Guggenheim Canadian Energy Income ETF(ENY)- NYSEARCA
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ENY Description
The Guggenheim Canadian Energy Income ETF (NYSE:ENY), seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the S&P/TSX Canadian High Income Energy Index. The S&P/TSX High Income Energy Index is part of the S&P/TSX index family, which aims to provide investable indices for the Canadian equity markets. The Index selection methodology is designed to provide exposure to high yielding Canadian securities in the energy sector that meet size and liquidity requirements. Securities must be part of the S&P/TSX Composite Index (the “Composite”), which is designed to provide a broad market measure of the Canadian equity markets. The Composite includes common stocks and income trust units listed on the TSX and are companies that are Canadian incorporated (established in the case of income trusts, or formed in the case of limited partnerships) under Canadian federal, provincial or territorial jurisdictions. Liquidity is measured by float turnover (total number of shares traded in Canadian markets in the previous 12 months divided by float eligible shares outstanding at the end of the period). Securities that are ineligible for inclusion in the Composite include securities issued by mutual funds, preferred shares, exchangeable shares, warrants, installment receipts and “paper-clipped” or “stapled” securities. ENY will invest at least 80% of its total assets in securities that comprise the Index. ENY generally will invest in all the securities comprising the Index in proportion to their weighting in the Index.
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Country: Canada
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