NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of Guggenheim Dow Jones Industrial Average® Dividend ETF (NYSE Arca:DJD).
Guggenheim, which pioneered strategic beta with the introduction of Guggenheim S&P 500® Equal Weight ETF (RSP) in 2003, created DJD to provide investors with focused access to some of the highest-yielding securities in the Dow Jones Industrial Average® (DJIA).
Comprised of 30 well-known, mega-cap U.S. companies, the price-weighted DJIA® was created in 1896 and remains one of the world’s most widely followed market indices.
“DJD will track the DJIA® Yield Weighted index, which is calculated using a yield-weighted methodology that weights all securities of the DJIA® by their 12-month dividend yield,” said William Belden, Guggenheim Investments Managing Director and Head of ETF Business Development.
“All 30 companies in the DJIA® must meet certain size, listing and liquidity requirements. Only those companies among them with a track record of consistent dividend payments over the previous 12 months are eligible for inclusion in the DJIA® Yield Weighted index.
“This strategic beta approach to the DJIA® should be of interest to investors as reinvested dividends historically have been a significant source of the DJIA’s total return.”
For more information, please visit http://www.guggenheiminvestments.com/etf or call 888.WHY.ETFs to speak to a representative.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with $199 billion1 in assets across fixed income, equity, and alternative strategies. 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 275+ 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 09.30.2015 and includes $11.8bn of leverage for assets under management and $0.5bn for assets for which Guggenheim provides administrative services. Values from some funds are based upon prior periods. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Aviation Partners, LLC, Guggenheim Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
Risk Considerations Guggenheim Dow Jones Industrial Average® Dividend ETF may not be suitable for all investors. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. •The fund is subject to the risk that dividend-paying stocks held by the Fund may reduce or stop paying dividends, which could adversely affect the Fund's ability to generate income. • Unlike many investment companies, the Fund is not “actively” managed. This means that, based on market and economic conditions, the Fund’s performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline. • Non-Correlation risk refers to the risk that the Advisor may not be able to cause the Fund’s performance to match or correlate to that of the Fund’s Underlying Index, either on a daily or aggregate basis. Non-Correlation risk may cause the Fund’s performance to be less than you expect. • Shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of the Fund’s holdings. In addition, although the Fund’s shares are currently listed on NYSE Arca, Inc. (the “Exchange”), there can be no assurance that an active trading market for shares will develop or be maintained. • This fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of fund shares than would occur in a more diversified fund • Please read the prospectus for more detailed information regarding these and other risks.
Index Disclaimer The "Dow Jones Industrial Average" is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Guggenheim Investments and its affiliates. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Guggenheim Investments. Guggenheim Dow Jones Industrial Average Dividend ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Dow Jones Industrial Average.
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 or call 800.820.0888.
The referenced fund is distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC (“Guggenheim”), which includes Guggenheim Funds Investment Advisors, LLC ("GFIA"), the investment advisor to the referenced fund. Guggenheim Funds Distributors, LLC is affiliated with Guggenheim and GFIA.
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE
Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 – office 917.809.0725 – mobile Ivy.McLemore@guggenheimpartners.com
Source: Guggenheim Investments