-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NdUdQP7nyuhbWDIwk5l6lTg5jdPAfSye9RJEN4ayJ7ywy504UziMoYAazqjoV/Cz vlY7j1nx2kkfKcJf7LCwkA== 0001445546-10-002489.txt : 20100610 0001445546-10-002489.hdr.sgml : 20100610 20100610162055 ACCESSION NUMBER: 0001445546-10-002489 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20100610 DATE AS OF CHANGE: 20100610 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MANAGED DURATION INVESTMENT GRADE MUNICIPAL FUND CENTRAL INDEX KEY: 0001235511 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81192 FILM NUMBER: 10890565 BUSINESS ADDRESS: STREET 1: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 630-505-3700 MAIL ADDRESS: STREET 1: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 FORMER COMPANY: FORMER CONFORMED NAME: MBIA CAPITAL/CLAYMORE MAN DUR INV GRD MUNI FUND DATE OF NAME CHANGE: 20090630 FORMER COMPANY: FORMER CONFORMED NAME: MBIA CAPITAL CLAYMORE MAN DUR INV GRD MUNI FUND DATE OF NAME CHANGE: 20030814 FORMER COMPANY: FORMER CONFORMED NAME: MBIA CAPITAL CLAYMORE MANAGED DURATION NATIONAL MUNICIPAL TR DATE OF NAME CHANGE: 20030523 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST PORTFOLIOS LP CENTRAL INDEX KEY: 0001184765 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 12O EAST LIBERTY DRIVE STREET 2: SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 BUSINESS PHONE: 630-765-8000 MAIL ADDRESS: STREET 1: 12O EAST LIBERTY DRIVE STREET 2: SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 SC 13G 1 sc13g.txt SCHEDULE 13G United States* Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund ------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------ (Title of Class of Securities) 55266X100 -------------- (CUSIP Number) May 31, 2010 ----------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: X Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 55266X100 1. Names of Reporting Persons. First Trust Portfolios L.P. I.R.S. Identification Nos. of above persons (entities only). 36-3768815 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Illinois, U.S.A. Number of 5. Sole Voting Power 0 Shares Bene- ficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With: 8. Shared Dispositive Power 863,194 9. Aggregate Amount Beneficially Owned by Each Reporting Person 863,194 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 10.9% 12. Type of Reporting Person (See Instructions) BD CUSIP No. 55266X100 1. Names of Reporting Persons. First Trust Advisors L.P. I.R.S. Identification Nos. of above persons (entities only). 36-3788904 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Illinois, U.S.A. Number of 5. Sole Voting Power 0 Shares Bene- ficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With: 8. Shared Dispositive Power 863,194 9. Aggregate Amount Beneficially Owned by Each Reporting Person 863,194 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 10.9% 12. Type of Reporting Person (See Instructions) IA CUSIP No. 55266X100 1. Names of Reporting Persons. The Charger Corporation I.R.S. Identification Nos. of above persons (entities only). 36-3772451 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Illinois, U.S.A. Number of 5. Sole Voting Power 0 Shares Bene- ficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 0 Person With: 8. Shared Dispositive Power 863,194 9. Aggregate Amount Beneficially Owned by Each Reporting Person 863,194 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 10.9% 12. Type of Reporting Person (See Instructions) HC Item 1. (a) Name of Issuer - MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (b) Address of Issuer's Principal Executive Offices 2455 Corporate West Drive Lisle, IL 60532 Item 2. (a) Name of Person Filing First Trust Portfolios L.P. First Trust Advisors L.P. The Charger Corporation (b) Address of Principal Business Office or, if none, Residence First Trust Portfolios L.P. 120 East Liberty Drive, Suite 400 Wheaton, Illinois 60187 First Trust Advisors L.P. 120 East Liberty Drive, Suite 400 Wheaton, Illinois 60187 The Charger Corportion 407 S. Third St., Suite 230 Geneva, Illinois 60134 (c) Citizenship Illinois, U.S.A. (d) Title of Class of Securities Common Stock (e) CUSIP Number 55266X100 Item 3. If this statement is filed pursuant to Sec. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) X Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) X An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with Sec. 140.13d-1(b)(1)(ii)(F). (g) X A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) Group, in accordance with Sec. 240.13d- 1(b)1(ii)(J). Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 863,194 (b) Percent of class: 10.9% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 0. (ii) Shared power to vote or to direct the vote 0. (iii) Sole power to dispose or to direct the disposition of 0. (iv) Shared power to dispose or to direct the disposition of 863,194. Instruction. For computations regarding securities which represent a right to acquire an underlying security see Sec. 204.13d-3(d)(1). Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ] Instruction: Dissolution of a group requires a response to this item. Item 6. Ownership of More than Five Percent on Behalf of Another Person This Schedule 13G filing is jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1). The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P. First Trust Portfolios L.P. acts as sponsor of several unit investment trusts which hold shares of common stock of the issuer. No individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of the issuer's common stock. First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., acts as portfolio supervisor of the unit investment trusts sponsored by First Trust Portfolios L.P. which hold shares of the issuer. Neither First Trust Portfolios L.P., First Trust Advisors L.P. nor The Charger Corporation have the power to vote the 863,194 shares of the issuer contained in the unit investment trusts sponsored by First Trust Portfolios L.P. These shares are voted by the trustee of such unit investment trusts so as to insure that the shares are voted as closely as possible in the same manner and in the same general proportion as are the shares held by owners other than such unit investment trusts. In addition to the above, First Trust Advisors L.P. also serves as investment advisor to other registered investment companies, pooled investment vehicles and certain separately managed accounts which may also hold shares of the issuer. Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company See Item 6. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. FIRST TRUST PORTFOLIOS L.P. Date: June 10, 2010 By: /s/ James A. Bowen ------------------------- James A. Bowen, President FIRST TRUST ADVISORS L.P. Date: June 10, 2010 By: /s/ James A. Bowen ------------------------- James A. Bowen, President THE CHARGER CORPORATION Date: June 10, 2010 By: /s/ James A. Bowen ----------------------------------------- James A. Bowen, Senior Vice President EX-99.1 2 exhibit99_1.txt JOINT FILING AGREEMENT Exhibit 99.1 EXHIBIT 99.1 - JOINT FILING AGREEMENT The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(k)(1). Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. In accordance with Rule 13d-1(k)(1) promulgated under the Securities and Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of such a statement on Schedule 13G and any amendments thereto with respect to the common stock of the issuer, beneficially owned by each of them. This Joint Filing Agreement shall be included as an exhibit to such Schedule 13G and any amendments thereto. Date: June 10, 2010 First Trust Portfolios L.P. By: /s/ James A. Bowen ----------------------------- Name: James A. Bowen Title: President First Trust Advisors L.P. By: /s/ James A. Bowen ----------------------------- Name: James A. Bowen Title: President The Charger Corporation By: /s/ James A. Bowen ----------------------------- Name: James A. Bowen Title: Senior Vice President -----END PRIVACY-ENHANCED MESSAGE-----