Guggenheim Municipal Income Fund (GIJAX)
The investment seeks to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation. The fund normally invests at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in a diversified portfolio of municipal securities whose interest is free from federal income tax.
Fund Info
US40168W5748
Apr 27, 2004
$2,500
Expense Ratio
GIJAX has an expense ratio of 0.79%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Guggenheim Municipal Income Fund (GIJAX) returned -1.13% year-to-date (YTD) and 2.98% over the past 12 months. Over the past 10 years, GIJAX returned 1.20% annually, underperforming the S&P 500 benchmark at 10.85%.
GIJAX
-1.13%
0.10%
-1.74%
2.98%
0.78%
-0.55%
1.20%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of GIJAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.35% | 1.13% | -1.80% | -0.34% | -0.45% | -1.13% | |||||||
| 2024 | 0.20% | 0.30% | -0.15% | -1.33% | -0.14% | 1.79% | 1.09% | 0.53% | 1.36% | -1.74% | 2.18% | -1.27% | 2.76% |
| 2023 | 3.34% | -3.18% | 2.42% | -0.35% | -1.13% | 0.88% | 0.46% | -1.74% | -3.45% | -1.50% | 7.40% | 1.31% | 4.04% |
| 2022 | -3.90% | -1.04% | -4.48% | -3.30% | 2.37% | -3.20% | 3.71% | -3.36% | -5.19% | -0.80% | 6.11% | -0.49% | -13.35% |
| 2021 | 0.59% | -1.85% | 1.36% | 1.05% | 0.50% | 0.06% | 0.87% | -0.38% | -1.11% | -0.62% | 1.10% | 0.26% | 1.81% |
| 2020 | 1.77% | 1.13% | -3.48% | -2.22% | 3.82% | 0.38% | 2.14% | -0.75% | -0.08% | -0.38% | 2.12% | 0.84% | 5.19% |
| 2019 | 0.76% | 0.58% | 1.33% | 0.44% | 1.30% | 0.40% | 0.48% | 1.55% | -0.97% | -0.28% | 0.02% | 0.10% | 5.85% |
| 2018 | -1.15% | -0.46% | 0.45% | -0.37% | 1.09% | 0.05% | 0.20% | 0.15% | -0.61% | -0.67% | 1.12% | 1.07% | 0.84% |
| 2017 | 0.18% | 0.58% | 0.36% | 0.81% | 1.55% | -0.28% | 0.74% | 0.97% | -0.43% | 0.42% | -0.28% | 1.00% | 5.76% |
| 2016 | 0.78% | -0.24% | 0.57% | 0.49% | 0.25% | 1.42% | -0.01% | 0.24% | -0.53% | -0.70% | -3.61% | 0.86% | -0.57% |
| 2015 | 1.84% | -0.95% | 0.33% | -0.38% | -0.52% | -0.90% | 0.71% | -0.13% | 0.77% | 0.38% | 0.67% | 0.75% | 2.56% |
| 2014 | 2.35% | 1.14% | 0.51% | 1.01% | 1.58% | 0.22% | 0.17% | 2.05% | 1.12% | 0.94% | 0.02% | 0.67% | 12.42% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GIJAX is 33, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guggenheim Municipal Income Fund (GIJAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Guggenheim Municipal Income Fund provided a 3.18% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.39 | $0.29 | $0.38 | $0.28 | $0.27 | $0.29 | $0.34 | $0.28 | $0.25 | $0.29 | $0.34 |
Dividend yield | 3.18% | 3.42% | 2.52% | 3.36% | 2.11% | 2.01% | 2.21% | 2.73% | 2.22% | 2.05% | 2.27% | 2.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Guggenheim Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.39 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.17 | $0.38 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.28 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.27 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.06 | $0.34 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.29 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Guggenheim Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Guggenheim Municipal Income Fund was 19.28%, occurring on Oct 27, 2022. The portfolio has not yet recovered.
The current Guggenheim Municipal Income Fund drawdown is 9.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.28% | Jul 14, 2021 | 327 | Oct 27, 2022 | — | — | — |
| -12.36% | Mar 10, 2020 | 9 | Mar 20, 2020 | 94 | Aug 4, 2020 | 103 |
| -11.2% | Dec 3, 2012 | 191 | Sep 5, 2013 | 244 | Aug 25, 2014 | 435 |
| -5.25% | Jul 7, 2016 | 104 | Dec 1, 2016 | 168 | Aug 3, 2017 | 272 |
| -3.42% | Jan 25, 2021 | 23 | Feb 25, 2021 | 72 | Jun 9, 2021 | 95 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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