BSCM

Guggenheim BulletShares 2022 Corporate Bond ETF

 

Yields

Yields as of 11/25/2016
30-Day SEC Yield 2.66 %
Distribution Rate 2.40 %
Weighted Average Yield to Maturity 3.11 %
Weighted Average Yield to Worst 3.11 %

Guggenheim Corporate Bond BulletShares

During the final six months of the year of maturity, bonds held within a Guggenheim BulletShares Corporate Bond ETF will mature and proceeds will be reinvested in cash and cash equivalents causing the ETF's yield to decrease. An adjustment for this decrease is not included in the yield values shown above as standard yield calculations represent a point in time weighted average of each underlying portfolio constituent. For a further understanding of the maturity process, view the BulletShares Maturity Page or call us. Financial professionals can contact the ETF Knowledge Center 888.WHY.ETFs and individual investors can contact 800.820.0888.

This yield figure reflects the theoretical income that a portfolio would generate, including dividends and interest, during the period after deducting a fund’s expenses for the period. A fund’s actual net earnings for a given period under generally accepted accounting principles may differ from this standardized yield.

The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by a fund’s NAV from the as-of-date.

Weighted Average Yield to Maturity is the discount rate that calculates the present value of a bond’s anticipated cash flows with its market price (including accrued interest). A fund's Average YTM is defined as the weighted average of a fund’s individual bond holding YTMs and is based upon Net Asset Value (“NAV”). This does not include fees and expenses.

Weighted Average Yield to Worst uses the lowest discount rate for all possible redemption date scenarios with its market price. A fund’s Average YTW is defined as the weighted average of a fund’s individual bond holding YTWs and is based upon the price of each individual bond that was utilized to calculate that day’s net asset value and does not include fund fees and expenses.

Estimated Net Acquisition Yield Calculator
as of 11/25/2016

 
The Estimated Net Acquisition Yield Calculator provides an approximation of the yield to maturity, based on the market price of the fund at the time of purchase. However, it does not provide the actual yield calculation, as a number of factors can have an effect on a fund's actual yield to maturity.
The calculation is based upon a purchase price for fund shares, accounting for the deduction of fund expenses. Please note that the results generated by the Estimated Net Acquisition Yield Calculator are for illustrative purposes only and are not representative of any specific investment outcome.
 
NAV as of 11/25/2016:     $20.87
 
Purchase price: $
 

Build Your ETF Bond Ladder

 
Build your hypothetical BulletShares Ladder, based on maturity and credit criteria, using the BulletShares Bond Laddering Tool.
LAUNCH BOND LADDER TOOL

Fund Returns

Performance Quarter End

as of 9/30/16
Market Price Total Returns Cumulative Total Returns Average Annual Total Returns
Ytd 3 Month 1 Year 3 Year 5 Year Since Inception
(7/16/2013)
Market Price 8.64 % 1.16 % 7.96 % 6.17 % - 5.46 %
After Tax on Shares Held 7.81 % 0.88 % 6.68 % 4.85 % - 4.18 %
After Tax on Shares Sold 4.87 % 0.66 % 4.47 % 4.12 % - 3.59 %
NAV Total Returns Cumulative Total Returns Average Annual Total Returns
Ytd 3 Month 1 Year 3 Year 5 Year Since Inception
(7/16/2013)
NAV 8.64 % 1.31 % 7.92 % 6.01 % - 5.43 %
After Tax on Shares Held 7.80 % 1.02 % 6.65 % 4.68 % - 4.14 %
After Tax on Shares Sold 4.87 % 0.74 % 4.45 % 3.99 % - 3.56 %

Performance Month End

as of 11/30/16
Market Price Total Returns Cumulative Total Returns Average Annual Total Returns
Ytd 3 Month 1 Year 3 Year 5 Year Since Inception
(7/16/2013)
Market Price 5.66 % -2.39 % 4.51 % 4.65 % - 4.32 %
After Tax on Shares Held 4.66 % -2.66 % 3.30 % 3.37 % - 3.06 %
After Tax on Shares Sold 3.20 % -1.35 % 2.55 % 2.98 % - 2.73 %
NAV Total Returns Cumulative Total Returns Average Annual Total Returns
Ytd 3 Month 1 Year 3 Year 5 Year Since Inception
(7/16/2013)
NAV 5.60 % -2.54 % 4.32 % 4.51 % - 4.27 %
After Tax on Shares Held 4.60 % -2.80 % 3.11 % 3.23 % - 3.01 %
After Tax on Shares Sold 3.17 % -1.43 % 2.44 % 2.86 % - 2.69 %

CALENDAR YEAR TOTAL RETURNS

 20142015
Market Price7.76 %0.27 %
NAV7.75 %0.59 %

*Returns for Funds with performance less than a year are cumulative and are not annualized.

Gross Expense Ratio1 0.24%
Net Expense Ratio2 0.24%

1The gross expense ratio reflects the fund’s actual total annual operating expense ratio, gross of any fee waivers or expense reimbursements as of its most recent prospectus.

2The expense ratio is expressed as a unitary fee and covers all expenses of the Fund, except for the fee payments under the investment advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.

Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The investment return and principal value of an investment will fluctuate with changes in market conditions and other factors so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

After tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods shown and do not reflect the impact of state and local taxes. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.

Since Inception returns assume a purchase of the ETF at the initial share price for share price returns or the initial net asset value (NAV) per share for NAV returns. Returns for periods of less than one year are not annualized. Returns included a reinvestment of distributions.

 

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.

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