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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Western Asset Municipal Defined Opportunity Trust (MTT)

National Muni Bond Funds - National Municipal (tax-free) Bond

Data as of June 24, 2019
Current
Market Price $21.86 (+ $0.04)
NAV (June 24, 2019) $21.04 (+ $0.01)
Premium / Discount 3.90% (+0.14%)
Fund Info
Inception March 27, 2009
Sponsor Legg Mason Partners Fund Advisors
Website https://www.leggmason....
Phone 1-888-777-0102
NAV Symbol XMTTX
Objective: High current income exempt from federal income tax and then to liquidate in April 2021; investment-grade municipal securities
Related Indexes
Term Municipal Fund Index
Capital & Leverage
Outstanding Shares 12,182,763
Total Assets (Reported: Nov. 30, 2018) $255M
Estimated Total Assets $256M
Net Assets $256M
Market Cap $266M
Purchases Turnover 10.84%
Sales Turnover 10.08%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.71%
Non Lev Exp Ratio 0.71%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) 3.32%
Discount Low(3 Yr) -5.10%
Discount High(3 Yr) 13.43%
Discount Rel Range 48.55%
Comp Discount 8.67
Discount St Dev (1Yr) 2.04
Z-Stat
Z-Stat (6mo) 1.38
Z-Stat (1Yr) 1.59
Z-Stat (3Yr) 0.18
Comp Z-Stat (6mo) 0.57
Comp Z-Stat (3Yr) 0.07
Distribution Data
Market Yield 4.34%
Income Yield 4.34%
Lev Adj NAV Yield 4.51%
Distribution Frequency M
Current Distribution $0.079
Current Income $0.079
Ex-Date 6/20/19
Payable Date 7/1/19
Div Growth (3yr) -5.95%
Dividend Change -6.0% on 5/14/18
Expected Div 8/20/19
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2018 2016 - 2018
Income 2.0% 3.6%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 6.8% 2.3%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $467
Avg Volume 30 day 20,994
Avg Volume 90 day 21,364
Volume Trend -1.73%
Comp Volume Trend 4.99%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
28.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
47.0%
Price Correlation (1yr)
vs. CEFA's National Municipal Bond Index
43.0%
Most Correlated Peer (Mk Pr): NZF 54.0%
NAV - Price Correlation (30 d) -43.2%
NAV - Price Correlation (90 d) 88.3%
NAV - Price Correlation (1 Yr) 90.9%
Price St Dev (1Yr) 9.0%
NAV St Dev (1Yr) 1.9%
Earnings
Earnings / Share (4/30/19) $0.072
Earn Coverage 90.76%
Earnings Trend Down
UNII / Share (4/30/19) $0.117
Rel UNII 12.33
UNII Trend Down
Bond Specific Data
Maturity 7.40
Duration 5.90
Credit Rating (rbo) A
Investment Grade 91.60%
Non Investment Grade 2.50%
Unrated Bonds 5.80%
Average Bond Price 91.52
Discount vs Price -4.58
Coupon 5.20%
Zero Coupon 3.94%
AMT 13.30%
AMT Yield 4.18%
Bond Calls Risk 21.80%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
-0.01
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.01
NAV Beta (2yr)
vs. CEFA's National Municipal Bond Index
0.45

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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.

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