Guggenheim Floating Rate Fund Quote
| GIFIX Fund | USD 24.46 0.01 0.04% |
Performance14 of 100
| Odds Of DistressLess than 17
|
Guggenheim Floating is trading at 24.46 as of the 23rd of April 2024; that is -0.04 percent decrease since the beginning of the trading day. The fund's open price was 24.47. Guggenheim Floating has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Guggenheim Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its assets in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities.. More on Guggenheim Floating Rate
Moving together with Guggenheim Mutual Fund
| 0.83 | TVRCX | Guggenheim Directional | PairCorr |
| 0.83 | TVRAX | Guggenheim Directional | PairCorr |
| 0.83 | TVRIX | Guggenheim Directional | PairCorr |
| 0.83 | TVVFX | Guggenheim Rbp Large | PairCorr |
| 0.83 | TVVCX | Guggenheim Rbp Large | PairCorr |
| 0.83 | TVVAX | Guggenheim Rbp Large | PairCorr |
| 0.83 | TVVIX | Guggenheim Rbp Large | PairCorr |
Guggenheim Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Guggenheim Floating's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Guggenheim Floating or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Guggenheim Investments Funds, Large Funds, Bank Loan Funds, Bank Loan, Guggenheim Investments (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 26th of May 2023 |
| Fiscal Year End | September |
Guggenheim Floating Rate [GIFIX] is traded in USA and was established 23rd of April 2024. Guggenheim Floating is listed under Guggenheim Investments category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of Guggenheim Investments family. This fund currently has accumulated 993.86 M in assets under management (AUM) with no minimum investment requirementsGuggenheim Floating Rate is currently producing year-to-date (YTD) return of 2.32% with the current yeild of 0.0%, while the total return for the last 3 years was 5.69%.
Check Guggenheim Floating Probability Of Bankruptcy
Instrument Allocation
Top Guggenheim Floating Rate Mutual Fund Constituents
| BKLN | Invesco Senior Loan | Etf | Bank Loan |
| SRLN | SPDR Blackstone Senior | Etf | Bank Loan |
| UTIXX | Money Market Obligations | Money Market Fund | US Money Market Fund |
Guggenheim Floating Target Price Odds Analysis
Based on a normal probability distribution, the odds of Guggenheim Floating jumping above the current price in 90 days from now is about 21.49%. The Guggenheim Floating Rate probability density function shows the probability of Guggenheim Floating mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Guggenheim Floating has a beta of 0.0132. This usually indicates as returns on the market go up, Guggenheim Floating average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Guggenheim Floating Rate will be expected to be much smaller as well. Additionally, guggenheim Floating Rate has an alpha of 0.0141, implying that it can generate a 0.0141 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Guggenheim Floating to move above the current price in 90 days from now is about 21.49 (This Guggenheim Floating Rate probability density function shows the probability of Guggenheim Mutual Fund to fall within a particular range of prices over 90 days) .
Guggenheim Floating Top Holders
| GIBRX | Guggenheim Total Return | Mutual Fund | Intermediate Core-Plus Bond |
| WAMIX | Wstcm Credit Select | Mutual Fund | Nontraditional Bond |
| WAMBX | Wstcm Credit Select | Mutual Fund | Nontraditional Bond |
| GUDPX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDIX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDCX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
| GUDAX | Guggenheim Diversified Income | Mutual Fund | Allocation--30% to 50% Equity |
Guggenheim Floating Rate Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Guggenheim Floating market risk premium is the additional return an investor will receive from holding Guggenheim Floating long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Guggenheim Floating. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Guggenheim Floating's alpha and beta are two of the key measurements used to evaluate Guggenheim Floating's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.0696 | |||
| Standard Deviation | 0.1522 | |||
| Variance | 0.0232 | |||
| Downside Variance | 0.0098 |
Guggenheim Floating Against Markets
Picking the right benchmark for Guggenheim Floating mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Guggenheim Floating mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Guggenheim Floating is critical whether you are bullish or bearish towards Guggenheim Floating Rate at a given time. Please also check how Guggenheim Floating's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guggenheim Floating without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
How to buy Guggenheim Mutual Fund?
Before investing in Guggenheim Floating, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Guggenheim Floating. To buy Guggenheim Floating fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Guggenheim Floating. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Guggenheim Floating fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Guggenheim Floating Rate fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Guggenheim Floating Rate fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Guggenheim Floating Rate, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Guggenheim Floating Rate?
The danger of trading Guggenheim Floating Rate is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Guggenheim Floating is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Guggenheim Floating. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Guggenheim Floating Rate is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guggenheim Floating Rate. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.