At a glance
- The launches extend Guggenheim's return to the ETF market, a comeback that began with GISC and GCSH, and bring the active platform to four funds.
- The rate-cut path remains uncertain, a backdrop the firm says favors active management for pursuing opportunistic income and positioning portfolios for shifting conditions.
- The launch machine keeps adding to the shelf, and the test is whether advisors have room for two more income funds.
Guggenheim Investments launched two active income ETFs on August 20, according to ETF Trends: the Guggenheim Enhanced Equity Income ETF (GEEQ), which overlays a covered-call strategy on a portfolio of companies with a strong record of paying dividends to amplify income and mitigate risk, and the Guggenheim Investment Grade CLO ETF (GCLO), which concentrates on investment-grade CLOs but may put up to 10% of net assets into below-investment-grade CLO paper, flexibility the firm says can capture yield opportunities other investment-grade CLO ETFs miss. Both carry a net expense ratio of 35 basis points, giving advisors one equity-income sleeve and one structured-credit sleeve from the same issuer, priced identically.
The launches extend Guggenheim's return to the ETF market, a comeback that began with GISC and GCSH, and bring the active platform to four funds. GISC's 30-day SEC yield stood at 5.18% as of July 31, 2026, per ETF Trends. Dina DiLorenzo, president and head of Guggenheim Investments, said in a statement that the response to the earlier funds reinforced what the firm has long believed: advisors and individual investors want access to the same active, research-driven strategies Guggenheim has delivered to institutions for decades, now extended into equity income via systematic options and the full CLO capital structure.
The rate-cut path remains uncertain, a backdrop the firm says favors active management for pursuing opportunistic income and positioning portfolios for shifting conditions. The 35-basis-point fee places both funds on the side of the market paying up for active bond managers, the growing minority in the fee barbell this publication has tracked. The covered-call sleeve is the more familiar trade; the CLO fund's 10% high-yield allotment is the more aggressive tell, a reach that acknowledges purely investment-grade CLO paper may not offer enough spread to justify active management on its own.
The launch machine keeps adding to the shelf, and the test is whether advisors have room for two more income funds. Guggenheim has priced both to be competitive; the CLO sleeve is the product that will determine whether this pair earns its place.
Reported by the Launches desk from ETF Trends. Published . Corrections