The MLP & Energy Funds Portfolio, Series 22 ("Trust") seeks to provide current income with the potential for capital appreciation.
|Wrap Fee Price||$9.8290|
|Remaining Deferred Sales Charge||$0.2250|
|Mandatory Maturity Date||6/22/2020|
|NASDAQ Ticker Symbol||CMLPVX|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.7750|
|Deferred Sales Charge Dates||
|Number of Holdings||30|
|Historical Annual Dividend Distribution||$0.8514|
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.
|Exchange Traded Fund||20.53%|
|Weighted Average Leverage Ratio**||18.38%|
** 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.)
|Weighted Average Price/Earnings (P/E) Ratio||16.27|
|Weighted Average Price/Book (P/B) Ratio||3.18|
|Weighted Average Market Cap (MM)||$3,856.08|
|Energy Equipment & Services||1.63%|
|Oil Gas & Consumable Fuels||15.92%|
|Trust Weighted Average||-7.11%|
|Closed-End Fund ("CEF") Universe Average||-6.45%|
* 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.
|US Hybrid (Growth & Income)||2.42%|
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.
|Energy Limited Partnership||20.53%|
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.
© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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 contains three sleeves of security types, all of which focus on the master limited partnership (“MLP”) space. Under normal circumstances, the trust will invest at least 80% of the value of its assets in a combination of publicly-traded equity securities of energy MLPs, common shares of closed-end investment companies (“Closed-End Funds”) that invest substantially all of their assets in MLPs and companies in the energy sector as classified by Standard & Poor’s Global Industry Classification Standard (“GICs”), and shares of an exchange-traded fund (“ETF”) that tracks the Alerian MLP Infrastructure Index.
The securities in which the Closed-End Funds invest may include, but are not limited to:
The securities in which the Closed-End Funds invest may include foreign securities, including securities issued by companies headquartered or incorporated in countries considered to be emerging markets.
The trust may invest in MLPs of any market capitalization and of companies headquartered or incorporated in foreign countries.
The Sponsor has selected for the portfolio MLPs, Closed-End Funds and an ETF believed to have the best potential to achieve the Trust’s investment objective.
When selecting Closed-End Funds for inclusion in this portfolio, the Sponsor looks at numerous factors. These factors include, but are not limited to:
When selecting the ETF for inclusion in this portfolio, the Sponsor will seek to include an ETF that tracks the Alerian MLP Infrastructure Index. Currently, this ETF is the Alerian MLP ETF. When selecting the ETF, the Sponsor looks at numerous factors. These factors include, but are not limited to:
When selecting MLP equities for inclusion in this portfolio, the Sponsor looks at numerous factors. These factors include, but are not limited to:
INDEX DEFINITION: The Alerian MLP Infrastructure Index is comprised of 25 energy infrastructure MLPs that earn the majority of their cash flow from the transportation, storage, and processing of energy commodities. The index is unmanaged and it is not possible to invest directly in the index.
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:
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.
© 2018 Guggenheim Investments. All Rights Reserved.
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• Not FDIC Insured • No Bank Guarantee • May Lose Value
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