Guggenheim Active Allocation Fund (GUG)

• Market cap: $515M
• 1 day: -1.01%
• 5 days: 0.26%
• 1 month: 1.96%
• 3 months: -1.88%
• 6 months: 2.16%
• Year to date: 1.96%
• 1 year: 3.72%
• 5 years: -21.85%
• 10 years: -21.85%
• 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.