Guggenheim S&P 100® Equal Weight ETF

NAV $31.73
Change ($0.79) / -2.43%
As of 3/22/18

Market Close $32.64
Change $0.00 / 0.00%
As of 3/21/18


Oct 2017 - Dec 2017

Greatest Premium (12/29/2017) 0.09% Number of days at:
Greatest Discount (10/3/2017) -0.29% Premium 2
# of Days within +0.5% and -0.5% 63 NAV 6
% of Days within +0.5% and -0.5% 100% Discount 55

Jul 2017 - Sep 2017

Greatest Premium (7/7/2017) -0.03% Number of days at:
Greatest Discount (9/15/2017) -1.04% Premium 0
# of Days within +0.5% and -0.5% 62 NAV 0
% of Days within +0.5% and -0.5% 0% Discount 63

Apr 2017 - Jun 2017

Greatest Premium (5/4/2017) 5.86% Number of days at:
Greatest Discount (6/19/2017) -3.17% Premium 27
# of Days within +0.5% and -0.5% 59 NAV 5
% of Days within +0.5% and -0.5% 0% Discount 31

Jan 2017 - Mar 2017

Greatest Premium (1/6/2017) 20.80% Number of days at:
Greatest Discount (1/31/2017) -2.89% Premium 51
# of Days within +0.5% and -0.5% 35 NAV 1
% of Days within +0.5% and -0.5% 0% Discount 10

Oct 2016 - Dec 2016

Greatest Premium (11/25/2016) 27.55% Number of days at:
Greatest Discount (11/30/2016) -0.77% Premium 54
# of Days within +0.5% and -0.5% 28 NAV 3
% of Days within +0.5% and -0.5% 0% Discount 6

Jul 2016 - Sep 2016

Greatest Premium (7/1/2016) 0.25% Number of days at:
Greatest Discount (7/12/2016) -0.09% Premium 18
# of Days within +0.5% and -0.5% 64 NAV 23
% of Days within +0.5% and -0.5% 100% Discount 23

Chart Description

Shareholders may pay more than net asset value when they buy shares of an ETF and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. The chart above provides information about the difference between the daily market closing price for shares of the Fund and the Fund's net asset value (NAV). The chart's vertical axis shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

Why is there a difference between NAV and Bid/Ask Midpoint?

The NAV represents the fund's assets less its liabilities on a per share basis as calculated by the fund's administrator. The bid/ask midpoint is the midpoint of the highest bid and lowest offer in the listing exchange at the time that the NAV is calculated, usually 4 p.m. EST. As a practical matter, information is constantly flowing to and among investors, corporations, and financial institutions that affects their outlook on the financial markets and the value of securities. This process, known as price discovery, is why market prices change and evolve throughout the trading day. It is important to note that even when markets are closed, the price discovery process continues 24 hours a day, 7 days a week, 365 days a year.

Reasons for Possible Timing Discrepancies:

1. Closing of Trading Times: The NAV of the GuggenheimShares ETFs normally is calculated using prices as of 4:00 p.m. Eastern Time. Each GuggenheimShares ETF normally trades on its respective stock exchange until 4:00 p.m. Eastern Time.
2. Time of Last Trade: Trading generally takes place throughout the normal trading hours for GuggenheimShares ETFs on the listing exchange on which it is listed (generally 9:30 a.m. - 4:00 p.m. Eastern Time). At times, many trades are placed in rapid succession. At other intervals, little or no trading activity may take place. It is important to note that the date/time of the last trade (which is recorded as the Market Close) may not take place at exactly 4:00 p.m. Eastern Time when the GuggenheimShares ETFs normally calculate NAV. The date/time of the last trade sometimes may occur before 4:00 p.m. Eastern Time. Thus, ongoing price discovery may result in a deviation between the price recorded as the Closing Price and the NAV of the fund shares calculated at 4:00 p.m. Eastern Time.

Guggenheim S&P 100® Equal Weight ETF is subject to risks and may not be suitable for all investors. • Correlation and tracking error risk refer to the factors that may affect the fund’s ability to achieve a high degree of correlation with its underlying index either on a single trading day or for a longer period of time. Failure to achieve a high degree of correlation may prevent the fund from achieving its investment objective and cause the fund’s performance to be less than you expect. • The fund is subject to the risk that the value of the equity securities and equity-based derivatives, if any, in the fund’s portfolio will decline due to volatility in the equity market. Large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. • When larger-capitalization securities are in favor or in periods of severe market dislocation, an equal weighted strategy may under-perform a cap-weighted strategy. • 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 and the exchange-traded prices of the fund’s shares may not reflect these market values. Although the fund’s shares are currently listed on the exchange, there can be no assurance that an active trading market for shares will develop or be maintained. • In certain circumstances, it may be difficult for the fund to purchase and sell particular investments within a reasonable time at a fair price. • The fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund; changes in the market value of a single issuer could cause greater fluctuations in the value of fund shares than would occur in a diversified fund. • The fund is not actively managed and the advisor does not take defensive positions in declining markets; therefore, the fund may be subject to greater losses in a declining market than an actively managed fund.

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.

Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC, a subsidiary of McGraw Hill Financial, Inc., and have been licensed for use by Guggenheim Investments and its affiliates. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. S&P Dow Jones Indices LLC (together with its affiliates, "S&P") does not make investment recommendations, and S&P does not sponsor, endorse, sell or promote the product. S&P makes no representation or warranty regarding the advisability of investing in the product. Past performance of an index is not a guarantee of future results.

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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