NEW YORK, Dec. 12, 2013 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, announced today the distribution schedules associated with the maturities of Guggenheim BulletShares 2013 Corporate Bond ETF (NYSE Arca:BSCD) and Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (NYSE Arca:BSJD). These will be the fourth and fifth funds in the Guggenheim BulletShares suite of defined-maturity ETFs to mature.
Launched in 2010, the Guggenheim BulletShares line-up consists of 18 unique defined-maturity corporate bond and high yield corporate bond ETFs with maturities spanning from 2013 to 2022*. BulletShares are designed to mature in their target year—providing investors with specific maturities to ladder portfolios or to manage their fixed income exposure within specific investment time frames. The BulletShares suite has approximately $4.3 billion in assets under management as of November 30, 2013.
Guggenheim Investments successfully matured three BulletShares ETFs in 2011 and 2012.
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. BSCD and BSJD do not seek to return any predetermined amount at maturity.
Guggenheim BulletShares 2013 Corporate Bond ETF (BSCD) Maturity Schedule
Guggenheim BulletShares 2013 High Yield Corporate Bond ETF (BSJD) Maturity Schedule
- Final day of trading: December 30, 2013
- Maturity distribution announcement date: December 30, 2013
- Maturity distribution effective date: December 31, 2013
- Maturity distribution payable date: December 31, 2013
Guggenheim BulletShares ETFs also offers 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 BSCD and BSJD exhibit the potential of the Guggenheim BulletShares ETF suite to deliver attractive income to investors seeking to meet their lifestyle needs. The proceeds from BSCD and BSJD 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.
About Guggenheim Investments
Guggenheim Investments represents the investment management division of Guggenheim Partners, which consists of investment managers with approximately $164 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.
*Guggenheim Investments total asset figure is as of 9.30.2013 and includes $11.852B of leverage for Assets under Management and $0.331B of leverage for Serviced Assets. Total assets include assets from Security Investors, LLC, Guggenheim Partners Investment Management, LLC, Guggenheim Funds 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.
ETFs may not be suitable for all investors. * Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Most investors will also incur customary brokerage commissions when buying or selling shares of an ETF. * Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. * ETF Shares may trade below their net asset value ("NAV"). The NAV of shares will fluctuate with changes in the market value of an ETF's holdings. In addition, there can be no assurance that an active trading market for shares will develop or be maintained. * Tracking error risk refers to the risk that the Advisor may not be able to cause the ETF's performance to match or correlate to that of the ETF's Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the ETF's performance to be less than you expect.
Read a 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) at www.guggenheiminvestments.com .
The referenced funds are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC ("GP"), which includes Guggenheim Funds Investment Advisors ("GFIA"), the investment advisers to the referenced funds. Guggenheim Funds Distributors, LLC is affiliated with GP and GFIA.
For general inquiries please contact: Jeaneen Pisarra Guggenheim Investments 917.386.0387