NEW YORK, June 30, 2017 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, has changed the name of the Guggenheim Enhanced Short Duration ETF to the Guggenheim Ultra Short Duration ETF. The name change is effective today. The fund’s ticker symbol remains the same (NYSE Arca:GSY).
The name change more accurately describes and provides greater clarity of the fund’s investment strategy. The fund holds a diversified portfolio of varying maturities, with an average duration of less than one year.
The fund is appropriately categorized in Morningstar’s Ultrashort Bond Category due to its investment guidelines and portfolio holdings. The Adviser believes the new name will enable investors and financial professionals to precisely identify the fund’s investment strategy.
There will be no change in the actively managed fund’s investment objective or investment strategy. There also will be no changes to the fund’s portfolio management team of B. Scott Minerd, Anne B. Walsh, James W. Michal, Steven H. Brown, and Kris Dorr.
An actively managed ETF combines the benefits of the ETF structure with the dynamics of an actively managed strategy. The result is a transparent, diversified, and liquid investment product blended with portfolio management expertise. An active ETF doesn't just seek to match its benchmark—it strives to outperform it while also seeking to mitigate risk.
“Guggenheim’s actively managed approach allows the portfolio investment team the latitude to express its market views, while still adhering to the fund’s stated objectives—offering investors enhanced yield opportunities within a risk-managed approach,” said William H. Belden, Managing Director and Head of ETF Business Development for Guggenheim Investments.
“GSY can be used for tactical cash positions to deliver potentially greater return than cash as well as liquidity for non-immediate needs. It also may provide the flexibility to invest in floating-rate securities, which reset based on current interest rates, strategically positioning the fund for a changing interest-rate environment.”
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with $217 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.
The funds may not be suitable for all investors. Investments in fixed-income securities are subject to the possibility that interest rates could rise, causing the value of the fund’s securities and share price to decline. High yield, below investments grade, and unrated securities may present greater risks and volatility because these securities may be less liquid, present more credit risk than investment grade bonds, and are subject to greater risk of default. Some asset-backed securities, including mortgage-backed securities and CLOS, may have structures that make their reaction to interest rates and other factors difficult to predict, causing their prices to be volatile. These instruments are particularly subject to interest rate, credit liquidity, and valuation risks. The fund is actively managed, which means that investment decisions are made based on investments views. There is no guarantee that the investment views will produce the desired investment objectives. Furthermore, active trading that can accompany active management, may have a negative impact on performance and result in higher brokerage costs, which are ultimately passed on to shareholders of the fund. Please read the prospectus for more details about these and other risks.
This material is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.
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.
1 Guggenheim Investments total asset figure is as of 03.31.2017 and includes $11.7bn of leverage for assets under management and $0.4bn for assets for which we provide administrative services. 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 Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 – office Ivy.McLemore@guggenheimpartners.com
Source: Guggenheim Investments