Guggenheim Municipal Income P

Frequently Asked Questions About GIJPX

What does GIJPX invest in?

This fund typically allocates a minimum of 80% of its total investment capital—which encompasses both its net assets and any funds borrowed for investment purposes—to a varied selection of municipal debt instruments. The earnings generated from these specific holdings are exempt from U.S. federal income tax.

What is the expense ratio of GIJPX?

Guggenheim Municipal Income P (GIJPX) charges an expense ratio of 0.78%. This is the annual fee deducted from fund assets to cover management and operations.

What is GIJPX's dividend yield?

GIJPX's trailing-twelve-month yield is 3.63%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GIJPX?

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

What is the credit quality of GIJPX?

GIJPX'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 GIJPX?

Yield to maturity (YTM) is the total return you'd earn from GIJPX if every bond in the portfolio is held to maturity at the current price. GIJPX'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.