Guggenheim Active Allocation Fund (GUG)

• Market cap: $515M
• 1 day: 0.32%
• 5 days: -0.32%
• 1 month: 5.11%
• 3 months: -0.51%
• 6 months: -0.13%
• Year to date: 4.41%
• 1 year: 8.69%
• 5 years: -21.85%
• 10 years: -21.85%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

6% less funds holding

Funds holding: 51 [Q2] → 48 (-3) [Q3]

6.38% less ownership

Funds ownership: 31.85% [Q2] → 25.47% (-6.38%) [Q3]

12% less capital invested

Capital invested by funds: $157M [Q2] → $138M (-$18.7M) [Q3]

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10