Guggenheim Ultra Short Duration ETF

NAV $50.20
Change $0.00 / 0.00%
As of 3/21/18

Market Close $50.20
Change $0.01 / 0.02%
As of 3/21/18

Strategy Overview

Guggenheim Ultra Short Duration ETF (GSY) seeks maximum current income, consistent with preservation of capital and daily liquidity. GSY holds a diversified portfolio of varying maturities, with an average duration of less than one year.

Guggenheim’s actively managed approach allows the portfolio investment team the latitude to express its market views, while still adhering to the fund's stated objectives - offering investors enhanced yield opportunities within a risk-managed approach. Driven by a macro view that utilizes quantitative and qualitative processes to understand and manage risk, Guggenheim’s fixed income expertise seeks to identify and exploit market opportunities. Guggenheim leverages over 150 fixed income professionals in addition to an internal legal team to thoroughly analyze and research each investment.

Fund Highlights

  • Actively managed approach may offer enhanced yield opportunities within a risk-managed approach.
  • Can be used for tactical cash positions to deliver potentially greater return than cash as well as liquidity for non-immediate needs.
  • May provide the flexibility to invest in floating rate securities, which re-set based on current interest rates, strategically positioning the fund for a changing interest rate environment.

Top Fund Holdings

Security Name % of Net Assets
BILHETES DO TESOURO 0 5/18/2018 1.96%
REPO 12/31/2049 1.91%
HP ENTERPRISE 04/03/2018 1.61%
REPO 12/31/2049 1.56%
AUTOZONE INC 03/26/2018 1.53%
BEMIS INC 03/26/2018 1.53%
JOHNSON CTLS INTL PLC 03/26/2018 1.53%

Overall Morningstar RatingTM*

as of 12/31/2017
Among Ultrashort Bond Funds

The fund was rated, based on its risk-adjusted returns, 4 stars for 3 years, 4 stars for 5 years, and 4 stars Overall out of 141, 110, and 141 Ultrashort Bond funds, respectively.

Fund Profile

Fund Ticker GSY
Exchange NYSE Arca
iNAV Ticker GSY.IV
CUSIP 18383M654
Fund Inception Date 2/12/2008
Distribution Schedule (if any) Monthly
Gross Expense Ratio 0.28%
Net Expense Ratio 0.27%
Fiscal Year-End 5/31
Volume 552,670
Shares Outstanding 22,400,000
Total Assets $1,124,540,352
Investment Adviser Guggenheim Funds Investment Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $50.20
Change $0.00 | 0.00%
52-Week High $50.40
52-Week Low $50.13

Market Close

Closing Price $50.20
Change $0.01 | 0.02%
52-Week High $50.40
52-Week Low $50.11
Bid/Ask Midpoint $50.20
Premium/Discount -0.01%

Fund Characteristics

Number of Securities 180
Average Duration 0.09
Average Maturity 1.17 years
Weighted Average Coupon 1.47

Current Distribution

Ex-Date 3/2/18
Record Date 3/6/18
Payable Date 3/8/18
Distribution per Share $0.064900

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. Credit Risk: The Fund could lose money if the issuer or guarantor of a fixed-income instrument or a counterparty to a transaction is unable or unwilling, or perceived to be unable or unwilling, to pay interest or repay principal on time or defaults. The issuer, guarantor or counterparty could also suffer a rapid decrease in credit quality rating, which would adversely affect the volatility of the value and liquidity of the instrument. Interest Rate Risk: As interest rates rise, the value of fixed-income securities held by the fund are likely to decrease. Securities with longer durations tend to be more sensitive to interest rate changes, making them more volatile than securities with shorter durations. Income Risk: Falling interest rates may cause the fund’s income to decline. Municipal Securities Risk: Municipal securities may be subject to credit, interest, prepayment, liquidity and valuation risks. In addition, Municipal securities can be affected by unfavorable legislative or political developments and adverse changes in the economic and fiscal conditions of state and municipal issuers or the federal government in case it provides financial support to such issuers. Asset-Backed Securities Risk: Investors in asset-backed securities generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. High-Yield and Unrated Securities Risk: High yield, below investment grade and unrated high risk debt securities may present additional risks because these securities may be less liquid, and therefore more difficult to value accurately and sell at an advantageous price or time, present more credit risk than investment grade bonds and subject to greater volatility and risk of default. Foreign Securities Risk: The fund may invest in U.S. and non-U.S. dollar-denominated bonds of foreign corporations, governments, agencies and supra-national agencies, which have different risks than investing in U.S. companies. 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. Financial Sector Risk: The financial sector can be significantly affected by changes in interest rates, government regulation, the rate of defaults on corporate, consumer and government debt, the availability and cost of capital, and the impact of more stringent capital requirements. Active Management Risk: The fund is subject to management risk because it is an actively managed portfolio. In managing the fund’s portfolio securities, the Investment Advisor will apply investment techniques and risk analyses in making investment decisions for the fund, but there can be no guarantee that these will produce the desired results. Please read the prospectus for additional information.

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.

*The Morningstar Rating for funds, or “star rating”, is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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.

© 2018 Guggenheim Investments. All Rights Reserved.

Research our firm with FINRA Broker Check.

• Not FDIC Insured • No Bank Guarantee • May Lose Value

This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.