Guggenheim S&P SmallCap 600® Pure Value ETF

NAV $69.02
Change ($1.25) / -1.78%
As of 3/23/18

Market Close $69.34
Change ($1.05) / -1.49%
As of 3/23/18

Investment Objective

Seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P SmallCap 600® Pure Value Index.

Index Description

The S&P Small Cap 600® Pure Value Index measures value in separate dimensions across three risk factors: book value to price ratio, earnings to price ratio, and sales to price ratio. The Pure Style Value Index Series only includes those stocks from the parent index that exhibit strong value characteristics, and weights them by style score.

Fund Highlights

Precise Style Exposure. By eliminating ambiguous or blend style stocks, a pure style approach delivers exposure to only those stocks with the strongest value and growth style attributes.
Outperformance Potential. Positioned to provide targeted style exposure and the potential to outperform when a particular style is in favor. Alternatively, when a particular style is out of favor, it may underperform.
Potential Tax-Efficient Exposure. Due to the tax-efficient nature of the ETF structure (creation/redemption process), Guggenheim pure style ETFs historically have not paid long-term capital gains. There is no guarantee that this will be the case in the future. Tax-efficient exposure is not an explicit objective of the funds.

Top Fund Holdings

Security Name % of Net Assets

Fund Profile

Fund Ticker RZV
Exchange NYSE Arca
iNAV Ticker RZV.IV
CUSIP 78355W700
Fund Inception Date 3/1/2006
Distribution Schedule (if any)
Gross Expense Ratio 0.35%
Net Expense Ratio 0.35%
Fiscal Year-End 10/31
Index Ticker SPSPV
Index Name S&P SmallCap 600 Pure Value Index
Volume 1,647
Shares Outstanding 2,450,040
Total Assets $169,099,436
Investment Adviser Security Investors, LLC.
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $69.02
Change ($1.25) | -1.78%
52-Week High $76.29
52-Week Low $60.35

Market Close

Closing Price $69.34
Change ($1.05) | -1.49%
52-Week High $76.27
52-Week Low $60.28
Bid/Ask Midpoint $69.10
Premium/Discount 0.12%

Fund Characteristics

Number of Securities 165
Price to Earning (P/E) 14.72
Price to Book (P/B) 1.08

Fund Statistics

Beta 1.14
Standard Deviation 19.62

Current Distribution

Ex-Date 3/16/18
Record Date 3/19/18
Payable Date 3/29/18
Distribution per Share $0.301500

Risks and Other Considerations

Pure style ETFs may not be suitable for all investors. The ETFs are subject to the risk that large, medium and small-capitalization stocks may under-perform other segments of the equity market or the equity market as a whole •Value stocks are subject to the risk that the intrinsic value of the stock may never be realized by the market or that the price goes down. Growth stocks typically invest a high portion of their earnings back into their business and may lack the dividend yield that could cushion their decline in a market downturn. Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions regarding the growth potential of the issuing company. • The Funds are subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the Fund´s inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be difficult for the Funds to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Funds may lose money. • Unlike many investment companies, the Funds are not actively "managed." This means that based on market and economic conditions, the Fund’s’ performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline. • Tracking error risk refers to the risk that the Advisor may not be able to cause the Funds´ performance to match or correlate to that of the Funds´ Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Funds’ performance to be less than you expect. • Shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of the Funds’ holdings. In addition, although the Funds´ 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. • Each Fund is considered nondiversified and can invest a greater portion of its assets in securities of individual issuers than a diversified Fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of fund shares than would occur in a more diversified Fund. •See Prospectus for more details.

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®", "S&P®", "S&P 500®", "Standard & Poor’s 500", "500", "S&P MidCap 400", "S&P SmallCap 600", "S&P 500 Pure Value", "S&P 500 Pure Growth", "S&P MidCap 400 Pure Value", "S&P MidCap 400 Pure Growth", "S&P SmallCap 600 Pure Value", and "S&P Small Cap 600 Pure Growth" are trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by Guggenheim Investments. Citigroup® is a registered trademark of Citigroup and/or its affiliates and has been licensed for use by S&P. The fund is not sponsored, endorsed, sold or promoted by S&P or Citigroup or their affiliates and neither S&P nor Citigroup or their affiliates make any representation, warranty or condition regarding the advisability of investing in the fund.

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

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