The Diversified Credit Portfolio of ETFs, Series 13 ("Trust") seeks to provide current income by investing in a diversified portfolio of fixed-income and preferred exchange-traded funds (“ETFs”).
|Wrap Fee Price||N/A|
|Remaining Deferred Sales Charge||$0.2250|
|Mandatory Maturity Date||8/17/2020|
|NASDAQ Ticker Symbol||CDCPMX|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.7750|
|Deferred Sales Charge Dates||
|Number of Holdings||15|
|Historical Annual Dividend Distribution||$0.3810|
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.
|Exchange Traded Fund||100.00%|
|Emerging Markets Bond||10.35%|
|High Yield Bond||10.00%|
|High Yield Muni||7.34%|
|Emerging-Markets Local-Currency Bond||5.14%|
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 exchange traded funds in the UIT. The total percentages may not be equal to 100% due to rounding.
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 will invest at least 80% of the value of its assets in shares of ETFs that invest substantially all of their assets in fixed-income securities of varying credit qualities and maturities. Such fixed-income securities may include municipal bonds.
The fixed-income and preferred ETFs included in the Trust’s portfolio invest in a wide range of debt and preferred securities rated below investment-grade through investment-grade. High-yield, below investment-grade securities or “junk” bonds are considered to be speculative and are subject to greater market and credit risks than investment-grade securities.
The fixed-income and preferred ETFs included in the Trust’s portfolio invest in debt and preferred securities with short-term, medium-term and long-term maturities. Typically, fixed-income securities with longer periods before maturity are more sensitive to interest rate changes.
The fixed-income and preferred ETFs included in the Trust’s portfolio may invest in foreign securities, including securities issued by companies headquartered or incorporated in countries considered to be emerging markets.
The Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC (“GPIM”), has selected a portfolio of ETFs believed to have the best potential for current income. When selecting the ETFs for the Trust, the Sponsor considers a number of factors including, but not limited to, the size, liquidity and daily trading volume, the current dividend yield, the strategy and investment objective, the securities held by the ETFs, the expense ratio and limitations on the overlap of the underlying securities held by the ETFs.
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 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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