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Morningstar

Guggenheim Municipal Income P GIJPX

Morningstar Medalist Rating
Medalist Rating as of | See Guggenheim Investment Hub
  • NAV / 1-Day Return 11.14  /  +0.03 %
  • Total Assets 21.1 Mil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.940%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.83%
  • Effective Duration 6.51 years

USD | NAV as of May 31, 2024 | 1-Day Return as of May 31, 2024, 10:14 PM GMT+0

Morningstar’s Analysis GIJPX

Will GIJPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GIJPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the GIJPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of GIJPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Guggenheim Municipal Income P earns a Morningstar Medalist Rating of Negative with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings GIJPX

More GIJPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MICHIGAN TECHNOLOGICAL UNIV REVS 5.25%

4.42 1.1 Mil
municipal

MAINE HEALTH & HIGHER EDL FACS AUTH REV 5.25%

4.40 1.1 Mil
municipal

FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD 3.15%

4.38 1.1 Mil
municipal

NEBRASKA INVT FIN AUTH SINGLE FAMILY HSG REV 4.95%

4.37 1.1 Mil
municipal

PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 4.95%

4.36 1.1 Mil
municipal

U.S. Secured Overnight Financing Rate

3.97 980,752
Cash and Equivalents

METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN HEALTH & EDL FACS BRD MULT

3.84 948,933
municipal

Dreyfus Tx-Ex Cash Mgmt Instl

3.78 932,926
Corporate

WESTCHESTER CNTY N Y LOC DEV CORP REV 5.75%

3.49 861,547
municipal

NEW MEXICO FIN AUTH REV 5.25%

3.38 835,732
municipal