Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Brian Edward Binder
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 227 West Monroe Street Chicago IL United States of America 60606
- IPO Date
- Oct 28, 2010
- CIK
- 0001495825
- Similar Companies
- Business
- Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) is a closed-end fixed income fund that seeks current income with a secondary objective of long-term capital appreciation through a diversified portfolio of taxable municipal securities and other investment grade, income-generating debt securities. The fund primarily invests in Build America Bonds (BABs) and Qualified School Construction Bonds (QSCBs), investment grade corporate bonds, asset-backed securities, high yield corporate bonds, bank loans, private placements, preferred securities, non-agency mortgage-backed securities, U.S. government and agency securities, agency mortgage-backed securities, municipal other securities, military housing bonds, commercial mortgage-backed securities, foreign government and agency securities, treasury securities, credit tenant loans, and equity strategies; sector exposures include hospital, school, housing, general purpose, university, state, district-special, transportation, water & sewer, power, recreational, city, county, and others, with notable state concentrations in Texas, California, Washington, Pennsylvania, New York, Illinois, Ohio, Massachusetts, Oklahoma, and West Virginia. It employs financial leverage of approximately 30% of total managed assets, utilizes a proprietary duration management strategy targeting an effective duration generally less than 15 years via interest-rate swaps and short-duration fixed-income securities, and trades on the NYSE with a CUSIP of 401664107 and NAV symbol XGBAX. Launched on October 26, 2010, by Guggenheim Partners, LLC, with initial market price of $20.00 and NAV of $19.10, the fund is managed by Guggenheim Funds Investment Advisors, LLC as investment adviser (headquartered at 227 West Monroe Street, 7th Floor, Chicago, IL 60606) and Guggenheim Partners Investment Management, LLC as sub-adviser (headquartered at 100 Wilshire Boulevard, Suite 500, Santa Monica, CA 90401); it operates in the U.S. fixed income markets, targeting institutional and high-net-worth investors seeking taxable municipal and investment grade debt exposure. In recent developments, the fund announced its December 2025 monthly distribution of $0.12573 per share (ex-date December 15, 2025; payable December 31, 2025), contributing to a current distribution rate of approximately 10.05% based on market price, with distributions potentially including return of capital as determined year-end. As of September 30, 2025, total managed assets stood at approximately $596 million, with a 1940 Act asset coverage ratio of 326.09%, leverage outstanding of $182.7 million, expense ratio of 2.59% (1.07% excluding interest expense), and portfolio turnover of 12%; year-to-date market price performance was 10.44% through late 2025, amid ongoing duration management amid interest rate environments. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last 1-2 years, with focus remaining on core taxable municipal and investment grade debt strategies.