The Zacks Income Advantage Strategy Portfolio, Series 52 ("Trust") seeks to provide current income with the potential for capital appreciation.
|Wrap Fee Price||$9.8065|
|Remaining Deferred Sales Charge||$0.1350|
|Mandatory Maturity Date||1/10/2022|
|NASDAQ Ticker Symbol||CCZIBX|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.8650|
|Deferred Sales Charge Dates||
|Number of Holdings||100|
|Rate Fee Based||7.93%|
* 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 Leverage Ratio**||2.31%|
** The Total value of the fund’s outstanding leverage presented as a percentage of total assets.
Example: Percentage of Total Assets represented by leverage.(e.g., Total Assets = $200M; Net Assets = $160M; Leverage = $40M. Leverage = 20%, calculated by dividing $40M by $200M.)
|Weighted Average Price/Earnings (P/E) Ratio||21.71|
|Weighted Average Price/Book (P/B) Ratio||1.91|
|Weighted Average Market Cap (MM)||$32,638.20|
|US Common Stock||46.85%|
|Non US Common Stock||6.03%|
|Oil Gas & Consumable Fuels||30.28%|
|Diversified Financial Services||0.79%|
|Mortgage Real Estate Investment Trusts (REITs)||4.30%|
|Equity Real Estate Investment Trusts (REITs)||14.58%|
|Independent Power and Renewable Electricity Producers||0.36%|
|Diversified Telecommunication Services||2.75%|
|Containers & Packaging||0.90%|
|Metals & Mining||0.81%|
|Technology Hardware Storage & Peripherals||0.91%|
|Trust Weighted Average||-13.55%|
|Closed-End Fund ("CEF") Universe Average||-8.48%|
* Closed-end funds may trade at a premium or discount to their net asset value (“NAV”). The Premium/Discount shown is for the underlying securities held by the closed-end funds in the UIT. This is the weighted average of all the CEFs in portfolio.
Premium/Discount and Holdings Analysis data is provided by Morningstar Traded Fund Center. Data is subject to change on a nightly basis. The data is for the underlying securities held by the closed-end funds in the UIT. 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.
The Closed-End Fund (“CEF”) Universe is comprised of all CEFs currently listed on U.S. exchanges.
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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 Zacks Income Advantage Strategy utilizes a quantitative selection process developed by Zacks Investment Management (“ZIM”) to determine the constituents of a final portfolio. The screening process to determine the actual investment portfolio of the Trust was executed on September 23, 2020 (the “Security Selection Date”). As a result of this strategy, the Trust is concentrated in the energy sector and invests significantly in the financials sector.
The Trust is split into five different asset segments: master limited partnerships or foreign limited partnerships that are taxed like master limited partnerships (together, “MLPs”), real estate investment Trusts (“REITs”), stocks of oil and energy companies that, according to their most recent Form 10-K filing with the Securities and Exchange Commission, derive the largest percentage of their total revenues from the oil and energy sector (“Oil & Energy Companies”), closed-end investment companies (“Closed-End Funds”), and high-yielding common stocks/American Depositary Receipts (“ADRs”). Examples of industries that fall into the oil and energy sector are: oil exploration, oil production, integrated oil services and oil drilling. Certain of the Closed-End Funds selected for the Trust may invest in high-yield or “junk” securities. The Trust, and certain Closed-End Funds held by the Trust, may invest in securities of companies with all market capitalizations. In addition, the Trust, and certain Closed-End Funds held by the Trust, may invest in domestic and foreign companies, which may include companies located in emerging markets. The methodology of each asset segment is as follows as of Security Selection Date:
The security selection process begins by identifying an initial universe of all securities that trade on at least one public North American securities exchange as of the Security Selection Date. These securities include only Closed-End Funds, common stocks, ADRs, MLPs and REITs. From this initial universe, the Trust portfolio is compiled using factors designed to identify securities in each segment below that meet certain investment criteria.
The MLP portion of the Trust’s portfolio is reduced to 15 MLPs based on the following preset quantitative investment criteria:
Common Stock/ADR Segment
The Common Stock/ADR portion of the Trust’s portfolio is reduced to 40 securities based on the following pre-set quantitative investment criteria:
The REIT portion of the Trust’s portfolio is reduced to 20 REITs based on the following pre-set quantitative investment criteria:
Oil & Energy Companies Segment
The Oil & Energy Companies portion of the Trust’s portfolio is reduced to 10 stocks based on the following pre-set quantitative investment criteria:
Closed-End Fund Segment
The Closed-End Fund portion of the Trust’s portfolio is reduced to 15 Closed-End Funds based on the following pre-set quantitative investment criteria:
Final Portfolio Construction
The five asset segments are combined to form the total portfolio. A final liquidity check is performed to ensure investability and portfolio capacity. Any security eligible for inclusion in the Trust portfolio with liquidity of less than the estimated total dollar value of the security as of the Security Selection Date will be removed from the Trust portfolio and replaced by the next highest ranked security in the same asset segment. Individual securities are capped at a maximum weighting of 4%.
In the event that a security that has a pending cash or stock merger and acquisition or bankruptcy which will lead to delisting the security is chosen, that security will be removed and the next security in the list will be selected for inclusion in the portfolio. Such events will be determined by reviewing the announced merger and acquisition data from Bloomberg and if the announced date falls before the Security Selection Date, an announcement of an agreement to be acquired in whole for cash or stock from an acquiring company or bankruptcy filing will cause removal.
In the event that a non-MLP security is selected which is not treated as a corporation for U.S. tax purposes, that non-MLP security will be removed and the next security in the list will be selected for inclusion in the portfolio.
Please note that due to the fluctuating nature of security prices, the weighting of an individual security or sector in the Trust portfolio may change after the Security Selection Date.
Zacks Investment Management
Zacks Investment Management, founded in 1992 as a wholly owned subsidiary of Zacks Investment Research, one of the largest providers of independent research in the U.S. ZIM has over $3.5 billion in assets under management for retail and institutional clients in separately managed accounts that employ proprietary quantitative models and three mutual funds which it markets through its wholesale division. ZIM manages equity and fixed income portfolios for clients using a unique combination of Zacks independent research and Zacks proprietary quantitative models. The Trust will pay a portfolio consulting fee to ZIM for its assistance in the selection of the Trust portfolio.
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 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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