Guggenheim S&P MidCap 400 Pure Value ETF
NAV $50.98
Change -$1.04 | -2.00%
As Of 1/28/15

Investment Objectives

Seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P MidCap 400 Pure Value Index.

Net Asset Value

Net Asset Value $50.98
Change -$1.04 | -2.00%


Ticker RFV
CUSIP 78355W502
Asset Class Style
Inception Date 3/1/06
Gross Expense Ratio 0.38%
Related Index Ticker SPMPV
Investment Adviser Security Investors, LLC.
Distributor Guggenheim Funds Distributors, LLC.


Volume 9,408
Last Sale Price $50.99
52-Week Range $54.99 / $47.15
Shares Outstanding 2,300,499
Total Net Assets $117,289,051.51

Overall Morningstar RatingTM *

as of 9/30/14

Among Small Value Funds

The Fund was rated, based on its risk-adjusted returns, 4 stars for 3 years, 4 stars for 5 years, and 4 stars Overall out of 14, 10 and 14 Small Value funds, respectively

Market Close

Market Price $50.99
Premium / Discount $0.01
Change -$1.05 | -2.02%
High / Low $52.36 / $50.99

Historical Market Closes to NAV

  Days % of Total Days
Premium 1038 46.28%
Discount 1043 46.50%
Equal to NAV 162 7.22%
Total 2,243 100%


Number of Stocks 105
Return on Equity (quarterly 12/31/14) 8.01%
Price to Earning (P/E) 12.91
Price to Book (P/B) 1.27
Dividend Amount $0.16
Ex-Dividend Date N/A


As of 12/31/14
Standard Deviation Sharpe Ratio Beta R-Squared
12.98 1.64 1.00 99.68

Risk Definitions

Standard Deviation A statistical measure of the historical volatility of an investment, computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average. The higher the number, the more volatility is to be expected.
Sharpe Ratio A risk-adjusted measure developed by William F. Sharpe, calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund's risk-adjusted performance.
Beta Beta is a statistical measure of volatility relative to the overall market, usually the S&P 500. A positive beta indicates movement in the same direction as the market, while a negative beta indicates movement inverse to the market. Beta for the market is generally considered to be 1. A beta above 1 or below -1 indicates more volatility than the market. A beta between 1 to -1 indicates less volatility than the market.
A measurement of how closely an investment's performance correlates with the performance of a benchmark, such as the S&P 500, and thus a measurement of what portion of its performance may be explained by the performance of the overall market or index. Values for R-squared range from 0 to 100, where 0 indicates no correlation and 100 indicates perfect correlation.


as of 1/28/2015
Total Assets $117,289,052
Number of Stocks 105
Percent Stock 99.85%
Percent Cash / Other 0.15%

Sectors / Industries

as of 1/28/15


as of 1/28/15

Security Name Ticker Shares
% of Net Assets Sector / Industry
AGCO CORPORATION AGCO 56,275 $2,420,950.50 2.06% Industrials
DOMTAR CORP. UFS 60,746 $2,264,610.88 1.93% Materials
REINSURANCE GROUP OF AMER RGA 26,895 $2,228,519.70 1.90% Financials
INGRAM MICRO INC CL A IM 85,555 $2,165,397.05 1.85% Information Technology
AVNET INC. AVT 49,355 $2,083,274.55 1.78% Information Technology
TECH DATA CORP TECD 36,651 $2,070,414.99 1.77% Information Technology
ASCENA RETAIL GROUP INC ASNA 170,970 $2,043,091.50 1.74% Consumer Discretionary
ARROW ELEC ARW 35,931 $2,004,231.18 1.71% Information Technology
HOLLYFRONTIER CORP HFC 53,485 $1,851,650.70 1.58% Energy
KBR INC KBR 109,935 $1,780,947.00 1.52% Industrials
AECOM TECHNOLOGY CORP ACM 66,813 $1,752,504.99 1.49% Industrials
HANOVER INSURANCE GROUP THG 24,538 $1,717,660.00 1.46% Financials
OLD REPUBLIC INTL CORP ORI 122,268 $1,714,197.36 1.46% Financials
WORLD FUEL SERVICES INT 35,088 $1,705,978.56 1.45% Energy
MANPOWERGROUP MAN 26,321 $1,691,650.67 1.44% Industrials
TEREX CORP. TEX 74,469 $1,678,531.26 1.43% Industrials
PATTERSON-UTI ENERGY INC PTEN 104,915 $1,655,558.70 1.41% Energy
RELIANCE STEEL & ALUMINUM RS 31,094 $1,633,056.88 1.39% Materials
RENT-A-CENTER, INC RCII 46,299 $1,629,261.81 1.39% Consumer Discretionary
KEMPER CORP KMPR 44,967 $1,590,932.46 1.36% Financials
ASPEN INSURANCE HOLDINGS AHL 36,361 $1,586,794.04 1.35% Financials
TIDEWATER TDW 54,668 $1,564,598.16 1.33% Energy
HALYARD HEALTH INC HYH 33,949 $1,555,882.67 1.33% Health Care
COMMERCIAL METALS COMPANY CMC 113,772 $1,519,993.92 1.30% Materials
COMMUNITY HEALTH SYSTEMS CYH 31,248 $1,505,216.16 1.28% Health Care
TELEPHONE DATA SYS TDS 62,144 $1,488,970.24 1.27% Telecommunication Services
UNITED STATES STEEL CORP X 62,342 $1,470,024.36 1.25% Materials
SUPERIOR ENERGY SERVICES SPN 74,752 $1,443,461.12 1.23% Energy
TIME INC TIME 57,073 $1,438,239.60 1.23% Consumer Discretionary
ROWAN COMPANIES INC RDC 67,628 $1,433,713.60 1.22% Energy
MDC HOLDINGS INC MDC 58,161 $1,420,291.62 1.21% Consumer Discretionary
HEALTH NET INC HNT 25,820 $1,414,677.80 1.21% Health Care
OWENS & MINOR OMI 39,381 $1,370,458.80 1.17% Health Care
WELLCARE GROUP, INC. WCG 17,791 $1,347,134.52 1.15% Health Care
WESTERN REFINING INC WNR 36,476 $1,326,632.12 1.13% Energy
GREIF BROS CORP GEF 33,206 $1,325,915.58 1.13% Materials
UNIT CORP UNT 46,509 $1,316,204.70 1.12% Energy
VISHAY INTERTECH INC VSH 94,659 $1,297,774.89 1.11% Information Technology
AMERICAN FINANCIAL GROUP AFG 22,035 $1,294,556.25 1.10% Financials
ATWOOD OCEANICS INC ATW 46,007 $1,290,496.35 1.10% Energy
MURPHY USA INC MUSA 18,342 $1,281,372.12 1.09% Consumer Discretionary
JABIL CIRCUIT, INC. JBL 63,031 $1,280,159.61 1.09% Information Technology
OSHKOSH CORPORATION OSK 28,760 $1,279,244.80 1.09% Industrials
FIRST AMERICAN FINANCIAL FAF 36,336 $1,246,688.16 1.06% Financials
ALLIANT TECHSYSTEMS ATK 9,633 $1,232,927.67 1.05% Industrials
ABERCROMBIE & FITCH ANF 47,079 $1,229,703.48 1.05% Consumer Discretionary
R.R.DONNELLEY & SONS CO. RRD 73,527 $1,197,754.83 1.02% Industrials
CABOT CORP CBT 28,322 $1,143,359.14 0.97% Materials
EVEREST RE GROUP RE 6,542 $1,129,410.88 0.96% Financials
ONE GAS INC OGS 23,644 $1,064,925.76 0.91% Utilities
NOW INC/DE DNOW 45,198 $1,058,537.16 0.90% Industrials
STANCORP FINANCIAL GROUP SFG 16,411 $1,054,242.64 0.90% Financials
CST BRANDS CST 22,622 $997,630.20 0.85% Consumer Discretionary
CON-WAY INC. CNW 22,997 $972,543.13 0.83% Industrials
CARBO CERAMICS INC CRR 30,104 $969,047.76 0.83% Energy
GREAT PLAINS ENERGY, INC. GXP 32,230 $952,718.80 0.81% Utilities
ADVANCED MICRO DEVICESINC AMD 359,824 $946,337.12 0.81% Information Technology
SM ENERGY CO SM 26,002 $903,569.50 0.77% Energy
FTI CONSULTING INC FCN 22,275 $888,549.75 0.76% Industrials
EXELIS INC XLS 51,201 $885,777.30 0.76% Industrials
LEXMARK INTERNATIONAL INC LXK 21,863 $870,584.66 0.74% Information Technology
SPX CORP SPW 10,477 $866,447.90 0.74% Industrials
TRIUMPH GROUP INC TGI 14,001 $863,581.68 0.74% Industrials
HAWAIIAN ELECTRIC INDUSTR HE 24,904 $848,728.32 0.72% Utilities
J C PENNEY JCP 112,312 $837,847.52 0.71% Consumer Discretionary
UNITED NATURAL FOODS INC UNFI 10,634 $837,002.14 0.71% Consumer Staples
DEAN FOODS COMPANY DF 44,206 $824,441.90 0.70% Consumer Staples
ROCK-TENN CO RKT 12,520 $816,930.00 0.70% Materials
AARON'S INC AAN 24,864 $803,107.20 0.68% Consumer Discretionary
GUESS? INC GES 40,967 $800,085.51 0.68% Consumer Discretionary
MERCURY GENERAL MCY 13,868 $799,767.56 0.68% Financials
STEEL DYNAMICS INC STLD 44,519 $787,986.30 0.67% Materials
MDU RESOURCES GROUP INC MDU 33,566 $760,269.90 0.65% Utilities
OLIN CORP OLN 29,543 $734,734.41 0.63% Materials
FIRSTMERIT CORP FMER 43,145 $714,481.20 0.61% Financials
ASSOCIATED BANC CORP ASB 42,494 $706,250.28 0.60% Financials
TRUSTMARK CORP TRMK 32,862 $703,904.04 0.60% Financials
FULTON FIN. CORP. FULT 62,907 $699,525.84 0.60% Financials
PEABODY ENERGY CORP BTU 113,731 $693,759.10 0.59% Energy
DANA HOLDING CORP DAN 33,633 $691,158.15 0.59% Consumer Discretionary
INTERNATIONAL BANCSHARES IBOC 30,015 $682,841.25 0.58% Financials
ROSETTA RESOURCES INC ROSE 38,563 $662,512.34 0.56% Energy
KENNAMETAL INC KMT 21,100 $653,889.00 0.56% Industrials
HCC INSURANCE HOLDINGS HCC 11,979 $643,751.46 0.55% Financials
UMPQUA HOLDINGS CORP UMPQ 41,182 $635,850.08 0.54% Financials
INTL SPEEDWAY CORP-CL A ISCA 20,490 $618,388.20 0.53% Consumer Discretionary
WASHINGTON FEDERAL WAFD 30,183 $607,281.96 0.52% Financials
HANCOCK HOLDING CO HBHC 23,533 $603,150.79 0.51% Financials
REGAL-BELOIT CORP. RBC 8,643 $594,206.25 0.51% Industrials
GRANITE CONSTRUCTION INC GVA 17,477 $594,043.23 0.51% Industrials
CONVERGYS CORP CVG 29,472 $577,651.20 0.49% Information Technology
OIL STATES INTERNATIONAL OIS 14,529 $577,091.88 0.49% Energy
ATMOS ENERGY CORP ATO 9,998 $575,284.92 0.49% Utilities
NCR CORPORATION NCR 21,613 $563,018.65 0.48% Information Technology
BEMIS COMPANY, INC. BMS 11,957 $533,521.34 0.45% Materials
WGL HOLDINGS INC WGL 8,746 $497,734.86 0.42% Utilities
OFFICE DEPOT INC. ODP 63,495 $492,721.20 0.42% Consumer Discretionary
VALLEY NATIONAL BANCORP VLY 50,924 $467,991.56 0.40% Financials
TCF FINANCIAL CORP TCB 32,216 $459,722.32 0.39% Financials
TIMKENSTEEL CORP TMST 15,763 $459,649.08 0.39% Materials
ANN INC ANN 13,049 $445,753.84 0.38% Consumer Discretionary
TIMKEN COMPANY TKR 10,909 $442,141.77 0.38% Industrials
NEW YORK COMMUNITY BANCOR NYCB 28,141 $433,371.40 0.37% Financials
HELIX ENERGY SOLUTIONS GR HLX 23,329 $421,321.74 0.36% Energy
PROSPERITY BANCSHARES INC PB 8,628 $397,146.84 0.34% Financials


Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, please visit the ETF performance page. ETFs are subject to third party transaction fees/commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above or below NAV. For additional information, see the fund’s prospectus.

Performance results for periods under one year are short-term and may not provide an adequate basis for evaluating the performance potential of the fund over varying market conditions or economic cycles.

Pure style ETFs may not be suitable for all investors. The ETFs are subject to the risk that large, medium and small-capitalization stocks may under-perform other segments of the equity market or the equity market as a whole •Value stocks are subject to the risk that the intrinsic value of the stock may never be realized by the market or that the price goes down. Growth stocks typically invest a high portion of their earnings back into their business and may lack the dividend yield that could cushion their decline in a market downturn. Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions regarding the growth potential of the issuing company. • The Funds are subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the Fund’s inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be difficult for the Funds to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Funds may lose money. • Unlike many investment companies, the Funds are 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. • Tracking error risk refers to the risk that the Advisor may not be able to cause the Funds’ performance to match or correlate to that of the Funds’ Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause the Funds’ 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 Funds’ holdings. In addition, although the Funds’ 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. • Each Fund is considered nondiversified 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. •See Prospectus for more details

Composition is subject to change. Information provided is for illustration purposes only and may not reflect current investments by the fund. Referenced companies are not affiliated with Guggenheim Investments and Guggenheim Investments does not sponsor, endorse, sell or promote the referenced companies.

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500”, “500”, “S&P MidCap 400”, “S&P SmallCap 600”, “S&P 500 Pure Value”, “S&P 500 Pure Growth”, “S&P MidCap 400 Pure Value”, “S&P MidCap 400 Pure Growth”, “S&P SmallCap 600 Pure Value”, and “S&P Small Cap 600 Pure Growth” are trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by Guggenheim Investments. Citigroup® is a registered trademark of Citigroup and/or its affiliates and has been licensed for use by S&P. The fund is not sponsored, endorsed, sold or promoted by S&P or Citigroup or their affiliates and neither S&P nor Citigroup or their affiliates make any representation, warranty or condition regarding the advisability of investing in the fund.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.


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• Not FDIC Insured • No Bank Guarantee • May Lose Value