GUG is the ticker symbol for the Guggenheim Active Allocation Fund, which is a closed-end fund that seeks total return through a diversified portfolio of exchange-traded funds (ETFs) and closed-end funds (CEFs). The fund is actively managed and uses a tactical asset allocation strategy to invest in a variety of asset classes including equities, fixed income, and alternatives.
The Guggenheim Active Allocation Fund was launched on June 29, 2012, and is managed by Guggenheim Partners Investment Management, LLC. The fund has a net asset value (NAV) of over $400 million and trades on the New York Stock Exchange.
One of the key features of the Guggenheim Active Allocation Fund is its flexible investment approach. The fund can invest in a wide range of ETFs and CEFs that offer exposure to different market sectors, regions, and investment styles. This allows the fund managers to adjust the portfolio allocation in response to changing market conditions and economic trends.
The fund's portfolio is actively managed by a team of experienced investment professionals who use a top-down and bottom-up approach to select securities. They also monitor market trends and analyze economic data to identify investment opportunities and risks.
Investors in the Guggenheim Active Allocation Fund receive distributions on a quarterly basis. The fund's expense ratio is relatively low compared to other closed-end funds, and there is no minimum investment requirement for individual investors.
As with any investment, there are risks associated with investing in the Guggenheim Active Allocation Fund. Market volatility, interest rate changes, and changes in the value of the underlying ETFs and CEFs can all impact the fund's performance. Additionally, the use of leverage and the fund's focus on smaller companies can increase risk.
Overall, the Guggenheim Active Allocation Fund offers investors the opportunity to invest in a diversified portfolio of ETFs and CEFs using an actively managed approach. Its flexible investment strategy and experienced management team make it a potentially attractive option for investors seeking exposure to a variety of asset classes. However, investors should carefully consider the risks before investing in the fund.
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