The Guggenheim Short Duration High Yield Trust, Series 44 (“Trust”) seeks to provide current income.The Guggenheim Short Duration High Yield Trust, Series 44 (“Trust”) seeks to provide current income.
|Wrap Fee Price||N/A|
|Estimated Current Return (ECR)||5.88%|
|Estimated Long Term Return (ELTR)||2.59%|
|Estimated Current Return (Wrap Fee)||5.88%|
|Estimated Long Term Return (Wrap Fee)||2.59%|
|Principal Amount of Bonds*||$416.68|
|Average Maturity||1.9 Years|
|Estimated Annual Income||$25.1935|
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 will invest in a portfolio of high yield corporate securities or “junk” bonds. The Sponsor will select bonds that it believes have the best chance to meet the Trust’s investment objective over its life. The Trust may hold bonds that are issued by companies headquartered or incorporated outside the United States.
The portfolio of the Trust consists of high yield corporate debt obligations, which may include corporate bonds, mortgage- and assetbacked securities, loan participations and pass through securities. As of the initial date of deposit (the “Inception Date”), at least 80% of the bonds in the portfolio are rated below investment-grade as determined by at least one or more nationally recognized statistical rating organizations. High-yield or “junk” bonds are frequently issued by corporations in the growth stage of their development or by established companies which are highly leveraged or whose operations or industries are depressed. Obligations rated below investment-grade should be considered speculative as these ratings indicate a quality of less than investment-grade. Because high-yield bonds are generally subordinated obligations and are perceived by investors to be riskier than higher rated securities, their prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree than investment-grade bonds. See “Description of Bond Ratings” for additional information.
“Duration” is the estimated number of years required to receive the present value of future payments, both of interest and principal, of a bond. Duration is often used as an indicator of a bond’s price volatility resulting from changes in interest rates. The Sponsor considers this Trust to be a “short duration” portfolio because the average weighted duration of the bonds in the Trust is 3.6 years. The duration of the bonds in the Trust range from 1.92 to 4.93 years.
As a result of this strategy, the Trust is concentrated in the consumer discretionary and industrials sectors.
The Sponsor considered the following factors, among others, in selecting the bonds:
Risks and Other Considerations
As with all investments, you may lose some or all of your investment in the Trust. 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. 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:
See “Investment Risks” 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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• Not FDIC Insured • No Bank Guarantee • May Lose Value
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