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 Oct. 21, 2021
Market Price $21.60 (- $0.12)
NAV (Oct. 21, 2021) $18.91 (- $0.01)
Premium / Discount 14.23% (-0.57%)
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
Alternative Income Index
Capital & Leverage
Outstanding Shares 11,353,737
Total Assets (Reported: May 31, 2021) $296M
Estimated Total Assets $301M
Net Assets $215M
Market Cap $245M
Portfolio Turnover 53.00%
Total Leverage 28.72%
Structural Leverage (out of total) 8.70%
Portfolio Leverage (out of total) 91.30%
Expense Ratio 2.25%
Non Lev Exp Ratio 1.80%
Rel Lev Cost 1.05%
Discount Data
Average Discount (3 Yr) 4.81%
Discount Low(3 Yr) -24.65%
Discount High(3 Yr) 16.74%
Discount Rel Range 93.93%
Comp Discount 12.33
Discount St Dev (1Yr) 4.05
Z-Stat (6mo) 0.93
Z-Stat (1Yr) 1.18
Z-Stat (3Yr) 1.88
Comp Z-Stat (6mo) 1.16
Comp Z-Stat (3Yr) 1.26
Distribution Data
Market Yield 10.07%
Income Yield 6.68%
Lev Adj NAV Yield 8.94%
Distribution Frequency M
Current Distribution $0.181
Current Income $0.120
Ex-Date 10/14/21
Payable Date 10/29/21
Div Growth (3yr) 0.00%
Dividend Change 5.8% on 8/1/14
Expected Div 11/1/21
RoC (1yr) 32.65%
RoC (3yr) 23.65%
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) $1,553
Avg Volume 30 day 83,834
Avg Volume 90 day 71,880
Volume Trend 16.63%
Comp Volume Trend 10.19%
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 83.0%
NAV - Price Correlation (30 d) -30.0%
NAV - Price Correlation (90 d) 17.8%
NAV - Price Correlation (1 Yr) 86.4%
Price St Dev (1Yr) 15.7%
NAV St Dev (1Yr) 4.3%
Earnings / Share (5/31/21) $0.124
Earn Coverage 68.34%
Earnings Trend Down
UNII / Share (5/31/21) $-0.073
Rel UNII -5.07
UNII Trend Up
Bond Specific Data
Maturity 6.37
Duration 3.48
Credit Rating (rbo) B
Investment Grade 10.64%
Non Investment Grade 86.74%
Unrated Bonds 2.62%
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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