Guggenheim Credit Allocation Fund:GGM

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$18.50$17.903.35%
    52 Wk Avg$18.22$17.782.32%
    52 Wk High$20.52$19.477.65%
    52 Wk Low$10.65$14.94-24.65%
    Regular Distribution TypeIncome Only
    Distribution Rate11.76%
    Distribution Amount$0.1813
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed-income securities, debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans (collectively, “credit securities”). Credit securities in which the Fund may invest consist of corporate bonds, loans, asset- and mortgage-backed securities, U.S. government and agency securities, and other fixed-income securities. The Fund may invest in credit securities rated below investment grade, or, if unrated, determined to be of comparable quality.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$191.105M
    Total Common Assets:$156.452M
    Common Shares Outstanding:8,750,087
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $34.653M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $34.653M
    Effective Leverage (%): 18.13%
    Annual Expense Ratios

    As of 5/31/2020

      Per Common Share
    Management Fees1.30%
    Other Expenses:0.30%
    Baseline Expense: N/A
    Interest Expense:0.64%
    Total: 2.24%
    Fund Management

    Fund Sponsor
    Guggenheim

    Portfolio Managers
    B. Scott Minerd, Anne Bookwalter Walsh, Kevin H. Gundersen, Thomas J. Hauser, Richard J de Wet

    Basics
    Category: Fixed Income - Taxable-High Yield
    Ticker: GGM
    NAV Ticker: XGGMX
    Average Daily Volume (shares): 42,427
    Average Daily Volume (USD): $0.761M
    Inception Date: 6/26/2013
    Inception Share Price: $25.00
    Inception NAV: $23.82
    Tender Offer: No
    Term: No
    Fiscal Year End: May 31
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2020
    $0.7817
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    12.15%
    Total Return on NAV (12 months):
    As of 10/23/2020
    2.74%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    7.20%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    18.13%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month2.41%
    1 Year2.32%
    3 Year2.21%
    5 Year1.27%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month0.84
    6 Month0.59
    1 Year0.26
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF High Yield

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-1.89%0.28%-8.44%-3.83%
    201920.80%12.49%21.79%13.91%
    2018-7.07%-4.88%-5.54%-2.01%
    20178.15%10.14%9.77%9.23%
    201627.75%24.49%19.94%16.22%
    20150.09%-3.59%-4.93%-4.43%
    20144.48%2.46%2.04%2.36%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF High Yield

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    7.20%
    Number of Holdings:
    As of 5/31/2020
    205
    Annual Portfolio Turnover:
    As of 5/31/2020
    52.00%
    Average Bond Price:
    As of 5/31/2020
    $95.39
    Asset Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)94.46%
    Corporate Bond61.58%
    Bank Loan31.32%
    Convertible1.57%
    Securitized (Super Sector)0.84%
    Asset Backed0.84%
    Cash Equivalents0.00%
    Cash Equivalents (Super Sector)0.00%
    Top Holdings

    As of 5/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    KeHE Distributors, LLC / keHE Finance Corp.$4.22M2.24%
    Nes Global Talent - Term$3.62M1.92%
    Teneo Holdings$3.62M1.92%
    FAGE International S.A./FAGE USA Dairy Industry Inc.$3.59M1.91%
    Amwins Group Inc$3.49M1.85%
    Lbc Tank Terminal Hlding$3.37M1.79%
    Hunt Companies, Inc.$3.28M1.74%
    Beverages & More Inc.$3.03M1.61%
    Vector Group Ltd$2.98M1.58%
    Barclays PLC$2.96M1.57%
    Maturity Breakdown

    As of 5/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income57.40%
    Greece - Fixed Income1.91%
    France - Fixed Income1.32%
    United States - Equity1.01%
    Others - Fixed Income0.57%
    United Kingdom - Fixed Income0.47%
    Canada - Fixed Income0.44%
    Netherlands - Fixed Income0.16%
    Ireland - Fixed Income0.15%
    Australia - Equity0.03%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W