Guggenheim StylePlus - Large Core Fund Institutional
GILIX
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
- Mar 1, 2012
- CIK
- 0000088525
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- New Age Alpha Large Core Fund Institutional (GILIX) is an actively managed mutual fund that seeks long-term capital growth by investing at least 80% of its assets in equity securities of large-capitalization companies within the market capitalization range of the S&P 500 Index, as well as equity derivatives based on large-capitalization indices; the fund employs a blend of passive and active management strategies, incorporating quantitative analysis, credit research, and proprietary approaches to exceed the total return of the S&P 500 Index, with additional allocations to fixed income securities, cash investments, corporate bonds, syndicated bank loans, asset-backed securities, U.S. government securities, mezzanine and preferred securities, commercial paper, and investment vehicles such as closed-end funds and exchange-traded funds for collateralization, hedging, and yield enhancement. The fund targets institutional investors with a minimum initial investment of $2 million, offers share classes including Institutional, and maintains a diversified portfolio across key sectors like information technology and consumer discretionary while utilizing derivatives extensively to manage equity and fixed income exposures. In October 2024, the fund's assets were reorganized into New Age Alpha Funds Trust as part of New Age Alpha's acquisition of Guggenheim Investments' actively managed equity funds business, which encompassed 20-21 mutual and variable insurance funds with approximately $2.5-$2.6 billion in assets under management, allowing Guggenheim to refocus on fixed income, alternatives, and other core strategies while New Age Alpha integrates these into its platform emphasizing actuarial science, data analytics, and technology-driven investment approaches. New Age Alpha, the post-reorganization adviser, operates as an innovative investment management firm with a proprietary methodology for differentiated strategies; the fund, previously under Guggenheim's Security Investors, LLC (also known as Guggenheim Investments), continues under the same ticker symbol GILIX and tax ID, serving sophisticated investors seeking outperformance relative to large-cap benchmarks. Headquartered in New York, NY, with operations spanning the United States and global markets through permissible foreign securities investments, the fund benefits from the legacy of Guggenheim Investments, founded in 1999 and based in Chicago, IL, now overseeing over $335 billion in broader assets across fixed income, equity, and alternatives.