Fixed Income in Focus Guggenheim BulletShares Defined ...

Fixed Income in Focus Guggenheim BulletShares? Defined-Maturity ETFs

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE PUBLIC.

Guggenheim BulletShares? ETFs Uncertainty in Fixed Income

? Accessing return remains a challenge -- benign credit and low interest rates ? Interest rate risk remains a major concern ? The 10-year Treasury has shifted into a higher range ? Continued talk and speculation surrounds the future of quantitative easing Many investors are anticipating a rising interest rate environment. However, when exactly the shift to higher rates will occur is difficult to predict, adding to the level of uncertainty.

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE PUBLIC.

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Guggenheim BulletShares? ETFs

Market at Dislocation

One of the major effects of quantitative easing is that the market finds itself in a period of dislocation

Source: Bloomberg, Haver Analytics, Guggenheim Investments. Data as of 5/31/2013. *Note: Real 10-year yield calculated by using nominal 10-year and core personal consumption expenditure inflation.

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE PUBLIC.

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Guggenheim BulletShares? ETFs

Managing the Uncertainty

Fixed income investors should develop a sustainable, long-term strategy to generate yield and manage interest rate risk

Recent developments in ETFs give investors the opportunity to position their portfolios to address the challenges of a rising rate environment

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE PUBLIC.

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Guggenheim BulletShares? ETFs

What are Defined-Maturity ETFs?

? Recent structural innovation in the exchange traded fund (ETF) market ? Fixed income ETFs with a specified maturity date ? Offer the potential for monthly income and a final distribution at maturity1

1The funds do not seek to return any predetermined amount at maturity, and the amount investors receive may be worth more or less than their original investment.

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE SHOWN OR DISTRIBUTED TO THE PUBLIC.

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