Guggenheim Floating Rate Strategies Fund Class A (GIFAX) Research
The fund's primary objective is to deliver substantial current income, while also aiming to maximize its overall total return. Typically, at least 80% of its total assets (which include assets acquired through borrowing) are committed to investments in various types of debt instruments whose interest rates adjust over time. These include senior-secured, syndicated bank loans; revolving credit facilities; unsecured loans; asset-backed securities (ABS); and a broader range of other variable-rate bonds, loans, notes, and similar debt obligations. The fund may also hold fixed income instruments and utilizes derivative products designed to gain exposure to floating or variable rate loans, obligations, and other securities.
Market snapshot
- Symbol
- GIFAX
- Price
- $23.07
- Day change
- +0.04%
- Market cap
- $507.1M
- 52-week range
- 22.91-23.98
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- BlackRock Commodity Strategies Portfolio (BICSX)
- Buffalo High Yield Fund, Inc. (BUFHX)
- Catalyst/CIFC Floating Rate Income Fund Class I (CFRIX)
- Eaton Vance Floating-Rate & Hi Inc Inst (EIFHX)
- Guggenheim Floating Rate Strategies Fund Class C (GIFCX)
- Guggenheim Floating Rate Strategies Fund Institutional Class (GIFIX)
- Guggenheim Funds Trust - Guggenheim Floating Rate Strategies Fund (GIFPX)
- Matthews Japan Fund Investor Class (MJFOX)
Open Guggenheim Floating Rate Strategies Fund Class A (GIFAX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.