GOF - Guggenheim Strategic Opp Looks Risky Here But Distribution Is Safe
(All data from their annual report unless otherwise noted.)
We dissected the annual report for the recently filed Guggenheim Strategic Opportunities Fund (GOF) that was published on July 30th. Many investors like investing in this black box given the higher yield and strong performance. But it is largely an unknown, as the strategy is a bit nebulous to most investors. From its annual report:
- The Fund may invest without limitation in fixed-income securities rated below investment grade (commonly referred to as “junk bonds”); the Fund may invest in below-investment grade income securities of any rating;