RPV

Guggenheim S&P 500® Pure Value ETF
NAV $51.00
Change $0.40 | 0.79%
As Of 4/15/14

Investment Objectives

Seeks to replicate as closely as possible, before fees and expenses, the performance of the S&P 500 Pure Value Index.


Net Asset Value

Net Asset Value $51.00
Change $0.40 | 0.79%


Summary


Ticker RPV
CUSIP 78355W304
Asset Class Style
Inception Date 3/1/06
Gross Expense Ratio 0.35%
IOPV Ticker RPV.IV
Related Index Ticker SPXPV
Investment Adviser Security Investors, LLC.
Distributor Guggenheim Distributors, LLC.


Profile

Volume 598,093
Last Sale Price $51.02
52-Week Range $51.85 / $37.50
Shares Outstanding 14,352,836
Total Net Assets $732,040,337.72

Overall Morningstar RatingTM *

as of 12/31/13

Among Mid-Cap Value Funds

As of 12/31/2013, this fund was rated, based on its risk-adjusted returns, 5 stars for 3 years, 5 stars for 5 years, and 5 stars Overall out of 14, 13 and 14 Mid-Cap Value funds, respectively.

Market Close

Market Price $51.02
Premium / Discount $0.02
Change $0.39 | 0.77%
High / Low $51.05 / $50.37


Historical Market Closes to NAV

  Days % of Total Days
Premium 1049 51.30%
Discount 797 38.97%
Equal to NAV 199 9.73%
Total 2,045 100%


Characteristics

Number of Stocks 118
Return on Equity (quarterly 3/31/14) 10.53%
Price to Earning (P/E) 17.69
Price to Book (P/B) 1.55
Dividend Amount $0.23
Ex-Dividend Date N/A

Risk

As of 3/31/14
Standard Deviation Sharpe Ratio Beta R-Squared
16.49 1.23 0.98 99.67

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 4/15/2014
Total Assets $732,040,338
Number of Stocks 118
Percent Stock 99.90%
Percent Cash / Other 0.10%

Sectors / Industries

as of 4/15/14

Holdings

as of 4/15/14

Security Name Ticker Shares
Held
Market
Value
% of Net Assets Sector / Industry
ALCOA INC AA 1,364,124 $17,801,818.20 2.43% Materials
BERKSHIRE HATHAWAY (CL.B) BRK/B 130,503 $16,152,356.31 2.21% Financials
WELLPOINT, INC. WLP 150,565 $14,525,005.55 1.98% Health Care
VALERO ENERGY CORPORATION VLO 258,270 $13,835,523.90 1.89% Energy
NABORS INDUSTRIES, LTD. NBR 569,649 $13,620,307.59 1.86% Energy
TYSON FOODS, INC. TSN 298,999 $12,689,517.56 1.73% Consumer Staples
ARCHER DANIELS MIDLAND ADM 264,164 $11,694,540.28 1.60% Consumer Staples
ASSURANT, INC. AIZ 182,674 $11,649,120.98 1.59% Financials
HUMANA, INC. HUM 103,207 $11,316,647.55 1.55% Health Care
MURPHY OIL CORPORATION MUR 183,056 $11,276,249.60 1.54% Energy
GENWORTH FINANCIAL, INC. GNW 695,615 $11,206,357.65 1.53% Financials
NRG ENERGY INC NRG 344,710 $11,154,815.60 1.52% Utilities
PHILLIPS 66-W/I PSX 138,315 $10,882,624.20 1.49% Energy
HEWLETT-PACKARD CO HPQ 327,211 $10,598,364.29 1.45% Information Technology
EXELON CORPORATION EXC 291,174 $10,482,264.00 1.43% Utilities
XEROX CORP XRX 877,463 $9,924,106.53 1.36% Information Technology
HESS CORPORATION HES 112,902 $9,720,862.20 1.33% Energy
JABIL CIRCUIT, INC. JBL 530,614 $9,206,152.90 1.26% Information Technology
UNUM GROUP UNM 270,647 $9,012,545.10 1.23% Financials
HARTFORD FINL SVCS GRP HIG 261,875 $8,893,275.00 1.21% Financials
AMER INT'L GROUP, INC. AIG 177,820 $8,862,548.80 1.21% Financials
XL GROUP PLC XL 280,518 $8,788,628.94 1.20% Financials
ENTERGY CORPORATION ETR 119,005 $8,564,789.85 1.17% Utilities
TESORO CORPORATION TSO 166,100 $8,512,625.00 1.16% Energy
ALLSTATE CORP ALL 151,274 $8,404,783.44 1.15% Financials
METLIFE INC MET 166,190 $8,289,557.20 1.13% Financials
AETNA INC AET 113,668 $8,142,038.84 1.11% Health Care
GENERAL MOTORS C GM 236,792 $7,899,381.12 1.08% Consumer Discretionary
AUTONATION INC AN 146,849 $7,799,150.39 1.07% Consumer Discretionary
L-3 COMMUNICATIONS HOLDIN LLL 66,477 $7,746,564.81 1.06% Industrials
INTEGRYS ENERGY GROUP INC TEG 124,729 $7,667,091.63 1.05% Utilities
PEPCO HOLDINGS INC. POM 349,666 $7,482,852.40 1.02% Utilities
KROGER COMPANY KR 169,210 $7,448,624.20 1.02% Consumer Staples
COMPUTER SCIENCES CORP CSC 123,067 $7,391,404.02 1.01% Information Technology
STAPLES INC SPLS 608,659 $7,346,514.13 1.00% Consumer Discretionary
RYDER SYSTEM, INC. R 92,397 $7,304,906.82 1.00% Industrials
FORD MOTOR COMPANY F 431,633 $6,837,066.72 0.93% Consumer Discretionary
CAPITAL ONE FINANCIAL COF 88,755 $6,614,022.60 0.90% Financials
LOEWS CORP L 149,843 $6,560,126.54 0.90% Financials
SUNTRUST BANKS, INC. STI 169,246 $6,438,117.84 0.88% Financials
FRONTIER COMMUNICATIONS FTR 1,089,519 $6,155,782.35 0.84% Telecommunication Services
EXPRESS SCRIPTS HLDGS ESRX 83,430 $6,142,950.90 0.84% Health Care
KOHL'S CORP KSS 112,579 $6,127,674.97 0.84% Consumer Discretionary
BANK OF AMERICA CORP BAC 373,765 $6,126,008.35 0.84% Financials
UNITEDHEALTH GROUP INC. UNH 76,202 $6,058,821.02 0.83% Health Care
JACOBS ENGINEERING GROUP JEC 97,012 $6,024,445.20 0.82% Industrials
MORGAN STANLEY MS 201,154 $5,944,100.70 0.81% Financials
FIRSTENERGY CORPORATION FE 172,095 $5,856,392.85 0.80% Utilities
EDISON INTERNATIONAL EIX 102,555 $5,840,507.25 0.80% Utilities
SYSCO CORP SYY 162,085 $5,796,159.60 0.79% Consumer Staples
FLUOR CORPORATION FLR 74,853 $5,676,851.52 0.78% Industrials
PNC FINANCIAL SERVICES PNC 68,498 $5,627,110.70 0.77% Financials
ROWAN COMPANIES INC RDC 179,647 $5,513,366.43 0.75% Energy
CARDINAL HEALTH, INC. CAH 82,022 $5,512,698.62 0.75% Health Care
D.R.HORTON, INC. DHI 253,130 $5,487,858.40 0.75% Consumer Discretionary
CVS CAREMARK CORP CVS 73,344 $5,386,383.36 0.74% Consumer Staples
TARGET CORPORATION TGT 89,330 $5,313,348.40 0.73% Consumer Discretionary
AES CORPORATION AES 370,205 $5,305,037.65 0.72% Utilities
CORNING, INC. GLW 257,792 $5,297,625.60 0.72% Information Technology
JP MORGAN CHASE & CO. JPM 96,371 $5,281,130.80 0.72% Financials
ALLEGHENY TECHNOLOGIES ATI 128,944 $5,242,863.04 0.72% Materials
TRAVELERS COS INC TRV 60,800 $5,222,112.00 0.71% Financials
PG&E CORPORATION PCG 113,918 $5,157,067.86 0.70% Utilities
GOLDMAN SACHS GROUP INC GS 32,384 $5,016,929.28 0.69% Financials
APACHE CORP APA 60,191 $5,015,716.03 0.69% Energy
CONSOLIDATED EDISON INC ED 87,575 $5,008,414.25 0.68% Utilities
BAKER HUGHES, INC. BHI 75,731 $4,946,748.92 0.68% Energy
CENTURYLINK CTL 144,970 $4,936,228.50 0.67% Telecommunication Services
ACE LIMITED ACE 49,146 $4,920,006.06 0.67% Financials
XCEL ENERGY, INC. XEL 156,158 $4,908,045.94 0.67% Utilities
SCANA CORPORATION SCG 92,570 $4,887,696.00 0.67% Utilities
PUBLIC SVC ENTERPRISE GRP PEG 123,131 $4,874,756.29 0.67% Utilities
TRANSOCEAN LTD. RIG 116,974 $4,853,251.26 0.66% Energy
DENBURY RESOURCES INC DNR 282,016 $4,678,645.44 0.64% Energy
DTE ENERGY COMPANY DTE 60,527 $4,650,894.68 0.64% Utilities
WHIRLPOOL CORPORATION WHR 30,187 $4,572,123.02 0.62% Consumer Discretionary
CHEVRON CORPORATION CVX 37,980 $4,568,994.00 0.62% Energy
ENSCO INTERNATIONAL INC ESV 88,271 $4,482,401.38 0.61% Energy
WAL-MART STORES, INC WMT 57,691 $4,435,284.08 0.61% Consumer Staples
BANK OF NY MELLON BK 133,392 $4,435,284.00 0.61% Financials
PPL CORPORATION PPL 131,435 $4,364,956.35 0.60% Utilities
PULTE HOMES, INC. PHM 231,561 $4,327,875.09 0.59% Consumer Discretionary
AGL RESOURCES INC GAS 83,794 $4,322,932.46 0.59% Utilities
MARATHON OIL CORPORATION MRO 119,981 $4,307,317.90 0.59% Energy
PINNACLE WEST CAP CORP PNW 76,076 $4,232,107.88 0.58% Utilities
CARNIVAL CORPORATION CCL 114,761 $4,156,643.42 0.57% Consumer Discretionary
MOLSON COORS BREWING CO TAP 72,517 $4,153,048.59 0.57% Consumer Staples
NASDAQ OMX GROUP INC/THE NDAQ 120,863 $4,120,219.67 0.56% Financials
NORTHEAST UTILITIES NU 88,124 $4,081,903.68 0.56% Utilities
JOY GLOBAL, INC. JOY 66,389 $4,031,140.08 0.55% Industrials
DUKE ENERGY CORPORATION DUK 55,011 $4,005,350.91 0.55% Utilities
HUDSON CITY BANCORP, INC. HCBK 405,538 $3,978,327.78 0.54% Financials
DOW CHEMICAL COMPANY DOW 83,429 $3,968,717.53 0.54% Materials
BB&T CORPORATION BBT 99,373 $3,890,452.95 0.53% Financials
NOBLE CORP NE 121,784 $3,750,947.20 0.51% Energy
AMERICAN ELECTRIC POWER AEP 71,062 $3,717,963.84 0.51% Utilities
TECO ENERGY, INC. TE 197,476 $3,596,037.96 0.49% Utilities
MOSAIC COMPANY MOS 74,343 $3,595,970.91 0.49% Materials
CONOCOPHILLIPS COP 46,555 $3,395,721.70 0.46% Energy
MACY'S, INC. M 57,317 $3,300,312.86 0.45% Consumer Discretionary
COSTCO WHOLESALE CORP. COST 28,992 $3,248,843.52 0.44% Consumer Staples
BEMIS COMPANY, INC. BMS 80,701 $3,224,004.95 0.44% Materials
INTL PAPER COMPANY IP 71,478 $3,207,932.64 0.44% Materials
DEERE & CO DE 34,205 $3,158,489.70 0.43% Industrials
CMS ENERGY CORP CMS 104,984 $3,147,420.32 0.43% Utilities
CHUBB CORPORATION CB 34,268 $3,087,204.12 0.42% Financials
EXXON MOBIL CORPORATION XOM 31,165 $3,075,362.20 0.42% Energy
WELLS FARGO & COMPANY WFC 62,543 $3,050,847.54 0.42% Financials
CINCINNATI FIN. CORP CINF 61,802 $2,976,384.32 0.41% Financials
M&T BANK CORP MTB 22,131 $2,664,351.09 0.36% Financials
FREEPORT-MCMORAN COPPER-B FCX 80,119 $2,644,728.19 0.36% Materials
AFLAC INC AFL 42,527 $2,620,939.01 0.36% Financials
STANLEY BLACK & DECKER SWK 31,775 $2,548,990.50 0.35% Industrials
QUEST DIAGNOSTICS, INC. DGX 41,810 $2,511,944.80 0.34% Health Care
PROGRESSIVE CORP/THE PGR 105,362 $2,510,776.46 0.34% Financials
AVERY DENNISON AVY 50,135 $2,484,189.25 0.34% Materials
CONAGRA FOODS INC CAG 79,236 $2,446,015.32 0.33% Consumer Staples
NUCOR CORPORATION NUE 46,335 $2,394,592.80 0.33% Materials
FEDERATED US TREAS CASH RESERVE INSTITUTIONAL 324,410 $324,409.84 0.04% NA

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.
 

2014 Guggenheim Investments. All Rights Reserved.

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

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.