Guggenheim Wilshire U.S. Real Estate Investment Trust ETF (WREI) - NYSEARCA
WREI Description
"The Fund seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Wilshire US Real Estate Investment Trust IndexSM (“Wilshire US REITSM” or the “Index”). The Fund will normally invest at least 80% of its total assets in equity securities that comprise the Wilshire US REIT and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Wilshire US REIT. Guggenheim Advisors, LLC (the “Investment Adviser”) and Guggenheim Partners Asset Management, LLC (the “Investment Sub-Adviser”) seek 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, will seek to replicate, before the Fund’s fees and expenses, the performance of the Wilshire US REIT. The Wilshire US REIT is a rules-based index comprised of, as of January 31, 2010, approximately 82 securities, which may include securities of companies of all categories of market capitalizations, (subject to the minimum requirements set forth below), as defined by Wilshire Associates Incorporated (“Wilshire” or the “Index Provider”). The Wilshire US REIT is comprised primarily of real estate investment trusts (“REITs”) and is derived from the broader Wilshire 5000 Total Market IndexSM. The Index is designed to serve as a proxy for direct real estate investment by institutions. The Wilshire US REIT is weighted by float-adjusted market capitalization."
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Country: United States
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