The Closed-End Income & Treasury Limited Duration Portfolio, Series 11 ("Trust") seeks to provide current income and the potential for capital appreciation.
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.
This information does not constitute an offer to sell or a solicitation of any offer to buy: nor shall there be any sale of these securities in any state where the offer, solicitation, or sale is not permitted.
Principal Investment Strategy
Under normal circumstances, the Trust will invest at least 80% of the value of its assets in common shares of closed-end investment companies (“closed-end funds”) that invest in various income-oriented securities of different asset classes and shares of an exchange-traded fund (“ETF”), which tracks a U.S. Treasury bond index. The Sponsor selects certain closed-end funds for the Trust that hold limited duration securities. These closed-end fund asset classes 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.
The 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 either shares of closed-end funds that invest in various income-oriented securities of different asset classes or an ETF, which tracks a U.S. Treasury bond index.
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 which tracks a low duration U.S. Treasury bond index 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. Due to the current economic environment, U.S. Treasury bonds and ETFs that invest in U.S. Treasury bonds are generating yields that are at historic lows. While U.S. Treasury bonds are considered to be some of the most risk adverse securities available, if U.S. Treasury bond yields remain at its current levels, the ETF included in the Trust’s portfolio may not contribute to or may lower the Trust’s performance. As of the Inception Date, the ETF comprised approximately 20% of the Trust’s portfolio.
An investment can be made in the ETF and closed-end funds held by the Trust without paying the sales fee, operating expenses and organization costs of the Trust.
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:
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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This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.