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Defined GNMA Portfolio Series 15

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Investment Objective

The Trust seeks to provide current interest income and principal distributions.

Principal Investment Strategy

Selection Criteria

Risks and Other Considerations

Portfolio Information

Daily Data

Offer Price N/A
Wrap Fee Price N/A
Liquidation Price $1.29
Estimated Current Return (ECR) 0.01%
Estimated Long Term Return (ELTR) 0.02%
Estimated Current Return (Wrap Fee) N/A
Estimated Long Term Return (Wrap Fee) N/A
Accrued Interest $0.00
Principal Amount of Bonds* $1.16
Average Maturity 12.6 Years
Estimated Annual Income $0.0002

CUSIPs

Monthly-Cash 18384P193

 

Deposit Information

Inception Date 9/3/2003
Non-Reoffered Date 9/7/2004
Ticker Symbol CGNMCX
Trust Structure RIC
Inception Unit Price $10.53
Inception Liquidation Price $10.12
Deferred Sales Charge Dates --

Estimated Annual Income per Unit does take into account the impact of the sale of bonds to pay for the deferred sales charge. Estimated Annual Income per Unit is computed by dividing the estimated annual income of the underlying bonds by the number of units outstanding. The amount may be lower or greater than the above-stated amount due to certain factors that may include, but are not limited to, the selling of bonds to pay for the deferred sales charge, a change in Trust expenses or the sale or maturity of securities in the portfolio. Fees and expenses of the Trust may vary as a result of a variety of factors including the Trust's size, redemption activity, brokerage and other transaction costs and extraordinary expenses.

* Represents the principal amount of the underlying bonds and any cash held in the Trust and does not take into account the impact of the sale of bonds to pay the deferred sales charge or any expenses of the Trust. Bonds will be sold to pay the deferred sales charges, to meet redemptions, to pay expenses and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the Trust and the principal amount of bonds per unit. Units of the Trust, when redeemed or upon termination, may be worth more or less than their original cost and there can be no assurance that a unitholder will receive the principal amount of bonds at any particular point in time.

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 monthly distributions of interest income and principal by investing in a portfolio primarily consisting of fixed-rate mortgage-backed securities representing pools of mortgages on 1- to 4-family dwellings issued by the Government National Mortgage Association (known as "Ginnie Mae"). The Trust may also hold U.S. Treasury securities. The Sponsor generally considered the following factors, among other, in selecting the securities:

  • the types of Ginnie Mae securities available
  • the prices and yields of the securities relative to other comparable securities, including the extent to which the securities were trading at a premium or discount from their principal value
  • the maturities of the securities

Ginnie Mae was created in 1968 as a government-owned corporation within the United States Department of Housing and Urban Development. The securities in the portfolio are backed by the full faith and credit of the U.S. government. This means that Ginnie Mae guarantees that the principal and interest will be paid on the securities, however, Ginnie Mae does not guarantee price or yield on the securities. The units in the trust are not guaranteed by Ginnie Mae or the U.S. government in any way.

Selection Criteria

Risks and Other Considerations

As with all investments, you can lose money by investing in this trust. The Trust also might not perform as well as you expect. This can happen for reasons such as these:

  • Security prices will fluctuate. The value of your investment may fall over time.
  • The Sponsor does not actively manage the portfolio. The Trust will generally hold, and continue to buy, the securities even if the market value declines.
  • The value of the securities will generally fall if interest rates, in general, rise. No one can predict whether interest rates will rise or fall in the future.
  • Since mortgage-backed securities represent an interest in mortgage loans made to finance purchases of homes, the Trust will receive scheduled principal payments each month during its life and it is also likely that the Trust will receive unscheduled prepayments of principal prior to a security‚Äôs scheduled maturity date. As a result, you might not be able to reinvest these principal payments and prepayments in other investments with the same return as the Trust. In addition, the Trust will not retain its present size and composition.
  • The Trust could terminate earlier than anticipated due to unscheduled principal prepayments on the underlying loans.
  • While the interest and principal payments are backed by the full faith and credit of the U.S. government, neither the units in the Trust nor the market value of the securities are guaranteed.

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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