The US Low Volatility Strategy Portfolio, Series 17, ("Trust") seeks to provide total return that is comprised of current income and capital appreciation.
|Wrap Fee Price||$10.015000|
|Remaining Deferred Sales Charge||$0.145000|
|Mandatory Maturity Date||2/1/2018|
|NASDAQ Ticker Symbol||CULOQX|
|Inception Unit Price||$10.000000|
|Inception Bid Price||$9.900000|
|Inception Liquidation Price||$9.755000|
|Deferred Sales Charge Dates||
|Number of Holdings||30|
|Historical Annual Dividend Distribution||$0.210900|
All data is subject to change daily. Data may differ from the prospectus due to different data sources or market changes. Please refer to prospectus for additional information about the trust including the portfolio section criteria. Source: FactSet Research Systems Inc. unless otherwise noted. The total percentages may not be equal to 100% due to rounding. N/A indicates that certain securities have not been identified and/or classified by the data provider. A unit is a combination of securities or types of securities traded together.
|Weighted Average Price/Earnings (P/E) Ratio||24.43|
|Weighted Average Price/Book (P/B) Ratio||8.21|
|Weighted Average Market Cap (MM)||$83,650.02|
|US Common Stock||96.75%|
|Aerospace & Defense||7.07%|
|Air Freight & Logistics||7.10%|
|Commercial Services & Supplies||7.00%|
|Diversified Financial Services||3.77%|
|Health Care Equipment & Supplies||9.35%|
|Diversified Telecommunication Services||3.51%|
|Equity Real Estate Investment Trusts (REITs)||3.24%|
Past performance is no guarantee of future results. Investment returns and principal value will fluctuate with changes in market conditions. Investors' units, when redeemed, may be worth more or less than their original cost.
Principal Investment Strategy
Under normal circumstances, the Trust invests at least 80% of the value of its assets in common stocks of U.S. companies that the Sponsor believes are lower volatility securities from the S&P 500 Index. The Trust applies a series of screens to determine the final portfolio, including measuring the volatility of a security by using the standard deviation of daily returns for the previous trailing year for such a security and selecting the securities with the lowest volatility. The Trust seeks total returns that may exceed the S&P 500 Index’s market level in certain risk-adjusted return metrics. The Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC (“GPIM”), an affiliate of Guggenheim Partners, LLC, has selected the securities to be included in the Trust’s portfolio. As a result of this strategy, the Trust invests significantly in the consumer products sector and the industrials sector.
The Trust’s portfolio was constructed and the securities were selected seven business days prior to the Trust’s initial date of deposit (the “Security Selection Date”) using the Security Selection Rules outlined below.
Security Selection Rules:
In constructing the Trust’s portfolio, securities were selected based on the following rules-based criteria.
1. Initial Universe: Start with all securities included in the S&P 1500 Composite Index as of the Security Selection Date. Note that while the final selection step will only include S&P 500 Index names, this broad universe of large, mid, and small cap stocks is used for fundamental ranks in step 2.
2. Rank on Fundamentals: Rank every company identified in the initial universe against other companies in the same sector, as defined by Global Industry Classification Standard, along each of the following reported financial metrics. Each ranking is determined as of the Security Selection Date using the most recently reported information and uses a scale of 1 through 10 (1 representing the highest scoring 10% in the sector and 10 representing the lowest scoring 10% in the sector):
3. Define Sub-Universe:Reduce the initial universe of securities to a sub-universe that meets the following requirements, with each requirement being applied independently to the initial universe from the other requirements in this step, as of the Security Selection Date:
4. Selection: Select from the sub-universe the 30 securities with the lowest volatility, as measured by standard deviation of daily returns as sourced from FactSet for the previous trailing year, and equally weight these securities as of Security Selection Date. Selected securities must adhere to the following portfolio limits:
Once any of the investment limitations has been reached, additional securities of that kind will not be included in the Trust and the next lowest volatility security will be used.
Please note that due to the fluctuating nature of security prices, the weighting of an individual security, sector or industry in the Trust portfolio may change after the Security Selection Date.
INDEX DEFINITIONS: The S&P Composite 1500 Index combines three leading indices - S&P 500, S&P MidCap 400 and S&P SmallCap 600 - to form an investable benchmark of the U.S. equity market. Covering approximately 85% of the U.S. market capitalization, S&P Composite 1500 offers investors an index with the familiar characteristics of the S&P 500 but with broader market exposure. Indexes are unmanaged and it is not possible to invest directly in an index.
Risks and Other Considerations
As with all investments, you may lose some or all of your investment in the Trust. No assurance can be given that the Trust’s investment objective will be achieved. The Trust also might not perform as well as you expect. This can happen for reasons such as these:
See “Investment Risks” in Part A of the prospectus and “Risk Factors” in Part B of the prospectus for additional information.
Please see the Trust prospectus for more complete risk information.
Unit Investment Trusts are fixed, not actively managed and should be considered as part of a long-term strategy. Investors should consider their ability to invest in successive portfolios, if available, at the applicable sales charge. UITs are subject to annual fund operating expenses in addition to the sales charge. Investors should consult an attorney or tax advisor regarding tax consequences associated with an investment from one series to the next, if available, and with the purchase or sale of units. Guggenheim Funds Distributors, LLC does not offer tax advice.
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.
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.
© 2016 Guggenheim Investments. All Rights Reserved.
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