Guggenheim Spin-Off ETF

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  • Jun. 10, 2015, 12:44 PM
    • The Market Vectors Global Spin-Off ETF (NYSEARCA:SPUN) seeks to benefit from the long-term potential of corporate spin-offs to unlock shareholder value.
    • Other spin-off ETFs: CSD, GDL
    | Jun. 10, 2015, 12:44 PM
  • Mar. 25, 2015, 2:45 PM
    • Kraft is the 2nd-largest holding in the PowerShares Dynamic Food & Beverage ETF's (PBJ +1.9%) 31 stocks.
    • Others getting a lift include the Guggenheim Spin-Off ETF (CSD +1.5%), and the First Trust IPO Index (FPX +0.8%),.
    • Source: Barron's
    • Previously: Kraft, Heinz announce merger (March 25)
    | Mar. 25, 2015, 2:45 PM
  • Sep. 17, 2014, 1:20 PM
    • The Stock Split Index Fund (NYSE:TOFR) began trading yesterday, marking a break from United States Commodity Funds' historical focus on commodity ETFs.
    • TOFR seeks to capture the price appreciation that can follow stock splits, using the 2 for 1 Index.
    • Other alternative
    • Other ETFs invested in company changes: CSD, NFO, RYJ, KNOW, MNA, CSMA, MRGR, ALTL, CSMB
    | Sep. 17, 2014, 1:20 PM | 1 Comment
  • Jun. 1, 2013, 9:15 AM

    Spinoffs continue to live up to their reputation for market-beating returns with the Bloomberg Spin-Off Index up 60% Y/Y. Sifting through this year's large class, Barron's likes CST Brands (CST, also liked by SA Pro's Daniel Phillips), and Blackhawk Network (HAWK). Another oft-profitable play is buying the parent before the spinoff, and Ingersoll-Rand (IR) - ahead of its security business divestment - may fit the bill. There's also the Guggenheim Spin-Off ETF (CSD) which has consistently beaten the SPY since its inception more than 6 years ago.

    | Jun. 1, 2013, 9:15 AM | 2 Comments
  • Jan. 1, 2013, 12:20 PM
    Among strategy ETFs, IPOs (FPX +28.9%) and spin-offs (CSD +26%) outperformed in 2012. Volatility ETFs got clobbered, VXX -77.6% and VXZ -53.9%. See the full table of strategy ETF performance here.
    | Jan. 1, 2013, 12:20 PM
CSD Description
The Guggenheim/Beacon Spin-Off ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Spin-off Index (the “Spin-off Index” or “Index”). The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts ("ADRs") and master limited partnerships ("MLPs") that comprise the Index. Guggenheim Advisors, LLC (the “Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost “passive” or “indexing” investment approach, seeks to replicate, before fees and expenses, the performance of the Spin-off Index. The Spin-off Index is comprised of approximately 40 stocks selected, based on investment and other criteria, from a broad universe of U.S.-traded stocks, ADRs and MLPs. The universe of companies eligible for inclusion in the Index includes companies that have been spun-off within the past two years (but not more recently than six months prior to the applicable rebalancing date), without limitations on market capitalization (including micro-cap securities), but which are primarily small- and mid-cap companies with capitalizations under $10 billion. Beacon Indexes LLC (“Beacon” or the “Index Provider”) defines a spin-off company as any company resulting from either of the following events: a spin-off distribution of stock of a subsidiary company by its parent company to parent company shareholders or equity “carve-outs” or “partial initial public offerings” in which a parent company sells a percentage of the equity of a subsidiary to public shareholders.
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