2024-02-01 08:23:23 ET
Summary
- The Guggenheim Strategic Opportunities Fund trades at a 10% premium over its net asset value and has a current distribution rate of 16.17%.
- The fund typically trades at a premium, but its premium has decreased recently, coinciding with a sizeable drawdown in fixed income.
- The fund's portfolio consists mostly of corporate exposures and has a healthy allocation to bank loans, but it is fading government exposure.
The Guggenheim Strategic Opportunities Fund (GOF), a $2 billion under-management, closed-end fixed-income fund, trades at approximately a 10% premium over its net asset value or NAV. Guggenheim Partners Asset Management Inc, of the late Scott Minerd, manages it. It has a current distribution rate of no less than 16.17%....
Read the full article on Seeking Alpha
For further details see:
GOF: Why I'm Still Passing On The 16.17% Yield