RZV

Guggenheim S&P SmallCap 600 Pure Value ETF
NAV $60.32
Change -$1.32 | -2.14%
As Of 7/31/14

Investment Objectives

Seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P SmallCap 600 Pure Value Index.


Net Asset Value

Net Asset Value $60.32
Change -$1.32 | -2.14%


Summary


Ticker RZV
CUSIP 78355W700
Asset Class Style
Inception Date 3/1/06
Gross Expense Ratio 0.35%
IOPV Ticker RZV.IV
Related Index Ticker SPSPV
Investment Adviser Security Investors, LLC.
Distributor Guggenheim Funds Distributors, LLC.


Profile

Volume 20,094
Last Sale Price $60.37
52-Week Range $65.04 / $51.76
Shares Outstanding 2,900,040
Total Net Assets $174,917,513.89

Overall Morningstar RatingTM *

as of 3/31/14

Among Small Value Funds

This Fund was rated, based on its risk-adjusted returns, 5 stars for 3 years, 4 stars for 5 years, and 4 stars Overall out of 12, 10 and 12 Small Value funds, respectively

Market Close

Market Price $60.37
Premium / Discount $0.05
Change -$1.22 | -1.98%
High / Low $61.19 / $60.00


Historical Market Closes to NAV

  Days % of Total Days
Premium 908 42.85%
Discount 1079 50.92%
Equal to NAV 132 6.23%
Total 2,119 100%


Characteristics

Number of Stocks 148
Return on Equity (quarterly 6/30/14) 4.22%
Price to Earning (P/E) 16.36
Price to Book (P/B) 1.22
Dividend Amount $0.10
Ex-Dividend Date N/A

Risk

As of 7/31/14
Standard Deviation Sharpe Ratio Beta R-Squared
20.43 N/A 1.03 99.50

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.
R-Squared
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.

Overview

as of 7/31/2014
Total Assets $174,917,514
Number of Stocks 148
Percent Stock 99.87%
Percent Cash / Other 0.13%

Sectors / Industries

as of 7/31/14

Holdings

as of 7/31/14

Security Name Ticker Shares
Held
Market
Value
% of Net Assets Sector / Industry
GREEN PLAINS REN GPRE 132,827 $4,979,684.23 2.85% Energy
SANMINA-SCI CORP SANM 133,455 $3,108,166.95 1.78% Information Technology
CENTRAL GARDEN AND PET CO CENTA 328,522 $3,065,110.26 1.75% Consumer Staples
PIONEER ENERGY SERVICES PES 201,787 $2,968,286.77 1.70% Energy
PERRY ELLIS INTERNATIONAL PERY 160,007 $2,944,128.80 1.68% Consumer Discretionary
Century Aluminum Co CENX 140,810 $2,647,228.00 1.51% Materials
MANTECH INTERNATIONAL COR MANT 92,620 $2,500,740.00 1.43% Information Technology
CASH AMERICA INTERNATIONA CSH 53,671 $2,382,455.69 1.36% Financials
SENECA FOODS-A SENEA 81,636 $2,336,422.32 1.34% Consumer Staples
ENGILITY HOLDING EGL 64,199 $2,218,717.44 1.27% Industrials
STEWART INFORMATION SERVI STC 75,248 $2,217,558.56 1.27% Financials
PHARMERICA CORP PMC 77,874 $2,101,819.26 1.20% Health Care
INSIGHT ENTERPRISES INC NSIT 77,168 $2,027,203.36 1.16% Information Technology
BENCHMARK ELECTRONICS INC BHE 81,208 $1,961,173.20 1.12% Information Technology
MOLINA HEALTHCARE INC MOH 47,518 $1,941,110.30 1.11% Health Care
KINDRED HEALTHCARE, INC. KND 81,026 $1,936,521.40 1.11% Health Care
EZCORP INC EZPW 195,280 $1,911,791.20 1.09% Financials
SCHOLASTIC CORP SCHL 53,786 $1,905,100.12 1.09% Consumer Discretionary
GROUP 1 AUTOMOTIVE INC GPI 25,359 $1,874,537.28 1.07% Consumer Discretionary
CDI CORP CDI 134,830 $1,870,092.10 1.07% Industrials
ATLAS AIR WORLDWIDE AAWW 54,510 $1,865,332.20 1.07% Industrials
BLACK BOX CORP BBOX 88,713 $1,836,359.10 1.05% Information Technology
MATERION CORP MTRN 56,539 $1,826,775.09 1.04% Materials
CACI INTERNATIONAL INC CACI 25,994 $1,793,326.06 1.03% Information Technology
SKYWEST, INC. SKYW 164,958 $1,763,401.02 1.01% Industrials
PIPER JAFFRAY COS PJC 33,723 $1,740,106.80 0.99% Financials
MONSTER WORLDWIDE, INC. MWW 260,286 $1,691,859.00 0.97% Information Technology
SUPER MICRO COMPUTER INC SMCI 62,266 $1,629,501.22 0.93% Information Technology
FRED'S INC FRED 101,819 $1,611,794.77 0.92% Consumer Discretionary
TITAN INTERNATIONAL INC TWI 107,751 $1,607,644.92 0.92% Industrials
CIBER INC CBR 459,979 $1,605,326.71 0.92% Information Technology
M/I HOMES INC MHO 77,834 $1,601,823.72 0.92% Consumer Discretionary
MAGELLAN HEALTH SERVICES MGLN 27,663 $1,593,388.80 0.91% Health Care
GRIFFON CORPORATION GFF 147,183 $1,585,160.91 0.91% Industrials
SPARTANNASH CO SPTN 75,446 $1,581,348.16 0.90% Consumer Staples
SYNNEX CORPORATION SNX 24,342 $1,570,059.00 0.90% Information Technology
HUB GROUP INC HUBG 33,449 $1,544,674.82 0.88% Industrials
OLYMPIC STEEL INC ZEUS 69,196 $1,517,468.28 0.87% Materials
KELLY SERVICES INC KELYA 94,883 $1,512,435.02 0.86% Industrials
EMCOR GROUP INC EME 36,083 $1,476,877.19 0.84% Industrials
SONIC AUTOMOTIVE INC SAH 60,702 $1,476,272.64 0.84% Consumer Discretionary
EXTERRAN HOLDINGS INC. EXH 34,597 $1,461,723.25 0.84% Energy
CALAMOS ASSET MANAGEMENT CLMS 120,235 $1,425,987.10 0.82% Financials
UNITED FIRE GROUP INC UFCS 50,445 $1,425,575.70 0.81% Financials
CENTENE CORP CNC 19,599 $1,412,891.91 0.81% Health Care
ABM INDUSTRIES INC ABM 57,301 $1,410,177.61 0.81% Industrials
BOISE CASCADE CO BCC 49,617 $1,396,718.55 0.80% Materials
AEGION CORP AEGN 60,536 $1,386,879.76 0.79% Industrials
REGIS CORP RGS 99,084 $1,380,240.12 0.79% Consumer Discretionary
CLOUD PEAK ENERG CLD 88,652 $1,372,332.96 0.78% Energy
SCHULMAN A INC SHLM 34,156 $1,357,359.44 0.78% Materials
BROWN SHOE COMPANY, INC. BWS 48,001 $1,353,148.19 0.77% Consumer Discretionary
STAGE STORES INC SSI 74,544 $1,343,282.88 0.77% Consumer Discretionary
UNIVERSAL FOREST PRODUCTS UFPI 30,129 $1,319,047.62 0.75% Industrials
KAISER ALUMINUM CORP. KALU 17,044 $1,316,137.68 0.75% Materials
SUPERIOR INDUSTRIES INTER SUP 70,241 $1,314,209.11 0.75% Consumer Discretionary
VOXX INTERNATIONAL CORP. VOXX 131,903 $1,307,158.73 0.75% Consumer Discretionary
NAVIGATORS GROUP INC NAVG 21,452 $1,304,281.60 0.75% Financials
SWIFT ENERGY CO SFY 117,104 $1,293,999.20 0.74% Energy
UNITED STATIONER USTR 33,214 $1,281,396.12 0.73% Industrials
SCANSOURCE INC SCSC 35,759 $1,280,529.79 0.73% Information Technology
CROSS COUNTRY HEALTHCARE CCRN 177,684 $1,277,547.96 0.73% Health Care
AAR CORP AIR 47,180 $1,269,142.00 0.73% Industrials
INFINITY PROP & CASUALTY IPCC 19,553 $1,266,252.28 0.72% Financials
PEP BOYS-MANNY MOE & JACK PBY 118,367 $1,252,322.86 0.72% Consumer Discretionary
LHC GROUP INC. LHCG 52,730 $1,238,100.40 0.71% Health Care
MARCUS CORP MCS 69,746 $1,232,411.82 0.70% Consumer Discretionary
BEL FUSE INC BELFB 50,401 $1,191,479.64 0.68% Information Technology
TTM TECHNOLOGIES INC TTMI 158,271 $1,188,615.21 0.68% Information Technology
BRINK'S COMPANY BCO 43,402 $1,164,909.68 0.67% Industrials
RUBY TUESDAY INC RT 192,256 $1,155,458.56 0.66% Consumer Discretionary
SANDERSON FARMS INC SAFM 11,953 $1,088,798.77 0.62% Consumer Staples
NEW JERSEY RESOURCES CORP NJR 20,571 $1,050,766.68 0.60% Utilities
HORACE MANN EDUCATORS COR HMN 36,584 $1,048,131.60 0.60% Financials
ANIXTER INTERNATIONAL INC AXE 12,186 $1,047,630.42 0.60% Information Technology
AVISTA CORP AVA 33,536 $1,040,622.08 0.59% Utilities
ALMOST FAMILY INC AFAM 39,985 $937,248.40 0.54% Health Care
INSPERITY INC. NSP 29,316 $935,473.56 0.53% Industrials
SPOK HOLDINGS INC SPOK 62,297 $932,586.09 0.53% Telecommunication Services
HEIDRICK & STRUGGLES INTE HSII 49,657 $927,096.19 0.53% Industrials
STEIN MART INC SMRT 71,212 $924,331.76 0.53% Consumer Discretionary
BIGLARI HOLDINGS INC BH 2,163 $919,296.63 0.53% Consumer Discretionary
VIAD CORP VVI 43,215 $917,022.30 0.52% Industrials
PLEXUS CORPORATION PLXS 22,996 $904,432.68 0.52% Information Technology
CAREER EDUCATION CORP CECO 175,831 $898,496.41 0.51% Consumer Discretionary
WINTRUST FINANCIAL CORP WTFC 19,385 $898,107.05 0.51% Financials
CHRISTOPHER & BANKS CORP CBK 103,218 $882,513.90 0.50% Consumer Discretionary
SAFETY INSURANCE GROUP IN SAFT 16,944 $847,369.44 0.48% Financials
AM CASTLE & CO CAS 101,240 $838,267.20 0.48% Materials
OPLINK COMMUNICATIONS INC OPLK 43,803 $834,885.18 0.48% Information Technology
CAPSTEAD MORTGAGE CORP CMO 64,698 $830,722.32 0.47% Financials
CLEARWATER PAPER CORP CLW 12,177 $823,165.20 0.47% Materials
MEADOWBROOK INSURANCE GRO MIG 136,391 $822,437.73 0.47% Financials
GULF ISLAND FABRICATION I GIFI 42,063 $820,228.50 0.47% Energy
GENESCO INC GCO 10,721 $817,690.67 0.47% Consumer Discretionary
ASTEC INDUSTRIES INC ASTE 20,893 $812,110.91 0.46% Industrials
SUSQUEHANNA BANCSHARES IN SUSQ 79,331 $807,589.58 0.46% Financials
BIG 5 SPORTING GOODS CORP BGFV 81,275 $805,435.25 0.46% Consumer Discretionary
INVACARE CORP IVC 52,586 $787,212.42 0.45% Health Care
SELECTIVE INS GROUP SIGI 34,690 $773,240.10 0.44% Financials
GIBRALTAR INDUSTRIES INC ROCK 51,512 $756,711.28 0.43% Industrials
KAMAN CORP KAMN 18,710 $748,587.10 0.43% Industrials
BRIGGS & STRATTON CORP BGG 40,268 $738,112.44 0.42% Industrials
ATLANTIC TELE-NETWORK INC ATNI 12,512 $732,077.12 0.42% Telecommunication Services
NETGEAR INC NTGR 22,713 $711,144.03 0.41% Information Technology
BROOKLINE BANCORP INC BRKL 77,268 $697,730.04 0.40% Financials
CROCS INC CROX 42,651 $676,871.37 0.39% Consumer Discretionary
HEALTHWAYS, INC. HWAY 38,611 $667,584.19 0.38% Health Care
STANDARD PACIFIC CORP SPF 88,408 $666,596.32 0.38% Consumer Discretionary
MATSON INC MATX 24,362 $656,555.90 0.38% Industrials
CHILDRENS PLACE RETAIL ST PLCE 12,491 $627,048.20 0.36% Consumer Discretionary
KULICKE & SOFFA INDUSTRIE KLIC 45,553 $620,431.86 0.35% Information Technology
CURTISS-WRIGHT CORP CW 9,710 $616,682.10 0.35% Industrials
DIODES INC DIOD 23,878 $608,889.00 0.35% Information Technology
ALLIANCE ONE INTL AOI 265,949 $603,704.23 0.35% Consumer Staples
LACLEDE GROUP INC/THE LG 12,788 $600,780.24 0.34% Utilities
GLATFELTER GLT 25,168 $598,998.40 0.34% Materials
ZEP INC ZEP 36,403 $567,522.77 0.32% Materials
MERITAGE HOMES CORP MTH 14,606 $559,409.80 0.32% Consumer Discretionary
ARCH COAL, INC. ACI 187,661 $557,353.17 0.32% Energy
MUELLER INDUSTRIES INC MLI 19,831 $551,896.73 0.32% Industrials
ROFIN-SINAR TECHNO ADR RSTI 24,555 $536,035.65 0.31% Information Technology
RESOURCES CONNECTION INC RECN 35,452 $535,325.20 0.31% Industrials
NEENAH PAPER INC NP 10,683 $530,090.46 0.30% Materials
BROOKS AUTOMATION INC BRKS 52,060 $529,970.80 0.30% Information Technology
AMN HEALTHCARE SERVICES I AHS 40,308 $528,034.80 0.30% Health Care
KRATON PERFORMAN KRA 25,438 $524,277.18 0.30% Materials
RUDOLPH TECHNOLOGIES INC RTEC 56,746 $522,630.66 0.30% Information Technology
EBIX INC EBIX 41,460 $520,737.60 0.30% Information Technology
KORN/FERRY INTERNATIONAL KFY 17,646 $519,145.32 0.30% Industrials
NORTHWESTERN CORPORATION NWE 11,179 $516,693.38 0.30% Utilities
SWS GROUP INC SWS 72,014 $515,620.24 0.29% Financials
PROVIDENT FINANCIAL SERVI PFS 29,422 $491,641.62 0.28% Financials
MERCURY COMPUTER SYSTEMS MRCY 43,141 $476,708.05 0.27% Information Technology
QUANEX BUILDING PRODUCTS NX 27,872 $476,332.48 0.27% Industrials
PROASSURANCE CORPORATION PRA 10,901 $475,610.63 0.27% Financials
DIGI INTERNATIONAL INC DGII 57,519 $475,106.94 0.27% Information Technology
FNB CORP/PA FNB 38,045 $467,953.50 0.27% Financials
UTI WORLDWIDE, INC. UTIW 46,634 $441,157.64 0.25% Industrials
NATIONAL PRESTO INDUSTRIE NPK 6,863 $439,918.30 0.25% Industrials
FINISH LINE/THE FINL 16,416 $431,576.64 0.25% Consumer Discretionary
UIL HOLDINGS CORP UIL 12,164 $427,078.04 0.24% Utilities
ORION MARINE GROUP INC ORN 39,212 $423,881.72 0.24% Industrials
SIZMEK INC SZMK 43,119 $391,951.71 0.22% Consumer Discretionary
OM GROUP INC OMG 13,434 $379,779.18 0.22% Materials
SEACOR SMIT INC CKH 4,994 $379,344.24 0.22% Energy
STEPAN CO SCL 6,729 $323,799.48 0.19% Materials
FEDERATED US TREAS CASH RESERVE INSTITUTIONAL 223,487 $223,486.94 0.13% NA
AEROPOSTALE, INC. ARO 47,832 $158,802.24 0.09% Consumer Discretionary

Disclosure

*Morningstar category is based on the underlying securities of the ETF and not the objective. The Morningstar Rating™ is provided for those exchange-traded funds (“ETFs”) with at least a three-year history. Ratings are based on the ETF’s Morningstar Risk-Adjusted Return measure which accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF’s risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF’s risk-adjusted return to the open-end mutual fund rating breakpoints for that category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF’s 3-, 5-, and 10-year rating). The determination of an ETF’s rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.

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.

2014 Guggenheim Investments. All Rights Reserved.
• Not FDIC Insured • No Bank Guarantee • May Lose Value