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 In response to these fears, participants have essentially withdrawn most liquidity from the market.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
- Closed End Funds That Offer A Discount To Reinvest [Seeking Alpha]Seeking Alpha
- Guggenheim Investments Announces April 2024 Closed-End Fund Distributions [Yahoo! Finance]Yahoo! Finance
- Guggenheim Investments Announces April 2024 Closed-End Fund DistributionsGlobeNewswire
- GOF: Rethinking Opportunistic Credit, Despite Heavy Payouts (Downgrade) [Seeking Alpha]Seeking Alpha
- Downgrading Guggenheim Strategic Opportunities Fund From A Buy To A Sell At $14.70 [Seeking Alpha]Seeking Alpha
GOF
Sec Filings
- 3/4/24 - Form DEF
- 3/1/24 - Form DEF
- 2/2/24 - Form N-CSRS
- GOF's page on the SEC website