Guggenheim Active Allocation FundGUG
Market Cap: $542M
About: Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
92% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 12
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 50 [Q1] → 51 (+1) [Q2]
5.42% less ownership
Funds ownership: 30.98% [Q1] → 25.57% (-5.42%) [Q2]
16% less capital invested
Capital invested by funds: $150M [Q1] → $126M (-$24.1M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for GUG.