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Energy Innovation Portfolio Series 4

Trust Resources
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Investment Objective

The Energy Innovation Portfolio, Series 4 ("Trust") seeks to maximize total return through capital appreciation.

Principal Investment Strategy

Selection Criteria

Risks and Other Considerations

Portfolio Information

Daily Data

Offer Price $9.4576
Wrap Fee Price $9.2475
Liquidation Price $9.2475
Remaining Deferred Sales Charge $0.2250


Cash 40177T521
Reinvest 40177T539
Fee/Cash 40177T547
Fee/Reinvest 40177T554


Deposit Information

Inception Date 8/8/2023
Non-Reoffered Date 2/12/2024
Mandatory Maturity Date 8/8/2025
Ticker Symbol CGEIDX
Trust Structure Grantor
Inception Unit Price $10.0000
Inception Liquidation Price $9.7750
Deferred Sales Charge Dates Mar 2024
Apr 2024
May 2024
Term 2 Years
Number of Holdings 40

Historical Annual Dividend Distribution*

Per Unit $0.1807
Rate 1.91%
Rate Fee Based 1.95%

* 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.

Portfolio Holdings Analysis

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.

Fundamental Data

Weighted Average Price/Earnings (P/E) Ratio 14.88
Weighted Average Price/Book (P/B) Ratio 3.64
Weighted Average Market Cap (MM) $55,850.81

Market Cap & Style Breakdown

Value Growth Total
Large-Cap 41.26% 2.20% 43.47%
Mid-Cap 36.72% 5.37% 42.09%
Small-Cap 6.36% 8.09% 14.45%
Total 84.34% 15.66% 100.00%

Asset Class

US Common Stock 100.00%
Total 100.00%

Market Cap Breakdown

Style Breakdown

Sector & Industry Breakdown

Energy 40.78%
 Energy Equipment & Services 8.30%
 Oil Gas & Consumable Fuels 32.48%
Industrials 26.30%
 Building Products 2.41%
 Commercial Services & Supplies 4.94%
 Electrical Equipment 11.33%
 Machinery 5.09%
 Professional Services 2.52%
Utilities 21.17%
 Electric Utilities 12.04%
 Independent Power and Renewable Electricity Producers 4.27%
 Multi-Utilities 4.85%
Materials 9.48%
 Chemicals 7.15%
 Metals & Mining 2.33%
Consumer Staples 2.27%
 Food Products 2.27%
Total 100.00%

Country Breakdown

United States 100.00%
Total 100.00%

Regional Breakdown

North America 100.00%
Total 100.00%

Developed Status

Developed 100.00%
Total 100.00%

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

Under normal circumstances, the Trust will invest at least 80% of the value of its assets in innovative energy companies, as described below. Innovative companies are those that create new technologies or novel product solutions, which may create new growth opportunities. An innovative energy company is a company that derives at least 50% of its revenues or profits from evolving technologies in one or more the following areas: renewable energy; alternative fuels; natural gas & hydrogen; next generation hydrocarbons; emission control technologies; energy storage, maintenance & transmission; or electric vehicles infrastructure. The Trust will seek to invest in innovative energy companies that may be positioned to benefit from evolving technologies related to the production, storage and consumption of energy and may have the ability to improve productivity, improve efficiency, reduce carbon emissions or generate nontraditional sources of energy. Innovative energy companies can come from a variety of GICS sectors both within and outside of the traditional oil & gas space.

The Trust will invest in U.S.-listed common stocks, which may include the common stocks of U.S. and non-U.S. companies. The foreign securities that may be held by the Trust may include American Depositary Receipts (“ADRs”). The Trust may invest in securities of companies of any market capitalization. As a result of this strategy, the Trust is concentrated in the energy and industrials sectors and invests significantly in the utilities sector.

As of the date of deposit, this Trust will hold a significant amount of its assets in common stocks of U.S. and non-U.S. companies of small-, mid- and large-capitalizations.

Selection Criteria

The Sponsor selects securities of U.S.-traded companies that it believes are contributing to innovations with the way energy is produced, stored, and/or consumed. The Sponsor begins with a universe of securities consisting of all equities traded on an U.S. exchange. From that universe, the Sponsor identifies approximately 75-125 securities of companies that derive a large portion of their revenues or profits from the energy innovation space or will be increasing their exposure to this space in the coming years. The Sponsor selects these innovative companies by favoring companies that:

  • Are engaged in evolving practices for how energy is produced, stored and/or consumed
  • Earn returns on invested capital (ROIC) that is greater than their weighted average cost of capital (WACC). ROIC is calculated as a company’s net operating profit after taxes divided by total capital. WACC is the rate of return that the providers of a company’s capital require, weighted according to the proportion each element bears to the total pool of capital. Both ROIC and WACC will generally be measured for one year or more.
  • Invest in research and development and have capital expenditures to grow their product lines and production capacities
  • Grow their businesses organically from creating new products and services, rather than through acquisition

The Sponsor then reduces the universe of securities and selects the portfolio by following a disciplined process based on, but not limited to, the following factors:

  • Valuation. The Sponsor may screen for reasonably valued companies based on measures such as price-to-earnings, price-to-book and price-to-cash flow.
  • Growth. The Sponsor may screen for companies with a history of better than average growth of revenues, earnings and dividends (if applicable).
  • Profitability. The Sponsor may screen for companies with a history of consistent and high profitability as measured by return-on-assets, return-on equity, gross margin and net margin.
  • Liquidity. The Sponsor may screen for companies whose shares may not trade frequently enough to be able to be included in a portfolio.
  • Balance Sheet. The Sponsor favors companies that possess overall financial strength and exhibit balance sheet improvements relative to their peers and the marketplace.
  • Industry Leadership. The Sponsor favors companies that possess a strong competitive position among their domestic and global peers. Examples of a strong competitive position include, but are not limited to, possessing proprietary technology or processes, a brand strength, network effects, superior management or an absolute cost advantage.

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:

  • Securities prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the Trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Changes in legal, political, regulatory, tax and economic conditions may cause fluctuations in markets and securities prices, which could negatively impact the value of the Trust. Additionally, event such war, terrorism, natural and environmental disasters and the spread of infectious illnesses or other public health emergencies may adversely affect the economy, various markets and issuers. An outbreak of a novel form of coronavirus disease (“COVID-19”) was first detected in December 2019 and rapidly spread around the globe leading the World Health Organization to declare the COVID-19 outbreak a pandemic in March 2020 and resulting in major disruptions to economies and markets around the world. The complete economic impacts of COVID-19 are not yet fully known. The COVID-19 pandemic, or any future public health crisis, is impossible to predict and could result in adverse market conditions which may negatively impact the performance of the Trust and the Trust's ability to achieve its investment objectives. Units of the Trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
  • Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that share prices of the securities in the Trust will not decline and that the issuers of the securities will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
  • The Trust invests in innovative energy companies. Although the Trust’s investment strategy is designed to achieve the Trust’s investment objective, the strategy may not prove to be successful. The investment decisions may not produce the intended results and there is no guarantee that the investment objective will be achieved. Companies that are attempting to create new technologies or novel product solutions for the way energy is produced, stored and/or consumed may not in fact do so. Additionally, companies that initially develop a novel technology or solution may not be able to capitalize on it. Companies may face political or legal attacks from competitors, industry groups or local and national governments. The Trust may invest in a company that does not currently derive any revenue from innovative energy technologies or solutions, and there is no assurance that a company will derive any revenue from innovative energy technologies or solutions in the future. The innovative energy technology or solution may constitute a small portion of a company’s overall business. As a result, the success of an innovative energy technology or solution may not affect the value of the equity securities issued by the company.
  • The Trust is concentrated in the energy sector. As a result, the factors that impact the energy sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Companies in the energy sector are subject to volatile fluctuations in price and supply of energy fuels, and can be impacted by international politics and conflicts, including the unrest and hostilities in the Middle East, terrorist attacks, the success of exploration projects, reduced demand as a result of increases in energy efficiency and energy conservation, natural disasters, clean-up and litigation costs associated with environmental damage and extensive regulation.
  • The Trust is concentrated in the industrials sector. As a result, the factors that impact the industrials sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Industrials companies are affected by various factors, including the general state of the
    economy, exchange rates, commodity prices, intense competition, consolidation, domestic and
    international politics, government regulation, import controls, excess capacity, consumer demand and spending trends. In addition, industrials companies may also be significantly affected by overall capital spending levels, economic cycles, rapid technological changes, delays in modernization, labor relations, environmental liabilities, governmental and product liability and
    e-commerce initiatives. 
  • The Trust invests significantly in the utilities sector. As a result, the factors that impact the utilities sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Adverse developments in this sector may significantly affect the value of your units. Companies involved in the utilities sector must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
  • The Trust includes securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
  • The Trust invests in U.S.-listed foreign securities. The Trust’s investment in U.S.-listed foreign securities presents additional risk. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, foreign risk is the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation,
    limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards.
  • The Trust may be susceptible to potential risks through breaches in cybersecurity. A breach in cybersecurity refers to both intentional and unintentional events that may cause the Trust to lose proprietary information, suffer data corruption or lose operational capacity. Such events could cause the Sponsor of the Trust to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss. In addition, cybersecurity breaches of the Trust’s third-party service providers, or issuers in which the Trust invests, can also subject the Trust to many of the same risks associated with direct cybersecurity breaches.
  • The Trust is subject to risks arising from various operational factors and their service providers. Operational factors include, but not limited to, human error, processing and communication errors, errors of the Trust’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. Additionally, the Trust may be subject to the risk that a service provider may not be willing or able to perform their duties as required or contemplated by their agreements with the Trust. Although the Trust seeks to reduce these operational risks through controls and procedures, there is no way to completely protect against such risks.
  • Inflation may lead to a decrease in the value of assets or income from investments.
  • The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may, when creating additional units, continue to buy, the same securities even though a security’s outlook, market value or yield may have changed.

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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