Guggenheim Municipal Income P
GIJPX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Guggenheim Municipal Income Fund Class P (GIJPX) is an open-end mutual fund managed by Guggenheim Partners Investment Management, LLC that seeks current income exempt from federal income tax, with a secondary objective of capital appreciation. The fund invests at least 80% of its net assets in a diversified portfolio of federally tax-exempt municipal securities across various geographies, sectors, projects, and security types, including bonds issued by states, local governments, and agencies such as Salt River Project Agricultural Improvement & Power District (Arizona electric system revenue), Charleston SC Waterworks & Sewer Revenue, Georgia State, Wisconsin State, and Idaho Housing & Finance Association sales tax revenue obligations; it may allocate across different market sectors and maturities, invest in securities rated in any category or unrated, and employ derivative instruments. Shares of the P class (ticker: GIJPX, CUSIP: 40169J887), which launched on May 1, 2015, feature a net expense ratio of 0.78% (reflecting a contractual fee waiver through February 1, 2026), daily pricing, accrued daily/monthly distributions (recent dividend $0.035120, 30-day subsidized SEC yield 3.45%), and no minimum initial investment; the fund is available to U.S. investors with total net assets of approximately $37 million. The fund, benchmarked against the Bloomberg Municipal Bond Index and categorized in the Muni National Long segment with high credit quality and extremely high interest-rate sensitivity, is managed by a team led by CIO Anne Walsh (since January 2012), alongside Allen Li (since 2017), Adam Bloch and Steven Brown (since 2019), and Evan Serdensky (since 2023). Portfolio diversification emphasizes U.S. municipal tax-exempt bonds (101.28% exposure, with top five holdings comprising 16.42%), supplemented by cash equivalents (2.86%). In recent developments, Guggenheim Investments, the broader division of Guggenheim Partners, LLC overseeing the fund, announced the sale of its actively managed equity funds business to New Age Alpha and closed a $1.2 billion private credit vehicle to support strategy growth; the firm also expanded its wealth channel salesforce and product lineup amid rising demand for fixed income and alternatives. These strategic shifts at the parent level, occurring in 2025, complement ongoing monthly distribution announcements for affiliated closed-end funds and routine performance updates, such as the institutional class returning 3.5% in Q3 2025, outperforming its benchmark. The fund operates from Guggenheim's U.S.-based headquarters, with no reported class-specific acquisitions, partnerships, or reorganizations in the past 1-2 years.