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 Oct. 15, 2019
Market Price $24.60 (- $0.04)
NAV (Oct. 15, 2019) $22.69 (- $0.09)
Premium / Discount 8.42% (+0.25%)
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 17,427,728
Total Assets (Reported: May 31, 2019) $501M
Estimated Total Assets $431M
Net Assets $395M
Market Cap $429M
Purchases Turnover 7.77%
Sales Turnover 9.07%
Total Leverage 25.86%
Structural Leverage (out of total) 31.98%
Portfolio Leverage (out of total) 68.02%
Expense Ratio 1.68%
Non Lev Exp Ratio 0.95%
Rel Lev Cost 2.23%
Discount Data
Average Discount (3 Yr) -2.18%
Discount Low(3 Yr) -11.72%
Discount High(3 Yr) 10.33%
Discount Rel Range 91.33%
Comp Discount 7.03
Discount St Dev (1Yr) 4.57
Z-Stat (6mo) 1.77
Z-Stat (1Yr) 1.47
Z-Stat (3Yr) 2.56
Comp Z-Stat (6mo) 1.30
Comp Z-Stat (3Yr) 1.03
Distribution Data
Market Yield 6.13%
Income Yield 6.13%
Lev Adj NAV Yield 5.28%
Distribution Frequency M
Current Distribution $0.126
Current Income $0.126
Ex-Date 10/11/19
Payable Date 10/31/19
Div Growth (3yr) 0.00%
Dividend Change -9.0% on 9/1/16
Expected Div 11/1/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 94.9% 94.8%
ST Gains 1.3% 0.4%
QDI 0% 0.1%
LT Gains 3.8% 4.7%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $1,365
Avg Volume 30 day 53,271
Avg Volume 90 day 55,503
Volume Trend -4.02%
Comp Volume Trend 3.85%
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 62.0%
NAV - Price Correlation (30 d) 38.2%
NAV - Price Correlation (90 d) 74.5%
NAV - Price Correlation (1 Yr) 89.4%
Price St Dev (1Yr) 12.3%
NAV St Dev (1Yr) 4.5%
Earnings / Share (5/31/19) $0.108
Earn Coverage 85.66%
Earnings Trend Down
UNII / Share (5/31/19) $0.232
Rel UNII 15.39
UNII Trend Down
Bond Specific Data
Maturity 14.46
Duration 6.98
Credit Rating (rbo) A
Investment Grade 89.21%
Non Investment Grade 6.98%
Unrated Bonds 3.81%
Average Bond Price 87.74
Discount vs Price -3.84
Coupon 6.81%
Zero Coupon 0.00%
AMT 0.00%
AMT Yield 6.13%
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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