The Core Four 60/40 Allocation Portfolio, Series 23 ("Trust") seeks current income as the primary objective, with the potential for capital appreciation as a secondary objective.
|Wrap Fee Price||$9.9954|
|Remaining Deferred Sales Charge||$0.1350|
|Mandatory Maturity Date||8/19/2024|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.8650|
|Deferred Sales Charge Dates||
|Number of Holdings||88|
|Rate Fee Based||3.02%|
* The Historical Annual Dividend Distribution (HADD) per unit is as of the day prior to trust deposit and subject to change. The HADD per unit is the weighted average of the trailing twelve-month distributions paid by the securities included in the portfolio. The HADD rate is based on the HADD divided by the current offer price and recalculated daily. Both the HADD per unit and the rate shown are reduced to account for the effects of fees and expenses, which will be incurred when investing in the Trust. The HADD per unit and rate will vary due to certain factors that may include, but are not limited to, a change in the dividends paid by issuers, a change in Trust expenses or the sale or maturity of securities in the portfolio. There is no guarantee the issuers of the securities included in the Trust will declare dividends or distributions in the future. The HADD of the securities included in the Trust is for illustrative purposes only and is not indicative of the Trust’s distribution. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of, or cancel entirely, dividends and/or distributions paid in the future. As a result, the HADD figure will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust.
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||31.32|
|Weighted Average Price/Book (P/B) Ratio||10.75|
|Weighted Average Market Cap (MM)||$173,912.57|
|US Common Stock||57.82%|
|High Yield Bond||3.96%|
|High Yield Muni||1.98%|
|Emerging-Markets Local-Currency Bond||1.97%|
|Health Care Equipment & Supplies||0.61%|
|Health Care Providers & Services||0.71%|
|Air Freight & Logistics||0.68%|
|Commercial Services & Supplies||0.64%|
|Trading Companies & Distributors||0.69%|
|Semiconductors & Semiconductor Equipment||2.85%|
|Technology Hardware Storage & Peripherals||0.70%|
|Health Care REITs||0.68%|
|Consumer Staples Distribution & Retail||1.10%|
|Containers & Packaging||1.32%|
|Diversified Consumer Services||0.64%|
|Textiles Apparel & Luxury Goods||0.63%|
|Oil Gas & Consumable Fuels||2.74%|
|Interactive Media & Services||0.66%|
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
The Trust seeks to provide current income with the potential for capital appreciation by primarily investing in dividend-paying stocks of U.S.-listed companies along with shares of exchange-traded funds (“ETFs”) that invest substantially all of their assets in fixed-income securities.
The Trust is comprised of four sleeves, each with a unique strategy to address the needs or concerns of individuals near or in retirement: i) income, ii) growth of income, iii) stability of principal, and iv) capital appreciation. As of the security selection date, the Trust portfolio is constructed with an asset allocation of 60% equity securities and 40% ETFs substantially invested in fixed income securities.
The Sponsor has selected the securities to be included in the Trust’s portfolio. The U.S.-listed common stocks held by the Trust may include the common stocks of U.S. and non-U.S. companies of small-, mid- or large-capitalizations. Such securities may be issued by companies located in emerging markets. Certain of the common stocks included in the Trust portfolio are issued by real estate investment Trusts (“REITs”).
The fixed-income ETFs included in the portfolio invest in debt securities rated investment-grade through below investment-grade or may be unrated but deemed to be of comparable quality by an ETF’s adviser. The debt securities may include, but are not limited to, corporate bonds, senior loans, mortgage-backed securities and municipal bonds. High-yield, below investment-grade securities or “junk” bonds are considered to be primarily speculative with respect to the issuer’s ability to make principal and interest payments and may be more volatile than higher rated securities of similar maturity. Additionally, they are subject to greater market, credit and liquidity risks than investment-grade securities. Additionally, the fixed-income ETFs may invest in debt securities with any maturity term. The fixed-income ETFs included in the portfolio may also invest in debt securities issued by foreign companies, including companies located in emerging markets.
Higher-Yielding Income Sleeve
Approximately 30% of the Trust portfolio will constitute securities that seek to deliver an above average income stream. The Sponsor will select higher dividend-yielding, U.S.-listed equity securities (approximately 20% of the Trust portfolio) and higher yielding fixed income asset classes accessed through ETFs (approximately 10% of the Trust portfolio).
Equity Income Security Selection:
Fixed Income ETF Security Selection:
The Sponsor focuses on macro and sector views when selecting ETFs that it believes hold higher yielding fixed income asset classes. The Sponsor selects ETFs based upon criteria including, but not limited to:
Initial individual ETF weightings will range between approximately 2% and 5% of the Trust portfolio.
Dividend Growth Sleeve
Approximately 20% of the Trust portfolio will hold U.S.-listed equity companies that have shown the historical ability and willingness to increase their dividend distributions annually for a minimum number of years, described below.
If the selected stocks violate the sector constraint, the lowest scoring security will be removed and replaced by the next security with the highest combined score. This substitution process will be repeated, if necessary, until the constraint is met.
Principal Stability Sleeve
Approximately 30% of the Trust portfolio seeks to reduce potential volatility of the overall portfolio by investing in ETFs that hold at least 80% of their portfolios in investment grade fixed-income securities. The Sponsor focuses on macro and sector views when selecting these ETFs. The Sponsor selects ETFs based upon criteria including, but not limited to:
Initial individual ETF weightings will range between 2% and 10% of the Trust portfolio.
Capital Appreciation Sleeve
Approximately 20% of the Trust portfolio seeks to provide growth of principal by investing in large-cap, U.S.-listed growth companies.
Securities in the final portfolio will be cross-referenced against other sleeves to ensure no security overlap.
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.
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 Partners Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Fund Management (Europe) Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.
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