The Total Income Portfolio, Series 28 ("Trust") seeks to provide current income and, as a secondary objective, the potential for capital appreciation.
|Wrap Fee Price||$8.7021|
|Remaining Deferred Sales Charge||$0.2250|
|Mandatory Maturity Date||8/29/2024|
|Inception Unit Price||$10.0000|
|Inception Liquidation Price||$9.7750|
|Deferred Sales Charge Dates||
|Number of Holdings||114|
|Rate Fee Based||6.35%|
* 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||38.03%|
|Weighted Average Price/Earnings (P/E) Ratio||31.14|
|Weighted Average Price/Book (P/B) Ratio||2.42|
|Weighted Average Market Cap (MM)||$29,598.63|
|US Common Stock||16.54%|
|Non US Common Stock||15.45%|
|Oil Gas & Consumable Fuels||16.54%|
|Equity Real Estate Investment Trusts (REITs)||10.57%|
|Diversified Telecommunication Services||4.06%|
|Wireless Telecommunication Services||1.11%|
|Containers & Packaging||0.55%|
|Metals & Mining||2.86%|
|Food & Staples Retailing||0.67%|
|High Yield Bond||5.41%|
|Emerging Markets Bond||4.21%|
|High Yield Muni||3.53%|
|Emerging-Markets Local-Currency Bond||2.69%|
|Global Real Estate||2.21%|
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
The Trust seeks to provide current income with the potential for capital appreciation by investing in a diversified portfolio of dividend-paying stocks of U.S. and international companies, shares of exchange-traded funds (“ETFs”) that invest in fixed-income securities, shares of closed-end funds that have elected to be treated as business development companies under the Investment Company Act of 1940, as amended (“BDCs”), units of master limited partnerships (“MLPs”), shares or units of midstream entities that are organized as C-corporations or that have elected to be treated as a corporation for U.S. federal income tax purposes (“Midstream Corps”), shares of U.S. and international real estate investment Trusts (“REITs”) and shares of ETFs that invest in REITs. Midstream entities are companies that provide midstream services including the gathering, transporting, processing, fractionation, storing, refining and distribution of oil, natural gas liquids and refined petroleum products. The international securities that the Trust may invest in may be issued by companies located in emerging markets. The Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC (“GPIM”), an affiliate of Guggenheim Partners, LLC, has selected the securities to be included in the Trust’s portfolio.
The Trust’s portfolio is divided into three different asset segments:
The selection methodology for each segment is described below.
Equity Securities Segment
The Trust may invest in the common stocks of small-, mid- and large-capitalization companies. In constructing the Trust’s portfolio, the Sponsor selects domestic and international companies, which may include securities of issuers located in emerging markets, American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and New York Registry Shares, based on, but not limited to, the following factors:
Fixed Income ETFs Segment
The Sponsor selects ETFs that invest in fixed income securities such as corporate bonds, floating rate securities, international and emerging market debt, preferred securities and high-yield or “junk” securities. The ETFs are selected based on, but not limited to, the following factors:
The Sponsor will consider ETFs investing in securities of all durations. The duration of a security is a measure of its price sensitivity to changes in interest rates based on the weighted average term to maturity of its interest and principal cash flows.
ETFs are investment pools that hold securities. ETFs provide an efficient and relatively simple way to invest in that they offer investors the opportunity to buy and sell an entire basket of securities with a single transaction throughout the trading day. ETFs are often built as an index fund, but trade like a stock on an exchange. ETFs generally offer advantages similar to those found in index funds such as low operating costs, performance designed to track an index, the potential for high tax efficiency and consistent investment strategies. Unlike conventional mutual funds, ETFs normally issue and redeem shares on a continuous basis at their net asset value in large specified blocks of shares, known as “creation units.” Market makers, large investors and institutions deal in creation units. The Trust will buy shares of the ETF on the exchanges and will incur brokerage costs.
Alternative Income Securities Segment
The Sponsor selects BDCs, MLPs, Midstream Corps, U.S. and international REITs and ETFs that invest in REITs based on, but not limited to, the following factors:
The BDCs held by the Trust will be publicly traded and may hold equity or fixed-income securities issued by domestic or foreign companies. These securities may include the securities of small-, mid- or large-capitalization companies. In addition, the securities held by the BDCs included in the Trust may be rated investment-grade or non-investment-grade. High-yield or “junk” bonds, the generic names for bonds rated below investment-grade, are frequently issued by corporations in the growth stage of their development or by established companies that are highly leveraged or whose operations or industries are depressed. High-yield securities are considered to be primarily speculative with respect to the issuer’s ability to make principal and interest payments and may be more volatile than higher rated securities of similar maturity. Additionally, they are subject to greater market, credit and liquidity risks than investment-grade securities.
Guggenheim Partners Investment Management, LLC
Guggenheim Partners Investment Management, LLC is a subsidiary of Guggenheim Partners, LLC and an affiliate of the Sponsor, which offers financial services expertise within its asset management, investment advisory, capital markets, institutional finance and merchant banking business lines. Clients consist of a mix of individuals, family offices, endowments, foundations, insurance companies, pension plans and other institutions that together have entrusted the firm with supervision of more than $100 billion in assets. A global diversified financial services firm, Guggenheim Partners, LLC office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong, Singapore, Mumbai and Dubai. The Sponsor is also a subsidiary of Guggenheim Partners, LLC.
See “General Information” for additional information.
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.
© 2022 Guggenheim Investments. All Rights Reserved.
Research our firm with FINRA Broker Check.
• Not FDIC Insured • No Bank Guarantee • May Lose Value
This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.