The Guggenheim Active Allocation Fund (GUG) is a mutual fund that aims to provide investors with a diversified portfolio by actively managing asset allocation across various asset classes. This fund utilizes a combination of fundamental and quantitative analysis to make investment decisions and may also use derivatives to enhance returns. With a focus on risk management, the Guggenheim Active Allocation Fund seeks to generate long-term capital appreciation while also providing income through a mix of equity, fixed income, and alternative investments.