Fund Evaluator:

Guggenheim Floating Rate Strats Instl Overview

Guggenheim Floating Rate Strats Instl (GIFIX) is an actively managed Taxable Bond Bank Loan fund. Guggenheim Investments launched the fund in 2011.

The investment seeks to provide a high level of current income while maximizing total return. 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.

About Guggenheim Floating Rate Strats Instl (GIFIX)

There are 4 members of the management team with an average tenure of 8.09 years: Anne Walsh (2011), Thomas Hauser (2014), Steven Brown (2023), Christopher Keywork (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and S&P UBS Leveraged Loan USD index with a weighting of 100%. Guggenheim Floating Rate Strats Instl has 327 securities in its portfolio. The top 10 holdings constitute 13.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Guggenheim Floating Rate Strats Instl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Guggenheim Floating Rate Strats Instl has 9.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.9% (85.3% domestic bond, 9.6% foreign bond and 0.0% convertible bond). Guggenheim Floating Rate Strats Instl has 4.2% of the portfolio in cash.

Assets Under Management

The fund has $357 million in total assets, which is above the $344 million average for the Bank Loan category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GIFIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Guggenheim Floating Rate Strats Instl expense ratio is high compared to funds in the Bank Loan category. Guggenheim Floating Rate Strats Instl has an expense ratio of 0.81%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Guggenheim Floating Rate Strats Instl has a portfolio turnover rate of 44%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Bank Loan category.

Recently, in the month of July 2026, Guggenheim Floating Rate Strats Instl returned 0.7%, which earned it a grade of C, as the Bank Loan category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Guggenheim Floating Rate Strats Instl has a trailing yield of 6.86%, which is above the 6.73% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Guggenheim Floating Rate Strats Instl Grades

Year to date, the fund has returned 2.5%, 0.5 percentage points better than the category, which translates into a grade of B. The fund has returned 3.8% over the past year (grade of C), 6.1% over the past three years (grade of D) and 5.5% per year over the past five years (grade of B) and 4.6% per year over the past 10 years (grade of C).

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