Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust of Benef Interest
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$15.22
$397 M
0.00%
1.27%
Vitals
YTD Return
-4.7%
1 yr return
-4.4%
3 Yr Avg Return
-12.8%
5 Yr Avg Return
-7.5%
Net Assets
$397 M
Holdings in Top 10
22.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$15.22
$397 M
0.00%
1.27%
XGBAX - Profile
Distributions
- YTD Total Return -4.7%
- 3 Yr Annualized Total Return -12.8%
- 5 Yr Annualized Total Return -7.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.22%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGuggenheim Taxable Municipal Bond & Investment Grade Debt Trust of Benef Interest
-
Fund Family NameGuggenheim Investments Asset Management
-
Inception DateNov 04, 2010
-
Shares Outstanding21630886
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerB. Scott Minerd
Fund Description
XGBAX - Performance
Return Ranking - Trailing
Period | XGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -5.4% | 5.1% | 96.88% |
1 Yr | -4.4% | -8.4% | 5.2% | 96.88% |
3 Yr | -12.8%* | -13.0% | 34.1% | 100.00% |
5 Yr | -7.5%* | -7.5% | 22.3% | 100.00% |
10 Yr | -1.5%* | -1.5% | 13.3% | 100.00% |
* Annualized
Return Ranking - Calendar
Period | XGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.4% | 0.4% | 6.0% | 100.00% |
2022 | -31.0% | -31.0% | 111.9% | 100.00% |
2021 | -1.7% | -8.2% | -0.4% | 15.63% |
2020 | 4.2% | 1.9% | 12.2% | 64.52% |
2019 | 1.2% | 1.2% | 19.0% | 100.00% |
Total Return Ranking - Trailing
Period | XGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -5.4% | 5.1% | 96.88% |
1 Yr | -4.4% | -8.4% | 5.2% | 96.88% |
3 Yr | -12.8%* | -13.0% | 34.1% | 100.00% |
5 Yr | -7.5%* | -7.5% | 22.3% | 100.00% |
10 Yr | -1.5%* | -1.5% | 13.3% | 100.00% |
* Annualized
Total Return Ranking - Calendar
Period | XGBAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.4% | 0.4% | 11.2% | 100.00% |
2022 | -31.0% | -31.0% | 121.2% | 100.00% |
2021 | -1.7% | -2.9% | 3.1% | 65.63% |
2020 | 4.2% | 4.2% | 18.6% | 100.00% |
2019 | 4.6% | 4.6% | 24.6% | 100.00% |
NAV & Total Return History
XGBAX - Holdings
Concentration Analysis
XGBAX | Category Low | Category High | XGBAX % Rank | |
---|---|---|---|---|
Net Assets | 397 M | 10.2 M | 16.1 B | 84.38% |
Number of Holdings | 364 | 40 | 3692 | 68.75% |
Net Assets in Top 10 | 149 M | 3.98 M | 1.59 B | 59.38% |
Weighting of Top 10 | 22.07% | 2.7% | 58.1% | 40.63% |
Top 10 Holdings
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
- Umbs 30Yr Tba(Reg A) 5.00%
Asset Allocation
Weighting | Return Low | Return High | XGBAX % Rank | |
---|---|---|---|---|
Bonds | 98.16% | 70.58% | 182.58% | 59.38% |
Stocks | 2.86% | 0.00% | 8.71% | 12.50% |
Preferred Stocks | 1.30% | 0.00% | 18.60% | 18.75% |
Convertible Bonds | 0.10% | 0.00% | 2.97% | 84.38% |
Other | 0.00% | -70.63% | 6.42% | 43.75% |
Cash | -2.42% | -2.42% | 10.01% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XGBAX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 4.07% | 50.00% |
Technology | 0.00% | 0.00% | 0.00% | 12.50% |
Real Estate | 0.00% | 0.00% | 9.55% | 50.00% |
Industrials | 0.00% | 0.00% | 0.00% | 12.50% |
Healthcare | 0.00% | 0.00% | 11.04% | 50.00% |
Financial Services | 0.00% | 6.20% | 100.00% | 62.50% |
Energy | 0.00% | 0.00% | 56.66% | 50.00% |
Communication Services | 0.00% | 0.00% | 5.70% | 50.00% |
Consumer Defense | 0.00% | 0.00% | 6.77% | 50.00% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 12.50% |
Basic Materials | 0.00% | 0.00% | 0.00% | 12.50% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XGBAX % Rank | |
---|---|---|---|---|
US | 2.78% | 0.00% | 8.71% | 12.50% |
Non US | 0.08% | 0.00% | 0.08% | 3.13% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XGBAX % Rank | |
---|---|---|---|---|
Municipal | 67.26% | 0.00% | 99.04% | 15.63% |
Corporate | 28.70% | 0.41% | 98.94% | 84.38% |
Securitized | 3.59% | 0.00% | 4.69% | 15.63% |
Cash & Equivalents | 0.28% | 0.00% | 10.01% | 84.38% |
Government | 0.18% | 0.00% | 46.64% | 84.38% |
Derivative | 0.00% | 0.00% | 6.42% | 53.13% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XGBAX % Rank | |
---|---|---|---|---|
US | 93.90% | 70.58% | 178.57% | 87.50% |
Non US | 4.26% | 0.00% | 4.26% | 3.13% |
XGBAX - Expenses
Operational Fees
XGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.27% | 0.04% | 4.14% | 31.25% |
Management Fee | 0.60% | 0.03% | 0.65% | 78.13% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.40% | N/A |
Sales Fees
XGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.75% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XGBAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 33.00% | 1.00% | 85.00% | 50.00% |
XGBAX - Distributions
Dividend Yield Analysis
XGBAX | Category Low | Category High | XGBAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.52% | 96.88% |
Dividend Distribution Analysis
XGBAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XGBAX | Category Low | Category High | XGBAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 5.22% | 2.10% | 5.46% | 6.25% |
Capital Gain Distribution Analysis
XGBAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 13, 2019 | $0.126 | OrdinaryDividend |
May 14, 2019 | $0.126 | OrdinaryDividend |
Apr 12, 2019 | $0.126 | OrdinaryDividend |
Mar 14, 2019 | $0.126 | OrdinaryDividend |
Feb 14, 2019 | $0.126 | OrdinaryDividend |
Jan 14, 2019 | $0.126 | OrdinaryDividend |
Dec 13, 2018 | $0.126 | OrdinaryDividend |
Nov 14, 2018 | $0.126 | OrdinaryDividend |
Oct 12, 2018 | $0.126 | OrdinaryDividend |
Sep 13, 2018 | $0.126 | OrdinaryDividend |
Aug 14, 2018 | $0.126 | OrdinaryDividend |
Jul 12, 2018 | $0.126 | OrdinaryDividend |
Jun 14, 2018 | $0.126 | OrdinaryDividend |
May 14, 2018 | $0.126 | OrdinaryDividend |
Apr 12, 2018 | $0.126 | OrdinaryDividend |
Mar 14, 2018 | $0.126 | OrdinaryDividend |
Feb 14, 2018 | $0.126 | OrdinaryDividend |
Jan 11, 2018 | $0.126 | OrdinaryDividend |
Dec 14, 2017 | $0.126 | OrdinaryDividend |
Nov 14, 2017 | $0.126 | OrdinaryDividend |
Oct 12, 2017 | $0.126 | OrdinaryDividend |
Sep 14, 2017 | $0.126 | OrdinaryDividend |
Aug 11, 2017 | $0.126 | OrdinaryDividend |
Jul 12, 2017 | $0.126 | OrdinaryDividend |
Jun 13, 2017 | $0.126 | OrdinaryDividend |
May 11, 2017 | $0.126 | OrdinaryDividend |
Apr 11, 2017 | $0.126 | OrdinaryDividend |
Mar 13, 2017 | $0.126 | OrdinaryDividend |
Feb 13, 2017 | $0.126 | OrdinaryDividend |
Jan 11, 2017 | $0.126 | OrdinaryDividend |
Dec 13, 2016 | $0.126 | OrdinaryDividend |
Nov 10, 2016 | $0.126 | OrdinaryDividend |
Oct 12, 2016 | $0.126 | OrdinaryDividend |
Sep 13, 2016 | $0.126 | OrdinaryDividend |
Aug 11, 2016 | $0.138 | OrdinaryDividend |
Jul 13, 2016 | $0.138 | OrdinaryDividend |
Jun 13, 2016 | $0.138 | OrdinaryDividend |
May 11, 2016 | $0.138 | OrdinaryDividend |
Apr 13, 2016 | $0.138 | OrdinaryDividend |
Mar 11, 2016 | $0.138 | OrdinaryDividend |
Feb 10, 2016 | $0.138 | OrdinaryDividend |
Jan 13, 2016 | $0.138 | OrdinaryDividend |
Dec 11, 2015 | $0.138 | OrdinaryDividend |
Nov 10, 2015 | $0.138 | OrdinaryDividend |
Oct 13, 2015 | $0.138 | OrdinaryDividend |
Sep 11, 2015 | $0.138 | OrdinaryDividend |
Aug 12, 2015 | $0.138 | OrdinaryDividend |
Jul 13, 2015 | $0.138 | OrdinaryDividend |
Jun 11, 2015 | $0.138 | OrdinaryDividend |
May 13, 2015 | $0.138 | OrdinaryDividend |
Apr 13, 2015 | $0.138 | OrdinaryDividend |
Mar 11, 2015 | $0.138 | OrdinaryDividend |
Feb 11, 2015 | $0.138 | OrdinaryDividend |
Jan 13, 2015 | $0.138 | OrdinaryDividend |
Dec 11, 2014 | $0.138 | OrdinaryDividend |
Nov 12, 2014 | $0.138 | OrdinaryDividend |
Oct 10, 2014 | $0.138 | OrdinaryDividend |
Sep 11, 2014 | $0.138 | OrdinaryDividend |
Aug 13, 2014 | $0.138 | OrdinaryDividend |
Jul 11, 2014 | $0.138 | OrdinaryDividend |
Jun 11, 2014 | $0.138 | OrdinaryDividend |
May 13, 2014 | $0.138 | OrdinaryDividend |
Apr 11, 2014 | $0.138 | OrdinaryDividend |
Mar 12, 2014 | $0.138 | OrdinaryDividend |
Feb 12, 2014 | $0.138 | OrdinaryDividend |
Jan 13, 2014 | $0.138 | OrdinaryDividend |
Dec 11, 2013 | $0.138 | OrdinaryDividend |
Nov 13, 2013 | $0.138 | OrdinaryDividend |
Oct 10, 2013 | $0.138 | OrdinaryDividend |
Sep 11, 2013 | $0.138 | OrdinaryDividend |
Aug 13, 2013 | $0.138 | OrdinaryDividend |
Jul 11, 2013 | $0.138 | OrdinaryDividend |
Jun 12, 2013 | $0.138 | OrdinaryDividend |
May 13, 2013 | $0.138 | OrdinaryDividend |
Apr 11, 2013 | $0.138 | OrdinaryDividend |
Mar 19, 2013 | $0.135 | OrdinaryDividend |
Feb 13, 2013 | $0.135 | OrdinaryDividend |
Jan 11, 2013 | $0.135 | OrdinaryDividend |
Dec 12, 2012 | $0.135 | OrdinaryDividend |
Nov 13, 2012 | $0.132 | OrdinaryDividend |
Oct 11, 2012 | $0.132 | OrdinaryDividend |
Sep 12, 2012 | $0.132 | OrdinaryDividend |
Aug 13, 2012 | $0.129 | OrdinaryDividend |
Jul 11, 2012 | $0.129 | OrdinaryDividend |
Jun 13, 2012 | $0.129 | OrdinaryDividend |
May 11, 2012 | $0.129 | OrdinaryDividend |
Apr 11, 2012 | $0.129 | OrdinaryDividend |
Mar 13, 2012 | $0.129 | OrdinaryDividend |
Feb 13, 2012 | $0.129 | OrdinaryDividend |
Jan 11, 2012 | $0.129 | OrdinaryDividend |
Dec 13, 2011 | $0.129 | OrdinaryDividend |
Nov 10, 2011 | $0.129 | OrdinaryDividend |
Oct 12, 2011 | $0.117 | OrdinaryDividend |
Sep 13, 2011 | $0.117 | OrdinaryDividend |
Aug 11, 2011 | $0.117 | OrdinaryDividend |
Jul 13, 2011 | $0.117 | OrdinaryDividend |
Jun 13, 2011 | $0.117 | OrdinaryDividend |
May 11, 2011 | $0.117 | OrdinaryDividend |
Apr 13, 2011 | $0.117 | OrdinaryDividend |
Mar 11, 2011 | $0.117 | OrdinaryDividend |
Feb 11, 2011 | $0.117 | OrdinaryDividend |
Jan 12, 2011 | $0.117 | OrdinaryDividend |
XGBAX - Fund Manager Analysis
Managers
B. Scott Minerd
Start Date
Tenure
Tenure Rank
Oct 26, 2010
11.6
11.6%
B. Scott Minerd, Chairman, Global Chief Investment Officer, Managing Partner and Portfolio Manager of Guggenheim Partners. Mr. Minerd joined Guggenheim Partners (or its affiliate or predecessor) in May 1998. Mr. Minerd leads Guggenheim Partners' research on global macroeconomics and guides the firm’s investment strategies.Previously, Mr. Minerd was a Managing Director with Credit Suisse First Boston in charge of trading and risk management for the Fixed Income Credit Trading Group. In this position, he was responsible for the corporate bond, preferred stock, money markets, U.S. government agency and sovereign debt, derivatives securities, structured debt and interest rate swaps trading business units. Prior to that, Mr. Minerd was Morgan Stanley’s London based European Capital Markets Products Trading and Risk Manager responsible for Eurobonds, Euro-MTNs, domestic European Bonds, FRNs, derivative securities and money market products in 12 European currencies and Asian markets. Mr. Minerd has also held capital markets positions with Merrill Lynch and Continental Bank. Prior to that, he was a Certified Public Accountant and worked for the public accounting firm of Price Waterhouse. Mr. Minerd is a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets, helping advise the NY Fed President and senior management at the bank about the current financial markets and ways the public and private sectors can better understand and mitigate systematic risks. Mr. Minerd also works with the Organization for Economic Cooperation and Development (OECD), advising on research and analysis of private sector infrastructure investment, and is a contributing member of the World Economic Forum (WEF). He is a regularly featured guest and contributor to leading financial media outlets, including The Wall Street Journal, The Financial Times, Bloomberg, and CNBC, where he shares insights on today’s financial climate. Mr. Minerd holds a B.S. degree in Economics from the Wharton School, University of Pennsylvania, Philadelphia, and has completed graduate work at the University of Chicago Graduate School of Business and the Wharton School, University of Pennsylvania.
James Pass
Start Date
Tenure
Tenure Rank
Oct 26, 2010
11.6
11.6%
Mr. Pass joined Guggenheim in 2009 and is responsible for the research, development and implementation of investment strategies for the firm’s municipal obligations, including tax-exempt and taxable bonds, Build America Bonds and tax-credit bonds. He is responsible for building and managing the firm’s military housing and municipal hybrid activities, making the firm a leader in those sectors among institutional investors. Mr. Pass and his Municipal Investment Team successfully grew municipal holdings from less than $1 billion as of December 2008 to over $10.8 billion as of December 2014 and were instrumental in launching multiple funds. Prior to joining Guggenheim, Mr. Pass was a Managing Director at RBC Capital Markets where he headed the firm’s Midwest Region. He earned his B.A. in Diplomatic History and Political Science from the University of Pennsylvania. Due to the breadth of his industry knowledge, Mr. Pass has been featured in multiple publications and spoke to various associations in the industry, including Bloomberg Press, Bloomberg Live, The Bond Buyer, National Federation of Municipal Analysts and National Association of State Treasurers.
Anne Walsh
Start Date
Tenure
Tenure Rank
Oct 26, 2010
11.6
11.6%
Anne B. Walsh, Chief Investment Officer, Fixed Income, Senior Managing Director and Portfolio Manager of Guggenheim Partners. Ms. Walsh joined Guggenheim Partners (or its affiliate or predecessor) in 2007 is also the head of the Portfolio Construction Group and Portfolio Management. She oversees more than $185 billion in fixed-income investments including Agencies, Credit, Municipals, and Structured Securities. She is responsible for portfolio design, strategy, sector allocation and risk management, as well as conveying Guggenheim Partners' macroeconomic outlook to Portfolio Managers and fixed income Sector Specialists. Ms. Walsh specializes in liability-driven portfolio management. Prior to joining Guggenheim Partners, she served as Chief Investment Officer at Reinsurance Group of America, and also held roles at Zurich Scudder Investments, Lincoln Investment Management and American Bankers Insurance Group. She has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute. Ms. Walsh received her BSBA and MBA from Auburn University and her J.D. from the University of Miami School of Law.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.67 | 17.42 | 8.03 | 6.25 |