income from leveraged loans and floating rate instruments; its portfolio emphasizes low credit quality with limited interest-rate sensitivity, primarily in bank loans (around 90%), corporate bonds, and cash equivalents. In recent developments, Guggenheim Investments announced in August 2025 a significant expansion of its wealth channel salesforce and product lineup, including new separately managed accounts with reduced minimums in fixed income strategies and a filing for a publicly offered non-traded business development company to access private credit markets. The firm also closed a $1.2 billion vehicle in 2025 to support private credit strategy growth and entered a strategic partnership with the Future Investment Initiative Institute. Additionally, Guggenheim sold its actively managed equity funds business to New Age Alpha in 2025, while generating over $27 billion in inflows across 2024 and year-to-date 2025 amid strong performance in fixed income and alternatives.