GUG: Potential Pressure On The Distribution, But The CEF Looks Decent Right Now [Seeking Alpha]
Guggenheim Active Allocation Fund (GUG)
Company Research
Source: Seeking Alpha
The GUG closed-end fund's performance has been mixed, with shares up 3.87% since December 2023, but its portfolio has actually delivered a negative return over the period. The fund primarily invests in bonds and debt securities, with a small allocation to equities, and employs leverage to boost its yield and total return. The fund only managed to cover its distributions during the most recent reporting period due to unrealized capital gains and it appears to be giving some of those back. The GUG fund is currently trading at a discount on net asset value. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Guggenheim Active Allocation Fund NYSE: GUG ) is a closed-end fund, or CEF, that income-hungry investors can purchase as a method of pursuing their goals. The fund certainly appears to do a good job at this particular task, as its 9.63% current yield is attractive even i
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GUG
Sec Filings
- 4/29/24 - Form NPORT-P
- 4/1/24 - Form 4
- GUG's page on the SEC website