NEW YORK, Oct. 16, 2014 (GLOBE NEWSWIRE) -- Guggenheim Investments, the investment management division of Guggenheim Partners, announced today the distribution schedules associated with the maturities of Guggenheim BulletShares® 2014 Corporate Bond ETF (NYSE Arca:BSCE) and Guggenheim BulletShares® 2014 High Yield Corporate Bond ETF (NYSE Arca:BSJE). These will be the sixth and seventh funds in the Guggenheim BulletShares® suite of defined-maturity ETFs to mature.
Launched in 2010, the Guggenheim BulletShares® line-up consists of 20 unique defined-maturity corporate bond and high yield corporate bond ETFs with maturities spanning from 2014 to 2024. 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 $6.1 billion in assets under management as of September 30, 2014.1
Guggenheim Investments has successfully matured five BulletShares ETFs over the course of 2011, 2012 and 2013.
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. BSCE and BSJE do not seek to return any predetermined amount at maturity.
|Guggenheim BulletShares® 2014 Corporate Bond ETF (BSCE) Maturity Schedule |
Guggenheim BulletShares® 2014 High Yield Corporate Bond ETF (BSJE) Maturity Schedule
|-- Final day of trading: December 30, 2014|
|-- Maturity distribution announcement date: December 30, 2014|
|-- Maturity distribution effective date: December 31, 2014|
|-- Maturity distribution payable date: December 31, 2014|
|1Source: Guggenheim Investments.|
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 offering diversification benefits that cannot be obtained through an individual bond. The maturities of BSCE and BSJE exhibit the potential of the Guggenheim BulletShares ETF suite to deliver attractive income to investors seeking to meet their lifestyle needs. The proceeds from BSCE and BSJE may also be redeployed into other BulletShares products or utilized in a ladder strategy to help manage interest rate risk.
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 Fund's website under the "Literature" tab. Distributions may be comprised of sources other than income, which may not reflect actual Fund performance.
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.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, and has more than $186 billion1 in total assets across fixed income, equity, and alternatives. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 250+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
|1 Guggenheim Investments total asset figure is as of 06.30.2014. The assets include leverage of $12.1bn for assets under management and $0.4 bn for assets for which we provide administrative services. Guggenheim Investments represents the following affiliated investment management businesses: GS GAMMA Advisors, LLC, Guggenheim Aviation, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Partners Investment Management, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners India Management, Guggenheim Real Estate, LLC, Security Investors, LLC and Transparent Value Advisors, LLC.|
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) at www.guggenheiminvestments.com or call 800.820.0888.
Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"). Securities offered through Guggenheim Funds Distributors, LLC. Guggenheim Funds Distributors, LLC. is affiliated with Guggenheim Partners, LLC.
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