GOF - Guggenheim Strategic Opportunities Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Dec 15, 2025

   The fund said it may sell new shares.

   Original document →

2. Nov 24, 2025

   The fund said it may sell new shares.

   Original document →

3. Nov 24, 2025

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Guggenheim Funds Investment Advisors, LLC. Part of the Guggenheim fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $2.35 billion of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 37% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -13.6%; at +10%, about +11.5%. As of May 31, 2026, from the fund's annual report. Original document →
• Costs: 1.2% a year in management fees; 2% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
  Among the 90 funds we follow that invest in bonds, 48 charge a lower management fee and 21 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $30 in the first year and about $276 over 10 years, assuming the holdings return 5% a year. As of May 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $2.19 a share. $0.90 of that was income; $1.29 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $10.79. The shares traded at $11.20, about 3.8% above that. As of May 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 0.3% below to 36.3% above. As of May 31, 2026, from the fund's annual report. Original document →
• How the holdings did: up 0.9% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2006.

How this has changed

• Payouts per share: $2.19 in the fiscal year ended May 31, 2026; $2.19 in the year ended May 31, 2025; $2.19 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $1.29 in the year ended May 31, 2026; $1.49 in the year ended May 31, 2025; $1.23 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.97% a year in the fiscal year ended May 31, 2026; 2.4% a year in the year ended May 31, 2025; 2.9% a year in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $2.4 billion at May 29, 2026; $2 billion at May 31, 2025; $1.7 billion at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 29, 2026 →, May 31, 2025 →, May 31, 2024 →.
• Borrowing: about 35% on top of its own money at May 29, 2026; 22% at May 31, 2025; 20% at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 29, 2026 →, May 31, 2025 →, May 31, 2024 →.
• The fund had about 223 million shares at May 31, 2026, up 56.7% from May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended May 31, 2026: the shares returned -9.3%, counting payouts; the holdings +14.5%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of May 31, 2026, from the fund's annual report. Original document →
• The year ended May 31, 2025: the shares returned +16.5%, counting payouts; the holdings +15.1%. As of May 31, 2025, from the fund's annual report. Original document →
• The year ended May 31, 2024: the shares returned +9.8%, counting payouts; the holdings +15.7%. As of May 31, 2024, from the fund's annual report. Original document →
• The year ended May 31, 2023: the shares returned +0.8%, counting payouts; the holdings +2.1%. As of May 31, 2023, from the fund's annual report. Original document →
• The year ended May 31, 2022: the shares returned -3.5%, counting payouts; the holdings -4%. As of May 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +12.8%. $10,000 of shares bought at the start (June 1, 2021) would have become about $11,300 by May 31, 2026, with every payout counted, before tax. As of May 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +9%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 57 funds that invest in bonds with a fiscal year ending within six months of this one, 52 reported a higher share return for that year and 4 a lower one. As of May 31, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly bonds (39%), the rest loans, mortgage bonds and shares. About 74% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Federal National Mortgage Association - 14.8%
2. iShares Trust Core S&P500 ETF - 2.4%
3. United States of America - Bureau of the Public Debt - 1.3%
4. Insured Lending 1 Ltd., Inlend 6.5 02/04/32 144 - 1%
5. Ftai Aircraft Leasing Fun - 1%
6. Lightning 2022-1 A Funded - 0.9%
7. Thunderbird 2022-1 A Funded - 0.9%
8. Obra Longevity Rff Cl A Nts Funded class A shares - 0.8%
9. Australia, Commonwealth of, Acgb 4.25 03/21/36 172 - 0.7%
10. Madison Park Funding LIII Ltd / LLC, Mdpk 2022-53A E - 0.6%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →