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European High Dividend Portfolio Series 8

Trust Resources
Prospectus
secondary

Investment Objective

The European High Dividend Portfolio, Series 8 ("Trust") seeks to provide total return through capital appreciation and dividend income.

Principal Investment Strategy

Selection Criteria

Risks and Other Considerations

Portfolio Information

Daily Data

Offer Price N/A
Wrap Fee Price N/A
Liquidation Price $9.4964
Remaining Deferred Sales Charge $0.0000

CUSIPs

Monthly-Cash 40172V521
Monthly-Reinvest 40172V539
Monthly-Fee/Cash 40172V547
Monthly-Fee/Reinvest 40172V554

 

Deposit Information

Inception Date 6/21/2017
Non-Reoffered Date 9/21/2017
Mandatory Maturity Date 6/21/2019
NASDAQ Ticker Symbol CEUHHX
Trust Structure RIC
Inception Unit Price $10.0000
Inception Liquidation Price $9.7750
Deferred Sales Charge Dates Jan 2018
Feb 2018
Mar 2018
Term 2 Years
Number of Holdings 30
Historical Annual Dividend Distribution $0.3581

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 13.58
Weighted Average Price/Book (P/B) Ratio 2.81
Weighted Average Market Cap (MM) $47,463.75

Market Cap & Style Breakdown

Value Growth N/A Total
Large-Cap 56.46% 15.73% -- 72.19%
Mid-Cap 9.46% 8.46% -- 17.92%
Small-Cap 1.12% 5.02% -- 6.13%
N/A -- -- 3.76% 3.76%
Total 67.04% 29.20% 3.76% 100.00%

Asset Class

Non US Common Stock 93.87%
REIT 3.93%
Unit 2.20%
Total 100.00%

Market Cap Breakdown

Style Breakdown

Sector & Industry Breakdown

Financials 26.81%
 Banks 2.43%
 Capital Markets 2.98%
 Insurance 21.39%
Materials 15.43%
 Chemicals 2.67%
 Metals & Mining 8.76%
 Paper & Forest Products 4.00%
Health Care 10.70%
 Pharmaceuticals 10.70%
Utilities 9.70%
 Electric Utilities 2.87%
 Multi-Utilities 6.83%
Consumer Discretionary 8.77%
 Automobiles 5.61%
 Hotels Restaurants & Leisure 3.15%
Consumer Staples 8.44%
 Food Products 6.49%
 Tobacco 1.95%
Real Estate 6.13%
 Equity Real Estate Investment Trusts (REITs) 6.13%
Industrials 5.50%
 Aerospace & Defense 2.50%
 Air Freight & Logistics 3.01%
Communication Services 5.02%
 Diversified Telecommunication Services 3.28%
 Media 1.75%
Energy 3.50%
 Oil Gas & Consumable Fuels 3.50%
Total 100.00%

Country Breakdown

United Kingdom 23.84%
Germany 18.97%
Switzerland 10.55%
France 10.25%
Italy 6.85%
Norway 6.49%
Netherlands 4.63%
Denmark 4.03%
Sweden 4.00%
Luxembourg 3.76%
Spain 3.50%
Finland 3.15%
Total 100.00%

Regional Breakdown

West Europe 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 invests at least 80% of the value of its assets in dividend-paying common stocks of European companies. The strategy will invest in a portfolio of companies that are included in the Russell Developed Europe Index, that distribute significant dividends and that have attractive dividend payout ratios that the Sponsor believes are sustainable. The Sponsor believes that companies that distribute significant dividends on a consistent basis generally demonstrate strong financial strength and positive performance relative to their peers. As a result of this strategy, the Trust is concentrated in the financials sector and invests significantly in the consumer products sector.

Selection Criteria

The Trust’s portfolio is selected by the Sponsor using the methodology described below:

Begin with a starting universe composed of all the securities in the Russell Developed Europe Index. If a company has multiple classes of equity securities in the universe, then remove all but the most liquid class. If a security has a U.S.-traded American Depositary Receipt (“ADR”) available that meets the minimum trading volume specified below, then replace the foreign security with its ADR equivalent.

The Sponsor then excludes securities that do not have a market capitalization of at least $500 million USD and that do not have at least $0.5 million USD of median daily trading volume over the past 90 days. The Trust may invest in common stocks of companies that have small-, mid- and large-capitalizations. The Trust may also invest in Real Estate Investment Trusts.

The Sponsor then reduces the universe by selecting companies, which may be primarily based on, but not limited to, the following factors:

  • Dividend Yield – the Sponsor prefers higher dividend yields and excludes all non-dividend paying companies;
  • Payout Ratio – the Sponsor prefers securities with lower dividend payout ratios;
  • Valuation – the Sponsor prefers securities trading at cheaper valuations as measured by enterprise value to earnings before interest and taxes (EV/EBIT);
  • Profitability – the Sponsor prefers companies with higher return on assets;
  • Growth – the Sponsor prefers companies with higher sales growth;
  • Momentum – the Sponsor avoids securities that have the worst trailing returns; and
  • Volatility – the Sponsor prefers companies with lower price volatility.

No security will represent more than 5% of the portfolio as of the initial date of deposit (the “Inception Date”). The portfolio, as of the security selection date, has total country weights and total sector weights similar to those in the Russell Developed Europe Index.

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.

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. 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.
  • The Trust is concentrated in the financial sector. As a result, the factors that impact the financial sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Companies in the financial sector include banks, insurance companies and investment firms. The profitability of companies in the financial sector is largely dependent upon the availability and cost of capital which may fluctuate significantly in response to changes in interest rates and general economic developments. Financial sector companies are especially subject to the adverse effects of economic recession, decreases in the availability of capital, volatile interest rates, portfolio concentrations in geographic markets and in commercial and residential real estate loans, and competition from new entrants in their fields of business.
  • The Trust invests significantly in the consumer products sector. As a result, the factors that impact the consumer products sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. General risks of companies in the consumer products sector include cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, product liability litigation and increased government regulation. A weak economy and its effect on consumer spending would adversely affect companies in the consumer products sector.
  • The Trust invests in foreign securities listed on a foreign exchange, a U.S.- listed foreign security and ADRs. The Trust’s investment in foreign securities listed on a foreign exchange, a U.S.- listed foreign security and ADRs presents additional risk. ADRs are issued by a bank or Trust company to evidence ownership of underlying securities issued by foreign corporations. 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 includes securities whose value may be dependent on currency exchange rates. The U.S. dollar value of these securities may vary with fluctuations in foreign exchange rates. Most foreign currencies have fluctuated widely in value against the U.S. dollar for various economic and political reasons such as the activity level of large international commercial banks, various central banks, speculators, hedge funds and other buyers and sellers of foreign currencies.
  • The Trust is concentrated in securities issued by European companies. As a result, political, economic or social developments in Europe may have a significant impact on the securities included in the Trust. Furthermore, the European sovereign debt crisis and the related austerity measures in certain countries have had, and continue to have, a significant negative impact on the economies of certain European countries and their future economic outlooks.
  • The Trust is concentrated in securities issued by companies headquartered in the United Kingdom. As a result, political, economic or social developments in the United Kingdom may have a significant impact on the securities included in the Trust.

    Additionally, the effect of the June 2016 United Kingdom referendum to leave the European Union (“EU”) is still developing. The referendum has resulted in depreciation in the value of the British pound, short term declines in the stock markets and ongoing economic and political uncertainty. The United Kingdom’s withdrawal from the EU may take an extended period, and there is considerable uncertainty about the potential trade, economic and market consequences of the exit.
  • The Trust invests in securities issued by mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. Mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
  • 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.
  • 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 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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