Guide To ETF Providers: Guggenheim

Guggenheim Investments is the investment management division of Guggenheim Partners, which consist of investment managers with more than $170 billion in combined total assets. Guggenheim Investments offers open-ended mutual funds, closed end funds, unit investment trusts and exchange-traded products. Its offices are in Chicago, New York City and Santa Monica, California with other offices throughout the U.S., Europe and Asia. After acquiring Claymore Securities in 2009 and Rydex in 2010, Guggenheim Investments now offers 78 U.S. listed ETFs, with exposure to a variety of asset classes, such as equity, fixed-income and currency, and innovative ETF sector investing in global airlines, global shipping, solar power and global water. Shares of Guggenheim ETFs are distributed by Guggenheim Funds Distributors, LLC or Guggenheim Distributors, LLC.

Guggenheim Investments' BulletShares is a variety of target-maturity fixed-income ETFs. For example, the Guggenheim BulletShares 2015 High Yield Corporate Bond ETF has a designated year of maturity of 2015, and will terminate on or about Dec. 31, 2015. Guggenheim ETFs have expense ratios that range between 0.12 and 0.75%, with an average expense ratio of 0.48%.

Figure 4: Guggenheim\'s top five largest funds by AUM. Information current as of Feb. 8, 2013.