Guggenheim Strategic Opportunities Fund
GOF

$15.38

0.39%

Market Cap: $2.19B

About: Guggenheim Strategic Opportunities Fund is a diversified, closed-end management investment company. The investment objective of the firm is to maximize total return through a combination of current income and capital appreciation. The Fund seeks to combine a credit-managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies.

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

55% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 38

8% more funds holding

Funds holding: 138 [Q1] → 149 (+11) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

21% less capital invested

Capital invested by funds: $428M [Q1] → $337M (-$90.5M) [Q2]

152.47% less ownership

Funds ownership: 169.21% [Q1] → 16.74% (-152.47%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GOF.

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Financial journalist opinion

Guggenheim Investments Announces September 2024 Closed-End Fund Distributions

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces September 2024 Closed-End Fund Distributions

GOF: Distribution May Be Under Threat If There Are No Improvements

Guggenheim Strategic Opportunities Fund operates as a closed end fund that generates its earnings through a mixed portfolio of fixed income assets and equities. The large 13.8% dividend yield makes GOF appealing for income investors, but I question the sustainability of the distribution due to weak coverage. GOF has outperformed the S&P 500 with a 37% YTD return through a combination of price appreciation and high income.

GOF: Distribution May Be Under Threat If There Are No Improvements

Guggenheim Investments Announces August 2024 Closed-End Fund Distributions

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces August 2024 Closed-End Fund Distributions

Guggenheim Investments Announces July 2024 Closed-End Fund Distributions

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces July 2024 Closed-End Fund Distributions

GOF: Why I'm Downgrading This 16.2% Distribution Rate To A Sell

Guggenheim Strategic Opportunities Fund trades at a 23.86% premium to NAV, with a distribution rate of 16.2% and total leverage ratio of 22.6%. The fund has a history of trading at a premium and strong performance, outperforming high-yield and aggregate bond ETFs. The fund's portfolio includes various fixed-income instruments, bank loans, high-yield bonds, and preferred securities, but may face downside risk in riskier credit scenarios.

GOF: Why I'm Downgrading This 16.2% Distribution Rate To A Sell

Guggenheim Investments Announces June 2024 Closed-End Fund Distributions

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces June 2024 Closed-End Fund Distributions

Building A 10% Income Portfolio Today

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

GOF: Back To Holding For The 15% Distribution

Guggenheim Strategic Opportunities Fund suffered a severe drop in price due to market volatility in October 2023. There may be an opportunity for new investors to buy if the premium is reduced in the coming months. GOF offers a monthly distribution with an average yield of about 15% and has never cut its dividend.

GOF: Back To Holding For The 15% Distribution

Guggenheim Investments Announces May 2024 Closed-End Fund Distributions

NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces May 2024 Closed-End Fund Distributions

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