Guggenheim Insider Sentiment ETF

NAV $64.66
Change ($0.06) / -0.09%
As of 3/21/18

Market Close $64.70
Change $0.34 / 0.53%
As of 3/20/18

Investment Objective

Guggenheim Insider Sentiment ETF (NFO) seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of the Nasdaq US Insider Sentiment Index.

Index Description

The Nasdaq US Insider Sentiment Index is designed to provide exposure to U.S. companies within the Nasdaq US Large Mid Cap Index (which consists of approximately 900 stocks) which exhibit high degrees of corporate insider buying. The universe of securities is screened by a series of three factors—increase in average shares held by corporate insiders, and a combination of positive share price momentum and lower share price volatility. The 100 highest-ranking securities, subject to industry weight constraints, are selected for inclusion in the Index and an equal weighting methodology is applied.

Fund Highlights

  • Corporate Insider Insights. Seeks to provide exposure to companies with a high degree of corporate insider buying.
  • Multi-Factor Approach. Adds momentum and volatility to an insider buying screen to identify companies with attractive share price characteristics.
  • Equal Weighted. Provides equal weight exposure to all stocks in the index, which may result in a more balanced and diversified portfolio.

Top Fund Holdings

Security Name % of Net Assets

Fund Profile

Fund Ticker NFO
Exchange NYSE Arca
iNAV Ticker NFA
CUSIP 18383M209
Fund Inception Date 9/21/2006
Distribution Schedule (if any) Annually
Gross Expense Ratio 0.74%
Net Expense Ratio 0.61%
Fiscal Year-End 8/31
Index Ticker NQBUY
Index Name Nasdaq US Insider Sentiment Index
Volume 1,519
Shares Outstanding 1,150,800
Total Assets $74,406,474
Investment Adviser Guggenheim Funds Investment Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $64.66
Change ($0.06) | -0.09%
52-Week High $65.61
52-Week Low $52.64

Market Close

Closing Price $64.70
Change $0.34 | 0.53%
52-Week High $65.75
52-Week Low $52.33
Bid/Ask Midpoint $64.67
Premium/Discount 0.02%

Fund Characteristics

Number of Securities 99
Price to Earning (P/E) 20.43
Price to Book (P/B) 2.99

Fund Statistics

Beta 0.98
Standard Deviation 11.00

Current Distribution

Ex-Date 12/26/17
Record Date 12/27/17
Payable Date 12/29/17
Distribution per Share $0.915400

Index Methodology

Effective October 24, 2016, Guggenheim Insider Sentiment ETF (NFO) changed its benchmark index to the Guggenheim Nasdaq US Insider Sentiment Index from the Sabrient Insider Sentiment Index.

The Index Provider selects securities for the Index using a rules-based selection criteria designed to increase the Index’s exposure, relative to the starting universe, to securities that reflect favorable corporate insider buying trends by considering the following factors:

  • Insider Buying Trends. Increases in average shares of a company held by corporate insiders are evaluated by calculating the average shares held by corporate insiders over a trailing 12-month period and comparing that average to the average number of shares held by corporate insiders over a 13 to 24-month period.
  • Momentum. Momentum is calculated based on each company's one-month, three-month, six-month, nine-month and twelve-month returns.
  • Volatility. Volatility reflects the degree of fluctuation in a company’s share price and it is calculated based on a company's trailing one-year share price fluctuation.

    Eligible securities are ranked based on the above three factors and the top 100 ranking securities are selected for inclusion in the Index. The Index is also subject to industry specific constraints. The Index is evaluated and rebalanced semi-annually. As of September 30, 2016, the Index was comprised of approximately 100 securities.

Risks and Other Considerations

Guggenheim Insider Sentiment ETF is subject to risks and may not be suitable for all investors. Investing involves risk and special consideration, including the possible loss of principal. There are no assurances that the fund will achieve its investment objective and/or strategy. Investments in large- and mid-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. The fund may hold the securities of non-U.S. companies in the form of ADRs, which are subject to fluctuations in foreign currency exchange rates that may affect the value of the fund’s portfolio. The value of the securities underlying the ADRs may change materially when the U.S. markets are not open for trading. Investments in the underlying foreign securities also involve political and economic risks distinct from those associated with investing in the securities of U.S. issuers. Investing in real estate securities (which include REITs) may subject the fund to risks associated with the direct ownership of real estate, and risks inherent in operating and financing a limited number of projects. The fund may be adversely affected by events or developments negatively impacting the real estate sector or issuers within the real estate sector. The fund may be adversely affected by events or developments negatively impacting the utilities sector or issuers within the utilities sector. The fund is not actively managed which means the fund would not necessarily sell a security because the security’s issuer was in financial trouble unless that security is removed from the Index. In addition, the fund will not otherwise take defensive positions in declining markets unless such positions are reflected in the Index. Non-correlation risk refers to the risk that the Advisor may not be able to cause the fund’s performance to match or correlate to that of the fund’s underlying index, either on a daily or aggregate basis. Shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of the fund’s holdings. In addition, although the fund’s shares are currently listed on NYSE Arca, Inc. (the “Exchange”), there can be no assurance that an active trading market for shares will develop or be maintained. Most investors will incur customary brokerage commissions when buying or selling shares of an ETF. If the index concentrates in an industry or group of industries, the fund’s investments will be concentrated accordingly. In such event, the fund’s value of the 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. 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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