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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Gghm Taxable Muni Mgd Dur (GBAB)

National Muni Bond Funds - Taxable Municipal Bond Funds

Data as of April 20, 2018
Current
Market Price $21.24 (- $0.17)
NAV (April 20, 2018) $22.59 (- $0.04)
Premium / Discount -5.98% (-0.59%)
Fund Info
Inception Oct. 27, 2010
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 800-345-7999
NAV Symbol XGBAX
Objective: Current income through investing primarily in a diversified portfolio of taxable municipal securities known as “Build America Bonds”.
Related Indexes
Investment Grade Bond Index
Capital & Leverage
Outstanding Shares 17,416,307
Gross Assets (Reported: Nov. 30, 2017) $514M
Estimated Gross Assets $433M
Net Assets $393M
Market Cap $370M
Purchases Turnover 5.57%
Sales Turnover 5.34%
Total Leverage 21.99%
Structural Leverage (out of total) 9.10%
Portfolio Leverage (out of total) 12.89%
Expense Ratio 1.60%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 2.16%
Discount Data
Average Discount (3 Yr) -3.91%
Discount Low(3 Yr) -11.72%
Discount High(3 Yr) 6.16%
Discount Rel Range 32.11%
Comp Discount -0.35
Discount St Dev (1Yr) 1.82
Z-Stat
Z-Stat (6mo) -0.80
Z-Stat (1Yr) -1.45
Z-Stat (3Yr) -0.73
Comp Z-Stat (6mo) 0.42
Comp Z-Stat (3Yr) -0.31
Distribution Data
Market Yield 7.10%
Income Yield 7.10%
Lev Adj NAV Yield 5.47%
Distribution Frequency M
Current Distribution $0.126
Current Income $0.126
Ex-Date 4/12/18
Payable Date 4/30/18
Div Growth (3yr) -9.00%
Dividend Change -9.0% on 9/1/16
Expected Div 5/1/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 89.6% 96.1%
ST Gains 0% 0%
QDI 0% 0.1%
LT Gains 10.4% 3.9%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $893
Avg Volume 30 day 33,188
Avg Volume 90 day 42,023
Volume Trend -21.02%
Comp Volume Trend -2.40%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
17.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
30.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
46.0%
Most Correlated Peer (Mk Pr): BBN 65.0%
NAV - Price Correlation (30 d) 78.7%
NAV - Price Correlation (90 d) 71.2%
NAV - Price Correlation (1 Yr) 88.4%
Price St Dev (1Yr) 8.1%
NAV St Dev (1Yr) 3.7%
Earnings
Earnings / Share (11/30/17) $0.128
Earn Coverage 101.81%
Earnings Trend Down
UNII / Share (11/30/17) $0.099
Rel UNII 6.59
UNII Trend Up
Bond Specific Data
Maturity 16.43
Duration 5.34
Credit Rating (rbo) A
Investment Grade 92.20%
Non Investment Grade 7.32%
Unrated Bonds 0.49%
Average Bond Price 87.24
Discount vs Price -18.74
Coupon 12.84%
Zero Coupon 0.00%
AMT 0.00%
AMT Yield 7.10%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.02
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.13
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.49

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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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