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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Guggenheim Taxable Municipal Managed Duration Trust (GBAB)

National Muni Bond Funds - Taxable Municipal Bond Funds

Data as of Dec. 14, 2018
Market Price $21.57 (+ $0.06)
NAV (Dec. 14, 2018) $22.08 (+ $0.02)
Premium / Discount -2.31% (+0.18%)
Fund Info
Inception Oct. 27, 2010
Sponsor Guggenheim Funds Investment Advisors
Website https://www.guggenheim...
Phone 800-345-7999
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
Total Assets (Reported: May 31, 2018) $491M
Estimated Total Assets $425M
Net Assets $385M
Market Cap $376M
Purchases Turnover 7.77%
Sales Turnover 9.07%
Total Leverage 17.53%
Structural Leverage (out of total) 54.19%
Portfolio Leverage (out of total) 45.81%
Expense Ratio 1.65%
Non Lev Exp Ratio 0.99%
Rel Lev Cost 3.03%
Discount Data
Average Discount (3 Yr) -3.55%
Discount Low(3 Yr) -11.72%
Discount High(3 Yr) 6.16%
Discount Rel Range 52.62%
Comp Discount 3.05
Discount St Dev (1Yr) 1.80
Z-Stat (6mo) 1.12
Z-Stat (1Yr) 1.44
Z-Stat (3Yr) 0.50
Comp Z-Stat (6mo) 1.00
Comp Z-Stat (3Yr) 1.41
Distribution Data
Market Yield 6.99%
Income Yield 6.99%
Lev Adj NAV Yield 5.81%
Distribution Frequency M
Current Distribution $0.126
Current Income $0.126
Ex-Date 12/13/18
Payable Date 12/31/18
Div Growth (3yr) -9.00%
Dividend Change -9.0% on 9/1/16
Expected Div 1/2/19
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) $1,179
Avg Volume 30 day 81,082
Avg Volume 90 day 54,654
Volume Trend 48.36%
Comp Volume Trend 16.64%
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 National Municipal Bond Index
Most Correlated Peer (Mk Pr): BBN 68.0%
NAV - Price Correlation (30 d) 77.4%
NAV - Price Correlation (90 d) 81.4%
NAV - Price Correlation (1 Yr) 75.1%
Price St Dev (1Yr) 11.0%
NAV St Dev (1Yr) 3.7%
Earnings / Share (5/31/18) $0.119
Earn Coverage 94.97%
Earnings Trend Down
UNII / Share (5/31/18) $0.316
Rel UNII 20.92
UNII Trend Up
Bond Specific Data
Maturity 16.15
Duration 5.03
Credit Rating (rbo) A
Investment Grade 94.23%
Non Investment Grade 5.31%
Unrated Bonds 0.46%
Average Bond Price 88.92
Discount vs Price -13.39
Coupon 6.86%
Zero Coupon 0.00%
AMT 0.00%
AMT Yield 6.99%
Bond Calls Risk None%
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 National Municipal 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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