Guggenheim BRIC ETF

NAV $38.24
Change ($0.44) / -1.14%
As of 3/23/18

Market Close $38.07
Change ($0.53) / -1.37%
As of 3/23/18

Investment Objective

Effective 10.31.2013, the Guggenheim BRIC ETF ( EEB) began seeking investment results that correspond generally to the performance, before fees and expenses, of the BNY Mellon BRIC Select DR Index. Prior to this change, EEB sought investment results that correspond generally to the performance, before fees and expenses to the BNY Mellon BRIC Select ADR Index. EEB generally will invest in all of the securities comprising the Index in proportion to their weightings in the index.

Index Description

The BNY Mellon BRIC Select DR Index is a rules-based index (i.e. an index constructed using specific criteria) comprised of American depository receipts (ADRs), global depository receipts (GDRs) and China H-shares of Chinese equities where appropriate, based on liquidity, from a universe of all listed depository receipts of companies from Brazil, Russia, India, and China. China H-shares are issued by companies incorporated in mainland China and listed on the Hong Kong Stock Exchange.

Fund Highlights

  • Provides growth opportunities via exposure to companies in the four major emerging markets: Brazil, Russia, India and China.
  • Offers the opportunity to regionally focus an emerging markets portfolio allocation.

Top Fund Holdings

Security Name % of Net Assets

Fund Profile

Fund Ticker EEB
Exchange NYSE Arca
iNAV Ticker EED
CUSIP 18383M100
Fund Inception Date 9/21/2006
Distribution Schedule (if any) Annually
Gross Expense Ratio 0.75%
Net Expense Ratio 0.64%
Fiscal Year-End 8/31
Index Ticker DRBRIC
Index Name BNY Mellon BRIC Select DR Index
Volume 5,032
Shares Outstanding 2,350,800
Total Assets $89,882,973
Investment Adviser Guggenheim Funds Investment Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $38.24
Change ($0.44) | -1.14%
52-Week High $41.98
52-Week Low $30.91

Market Close

Closing Price $38.07
Change ($0.53) | -1.37%
52-Week High $41.98
52-Week Low $30.87
Bid/Ask Midpoint $38.05
Premium/Discount -0.51%

Fund Characteristics

Number of Securities 123
Price to Earning (P/E) 19.48
Price to Book (P/B) 2.43

Fund Statistics

Beta 1.14
Standard Deviation 19.59

Current Distribution

Ex-Date 12/26/17
Record Date 12/27/17
Payable Date 12/29/17
Distribution per Share $0.635200

Index Methodology

The Index tracks the performance of U.S. and non-U.S. exchange-listed depositary receipts in ADR or GDR form that are listed for trading on the NYSE, NYSE MKT, NASDAQ and London Stock Exchange of companies from Brazil, Russia, India and China, which meet certain criteria. The universe of potential Index constituents includes all liquid U.S. and non-U.S. exchange-listed ADRs and GDRs. As of November 30, 2016, the Index’s constituent countries were represented (in approximate market capitalization) in the Index as follows: 24.7% of the Index consisted of Brazilian companies, 20% of the Index consisted of Russian companies, 11.3% of the Index consisted of Indian companies and 44% of the Index consisted of Chinese companies.

Index Construction

  1. To be eligible for inclusion in the BRIC Index the security must pass the following screens:
    • Be represented in the BNY Mellon DR Index.
    • Free-float adjusted market capitalization greater than $250 million.
    • Minimum $100,000 3 month average daily U.S. dollar trading volume on the primary exchange of the ADR or GDR and $1,000,000 minimum 3 month average daily U.S. dollar trading volume from the US composite market. Hong Kong local trading volume may be used to satisfy this requirement for ADRs or GDRs whose local market is Hong Kong.*
    • Passive Foreign Investment Companies (PFICs) are excluded based on the best
      information available.

      * If Hong Kong trading volume is used to satisfy the volume inclusion screen or if the ADR or GDR volume is less than 10 basis points of the market capitalization at the time of quarterly review than the local Hong Kong Exchange listed security will be used in the BRIC Index calculation in place of the Depositary Receipt.
    • Decisions regarding additions to and removals from the Index are made by the Index Administrator and are subject to periodic review by a policy steering committee known as BNY Mellon Index Committee.
    • The Index is weighted based on a modified capitalization method, using an Index formula based upon the aggregate of prices times share quantities. The number of shares used in the Index calculation generally represents the entire class(es) or series of shares adjusted for free-float that trade in the local market and also trade in the form of depositary receipts on U.S. and non-U.S. exchanges. Adjustments are made to ensure that no single security exceeds 23% of the Index and, with respect to 55% of the Index, that no single security represents more than 4.5% of the Index.
    • The Index may be adjusted for changes in shares quarterly and float annually that may affect the weighting of constituents in general.


Risks and Other Considerations

Risk Considerations: Investors should consider the following risk factors and special considerations associated with investing in the fund, which may cause you to lose money, including the entire principal amount that you invest. Equity Risk: The value of the equity securities held by the fund will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the fund participate, or factors relating to specific companies in which the fund invests. Foreign Investment Risk: The fund’s investments in non-U.S. issuers, although generally limited to ADRs, may involve unique risks compared to investing in securities of U.S. issuers, including less market liquidity, generally greater market volatility than U.S. securities, and less complete financial information than for U.S. issuers. Emerging Markets Risk: Investment in securities of issuers based in developing or “emerging market” countries entails all of the risks of investing in securities of non- U.S. issuers, as previously described, but to a heightened degree. China Investment Risk: Investing in securities of Chinese companies involves additional risks, including, but not limited to: the economy of China differs, often unfavorably, from the U.S. economy in such respects as structure, general development, government involvement, wealth distribution, rate of inflation, growth rate, allocation of resources and capital reinvestment, among others; the central government has historically exercised substantial control over virtually every sector of the Chinese economy through administrative regulation and/or state ownership; and actions of the Chinese central and local government authorities continue to have a substantial effect on economic conditions in China. In addition, previously the Chinese government has from time to time taken actions that influence the prices at which certain goods may be sold, encourage companies to invest or concentrate in particular industries, induce mergers between companies in certain industries and induce private companies to publicly offer their securities to increase or continue the rate of economic growth, control the rate of inflation or otherwise regulate economic expansion. From time to time, certain of the companies comprising the index that are located in China may operate in, or have dealings with, countries subject to sanctions or embargoes imposed by the U.S. government and the United Nations and /or in countries identified by the U.S. government as state sponsors of terrorism. Risks of Investing in Brazil, Russia and India: Brazil has experienced substantial economic instability, which has led to a high degree of price volatility in both the Brazilian equity and foreign currency markets. Securities of Russian companies are exposed to the absence of developed legal structures governing private or foreign investments and private property. Securities of Indian companies risk greater price volatility, substantially less liquidity and significantly smaller market capitalization of securities markets, more substantial governmental involvement, wealth distribution, rate of inflation, growth rate allocation of resources and capital reinvestment, among others. Oil/Energy Sector Risk: The profitability of companies in the oil/energy sector is related to worldwide energy prices, exploration and production spending. Such companies also are subject to risks of changes in exchange rates, government regulation, world events, depletion of resources and economic conditions. Financial Services Sector Risk: The financial services industries are subject to extensive government regulation, can be subject to relatively rapid change due to increasingly blurred distinctions between service segments, and can be significantly affected by availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition. Small- and Medium-Sized Company Risk: Investing in securities of small- and medium-sized companies involves greater risk than is customarily associated with investing in larger, more established companies. Concentration Risk: If the index concentrates in an industry or group of industries, the fund’s investments will be concentrated accordingly. In such event, the value of the fund’s shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. In addition, the funds are subject to: Non-correlation risk, Replication Management Risk, Issuer-Specific Changes and Non-Diversified Fund Risk. Please read the prospectus for more detailed Information regarding these and other risks.

Fund data is subject to change on a daily basis.

Composition is subject to change. Information provided is for illustration purposes only and may not reflect current investments by the fund. Referenced companies are not affiliated with Guggenheim Investments and Guggenheim Investments does not sponsor, endorse, sell or promote the referenced companies.

Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, please visit the ETF performance page. ETFs are subject to third party transaction fees/commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above or below NAV. For additional information, see the fund’s prospectus.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investments Advisors, LLC ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisors to the referenced funds.

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