The Guggenheim BulletShares® 2011-2017 Corporate Bond Ladder Portfolio of ETFs, Series 2 ("Trust") seeks to provide current income by investing in a portfolio of exchange-traded funds (“ETFs”) that hold fixed-income securities.
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.
This information does not constitute an offer to sell or a solicitation of any offer to buy: nor shall there be any sale of these securities in any state where the offer, solicitation, or sale is not permitted.
Principal Investment Strategy
Under normal circumstances, the Trust will invest at least 80% of the value of its assets in shares of ETFs that principally invest in investment-grade corporate bonds which have scheduled maturities from 2011 through 2017. The ETFs in which the Trust invests are Sponsored by or affiliated with Guggenheim Funds, the Sponsor of the Trust. The ETFs held by the Trust invest substantially all of their assets in investment-grade corporate bonds and have scheduled maturities from 2011 through 2017. Each ETF will hold bonds with effective maturities for the same year as the ETF is scheduled to mature. The effective maturity of an eligible corporate bond is determined by its actual maturity or, in the case of callable securities, its redemption provisions.
By investing in a portfolio of corporate bond ETFs that have a scheduled maturity, the Trust may provide unitholders with diversification across different issuers and relatively low overall duration exposure. As each ETF matures and returns its net assets to the shareholders of such fund, the proceeds will be distributed to unitholders of the Trust. This approach may allow unitholders to take advantage of changing market conditions at the time of the distribution in order to meet their investment goals. The ETFs held by the Trust are affiliated funds of the Sponsor and the Sponsor’s affiliate will receive management fees from the funds held in the Trust. An investment can be made in the ETFs held by the Trust without paying the sales fee, operating expenses and organization costs of the Trust.
When selecting the ETFs for the Trust, the Sponsor begins with a universe consisting of ETFs affiliated with Guggenheim Funds. From this starting universe of ETFs, the Sponsor has selected ETFs holding investment-grade corporate bonds that have scheduled maturities from 2011 through 2017 to create a laddered bond ETF portfolio. The Trust will initially consist of a portfolio with an approximately equal weighting in each of the BulletShares® ETF bonds funds that are currently trading on the New York Stock Exchange on the initial date of deposit (the “Inception Date”). Except for the different maturity dates of the underlying corporate bonds, each of the ETFs utilizes a similar investment methodology. This may provide unitholders with a consistent management style approach while gaining exposure to a range of different maturities in the investment-grade, corporate bond ETF space.
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:
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.
Investing involves risk, including the possible loss of principal.
Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.
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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.