NEW YORK, July 17, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, today announced the launch of two new BulletShares ETFs: Guggenheim BulletShares 2021 Corporate Bond ETF (NYSE Arca:BSCL) and Guggenheim BulletShares 2022 Corporate Bond ETF (NYSE Arca:BSCM). BulletShares were the first defined-maturity corporate bond ETFs available on the market. In 2012, total assets in the suite increased 133 percent, and year-to-date assets are up $967 million—a 56% percent increase (as of June 30, 2013).
The Guggenheim BulletShares line-up consists of 16 unique fixed-income defined-maturity corporate bond and high yield corporate bond ETFs. Unlike other fixed-income ETFs, BulletShares are designed to mature in their target year—providing investors with specific target maturities to ladder portfolios or to manage within specific investment time frames. BulletShares track indices of approximately 70 to 190 corporate bonds with effective maturities in the same calendar year as each fund's maturity, with maturity dates ranging from 2013 to 2022 at this time.
The complete BulletShares line-up includes:
- Guggenheim BulletShares 2013 Corporate Bond ETF (BSCD)
- Guggenheim BulletShares 2014 Corporate Bond ETF(BSCE)
- Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF)
- Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG)
- Guggenheim BulletShares 2017 Corporate Bond ETF (BSCH)
- Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI)
- Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ)
- Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK)
- NEW: Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL)
- NEW: Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM)
- Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (BSJD)
- Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (BSJE)
- Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (BSJF)
- Guggenheim BulletShares 2016 High Yield Corporate Bond ETF (BSJG)
- Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (BSJH)
- Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI)
"Defined-maturity continues to be a proven investment strategy for investors looking to save for events like retirement amid a volatile economic environment," said William Belden, Managing Director, Product Development at Guggenheim Investments. "We pioneered this segment of the market with the first BulletShares in 2011, and are excited to grow our existing line-up with two new corporate bond ETFs."
Guggenheim Investments successfully matured three BulletShares ETFs in 2011 and 2012.
Overall, Guggenheim Investments total ETP assets under management are approximately $15 billion as of June 30, 2013. The firm currently ranks eighth in AUM among U.S. ETF providers.†
About Guggenheim Investments
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, which consist of investment managers with approximately $180 billion in combined total assets.* 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.
†Source: BlackRock, as of 6.30.2013.
* Assets under management are as of 3.31.2013 and include consulting services for clients whose assets are valued at approximately $37 billion.
The Funds have designated years of maturity ranging from 2013 to 2022 and will terminate on or about December 31st of their respective maturity year. In connection with such termination, each Fund will make a cash distribution to then-current shareholders of its net assets after making appropriate provisions for any liabilities of such Fund. The Funds do not seek to return any predetermined amount at maturity. In the final six months of operation, as the bonds held by a Fund mature, such Fund's portfolio will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment-grade commercial paper, which may result in a lower yield than the yields of the bonds previously held by such Fund and/or prevailing yields for bonds in the market. Each Fund will terminate on or about its respective termination date without requiring additional approval by the Trust's Board of Trustees (the "Board") or Fund shareholders. The Board may change the termination date to an earlier or later date if a majority of the Board determines the change to be in the best interest of the Fund.
INDEX DESCRIPTION
BulletShares® USD Corporate Bond Indices are designed to represent the performance of a held-to-maturity portfolio of U.S. dollar denominated investment-grade corporate bonds with effective maturities in the same calendar year. The indices are unmanaged and it is not possible to invest directly in the indices.
Read each Fund's prospectus and summary prospectus (if available) carefully before investing. It contains the Fund'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 the Funds at guggenheiminvestments.com.