Guggenheim's Monster Fund GOF: Admiring The Skill, Fearing The Price

  • Guggenheim Strategic Opportunities Fund (GOF) trades at a 27.84% premium, leveraging opportunistic credit with a high 15.15% distribution rate and significant leverage of ~23%. Despite impressive historical returns, the fund's premium poses a risk, especially in volatile markets, potentially leading to severe drawdowns. The portfolio includes high-risk assets like distressed debt and CLO equity, which could be problematic during economic downturns or credit spread blowouts.