Only one of Guggenheim Funds’ 38 ETFs are paying long-term capital gains in 2010, consistent with the tax-efficient structure that ETFs generally provide investors. To learn more about the tax-efficient nature of ETFs, view Accounting for Taxes: Turning to ETFs to Help Manage Your Bottom Line.
Please note that some of the funds listed below were impacted by Passive Foreign Investment Company (PFIC) tax adjustments. PFICs are generally defined as non-U.S. corporations with 50% or more of their assets invested in cash or securities, or 75% or more of their gross income originating from passive sources. Passive sources include, but are not limited to rents, interest and dividends. As such, these foreign companies primarily generate their revenue from investments versus operations. The approximate percentage of the total distribution that resulted from the fund holding PFICs was as follows: EEB (1.3%), EEN (23.8%), XGC (6.9%), FAA (100%) and CQQQ (2.9%).
BulletShares January 2011 Monthly Distributions
BulletShares 2010 Supplemental Distributions
Guggenheim Funds ETFs Distributions (excluding BulletShares)
1 Prior to July 27, 2011, the Fund sought to replicate an index called the Delta Global Shipping Index. The Performance information prior to July 27, 2011 is based upon the performance and operating expenses of the Delta Global Shipping Index.
2 On June 1, 2011, the name of this Fund changed to Guggenheim Enhanced Core Bond ETF and the Fund's ticker symbol changed to GIY. The Fund’s investment objective changed. The Guggenheim Enhanced Core Bond ETF’s investment objective seeks total return, comprised of income and capital appreciation. The Fund no longer operates as an index-based ETF, but as an actively managed ETF. Prior to June 1, 2011, the Fund’s name was Claymore U.S. Capital Markets Bond ETF and the Fund sought to replicate an index called The Capital Markets Bond Index℠ . Performance is based on a passively managed strategy and may vary under the actively managed strategy.
3 Prior to December 5, 2011, the Fund's name was Guggenheim Enhanced Ultra-Short Bond ETF. On June 1, 2011, the name of this Fund changed to Guggenheim Enhanced Ultra-Short Bond ETF and the Fund's ticker symbol changed to GSY. The Fund’s investment objective changed. The Guggenheim Enhanced Ultra-Short Bond ETF’s investment objective seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund no longer operates as an index-based ETF, but as an actively managed ETF. Prior to June 1, 2011, the Fund's name was Claymore U.S. Capital Markets Micro-Term Income ETF and the Fund sought to replicate an index called The Capital Markets Liquidity Index℠. Performance is based on a passively managed strategy and may vary under the actively managed strategy.
4 Prior to March 31, 2009, the Fund’s name was the Claymore/Robeco Developed International Equity ETF and the Fund sought to replicate an index called the Robeco Developed International Equity Index. The Performance information prior to March 31, 2009 is based upon the performance and operating expenses of the Claymore/Robeco Developed International Equity ETF.
5 Prior to August 20, 2010, the Fund’s name was Claymore/Sabrient Stealth ETF and the Fund sought to replicate an index called the Sabrient Stealth Index. The Performance information prior to August 20, 2010 is based upon the performance and operating expenses of the Claymore/Sabrient Stealth ETF.
6 Prior to July 27, 2009, the Fund’s name was Claymore/Great Companies Large-Cap Growth Index ETF and the Fund sought to replicate an index called the Great Companies Large-Cap Growth Index. The Performance information prior to July 27, 2009 is based upon the performance and operating expenses of the Claymore/Great Companies Large-Cap Growth Index ETF.
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. A distribution rate that is largely comprised of sources other than income may not be reflective of the Fund’s performance.
Guggenheim Funds Distributors, Inc. (“Guggenheim Funds”) offers strategic investment solutions for financial advisors and their valued clients. As an innovator in exchange-traded funds (ETFs), unit investment trusts (UITs) and closed-end funds (CEFs), Guggenheim Funds often leads its peers with creative investment strategy solutions. Guggenheim Funds and its affiliates provide supervision, management or servicing of assets with a commitment to consistently delivering exceptional service. Guggenheim Funds is a subsidiary of Guggenheim Partners, LLC, a privately held global financial services firm with more than $125 billion in assets under management. Guggenheim Partners, through its affiliates, provides investment management, investment advisory, insurance, investment banking, and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe, and Asia.
There can be no assurance that the Funds will achieve their investment objectives. An investment in a Guggenheim Funds ETF is subject to certain risks and other considerations, including the loss of principal. Some general risks and considerations associated with investing in an ETF may include: Credit/Default Risk, Asset Class Risk, Call Risk/Prepayment Risk, Extension Risk, Liquidity Risk, Foreign Issuers Risk, Declining Yield Risk, Fluctuation of Yield and Liquidation Amount Risk, Derivative Risk, Investment Risk, Equity Risk, Foreign Investment Risk, Income Risk, Non-Correlation Risk, Small Company Risk, Emerging Markets Risk, Industry/Sector Risk, Replication Management Risk, Issuer-Specific Changes, Non-Diversified Fund Risk. ULQ is not a money market fund and thus does not seek to maintain a stable net asset value of $1.00 per share. Please refer to the ETFs’ prospectuses for a more detailed discussion of Fund-specific risks and considerations.
Guggenheim Funds Distributors, Inc. does not offer tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Member FINRA/SIPC
(2011)