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Guggenheim Macro Opportunities A (GIOAX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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26.61-0.01 (-0.04%)
At close: 8:00PM EDT
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Previous Close26.62
YTD Return2.82%
Expense Ratio (net)1.28%
CategoryNontraditional Bond
Morningstar Rating★★★★★
Morningstar Risk Rating★★★★
Last Cap Gain0.00
Net Assets5.68B
Beta (3y)0.14
Yield4.14%
Holdings Turnover61.00%
Last Dividend0.07
Inception DateNov 30, 2011
Average for CategoryN/A
  • Reuters2 years ago

    "Go anywhere" bond funds pose risks that investors can't see

    With the Federal Reserve expected by many to begin increasing interest rates next month, investors will be looking to the managers of unconstrained bond funds for protection. On top of that, the average unconstrained bond fund has 198 percent annual turnover, according to Lipper, meaning that the securities in the funds in March could have been completely swapped out by September. Understanding the mechanics of these funds has gotten so difficult that even analysts at fund research shops Morningstar and Lipper can't get a handle on what these portfolios are doing, analysts told Reuters.

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