Guggenheim Shipping ETF

NAV $11.18
Change $0.12 / 1.08%
As of 2/23/18

Market Close $11.05
Change ($0.12) / -1.07%
As of 2/22/18

Investment Objective

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.

Index Description

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.

Fund Highlights

  • Offers potential to benefit from global commerce growth through exposure to the global shipping industry - oftentimes a leading indicator for global commerce and economic trends.
  • May provide enhanced dividend yield, as well as potential income stream.

*Effective 7/27/11, the Index the Fund sought to replicate changed from Delta Global Shipping Index to the Dow Jones Global Shipping Index.

Top Fund Holdings

Security Name % of Net Assets

Fund Profile

Fund Ticker SEA
Exchange NYSE Arca
iNAV Ticker SEA.IV
CUSIP 18383Q796
Fund Inception Date 6/11/2010
Distribution Schedule (if any) Quarterly
Gross Expense Ratio 0.65%
Net Expense Ratio 0.65%
Fiscal Year-End 5/31
Index Ticker DJGSH
Index Name Dow Jones Global Shipping Index
Volume 51,199
Shares Outstanding 9,100,000
Total Assets $101,738,939
Investment Adviser Guggenheim Funds Investment Advisors, LLC
Distributor Guggenheim Funds Distributors, LLC

Net Asset Value (NAV)

NAV $11.18
Change $0.12 | 1.08%
52-Week High $12.58
52-Week Low $11.05

Market Close

Closing Price $11.05
Change ($0.12) | -1.07%
52-Week High $12.65
52-Week Low $11.06
Bid/Ask Midpoint $11.06
Premium/Discount -1.07%

Fund Characteristics

Number of Securities 26
Price to Earning (P/E) 13.27
Price to Book (P/B) 0.85

Fund Statistics

Beta 1.09
Standard Deviation 17.92

Current Distribution

Ex-Date 12/26/17
Record Date 12/27/17
Payable Date 12/29/17
Distribution per Share $0.237500

Index Methodology

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.

Index Construction

To be considered for inclusion in the Index, companies in the Index universe must pass the following screens.

  • Stocks must have a minimum float-adjusted market capitalization of $150 million and minimum three-month average daily trading volume of $2 million.
  • Stocks are ranked from highest to lowest according to their most recent distribution, which is annualized and divided by the current share price.

    The 25 highest-ranked stocks are selected for the Index, subject to the following buffers that aim to limit Index turnover by favoring current components:
  • Any component stock ranked 30 or lower is replaced by the highest ranked noncomponent.
  • Any noncomponent stock ranked 20 or higher replaces the lowest ranked current Index component.

    The Index is weighted by float-adjusted market capitalization. The weights of individual components are capped at 20%. Additionally, the aggregate weight of components with individual weightings of 4.5% or more is restricted to 45%.

    The Index composition is reconstituted and rebalanced annually in June. The Index is reviewed on an ongoing basis for unusual events such as delistings, bankruptcies, mergers and takeovers. Changes to Index composition and related weight adjustments are made as soon as they are effective. These changes are typically announced two business days prior to the implementation date. Selection lists are provided monthly based on end-of-month data.

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.

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