Opportunistic Structured Credit

Seeks to deliver high current yield and total returns with limited duration

The Opportunistic Structured Credit strategy invests across the breadth of undervalued opportunities generated by Guggenheim’s asset backed securities (“ABS”), residential mortgage backed securities (“RMBS”), and commercial mortgage backed securities (“CMBS”) platform.

Strong Track Record*

The strategy has delivered net returns of 16.5% per annum since inception in 2008, significantly outperforming its benchmark across different market environments. Risk management is embedded in every step of our process and the strategy has only experienced a negative quarterly return in one quarter since its inception in 2008.

Cash Distributions

Historically, investors have been offered regular distributions which they can take in cash or reinvest. Ten distributions have been offered to date, equaling approximately 50% of the net realized gains for each applicable time period.

Extensive Research Capabilities

Our analysts are organized by sector and perform deep due diligence on underfollowed deals with complex structures. Our rigorous research process allows us to unlock value without taking undue credit and interest rate risk.

Opportunistic Positioning

We employ opportunistic positioning at the sector and security level with a strong emphasis on relative value. The strategy’s allocations across ABS, CMBS and RMBS are driven by Guggenheim’s extensive macroeconomic and bottom-up research. The strategy has generated significant monthly cash flow, which mitigates the impact from market volatility and enables sector allocation without selling current holdings.

Long-Term Solution

The strategy has delivered attractive returns with low correlation to other asset classes and can provide excellent diversification benefits in an overall portfolio. With its track record of outperformance and high risk-adjusted returns, we believe the Opportunistic Structured Credit strategy can be a compelling solution in many economic or market environments.


Key Investment Professionals

Anne Walsh Anne B. Walsh, JD, CFA
Assistant CIO Fixed Income

James Michal James Michal
Portfolio Manager

Steven Brown, CFA
Portfolio Manager

Learn More
Learn more about our Structured Credit investment platform

The Opportunistic Structured Credit strategy is available as a private commingled fund. For more information, please contact us.




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• Not FDIC Insured • No Bank Guarantee • May Lose Value

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Guggenheim Investments

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with $198 billion1 in assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high-net-worth investors.

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