Guggenheim Active Allocation Fund (GUG)
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GUG: A Decent Fund, But Bond Risks Weigh On It
Guggenheim Active Allocation Fund (GUG) offers a 9.47% yield, primarily via a leveraged, multi-sector bond portfolio with minimal equity or alternatives exposure. GUG's performance has generally outpaced major bond indices over multi-year periods, but leverage amplifies both gains and losses, increasing volatility. Recent returns have lagged junk bond benchmarks, and distribution coverage relies partly on unrealized gains, warranting close monitoring of NAV trends.
GUG: Worried About Inflation? Try Active Short Duration Bonds
13Given how crucial the fixed income sleeve can be to one's portfolio, the recent concerns over inflation have caused many advisors and investors to rethink how they go about their exposure. This includes debating over active and passive funds, and reevaluating the type of bond duration that is most attractive at this moment.
GUG: Heavy Fixed-Income Exposure With Monthly Pay
The Guggenheim Active Allocation Fund provides exposure to a diversified basket of investments, heavily tilted toward fixed income. GUG's discount has narrowed substantially, reducing its relative value and making it less appealing at current levels. The fund maintains a 9.13% distribution yield, with net investment income covering around 63% of payouts, requiring capital gains to fill the gap.
Guggenheim Active Allocation Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,500 | $21,300 | $20,490 | -$810 | -3.8% |
| RAS Robert A. Saperstein Guggenheim Capital LLC | 950,000 | $13.08M | $13.01M | -$78,187.58 | -0.6% |
| FP Frank Poli COHEN & STEERS Inc. | 848,149 | $11.84M | $11.61M | -$228,820.09 | -1.93% |
 Penny A. Phillips Journey Strategic Wealth LLC | 31,939 | $477,566.69 | $436,925.52 | -$40,641.17 | -8.51% |
 David T. Morgan High Net Worth Advisory Group LLC | 12,735 | $195,324.53 | $174,915.22 | -$20,409.31 | -10.45% |
Guggenheim Active Allocation Fund (GUG) FAQ
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