CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Guggenheim Credit Allocation Fund (GGM)

Taxable Bond Funds - Multisector Bond Funds

Data as of June 18, 2021
Market Price $21.38 (+ $0.04)
NAV (June 18, 2021) $19.03 (- $0.02)
Premium / Discount 12.35% (+0.33%)
Fund Info
Inception June 26, 2013
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 800.345.7999
Location Illinois
Incorporated Delaware
Staggered Board Yes
Objective: Current income and capital appreciation; fixed-income securities, debt securities
Related Indexes
High Income Index
Multisector Bond Fund Index
Premium CEF/BDC Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 10,505,683
Total Assets (Reported: Nov. 30, 2020) $259M
Estimated Total Assets $291M
Net Assets $200M
Market Cap $225M
Portfolio Turnover 25.00%
Total Leverage 31.28%
Structural Leverage (out of total) 10.74%
Portfolio Leverage (out of total) 89.26%
Expense Ratio 2.27%
Non Lev Exp Ratio 1.79%
Rel Lev Cost 1.02%
Discount Data
Average Discount (3 Yr) 3.81%
Discount Low(3 Yr) -24.65%
Discount High(3 Yr) 15.68%
Discount Rel Range 91.73%
Comp Discount 8.77
Discount St Dev (1Yr) 3.85
Z-Stat (6mo) 1.12
Z-Stat (1Yr) 1.65
Z-Stat (3Yr) 2.09
Comp Z-Stat (6mo) 0.39
Comp Z-Stat (3Yr) 0.97
Distribution Data
Market Yield 10.18%
Income Yield 7.07%
Lev Adj NAV Yield 8.71%
Distribution Frequency M
Current Distribution $0.181
Current Income $0.126
Ex-Date 6/14/21
Payable Date 6/30/21
Div Growth (3yr) 0.00%
Dividend Change 5.8% on 8/1/14
Expected Div 7/1/21
RoC (1yr) 34.10%
RoC (3yr) 20.03%
Tax Dividend Data 2020 2018 - 2020
Income 66.4% 83.8%
ST Gains 0% 0%
QDI 1.0% 1.7%
LT Gains 0% 0%
RoC 33.6% 16.2%
Volume & Liquidity
Average Daily $ (M) $1,989
Avg Volume 30 day 49,631
Avg Volume 90 day 93,027
Volume Trend -46.65%
Comp Volume Trend -42.62%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Multisector Bond Fund Index
Most Correlated Peer (Mk Pr): GOF 75.0%
NAV - Price Correlation (30 d) 79.2%
NAV - Price Correlation (90 d) 46.5%
NAV - Price Correlation (1 Yr) 92.0%
Price St Dev (1Yr) 14.9%
NAV St Dev (1Yr) 4.7%
Earnings / Share (11/30/20) $0.118
Earn Coverage 65.25%
Earnings Trend Down
UNII / Share (11/30/20) $-0.451
Rel UNII -29.82
UNII Trend Down
Bond Specific Data
Maturity 5.85
Duration 3.28
Credit Rating (rbo) B
Investment Grade 10.28%
Non Investment Grade 87.16%
Unrated Bonds 2.55%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Multisector Bond Fund Index


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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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