NEW YORK, Jan. 22, 2016 (GLOBE NEWSWIRE) -- Effective January 27, 2016, Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, will change the underlying index of three ETFs to S&P Dow Jones Indices from Russell indices. The change will affect all the names and some symbols of the three ETFs listed below:
| New Name / Ticker | Previous Name / Ticker | New Index | Previous Index |
| Guggenheim S&P Small Cap 600® Equal Weight ETF (EWSC) | Guggenheim Russell 2000® Equal Weight ETF (EWRS) | S&P Small Cap 600® Equal Weight Index | Russell 2000® Equal Weight Index |
| Guggenheim S&P MidCap 400® Equal Weight ETF (EWMC) | Guggenheim Russell MidCap® Equal Weight ETF (EWRM) | S&P MidCap 400® Equal Weight Index | Russell MidCap® Equal Weight |
| Guggenheim Russell MegaCap Top 50® ETF (XLG) | Guggenheim S&P 500® Top 50 ETF (XLG) | S&P 500® Top 50 Index | Russell MegaCap Top 50® |
In addition, at the close of business on January 26, 2016, Guggenheim Russell 1000® Equal Weight ETF (EWRI) will cease trading and merge into Guggenheim’s flagship ETF—Guggenheim S&P 500® Equal Weight ETF (RSP). The merger will be effective at the open of business on January 27, 2016.
Guggenheim Investments is one of the nation’s top ETF providers with approximately $28 billion in assets1 and 70-plus products. Our investment teams have been breaking new ground in ETFs for more than a decade. Guggenheim was the first firm to offer strategic or “smart” beta ETFs with the launch of Guggenheim S&P 500® Equal Weight ETF (RSP) in 2003. Today, Guggenheim offers 15 equal weight ETFs and has $12.6B in assets under management in our equal weight line-up as of 12.31.2015. These products remain a strong core of our ETF product offering.
About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners with $198 billion* in assets across fixed-income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 275+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification and attractive long-term results.
1 SOURCE: ETF.com 12.31.2015
* Guggenheim Investments total asset figure is as of 12.31.2015. The assets include leverage of $11.976bn for assets under management and $0.487bn for assets for which we provide administrative services. Guggenheim Investments represents the following affiliated investment management businesses: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, Transparent Value Advisors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of any fund discussed herein, nor is it a solicitation of any proxy. The Guggenheim Russell 1000® Equal Weight ETF and the Guggenheim S&P 500® Equal Weight ETF have filed a Prospectus Supplement and an Information Statement/Prospectus with the Securities and Exchange Commission (SEC) that contain important information about the merger of the funds, their investment objectives, strategies, fees and expenses, and risk considerations, and therefore you are advised to read those materials. To receive a free copy of the Prospectus Supplement and/or the Information Statement/Prospectus relating to the proposed merger of the Guggenheim Russell 1000® Equal Weight ETF with and into the Guggenheim S&P 500® Equal Weight ETF, please call Guggenheim Investments toll free at 888.WHY.ETFS. The Prospectus Supplement, the Information Statement/Prospectus, and shareholder reports and other information are available for free on the SEC’s website (www.sec.gov). Please read the Information Statement/Prospectus and any Prospectus Supplement carefully before making any decision to invest in the Guggenheim Russell 1000® Equal Weight ETF or the Guggenheim S&P 500® Equal Weight ETF.
This information is not intended to be and should not be construed as tax or legal advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC (“GP”), which includes Security Investors, LLC (“SI”) and Guggenheim Funds Investment Advisors, LLC (“GFIA”), the investment advisors to the Guggenheim ETFs, respectively.
Read a fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses, and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) at www.guggenheiminvestments.com or call 800.820.0888.
The referenced funds are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management business of Guggenheim Partners, LLC (“Guggenheim”), which includes Guggenheim Funds Investment Advisors (“GFIA”), the investment advisors to the referenced fund. Guggenheim Funds Distributors, LLC is affiliated with Guggenheim and GFIA.
Media Contact Ivy McLemore Guggenheim Partners 212.518.9859 – office 917.809.0725 – mobile Ivy.McLemore@guggenheimpartners.com
