Guggenheim Enhanced Equity Income Fund:GPM

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$5.79$6.65-12.93%
    52 Wk Avg$6.40$6.71-5.19%
    52 Wk High$8.40$8.1714.29%
    52 Wk Low$3.48$4.41-20.26%
    Regular Distribution TypeIncome Only
    Distribution Rate8.29%
    Distribution Amount$0.1200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks a high level of current income and gains with a secondary objective of long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. GPAM will manage the Fund utilizing a covered call strategy developed by GPAM to seek to utilize efficiencies from the tax characteristics of the Funds portfolio. GPAMs covered call strategy will seek to follow a dynamic rules-based methodology to obtain broadly diversified exposure to the equity markets, either through investments that replicate the economic characteristics of broadly diversified exposure to the equity markets, including exchange-traded funds or other investment funds that track equity market indices, or through investments in individual common stocks along with other securities and instruments. The Fund will have the ability to write call options on indices and/or securities which will typically be at- or out-of-the money. GPAMs strategy typically targets one-month options, although options of any strike price or maturity may be utilized. The Fund will seek to earn income and gains through both dividends paid by on securities owned by the Fund and cash premiums received from selling options. Although the Fund will receive premiums from the options written, by writing a covered call option, the Fund forgoes any potential increase in value of the underlying securities above the strike price specified in an option contract through the expiration date of the option. To the extent GPAMs strategy seeks to achieve broad equity exposure through a portfolio of common stocks, the Fund would hold a diversified portfolio of stocks, whereas to the extent GPAMs equity exposure strategy is implemented through investment in broad-based equity exchange-traded funds and other investment funds or instruments, the Funds portfolio may comprise fewer holdings.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$447.545M
    Total Common Assets:$319.545M
    Common Shares Outstanding:48,342,587
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $128.000M
    Regulatory Leverage (USD): $128.000M
    Effective Leverage (USD): $128.000M
    Effective Leverage (%): 28.60%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees1.16%
    Other Expenses:0.22%
    Baseline Expense: N/A
    Interest Expense:1.36%
    Total: 2.74%
    Fund Management

    Fund Sponsor
    Guggenheim Investments Asset Management

    Portfolio Managers
    B. Scott Minerd, Anne Bookwalter Walsh, Jayson B. Flowers, Jamal Pesaran, Farhan Sharaff

    Basics
    Category: Equity-Covered-Call Funds
    Ticker: GPM
    NAV Ticker: XGPMX
    Average Daily Volume (shares): 231,808
    Average Daily Volume (USD): $1.405M
    Inception Date: 8/25/2005
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 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 6/30/2020
    $0.0241
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    7.22%
    Total Return on NAV (12 months):
    As of 10/23/2020
    -7.75%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    28.60%

    Pricing Information

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

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-10.70%
    1 Year-5.19%
    3 Year-1.66%
    5 Year-3.73%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month1.48
    6 Month-0.53
    1 Year-1.11
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-25.99%-14.07%-8.64%-2.52%
    201934.28%28.96%28.63%22.38%
    2018-14.67%-13.23%-11.75%-7.93%
    201724.54%20.46%23.10%16.38%
    201618.04%12.04%8.90%8.17%
    20150.31%1.71%1.86%0.11%
    20148.44%7.30%7.53%4.80%
    201320.15%17.66%19.68%17.79%
    201211.77%6.57%14.03%10.09%
    2011-2.42%6.94%-8.50%-0.23%
    201022.47%13.83%10.02%9.66%
    200923.62%3.77%45.18%23.14%
    2008-39.90%-35.14%-32.50%-30.52%
    2007-8.17%2.65%  
    200626.54%9.58%  
    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 Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2020
    509
    Annual Portfolio Turnover:
    As of 12/31/2019
    22.00%
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)41.18%
    Cyclical (Super Sector)33.95%
    Defensive (Super Sector)24.63%
    Technology17.96%
    Healthcare13.42%
    Industrials12.80%
    Financial Services12.59%
    Consumer Cyclical12.53%
    Consumer Defensive6.69%
    Communication Services6.52%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    iShares Russell 2000 ETF$44.10M10.64%
    Invesco QQQ Trust$43.29M10.45%
    SPDR® S&P 500 ETF Trust$43.22M10.43%
    Gap Inc$0.68M0.16%
    ResMed Inc$0.68M0.16%
    Eli Lilly and Co$0.65M0.16%
    The AES Corp$0.65M0.16%
    Lam Research Corp$0.64M0.16%
    Hologic Inc$0.64M0.16%
    Howmet Aerospace Inc$0.64M0.15%
    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity98.36%
    United Kingdom - Equity0.51%
    Switzerland - Equity0.45%
    China - Equity0.17%
    Singapore - Equity0.14%
    Russia - Equity0.12%
    Brazil - Equity0.05%
    Others - Equity0.03%
    Netherlands - Equity0.03%
    Canada - Equity0.02%
    Israel - Equity0.02%
    Taiwan - Equity0.01%
    Germany - Equity0.00%
    Ireland - Equity0.00%
    Czech Republic - Equity0.00%
    Hong Kong - Equity0.00%
    United States - Fixed Income0.00%

    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