The NDR Precious Metals & Miners Portfolio, Series 23 ("Trust") seeks to provide total return through capital appreciation by investing in a diversified portfolio of common stocks and non-investment company exchange-traded funds (“ETFs”).
|Wrap Fee Price||$12.1272|
|Remaining Deferred Sales Charge||$0.2250|
|Mandatory Maturity Date||10/7/2024|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.7750|
|Deferred Sales Charge Dates||
|Number of Holdings||23|
|Rate Fee Based||1.48%|
* 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.
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||28.93%|
|Weighted Average Price/Earnings (P/E) Ratio||28.52|
|Weighted Average Price/Book (P/B) Ratio||1.83|
|Weighted Average Market Cap (MM)||$15,494.41|
|Non US Common Stock||61.28%|
|US Common Stock||9.78%|
|Metals & Mining||71.07%|
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.
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
Under normal circumstances, the Trust will invest at least 80% of the value of its assets in common stocks of mining companies that derive at least 50% of their revenues from precious metals mining, and shares of ETFs that invest substantially all of their assets in physical precious metals such as gold, silver and platinum. The Trust will invest in both domestic and foreign-listed securities. Certain of the common stocks included in the Trust may be issued by companies headquartered or incorporated in countries considered to be emerging markets. Certain of the common stocks included in the Trust may be issued by small-capitalization and mid-capitalization companies.
The Sponsor has partnered with Ned Davis Research, Inc. (“NDR”) as portfolio consultant. NDR will suggest securities for the portfolio that it believes possess the potential to achieve the Trust’s investment objective.
As a result of this strategy, the Trust is concentrated in the materials sector and in securities issued by companies located in Canada.
The Sponsor, with assistance from NDR, has selected securities for the portfolio that it believes have the best potential to achieve the Trust’s investment objective. To select the common stock portion of the portfolio, an initial universe of companies that fit the Global Industry Classification Standard for gold, silver, or precious metals stocks and derive at least 60% of their revenue from the mining of precious metals is identified. The common stocks for the final portfolio are selected based on, but not limited to, the following factors:
To select the ETFs for the final portfolio, the Sponsor, with assistance from NDR, considers a number of factors including the particular precious metal that is tracked by an ETF, as well as the overall size and liquidity of an ETF.
The final portfolio will be based upon one of three allocations:
The portfolio consultant will recommend an allocation to the Sponsor based upon its analysis of several factors, including but not limited to, precious metal valuations, geopolitical risk index, S&P 500 valuations, the U.S. dollar, U.S. Treasury yields and spread relationships, and crude oil prices.
For the Trust, the current allocation is a neutral allocation.
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 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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