Guggenheim Floating Rate Strategies Fund (GIFIX)
The fund normally invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in floating rate senior secured syndicated bank loans, floating rate revolving credit facilities, floating rate unsecured loans, floating rate asset backed securities, other floating rate bonds, loans, notes and other securities, fixed income instruments, and derivative instruments that provide exposure to floating rate or variable rate loans, obligations or other securities.
Fund Info
US40168W7157
40168W715
Nov 29, 2011
$2,000,000
Expense Ratio
GIFIX features an expense ratio of 0.78%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Guggenheim Floating Rate Strategies Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Guggenheim Floating Rate Strategies Fund had a return of 0.49% year-to-date (YTD) and 7.40% in the last 12 months. Over the past 10 years, Guggenheim Floating Rate Strategies Fund had an annualized return of 4.48%, while the S&P 500 had an annualized return of 11.29%, indicating that Guggenheim Floating Rate Strategies Fund did not perform as well as the benchmark.
GIFIX
0.49%
0.37%
3.93%
7.40%
5.18%
4.48%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of GIFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.74% | 0.49% | |||||||||||
| 2024 | 0.33% | 0.83% | 0.92% | 0.32% | 0.75% | -0.05% | 0.65% | 0.76% | 0.48% | 0.57% | 0.85% | 0.59% | 7.23% |
| 2023 | 2.87% | 0.44% | 0.15% | 0.92% | -0.25% | 2.44% | 1.26% | 1.34% | 0.70% | -0.32% | 1.27% | 1.54% | 13.03% |
| 2022 | 0.17% | -0.63% | 0.00% | -0.12% | -2.37% | -2.32% | 2.40% | 1.39% | -2.31% | 1.26% | 1.48% | 0.38% | -0.81% |
| 2021 | 1.11% | 0.47% | 0.08% | 0.55% | 0.77% | 0.28% | -0.07% | 0.38% | 0.79% | 0.21% | -0.15% | 0.61% | 5.14% |
| 2020 | 0.55% | -1.44% | -12.83% | 4.29% | 2.74% | 1.00% | 2.28% | 1.71% | 1.01% | 0.14% | 1.85% | 1.48% | 1.68% |
| 2019 | 1.94% | 1.41% | -0.30% | 1.58% | -0.34% | 0.14% | 0.90% | -0.31% | 0.40% | -0.50% | 0.67% | 1.38% | 7.14% |
| 2018 | 0.74% | 0.01% | 0.25% | 0.27% | 0.03% | -0.03% | 0.73% | 0.42% | 0.69% | -0.04% | -0.73% | -2.35% | -0.06% |
| 2017 | 0.30% | 0.43% | 0.14% | 0.32% | 0.39% | 0.05% | 0.69% | -0.05% | 0.38% | 0.56% | 0.13% | 0.24% | 3.63% |
| 2016 | -0.37% | -0.59% | 2.21% | 1.44% | 0.65% | -0.07% | 1.36% | 0.58% | 0.69% | 0.49% | 0.27% | 0.82% | 7.70% |
| 2015 | 0.31% | 1.23% | 0.41% | 0.74% | 0.35% | -0.07% | 0.44% | -0.47% | -0.36% | 0.02% | -0.67% | -0.57% | 1.34% |
| 2014 | 0.67% | 0.40% | 0.34% | 0.11% | 0.58% | 0.50% | 0.05% | 0.32% | -0.30% | 0.09% | 0.63% | -1.00% | 2.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, GIFIX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim Floating Rate Strategies Fund (GIFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guggenheim Floating Rate Strategies Fund provided a 8.43% dividend yield over the last twelve months, with an annual payout of $2.04 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.04 | $2.05 | $2.05 | $1.16 | $0.87 | $1.01 | $1.22 | $1.19 | $1.00 | $1.07 | $1.16 | $1.38 |
Dividend yield | 8.43% | 8.47% | 8.34% | 4.89% | 3.47% | 4.09% | 4.81% | 4.79% | 3.84% | 4.10% | 4.58% | 5.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Floating Rate Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.16 | $0.00 | $0.16 | ||||||||||
| 2024 | $0.17 | $0.17 | $0.18 | $0.17 | $0.19 | $0.16 | $0.17 | $0.19 | $0.17 | $0.17 | $0.15 | $0.16 | $2.05 |
| 2023 | $0.15 | $0.16 | $0.18 | $0.14 | $0.18 | $0.18 | $0.16 | $0.19 | $0.18 | $0.18 | $0.18 | $0.19 | $2.05 |
| 2022 | $0.05 | $0.05 | $0.07 | $0.07 | $0.08 | $0.08 | $0.10 | $0.11 | $0.11 | $0.13 | $0.14 | $0.16 | $1.16 |
| 2021 | $0.07 | $0.07 | $0.07 | $0.08 | $0.09 | $0.08 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.87 |
| 2020 | $0.10 | $0.09 | $0.09 | $0.09 | $0.08 | $0.07 | $0.09 | $0.07 | $0.10 | $0.08 | $0.08 | $0.08 | $1.01 |
| 2019 | $0.10 | $0.09 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.11 | $0.09 | $0.10 | $0.10 | $0.10 | $1.22 |
| 2018 | $0.09 | $0.08 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.09 | $0.10 | $0.11 | $0.12 | $1.19 |
| 2017 | $0.08 | $0.06 | $0.09 | $0.09 | $0.07 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $1.00 |
| 2016 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.07 |
| 2015 | $0.10 | $0.08 | $0.09 | $0.09 | $0.10 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.16 | $1.16 |
| 2014 | $0.10 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.07 | $0.16 | $0.14 | $0.10 | $0.10 | $0.22 | $1.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim Floating Rate Strategies Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Guggenheim Floating Rate Strategies Fund was 19.03%, occurring on Mar 24, 2020. Recovery took 177 trading sessions.
The current Guggenheim Floating Rate Strategies Fund drawdown is 0.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.03% | Feb 3, 2020 | 36 | Mar 24, 2020 | 177 | Dec 3, 2020 | 213 |
| -5.96% | Jan 24, 2022 | 113 | Jul 6, 2022 | 131 | Jan 11, 2023 | 244 |
| -3.49% | Aug 3, 2015 | 142 | Feb 24, 2016 | 40 | Apr 21, 2016 | 182 |
| -3.45% | Oct 11, 2018 | 53 | Dec 27, 2018 | 42 | Feb 28, 2019 | 95 |
| -1.99% | Dec 1, 2014 | 12 | Dec 16, 2014 | 44 | Feb 20, 2015 | 56 |
Volatility
Volatility Chart
The current Guggenheim Floating Rate Strategies Fund volatility is 0.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.