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Dow Jones Value Dividend Focus Portfolio Series 31

Trust Resources

Investment Objective

The Dow Jones Value Dividend Focus Portfolio, Series 31 ("Trust") seeks to provide total return primarily through capital appreciation and current dividend income by investing in a portfolio of common stocks.

Principal Investment Strategy

Selection Criteria

Risks and Other Considerations

Portfolio Information

Daily Data

Offer Price N/A
Wrap Fee Price N/A
Liquidation Price $8.6381
Remaining Deferred Sales Charge $0.0000


Monthly-Cash 40173C803
Monthly-Reinvest 40173C811
Monthly-Fee/Cash 40173C829
Monthly-Fee/Reinvest 40173C837


Deposit Information

Inception Date 12/15/2017
Non-Reoffered Date 3/15/2018
Mandatory Maturity Date 3/15/2019
Trust Structure GRANTOR
Inception Unit Price $10.0000
Inception Liquidation Price $9.8650
Deferred Sales Charge Dates Apr 2018
May 2018
Jun 2018
Term 15 Months
Number of Holdings 49
Historical Annual Dividend Distribution $0.3848

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 28.74
Weighted Average Price/Book (P/B) Ratio 6.00
Weighted Average Market Cap (MM) $47,432.53

Market Cap & Style Breakdown

Value Growth Total
Large-Cap 33.12% 13.44% 46.56%
Mid-Cap 48.09% 4.01% 52.10%
Small-Cap 1.34% -- 1.34%
Total 82.55% 17.45% 100.00%

Asset Class

US Common Stock 84.62%
REIT 12.28%
Unit 3.10%
Total 100.00%

Market Cap Breakdown

Style Breakdown

Sector & Industry Breakdown

Financials 20.00%
 Banks 1.90%
 Capital Markets 1.22%
 Insurance 6.43%
 Mortgage Real Estate Investment Trusts (REITs) 8.08%
 Thrifts & Mortgage Finance 2.36%
Utilities 14.06%
 Electric Utilities 6.57%
 Independent Power and Renewable Electricity Producers 4.04%
 Multi-Utilities 3.45%
Consumer Staples 12.71%
 Beverages 2.22%
 Food & Staples Retailing 1.57%
 Food Products 5.26%
 Household Products 1.89%
 Tobacco 1.78%
Consumer Discretionary 8.70%
 Automobiles 5.60%
 Hotels Restaurants & Leisure 3.10%
Health Care 8.30%
 Biotechnology 3.35%
 Health Care Providers & Services 4.95%
Communication Services 8.17%
 Diversified Telecommunication Services 3.38%
 Media 4.79%
Industrials 7.39%
 Air Freight & Logistics 1.65%
 Building Products 1.57%
 Electrical Equipment 1.86%
 Industrial Conglomerates 0.75%
 Professional Services 1.56%
Energy 7.38%
 Oil Gas & Consumable Fuels 7.38%
Information Technology 5.97%
 Communications Equipment 2.35%
 IT Services 1.87%
 Semiconductors & Semiconductor Equipment 1.75%
Real Estate 4.20%
 Equity Real Estate Investment Trusts (REITs) 4.20%
Materials 3.13%
 Chemicals 3.13%
Total 100.00%

Country Breakdown

United States 100.00%
Total 100.00%

Regional Breakdown

North America 100.00%
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 Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC (“GPIM”), an affiliate of the Sponsor and Guggenheim Partners, LLC, has selected the securities to be included in the Trust’s portfolio The U.S.-listed common stocks held by the Trust may include the common stocks of U.S. and non-U.S. companies. The Trust may include securities of real estate investment Trusts (“REITs”).

As a result of the strategy, the Trust is concentrated in the consumer products sector and invests significantly in the financial sector.

Selection Criteria

The Trust’s portfolio is constructed and the securities are selected using the methodology described below.

In constructing the Trust portfolio, securities will be selected based on the following fundamentally-based quantitative criteria:

  • Begin with all companies listed in the Dow Jones U.S. Top-Cap Value Total Stock Index, which is a combination of the Dow Jones U.S. Large-Cap Value Total Stock Index and the Dow Jones U.S. Mid-Cap Value Total Stock Market Index.
  • Exclude companies with a price per share of less than $5 and more than $500.
  • Exclude companies with a 30-day average daily traded value of less than $1 million.
  • Exclude companies with an indicated dividend yield of zero. Indicated dividend yield is a company’s most recently announced dividend, annualized based on dividend frequency and divided by market price (abnormal or special dividends are not included).
  • Exclude 20% of the remaining companies with the lowest indicated dividend yield.
  • Exclude 20% of the companies in the starting index with the highest standard deviation of daily returns for the trailing year, as provided by FactSet.
  • Select the 100 companies with the highest Santa Monica Quantitative (SMQ) Alpha Score based on the methodology described below.
  • Select the final portfolio by indicated dividend yield and weight the portfolio by indicated dividend yield, subject to a 5% cap for each individual security on the day the strategy generates the final portfolio, except for financial sector securities which are subject to a 4% cap. (A company’s weight in the portfolio is derived by dividing the indicated dividend yield of each company by the sum of all indicated dividend yields for the selected companies.) Please note that due to the fluctuating nature of security prices, the weighting of an individual security in the Trust may be greater than the cap described above after the portfolio selection date.

GIQ Implied Stock Risk Premium

The Santa Monica Quantitative (SMQ) Alpha Score seeks to measure the market implied discount rate (in excess to risk free rates) that is embedded in the price of a company’s stock. To determine the Alpha Score for a given company, the company’s future cash flows are estimated through a forward-looking discounted free cash flow (“FCF”) model that takes into account each firm’s current balance sheet composition, returns on capital, and normalization assumptions that include excess returns on capital approaching industry average levels over a long-term horizon. The market price of the stock of each firm is used to solve for the discount rate that is required to equate future modeled cash flow streams to current equity value.

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. 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.
  • 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 is concentrated 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 significantly in the financial sector. As a result, the factors that impact the financial sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Companies in the financial sector include banks, insurance companies and investment firms. The profitability of companies in the financial sector is largely dependent upon the availability and cost of capital which may fluctuate significantly in response to changes in interest rates and general economic developments. Financial sector companies are especially subject to the adverse effects of economic recession, decreases in the availability of capital, volatile interest rates, portfolio concentrations in geographic markets and in commercial and residential real estate loans, and competition from new entrants in their fields of business.
  • The Trust invests in REITs. REITs may concentrate their investments in specific geographic areas or in specific property types, such as, hotels, shopping malls, residential complexes and office buildings. The value of the REITs and other real estate securities and the ability of such securities to distribute income may be adversely affected by several factors, including: rising interest rates; changes in the global and local economic climate and real estate conditions; perceptions of prospective tenants of the safety, convenience and attractiveness of the properties; the ability of the owner to provide adequate management, maintenance and insurance; the cost of complying with the Americans with Disabilities Act; increased competition from new properties; the impact of present or future environmental legislation and compliance with environmental laws; changes in real estate taxes and other operating expenses; adverse changes in governmental rules and fiscal policies; adverse changes in zoning laws; declines in the value of real estate; the downturn in the subprime mortgage lending market and the real estate markets in the United States; and other factors beyond the control of the issuer of the security.
  • The Trust invests in securities issued by mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. Mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
  • 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 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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