Managed Duration InvGrade Muni
XMZFX
Price as of:
N/A
N/A
N/A
Primary Theme
N/A
fund company
N/A
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
0.3%
3 Yr Avg Return
3.3%
5 Yr Avg Return
6.7%
Net Assets
$98.1 M
Holdings in Top 10
18.8%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.41%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
XMZFX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 6.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 5.31%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameManaged Duration Investment Grade Municipal Fund
-
Fund Family NameGuggenheim Investments Asset Management
-
Inception DateAug 27, 2003
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyN/A
-
Domiciled CountryUnited States
-
ManagerJames DiChiaro
Fund Description
XMZFX - Performance
Return Ranking - Trailing
| Period | XMZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -50.0% | 270.1% | N/A |
| 1 Yr | 0.3% | -64.0% | 270.1% | N/A |
| 3 Yr | 3.3%* | -41.4% | 115.6% | N/A |
| 5 Yr | 6.7%* | -30.7% | 58.6% | N/A |
| 10 Yr | 6.7%* | -8.4% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | XMZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -67.1% | 73.0% | N/A |
| 2022 | N/A | -76.0% | 74.8% | N/A |
| 2021 | N/A | -58.1% | 900.0% | N/A |
| 2020 | N/A | -51.1% | 336.8% | N/A |
| 2019 | N/A | -60.1% | 304.1% | N/A |
Total Return Ranking - Trailing
| Period | XMZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -50.0% | 270.1% | N/A |
| 1 Yr | 0.3% | -64.0% | 270.1% | N/A |
| 3 Yr | 3.3%* | -30.7% | 115.6% | N/A |
| 5 Yr | 6.7%* | -30.7% | 58.6% | N/A |
| 10 Yr | 6.7%* | -8.4% | 26.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XMZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -67.1% | 76.6% | N/A |
| 2022 | N/A | -30.7% | 76.8% | N/A |
| 2021 | N/A | -58.1% | 900.0% | N/A |
| 2020 | N/A | -51.1% | 341.1% | N/A |
| 2019 | N/A | -60.1% | 304.1% | N/A |
XMZFX - Holdings
Concentration Analysis
| XMZFX | Category Low | Category High | XMZFX % Rank | |
|---|---|---|---|---|
| Net Assets | 98.1 M | 0 | 814 B | N/A |
| Number of Holdings | 48 | 1 | 17358 | N/A |
| Net Assets in Top 10 | 28.2 M | -28.8 B | 134 B | N/A |
| Weighting of Top 10 | 18.80% | 0.0% | 20474.3% | N/A |
Top 10 Holdings
- TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY 1.49% 2.63%
- M-S-R ENERGY AUTH CALIF 7% 2.36%
- SACRAMENTO CNTY CALIF SANTN DIST FING AUTH 2.07% 2.26%
- ARIZONA HEALTH FACS AUTH 2.38% 2.21%
- NEW JERSEY ECONOMIC DEV AUTH 2.54% 1.98%
- VERMONT ST STUDENT ASSISTANCE CORP 5.34% 1.98%
- MASSACHUSETTS ST 2.15% 1.54%
- BAY AREA TOLL AUTH CALIF 2.19% 1.40%
- ARIZONA HEALTH FACS AUTH 2.79% 1.39%
- ALLEGHENY CNTY PA 2.13% 1.06%
Asset Allocation
| Weighting | Return Low | Return High | XMZFX % Rank | |
|---|---|---|---|---|
| Cash | 58.78% | -483.27% | 7388.76% | N/A |
| Bonds | 41.22% | -955.59% | 533.06% | N/A |
| Stocks | 0.00% | -142.98% | 259.25% | N/A |
| Preferred Stocks | 0.00% | -0.12% | 80.89% | N/A |
| Other | 0.00% | -7288.76% | 493.15% | N/A |
| Convertible Bonds | 0.00% | -0.37% | 166.23% | N/A |
Bond Sector Breakdown
| Weighting | Return Low | Return High | XMZFX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 58.78% | -452.21% | 7388.76% | N/A |
| Municipal | 41.22% | 0.00% | 110.18% | N/A |
| Derivative | 0.00% | -511.61% | 48.69% | N/A |
| Securitized | 0.00% | -35.05% | 159.61% | N/A |
| Corporate | 0.00% | -15.73% | 3345.86% | N/A |
| Government | 0.00% | -3298.93% | 457.08% | N/A |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | XMZFX % Rank | |
|---|---|---|---|---|
| US | 41.22% | -955.59% | 499.56% | N/A |
| Non US | 0.00% | -150.85% | 464.75% | N/A |
XMZFX - Expenses
Operational Fees
| XMZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.41% | 0.00% | 928.63% | N/A |
| Management Fee | 0.39% | 0.00% | 2.87% | N/A |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.00% | 52000.00% | N/A |
Sales Fees
| XMZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 25.00% | N/A |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
| XMZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| XMZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 5067.00% | N/A |
XMZFX - Distributions
Dividend Yield Analysis
| XMZFX | Category Low | Category High | XMZFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 87.51% | N/A |
Dividend Distribution Analysis
| XMZFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| XMZFX | Category Low | Category High | XMZFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 5.31% | -46.00% | 10.10% | N/A |
Capital Gain Distribution Analysis
| XMZFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jul 31, 2018 | $0.040 | |
| Jun 29, 2018 | $0.040 | |
| May 31, 2018 | $0.040 | |
| Apr 30, 2018 | $0.040 | |
| Mar 29, 2018 | $0.045 | |
| Feb 28, 2018 | $0.045 | |
| Jan 31, 2018 | $0.045 | |
| Dec 29, 2017 | $0.045 | |
| Nov 30, 2017 | $0.045 | |
| Oct 31, 2017 | $0.045 | |
| Sep 29, 2017 | $0.045 | |
| Aug 31, 2017 | $0.045 | |
| Jul 31, 2017 | $0.045 | |
| Jun 30, 2017 | $0.045 | |
| May 31, 2017 | $0.050 | |
| Apr 28, 2017 | $0.050 | |
| Mar 31, 2017 | $0.050 | |
| Feb 28, 2017 | $0.054 | |
| Jan 31, 2017 | $0.054 | |
| Dec 30, 2016 | $0.054 | |
| Nov 30, 2016 | $0.054 | |
| Oct 31, 2016 | $0.054 | |
| Sep 30, 2016 | $0.054 | |
| Aug 31, 2016 | $0.054 | |
| Jul 29, 2016 | $0.054 | |
| Jun 30, 2016 | $0.062 | |
| May 31, 2016 | $0.062 | |
| Apr 29, 2016 | $0.062 | |
| Mar 31, 2016 | $0.062 | |
| Feb 29, 2016 | $0.062 | |
| Jan 29, 2016 | $0.062 | |
| Dec 31, 2015 | $0.062 | |
| Nov 30, 2015 | $0.062 | |
| Oct 30, 2015 | $0.062 | |
| Sep 30, 2015 | $0.062 | |
| Aug 31, 2015 | $0.062 | |
| Jul 31, 2015 | $0.062 | |
| Jun 30, 2015 | $0.062 | |
| May 29, 2015 | $0.062 | |
| Apr 30, 2015 | $0.062 | |
| Mar 31, 2015 | $0.062 | |
| Feb 27, 2015 | $0.062 | |
| Jan 30, 2015 | $0.062 | |
| Dec 31, 2014 | $0.065 | |
| Nov 28, 2014 | $0.065 | |
| Oct 31, 2014 | $0.065 | |
| Sep 30, 2014 | $0.065 | |
| Aug 29, 2014 | $0.065 | |
| Jul 31, 2014 | $0.065 | |
| Jun 30, 2014 | $0.065 | |
| May 30, 2014 | $0.070 | |
| Apr 30, 2014 | $0.070 | |
| Mar 31, 2014 | $0.070 | |
| Feb 28, 2014 | $0.070 | |
| Jan 31, 2014 | $0.070 | |
| Dec 31, 2013 | $0.070 | |
| Nov 29, 2013 | $0.074 | |
| Oct 31, 2013 | $0.074 | |
| Sep 30, 2013 | $0.074 | |
| Aug 30, 2013 | $0.074 | |
| Jul 31, 2013 | $0.074 | |
| Jun 28, 2013 | $0.074 | |
| May 31, 2013 | $0.078 | |
| Apr 30, 2013 | $0.078 | |
| Mar 28, 2013 | $0.078 | |
| Feb 28, 2013 | $0.078 | |
| Jan 31, 2013 | $0.078 | |
| Dec 31, 2012 | $0.078 | |
| Nov 30, 2012 | $0.083 | |
| Oct 31, 2012 | $0.083 | |
| Sep 28, 2012 | $0.083 | |
| Aug 31, 2012 | $0.083 | |
| Jul 31, 2012 | $0.083 | |
| Jun 29, 2012 | $0.083 | |
| May 31, 2012 | $0.083 | |
| Apr 30, 2012 | $0.083 | |
| Mar 30, 2012 | $0.083 | |
| Feb 29, 2012 | $0.083 | |
| Jan 31, 2012 | $0.083 | |
| Dec 30, 2011 | $0.083 | |
| Nov 30, 2011 | $0.083 | |
| Oct 31, 2011 | $0.083 | |
| Sep 30, 2011 | $0.083 | |
| Aug 31, 2011 | $0.083 | |
| Jul 29, 2011 | $0.083 | |
| Jun 30, 2011 | $0.083 | |
| May 31, 2011 | $0.083 | |
| Apr 29, 2011 | $0.083 | |
| Mar 31, 2011 | $0.083 | |
| Feb 28, 2011 | $0.083 | |
| Jan 31, 2011 | $0.083 | |
| Dec 31, 2010 | $0.083 | |
| Nov 30, 2010 | $0.083 | |
| Oct 29, 2010 | $0.083 | |
| Sep 30, 2010 | $0.083 | |
| Aug 31, 2010 | $0.083 | |
| Jul 30, 2010 | $0.083 | |
| Jun 30, 2010 | $0.083 | |
| May 28, 2010 | $0.083 | |
| Apr 30, 2010 | $0.083 | |
| Mar 31, 2010 | $0.083 | |
| Feb 26, 2010 | $0.083 | |
| Jan 29, 2010 | $0.083 | |
| Dec 31, 2009 | $0.083 | |
| Nov 30, 2009 | $0.083 | |
| Oct 30, 2009 | $0.075 | |
| Sep 30, 2009 | $0.075 | |
| Aug 31, 2009 | $0.075 | |
| Jul 31, 2009 | $0.061 | |
| Jun 30, 2009 | $0.061 | |
| May 29, 2009 | $0.061 | |
| Apr 30, 2009 | $0.061 | |
| Mar 31, 2009 | $0.061 | |
| Feb 27, 2009 | $0.061 | |
| Jan 30, 2009 | $0.056 | |
| Dec 31, 2008 | $0.056 | |
| Nov 28, 2008 | $0.056 | |
| Oct 31, 2008 | $0.056 | |
| Sep 30, 2008 | $0.056 | |
| Aug 29, 2008 | $0.084 | |
| Jul 15, 2008 | $0.053 | |
| Jun 16, 2008 | $0.053 | |
| May 15, 2008 | $0.053 | |
| Apr 15, 2008 | $0.053 | |
| Mar 17, 2008 | $0.053 | |
| Feb 15, 2008 | $0.053 | |
| Jan 15, 2008 | $0.053 | |
| Dec 17, 2007 | $0.053 | |
| Nov 15, 2007 | $0.053 | |
| Oct 15, 2007 | $0.053 | |
| Sep 17, 2007 | $0.050 | |
| Aug 15, 2007 | $0.050 | |
| Jul 16, 2007 | $0.050 | |
| Jun 15, 2007 | $0.050 | |
| May 15, 2007 | $0.050 | |
| Apr 16, 2007 | $0.050 | |
| Mar 15, 2007 | $0.050 | |
| Feb 15, 2007 | $0.050 | |
| Jan 16, 2007 | $0.050 | |
| Dec 15, 2006 | $0.047 | |
| Nov 15, 2006 | $0.047 | |
| Oct 16, 2006 | $0.047 | |
| Sep 15, 2006 | $0.047 | |
| Aug 15, 2006 | $0.047 | |
| Jul 17, 2006 | $0.047 | |
| Jun 15, 2006 | $0.047 | |
| May 15, 2006 | $0.056 | |
| Apr 17, 2006 | $0.056 | |
| Mar 15, 2006 | $0.056 | |
| Feb 15, 2006 | $0.056 | |
| Jan 17, 2006 | $0.056 | |
| Dec 15, 2005 | $0.056 | |
| Nov 15, 2005 | $0.056 | |
| Oct 17, 2005 | $0.056 | |
| Sep 15, 2005 | $0.056 | |
| Aug 15, 2005 | $0.056 | |
| Jul 15, 2005 | $0.056 | |
| Jun 15, 2005 | $0.056 | |
| May 16, 2005 | $0.056 | |
| Apr 15, 2005 | $0.056 | |
| Mar 15, 2005 | $0.070 | |
| Feb 15, 2005 | $0.070 | |
| Jan 14, 2005 | $0.070 | |
| Dec 15, 2004 | $0.070 | |
| Nov 15, 2004 | $0.070 | |
| Oct 15, 2004 | $0.070 | |
| Sep 15, 2004 | $0.070 | |
| Aug 16, 2004 | $0.070 | |
| Jul 15, 2004 | $0.070 | |
| Jun 15, 2004 | $0.070 | |
| May 17, 2004 | $0.070 | |
| Apr 15, 2004 | $0.070 | |
| Mar 15, 2004 | $0.070 | |
| Feb 17, 2004 | $0.070 | |
| Jan 15, 2004 | $0.070 | |
| Dec 15, 2003 | $0.070 | |
| Nov 17, 2003 | $0.070 |
XMZFX - Fund Manager Analysis
Managers
James DiChiaro
Start Date
Tenure
Tenure Rank
Aug 27, 2003
15.02
15.0%
DiChiaro is an assistant vice president of MBIA. He is part of the portfolio management team responsible for the tax-exempt assets under management as well as MBIAs short-term portfolios.
Matthew J. Bodo
Start Date
Tenure
Tenure Rank
May 31, 2012
6.25
6.3%
Clifford D. Corso
Start Date
Tenure
Tenure Rank
Aug 27, 2003
15.02
15.0%
Clifford D. Corso, Chief Executive Officer & Chief Investment Officer, is a member of the investment management team at Cutwater Asset Management, a wholly owned subsidiary of MBIA Inc. Mr. Corso joined the firm in 1994. Corso is managing director and head of fixed income trading at 1838 Investment Advisers. He also served as vice president and senior portfolio manager with MBIA Capital Management, his employer since 1994. Previously, he was vice president and co-head of fixed income trading with a subsidiary of Alliance Capital Management from 1992 to 1994. Mr. Corso has a Bachelor of Arts degree in Economics from Yale University and a Master of Business Administration degree from Columbia University. He holds his Series 7, 24 and 63 licenses from FINRA and is a member of the Fixed Income Analysts Society.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.0 | 43.76 | 4.66 | 4.5 |