CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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AC Convt Sec & Incm Fd II (AGC)

Taxable Bond Funds - Convertible Funds

Data as of Aug. 17, 2018
Market Price $5.61 (+ $0.02)
NAV (Aug. 17, 2018) $6.28 (+ $0.01)
Premium / Discount -10.67% (+0.18%)
Fund Info
Inception May 29, 2007
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 800.345.7999
Objective: Capital appreciation and current income
Related Indexes
High Income Index
Convertible Bond Index
Capital & Leverage
Outstanding Shares 27,367,344
Gross Assets (Reported: April 30, 2018) $304M
Estimated Gross Assets $224M
Net Assets $172M
Market Cap $154M
Purchases Turnover 109.74%
Sales Turnover 127.21%
Total Leverage 41.80%
Structural Leverage (out of total) 55.74%
Portfolio Leverage (out of total) 44.26%
Expense Ratio 4.36%
Non Lev Exp Ratio 2.16%
Rel Lev Cost 2.99%
Discount Data
Average Discount (3 Yr) -11.88%
Discount Low(3 Yr) -19.80%
Discount High(3 Yr) -4.71%
Discount Rel Range 60.53%
Comp Discount -12.97
Discount St Dev (1Yr) 1.55
Z-Stat (6mo) 0.81
Z-Stat (1Yr) -0.38
Z-Stat (3Yr) 0.33
Comp Z-Stat (6mo) -0.83
Comp Z-Stat (3Yr) -1.27
Distribution Data
Market Yield 10.05%
Income Yield 3.00%
Lev Adj NAV Yield 6.33%
Distribution Frequency M
Current Distribution $0.047
Current Income $0.014
Ex-Date 8/14/18
Payable Date 8/23/18
Div Growth (3yr) 0.00%
Dividend Change -29.2% on 2/1/12
Expected Div 9/4/18
RoC (1yr) 51.67%
RoC (3yr) 55.82%
Tax Dividend Data 2017 2015 - 2017
Income 39.3% 46.7%
ST Gains 0% 0%
QDI 10.9% 10.2%
LT Gains 0% 0%
RoC 60.7% 53.3%
Volume & Liquidity
Average Daily $ (M) $749
Avg Volume 30 day 144,095
Avg Volume 90 day 133,427
Volume Trend 8.00%
Comp Volume Trend 11.82%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
Most Correlated Peer (Mk Pr): AVK 90.0%
NAV - Price Correlation (30 d) 53.3%
NAV - Price Correlation (90 d) 84.8%
NAV - Price Correlation (1 Yr) 93.7%
Price St Dev (1Yr) 10.8%
NAV St Dev (1Yr) 8.0%
Earnings / Share (4/30/18) $0.013
Earn Coverage 28.30%
Earnings Trend Down
UNII / Share (4/30/18) $-0.298
Rel UNII -177.31
UNII Trend Down
Bond Specific Data
Maturity 5.47
Credit Rating (rbo) BB
Investment Grade 9.58%
Non Investment Grade 57.62%
Unrated Bonds 32.80%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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