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 Oct. 13, 2017
Current
Market Price $22.61 (- $0.04)
NAV (Oct. 13, 2017) $23.32 (+ $0.07)
Premium / Discount -3.04% (-0.46%)
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 $521M
Net Assets $406M
Market Cap $394M
Purchases Turnover 5.96%
Sales Turnover 8.07%
Total Leverage 22.02%
Structural Leverage (out of total) 9.08%
Portfolio Leverage (out of total) 12.94%
Expense Ratio 1.54%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 1.91%
Discount Data
Average Discount (3 Yr) -4.24%
Discount Low(3 Yr) -11.72%
Discount High(3 Yr) 6.16%
Discount Rel Range 48.51%
Comp Discount -0.80
Discount St Dev (1Yr) 2.37
Z-Stat
Z-Stat (6mo) -1.53
Z-Stat (1Yr) 0.33
Z-Stat (3Yr) 0.39
Comp Z-Stat (6mo) -1.69
Comp Z-Stat (3Yr) -0.59
Distribution Data
Market Yield 6.67%
Income Yield 6.67%
Lev Adj NAV Yield 5.30%
Distribution Frequency M
Current Distribution $0.126
Current Income $0.126
Ex-Date 10/12/17
Payable Date 10/31/17
Div Growth (3yr) -9.00%
Dividend Change -9.0% on 9/1/16
Expected Div 11/1/17
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $764
Avg Volume 30 day 37,585
Avg Volume 90 day 33,803
Volume Trend 11.19%
Comp Volume Trend -0.61%
Correlation & Volatility
Correlation (30 d) 89.9%
Correlation (90 d) 73.6%
Correlation (1 Yr) 64.9%
Price St Dev (1Yr) 9.6%
NAV St Dev (1Yr) 4.1%
Earnings
Earnings / Share (5/31/17) $0.128
Earn Coverage 101.57%
Earnings Trend Up
UNII / Share (5/31/17) $0.086
Rel UNII 5.69
UNII Trend Up
Bond Specific Data
Maturity 16.97
Duration 6.82
Credit Rating (rbo) A
Investment Grade 92.31%
Non Investment Grade 7.03%
Unrated Bonds 0.66%
Average Bond Price 87.97
Discount vs Price -15.07
Coupon 6.16%
Zero Coupon 0.09%
AMT 0.00%
AMT Yield 6.67%
Bond Calls Risk None%
Performance
NAV Beta (2yr)
vs. iShares 20+ Year Treasury Bond

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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