Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund operates as a diversified, closed-end management investment company. The fund intends to maximize total return through a combination of current income and capital appreciation. It pursues a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The company was founded on November 13, 2006 and is headquartered in Chicago, IL.

The Guggenheim Strategic Opportunities Fund trades at a 10% premium over its net asset value and has a current distribution rate of 16.17%. The fund typically trades at a premium, but its premium has decreased recently, coinciding with a sizeable drawdown in fixed income. The fund's portfolio consists mostly of corporate exposures and has a healthy allocation to bank loans, but it is fading government exposure.

GOF: Why I'm Still Passing On The 16.17% Yield

Ares Capital

Ares Dynamic Credit Allocation Fund

AllianceBernstein Global High Income Fund Inc

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

Central Securities

Calamos Convertible Opportunities And Income Fund

DNP Select Income Fund Inc

Eaton Vance Enhanced Equity Income Fund II

Energy Transfer LP Unit

Flaherty & Crumrine Preferred Securities Income Fund Inc

abrdn Healthcare Investors 

New American High Income Fund

India Fund Inc

Kayne Anderson MLP Investment

Main Street Capital

Barings Corporate Investors

Annaly Capital

Nuveen Municipal High Income Opportunity Fund

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The 8% Income Portfolio: 2023 Year-End Review

Guggenheim Strategic Opportunities Fund and Gabelli Utility Trust have struggled since our prior coverage. The GOF closed-end fund's valuation has improved but still lacks distribution coverage, making it susceptible to future losses but not enough to warrant a "Sell." A distribution cut for GOF is still an overhanging risk, but after the valuation deflation, the risk should be more muted.

GOF: Valuation Comes Down (Rating Upgrade)

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Fidus Investment

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Opportunity Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Cohen & Steers Infrastructure Fund Inc

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

Advent Convertible and Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Active Allocation Fund

NEW YORK, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces January 2024 Closed-End Fund Distributions

Guggenheim Strategic Opportunities Fund focuses on generating high yields through fixed-income securities, with limited exposure to equities. GOF has a current dividend yield of over 16% and pays on a monthly basis. There are some concerns over the sustainability of the dividend.

GOF: Opportunity To Generate High Monthly Income

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

FS Credit Opportunities Corp

Highland Income Fund

CBRE Global Real Estate Income Fund

A safe double-digit yield makes it a lot easier to retire. Today we'll discuss a portfolio that pays 14.1% (that's no typo).

7 Massive Monthly Dividends Yielding Up To 18%

Guggenheim Strategic Opportunities Fund focuses on providing high yield through exposure to private fixed-income securities. The Fund heavily favors fixed-income products over equities to match its objective of delivering high-yielding income. Currently, it provides a very attractive yield of 16%, which in the context of relatively acceptable performance since early 2022 when the Fed started to hike makes a sound investment case.

GOF: An Unsustainable 16% Yielder

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces December 2023 Closed-End Fund Distributions

Declining net asset value and a volatile interest rate environment pressure this fund's distribution. This industrial conglomerate's legal issues are putting extra pressure on its dividend.

Don't Fall for These 2 Dividend Stocks: Cuts May Be Coming

Guggenheim Strategic Opportunities Fund has seen its premium to net asset value (NAV) collapse to zero, resulting in paper losses for recent investors. GOF historically delivers solid returns but it has a high distribution rate that is unsustainable, leading to a depletion of its NAV. The fund's immediate downside risk has been reduced with its premium to NAV reset, but if the distribution policy is not addressed, the premium could widen again in the future.

GOF: Premium To NAV Reset, But Fundamental Issue Remains

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces November 2023 Closed-End Fund Distributions

Guggenheim Strategic Opportunities Fund aims for an 18% current distribution rate by hedging against credit risk and utilizing leverage. GOF's portfolio is predominantly fixed income with a minimal equity allocation. The fund has historically traded at a 26% average premium, but is now at 4%, offering a potentially short window of opportunity.

GOF: The Premium Has Come Down On Opportunistic Credit

The current yield on the stock is almost 20%, and the distribution represents a considerable portion of its net asset value. Management has funded distributions by returning capital in recent years and increased the fund's leverage, too.

Here's Why the Guggenheim Strategic Opportunities Fund Slumped This Week

AllianceBernstein National Municipal Income Fund

BlackRock Health Sciences Trust II

MFS High Yield Municipal Trust

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

Sprott Focus Trust

GDL Fund

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces October 2023 Closed-End Fund Distributions

Closed-end funds with high distribution rates and elevated premiums may be setting investors up for significant losses. Guggenheim Strategic Opportunities Fund (GOF) and Gabelli Utility Trust (GUT) are sell candidates due to weak distribution coverage and massive near all-time high premiums. We offer some alternatives that are much better valued and offer similar or even higher distribution yields than these time bombs.

2 CEFs To Sell (GOF And GUT) With Better Replacements

Closed-end funds can use leverage to deliver excellent returns for investors, but how sustainable is taking on leverage when underlying assets are deteriorating? When funds trade at a significant premium-to-net asset value, it usually means the market is looking very positively at matters, which creates downside risk if something goes wrong.

Despite Its 13.7% Yield, This Fund Looks Risky Right Now

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces September 2023 Closed-End Fund Distributions

Reaves Utility Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces August 2023 Closed-End Fund Distributions

Investors are desperately in need of income today in order to maintain their lifestyles in the face of incredibly high inflation. Guggenheim Strategic Opportunities Fund invests primarily in a fixed-income portfolio to provide its investors with a high level of income. The GOF closed-end fund's shares in the market consistently deliver higher returns than its portfolio, making it look like the portfolio performs better than it actually does.

GOF: Market Performance Is Misleading

AGNC Investment

Ellington Financial

FS KKR Capital Corp

Cushing MLP & Infrastructure Total Return Fund

Trinity Capital

I recommend several high-yield income-oriented investments, including business development companies (BDCs), real estate investment trusts (REITs), and a closed-end fund (CEF) that holds midstream assets or master limited partnerships (MLPs). Regulated investment companies (RICs) offer high-yield distributions due to tax laws that regulate them and require them to distribute at least 90% of net income to shareholders. I provide specific recommendations for BDCs, REITs, and CEFs, including Trinity Capital, FS KKR Capital, Cion Investment Corp., and others that yield 12% or more annually.

A Dozen Income Picks Yielding 12% Or More

NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces July 2023 Closed-End Fund Distributions

NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

News for Guggenheim Strategic Opportunities Fund ETF (GOF)