pb4uski
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Probably in the range of 20. The 2011 and 2012 Corporate Series paid a bit over 20 as a return of investment in their final distributions (see ETFs | Guggenheim Investments). Also, the 2013 Corporate series seems to be on track to do so as well (see the pdf on the maturity process on this page ETFs | Guggenheim Investments).
The way I look at it the 2.24 of the 2.30 is a premium to reflect that current portfolio yields are lower than the portfolio coupon and the .06 premium is similar to a commission. I focus on the YTW after considering the effect of the premiuum over the NAV shown on ETFs | Guggenheim Investments. It currently indicates that the YTW for the 2016 series would be ~.84% so if I was going that short I would probably go with a 3 year CD or an online savings account.
My time horizon is longer with the 2019 and 2020 series and at the time I bought them the YTW was better than CDs with a similar maturity.
YMMV and you could also address your questions to Guggenheim. I found them to be pretty responsive when I corresponded with them prior to purchasing.
The way I look at it the 2.24 of the 2.30 is a premium to reflect that current portfolio yields are lower than the portfolio coupon and the .06 premium is similar to a commission. I focus on the YTW after considering the effect of the premiuum over the NAV shown on ETFs | Guggenheim Investments. It currently indicates that the YTW for the 2016 series would be ~.84% so if I was going that short I would probably go with a 3 year CD or an online savings account.
My time horizon is longer with the 2019 and 2020 series and at the time I bought them the YTW was better than CDs with a similar maturity.
YMMV and you could also address your questions to Guggenheim. I found them to be pretty responsive when I corresponded with them prior to purchasing.
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