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GPM - Guggenheim Enhanced Equity Income Fund: Mixed Record And High Risk
Guggenheim Enhanced Equity Income Fund
Guggenheim Enhanced Equity Income Fund (NYSE:GPM) is an equity closed-end-fund with $563 million in total managed assets and inception date in May 2005. GPM seeks a high level of current income with a secondary objective of long-term capital appreciation. The strategy utilized is a variation of index buy-write in that it holds a passive exposure to equal-weight S&P 500 equities along with a large position in broad market index exchange traded funds, while selling call options to generate consistent income. The value here is that Guggenheim is able to implement a "dynamic rules-based