1. Home
  2. Strategies
  3. Alternatives
  4. Opportunistic Corporate Credit

Opportunistic Corporate Credit

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

Guggenheim Investments has more than $66 billion in total corporate credit AUM. With 100+ investment professionals, Guggenheim’s Corporate Credit team is one of the largest and most experienced in the industry. The Opportunistic Corporate Credit strategy benefits from our leadership in leveraged finance, deep industry research, and expertise in structuring transactions. The strategy invests across the breadth of opportunities generated by our integrated corporate credit platform.

Extensive Research and Deal Structuring Capabilities

The strategy is distinguished by a research- and negotiation-intensive approach that capitalizes on Guggenheim’s substantial sourcing, research, structuring and legal resources. Our ability to actively negotiate covenants, deal structures, and pricing while generating significant levels of transaction fee income mitigates downside risk, has enhanced total return, and enabled the strategy to generate alpha in different market environments. With our broad-based leadership in the credit market, we seek to generate returns from a variety of sources:

  • Higher-yielding, complex and under-followed credits
  • Privately originated loans
  • Stressed and distressed debt
  • Bridge loans and discounted revolvers
  • Post-reorganization and levered equities
  • Enhanced returns by leading transactions and negotiating deal structures

Monetizing Complexity Across Market Environments

The strategy launched during the financial crisis. Our deep research capabilities and stable capital base enabled the purchase of attractive securities at stressed and distressed prices. When concerns about European sovereign debt drove market volatility in 2011, our strong research coverage provided us with conviction to continue to purchase and own attractively valued credits. Today, Dodd-Frank/The Volcker Rule and Basel III regulations and updated leveraged lending guidelines are dramatically reshaping the banking landscape.

Guggenheim is one of the few firms with the resources and relationships with management teams, financial sponsors, and capital markets professionals to actively drive deal solutions in the new banking environment, enabling the strategy to capitalize on this structural shift in the capital markets. With its strong performance track record, low correlation, and high risk-adjusted returns, we believe the Opportunistic Corporate Credit strategy can be a compelling solution in any economic or market environment.

Strong Track Record*


Opportunistic Corporate Credit Net Returns

16.2% per annum since 2006 inception

High Current Yield

8.6% Adjusted Current Yield

Limited Duration

Effective Duration: 1.1 years

Related Alternative Strategies


Key Investment Professionals

Jeffrey Abrams

Portfolio Manager, Corporate Credit Investment Committee Member

Kevin Gundersen, CFA

Portfolio Manager, Corporate Credit Investment Committee Member

Zachary Warren

Portfolio Manager, Corporate Credit Investment Committee Member

Thomas Hauser

Portfolio Manager, Corporate Credit Investment Committee Member

Matthew Bloom

Head of Corporate Credit Research, Corporate Credit Investment Committee Member

Learn More

Important Disclosures

*As of 03.31.2016. 1Based on a representative account. The representative account was chosen since, in our view, it is the account within the composite which generally and over time most closely reflects the portfolio management style of the composite as of 03.31.16. The strategy’ benchmark is the BofA Merrill Lynch U.S. High Yield Master II Constrained Index (50%) / Credit Suisse Leveraged Loan Index (50%). 2Calculated using average asset balance over the last twelve month (LTM) period. Includes transaction fee income, which added approx. 74 bps of return for the LTM period ending 09.30.2015, and is included in the calculation of Adjusted Current Yield. Net returns are calculated by reducing gross returns with a model fee that includes 1) the greater of a) the highest management fee charged to an account in the Composite or b) the highest tier of the current management fee schedule, and 2) estimated performance fees where applicable.

Past performance is not a guarantee of future results. Investing involves risk, including the possible loss of principal. There is no guarantee that any investment strategy will achieve its investment objectives or is suitable for all investors. Diversification does not ensure profit nor protect against loss. Every asset class is subject to various risks that affect their performance in different market cycles. Fixed income investments are subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Equity investments are subject to market risk or the risk of loss due to adverse company and industry news, or general economic decline. Alternative investments are subject to market risk, currency risk, foreign investment risks, liquidity risks, higher fees and expenses, regulatory restrictions, and volatility due to speculative trading and use of leverage.

© Guggenheim Investments. All rights reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value

Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.