Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a diversified and closed-end investment fund, which engages in the investment activities for long-term capital appreciation. The company was founded on October 26, 2010 and is headquartered in Chicago, IL.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a diversified and closed-end management investment company, which engages in the investment activities for long-term capital appreciation. The company was founded on June 30, 2010 and is headquartered in Chicago, IL.

I saw some value in GBAB a year ago, but that thesis did not pan out. With 2023 off to a rocky start, I think caution is warranted here. The fund's diversity is a plus, but it brings about risk with high yield exposure. This can amplify the yield but pose challenges if the economy deteriorates.

GBAB: A Year Later, The Fund's Outlook Remains Challenging

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Blackstone/GSO Senior Floating Rate Term Fund

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Angel Oak Financial Strategies Income Term Trust

PGIM Global High Yield Fund

We review closed-end fund market valuation and performance through the third week of December and highlight recent market action. CEFs were mixed this week; however, discounts have continued to widen, extending a recent trend.

CEF Weekly Review: Ignore Yield-On-Cost Outside Of Tax Considerations

The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is not a pure play, as it also owns corporate debt.

GBAB: Adding Corporates To Taxable Municipals Bond Has Mixed Results

Advent Convertible and Income Fund

Guggenheim Strategic Opportunities Fund

Guggenheim Active Allocation Fund

NEW YORK, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces December 2022 Closed-End Fund Distributions

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces November 2022 Closed-End Fund Distributions

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Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Taxable Municipal Bond Trust

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Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

First Trust / Aberdeen Emerging Opportunity Fund

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

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John Hancock Hedged Equity & Income Fund

BlackRock Corporate High Yield Fund

New Ireland Fund Inc

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Madison Fund

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

RiverNorth Opportunities Fund, Inc.

Franklin Templeton Emerging Markets Income Fund

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

NEW YORK, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces September 2022 Closed-End Fund Distributions

Average coupon or interest rate earned on investments of GBAB is 5.46 percent while it pays dividend with an average yield in excess of 7 percent. Historical price performance of GBAB has been extremely poor, both in the short and the long term.

GBAB: Strong Yield Not Supported By Fundamentals

GBAB has been falling steadily, but a bottom could be at hand.

GBAB: Buy Case Starting To Emerge

GBAB traded at a fairly steep premium during my last review, and that made me cautious on the fund. After a sell-off, the fund has a more reasonable valuation, and I continue to find its diversified holding list attractive compared to its peers.

GBAB: Staying Patient Has Paid Off

Invesco Taxable Municipal Bond ETF

Nuveen Build America Bond Fund

The taxable municipal bond market is growing and mature. Taxable munis offer a range of benefits for certain investors, in particular insurance companies.

Taxable Munis Deserve Attention

GBAB holds a lot of debt that I find attractive at the moment, such as taxable muni bonds and floating rate bank loans. Its high yield bond allocation is also reasonable. The fund sits in the middle of the pack in terms of duration risk compared to its peers, but its premium to NAV is a sore point.

GBAB: I Like The Diversity, But The Upside Is Capped

Nuveen Credit Strategies Income Fund

In this report, we discuss what's happening in the CEF world in terms of valuations which are nearing the tightest levels of the last five years. Investors have a choice. They can be buy-and-hold investors and ride the wave, focusing on their income streams.

CEF Report: Party Like It's February 2020

GBAB is a great long-term performer with high-quality characteristics. The fund is up over 8.7% YTD on price and 5.3% on NAV. The fund is increasingly venturing into tax-free munis as a way to supplant the declining taxable muni ("BAB") space.

Guggenheim Taxable Muni: A Quality Fund That Is Slowly Changing

Ault Global Holdings

Gabelli Equity Trust

Most folks think retiring on $527K is a dream—but most folks haven’t heard of high-yield closed end funds (CEFs).

4 High-Yield Closed-End Funds To Buy For Yearly 9.5% Dividends

Cohen & Steers Closed-End Opportunity Fund

Nuveen Mortgage Opportunity Term Fund

Invesco CEF Income Composite ETF

YieldShares High Income ETF

Optimized CEF Portfolios Outperform In The Drawdown

We look at funds and provide commentary on CEFs that have held up the best since this debacle began four weeks ago.

News for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ETF (GBAB)