Guggenheim Tax Muni & Inv Grade Debt Tr:GBAB

    Manage Alerts

    Overview

    As of 12/3/2024

     Share
    Price    		NAVPremium/
    Discount
    Current$15.94$15.661.79%
    52 Wk Avg$16.51$15.685.24%
    52 Wk High$18.53$16.2114.59%
    52 Wk Low$15.51$15.151.16%
    Regular Distribution Type†Income Only
    Distribution Rate9.47%
    Distribution Amount$0.1257
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust’s investment objective is to provide current income with a secondary objective of long-term capital appreciation. The Trust seeks to achieve its investment objectives by investing primarily in a diversified portfolio of taxable municipal securities, including Build America Bonds (“BABs”), and other investment grade, income generating debt securities, including debt instruments issued by non-profit entities (such as entities related to healthcare, higher education and housing), municipal conduits, project finance corporations, and tax-exempt municipal securities.

    Capital Structure

    As of 12/3/2024

    Total Investment Exposure:$507.550M
    Total Common Assets:$388.391M
    Common Shares Outstanding:24,801,498
    Leverage

    As of 12/3/2024

    Preferred Share Assets:
    Total Debt (USD): $119.158M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $119.158M
    Effective Leverage (%): 23.48%
    Annual Expense Ratios

    As of 5/31/2024

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 3.15%
    Fund Management

    Fund Sponsor
    Guggenheim Funds Investment Advisors LLC

    Portfolio Managers
    Anne Bookwalter Walsh, Adam J. Bloch, Steven H. Brown, Allen Li, Evan Serdensky

    Basics
    Category: Fixed Income - Taxable-Taxable Muni
    Ticker: GBAB
    NAV Ticker: XGBAX
    Average Daily Volume (shares): 84,497
    Average Daily Volume (USD): $1.397M
    Inception Date: 10/26/2010
    Inception Share Price: $20.00
    Inception NAV: $19.10
    Tender Offer: No
    Term: No
    Fiscal Year End: May 31
    Third Party Links & Reports

    Distributions

    As of 12/3/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 5/31/2024    		 $0.4176
    Annualized Distribution Rate on NAV:
    As of 12/3/2024    		9.63%
    Total Return on NAV (12 months):
    As of 12/3/2024    		13.41%
    Avg. Portfolio Coupon:
    As of 12/3/2024    		 5.66%
    Total % Portfolio Effectively Leveraged:
    As of 12/3/2024     		23.48%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 12/3/2024

    PeriodAvg Discount
    6 Month6.40%
    1 Year5.24%
    3 Year2.71%
    5 Year3.60%
    Z-Score

    As of 12/3/2024

    PeriodZStat
    3 Month-1.31
    6 Month-1.23
    1 Year-1.14
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 11/30/2024
    Category: Morningstar US CEF Taxable Muni

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD7.13%7.30%9.66%5.78%
    20238.85%10.48%6.78%11.68%
    2022-24.98%-24.98%-26.70%-24.82%
    2021-0.67%4.89%1.07%4.97%
    202015.04%11.37%15.74%10.56%
    201915.40%8.17%20.35%10.50%
    20183.49%1.85%-3.39%-1.46%
    201713.53%8.86%11.55%8.87%
    20167.86%8.56%7.26%5.48%
    20153.73%1.48%3.02%0.77%
    201420.98%19.66%17.45%17.53%
    2013-6.60%-2.95%-7.25%-4.25%
    201214.97%14.72%12.76%12.46%
    201126.43%24.83%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 11/30/2024
    Category: Morningstar US CEF Taxable Muni

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 12/3/2024    		5.66%
    Number of Holdings:
    As of 8/31/2024    		408
    Annual Portfolio Turnover:
    As of 5/31/2024    		17.00%
    Average Bond Price:
    As of 8/31/2024    		$96.94
    Asset Allocation

    As of 8/31/2024

    Top Sectors

    As of 8/31/2024

    Sector%Portfolio
    Municipal51.33%
    Municipal (Super Sector)51.33%
    Corporate (Super Sector)37.28%
    Corporate Bond25.51%
    Bank Loan10.19%
    Securitized (Super Sector)9.53%
    Asset Backed8.25%
    Preferred Stock1.58%
    Government Commercial Mortgage Backed0.93%
    Non Agency Residential Mortgage Backed0.35%
    Call Exposure

    As of 9/30/2024

    State Allocation

    As of 8/31/2024

    State% Portfolio
    California8.07%
    Texas7.52%
    Washington4.47%
    Pennsylvania3.66%
    Illinois2.87%
    Ohio2.85%
    Oklahoma2.62%
    West Virginia2.35%
    New York2.33%
    Indiana2.29%
    Top Holdings

    As of 8/31/2024

    HoldingValue% Portfolio
    WEST VA HIGHER ED POL COMMN REV$12.06M2.35%
    DALLAS TEX CONVENTION CTR HOTEL DEV CORP HOTEL REV$11.49M2.24%
    PHILADELPHIA PA SCH DIST$11.08M2.16%
    OKLAHOMA DEV FIN AUTH HEALTH SYS REV$10.54M2.06%
    OAKLAND CALIF UNI SCH DIST ALAMEDA CNTY$10.06M1.96%
    WESTCHESTER CNTY N Y HEALTH CARE CORP REV$10.05M1.96%
    SANTA ANA CALIF UNI SCH DIST$9.24M1.80%
    EVANSVILLE-VANDERBURGH IND SCH BLDG CORP$8.84M1.73%
    PITTSBURGH PA SCH DIST$7.69M1.50%
    HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 3.344%$7.64M1.49%
    Maturity Breakdown

    As of 8/31/2024

    Country Allocation

    As of 8/31/2024

    Country% Portfolio
    United States - Fixed Income78.76%
    Others - Fixed Income2.62%
    United Kingdom - Fixed Income1.50%
    Canada - Fixed Income1.36%
    Switzerland - Fixed Income0.37%
    Australia - Fixed Income0.36%
    Spain - Fixed Income0.20%
    Japan - Fixed Income0.19%
    France - Fixed Income0.17%
    United States - Equity0.06%
    Australia - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

    Powered by Morningstar

    View Morningstar Notice and Disclaimer