GOF News and Press, Guggenheim Strategic Opportunities Fund of Beneficial Interest From 08/28/22

Summary We review CEF market valuation and performance through the third week of August and highlight recent market action. The CEF rally petered out this week as nearly all sectors finished in the red on the back of the Fed refusing to pivot in a dovish direction. CEFs with f...

CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...

Guggenheim Strategic Opportunities is a large and popular fund helmed by the well-known Scott Minerd. It has a long term track record that's incredibly impressive. The team expects a Fed pivot in 2023 and sees opportunity in long duration quality fixed income. Ultimately, I ca...

CEF Focus Investing means selecting quality funds to have a steady stream of sustainable income over time. However, if we feel the imperative to stay fully invested in the market as it rises, we won’t have any cash to invest when prices fall. We should be aware that sooner ...

NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund...

GOF pays a steady, but not growing, monthly dividend that equates to a ~13% distribution. GOF price doesn't have a ton of upside, but that is by design. The passive income from distributions is why you buy it and those are rock-solid. There are risks, but I trust the management te...

My portfolio yield went from 8% last year to 11% June 16th. I show a purchase yielding 15.8% and my current holdings that day. Appendix-A explains the RSI and price Z-score I use to determine overbought and oversold stocks. Introduction The major problem I had in the...

NEW YORK, July 01, 2022 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund...

GOF has a yield of 13.58%. This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with a look at GOF which invests in various forms of debt. While GOF has positioned its portfolio to be ready to take advantage once the mark...

Price is what you pay, value is what you get. In the case of CEFs, price and value rarely coincide. In fact, as we know, CEFs may price at a premium or at a discount to the value of their assets. Why this happens remains a mystery, but one that we have to deal with every time ...