Guggenheim Investments Expands Increasingly Popular BulletShares® Product Suite with Four New ETFs

NEW YORK, Sept. 17, 2014 /PRNewswire/ -- Guggenheim Investments, the investment management division of Guggenheim Partners, today announced the launch of four new BulletShares® ETFs: Guggenheim BulletShares 2023 Corporate Bond ETF (NYSE Arca: BSCN), Guggenheim BulletShares 2024 Corporate Bond ETF (NYSE Arca: BSCO), Guggenheim BulletShares 2021 High Yield Corporate Bond ETF (NYSE Arca: BSJL), and Guggenheim BulletShares 2022 High Yield Corporate Bond ETF (NYSE Arca: BSJM).

Launched in 2010, the Guggenheim BulletShares line-up now consists of 20 unique defined-maturity investment grade and high yield corporate bond ETFs. Unlike other fixed-income ETFs, 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. With maturity dates spanning from 2014 to 2024, BulletShares track indices of approximately 30 to 300 corporate bonds with effective maturities in the same calendar year as each fund's maturity.

"Our investment-grade and high yield BulletShares offer investors a creative way to tap into the fixed-income market by focusing on securities with a given maturity date," said William Belden, Managing Director, Product Development at Guggenheim Investments. "The defined-maturity feature continues to be an effective investment strategy for investors looking to save for life events like retirement and college costs amid a volatile economic environment."

The complete BulletShares line-up includes:

• Guggenheim BulletShares 2014 Corporate Bond ETF(BSCE)
• Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF)
• Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG)
• Guggenheim BulletShares 2017 Corporate Bond ETF (BSCH)
• Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI),
• Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ)
• Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK)
• Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL)
• Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM)
• Guggenheim BulletShares 2023 Corporate Bond ETF (BSCN)
• Guggenheim BulletShares 2024 Corporate Bond ETF (BSCO)
• Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (BSJE)
• Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (BSJF)
• Guggenheim BulletShares 2016 High Yield Corporate Bond ETF (BSJG)
• Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (BSJH)
• Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI)
• Guggenheim BulletShares 2019 High Yield Corporate Bond ETF (BSJJ)
• Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (BSJK)
• Guggenheim BulletShares 2021 High Yield Corporate Bond ETF (BSJL)
• Guggenheim BulletShares 2022 High Yield Corporate Bond ETF (BSJM)

Year-to-date, the BulletShares product suite asset base has grown $1.9 billion through August 31, 2014 to more than $6.1 billion, an increase of 44% YTD. For the trailing 12 months, the assets have grown 82%. Guggenheim's entire family of ETFs continue to gain widespread investor acceptance, with a year-to-date increase in assets under management of 30.3%, compared with an industry average of 12.5%. Overall, Guggenheim Investments total ETP assets under management are $28 billion as of August 31, 2014. The firm currently ranks seventh in assets among U.S. ETF providers.¹

About Guggenheim Investments BulletShares® ETFs

Combining the benefits of bonds—control of portfolio maturity, yield and credit quality—with the broad diversification, liquidity and convenience of ETFs, Guggenheim Investments BulletShares® ETFs offer investors the best of both worlds. To view the entire BulletShares offering, please visit guggenheiminvestments.com/etf.

With maturity dates spanning from 2014 to 2024, there are 20 corporate bond and high-yield corporate bond BulletShares ETFs to choose from. These defined-maturity ETFs enable investors to implement date-sensitive investment strategies such as building a laddered bond portfolio, filling gaps in existing portfolios, obtaining year-specific yield-curve exposure and managing future cash flow needs.

About Guggenheim Investments

Guggenheim Investments represents the investment management division of Guggenheim Partners, which consist of investment managers with approximately $183.8 billion in combined total assets.² 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.

1 Source: ETF.com, as of 8.31.2014.
²Assets Under Management(AUM) is as of 6/30/2014 and includes $12.141B of leverage. AUM includes 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.

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.

RISK CONSIDERATIONS Investors should consider the following risk factors and special considerations associated with investing in the fund, which may cause you to lose money, including the entire principal amount that you invest. Interest Rate Risk: As interest rates rise, the value of fixed-income securities held by the fund are likely to decrease. Securities with longer durations tend to be more sensitive to interest rate changes, making them more volatile than securities with shorter durations. Credit/Default Risk: Issuers or guarantors of debt instruments or the counterparty to a repurchase agreement or loan of portfolio securities may be unable or unwilling to make timely interest and/or principal payments or otherwise honor its obligations. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. Securities issued by the U.S. government generally have less credit risk than debt securities of nongovernment issuers. High-Yield Securities Risk: High yield securities generally offer a higher current yield than that available from higher-grade issues, but typically involve greater risk. Securities rated below investment grade are commonly referred to as "junk bonds." The ability of issuers of high-yield securities to make timely payments of interest and principal may be adversely impacted by adverse changes in general economic conditions, changes in the financial condition of the issuers and price fluctuations in response to changes in interest rates. Asset Class Risk: The bonds in the fund's portfolio may underperform the returns of other bonds or indexes that track other industries, markets, asset classes or sectors. Call Risk/Prepayment Risk: During periods of falling interest rates, an issuer of a callable bond may exercise its right to pay principal on an obligation earlier than expected. This may result in the fund's having to reinvest proceeds at lower interest rates, resulting in a decline in the fund's income. Extension Risk: An issuer may exercise its right to pay principal on an obligation later than expected. This may happen when there is a rise in interest rates. Under these circumstances, the value of the obligation will decrease and the fund's performance may suffer from its inability to invest in higher-yielding securities. Income Risk: Falling interest rates may cause the fund's income to decline. Liquidity Risk: If the fund invests in illiquid securities or securities that become illiquid, fund returns may be reduced because the fund may be unable to sell the illiquid securities at an advantageous time or price. Declining Yield Risk: During the final year of the fund's operations, as the bonds held by the fund mature and the fund's portfolio transitions to cash and cash equivalents, the fund's yield will generally tend to move toward the yield of cash and cash equivalents and thus may be lower than the yields of the bonds previously held by the fund and/or prevailing yields for bonds in the market. Fluctuation of Yield and Liquidation Amount Risk: The fund, unlike a direct investment in a bond that has a level coupon payment and afixed payment at maturity, will make distributions of income that vary over time. Unlike a direct investment in bonds, the breakdown of returns between fund distributions and liquidation proceeds are not predictable at the time of your investment. For example, at times during the fund's existence, it may make distributions at a greater (or lesser) rate than the coupon payments received on the fund's portfolio, which will result in the fund returning a lesser (or greater) amount on liquidation than would otherwise be the case. The rate of fund distribution payments may adversely affect the tax characterization of your returns from an investment in the fund relative to a direct investment in corporate bonds. If the amount you receive as liquidation proceeds upon the fund's termination is higher or lower than your cost basis, you may experience a gain or loss for tax purposes. Financial Services Sector Risk: The financial services industries are subject to extensive government regulation, can be subject to relatively rapid change due to increasingly blurred distinctions between service segments, and can be significantly affected by availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition. Consumer Discretionary Sector Risk: The success of consumer product manufacturers and retailers is tied closely to the performance of the overall domestic and international economy, interest rates, competitive and consumer confidence. Success depends heavily on disposable household income and consumer spending. Concentration Risk: If the index concentrates in an industry or group of industries, the fund's investments will be concentrated accordingly. In such event, the value of the fund's shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. In addition the funds are subject to: Non-Correlation Risk, Replication Management Risk, Issuer- Specific Changes and Non- Diversified fund Risk. Please read the fund's prospectus for more detailed information on these risks and considerations.

The referenced fund is distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC ("Guggenheim"), which includes Guggenheim Funds Investment Advisors ("GFIA"), the investment advisers to the referenced funds. Guggenheim Funds Distributors, LLC is affiliated with Guggenheim and GFIA.

For general inquiries please contact:

Ivy McLemore
Guggenheim Partners
212-518-9859 
[email protected]

Seth Lubove
Sitrick and Company
310-788-2850
[email protected]

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SOURCE Guggenheim Investments