12% Dividend Yield, Outperforming Monthly Payer

Looking for some diversification in your portfolio? This closed-end fund, or CEF, offers a mix of fixed income and equity strategies. We began covering GOF at the start of 2022. So far in 2022, GOF has outperformed these 2 other bond funds, and the S&P 500, by a wide margin. It yields 12.37% and pays a monthly dividend. Management uses a mix of fixed income and equity strategies.

The Guggenheim Strategic Opportunity Fund's (NYSE:GOF) investment objective is to maximize total return through a combination of current income and capital appreciation. The Fund will pursue a relative value-based investment philosophy, which utilizes quantitative and qualitative analysis to seek to identify securities or spreads between securities that deviate from their perceived fair value and/or historical norms. The Fund’s sub-adviser seeks to combine a credit managed fixed-income portfolio with access to a diversified pool of alternative investments and equity strategies.

Source: Seeking Alpha

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