Guggenheim Shipping ETF

NAV $10.70
Change ($0.16) / -1.47%
As of 3/22/18

Market Close $10.65
Change ($0.20) / -1.84%
As of 3/22/18


Tax Information

Ordinary dividends, long-term capital gains, return of capital, foreign taxes and tax-exempt income figures are a percentage of the total distribution.

1 Reported on Form 1099-DIV in box 1a; shows the percentage of total distributions designated as ordinary dividends.

2 Reported on Form 1099-DIV in box 2a; shows the percentage of total distributions designated as long-term capital gain distributions.

3 Reported on Form 1099-DIV in box 3; portion of total distribution that is nontaxable (i.e. return of capital basis).

4 Percentage of the total distribution that is exempt from federal income tax (i.e. municipal securities).

5 Reported on Form 1099-DIV in box 1b; the percentage of total ordinary dividends that may be eligible for the 15% or 5% long-term capital gains rates.

6 Percentage of total ordinary dividends that may be eligible for the corporate dividends received deduction.

7 Percentage of total ordinary dividends from direct U.S. government obligations.

8 Represents the percentage of tax-exempt income that is subject to the AMT calculation.

9 For non-resident alien shareholders the percentage of ordinary dividends that are considered exempt interest dividends paid during the calendar year as allowed under Internal Revenue Code Section 871(k)(1).

10 For non-resident alien shareholders the percentage of ordinary dividends that are considered short-term capital gain dividends paid during the calendar year as allowed under Internal Revenue Code Section 871(k)(2).

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

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