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ML Top Picks for 2023 Series 11

Trust Resources

Investment Objective

The ML Top Picks for 2023 ("Trust") seeks to provide capital appreciation.

Principal Investment Strategy

Selection Criteria

Risks and Other Considerations

Portfolio Information

Daily Data

Offer Price N/A
Wrap Fee Price N/A
Liquidation Price $10.3623
Remaining Deferred Sales Charge $0.0000


Cash 40177P727
Fee/Cash 40177P735


Deposit Information

Inception Date 3/1/2023
Non-Reoffered Date 5/2/2023
Mandatory Maturity Date 5/2/2024
Ticker Symbol CMPIKX
Trust Structure RIC
Inception Unit Price $10.0000
Inception Liquidation Price $9.8650
Deferred Sales Charge Dates Jul 2023
Aug 2023
Sep 2023
Term 15 Months
Number of Holdings 45

Historical Annual Dividend Distribution*

Per Unit $0.0480
Rate -
Rate Fee Based -

* The Historical Annual Dividend Distribution (HADD) per unit is as of the day prior to trust deposit and subject to change. The HADD per unit is the weighted average of the trailing twelve-month distributions paid by the securities included in the portfolio. The HADD rate is based on the HADD divided by the current offer price and recalculated daily. Both the HADD per unit and the rate shown are reduced to account for the effects of fees and expenses, which will be incurred when investing in the Trust. The HADD per unit and rate 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. 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. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of, or cancel entirely, dividends and/or distributions paid in the future. As a result, the HADD figure will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust.

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 51.62
Weighted Average Price/Book (P/B) Ratio 7.09
Weighted Average Market Cap (MM) $113,776.65

Market Cap & Style Breakdown

Value Growth N/A Total
Large-Cap 16.15% 21.42% -- 37.58%
Mid-Cap 29.42% 22.92% -- 52.34%
Small-Cap 0.81% 6.71% -- 7.52%
N/A -- -- 2.56% 2.56%
Total 46.39% 51.05% 2.56% 100.00%

Asset Class

US Common Stock 87.16%
Non US Common Stock 10.26%
REIT 2.58%
Total 100.00%

Market Cap Breakdown

Style Breakdown

Sector & Industry Breakdown

Consumer Discretionary 21.16%
 Automobiles 3.03%
 Broadline Retail 5.91%
 Hotels Restaurants & Leisure 2.81%
 Household Durables 1.77%
 Specialty Retail 4.33%
 Textiles Apparel & Luxury Goods 3.31%
Health Care 16.66%
 Biotechnology 3.48%
 Health Care Equipment & Supplies 2.55%
 Health Care Providers & Services 7.02%
 Life Sciences Tools & Services 1.83%
 Pharmaceuticals 1.79%
Information Technology 12.89%
 Communications Equipment 2.11%
 Semiconductors & Semiconductor Equipment 2.75%
 Software 5.42%
 Technology Hardware Storage & Peripherals 2.62%
Industrials 11.27%
 Aerospace & Defense 1.72%
 Ground Transportation 1.94%
 Machinery 5.61%
 Passenger Airlines 2.00%
Consumer Staples 10.08%
 Beverages 2.29%
 Food Products 2.12%
 Household Products 2.36%
 Personal Care Products 3.32%
Financials 9.32%
 Banks 1.97%
 Capital Markets 2.32%
 Financial Services 2.38%
 Insurance 2.65%
Materials 5.75%
 Chemicals 1.50%
 Containers & Packaging 2.05%
 Metals & Mining 2.19%
Real Estate 5.10%
 Health Care REITs 2.58%
 Real Estate Management & Development 2.52%
Communication Services 3.31%
 Diversified Telecommunication Services 1.83%
 Entertainment 1.47%
Utilities 2.45%
 Electric Utilities 2.45%
Energy 2.01%
 Oil Gas & Consumable Fuels 2.01%
Total 100.00%

Country Breakdown

United States 89.74%
Canada 5.63%
Italy 3.03%
Germany 1.60%
Total 100.00%

Regional Breakdown

North America 95.37%
West Europe 4.63%
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

The Trust seeks to provide a portfolio of companies that represent the top year ahead stock picks for 2023 (the “Top Picks”) published by BofA Global Research (“BofA”). The stocks included in the Top Picks represent a static list of stocks identified by the senior research analysts. All the stock recommendations included in the list were rated Buy at the time of the published research report. The Top Picks are chosen by BofA without regard to the Trust or its unitholders, as of January 30, 2023, and is only one of a number of recommended lists/screens by BofA. The Sponsor is solely responsible for selecting investments for the Trust. The Trust may invest in the common stock of real estate investment companies. See “Trust Portfolio” for more information regarding the stocks selected.

As a result of this strategy, the Trust invests significantly in the consumer products sector.

Selection Criteria

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. Changes in legal, political, regulatory, tax and economic conditions may cause fluctuations in markets and securities prices, which could negatively impact the value of the Trust. Additionally, events such war, terrorism, natural and environmental disasters and the spread of infectious illnesses or other public health emergencies may adversely affect the economy, various markets and issuers. An outbreak of a novel form of coronavirus disease (“COVID-19”) was first detected in December 2019 and rapidly spread around the globe leading the World Health Organization to declare the
    COVID-19 outbreak a pandemic in March 2020 and resulting in major disruptions to economies and markets around the world. The complete economic impacts of COVID-19 are not yet fully known. The COVID-19 pandemic, or any future public health crisis, is impossible to predict and
    could result in adverse market conditions which may negatively impact the performance of the Trust and the Trust's ability to achieve its investment objectives. 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 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 securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
  • The Trust invests in an ADR and U.S.-listed foreign securities. The Trust’s investment in U.S.-listed foreign securities and an ADR 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.
  • 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.
  • The Trust may be susceptible to potential risks through breaches in cybersecurity. A breach in cybersecurity refers to both intentional and unintentional events that may cause the Trust to lose proprietary information, suffer data corruption or lose operational capacity. Such events could cause the Sponsor of the Trust to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss. In addition, cybersecurity breaches of the Trust’s third-party service providers, or issuers in which the Trust invests, can also subject the Trust to many of the same risks associated with direct cybersecurity breaches.
  • The Trust is subject to risks arising from various operational factors and their service providers. Operational factors include, but not limited to, human error, processing and communication errors, errors of the Trust’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. Additionally, the Trust may be subject to the risk that a service provider may not be willing or able to perform their duties as required or contemplated by their agreements with the Trust. Although the Trust seeks to reduce these operational risks through controls and procedures, there is no way to completely protect against such risks.
  • 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 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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