The Income & Treasury Portfolio of Funds, Series 81 ("Trust") seeks to provide current income and, as a secondary objective, the potential for capital appreciation.
Offer Price | $10.0492 |
Wrap Fee Price | $9.9133 |
Liquidation Price | $9.9133 |
Remaining Deferred Sales Charge | $0.1350 |
Cash | 40178C220 |
Reinvest | 40178C238 |
Fee/Cash | 40178C246 |
Fee/Reinvest | 40178C253 |
Per Unit | $0.7953 |
Rate | 7.91% |
Rate Fee Based | 8.02% |
* The Historical Annual Dividend Distribution (HADD) is as of the day prior to trust deposit and subject to change. 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 rate. The HADD is the weighted average of the trailing twelve-month distributions paid by the securities included in the portfolio and is reduced to account for the effects of fees and expenses, which will be incurred when investing in the Trust. The HADD 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.
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.
Closed-End Fund | 80.36% |
Exchange Traded Fund | 19.64% |
Total | 100.00% |
Weighted Average Leverage Ratio** | 22.48% |
** 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.)
Trust Weighted Average | 0.68% |
Closed-End Fund ("CEF") Universe Average | -3.87% |
High (10/9/24) | 0.68% |
Low (9/12/24) | -1.02% |
Average | -0.40% |
* 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.
Investment Grade | 26.97% |
Senior Loans | 26.46% |
Preferreds | 9.18% |
Limited Duration | 6.47% |
Multi-Sector | 6.27% |
Global Income | 5.02% |
Total | 80.36% |
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.
Short Government | 19.64% |
Total | 19.64% |
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.
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 StrategyUnder normal circumstances, the trust will invest at least 80% of the value of its assets in a combination of common shares of closed-end investment companies (“Closed-End Funds”) that invest substantially all of their assets in various income-oriented securities of different asset classes and shares of an index tracking exchange-traded fund (“ETF”) that invests substantially all of its assets in short-term U.S. Treasury bonds. The sponsor selects certain Closed-End Funds for the trust that hold limited duration securities. In general, limited duration fixed-income securities may provide investors with lower interest rate sensitivity than longer duration securities. The duration of a bond is a measure of its price sensitivity to changes in interest rates based on the dollar weighted average term to maturity of its interest and principal cash flows. The sponsor seeks to select Closed-End Funds that hold securities that have limited durations, which for the trust means having durations of five years or less. However, certain Closed-End Funds held by the trust may hold securities that have durations greater than five years. The trust expects to have an average duration for the underlying funds (the Closed- End Funds and ETF in which the trust invests) of less than four years. By including Closed-End Funds that invest in limited duration fixed- income securities, the sponsor seeks to lower the overall volatility of the trust portfolio in most interest rate environments. In addition, to further dampen the trust’s duration sensitivity and lower the trust’s overall volatility, the dollar weighted average maturity of the ETF will be between one and three years. The dollar weighted average maturity of the Closed-End Funds will be between five to ten years. The asset classes in which the Closed-End Funds invest may include, but are not limited to:
Guggenheim Funds, through proprietary research and strategic alliances, will strive to select Closed-End Funds featuring the potential for current income, diversification and overall liquidity, along with the potential for capital appreciation to the extent practicable. The Closed-End Funds may invest in securities issued by companies with market capitalizations of any size. In addition, the Closed-End Funds may invest in fixed-income securities with fixed or floating interest rates. As of the date of deposit, this trust will hold a significant amount of its assets in shares of Closed-End Funds that invest substantially all of their assets in various income-oriented securities of different asset classes, including senior loans and floating-rate securities, and an index tracking ETF that invests substantially all of its assets in U.S. Treasury bonds with remaining maturities between one and three years. |
Selection CriteriaThe sponsor has selected for the portfolio Closed-End Funds and an ETF believed to have the best potential to achieve the trust’s investment objective. As of the trust’s initial date of deposit (the “Inception Date”), 100% of the trust’s portfolio is invested in a combination of shares of Closed-End Funds that invest substantially all of their assets in various income-oriented securities of different asset classes and an index tracking ETF that invests substantially all of its assets in short-term U.S. Treasury bonds. When selecting Closed-End Funds for inclusion in this portfolio the sponsor looks at numerous factors. These factors include, but are not limited to:
The sponsor will seek to select an ETF for inclusion in the trust portfolio that invests substantially all of its assets in short-term U.S. Treasury bonds (U.S. Treasury bonds with remaining maturities between one and three years) in an effort to dampen the trust’s duration sensitivity and lower the trust’s overall volatility. When selecting the ETF the sponsor looks at numerous factors. These factors include, but are not limited to: duration, maturity and coupon rate. As of the Inception Date, the ETF comprised approximately 20% of the trust’s portfolio. |
Risks and Other ConsiderationsAs 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:
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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, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC. Securities offered through Guggenheim Funds Distributors, LLC.
© 2024 Guggenheim Investments. All Rights Reserved.
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