GBAB

Guggenheim Taxable Municipal Managed Duration Trust

As of 7/10/20
Closing Market Price $23.53
Closing NAV $22.67
Premium/(Discount) 3.79%
Current Distribution Rate1, 26.41%
Fund Resources
Fact Card

Portfolio


Duration

Weighted Average Duration (years) 7.65

Portfolio Characterstics

YTM 3.17

Asset Class Breakdown

BAB/QSCB/Taxable 74.02%
Muni Other 7.76%
BAB Closed End Funds 6.97%
High Yield Corporate Bonds 4.52%
Investment Grade Corporate Bonds 2.90%
Bank Loans 2.43%
Asset-Backed Securities 0.90%
Non-Agency Mortgage-Backed Securities 0.36%
Military Housing Bonds 0.12%
Equity 0.01%

Top 10 Holdings

BLACKROCK TAXABLE MUNICIPAL BOND TRUST 0.00 01/00/1900 4.92%
WEST VIRGINIA SCH BLDG AUTH 7.65 04/01/2040 3.35%
NEW JERSEY ST TURNPIKE AUTHORITY 7.10 01/01/2041 3.22%
WESTCHESTER MEDICAL CENTER 8.57 11/01/2040 3.08%
PHILADELPHIA PA SCH DIST 6.00 09/01/2030 2.75%
OKLAHOMA ST DEV FIN AUTH 5.45 08/15/2028 2.64%
DALLAS TEX CONVENTION CTR HOTEL DEV CORP 7.09 01/01/2042 2.59%
SANTA ANA CALIF UNI SCH DIST 7.10 08/01/2040 2.45%
OAKLAND CALIF UNI SCH DIST 6.88 08/01/2033 2.32%
LOS ANGELES CALIF DEPARTMENT OF WATER & POWER 7.00 07/01/2041 2.22%

Sector Concentration

School 19.14%
University 14.88%
Other 13.62%
State 8.85%
Hospital 7.92%
Transportation 7.26%
District - Special 6.34%
High Yield Corporate Bonds 4.52%
Water & Sewer 3.82%
Power 3.71%
Investment Grade Corporate Bonds 2.90%
Bank Loans 2.43%
General Purpose 1.92%
Asset-Backed Securities 0.90%
Housing 0.65%
City 0.56%
Non-Agency Mortgage-Backed Securities 0.36%
Military Housing Bonds 0.12%
County 0.05%
Recreational 0.02%
Other Equity 0.01%

State Concentration

CALIFORNIA 13.75%
WASHINGTON 9.06%
PENNSYLVANIA 5.29%
TEXAS 5.23%
INDIANA 5.11%
MICHIGAN 4.32%
ILLINOIS 4.20%
NEW YORK 4.03%
WEST VIRGINIA 3.70%
OKLAHOMA 2.96%
OTHER 42.36%

Municipal Bond Type

Revenue 52.33%
General Obligation 21.61%
Other 17.65%
Limited General Obligation 4.55%
Certificate of Participation 3.85%

Credit Quality

AAA 0.57%
AA 45.69%
A 21.19%
BBB 10.77%
BB 5.74%
B 1.56%
CCC 0.25%
Not Rated 14.23%

Source: BlackRock Solutions and Bloomberg Barclays. The fund credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). All securities except for those labeled “Not Rated” or “FX Forward” have been rated by a Nationally Recognized Statistical Rating Organization (“NRSRO”). For purposes of this presentation, when ratings are available from more than one agency, the highest rating is used. Guggenheim Investments converts ratings to the equivalent S&P rating.

All data is subject to change on a daily basis.






Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC ("Guggenheim"). Guggenheim Funds Distributors, LLC is an affiliate of Guggenheim.

© 2020 Guggenheim Investments. All Rights Reserved.

Research our firm with FINRA Broker Check.

• Not FDIC Insured • No Bank Guarantee • May Lose Value

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.