GOF - GOF Revisited: More Reasonably Priced Now But We Remain Cautious

March, 21 2022 06:36 AM Guggenheim Strategic Opportunities Fund of Beneficial Interest

I first wrote about the Guggenheim Strategic Opportunities Fund back in July 2021.
My thesis at that time was that its high premium (about 27%) and use of leverage did not provide the most comfortable margin of safety.
The price correction since then has lowered and premium somewhat and provided a much higher yield.
The fund has become more reasonably valued now.
But we remain cautious considering the leverage, the premium, and its concentrated exposure to bank loans and high-yield corporate bonds.

For further details see:

Company Name:	Guggenheim Strategic Opportunities Fund of Beneficial Interest
Stock Symbol:	GOF
Market:	NYSE