Guggenheim Taxable Municipal Managed Duration Trust (GBAB) - Net Assets
Based on the latest financial reports, Guggenheim Taxable Municipal Managed Duration Trust (GBAB) has net assets worth $401.87 Million USD as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($577.58 Million) and total liabilities ($175.71 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GBAB strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $401.87 Million |
| % of Total Assets | 69.58% |
| Annual Growth Rate | -0.1% |
| 5-Year Change | 0.19% |
| 10-Year Change | -0.96% |
| Growth Volatility | 7.5 |
Guggenheim Taxable Municipal Managed Duration Trust - Net Assets Trend (2016–2026)
This chart illustrates how Guggenheim Taxable Municipal Managed Duration Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Guggenheim Taxable Municipal Managed Dur worth.
Annual Net Assets for Guggenheim Taxable Municipal Managed Duration Trust (2016–2026)
The table below shows the annual net assets of Guggenheim Taxable Municipal Managed Duration Trust from 2016 to 2026. Also explore how fast is Guggenheim Taxable Municipal Managed Dur growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-05-31 | $401.87 Million | +0.39% |
| 2025-05-31 | $400.31 Million | +4.58% |
| 2024-05-31 | $382.78 Million | +4.02% |
| 2023-05-31 | $367.97 Million | -8.27% |
| 2022-05-31 | $401.12 Million | -15.14% |
| 2021-05-31 | $472.69 Million | +14.13% |
| 2020-05-31 | $414.17 Million | +4.66% |
| 2019-05-31 | $395.72 Million | +0.13% |
| 2018-05-31 | $395.22 Million | -2.60% |
| 2017-05-31 | $405.78 Million | -0.01% |
| 2016-05-31 | $405.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guggenheim Taxable Municipal Managed Duration Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 180.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $277.00K | 0.07% |
| Other Components | $461.91 Million | 114.94% |
| Total Equity | $401.87 Million | 100.00% |
Guggenheim Taxable Municipal Managed Duration Trust Competitors by Market Cap
The table below lists competitors of Guggenheim Taxable Municipal Managed Duration Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FMS Enterprises Migun Ltd
TA:FBRT
|
$358.92 Million |
|
Revenio Group Corporation
HE:REG1V
|
$358.98 Million |
|
Centuria Office REIT
AU:COF
|
$359.26 Million |
|
Altshuler Shaham Financial LTD
TA:ALTF
|
$359.39 Million |
|
Jiayuan Science and Technology Co.Ltd.
SHE:301117
|
$358.56 Million |
|
WEIHAI CITY COMM.BK H 1
F:8K0
|
$358.56 Million |
|
Ser Educacional Sa
SA:SEER3
|
$358.52 Million |
|
CPH Chemie und Papier Holding
SW:CPHN
|
$358.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guggenheim Taxable Municipal Managed Duration Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 400,308,597 to 401,873,842, a change of 1,565,245 (0.4%).
- Net income of 31,867,919 contributed positively to equity growth.
- Dividend payments of 39,516,004 reduced retained earnings.
- Other factors increased equity by 9,213,330.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.87 Million | +7.93% |
| Dividends Paid | $39.52 Million | -9.83% |
| Other Changes | $9.21 Million | +2.29% |
| Total Change | $- | 0.39% |
Book Value vs Market Value Analysis
This analysis compares Guggenheim Taxable Municipal Managed Duration Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.51x to 0.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-05-31 | $25.21 | $12.96 | x |
| 2017-05-31 | $26.28 | $12.96 | x |
| 2018-05-31 | $22.63 | $12.96 | x |
| 2019-05-31 | $22.71 | $12.96 | x |
| 2020-05-31 | $22.09 | $12.96 | x |
| 2021-05-31 | $22.80 | $12.96 | x |
| 2022-05-31 | $18.35 | $12.96 | x |
| 2023-05-31 | $16.01 | $12.96 | x |
| 2024-05-31 | $16.47 | $12.96 | x |
| 2025-05-31 | $17.03 | $12.96 | x |
| 2026-05-31 | $14.88 | $12.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guggenheim Taxable Municipal Managed Duration Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 109.84%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.44x
- Recent ROE (7.93%) is above the historical average (3.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.28% | 96.35% | 0.05x | 1.38x | $-11.04 Million |
| 2017 | 7.17% | 80.73% | 0.07x | 1.29x | $-11.50 Million |
| 2018 | 3.98% | 94.54% | 0.03x | 1.24x | $-23.80 Million |
| 2019 | 6.73% | 96.87% | 0.05x | 1.27x | $-12.95 Million |
| 2020 | 3.51% | 94.93% | 0.03x | 1.23x | $-26.89 Million |
| 2021 | 8.77% | 97.53% | 0.06x | 1.60x | $-5.84 Million |
| 2022 | -16.37% | 0.00% | -0.11x | 1.42x | $-105.79 Million |
| 2023 | -5.00% | 0.00% | -0.03x | 1.35x | $-55.19 Million |
| 2024 | 5.65% | 95.96% | 0.04x | 1.33x | $-16.67 Million |
| 2025 | 5.40% | 74.67% | 0.05x | 1.38x | $-18.40 Million |
| 2026 | 7.93% | 109.84% | 0.05x | 1.44x | $-8.32 Million |
Industry Comparison
This section compares Guggenheim Taxable Municipal Managed Duration Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $470,355,793
- Average return on equity (ROE) among peers: -2765.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guggenheim Taxable Municipal Managed Duration Trust (GBAB) | $401.87 Million | 7.28% | 0.44x | $358.77 Million |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.26 Billion | 17.77% | 0.01x | $3.29 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $112.30 Million | -188.33% | 0.07x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $78.90 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $10.54 Million | -122.10% | 1.07x | $194.14 Million |
| Alpha Compute Corp (ALP) | $3.06K | -27347.58% | 41.39x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $323.79 Million |
| Amber International Holding Limited (AMBR) | $41.25 Million | -93.79% | 2.97x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $655.56 Million | 9.23% | 1.32x | $9.52 Billion |
About Guggenheim Taxable Municipal Managed Duration Trust
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of taxable municipal se… Read more