Guggenheim Active Allocation Fund was incorporated in Delaware on May 20, 2021. They are a newly formed diversified closed-end management investment company. The fund's investment objective is to maximize total return by combining current income and capital appreciation. The fund will employ a tactical asset allocation strategy (dynamic allocation across asset classes) and a relative value-based investment strategy, utilizing quantitative and qualitative analysis to find securities with attractive relative value and risk/return characteristics. The fund's associate advisor seeks to combine a credit-managed fixed-income portfolio with a diversified pool of alternative investments and equity strategies. The Fund's investment philosophy is based on the belief that thorough research and independent thinking will yield performance that is likely to outperform standard indices on an absolute and risk-adjusted basis.