Guggenheim Strategic Opportunities Fund of Beneficial Interest
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$14.29
- Net Assets:$1,473.69 Million
- NAV:$12.16
- Premium17.52%
- Peer Rank:135 of 161
- Investment Rating:D
- Performance:D+
- RiskC+
We rate Guggenheim Strategic Opportunities at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 74% of its assets in bonds and may be considered for investors seeking a Growth & Income strategy.
Total return ranks below peers over the last three years. The Guggenheim Strategic Opportunities has returned an annual rate of 10.02% since inception. More recently, the fund has generated a total return of 6.89% in the last five years, 0.60% in the last three years, and -2.80% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 57% of them. It has also outpaced 38% of its competitors on a three year basis and 11% of them over the last year for the period ending 2/29/2024. On a year to date basis, GOF has returned 14.81%.
Downside risk has been above average. GOF has a draw down risk of -42.94%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 20.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $1.47 billion, GOF maintains a high expense ratio compared to its Growth & Income peers of 2.88% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As GOF is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Guggenheim Strategic Opportunities has been managed by Anne Walsh for the last 17 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 23% of other fund managers.