Guggenheim Active Allocation Fund

Advent Convertible and Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Strategic Opportunities Fund

NEW YORK, April 01, 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 April 2024 Closed-End Fund Distributions

The Guggenheim Active Allocation Fund offers a current yield of 9.63%, which compares well to its peers in the "Hybrid-Global Allocation" fund category. 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.

GUG: Potential Pressure On The Distribution, But The CEF Looks Decent Right Now

NEW YORK, March 01, 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 March 2024 Closed-End Fund Distributions

NEW YORK, Feb. 01, 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 February 2024 Closed-End Fund Distributions

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

The Guggenheim Active Allocation Fund offers a 9.97% yield and invests in both stocks and bonds. The fund's performance since its inception has been poor, with shares down 28.90% over the period. The fund is heavily weighted towards bonds, particularly high-yield corporate bonds and bank loans, which offer better risk-adjusted returns in the current environment.

GUG: Not Perfect, But Still A Decent Way To Invest In The Debt Markets

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

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

MainStay CBRE Global Infrastructure Megatrends Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

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 Active Allocation Fund is a relatively safer alternative to the Guggenheim Strategic Opportunities Fund. GUG has a more reasonable distribution and better valuation, with a similar portfolio from the same investment managers. GUG's discount has widened to -14.23%, making it an interesting option for investors looking for a fund that has the flexibility to invest dynamically.

GUG: Discount Widens And Keeps This Fund Interesting

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

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

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

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

Guggenheim Active Allocation Fund is an interesting fund, focusing on 'active allocation,' though they haven't appeared too active thus far. GUG has a higher emphasis on fixed-income assets and provides a more reasonable and sustainable distribution than GOF at a much better valuation, making it a potential swap alternative. The fund's performance improved in 2023 after a period that was rough for almost all equities and fixed-income investments, and its discount has shown signs of stabilizing.

GUG: Discount Remains Attractive For This 'Active Allocation' Fund

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”).

Guggenheim Investments Announces June 2023 Closed-End Fund Distributions

GUG launched at the end of 2021, just in time to catch the historic bond drop and the weakness in the equity market. The fund has an "active allocation" approach where the managers can dynamically shift their portfolio.

GUG: Bad Timing For Launch, But Future Looks Brighter

GUG is a levered credit fund recently launched by Guggenheim Investments. Its portfolio composition is very similar to the larger GOF fund, with many overlapping securities.

Switch From GOF To GUG

NEW YORK, Dec. 01, 2022 (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 2022 Closed-End Fund Distributions

NEW YORK, Nov. 01, 2022 (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 2022 Closed-End Fund Distributions

GUG is a multi-asset closed-end fund with a broad asset allocation mandate. The fund is a recent addition to the CEF universe having been brought to market in November 2021.

GUG: Exposing The Same Issues As BCAT

First Trust Intermediate Duration Preferred & Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Western Asset Municipal High Income Fund

Nuveen Municipal Credit Income Fund

Western Asset

TCW Strategic Income Fund

Closed-end funds offer hefty yields and trade at discounts from the value of their underlying assets. But leverage poses a danger.

These Funds Are Solid Bargains When Markets Go South. 9 That Offer High Yields.

NEW YORK, Sept. 01, 2022 (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 2022 Closed-End Fund Distributions

Guggenheim Active Allocation Fund is a newly issued CEF with a broad mandate. In March, we wrote a piece on the fund advising patience, given the very poor track record of newly issued CEFs given capital allocation pressures.

GUG: New CEF Grinding Lower

GUG is a closed end fund with a broad asset allocation mandate.

News for Guggenheim Active Allocation Fund ETF (GUG)