Guggenheim Active Allocation Fund (GUG)

• Market cap: $522M
• 1 day: -0.63%
• 5 days: 1.41%
• 1 month: 2.79%
• 3 months: -0.38%
• 6 months: 3.26%
• Year to date: 3.33%
• 1 year: 4.83%
• 5 years: -20.8%
• 10 years: -20.8%
• Sector: Financials
• Industry: Asset Management

About: Guggenheim Active Allocation Fund is a diversified closed-end management investment company. The fund's investment objective is to maximize total return through a combination of current income and capital appreciation. The company invests in both fixed-income and other debt instruments selected from a variety of sectors and credit qualities, and may also invest in equities. It uses tactical asset allocation models to determine the optimal allocation of its assets between fixed-income and equity securities. A majority of its investments are made in corporate bonds and the rest in senior floating rate interests, asset-backed securities, preferred stocks, and other securities.