Guggenheim International Multi-Asset Income ETF

NAV $17.14
Change ($0.18) / -1.04%
As of 3/22/18

Market Close $17.24
Change $0.00 / 0.00%
As of 3/21/18

Investment Objective

Guggenheim International Multi-Asset Income ETF (HGI) seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of an index called the Zacks International Multi-Asset Income Index. HGI generally will invest in all of the securities comprising the index in proportion to their weightings in the index.

Index Description

The Zacks International Multi-Asset Income Index is comprised of approximately 150 stocks selected, based on a multi-factor proprietary model, from a universe of international companies, global REITS, master limited partnerships (“MLPs”), Canadian royalty trusts, American depositary receipts (“ADRs”) of emerging market companies and U.S. listed closed-end funds that invest in international companies, and at all times is comprised of at least 40% non-U.S. securities. The index is designed to identify a diversified group of companies with potentially high income and superior risk/returns profiles, as determined by the index provider, in an effort to potentially outperform the MSCI EAFE Index and other benchmark indices on a risk-adjusted basis.

Fund Highlights

  • Seeks to provide an income stream through allocations to multiple asset classes that have historically provided attractive and consistent yields.
  • Offers the opportunity to realize long-term capital appreciation from a diversified global mix of asset classes.

Top Fund Holdings

Security Name % of Net Assets
SOUTH32 LTD 1.35%

Fund Profile

Fund Ticker HGI
Exchange NYSE Arca
iNAV Ticker HGI.IV
CUSIP 18383Q804
Fund Inception Date 7/11/2007
Distribution Schedule (if any) Quarterly
Gross Expense Ratio 1.52%
Net Expense Ratio 0.85%
Fiscal Year-End 5/31
Index Ticker ZAXIH
Index Name Zacks International Multi-Asset Income Index
Volume 0
Shares Outstanding 700,000
Total Assets $12,001,284
Investment Adviser Guggenheim Funds Investment Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $17.14
Change ($0.18) | -1.04%
52-Week High $18.62
52-Week Low $15.95

Market Close

Closing Price $17.24
Change $0.00 | 0.00%
52-Week High $18.58
52-Week Low $15.87
Bid/Ask Midpoint $17.24
Premium/Discount 0.55%

Fund Characteristics

Number of Securities 152
Average Market Capitalization $2.1 Bil
Price to Earning (P/E) 12.28
Price to Book (P/B) 1.28

Fund Statistics

Alpha -2.18
Beta 1.01
Standard Deviation 13.62

Current Distribution

Ex-Date 12/26/17
Record Date 12/27/17
Payable Date 12/29/17
Distribution per Share $0.136500

Index Methodology

The Index selection methodology is designed to identify companies with potentially high income and superior risk-return profiles as determined by Zacks. The Index will at all times be composed of at least 40% non-U.S. securities and is designed to select a diversified group of stocks with the potential to outperform the MSCI EAFE Index and other benchmark indices on a risk adjusted basis.

The Index constituent selection methodology utilizes multi-factor proprietary selection rules to identify those stocks that offer the greatest potential from a yield and risk/return perspective. The approach is specifically designed to enhance investment applications and investability.

Index Construction

  1. Potential Index constituents include all non-U.S. listed equities that pay dividends, are compliant with U.S. generally accepted accounting principles and are listed in developed market, as well as Canadian royalty trusts ADRs of emerging market companies and U.S. listed closed-end funds that invest in international companies.
  2. The Index is comprised of the 150 highest-ranking equities chosen using a rules-based quantitative ranking methodology proprietary to Zacks. Zacks. 60% of the Index will consist of dividend-paying developed market common stocks, 20% of the Index will consist of dividend-paying ADRs and exposure to each other category of investments is limited to 10%. The constituent selection methodology was developed by Zacks as an effective, quantitative approach to identifying those companies that offer the greatest yield potential
  3. The 150 constituents are chosen and are weighted based on a proprietary method developed by Zacks within each investment type.
  4. The constituent selection process as well as the ranking, reconstitution, and rebalancing of the Index is repeated semi-annually.

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. 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. Telecommunications Sector Risk: This sector is subject to extensive government regulation. The telecommunications sector can also be significantly affected by intense competition, including competition with alternative technologies such as wireless communications, product compatibility, consumer preferences, rapid obsolescence and research and development of new products. Canadian Risk: Investing in Canadian royalty trusts and stocks listed on the TSX subjects the fund to: Commodity Exposure Risk. Reliance on Exports Risk. U.S. Economic Risk. Structural Risk (Political Risk). Canadian Royalty Trust Risk: As the fund invests in Canadian royalty trusts, it is subject to the following risks applicable to Canadian royalty trusts: Lack of Diversification. Potential Sacrifice of Growth. No Guarantees. REIT Risk: Investments in securities of real estate companies involve risks. These risks include, among others, adverse changes in national, state or local real estate conditions; obsolescence of properties; changes in the availability, cost and terms of mortgage funds; and the impact of changes in environmental laws. Master Limited Partnership Risk: Investments in securities of MLPs involve risks that differ from an investment in common stock. Holders of the units of MLPs have more limited control and limited rights to vote on matters affecting the partnership. There are also certain tax risks associated with an investment in units of MLPs. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of a MLP, including a conflict arising as a result of incentive distribution payments. Risks of Investing in Other Investment Companies: Investments in securities of other investment companies involve risks, including, among others, the fact that shares of other investment companies are subject to the management fees and other expenses of those companies, and the purchase of shares of some investment companies (in the case of closed-end investment companies) may sometimes require the payment of substantial premiums above the value of such companies’ portfolio securities or net asset values. 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. 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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