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Guggenheim BulletShares 2012 Corporate Bond ETF and Guggenheim BulletShares 2012 High Yield Corporate Bond ETF Announce Scheduled Maturities(December 12, 2012)
NEW YORK, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, announced today the distribution schedules associated with the maturities of Guggenheim BulletShares 2012 Corporate Bond ETF (NYSE Arca:BSCC) and Guggenheim BulletShares 2012 High Yield Corporate Bond ETF (NYSE Arca:BSJC). These will be the second and third funds in the Guggenheim BulletShares suite of defined-maturity exchange traded funds ("ETFs") to mature. Guggenheim BulletShares 2011 Corporate Bond ETF (NYSE:BSCB) matured in December of 2011.
Guggenheim BulletShares® ETFs are comprised of a suite of 16 fixed-income corporate bond and high yield corporate bond ETFs with maturities spanning 2012 to 2020. BulletShares provide defined-maturity exposure, enabling investors to build customized portfolios tailored to specific investment needs. The BulletShares suite has approximately $1.86 billion in assets under management.1
Unlike traditional ETFs, which have a perpetual life, defined-maturity ETFs have a specified maturity date established when the ETF is launched. When the fund reaches the maturity date, the fund's final net asset value (NAV) is returned to the current shareholders.
A defined maturity ETF's portfolio is primarily comprised of securities that mature throughout the fund's stated maturity year. This defined maturity structure results in a duration profile similar to that of an individual bond - the fund's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes. BSCC and BSJC do not seek to return any predetermined amount at maturity.
Guggenheim BulletShares 2012 Corporate Bond ETF Maturity Schedule
Guggenheim BulletShares 2012 High Yield Corporate Bond ETF Maturity Schedule
-Final day of trading:
December 28, 2012
-Maturity distribution announcement date:
December 28, 2012
-Record date of maturity distribution:
December 28, 2012
-Maturity distribution payable date:
December 31, 2012
1Source: Guggenheim Investments, as of 11.30.2012.
Guggenheim BulletShares ETFs also offer investors an investment and cash flow profile similar to that of an individual bond, providing a high degree of flexibility, but offer diversification benefits that cannot be obtained through an individual bond. The maturities of BSCC and BSJC exhibit the potential of the Guggenheim BulletShares ETF suite to deliver attractive income to investors seeking to meet their lifestyle needs. The proceeds from BSCC and BSJC may also be redeployed into other BulletShares products or utilized in a ladder strategy to help manage interest rate risk.
For information on the Guggenheim BulletShares ETFs, please visit www.guggenheiminvestments.com/products/etf/bulletshares or call the Guggenheim Investments ETF Knowledge Center at 888.WHY.ETFS.
Past performance is not indicative of future performance. To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located on the Funds' website under the "Literature" tab. Distributions may be comprised of sources other than income, which may not reflect actual fund performance.
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC, which consist of investment managers with approximately $137 billion in combined total assets.2 Collectively, Guggenheim Investments has a long, distinguished history of serving institutional investors, ultra-high-net-worth individuals, family offices and financial intermediaries. Guggenheim Investments offers clients a wide range of differentiated capabilities built on a proven commitment to investment excellence. Guggenheim Investments has offices in Chicago, New York City and Santa Monica, along with a global network of offices throughout the United States, Europe, and Asia.
Guggenheim Investments offers investors a broad range of ETPs—domestic and international equity, fixed-income and currency—to provide the core building blocks for portfolios, access to hard-to-reach market segments, as well as targeted investment choices.
2The total asset figure is as of 09/30/2012 and includes $9.56B of leverage for Assets Under Management and $0.83B of leverage for Serviced Assets. Total assets include assets from Security Investors, LLC, Guggenheim Partners Investment Management, LLC ("GPIM", formerly known as Guggenheim Partners Asset Management, LLC; GPIM assets also include all assets from Guggenheim Investment Management, LLC which were transferred as of 06.30.2012), Guggenheim Funds Investment Advisors, LLC and its affiliated entities, and some business units including Guggenheim Real Estate, LLC, Guggenheim Aviation, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited, Transparent Value Advisors, LLC, and Guggenheim Partners India Management. Values from some funds are based upon prior periods.
Read an ETF's prospectus and summary prospectus (if available) carefully before investing. It contains the ETF's investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) for ETFs and other funds distributed by Guggenheim Funds Distributors, LLC at guggenheiminvestments.com or call 800.345.7999.
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("GP"), which includes Security Investors, LLC ("SI") and Guggenheim Funds Investment Advisors, LLC ("GFIA"), the investment advisors to the Rydex and Guggenheim ETFs, respectively. Guggenheim Funds Distributors, LLC and Rydex Distributors, LLC are affiliated with GP, GFIA and SI.
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