GOF: This Popular Bond Fund Looks Rather Risky [Seeking Alpha]
Guggenheim Strategic Opportunities Fund Common Shares of Beneficial Interest (GOF)
US:NYSE Investor Relations:
guggenheiminvestments.com/cef/fund/gof
Company Research
Source: Seeking Alpha
SummaryGOF is a popular fund among investors due to its high yield and focus on investing in corporate bonds.The fund has substantial exposure to the high yield bond market.Some of the largest issuers of high yield debt over the past decade have been energy companies, which may become financially stressed in the current environment.The fund could take some losses should we start seeing defaults of these bonds or other high yield debt as a result of the COVID-19 pandemic.The fund appears significantly overpriced at its current level.The current market has seen the market prices of nearly every asset class get punished as investors fear that the COVID-19 disease will cause an epidemic and lead to an economic slowdown. In response to these fears, participants have essentially withdrawn most liquidity from the market. This prompted the Federal Reserve to announce and implement an emergency rate cut and multiple levels of support into both the repo and commercial paper markets in an effort
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High impacting Guggenheim Strategic Opportunities Fund Common Shares of Beneficial Interest news events
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GOF
News
- Guggenheim Strategic Opportunities Fund declares $0.1821 dividend [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces November 2024 Closed-End Fund DistributionsGlobeNewswire
- Guggenheim Investments Announces October 2024 Closed-End Fund DistributionsGlobeNewswire
- Guggenheim Investments Announces September 2024 Closed-End Fund DistributionsGlobeNewswire
GOF
Sec Filings
- 10/30/24 - Form NPORT-P
- 9/3/24 - Form 4
- 8/27/24 - Form N-PX
- GOF's page on the SEC website