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Dow 50 Value Dividend Portfolio Series 45

Trust Resources
Fact Card
Prospectus
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Investment Objective

The Dow 50 Value Dividend Portfolio, Series 45 ("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 $10.1307
Wrap Fee Price $9.9933
Liquidation Price $9.9933
Remaining Deferred Sales Charge $0.1350

CUSIPs

Cash 40176Y786
Reinvest 40176Y794
Fee/Cash 40176Y802
Fee/Reinvest 40176Y810

 

Deposit Information

Inception Date 6/17/2021
Non-Reoffered Date 9/17/2021
Mandatory Maturity Date 9/19/2022
Ticker Symbol CRBDTX
Trust Structure Grantor
Inception Unit Price $10.0000
Inception Liquidation Price $9.8650
Deferred Sales Charge Dates Oct 2021
Nov 2021
Dec 2021
Term 15 Months
Number of Holdings 50

Historical Annual Dividend Distribution*

Per Unit $0.3412
Rate 3.37%
Rate Fee Based 3.41%

* 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 22.89
Weighted Average Price/Book (P/B) Ratio 5.52
Weighted Average Market Cap (MM) $44,926.71

Market Cap & Style Breakdown

Value Growth Total
Large-Cap 24.57% 1.90% 26.47%
Mid-Cap 68.15% 5.38% 73.53%
Small-Cap -- -- --
Total 92.72% 7.28% 100.00%

Asset Class

US Common Stock 87.85%
REIT 7.46%
MLP 4.69%
Total 100.00%

Market Cap Breakdown

Style Breakdown

Sector & Industry Breakdown

Financials 24.81%
 Capital Markets 7.25%
 Insurance 6.60%
 Mortgage Real Estate Investment Trusts (REITs) 7.46%
 Thrifts & Mortgage Finance 3.50%
Health Care 14.10%
 Biotechnology 4.32%
 Health Care Providers & Services 3.39%
 Pharmaceuticals 6.39%
Information Technology 14.05%
 Communications Equipment 3.38%
 IT Services 4.65%
 Semiconductors & Semiconductor Equipment 1.36%
 Technology Hardware Storage & Peripherals 4.66%
Materials 10.26%
 Chemicals 6.15%
 Containers & Packaging 4.10%
Consumer Discretionary 9.79%
 Auto Components 1.36%
 Household Durables 5.13%
 Leisure Products 1.77%
 Specialty Retail 1.54%
Consumer Staples 9.34%
 Food Products 7.65%
 Household Products 1.69%
Industrials 6.46%
 Aerospace & Defense 1.61%
 Industrial Conglomerates 1.76%
 Machinery 1.19%
 Trading Companies & Distributors 1.91%
Utilities 4.20%
 Electric Utilities 2.47%
 Gas Utilities 1.73%
Communication Services 3.84%
 Media 3.84%
Energy 3.15%
 Oil Gas & Consumable Fuels 3.15%
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

Under normal circumstances, the Trust will invest at least 80% of the value of its assets in dividend-paying securities. The Trust aims to provide a portfolio of 50 value securities from the Dow Jones U.S. Top-Cap Value Total Stock Market Index that are dividend-paying as of the security selection date. 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 Trust may invest in companies with small-, mid- and large-capitalizations. The U.S.- listed common stocks held by the Trust may include the common stocks of U.S. and non-U.S. companies and may include the securities of issuers located in emerging market countries. The Trust may include securities of real estate investment Trusts (“REITs”). As a result of the strategy, the Trust 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 Market Index, which is a combination of the Dow Jones U.S. Large-Cap Value Total Stock Market Index and the Dow Jones U.S. Mid- Cap Value Total Stock Market Index. As of June 9, 2021, the Dow Jones U.S. Top-Cap Value Total Stock Market Index included securities with market capitalization ranges from approximately 347 million to 662.9 billion.
  • Exclude companies with a price per share of less than $5 and more than $500.
  • Exclude companies with a 90-day median 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 the 20% of the remaining companies with the lowest indicated dividend yield.
  • Exclude the 20% of 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.) If a security weight cap is reached, the amount of the security weighting above the cap will be redistributed across the other securities in a pro-rata manner. 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.

Santa Monica Quantitative (SMQ) Alpha Score

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. 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, event 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. Recently, the outbreak of a novel and highly contagious form of coronavirus (“COVID-19”) has adversely impacted global commercial activity and contributed to significant volatility in certain markets. Many governments and businesses have instituted quarantines and closures, which has resulted in significant disruption in manufacturing, supply chains, consumer demand and economic activity. The potential impacts are increasingly uncertain, difficult to assess and impossible to predict, and may result in significant losses. Any adverse event could materially and negatively impact the value and performance of 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.
  • 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.
  • Securities selected according to this strategy may not perform as intended. The Trust is exposed to additional risk due to its policy of investing in accordance with an investment strategy. Although the Trust's investment strategy is designed to achieve the Trust's investment objective, the strategy may not prove to be successful. The investment decisions, including the use of the Santa Monica Quantitative (SMQ) Alpha Score, may not produce the intended results and there is no guarantee that the investment objective will be achieved.
  • 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 U.S.-listed foreign securities. The Trust’s investment in U.S.-listed foreign securities presents additional risk. 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 Investment Summary 5 certain industries or differing legal and/or accounting standards.
  • 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 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 Corporate Funding, LLC, Guggenheim Partners Europe Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management. Securities offered through Guggenheim Funds Distributors, LLC.

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