The Guggenheim/Ocean Tomo Growth Index 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 Ocean Tomo 300® Patent Growth Index (the “Ocean Tomo Index” or “Index”). The Fund will normally invest at least 90% of its total assets in common stock and America depositary receipts ("ADRs") 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 Ocean Tomo Index. The Index is comprised of approximately 60 stocks selected, based on investment and other criteria, from a universe of U.S. listed companies. The universe of companies includes the 300 companies that comprise the Ocean Tomo 300® Patent Index without limit on market capitalization. The companies in the universe are selected using criteria as identified by Ocean Tomo, LLC.
See more details on sponsor's website