Guggenheim Macro Opportunities Fund (GIOIX)
The fund invests in a wide range of fixed-income and other debt and equity securities selected from a variety of sectors and credit qualities, principally corporate bonds, syndicated bank loans and other direct lending opportunities, participations in and assignments of syndicated bank loans, asset-backed securities, U.S. government and agency securities, sovereign debt securities, Eurodollar bonds and obligations, mezzanine and preferred securities, commercial paper, zero-coupon bonds, municipal securities, etc.
Fund Info
US40168W5821
40168W582
Nov 29, 2011
$2,000,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Guggenheim Macro Opportunities 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 Macro Opportunities Fund had a return of 7.08% year-to-date (YTD) and 11.37% in the last 12 months. Over the past 10 years, Guggenheim Macro Opportunities Fund had an annualized return of 3.87%, while the S&P 500 had an annualized return of 11.21%, indicating that Guggenheim Macro Opportunities Fund did not perform as well as the benchmark.
GIOIX
7.08%
0.46%
5.11%
11.37%
4.33%
3.87%
^GSPC (Benchmark)
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Monthly Returns
The table below presents the monthly returns of GIOIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.61% | 0.07% | 1.05% | -0.37% | 1.08% | 0.82% | 1.48% | 1.24% | 1.05% | -0.23% | 7.08% | ||
| 2023 | 3.14% | -0.92% | 0.77% | 0.71% | -0.55% | 0.54% | 1.21% | 0.28% | -0.56% | -0.65% | 2.66% | 2.74% | 9.69% |
| 2022 | -1.45% | -1.02% | -0.74% | -1.91% | -1.30% | -3.42% | 3.25% | -1.07% | -3.52% | -0.24% | 3.01% | -0.07% | -8.37% |
| 2021 | 0.34% | 0.36% | -0.42% | 0.68% | 0.59% | 0.22% | 0.18% | 0.04% | 0.03% | -0.08% | -0.18% | 0.71% | 2.51% |
| 2020 | 0.54% | -0.11% | -6.32% | 1.99% | 2.17% | 1.41% | 3.83% | 1.39% | 0.81% | 0.40% | 3.45% | 1.83% | 11.58% |
| 2019 | 0.22% | 0.35% | 0.10% | 0.37% | 0.49% | -0.12% | 0.20% | 0.31% | -0.01% | 0.09% | -0.02% | 0.26% | 2.25% |
| 2018 | 0.72% | -0.27% | -0.06% | 0.03% | 0.01% | 0.20% | 0.40% | 0.31% | 0.34% | -0.15% | -0.21% | -0.85% | 0.45% |
| 2017 | 0.93% | 0.65% | 0.39% | 0.37% | 0.16% | 0.44% | 0.42% | 0.33% | 0.35% | 0.42% | 0.27% | 0.46% | 5.32% |
| 2016 | -1.06% | -0.81% | 2.23% | 1.74% | 0.84% | 0.84% | 2.03% | 1.28% | 0.68% | 0.91% | 0.61% | 0.99% | 10.70% |
| 2015 | 0.62% | 0.97% | 0.26% | -0.45% | 0.53% | -0.40% | 0.39% | -0.62% | -0.61% | -0.22% | -0.35% | -1.27% | -1.17% |
| 2014 | 1.38% | 1.47% | 0.07% | 0.18% | 0.71% | 0.67% | -0.55% | 0.82% | -0.58% | 0.61% | 0.94% | -0.29% | 5.53% |
| 2013 | 1.68% | 0.61% | 0.88% | 1.07% | -0.37% | -2.83% | 0.05% | 0.09% | 0.14% | 2.09% | 0.15% | 0.65% | 4.21% |
Expense Ratio
GIOIX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GIOIX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim Macro Opportunities Fund (GIOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guggenheim Macro Opportunities Fund provided a 6.31% dividend yield over the last twelve months, with an annual payout of $1.56 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.56 | $1.57 | $1.21 | $1.05 | $1.11 | $0.85 | $0.92 | $0.95 | $1.42 | $1.38 | $1.33 | $1.45 |
Dividend yield | 6.31% | 6.45% | 5.12% | 3.89% | 4.05% | 3.29% | 3.55% | 3.54% | 5.38% | 5.48% | 4.96% | 5.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Macro Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.12 | $0.12 | $0.12 | $0.14 | $0.12 | $0.12 | $0.13 | $0.11 | $0.12 | $0.00 | $1.22 | |
| 2023 | $0.11 | $0.11 | $0.12 | $0.10 | $0.12 | $0.12 | $0.11 | $0.12 | $0.15 | $0.17 | $0.16 | $0.18 | $1.57 |
| 2022 | $0.08 | $0.07 | $0.09 | $0.09 | $0.08 | $0.10 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.13 | $1.21 |
| 2021 | $0.10 | $0.11 | $0.10 | $0.10 | $0.09 | $0.09 | $0.09 | $0.07 | $0.07 | $0.09 | $0.07 | $0.07 | $1.05 |
| 2020 | $0.07 | $0.05 | $0.06 | $0.08 | $0.08 | $0.09 | $0.11 | $0.10 | $0.11 | $0.12 | $0.11 | $0.13 | $1.11 |
| 2019 | $0.08 | $0.06 | $0.07 | $0.08 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.05 | $0.07 | $0.85 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.08 | $0.07 | $0.08 | $0.10 | $0.08 | $0.08 | $0.09 | $0.09 | $0.08 | $0.92 |
| 2017 | $0.09 | $0.09 | $0.08 | $0.08 | $0.09 | $0.08 | $0.07 | $0.09 | $0.06 | $0.08 | $0.07 | $0.06 | $0.95 |
| 2016 | $0.14 | $0.12 | $0.10 | $0.16 | $0.11 | $0.10 | $0.11 | $0.16 | $0.09 | $0.11 | $0.12 | $0.10 | $1.42 |
| 2015 | $0.14 | $0.09 | $0.08 | $0.13 | $0.10 | $0.10 | $0.12 | $0.10 | $0.09 | $0.14 | $0.10 | $0.20 | $1.38 |
| 2014 | $0.17 | $0.11 | $0.10 | $0.11 | $0.11 | $0.12 | $0.10 | $0.12 | $0.08 | $0.11 | $0.08 | $0.12 | $1.33 |
| 2013 | $0.12 | $0.13 | $0.11 | $0.12 | $0.13 | $0.14 | $0.12 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $1.45 |
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 Macro Opportunities 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 Macro Opportunities Fund was 12.22%, occurring on Oct 24, 2022. Recovery took 297 trading sessions.
The current Guggenheim Macro Opportunities Fund drawdown is 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.22% | Jan 3, 2022 | 204 | Oct 24, 2022 | 297 | Dec 29, 2023 | 501 |
| -8.42% | Feb 3, 2020 | 37 | Mar 25, 2020 | 77 | Jul 15, 2020 | 114 |
| -5.47% | Apr 9, 2015 | 222 | Feb 24, 2016 | 71 | Jun 6, 2016 | 293 |
| -4.48% | May 10, 2013 | 32 | Jun 25, 2013 | 136 | Jan 8, 2014 | 168 |
| -1.94% | Feb 17, 2021 | 29 | Mar 29, 2021 | 51 | Jun 10, 2021 | 80 |
Volatility
Volatility Chart
The current Guggenheim Macro Opportunities Fund volatility is 0.55%, 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.