NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.

2014

BSJE Guggenheim BulletShares 2014 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJEIV Guggenheim BulletShares 2014 High Yield Corporate Bond ETF (BSJE) seeks investment results that corre-
CUSIP 18383M431 spond generally to the performance, before the funds fees and expenses, of a high yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2014 Index. The Index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2014. The effective maturity of an eligible corporate bond is determined by
2014 Index (BSJKE) its actual maturity or, in the case of callable securities, the effective maturity of the security as determined in
Modified Market accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Index Weighting Methodology Value
provider. BSJE will invest at least 80% of its total assets in component securities that comprise the Index.
Rebalance Schedule Monthly
Under normal conditions, BSJE will invest at least 80% of its net assets in high yield securities (junk bonds),
Distribution Schedule (if any) Monthly which are debt securities that are rated below investment grade by nationally recognized statistical rating
Fund Inception Date 1.25.2011 organizations, or are unrated securities the investment adviser believes are of comparable quality.
Expected Termination Date 12.31.2014

FUND CHARACTERISTICS*
Number of Securities 82 AVERAGE ANNUAL TOTAL RETURNS
Average Duration 0.75 Since Fund Total Expense
YTD 3-Month 1-Year 3-Year 5-Year Inception Ratio
Average Maturity 4.03 years (1.25.2011)
Weighted Average Bond Price 69.81 Market Close 0.27% 0.23% 4.36% 5.65% 5.96% 0.42%
Average duration measures the sensitivity of the price (the NAV 0.90% 0.32% 4.76% 5.88% 6.06% 0.42%
value of principal) of a fixed-income investment to a change NASDAQ BulletShares USD High Yield 1.20% 0.45% 5.27% 6.49% 6.30%
in interest rates. The larger the duration number, the greater Corporate Bond 2014 Index
the interest-rate risk for bond prices. Average maturity is Barclays U.S. Corporate High Yield Index 5.46% 2.41% 11.73% 9.48% 9.20%
the length of time until the principal amount of a bond must
be repaid. Weighted average bond price is a weighted
average of individual bond prices.
BSJE has a designated year of maturity of 2014 and will The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
terminate on or about December 31, 2014. In connection may not be repeated.
with such termination, the fund will make a cash distribution Performance displayed represents past performance, which is no guarantee of future results. Investment
to then-current shareholders of its net assets after making returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
appropriate provisions for any liabilities of the fund. BSJE than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
does not seek to return any predetermined amount at date fund performance, including performance current to the most recent month-end, please visit our web site
maturity. In the final six months of operation, as the bonds at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
held by the fund mature, the funds portfolio will transition value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
to cash and cash equivalents, including without limitation shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
U.S. Treasury Bills and investment grade commercial paper, or below NAV. For additional information, please see the fund's prospectus.
which may result in a lower yield than the yields of the
Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
bonds previously held by the fund and/or prevailing yields
ETF at the initial share price for share price returns or the initial net asset value (NAV) per share for NAV returns. Partial year returns are
for bonds in the market. The fund will terminate on or about
cumulative, not annualized. Returns reflect the reinvestment of dividends.
the date above without requiring additional approval by the
Trusts Board of Trustees (the board) or fund Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
shareholders. The board may change the termination date to corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
an earlier or later date if a majority of the board determines excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
the change to be in the best interest of the fund. reflect transaction costs, fees or expenses.
*
For more up-to-date fund and index characteristics The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
information, visit guggenheiminvestments.com. advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
 BSJE Guggenheim BulletShares 2014 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

4.95% Holdings Coupon Maturity S&P Rating* Weight

REYNOLDS GROUP ISSUER, INC. 7.125% 15-APR-2019 7.13 4.15.2019 B+ 2.79%
13.11% 9.00 4.15.2019 CCC+ 2.38%
REYNOLDS GROUP ISSUER, INC. 9.0% 15-APR-2019
7.38% 34.31%
MICHAELS STORES, INC. 7.75% 01-NOV-2018 7.75 11.1.2018 CCC+ 1.94%
11.72% METROPCS WIRELESS, INC. 7.875% 01-SEP-2018 7.88 9.1.2018 BB 1.80%

14.90% VALEANT PHARMACEUTICALS INTERNATIONAL, INC. 6.875% 01- 6.88 12.1.2018 B 1.77%
0.85% DEC-2018
7.35% DISH DBS CORPORATION 6.63 10.1.2014 BB- 1.62%
5.42%
BURGER KING CORP. 9.875% 15-OCT-2018 9.88 10.15.2018 B+ 1.55%
BB+ B-
BB CCC+ ENERGY XXI GULF COAST, INC. 9.25% 15-DEC-2017 9.25 12.15.2017 B 1.50%
BB- NR
B+ Cash NIELSEN FINANCE LLC 7.75% 15-OCT-2018 7.75 10.15.2018 BB 1.38%
B 8.63 10.15.2018 B- 1.35%
CARRIZO OIL & GAS, INC. 8.625% 15-OCT-2018

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 16.62%
not the fund or its shares. Bonds rated BBB- and above are Consumer Services 6.89%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Communications 6.01%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Energy Minerals 5.59%
characteristics are subject to change on a daily basis and represent Health Technology 4.52%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Retail Trade 4.42%
should not be deemed as a recommendation to buy or sell. Index Process Industries 3.55%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Consumer Non-Durables 3.40%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Liquidity Risk: If the fund
invests in illiquid securities or securities that become illiquid, fund
returns may be reduced because the fund may be unable to sell the
illiquid securities at an advantageous time or price. Declining Yield
Risk: During the final year of the funds operations, as the bonds
held by the fund mature and the funds portfolio transitions to cash
and cash equivalents, the funds yield will generally tend to move
toward the yield of cash and cash equivalents and thus may be
lower than the yields of the bonds previously held by the fund
and/or prevailing yields for bonds in the market. Fluctuation of
Yield and Liquidation Amount Risk: The fund, unlike a direct
investment in a bond that has a level coupon payment and a fixed
payment at maturity, will make distributions of income that vary
over time. Unlike a direct investment in bonds, the breakdown of
returns between fund distributions and liquidation proceeds are not
predictable at the time of your investment. For example, at times
during the funds existence, it may make distributions at a greater
(or lesser) rate than the coupon payments received on the funds
portfolio, which will result in the fund returning a lesser (or greater)
amount on liquidation than would otherwise be the case. The rate of
fund distribution payments may adversely affect the tax
characterization of your returns from an investment in the fund
relative to a direct investment in corporate bonds. If the amount you
receive as liquidation proceeds upon the funds termination is higher
or lower than your cost basis, you may experience a gain or loss for
tax purposes. Consumer Discretionary Sector Risk: The success of
consumer product manufacturers and retailers is tied closely to the
performance of the overall domestic and international economy,
interest rates, competitive and consumer confidence. Success
depends heavily on disposable household income and consumer
spending. Concentration Risk: If the index concentrates in an
industry or group of industries, the funds investments will be
concentrated accordingly. In such event, the value of the funds
shares may rise and fall more than the value of shares of a fund that
invests in securities of companies in a broader range of industries. In
addition, the funds are subject to: Non-Correlation Risk,
Replication Management Risk, Issuer-Specific Changes and Non-
Diversified Fund Risk. Please read the prospectus for more
detailed information regarding these and other risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2014 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJE-0614 x0914 #13859

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJF Guggenheim BulletShares 2015 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJFIV Guggenheim BulletShares 2015 High Yield Corporate Bond ETF (BSJF) seeks investment results that corre-
CUSIP 18383M423 spond generally to the performance, before the funds fees and expenses, of a high yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2015 Index. The Index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2015. The effective maturity of an eligible corporate bond is determined by
2015 Index (BSJKF) its actual maturity or, in the case of callable securities, the effective maturity of the security as determined in
Modified Market accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Index Weighting Methodology Value
provider. BSJF will invest at least 80% of its total assets in component securities that comprise the Index.
Rebalance Schedule Monthly
Under normal conditions, BSJF will invest at least 80% of its net assets in high yield securities (junk bonds),
Distribution Schedule (if any) Monthly which are debt securities that are rated below investment grade by nationally recognized statistical rating
Fund Inception Date 1.25.2011 organizations, or are unrated securities the investment adviser believes are of comparable quality.
Expected Termination Date 12.31.2015

FUND CHARACTERISTICS*
Number of Securities 156 AVERAGE ANNUAL TOTAL RETURNS
Average Duration 2.19 Since Fund Total Expense
YTD 3-Month 1-Year 3-Year 5-Year Inception Ratio
Average Maturity 4.77 years (1.25.2011)
Weighted Average Bond Price 108.17 Market Close 2.00% 0.49% 7.23% 6.87% 6.95% 0.42%
Average duration measures the sensitivity of the price (the NAV 2.15% 0.74% 7.15% 7.01% 6.95% 0.42%
value of principal) of a fixed-income investment to a change NASDAQ BulletShares USD High Yield 2.68% 0.95% 7.93% 6.95% 6.96%
in interest rates. The larger the duration number, the greater Corporate Bond 2015 Index
the interest-rate risk for bond prices. Average maturity is Barclays U.S. Corporate High Yield Index 5.46% 2.41% 11.73% 9.48% 9.20%
the length of time until the principal amount of a bond must
be repaid. Weighted average bond price is a weighted
average of individual bond prices.
BSJF has a designated year of maturity of 2015 and will The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
terminate on or about December 31, 2015. In connection may not be repeated.
with such termination, the fund will make a cash distribution Performance displayed represents past performance, which is no guarantee of future results. Investment
to then-current shareholders of its net assets after making returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
appropriate provisions for any liabilities of the fund. BSJF than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
does not seek to return any predetermined amount at date fund performance, including performance current to the most recent month-end, please visit our web site
maturity. In the final six months of operation, as the bonds at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
held by the fund mature, the funds portfolio will transition value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
to cash and cash equivalents, including without limitation shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
U.S. Treasury Bills and investment grade commercial paper, or below NAV. For additional information, please see the fund's prospectus.
which may result in a lower yield than the yields of the
Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
bonds previously held by the fund and/or prevailing yields
ETF at the initial share price for share price returns or the initial net asset value (NAV) per share for NAV returns. Partial year returns are
for bonds in the market. The fund will terminate on or about
cumulative, not annualized. Returns reflect the reinvestment of dividends.
the date above without requiring additional approval by the
Trusts Board of Trustees (the board) or fund Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
shareholders. The board may change the termination date to corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
an earlier or later date if a majority of the board determines excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
the change to be in the best interest of the fund. reflect transaction costs, fees or expenses.
*
For more up-to-date fund and index characteristics The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
information, visit guggenheiminvestments.com. advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
 BSJF Guggenheim BulletShares 2015 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

6.25% Holdings Coupon Maturity S&P Rating* Weight

0.31%
0.79% CHRYSLER GROUP LLC 8.0% 15-JUN-2019 8.00 6.15.2019 B 2.71%
0.28% 16.70%
REYNOLDS GROUP ISSUER, INC. 9.875% 15-AUG-2019 9.88 8.15.2019 CCC+ 2.15%
0.72% 18.97%
0.20% 8.45% CALPINE CORP. 7.5% 15-FEB-2021 7.50 2.15.2021 BB- 2.09%

14.82% COMMUNITY HEALTH SYSTEMS, INC. 8.0% 15-NOV-2019 8.00 11.15.2019 B- 1.92%
17.38%
15.14% KCI USA, INC. 10.5% 01-NOV-2018 10.50 11.1.2018 B- 1.86%

ALLY FINANCIAL, INC. 8.3% 12-FEB-2015 8.30 2.12.2015 BB 1.81%

REYNOLDS GROUP ISSUER, INC. 7.875% 15-AUG-2019 7.88 8.15.2019 B+ 1.58%

BBB B+ NR
BBB- B Cash HCA HOLDINGS, INC. 7.75% 15-MAY-2021 7.75 5.15.2021 B- 1.55%
BB+ B- 8.75 12.15.2020 B 1.53%
BB CCC+ NOVELIS, INC. 8.75% 15-DEC-2020
BB- CCC ALLY FINANCIAL, INC. 4.625% 26-JUN-2015 4.63 6.26.2015 BB 1.48%

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 18.65%
not the fund or its shares. Bonds rated BBB- and above are Energy Minerals 9.10%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Health Services 7.08%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Non-Energy Minerals 6.30%
characteristics are subject to change on a daily basis and represent Consumer Services 5.86%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Communications 5.83%
should not be deemed as a recommendation to buy or sell. Index Health Technology 4.86%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Consumer Durables 4.82%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Interest Liquidity Risk:
Liquidity risk exists when particular investments are difficult to
purchase or sell. If the fund invests in illiquid securities or securities
that become illiquid, fund returns may be reduced because the fund
may be unable to sell the illiquid securities at an advantageous time
or price. Declining Yield Risk: During the final year of the funds
operations, as the bonds held by the fund mature and the funds
portfolio transitions to cash and cash equivalents, the funds yield
will generally tend to move toward the yield of cash and cash
equivalents and thus may be lower than the yields of the bonds
previously held by the fund and/or prevailing yields for bonds in the
market. Fluctuation of Yield and Liquidation Amount Risk: The
fund, unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, will make distributions of
income that vary over time. Unlike a direct investment in bonds, the
breakdown of returns between fund distributions and liquidation
proceeds are not predictable at the time of your investment. For
example, at times during the funds existence, it may make
distributions at a greater (or lesser) rate than the coupon payments
received on the funds portfolio, which will result in the fund
returning a lesser (or greater) amount on liquidation than would
otherwise be the case. The rate of fund distribution payments may
adversely affect the tax characterization of your returns from an
investment in the fund relative to a direct investment in corporate
bonds. If the amount you receive as liquidation proceeds upon the
funds termination is higher or lower than your cost basis, you may
experience a gain or loss for tax purposes. Financial Services
Sector Risk: The financial services industries are subject to
extensive government regulation, can be subject to relatively rapid
change due to increasingly blurred distinctions between service
segments and can be significantly affected by availability and cost
of capital funds, changes in interest rates, the rate of corporate and
consumer debt defaults and price competition. Concentration Risk:
If the index concentrates in an industry or group of industries, the
funds investments will be concentrated accordingly. In such event,
the value of the funds shares may rise and fall more than the value
of shares of a fund that invests in securities of companies in a
broader range of industries. In addition, the funds are subject to:
Non-Correlation Risk, Replication Management Risk, Issuer-
Specific Changes and Non-Diversified Fund Risk. Please read the
prospectus for more detailed information regarding these and other
risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2015 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJF-0614 x0914 #13860

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJG Guggenheim BulletShares 2016 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJGIV Guggenheim BulletShares 2016 High Yield Corporate Bond ETF (BSJG) seeks investment results that corre-
CUSIP 18383M415 spond generally to the performance, before the funds fees and expenses, of a high yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2016 Index. The Index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2016. The effective maturity of an eligible corporate bond is determined
2016 Index (BSJKG) by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Modified Market in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Index Weighting Methodology Value
provider. BSJG will invest at least 80% of its total assets in component securities that comprise the Index.
Rebalance Schedule Monthly
Under normal conditions, BSJG will invest at least 80% of its net assets in high yield securities (junk bonds),
Distribution Schedule (if any) Monthly which are debt securities that are rated below investment grade by nationally recognized statistical rating
Fund Inception Date 4.25.2012 organizations, or are unrated securities the investment adviser believes are of comparable quality.
Expected Termination Date 12.31.2016

FUND CHARACTERISTICS*
Number of Securities 135 AVERAGE ANNUAL TOTAL RETURNS
Average Duration 2.98 Since Fund Total Expense
YTD 3-Month 1-Year 3-Year 5-Year Inception Ratio
Average Maturity 5.14 years (4.25.2012)
Weighted Average Bond Price 110.18 Market Close 3.09% 1.45% 10.04% 8.71% 0.42%
Average duration measures the sensitivity of the price (the NAV 3.10% 1.30% 9.36% 8.54% 0.42%
value of principal) of a fixed-income investment to a change NASDAQ BulletShares USD High Yield 3.14% 1.29% 9.01% 9.18%
in interest rates. The larger the duration number, the greater Corporate Bond 2016 Index
the interest-rate risk for bond prices. Average maturity is Barclays U.S. Corporate High Yield Index 5.46% 2.41% 11.73% 10.41%
the length of time until the principal amount of a bond must
be repaid. Weighted average bond price is a weighted
average of individual bond prices.
The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
BSJG has a designated year of maturity of 2016 and will
may not be repeated.
terminate on or about December 31, 2016. In connection
with such termination, the fund will make a cash distribution Performance displayed represents past performance, which is no guarantee of future results. Investment
to then-current shareholders of its net assets after making returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
appropriate provisions for any liabilities of the fund. BSJG than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
does not seek to return any predetermined amount at date fund performance, including performance current to the most recent month-end, please visit our web site
maturity. In the final six months of operation, as the bonds at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
held by the fund mature, the funds portfolio will transition value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
to cash and cash equivalents, including without limitation shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
U.S. Treasury Bills and investment grade commercial paper, or below NAV. For additional information, please see the fund's prospectus.
which may result in a lower yield than the yields of the Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
bonds previously held by the fund and/or prevailing yields ETF at the initial share price for share price returns or the initial NAV per share for NAV returns. Partial year returns are cumulative, not
for bonds in the market. The fund will terminate on or about annualized. Returns reflect the reinvestment of dividends.
the date above without requiring additional approval by the Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
Trusts Board of Trustees (the board) or fund corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
shareholders. The board may change the termination date to excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
an earlier or later date if a majority of the board determines reflect transaction costs, fees or expenses.
the change to be in the best interest of the fund.
The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
*
For more up-to-date fund and index characteristics advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
information, visit guggenheiminvestments.com.
 BSJG Guggenheim BulletShares 2016 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

9.78% Holdings Coupon Maturity S&P Rating* Weight

10.01% FIRST DATA CORPORATION 12.625% 15-JAN-2021 12.63 1.15.2021 B- 4.26%
21.19% CHRYSLER GROUP LLC 8.25% 15-JUN-2021 8.25 6.15.2021 B 4.14%
0.01% 1.93%
EP ENERGY LLC 9.375% 01-MAY-2020 9.38 5.1.2020 B 2.91%
16.58% 12.69%
SAMSON RESOURCES COMPANY 9.75% 15-FEB-2020 9.75 2.15.2020 CCC+ 2.54%

14.26% 12.70% SPRINT NEXTEL CORP. 6.0% 01-DEC-2016 6.00 12.1.2016 BB- 2.30%
0.28%
0.02% SABINE PASS LNG LP 7.5% 30-NOV-2016 7.50 11.30.2016 BB+ 2.08%
0.04%
INTELSAT JACKSON HOLDINGS SA 7.5% 01-APR-2021 7.50 4.1.2021 B+ 1.70%
BBB B NR
BB+ B- Cash NRG ENERGY, INC. 7.875% 15-MAY-2021 7.88 5.15.2021 BB- 1.67%
BB CCC+ 7.50 7.15.2020 CCC+ 1.65%
BB- CCC- HD SUPPLY, INC. 7.5% 15-JUL-2020
B+ CC RITE AID CORPORATION 9.25% 15-MAR-2020 9.25 3.15.2020 CCC+ 1.52%

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 15.92%
not the fund or its shares. Bonds rated BBB- and above are Energy Minerals 14.03%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Non-Energy Minerals 8.00%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Utilities 6.72%
characteristics are subject to change on a daily basis and represent Communications 5.81%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Consumer Durables 5.71%
should not be deemed as a recommendation to buy or sell. Index Distribution Services 5.65%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Commercial Services 4.96%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Interest Liquidity Risk:
Liquidity risk exists when particular investments are difficult to
purchase or sell. If the fund invests in illiquid securities or securities
that become illiquid, fund returns may be reduced because the fund
may be unable to sell the illiquid securities at an advantageous time
or price. Declining Yield Risk: During the final year of the funds
operations, as the bonds held by the fund mature and the funds
portfolio transitions to cash and cash equivalents, the funds yield
will generally tend to move toward the yield of cash and cash
equivalents and thus may be lower than the yields of the bonds
previously held by the fund and/or prevailing yields for bonds in the
market. Fluctuation of Yield and Liquidation Amount Risk: The
fund, unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, will make distributions of
income that vary over time. Unlike a direct investment in bonds, the
breakdown of returns between fund distributions and liquidation
proceeds are not predictable at the time of your investment. For
example, at times during the funds existence, it may make
distributions at a greater (or lesser) rate than the coupon payments
received on the funds portfolio, which will result in the fund
returning a lesser (or greater) amount on liquidation than would
otherwise be the case. The rate of fund distribution payments may
adversely affect the tax characterization of your returns from an
investment in the fund relative to a direct investment in corporate
bonds. If the amount you receive as liquidation proceeds upon the
funds termination is higher or lower than your cost basis, you may
experience a gain or loss for tax purposes. Financial Services
Sector Risk: The financial services industries are subject to
extensive government regulation, can be subject to relatively rapid
change due to increasingly blurred distinctions between service
segments and can be significantly affected by availability and cost
of capital funds, changes in interest rates, the rate of corporate and
consumer debt defaults and price competition. Concentration Risk:
If the index concentrates in an industry or group of industries, the
funds investments will be concentrated accordingly. In such event,
the value of the funds shares may rise and fall more than the value
of shares of a fund that invests in securities of companies in a
broader range of industries. Consumer Discretionary Sector Risk:
The success of consumer product manufacturers and retailers is tied
closely to the performance of the overall domestic and international
economy, interest rates, competitive and consumer confidence.
Success depends heavily on disposable household income and
consumer spending. In addition, the funds are subject to: Non-
Correlation Risk, Replication Management Risk, Issuer-Specific
Changes and Non-Diversified Fund Risk. Please read the
prospectus for more detailed information regarding these and other
risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2016 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJG-0614 x0914 #13861

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJH Guggenheim BulletShares 2017 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJHIV Guggenheim BulletShares 2017 High Yield Corporate Bond ETF (BSJH ) seeks investment results that corre-
CUSIP 18383M399 spond generally o the performance, before the funds fees and expenses, of a high yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2017 Index. The Index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2017. The effective maturity of an eligible corporate bond is determined by
2017 Index (BSJKH) its actual maturity or, in the case of callable securities, the effective maturity of the security as determined in
Modified Market accordance with a rules-based methodology developed by Accretive Asset Management LL C, the index
Index Weighting Methodology Value
provider. BSJH will invest at least 80% of its total assets in component securities that comprise the Index.
Rebalance Schedule Monthly
Under normal conditions, BSJH will invest at least 80% of its net assets in high yield securities (junk
Distribution Schedule (if any) Monthly bonds), which are debt securities that are rated below investment grade by nationally recognized statistical
Fund Inception Date 4.25.2012 rating organizations, or are unrated securities the investment adviser believes are of comparable quality.
Expected Termination Date 12.31.2017

FUND CHARACTERISTICS*
Number of Securities 128 AVERAGE ANNUAL TOTAL RETURNS
Average Duration 3.09 Total Expense
YTD 3-Month 1-Year 3-Year 5-Year 10-Year Ratio
Average Maturity 4.32 years
Weighted Average Bond Price 109.17 Market Close 3.38% 1.26% 9.85% 9.17% 0.42%
Average duration measures the sensitivity of the price (the NAV 3.47% 1.23% 9.55% 9.02% 0.42%
value of principal) of a fixed-income investment to a change NASDAQ BulletShares USD High Yield 3.69% 1.44% 10.52%
in interest rates. The larger the duration number, the greater Corporate Bond 2017 Index
the interest-rate risk for bond prices. Average maturity is Barclays U.S. Corporate High Yield Index 5.46% 2.41% 11.73%
the length of time until the principal amount of a bond must
be repaid. Weighted average bond price is a weighted
average of individual bond prices.
The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
BSJH has a designated year of maturity of 2017 and will
may not be repeated.
terminate on or about December 31, 2017. In connection
with such termination, the fund will make a cash distribution Performance displayed represents past performance, which is no guarantee of future results. Investment
to then-current shareholders of its net assets after making returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
appropriate provisions for any liabilities of the fund. BSJH than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
does not seek to return any predetermined amount at date fund performance, including performance current to the most recent month-end, please visit our web site
maturity. In the final six months of operation, as the bonds at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
held by the fund mature, the funds portfolio will transition value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
to cash and cash equivalents, including without limitation shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
U.S. Treasury Bills and investment grade commercial paper, or below NAV. For additional information, please see the fund's prospectus.
which may result in a lower yield than the yields of the Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
bonds previously held by the fund and/or prevailing yields ETF at the initial share price for share price returns or the initial NAV per share for NAV returns. Partial year returns are cumulative, not
for bonds in the market. The fund will terminate on or about annualized. Returns reflect the reinvestment of dividends.
the date above without requiring additional approval by the Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
Trusts Board of Trustees (the board) or fund corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
shareholders. The board may change the termination date to excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
an earlier or later date if a majority of the board determines reflect transaction costs, fees or expenses.
the change to be in the best interest of the fund.
The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
*
For more up-to-date fund and index characteristics advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
information, visit guggenheiminvestments.com.
 BSJH Guggenheim BulletShares 2017 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

8.95% Holdings Coupon Maturity S&P Rating* Weight

10.21%
1.84% SPRINGLEAF FINANCE CORPORATION 6.9% 15-DEC-2017 6.90 12.15.2017 CCC+ 3.63%
1.74% 13.93%
0.35% CIT GROUP, INC. 4.25% 15-AUG-2017 4.25 8.15.2017 BB- 2.45%
0.33% 9.79% CASE NEW HOLLAND, INC. 7.875% 01-DEC-2017 7.88 12.1.2017 BB+ 2.26%
15.17%
UNITED RENTALS (NORTH AMERICA), INC. 7.625% 15-APR-2022 7.63 4.15.2022 BB- 2.08%
27.31%
SPRINT NEXTEL CORP. 8.375% 15-AUG-2017 8.38 8.15.2017 BB- 2.01%

ARCELORMITTAL LUXEMBOURG SA 5.0% 25-FEB-2017 5.00 2.25.2017 BB+ 1.96%

10.39%
CALPINE CORPORATION 7.875% 15-JAN-2023 7.88 1.15.2023 BB- 1.77%
BBB B Cash
BB+ B- UNIVISION COMMUNICATIONS, INC. 6.75% 15-SEP-2022 6.75 9.15.2022 B+ 1.75%
BB CCC+ CAESARS ENTERTAINMENT OPERATING CO., INC. 11.25% 01-JUN-
BB- CCC 11.25 6.1.2017 CCC- 1.74%
2017
B+ CCC- 7.88 11.1.2017 B 1.66%
WINDSTREAM CORP. 7.875% 01-NOV-2017

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 26.91%
not the fund or its shares. Bonds rated BBB- and above are Consumer Services 11.45%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Energy Minerals 8.65%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Communications 7.52%
characteristics are subject to change on a daily basis and represent Utilities 6.27%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Non-Energy Minerals 4.96%
should not be deemed as a recommendation to buy or sell. Index Commercial Services 4.05%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Industrial Services 3.85%

Interest Rate Risk: As interest rates rise, the value of fixed-income
securities held by the fund are likely to decrease. Securities with
longer durations tend to be more sensitive to interest rate changes,
making them more volatile than securities with shorter durations.
Credit/Default Risk: Issuers or guarantors of debt instruments or
the counterparty to a repurchase agreement or loan of portfolio
securities may be unable or unwilling to make timely interest and/or
principal payments or otherwise honor its obligations. Debt
instruments are subject to varying degrees of credit risk, which may
be reflected in credit ratings. Securities issued by the U.S.
government generally have less credit risk than debt securities of
non-government issuers. However, securities issued by certain U.S.
government agencies are not necessarily backed by the full faith and
credit of the U.S. government. Credit rating downgrades and
defaults (failure to make interest or principal payment) may
potentially reduce the funds income and share price. High-Yield
Securities Risk: High yield securities generally offer a higher
current yield than that available from higher grade issues, but
typically involve greater risk. Securities rated below investment
grade are commonly referred to as junk bonds. The ability of
issuers of high yield securities to make timely payments of interest
and principal may be adversely impacted by adverse changes in
general economic conditions, changes in the financial condition of
the issuers and price fluctuations in response to changes in interest
rates. Asset Class Risk: The bonds in the funds portfolio may
underperform the returns of other bonds or indexes that track other
industries, markets, asset classes or sectors. Call Risk/Prepayment
Risk: During periods of falling interest rates, an issuer of a callable
bond may exercise its right to pay principal on an obligation earlier
than expected. This may result in the funds having to reinvest
proceeds at lower interest rates, resulting in a decline in the funds
income. Extension Risk: An issuer may exercise its right to pay
principal on an obligation later than expected. This may happen
when there is a rise in interest rates. Under these circumstances, the
value of the obligation will decrease and the funds performance
may suffer from its inability to invest in higher yielding securities.
Income Risk: Falling interest rates may cause the funds income to
decline. Interest Liquidity Risk: Liquidity risk exists when particular
investments are difficult to purchase or sell. If the fund invests in
illiquid securities or securities that become illiquid, fund returns may
be reduced because the fund may be unable to sell the illiquid
securities at an advantageous time or price. Declining Yield Risk:
During the final year of the funds operations, as the bonds held by
the fund mature and the funds portfolio transitions to cash and cash
equivalents, the funds yield will generally tend to move toward the
yield of cash and cash equivalents and thus may be lower than the
yields of the bonds previously held by the fund and/or prevailing
yields for bonds in the market. Fluctuation of Yield and
Liquidation Amount Risk: The fund, unlike a direct investment in a
bond that has a level coupon payment and a fixed payment at
maturity, will make distributions of income that vary over time.
Unlike a direct investment in bonds, the breakdown of returns
between fund distributions and liquidation proceeds are not
predictable at the time of your investment. For example, at times
during the funds existence, it may make distributions at a greater
(or lesser) rate than the coupon payments received on the funds (if available) carefully before investing. It contains
portfolio, which will result in the fund returning a lesser (or greater)
amount on liquidation than would otherwise be the case. The rate of
fund distribution payments may adversely affect the tax
characterization of your returns from an investment in the fund
relative to a direct investment in corporate bonds. If the amount you
receive as liquidation proceeds upon the funds termination is higher
or lower than your cost basis, you may experience a gain or loss for
tax purposes. Financial Services Sector Risk: The financial services
industries are subject to extensive government regulation, can be
subject to relatively rapid change due to increasingly blurred
distinctions between service segments and can be significantly
affected by availability and cost of capital funds, changes in interest
rates, the rate of corporate and consumer debt defaults and price
competition. Concentration Risk: If the index concentrates in an
industry or group of industries, the funds investments will be
concentrated accordingly. In such event, the value of the funds
shares may rise and fall more than the value of shares of a fund that
invests in securities of companies in a broader range of industries.
Consumer Discretionary Sector Risk: The success of consumer
product manufacturers and retailers is tied closely to the
performance of the overall domestic and international economy,
interest rates, competitive and consumer confidence. Success
depends heavily on disposable household income and consumer
spending. In addition, the funds are subject to: Non-Correlation
Risk, Replication Management Risk, Issuer-Specific Changes
and Non-Diversified Fund Risk. Please read the prospectus for
more detailed information regarding these and other risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2017 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJH-0614 x0914 #12731

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJI Guggenheim BulletShares 2018 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJIIV Guggenheim BulletShares 2018 High Yield Corporate Bond ETF (BSJI) seeks investment results that corre-
CUSIP 18383M381 spond generally to the performance, before the funds fees and expenses, of a high yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2018 Index. The Index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2018. The effective maturity of an eligible corporate bond is determined
2018 Index (BSJKI) by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Modified Market in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Index Weighting Methodology Value
provider. BSJI will invest at least 80% of its total assets in component securities that comprise the Index.
Rebalance Schedule Monthly
Under normal conditions, BSJI will invest at least 80% of its net assets in high yield securities (junk bonds),
Distribution Schedule (if any) Monthly which are debt securities that are rated below investment grade by nationally recognized statistical rating
Fund Inception Date 4.25.2012 organizations, or are unrated securities the investment adviser believes are of comparable quality.
Expected Termination Date 12.31.2018

FUND CHARACTERISTICS*
Number of Securities 130 AVERAGE ANNUAL TOTAL RETURNS
Average Duration 2.96 Since Fund Total Expense
YTD 3-Month 1-Year 3-Year 5-Year Inception Ratio
Average Maturity 4.02 years (4.25.2012)
Weighted Average Bond Price 108.88 Market Close 3.61% 1.52% 10.53% 9.36% 0.42%
Average duration measures the sensitivity of the price (the NAV 3.66% 1.49% 10.31% 9.19% 0.42%
value of principal) of a fixed-income investment to a change NASDAQ BulletShares USD High Yield 4.25% 2.09% 11.31% 10.70%
in interest rates. The larger the duration number, the greater Corporate Bond 2018 Index
the interest-rate risk for bond prices. Average maturity is Barclays U.S. Corporate High Yield Index 5.46% 2.41% 11.73% 10.41%
the length of time until the principal amount of a bond must
be repaid. Weighted average bond price is a weighted
average of individual bond prices.
The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
BSJI has a designated year of maturity of 2018 and will
may not be repeated.
terminate on or about December 31, 2018. In connection
with such termination, the fund will make a cash distribution Performance displayed represents past performance, which is no guarantee of future results. Investment
to then-current shareholders of its net assets after making returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
appropriate provisions for any liabilities of the fund. BSJI than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
does not seek to return any predetermined amount at date fund performance, including performance current to the most recent month-end, please visit our web site
maturity. In the final six months of operation, as the bonds at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
held by the fund mature, the funds portfolio will transition value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
to cash and cash equivalents, including without limitation shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
U.S. Treasury Bills and investment grade commercial paper, or below NAV. For additional information, please see the fund's prospectus.
which may result in a lower yield than the yields of the Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
bonds previously held by the fund and/or prevailing yields ETF at the initial share price for share price returns or the initial NAV per share for NAV returns. Partial year returns are cumulative, not
for bonds in the market. The fund will terminate on or about annualized. Returns reflect the reinvestment of dividends.
the date above without requiring additional approval by the Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
Trusts Board of Trustees (the board) or fund corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
shareholders. The board may change the termination date to excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
an earlier or later date if a majority of the board determines reflect transaction costs, fees or expenses.
the change to be in the best interest of the fund.
The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
*
For more up-to-date fund and index characteristics advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
information, visit guggenheiminvestments.com.
 BSJI Guggenheim BulletShares 2018 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

10.67% Holdings Coupon Maturity S&P Rating* Weight

12.06% 10.04% SPRINT NEXTEL CORP. 9.0% 15-NOV-2018 9.00 11.15.2018 BB+ 4.33%

SLM CORPORATION 8.45% 15-JUN-2018 8.45 6.15.2018 BB 2.22%

1.71% 12.37% COMMUNITY HEALTH SYSTEMS, INC. 5.125% 15-AUG-2018 5.13 8.15.2018 BB 2.14%
0.04% 18.77%
0.12% ARCELORMITTAL SA 6.125% 01-JUN-2018 6.13 6.1.2018 BB+ 2.06%
1.13% 13.92%
18.20% PEABODY ENERGY CORPORATION 6.0% 15-NOV-2018 6.00 11.15.2018 BB- 2.03%
0.48%
CIT GROUP, INC. 5.25% 15-MAR-2018 5.25 3.15.2018 BB- 2.00%

NRG ENERGY, INC. 7.625% 15-JAN-2018 7.63 1.15.2018 BB- 1.83%

BBB- B NR
BB+ B- Cash DISH DBS CORPORATION 4.25% 01-APR-2018 4.25 4.1.2018 BB- 1.62%
BB CCC+ 8.88 2.1.2018 CCC+ 1.58%
BB- CCC HEXION US FINANCE CORP. 8.875% 01-FEB-2018
B+ CCC- GENERAL MOTORS COMPANY 3.5% 02-OCT-2018 3.50 10.2.2018 BB+ 1.49%

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 27.91%
not the fund or its shares. Bonds rated BBB- and above are Non-Energy Minerals 9.45%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Energy Minerals 7.73%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Process Industries 6.94%
characteristics are subject to change on a daily basis and represent Communications 6.46%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Consumer Services 6.40%
should not be deemed as a recommendation to buy or sell. Index Consumer Durables 5.48%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Health Services 4.65%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Interest Liquidity Risk:
Liquidity risk exists when particular investments are difficult to
purchase or sell. If the fund invests in illiquid securities or securities
that become illiquid, fund returns may be reduced because the fund
may be unable to sell the illiquid securities at an advantageous time
or price. Declining Yield Risk: During the final year of the funds
operations, as the bonds held by the fund mature and the funds
portfolio transitions to cash and cash equivalents, the funds yield
will generally tend to move toward the yield of cash and cash
equivalents and thus may be lower than the yields of the bonds
previously held by the fund and/or prevailing yields for bonds in the
market. Fluctuation of Yield and Liquidation Amount Risk: The
fund, unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, will make distributions of
income that vary over time. Unlike a direct investment in bonds, the
breakdown of returns between fund distributions and liquidation
proceeds are not predictable at the time of your investment. For
example, at times during the funds existence, it may make
distributions at a greater (or lesser) rate than the coupon payments
received on the funds portfolio, which will result in the fund
returning a lesser (or greater) amount on liquidation than would
otherwise be the case. The rate of fund distribution payments may
adversely affect the tax characterization of your returns from an
investment in the fund relative to a direct investment in corporate
bonds. If the amount you receive as liquidation proceeds upon the
funds termination is higher or lower than your cost basis, you may
experience a gain or loss for tax purposes. Financial Services
Sector Risk: The financial services industries are subject to
extensive government regulation, can be subject to relatively rapid
change due to increasingly blurred distinctions between service
segments and can be significantly affected by availability and cost
of capital funds, changes in interest rates, the rate of corporate and
consumer debt defaults and price competition. Concentration Risk:
If the index concentrates in an industry or group of industries, the
funds investments will be concentrated accordingly. In such event,
the value of the funds shares may rise and fall more than the value
of shares of a fund that invests in securities of companies in a
broader range of industries. In addition, the funds are subject to:
Non-Correlation Risk, Replication Management Risk, Issuer-
Specific Changes and Non-Diversified Fund Risk. Please read the
prospectus for more detailed information regarding these and other
risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2018 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJI-0614 x0914 #13863

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJJ Guggenheim Bulletshares 2019 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJJIV Guggenheim BulletShares 2019 High Yield Corporate Bond ETF (BSJJ) seeks investment results that corre-
CUSIP 18383M373 spond generally to the performance, before the funds fees and expenses, of a high-yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2019 Index. The index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high-yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2019. The effective maturity of an eligible corporate bond is determined
2019 Index (BSJKJ) by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Index Weighting Methodology Market Value in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Rebalance Schedule Monthly provider. The fund has a designated year of maturity of 2019 and will terminate on or about December 31,
Distribution Schedule (if any) Monthly 2019. BSJJ will invest at least 80% of its total assets in component securities that comprise the index. Under
Fund Inception Date 9.23.2013 normal conditions, BSJJ will invest at least 80% of its net assets in high-yield securities (junk bonds), which
Expected Termination Date 12.31.2019 are debt securities that are rated below investment grade by nationally recognized statistical rating organi-
zations, or are unrated securities the investment advisor believes are of comparable quality.
Fund Characteristics
Number of Securities 125
Average Duration 3.50
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 4.90 years Since Fund
YTD 1-Month 3-Month 6-Month Inception Total Expense
Weighted Average Bond Price 106.82 Ratio
(9.23.2013)
Average duration measures the sensitivity of the price (the Market Close 4.48% 0.71% 2.02% 4.48% 8.81% 0.42%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 4.58% 0.64% 1.98% 4.58% 8.49% 0.42%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD High Yield 4.83% 0.84% 2.28% 4.83% 7.84%
the length of time until the principal amount of a bond must Corporate Bond 2019 Index
be repaid. Weighted average bond price is a weighted Barclays U.S. Corporate High Yield Index 5.46% 0.84% 2.41% 5.46% 8.85%
average of individual bond prices.

BSJJ has a designated year of maturity of 2019 and will

terminate on or about December 31, 2019. In connection
with such termination, the fund will make a cash distribution
to then-current shareholders of its net assets after making
appropriate provisions for any liabilities of the fund. BSJJ
does not seek to return any predetermined amount at
maturity. In the final six months of operation, as the bonds
held by the fund mature, the funds portfolio will transition
to cash and cash equivalents, including without limitation
U.S. Treasury Bills and investment grade commercial paper,
which may result in a lower yield than the yields of the
bonds previously held by the fund and/or prevailing yields
for bonds in the market. The fund will terminate on or about
the date above without requiring additional approval by the
Trusts Board of Trustees (the board) or fund
shareholders. The board may change the termination date to
an earlier or later date if a majority of the board determines
the change to be in the best interest of the fund.
*
For more up-to-date fund and index characteristics
information, visit guggenheiminvestments.com.
The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
may not be repeated.
Performance displayed represents past performance, which is no guarantee of future results. Investment
returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
date fund performance, including performance current to the most recent month-end, please visit our web site
at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
or below NAV. For additional information, please see the fund's prospectus.
Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
ETF at the initial share price for share price returns or the initial NAV per share for NAV returns. Partial year returns are cumulative, not
annualized. Returns reflect the reinvestment of dividends.
Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
reflect transaction costs, fees or expenses.
The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
 BSJJ Guggenheim Bulletshares 2019 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

2.86% Holdings Coupon Maturity S&P Rating* Weight

0.70%
0.52% 8.66%
11.33% NUMERICABLE GROUP SA 4.875% 15-MAY-2019 4.88 5.15.2019 B+ 3.02%
10.05%
ARCELORMITTAL SA 10.35% 01-JUN-2019 10.35 6.1.2019 BB+ 2.44%
14.58% SPRINT CAPITAL CORP. 6.9% 01-MAY-2019 6.90 5.1.2019 BB- 2.11%
14.71%
CIT GROUP INC. 5.5% 15-FEB-2019 5.50 2.15.2019 BB- 2.09%
16.44% 20.15%
CLEAR CHANNEL COMMUNICATIONS, INC. 9.0% 15-DEC-2019 9.00 12.15.2019 CCC+ 2.03%

LINN ENERGY FINANCE CORP. 6.25% 01-NOV-2019 6.25 11.1.2019 B+ 2.01%

DISH DBS CORPORATION 7.875% 01-SEP-2019 7.88 9.1.2019 BB- 1.98%

BB+ B-
BB CCC+ SLM CORPORATION 5.5% 15-JAN-2019 5.50 1.15.2019 BB 1.87%
BB- CCC 7.38 6.15.2019 B+ 1.76%
B+ CCC- FIRST DATA CORPORATION 7.375% 15-JUN-2019
B Cash HCA, INC. 3.75% 15-MAR-2019 3.75 3.15.2019 BB 1.75%

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 21.95%
not the fund or its shares. Bonds rated BBB- and above are Energy Minerals 13.94%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Consumer Services 9.70%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Communications 9.60%
characteristics are subject to change on a daily basis and represent Electronic Technology 6.64%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Consumer Durables 5.97%
should not be deemed as a recommendation to buy or sell. Index Non-Energy Minerals 5.57%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Process Industries 4.14%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Interest Liquidity Risk:
Liquidity risk exists when particular investments are difficult to
purchase or sell. If the fund invests in illiquid securities or securities
that become illiquid, fund returns may be reduced because the fund
may be unable to sell the illiquid securities at an advantageous time
or price. Declining Yield Risk: During the final year of the funds
operations, as the bonds held by the fund mature and the funds
portfolio transitions to cash and cash equivalents, the funds yield
will generally tend to move toward the yield of cash and cash
equivalents and thus may be lower than the yields of the bonds
previously held by the fund and/or prevailing yields for bonds in the
market. Fluctuation of Yield and Liquidation Amount Risk: The
fund, unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, will make distributions of
income that vary over time. Unlike a direct investment in bonds, the
breakdown of returns between fund distributions and liquidation
proceeds are not predictable at the time of your investment. For
example, at times during the funds existence, it may make
distributions at a greater (or lesser) rate than the coupon payments
received on the funds portfolio, which will result in the fund
returning a lesser (or greater) amount on liquidation than would
otherwise be the case. The rate of fund distribution payments may
adversely affect the tax characterization of your returns from an
investment in the fund relative to a direct investment in corporate
bonds. If the amount you receive as liquidation proceeds upon the
funds termination is higher or lower than your cost basis, you may
experience a gain or loss for tax purposes. Financial Services
Sector Risk: The financial services industries are subject to
extensive government regulation, can be subject to relatively rapid
change due to increasingly blurred distinctions between service
segments and can be significantly affected by availability and cost
of capital funds, changes in interest rates, the rate of corporate and
consumer debt defaults and price competition. Concentration Risk:
If the index concentrates in an industry or group of industries, the
funds investments will be concentrated accordingly. In such event,
the value of the funds shares may rise and fall more than the value
of shares of a fund that invests in securities of companies in a
broader range of industries. In addition, the funds are subject to:
Non-Correlation Risk, Replication Management Risk, Issuer-
Specific Changes and Non-Diversified Fund Risk. Please read the
prospectus for more detailed information regarding these and other
risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2019 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJJ-0614 x0914 #13864

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com
NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.2014

BSJK Guggenheim Bulletshares 2020 High

Yield Corporate Bond ETF

Fund Facts Strategy Overview

IIV Ticker BSJKIV Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (BSJK) seeks investment results that corre-
CUSIP 18383M365 spond generally to the performance, before the funds fees and expenses, of a high-yield corporate bond
NASDAQ index called the NASDAQ BulletShares USD High Yield Corporate Bond 2020 Index. The index is designed to
BulletShares USD
High Yield represent the performance of a held-to-maturity portfolio of U.S. dollar-denominated high-yield corporate
Underlying Index (Symbol)
Corporate Bond bonds with effective maturities in 2020. The effective maturity of an eligible corporate bond is determined
2020 Index (BSJKK) by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Index Weighting Methodology Market Value in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Rebalance Schedule Monthly provider. The fund has a designated year of maturity of 2020 and will terminate on or about December 31,
Distribution Schedule (if any) Monthly 2020.BSJK will invest at least 80% of its total assets in component securities that comprise the index. Under
Fund Inception Date 9.23.2013 normal conditions, BSJK will invest at least 80% of its net assets in high-yield securities (junk bonds), which
Expected Termination Date 12.31.2020 are debt securities that are rated below investment grade by nationally recognized statistical rating organi-
zations, or are unrated securities the investment advisor believes are of comparable quality.
Fund Characteristics
Number of Securities 136
Average Duration 4.21
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 6.07 years Since Fund
YTD 1-Month 3-Month 6-Month Inception Total Expense
Weighted Average Bond Price 107.74 Ratio
(9.23.2013)
Average duration measures the sensitivity of the price (the Market Close 5.14% 0.72% 2.20% 5.14% 9.11% 0.42%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 5.24% 0.73% 2.08% 5.24% 8.88% 0.42%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD High Yield 5.24% 0.89% 2.20% 5.24% 8.85%
the length of time until the principal amount of a bond must Corporate Bond 2020 Index
be repaid. Weighted average bond price is a weighted Barclays U.S. Corporate High Yield Index 5.46% 0.84% 2.41% 5.46% 8.85%
average of individual bond prices.

BSJK has a designated year of maturity of 2020 and will

terminate on or about December 31, 2020. In connection
with such termination, the fund will make a cash distribution
to then-current shareholders of its net assets after making
appropriate provisions for any liabilities of the fund. BSJK
does not seek to return any predetermined amount at
maturity. In the final six months of operation, as the bonds
held by the fund mature, the funds portfolio will transition
to cash and cash equivalents, including without limitation
U.S. Treasury Bills and investment grade commercial paper,
which may result in a lower yield than the yields of the
bonds previously held by the fund and/or prevailing yields
for bonds in the market. The fund will terminate on or about
the date above without requiring additional approval by the
Trusts Board of Trustees (the board) or fund
shareholders. The board may change the termination date to
an earlier or later date if a majority of the board determines
the change to be in the best interest of the fund.
*
For more up-to-date fund and index characteristics
information, visit guggenheiminvestments.com.
The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
may not be repeated.
Performance displayed represents past performance, which is no guarantee of future results. Investment
returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
date fund performance, including performance current to the most recent month-end, please visit our web site
at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
or below NAV. For additional information, please see the fund's prospectus.
Unless otherwise noted, data is as of 6.30.2014. Data is subject to change on a daily basis. Since inception returns assume a purchase of the
ETF at the initial share price for share price returns or the initial NAV per share for NAV returns. Partial year returns are cumulative, not
annualized. Returns reflect the reinvestment of dividends.
Barclays U.S. Corporate High Yield Index measures the market for USD-denominated non-investment grade, fixed-rate, taxable
corporate bonds. Securities are classified as high yield if the middle rating of Moody's, Fitch and S&P is Bal/BB+/BB+ or below. The index
excludes emerging market debt. The referenced indices are unmanaged and not available for direct investment. Index performance does not
reflect transaction costs, fees or expenses.
The expense ratio is expressed as a unitary fee and covers all expenses of the fund, except for the fee payments under the investment
advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
 BSJK Guggenheim Bulletshares 2020 High Yield Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

Holdings Coupon Maturity S&P Rating* Weight

HCA, INC. 6.5% 15-FEB-2020 6.50 2.15.2020 BB 2.53%
3.02% 17.02%
12.56% REYNOLDS GROUP ISSUER, INC. 5.75% 15-OCT-2020 5.75 10.15.2020 B+ 2.36%
0.76%
0.12% 15.04%
SOFTBANK CORP. 4.5% 15-APR-2020 4.50 4.15.2020 BB+ 1.94%
0.35% 11.11%
H. J. HEINZ COMPANY 4.25% 15-OCT-2020 4.25 10.15.2020 BB- 1.91%
20.85%
19.19% FIRST DATA CORPORATION 6.75% 01-NOV-2020 6.75 11.1.2020 B+ 1.72%

VPI ESCROW CORP. 6.375% 15-OCT-2020 6.38 10.15.2020 B 1.69%

ALLY FINANCIAL INC. 8.0% 15-MAR-2020 8.00 3.15.2020 BB 1.56%

BB+ B-
BB CCC+ ALLY FINANCIAL INC. 7.5% 15-SEP-2020 7.50 9.15.2020 BB 1.55%
BB- CCC 6.63 4.15.2020 B- 1.52%
B+ NR HEXION US FINANCE CORP. 6.625% 15-APR-2020
B Cash BIOMET, INC. 6.5% 01-AUG-2020 6.50 8.1.2020 B- 1.39%

TOP FUND SECTORS

*
Credit quality, as rated by Standard & Poors, is an assessment of
the credit worthiness of an issuer of the underlying security and Finance 23.94%
not the fund or its shares. Bonds rated BBB- and above are Consumer Services 7.91%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Energy Minerals 6.99%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Health Services 6.90%
characteristics are subject to change on a daily basis and represent Communications 6.23%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Process Industries 5.95%
should not be deemed as a recommendation to buy or sell. Index Non-Energy Minerals 5.54%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Health Technology 4.88%

RISK CONSIDERATIONS Investors should consider the following
risk factors and special considerations associated with investing in
the fund, which may cause you to lose money, including the entire
principal amount that you invest. Interest Rate Risk: As interest
rates rise, the value of fixed-income securities held by the fund are
likely to decrease. Securities with longer durations tend to be more
sensitive to interest rate changes, making them more volatile than
securities with shorter durations. Credit/Default Risk: Issuers or
guarantors of debt instruments or the counterparty to a repurchase
agreement or loan of portfolio securities may be unable or unwilling
to make timely interest and/or principal payments or otherwise
honor its obligations. Debt instruments are subject to varying
degrees of credit risk, which may be reflected in credit ratings.
Securities issued by the U.S. government generally have less credit
risk than debt securities of non-government issuers. However,
securities issued by certain U.S. government agencies are not
necessarily backed by the full faith and credit of the U.S.
government. Credit rating downgrades and defaults (failure to make
interest or principal payment) may potentially reduce the funds
income and share price. High-Yield Securities Risk: High yield
securities generally offer a higher current yield than that available
from higher grade issues, but typically involve greater risk. Securities
rated below investment grade are commonly referred to as junk
bonds. The ability of issuers of high yield securities to make timely
payments of interest and principal may be adversely impacted by
adverse changes in general economic conditions, changes in the
financial condition of the issuers and price fluctuations in response
to changes in interest rates. Asset Class Risk: The bonds in the
funds portfolio may underperform the returns of other bonds or
indexes that track other industries, markets, asset classes or sectors.
Call Risk/Prepayment Risk: During periods of falling interest rates,
an issuer of a callable bond may exercise its right to pay principal on
an obligation earlier than expected. This may result in the funds
having to reinvest proceeds at lower interest rates, resulting in a
decline in the funds income. Extension Risk: An issuer may
exercise its right to pay principal on an obligation later than
expected. This may happen when there is a rise in interest rates.
Under these circumstances, the value of the obligation will decrease
and the funds performance may suffer from its inability to invest in
higher yielding securities. Income Risk: Falling interest rates may
cause the funds income to decline. Interest Liquidity Risk:
Liquidity risk exists when particular investments are difficult to
purchase or sell. If the fund invests in illiquid securities or securities
that become illiquid, fund returns may be reduced because the fund
may be unable to sell the illiquid securities at an advantageous time
or price. Declining Yield Risk: During the final year of the funds
operations, as the bonds held by the fund mature and the funds
portfolio transitions to cash and cash equivalents, the funds yield
will generally tend to move toward the yield of cash and cash
equivalents and thus may be lower than the yields of the bonds
previously held by the fund and/or prevailing yields for bonds in the
market. Fluctuation of Yield and Liquidation Amount Risk: The
fund, unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, will make distributions of
income that vary over time. Unlike a direct investment in bonds, the
breakdown of returns between fund distributions and liquidation
proceeds are not predictable at the time of your investment. For
example, at times during the funds existence, it may make
distributions at a greater (or lesser) rate than the coupon payments
received on the funds portfolio, which will result in the fund
returning a lesser (or greater) amount on liquidation than would
otherwise be the case. The rate of fund distribution payments may
adversely affect the tax characterization of your returns from an
investment in the fund relative to a direct investment in corporate
bonds. If the amount you receive as liquidation proceeds upon the
funds termination is higher or lower than your cost basis, you may
experience a gain or loss for tax purposes. Financial Services
Sector Risk: The financial services industries are subject to
extensive government regulation, can be subject to relatively rapid
change due to increasingly blurred distinctions between service
segments and can be significantly affected by availability and cost
of capital funds, changes in interest rates, the rate of corporate and
consumer debt defaults and price competition. Concentration Risk:
If the index concentrates in an industry or group of industries, the
funds investments will be concentrated accordingly. In such event,
the value of the funds shares may rise and fall more than the value
of shares of a fund that invests in securities of companies in a
broader range of industries. In addition, the funds are subject to:
Non-Correlation Risk, Replication Management Risk, Issuer-
Specific Changes and Non-Diversified Fund Risk. Please read the
prospectus for more detailed information regarding these and other
risks.
INDEX DISCLOSURE The index provider and its affiliates do not
make any warranties or bear any liabilities with respect to
Guggenheim funds. BulletShares and NASDAQ BulletShares USD
High Yield Corporate Bond 2020 Index are trademarks of Accretive
Asset Management LLC and have been licensed for use by
Guggenheim Funds Investment Advisors, LLC.
Read the funds prospectus and summary prospectus
(if available) carefully before investing. It contains
the funds investment objectives, risks, charges,
expenses and other information, which should be
considered carefully before investing. Obtain a
prospectus and summary prospectus (if available) at
guggenheiminvestments.com.
The referenced fund is 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.
ETF-FCT-BSJK-0614 x0914 #13865

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE guggenheiminvestments.com