Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Frequently Asked Questions About GBAB

What does GBAB invest in?

The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end mutual fund focusing on fixed-income investments, originally launched by Guggenheim Partners, LLC. Its operations are jointly managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. The trust allocates capital within the United States' fixed income markets, primarily building a diversified portfolio composed of taxable municipal securities, particularly those designated as Build America Bonds. Established on October 26, 2010, this U.S.-domiciled entity was formerly known as Guggenheim Taxable Municipal Managed Duration Trust.

What is the expense ratio of GBAB?

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) charges an expense ratio of 2.59%. This is the annual fee deducted from fund assets to cover management and operations.

What is GBAB's dividend yield?

GBAB's trailing-twelve-month yield is 11.19%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GBAB?

Effective duration measures GBAB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GBAB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GBAB?

GBAB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GBAB?

Yield to maturity (YTM) is the total return you'd earn from GBAB if every bond in the portfolio is held to maturity at the current price. GBAB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.