Guggenheim Macro Opportunities Fund Class P
GIOPX
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
- May 1, 2015
- CIK
- 0000088525
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Guggenheim Macro Opportunities Fund Class P (GIOPX) 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 and related derivatives. The Fund pursues its objective through a dynamic, macro asset allocation strategy that opportunistically rotates across global credit sectors, including non-agency residential mortgage-backed securities, asset-backed securities, investment-grade corporate bonds, high yield bonds, emerging market debt, and U.S. Treasury securities; it may also allocate to cash equivalents, U.S. and non-U.S. equities, and derivatives such as interest rate swaps and futures to manage duration, yield curve exposure, and credit risk. Assets are diversified across U.S. bonds (approximately 73%), non-U.S. bonds (15%), cash (11%), and small equity positions, with top holdings including United States Treasury Notes, Treasury Bills, and Uniform MBS. The Fund offers share classes including A (GIOAX), C (GIOCX), Institutional (GIOIX), P (GIOPX), and R6 (GIOSX), with distributions accrued daily and paid monthly; its net expense ratio stands at 1.34%, benchmarked against the ICE Bank of America Merrill Lynch 3-Month U.S. Treasury Bill Index. Portfolio management is led by Anne Walsh (since 2011), Steven Brown and Adam Bloch (since 2016), and Evan Serdensky (since 2023), who emphasize security selection in structured credit and investment-grade corporates to outperform benchmarks. Launched on May 1, 2015 as part of Guggenheim Funds Trust, the Class P shares complement the core Fund inception in November 2011; the Fund is domiciled in the United States and available primarily to U.S. investors through financial intermediaries. Guggenheim Investments, the broader platform under Guggenheim Partners, LLC (headquartered in New York and Chicago), maintains a focus on fixed income strategies amid recent strategic shifts, including the 2024 agreement to sell its actively managed equity funds business to New Age Alpha (expected closure Q4 2024, covering $2.6 billion in assets) to sharpen emphasis on core fixed income and alternatives leadership. In Q2 2024 commentary, the Fund reported positive performance driven by credit allocations amid tightening structured credit spreads, with ongoing fee waivers through February 2026 limiting expenses; total net assets approximate $8.45 billion across classes.