Guggenheim Active Allocation Fund (GUG)

• Market cap: $495M
• 1 day: -0.2%
• 5 days: -2.28%
• 1 month: -6.07%
• 3 months: -1.9%
• 6 months: -3.85%
• Year to date: -2.15%
• 1 year: -0.92%
• 5 years: -25%
• 10 years: -25%
• 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.