Guggenheim Macro Opportunities Fund Class A
GIOAX
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 Macro Opportunities Fund Class A (GIOAX) is an open-end mutual fund managed by Guggenheim Partners Investment Management, LLC, that seeks total return through a combination of current income and capital appreciation by investing primarily in fixed income securities. The fund offers multiple share classes including A (GIOAX), C (GIOCX), Institutional (GIOIX), P (GIOPX), and R6 (GIOSX); it accrues distributions daily and pays them monthly, with a benchmark of the ICE Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index. Core holdings encompass investment grade corporate bonds, non-agency mortgage-backed securities, collateralized loan obligations, preferred securities, other fixed income assets, U.S. Treasury notes and bills, and uniform MBS; allocations typically feature corporate credit at approximately 50%, securitized credit at 25%, U.S. bonds around 73%, non-U.S. bonds at 15%, and cash at 11%, alongside modest equity exposures. Launched on November 30, 2011, the fund is domiciled in the United States and available primarily to U.S. investors through financial intermediaries, with a minimum initial investment of $2,500 for Class A shares. Portfolio management is led by Anne Walsh (CIO, GPIM, since inception), Steven Brown (CIO, Fixed Income, since April 2016), Adam Bloch (Portfolio Manager, since April 2016), and Evan Serdensky (Portfolio Manager, since January 2023). Guggenheim Investments, part of Guggenheim Partners, LLC—a global financial services firm founded in 1999 and headquartered at 330 Madison Avenue in New York City—serves as the broader investment management platform with over $330 billion in assets under management across asset management, investment banking, and related services. In recent periods, the fund has demonstrated strong performance, including +2.97% absolute return in Q1 2023 driven by carry, credit spreads, and duration; +1.52% (net) in Q2 2024 outperforming its benchmark via ABS, non-agency RMBS, and security selection in investment-grade corporates; +3.80% (net) in Q3 2024 led by duration, carry, high yield bonds, CLOs, and equities; and +2.08% in Q3 2025 again surpassing the benchmark. Strategic shifts include up-in-quality rotations in corporate credit, reductions in investment grade corporates by 8% with emphasis on structurally senior bonds, cautious positioning away from lowest-rated categories amid earnings pressures, enhanced cash investments, balanced duration positioning, and prioritization of diversification, quality, and liquidity to navigate volatility. The net expense ratio stands at 1.27% for Class A (contractually waived through February 1, 2026), with a front-end load of 4.00%, and as of September 30, 2025, it holds a 4-star Morningstar rating overall among nontraditional bond funds.