In plain terms — Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
Shares currently cost about 12.3% less than the value of the assets behind them (a discount).
It pays regular distributions worth about 12.2% a year of the share price (10.7% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.14 of assets — a ReinvestCapture™ rate of 13.9%, more than the payout rate itself. That is buying power, not a return.
Annual costs are 2.56% of assets, and the fund borrows: about 28% of what it holds is financed with leverage, which magnifies both gains and losses.
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | — | — | — | 0 |
| 6 months | — | — | — | 0 |
| 1 year | — | — | — | 0 |
| 3 years | — | — | — | — |
| 5 years | — | — | — | — |
Current contemporaneous premium/discount — (close Oct 14, 2026 vs NAV Aug 10, 2026). 1-year range — to —. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -7.11% | -12.41% | -16.76% | -19.56% | -6.59% | -12.41% |
| Market price total return | -6.22% | -9.99% | -9.96% | -10.83% | +2.70% | -4.06% |
| NAV return | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed-end mutual fund focusing on fixed-income investments, originally launched by Guggenheim Partners, LLC. Its operations are jointly managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. The trust allocates capital within the United States' fixed income markets, primarily building a diversified portfolio composed of taxable municipal securities, particularly those designated as Build America Bonds. Established on October 26, 2010, this U.S.-domiciled entity was formerly known as Guggenheim Taxable Municipal Managed Duration Trust.
CEF Explorer research page for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.