Guggenheim Shipping ETF* (SEA) seeks investment results that correspond generally to the performance, before the fund’s fees and expenses, of the Dow Jones Global Shipping IndexSM. SEA will at all times invest at least 90% of its total assets in common stock, American depositary receipts (ADRs), global depositary receipts (GDRs) and master limited partnerships (MLPs) that comprise the index and the underlying stocks in respect to the ADRs and GDRs in the index.
The Dow Jones Global Shipping IndexSM seeks to measure the stock performance of high dividend-paying companies in the global shipping industry - primarily those that transport goods and materials. The index is weighted by float-adjusted market capitalization.
*Effective 7/27/11, the Index the Fund sought to replicate changed from Delta Global Shipping Index to the Dow Jones Global Shipping Index.
|Security Name||% of Net Assets|
|AP MOLLER - MAERSK A/S||18.80%|
|MITSUI OSK LINES LTD||7.91%|
|GOLAR LNG LTD||6.37%|
|SEMBCORP MARINE LTD||4.50%|
|COSCO SHIPPING PORTS LTD||4.37%|
|TEEKAY LNG PARTNERS LP||3.69%|
|GASLOG PARTNERS LP||3.59%|
|GOLAR LNG PARTNERS LP||3.55%|
|Fund Inception Date||6/11/2010|
|Distribution Schedule (if any)||Quarterly|
|Gross Expense Ratio||0.65%|
|Net Expense Ratio||0.65%|
|Index Name||Dow Jones Global Shipping Index|
|Investment Adviser||Guggenheim Funds Investment Advisors, LLC|
|Distributor||Guggenheim Funds Distributors, LLC|
|Change||($0.12) | -1.07%|
Dow Jones Global Shipping Index℠
The Dow Jones Global Shipping Index℠ measures the stock performance of high dividend-paying companies in the shipping industry. The Index universe includes all equity securities in the Dow Jones Indexes database that are involved in the shipping industry globally that primarily transport goods and materials. Companies solely involved in shipping passengers are excluded from the Index.
To be considered for inclusion in the Index, companies in the Index universe must pass the following screens.
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. Shipping Industry Risk: Due to the composition of the index, the fund will concentrate its investments in securities of companies in the shipping industry. Accordingly, the fund may be subject to more risks than if it were broadly diversified over numerous industries and sectors of the economy. Companies in the shipping industry are subject to volatile fluctuations in the price and supply of energy fuels, steel, raw materials, and other products transported by containerships. In addition, changes in seaborne transportation patterns, weather patterns, and events including hurricane activity, commodities prices, international politics and conflicts, port congestion, canal closures, embargoes, and labor strikes can significantly affect companies involved in the maritime shipping of crude oil, dry bulk and container cargo. Industrial Sector Risk: The stock prices of companies in this sector are affected by supply and demand both for their specific product or service and for industrial sector products in general. The products of manufacturing companies may face product obsolescence due to rapid technological developments and frequent new product introduction. Government regulation, world events, and economic conditions may affect the performance of companies in the industrial sector. Companies in this sector may be at risk for environmental damage and product liability claims. Energy Sector Risk: The profitability of companies in the energy sector is related to worldwide energy prices, exploration, and production spending. 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. Risks Related to Investing in Greece: Greece’s economy is heavily dependent on the services sector and has a large public sector. Key trading partners are member states of the EU, most notably Germany, Spain, Italy and the United Kingdom. Decreasing demand for Greek products and services or changes in governmental regulations on trade may have a significantly adverse effect on Greece’s economy. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely, which could limit its ability to borrow in the future. 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. Micro-Cap Company Risk: Micro-cap stocks involve substantially greater risks of loss and price fluctuations because their earnings and revenues tend to be less predictable (and some companies may be experiencing significant losses), and their share prices tend to be more volatile and their markets less liquid than companies with larger market capitalizations. MLP 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, 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.
© 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.