Guggenheim Strategic Opportunities Fund

GOF

Market cap $2.63B

GOF's impressive long-term returns and unique DRIP feature help sustain its high premium to NAV, but current valuations are stretched. Buying at a 30%+ premium is risky; I recommend turning off DRIP at these levels to avoid overpaying for new shares. While the fund's management and flexible mandate are strong, the distribution appears unsustainable given the fixed-income portfolio's yield.

NEW YORK, Sept. 02, 2025 (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”).

I'm sure you've noticed that the media has been fretting about a selloff in the last few weeks. But the S&P 500 is still up a lot on the year.

Caring about dividends can increase our returns, but caring about NAV can save our portfolio. Return and NAV protection must go hand in hand, because there can be no sustainable return without protecting the value of the underlying assets. As far as I am concerned, the way to protect my portfolio is to favor only securities with a positive NAV over time.

GOF offers a high, consistent yield (14.6%) but pays out more than it earns, causing long-term NAV erosion and share price decline. The fund trades at a historically high premium to NAV (~29%), making it difficult to recommend buying at current levels. GOF's income is reliant on below-investment-grade credit and leverage, making it sensitive to interest rates and economic downturns.

NEW YORK, Aug. 01, 2025 (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”).

We closed out the first half of 2025, making it an appropriate time to give the overall CEF space a fresh look for potential opportunities. As the broader equity indexes have been performing quite well, discounts in the CEF space have narrowed overall. The best relative value more broadly is in the municipal bond space and the "hybrid" funds.

Recent events have compressed credit spreads to the thinnest levels in the past 4 decades or so. This leads use to see a poor reward/risk ratio for Guggenheim Strategic Opportunities Fund given its large exposure to high-yield corporate bonds. PIMCO Corporate and Income Opportunity Fund is better positioned than GOF due to its larger allocation to government securities.

NEW YORK, July 01, 2025 (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”).

With respective dividend or distribution yields of 14.7%, 8.3%, and 6.6%, these three investments could provide an investor with an aggregate yield of 9.9% if purchased together. However, I think that the closed-end Guggenheim Strategic Opportunities Fund (GOF 0.71%), the home appliance company Whirlpool (WHR 0.23%), and UPS (UPS -0.40%) are likely to reduce their dividends or distributions to investors.