NYSE ARCA LISTED Exchange Traded Fund Fixed Income 6.30.

2014

BSCE Guggenheim BulletShares 2014

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2014 Corporate Bond ETF (BSCE) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCEIV called the NASDAQ BulletShares USD Corporate Bond 2014 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M571
with effective maturities in the year 2014. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2014 Index (BSCBE)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. The fund will invest atleast 80% of its total assets in component securities that
Distribution Schedule (if any) Monthly comprise the index. BSCE expects to use a sampling approach in seeking to achieve its objective. The quan-
Fund Inception Date 6.7.2010 tity of holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2014 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 76
Average Duration 0.30
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 0.46 years
Since Fund Total Expense
Weighted Average Bond Price 91.73 YTD 3-Month 1-Year 3-Year 5-Year Inception
(6.7.2010) Ratio
Average duration measures the sensitivity of the price (the
Market Close -0.37% -0.10% 0.10% 1.30% 2.75% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 0.10% 0.04% 0.67% 1.61% 2.82% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2014 Index 0.31% 0.15% 1.00% 1.94% 3.19%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 3.66% 3.92%
average of individual bond prices.

BSCE has a designated year of maturity of 2014 and will

terminate on or about December 31, 2014. 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. BSCE
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.
CALENDAR YEAR TOTAL RETURNS For the one-year period beginning 12.31 and ending 12.31 the following year
2011 2012 2013
Market Close 3.17% 3.46% 0.88%
NAV 2.55% 4.22% 0.88%
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCE Guggenheim BulletShares 2014 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

Holdings Coupon Maturity S&P Rating* Weight

CITIGROUP, INC. 5.0% 15-SEP-2014 5.00 9.15.2014 BBB+ 4.72%
4.62% 15.66%
MORGAN STANLEY 4.2% 20-NOV-2014 4.20 11.20.2014 A- 2.62%
4.04% 26.61%
0.77% MERRILL LYNCH & CO., INC. 5.45% 15-JUL-2014 5.45 7.15.2014 A- 2.54%
0.32% 8.64%
JPMORGAN CHASE & CO. 5.125% 15-SEP-2014 5.13 9.15.2014 A- 2.43%
18.84%
BELLSOUTH CORP. 5.2% 15-SEP-2014 5.20 9.15.2014 A- 2.27%
3.44%
0.90% BEAR STEARNS COS., INC. 5.7% 15-NOV-2014 5.70 11.15.2014 A 2.21%
8.98% 7.17%
WELLS FARGO & COMPANY 3.75% 01-OCT-2014 3.75 10.1.2014 A+ 2.13%
AA+ A- NR
AA BBB+ Cash GENERAL ELECTRIC CAPITAL CORPORATION 4.75% 15-SEP-2014 4.75 9.15.2014 AA+ 2.07%
AA- BBB 5.50 11.15.2014 A- 1.96%
A+ BBB- GOLDMAN SACHS GROUP, INC. 5.5% 15-NOV-2014
A BB+ ROYAL BANK OF CANADA 1.45% 30-OCT-2014 1.45 10.30.2014 AA- 1.96%

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 52.15%
not the fund or its shares. Bonds rated BBB- and above are Communications 6.30%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Health Technology 6.10%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Consumer Non-Durables 5.31%
characteristics are subject to change on a daily basis and represent Energy Minerals 4.23%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Electronic Technology 2.93%
should not be deemed as a recommendation to buy or sell. Index Consumer Services 2.59%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Miscellaneous 1.97%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCE-0614 x0914 #12771

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

BSCF Guggenheim BulletShares 2015

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2015 Corporate Bond ETF (BSCF) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCFIV called the NASDAQ BulletShares USD Corporate Bond 2015 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M563
with effective maturities in the year 2015. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2015 Index (BSCBF)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCF will invest at least 80% of its total assets in component securities that com-
Distribution Schedule (if any) Monthly prise the index. BSCF expects to use a sampling approach in seeking to achieve its objective. The quantity of
Fund Inception Date 6.7.2010 holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2015 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 286
Average Duration 0.98
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 1.08 years
Since Fund Total Expense
Weighted Average Bond Price 102.54 YTD 3-Month 1-Year 3-Year 5-Year Inception
(6.7.2010) Ratio
Average duration measures the sensitivity of the price (the
Market Close 0.50% 0.29% 1.75% 2.81% 4.05% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 0.54% 0.29% 1.76% 2.95% 3.98% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2015 Index 0.66% 0.32% 1.99% 3.19% 4.27%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 3.66% 3.92%
average of individual bond prices.

BSCF has a designated year of maturity of 2015 and will

terminate on or about December 31, 2015. 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. BSCF
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.
CALENDAR YEAR TOTAL RETURNS For the one-year period beginning 12.31 and ending 12.31 the following year
2011 2012 2013
Market Close 3.48% 6.05% 1.61%
NAV 3.45% 6.63% 1.47%
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCF Guggenheim BulletShares 2015 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

8.75% 8.47% Holdings Coupon Maturity S&P Rating* Weight

4.63%
1.44% ABBVIE, INC. 1.2% 06-NOV-2015 1.20 11.6.2015 A 1.35%
0.13% PFIZER, INC. 5.35% 15-MAR-2015 5.35 3.15.2015 AA 1.16%
1.17% 25.07%
4.60% BANK OF AMERICA CORP. 4.5% 01-APR-2015 4.50 4.1.2015 A- 1.03%
6.74% THE GOLDMAN SACHS GROUP, INC. 3.7% 01-AUG-2015 3.70 8.1.2015 A- 1.01%
19.27%
GE CAPITAL CORP. 2.15% 09-JAN-2015 2.15 1.9.2015 AA+ 0.99%
8.09% 11.65%
BNP PARIBAS US MEDIUM-TERM NOTE PROGRAM LLC 3.25% 11- 3.25 3.11.2015 A+ 0.94%
MAR-2015
THE GOLDMAN SACHS GROUP, INC. 3.3% 03-MAY-2015 3.30 5.3.2015 A- 0.94%
AAA A BB+
AA+ A- Cash MORGAN STANLEY 6.0% 28-APR-2015 6.00 4.28.2015 A- 0.93%
AA BBB+
AA- BBB JPMORGAN CHASE & CO. 3.7% 20-JAN-2015 3.70 1.20.2015 A 0.92%
A+ BBB- 4.66 10.9.2015 BBB 0.87%
BBVA U.S. SENIOR SAU 4.664% 09-OCT-2015

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 61.85%
not the fund or its shares. Bonds rated BBB- and above are Health Technology 5.52%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Consumer Non-Durables 4.07%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Communications 4.04%
characteristics are subject to change on a daily basis and represent Retail Trade 3.50%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Consumer Services 3.41%
should not be deemed as a recommendation to buy or sell. Index Electronic Technology 2.84%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Energy Minerals 2.69%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCF-0614 x0914 #12773

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

BSCG Guggenheim BulletShares 2016

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2016 Corporate Bond ETF (BSCG) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCGIV called the NASDAQ BulletShares USD Corporate Bond 2016 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M555
with effective maturities in the year 2016. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2016 Index (BSCBG)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. The fund will invest at least 80% of its total assets in component securities that
Distribution Schedule (if any) Monthly comprise the index. BSCG expects to use a sampling approach in seeking to achieve its objective. The quan-
Fund Inception Date 6.7.2010 tity of holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2016 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 295
Average Duration 1.89
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 2.00 years
Since Fund Total Expense
Weighted Average Bond Price 104.83 YTD 3-Month 1-Year 3-Year 5-Year Inception
(6.7.2010) Ratio
Average duration measures the sensitivity of the price (the
Market Close 0.91% 0.35% 2.80% 3.66% 4.96% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 1.01% 0.48% 2.86% 3.80% 4.90% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2016 Index 1.13% 0.51% 3.09% 4.24% 5.38%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 3.66% 3.92%
average of individual bond prices.

BSCG has a designated year of maturity of 2016 and will

terminate on or about December 31, 2016. 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. BSCG
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.
CALENDAR YEAR TOTAL RETURNS For the one-year period beginning 12.31 and ending 12.31 the following year
2011 2012 2013
Market Close 5.43% 7.03% 1.79%
NAV 4.31% 7.82% 1.80%
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCG Guggenheim BulletShares 2016 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

6.32% 8.07% Holdings Coupon Maturity S&P Rating* Weight

0.33%
0.37% JPMORGAN CHASE & CO. 3.15% 05-JUL-2016 3.15 7.5.2016 A 1.46%
14.34%
0.15% VERIZON COMMUNICATIONS INC. 2.5% 15-SEP-2016 2.50 9.15.2016 BBB+ 1.32%
1.10%
3.19% 23.72% THE GOLDMAN SACHS GROUP, INC. 3.625% 07-FEB-2016 3.63 2.7.2016 A- 1.29%
4.42% 8.68% 6.50 8.1.2016 A- 1.27%
BANK OF AMERICA CORP. 6.5% 01-AUG-2016
18.89% CISCO SYSTEMS, INC. 5.5% 22-FEB-2016 5.50 2.22.2016 AA- 1.08%

10.41% THE GOLDMAN SACHS GROUP, INC. 5.35% 15-JAN-2016 5.35 1.15.2016 A- 1.07%

THE HOME DEPOT, INC. 5.4% 01-MAR-2016 5.40 3.1.2016 A 1.05%

AAA A BB+
AA+ A- BB JPMORGAN CHASE & CO. 3.45% 01-MAR-2016 3.45 3.1.2016 A 1.04%
AA BBB+ Cash 3.68 6.15.2016 A+ 0.96%
AA- BBB WELLS FARGO & CO. 3.676% 15-JUN-2016
A+ BBB- INTERNATIONAL BUSINESS MACHINES CORPORATION 1.95% 22- 1.95 7.22.2016 AA- 0.85%
JUL-2016

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 55.52%
not the fund or its shares. Bonds rated BBB- and above are Communications 6.80%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Health Technology 5.51%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Consumer Non-Durables 4.60%
characteristics are subject to change on a daily basis and represent Electronic Technology 4.60%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Consumer Services 3.48%
should not be deemed as a recommendation to buy or sell. Index Technology Services 3.33%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Retail Trade 3.16%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCG-0614 x0914 #12774

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

BSCH Guggenheim BulletShares 2017

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2017 Corporate Bond ETF (BSCH) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCHIV called the NASDAQ BulletShares USD Corporate Bond 2017 Index. The index is designed to represent the
IIV Ticker
NASDAQ performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
BulletShares USD with effective maturities in the year 2017. The effective maturity of an eligible corporate bond is determined
Underlying Index (Symbol) Corporate Bond by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
2017 Index (BSCBH)
in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
Index Weighting Methodology Market Value
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
CUSIP 18383M548 will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCH will invest at least 80% of its total assets in component securities that com-
Distribution Schedule (if any) Monthly prise the index. BSCH expects to use a sampling approach in seeking to achieve its objective. The quantity of
Fund Inception Date 6.7.2010 holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2017 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 274
Average Duration 2.83
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 3.04 years
Since Fund Total Expense
Weighted Average Bond Price 107.31 YTD 3-Month 1-Year 3-Year 5-Year Inception
(6.7.2010) Ratio
Average duration measures the sensitivity of the price (the
Market Close 1.79% 0.84% 4.55% 4.89% 5.90% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 2.01% 0.89% 4.61% 4.85% 5.84% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2017 Index 2.19% 0.97% 4.93% 5.25% 6.35%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 3.66% 3.92%
average of individual bond prices.

BSCH has a designated year of maturity of 2017 and will

terminate on or about December 31, 2017. 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. BSCH
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.
CALENDAR YEAR TOTAL RETURNS For the one-year period beginning 12.31 and ending 12.31 the following year
2011 2012 2013
Market Close 4.65% 9.95% 1.05%
NAV 4.52% 10.71% 0.78%
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCH Guggenheim BulletShares 2017 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

6.76% 10.06% 9.25% Holdings Coupon Maturity S&P Rating* Weight

0.80%
CITIGROUP, INC. 6.125% 21-NOV-2017 6.13 11.21.2017 A- 1.61%
0.26%
0.16% GENERAL ELECTRIC CO. 5.25% 06-DEC-2017 5.25 12.6.2017 AA+ 1.52%
1.32%
5.10% 24.08% ABBVIE, INC. 1.75% 06-NOV-2017 1.75 11.6.2017 A 1.31%
3.92%
8.11% THE GOLDMAN SACHS GROUP, INC. 6.25% 01-SEP-2017 6.25 9.1.2017 A- 1.26%
19.67% GE CAPITAL CORP. 5.625% 15-SEP-2017 5.63 9.15.2017 AA+ 1.24%

INTERNATIONAL BUSINESS MACHINES CORP. 5.7% 14-SEP-2017 5.70 9.14.2017 AA- 1.19%
10.49%
DEUTSCHE BANK AG (LONDON BRANCH) 6.0% 01-SEP-2017 6.00 9.1.2017 A 1.18%
AAA A BB+
AA+ A- BB- WELLS FARGO & CO. 5.625% 11-DEC-2017 5.63 12.11.2017 A+ 1.14%
AA BBB+ Cash 5.75 12.1.2017 A- 1.14%
AA- BBB BANK OF AMERICA CORP. 5.75% 01-DEC-2017
A+ BBB- JPMORGAN CHASE BANK NA 6.0% 01-OCT-2017 6.00 10.1.2017 A 1.03%

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 52.45%
not the fund or its shares. Bonds rated BBB- and above are Health Technology 6.90%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Energy Minerals 6.38%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Consumer Services 4.32%
characteristics are subject to change on a daily basis and represent Consumer Non-Durables 3.92%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Communications 3.88%
should not be deemed as a recommendation to buy or sell. Index Retail Trade 3.79%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Producer Manufacturing 3.63%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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
(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-BSCH-0614 x0914 #12775

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

BSCI Guggenheim BulletShares 2018

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2018 Corporate Bond ETF (BSCI) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCIIV called the NASDAQ BulletShares USD Corporate Bond 2018 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M530
with effective maturities in the year 2018. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2018 Index (BSCBI)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCI will invest at least 80% of its total assets in component securities that com-
Distribution Schedule (if any) Monthly prise the index. BSCI expects to use a sampling approach in seeking to achieve its objective. The quantity of
Fund Inception Date 3.28.2012 holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2018 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 282
Average Duration 3.56
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 3.92 years
Since Fund Total Expense
Weighted Average Bond Price 109.76 YTD 3-Month 1-Year 3-Year 5-Year Inception
(3.28.2012) Ratio
Average duration measures the sensitivity of the price (the
Market Close 2.34% 1.43% 5.19% 4.61% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 2.64% 1.53% 5.20% 4.50% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2018 Index 2.76% 1.59% 5.45% 5.11%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 2.47%
average of individual bond prices.

BSCI has a designated year of maturity of 2018 and will

terminate on or about December 31, 2018. 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. BSCI
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCI Guggenheim BulletShares 2018 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

6.84% 8.87% Holdings Coupon Maturity S&P Rating* Weight

0.73%
0.16% MERRILL LYNCH & CO., INC. /OLD/ 6.875% 25-APR-2018 6.88 4.25.2018 A- 2.06%
0.15% 13.02%
JPMORGAN CHASE & CO. 6.0% 15-JAN-2018 6.00 1.15.2018 A 1.79%
1.73%
2.97% MORGAN STANLEY 6.625% 01-APR-2018 6.63 4.1.2018 A- 1.42%
5.83% 27.62%
5.22% THE GOLDMAN SACHS GROUP, INC. 5.95% 18-JAN-2018 5.95 1.18.2018 A- 1.36%

16.18% THE GOLDMAN SACHS GROUP, INC. 6.15% 01-APR-2018 6.15 4.1.2018 A- 1.33%
10.66% APPLE INC. 1.0% 03-MAY-2018 1.00 5.3.2018 AA+ 1.25%

GE CAPITAL CORP. 5.625% 01-MAY-2018 5.63 5.1.2018 AA+ 1.23%

AAA A BB+
AA+ A- BB CITIGROUP, INC. 6.125% 15-MAY-2018 6.13 5.15.2018 A- 1.16%
AA BBB+ Cash 3.65 9.14.2018 BBB+ 1.14%
AA- BBB VERIZON COMMUNICATIONS INC. 3.65% 14-SEP-2018
A+ BBB- WACHOVIA CORP. 5.75% 01-FEB-2018 5.75 2.1.2018 A+ 1.00%

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 51.14%
not the fund or its shares. Bonds rated BBB- and above are Consumer Non-Durables 6.54%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Communications 5.81%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Health Technology 5.01%
characteristics are subject to change on a daily basis and represent Electronic Technology 4.49%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Utilities 4.44%
should not be deemed as a recommendation to buy or sell. Index Retail Trade 3.29%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Energy Minerals 3.18%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCI-0614 x0914 #12765

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

BSCJ Guggenheim BulletShares 2019

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2019 Corporate Bond ETF (BSCJ) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCJIV called the NASDAQ BulletShares USD Corporate Bond 2019 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M522
with effective maturities in the year 2019. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2019 Index (BSCBJ)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCJ will invest at least 80% of its total assets in component securities that com-
Distribution Schedule (if any) Monthly prise the index. BSCJ expects to use a sampling approach in seeking to achieve its objective. The quantity of
Fund Inception Date 3.28.2012 holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2019 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 218
Average Duration 4.22
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 4.83 years
Since Fund Total Expense
Weighted Average Bond Price 114.47 YTD 3-Month 1-Year 3-Year 5-Year Inception
(3.28.2012) Ratio
Average duration measures the sensitivity of the price (the
Market Close 3.86% 1.90% 6.08% 4.88% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 3.62% 2.03% 6.09% 4.76% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2019 Index 3.78% 2.10% 6.46% 5.35%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 2.47%
average of individual bond prices.

BSCJ 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. BSCJ
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCJ Guggenheim BulletShares 2019 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

5.30% Holdings Coupon Maturity S&P Rating* Weight

1.62%
0.31% BANK OF AMERICA CORPORATION 2.6% 15-JAN-2019 2.60 1.15.2019 A- 1.59%
16.05%
0.25%
12.22% THE GOLDMAN SACHS GROUP, INC. 7.5% 15-FEB-2019 7.50 2.15.2019 A- 1.55%
0.77%
1.44% PFIZER INC. 6.2% 15-MAR-2019 6.20 3.15.2019 AA 1.53%
4.92% 7.98% 20.90%
MORGAN STANLEY 5.625% 23-SEP-2019 5.63 9.23.2019 A- 1.51%
20.83% JPMORGAN CHASE & CO. 6.3% 23-APR-2019 6.30 4.23.2019 A 1.44%
7.42%
MORGAN STANLEY 7.3% 13-MAY-2019 7.30 5.13.2019 A- 1.41%

NOVARTIS SECURITIES INVESTMENT LTD. 5.125% 10-FEB-2019 5.13 2.10.2019 AA- 1.39%
AAA A BB+
AA+ A- BB- BANK OF AMERICA CORP. 7.625% 01-JUN-2019 7.63 6.1.2019 A- 1.38%
AA BBB+ Cash 8.50 5.22.2019 A- 1.38%
AA- BBB CITIGROUP, INC. 8.5% 22-MAY-2019
A+ BBB- THE DOW CHEMICAL CO. 8.55% 15-MAY-2019 8.55 5.15.2019 BBB 1.32%

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 41.10%
not the fund or its shares. Bonds rated BBB- and above are Energy Minerals 7.52%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Consumer Non-Durables 7.39%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Health Technology 5.59%
characteristics are subject to change on a daily basis and represent Electronic Technology 5.03%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Communications 4.91%
should not be deemed as a recommendation to buy or sell. Index Consumer Services 4.59%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Process Industries 4.16%

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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCJ-0614 x0914 #12766

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

BSCK Guggenheim BulletShares 2020

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2020 Corporate Bond ETF (BSCK) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCKIV called the NASDAQ BulletShares USD Corporate Bond 2020 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M514
with effective maturities in the year 2020. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2020 Index (BSCBK)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCK will invest at least 80% of its total assets in component securities that com-
Distribution Schedule (if any) Monthly prise the index. BSCK expects to use a sampling approach in seeking to achieve its objective. The quantity of
Fund Inception Date 3.28.2012 holdings in the fund will be based on a number of factors, including the asset size of the fund, potential
Expected Termination Date 12.31.2020 transaction costs in acquiring particular securities, the anticipated impact of particular index securities on the
performance of the index and the availability of particular securities in the secondary market.
FUND CHARACTERISTICS*
Number of Securities 183
Average Duration 5.16
AVERAGE ANNUAL TOTAL RETURNS
Average Maturity 6.02 years
Since Fund Total Expense
Weighted Average Bond Price 110.88 YTD 3-Month 1-Year 3-Year 5-Year Inception
(3.28.2012) Ratio
Average duration measures the sensitivity of the price (the
Market Close 4.62% 2.49% 7.28% 5.54% 0.24%
value of principal) of a fixed-income investment to a change
in interest rates. The larger the duration number, the greater NAV 4.63% 2.64% 7.36% 5.44% 0.24%
the interest-rate risk for bond prices. Average maturity is NASDAQ BulletShares USD Corporate
the length of time until the principal amount of a bond must Bond 2020 Index 4.89% 2.73% 7.72% 6.03%
be repaid. Weighted average bond price is a weighted Barclays U.S. Aggregate Bond Index 3.93% 2.04% 4.37% 2.47%
average of individual bond prices.

BSCK 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. BSCK
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.
The Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCK Guggenheim BulletShares 2020 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

Holdings Coupon Maturity S&P Rating* Weight

10.02%
VERIZON COMMUNICATIONS INC. 4.5% 15-SEP-2020 4.50 9.15.2020 BBB+ 2.26%
0.62% 16.02%
0.31% 12.41% BANK OF AMERICA CORP. 5.625% 01-JUL-2020 5.63 7.1.2020 A- 1.81%
1.09%
2.69% JPMORGAN CHASE & CO. 4.4% 22-JUL-2020 4.40 7.22.2020 A 1.80%
5.24% 22.90% 4.25 10.15.2020 A 1.62%
JPMORGAN CHASE & CO. 4.25% 15-OCT-2020
5.24% 22.22% THE GOLDMAN SACHS GROUP, INC. 5.375% 15-MAR-2020 5.38 3.15.2020 A- 1.52%
1.25%
MORGAN STANLEY 5.5% 26-JAN-2020 5.50 1.26.2020 A- 1.35%

EMC CORPORATION 2.65% 01-JUN-2020 2.65 6.1.2020 A 1.34%

AAA A BB+ ANHEUSER-BUSCH INBEV WORLDWIDE, INC. 5.375% 15-JAN-
AA+ A- Cash 5.38 1.15.2020 A 1.32%
2020
AA BBB+
AA- BBB CISCO SYSTEMS, INC. 4.45% 15-JAN-2020 4.45 1.15.2020 AA- 1.31%
A+ BBB- 5.15 4.30.2020 A- 1.29%
NBCUNIVERSAL MEDIA LLC 5.15% 30-APR-2020

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 39.10%
not the fund or its shares. Bonds rated BBB- and above are Consumer Services 7.27%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Consumer Non-Durables 6.38%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Industrial Services 6.15%
characteristics are subject to change on a daily basis and represent Health Technology 5.62%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Electronic Technology 5.34%
should not be deemed as a recommendation to buy or sell. Index Communications 4.25%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Utilities 4.03%

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. 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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD 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-BSCK-0614 x0914 #12767

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

BSCL Guggenheim BulletShares 2021

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2021 Corporate Bond ETF (BSCL) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCBL called the NASDAQ BulletShares USD Corporate Bond 2021 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M266
with effective maturities in the year 2021. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2021 Index (BSCBL)
provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
Index Weighting Methodology Market Value will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Rebalance Schedule Monthly grade commercial paper. BSCL has a designated year of maturity of 2021 and will terminate on or about
Distribution Schedule (if any) Monthly December 31, 2021. In connection with such termination, the fund will make a cash distribution to then-cur-
Fund Inception Date 7.16.2013 rent shareholders of its net assets after making appropriate provisions for any liabilities of the fund. The fund
Expected Termination Date 12.31.2021 does not seek to return any predetermined amount at maturity. BSCL will invest at least 80% of its total
assets in component securities that comprise the index. BSCL expects to use a sampling approach in seeking
Fund Characteristics
to achieve its objective. The quantity of holdings in the fund will be based on a number of factors, including
Number of Securities 172
the asset size of the fund, potential transaction costs in acquiring particular securities, the anticipated impact
Average Duration 5.83 of particular index securities on the performance of the index and the availability of particular securities in
Average Maturity 6.96 years the secondary market.
Weighted Average Bond Price 109.52
Average duration measures the sensitivity of the price (the
value of principal) of a fixed-income investment to a change AVERAGE ANNUAL TOTAL RETURNS
in interest rates. The larger the duration number, the greater Since Fund
the interest-rate risk for bond prices. Average maturity is YTD 1-Month 3-Month 6-Month Inception Total Expense
the length of time until the principal amount of a bond must (7.16.2013) Ratio
be repaid. Weighted average bond price is a weighted Market Close 6.22% 0.54% 2.66% 6.22% 8.06% 0.24%
average of individual bond prices.
NAV 6.14% 0.16% 2.72% 6.14% 7.60% 0.24%
BSCL has a designated year of maturity of 2021 and will NASDAQ BulletShares USD Corporate 6.07% 0.16% 2.76% 6.07% 7.52%
terminate on or about December 31, 2021. In connection Bond 2021 Index
with such termination, the fund will make a cash distribution Barclays U.S. Aggregate Bond Index 3.93% 0.05% 2.04% 3.93% 4.05%
to then-current shareholders of its net assets after making
appropriate provisions for any liabilities of the fund. BSCL
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 The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
to cash and cash equivalents, including without limitation may not be repeated.
U.S. Treasury Bills and investment grade commercial paper, Performance displayed represents past performance, which is no guarantee of future results. Investment
which may result in a lower yield than the yields of the returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
bonds previously held by the fund and/or prevailing yields than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
for bonds in the market. The fund will terminate on or about date fund performance, including performance current to the most recent month-end, please visit our web site
the date above without requiring additional approval by the at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
Trusts Board of Trustees (the board) or fund value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
shareholders. The board may change the termination date to shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
an earlier or later date if a majority of the board determines or below NAV. For additional information, please see the fund's prospectus.
the change to be in the best interest of the fund. 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
*
For more up-to-date fund and index characteristics annualized. Returns reflect the reinvestment of dividends.
information, visit guggenheiminvestments.com. Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCL Guggenheim BulletShares 2021 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

Holdings Coupon Maturity S&P Rating* Weight

9.48%
0.20% HSBC FINANCE CORP. 6.676% 15-JAN-2021 6.68 1.15.2021 A- 2.53%
17.79%
1.25% 5.25 7.27.2021 A- 2.15%
0.44% 16.26% THE GOLDMAN SACHS GROUP, INC. 5.25% 27-JUL-2021
0.21% GENERAL ELECTRIC CAPITAL CORPORATION 4.65% 17-OCT-2021 4.65 10.17.2021 AA+ 1.89%
2.53%
5.04% 18.54% MORGAN STANLEY 5.75% 25-JAN-2021 5.75 1.25.2021 A- 1.78%
3.48% BNP PARIBAS US MEDIUM-TERM NOTE PROGRAM LLC 5.0% 15- 5.00 1.15.2021 A+ 1.71%
14.52% JAN-2021
10.26% WELLS FARGO & COMPANY 4.6% 01-APR-2021 4.60 4.1.2021 A+ 1.69%

JPMORGAN CHASE & CO. 4.35% 15-AUG-2021 4.35 8.15.2021 A 1.65%

AAA A BB+
AA+ A- BB GENERAL ELECTRIC CAPITAL CORPORATION 5.3% 11-FEB-2021 5.30 2.11.2021 AA 1.57%
AA BBB+ Cash
AA- BBB MORGAN STANLEY 5.5% 28-JUL-2021 5.50 7.28.2021 A- 1.54%
A+ BBB- 4.74 3.11.2021 A 1.49%
BP CAPITAL MARKETS PLC 4.742% 11-MAR-2021

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 42.55%
not the fund or its shares. Bonds rated BBB- and above are Consumer Services 6.19%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Communications 5.67%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Retail Trade 5.21%
characteristics are subject to change on a daily basis and represent Process Industries 4.78%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Health Technology 4.58%
should not be deemed as a recommendation to buy or sell. Index Electronic Technology 4.52%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Industrial Services 4.11%

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. 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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD Corporate Bond 2021 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-BSCL-0614 x0914 #12769

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

BSCM Guggenheim BulletShares 2022

Corporate Bond ETF

Style Allocation: Corporate Bond Strategy Overview

Investment Strategy: Investment Grade Corp Guggenheim BulletShares 2022 Corporate Bond ETF (BSCM) seeks investment results that correspond gen-
Fund Facts erally to the performance, before the funds fees and expenses, of an investment grade corporate bond index
BSCBM called the NASDAQ BulletShares USD Corporate Bond 2022 Index. The index is designed to represent the
IIV Ticker
performance of a held-to-maturity portfolio of U.S. dollar-denominated investment-grade corporate bonds
CUSIP 18383M258
with effective maturities in the year 2022. The effective maturity of an eligible corporate bond is determined
NASDAQ
BulletShares USD by its actual maturity or, in the case of callable securities, the effective maturity of the security as determined
Underlying Index (Symbol) Corporate Bond in accordance with a rules-based methodology developed by Accretive Asset Management LLC, the index
2022 Index
(BSCBM) provider. In the last six months of operation, when the bonds held in the fund mature, the funds portfolio
will transition to cash and cash equivalents, including without limitation U.S. Treasury Bills and investment
Index Weighting Methodology Market Value
grade commercial paper. BSCI has a designated year of maturity of 2022 and will terminate on or about
Rebalance Schedule Monthly
December 31, 2022. In connection with such termination, the fund will make a cash distribution to then-cur-
Distribution Schedule (if any) Monthly
rent shareholders of its net assets after making appropriate provisions for any liabilities of the fund. The fund
Fund Inception Date 7.16.2013 does not seek to return any predetermined amount at maturity. BSCM will invest at least 80% of its total
Expected Termination Date 12.31.2022 assets in component securities that comprise the index. BSCM expects to use a sampling approach in seeking
Fund Characteristics to achieve its objective. The quantity of holdings in the fund will be based on a number of factors, including
167 the asset size of the fund, potential transaction costs in acquiring particular securities, the anticipated impact
Number of Securities
of particular index securities on the performance of the index and the availability of particular securities in
Average Duration 6.73
the secondary market.
Average Maturity 8.02 years
Weighted Average Bond Price 102.41
Average duration measures the sensitivity of the price (the AVERAGE ANNUAL TOTAL RETURNS
value of principal) of a fixed-income investment to a change
Since Fund Total Expense
in interest rates. The larger the duration number, the greater YTD 1-Month 3-Month 6-Month Inception
the interest-rate risk for bond prices. Average maturity is (7.16.2013) Ratio
the length of time until the principal amount of a bond must
Market Close 6.23% 0.18% 2.94% 6.23% 7.32% 0.24%
be repaid. Weighted average bond price is a weighted
average of individual bond prices. NAV 6.68% 0.18% 3.19% 6.68% 7.34% 0.24%
NASDAQ BulletShares USD Corporate 6.97% 0.19% 3.26% 6.97% 7.52%
BSCM has a designated year of maturity of 2022 and will Bond 2022 Index
terminate on or about December 31, 2022. In connection Barclays U.S. Aggregate Bond Index 3.93% 0.05% 2.04% 3.93% 4.05%
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. BSCM
does not seek to return any predetermined amount at
maturity. In the final six months of operation, as the bonds The past performance of the Fund has been attributed to unusually favorable market conditions that are likely not sustainable. Performance
held by the fund mature, the funds portfolio will transition may not be repeated.
to cash and cash equivalents, including without limitation Performance displayed represents past performance, which is no guarantee of future results. Investment
U.S. Treasury Bills and investment grade commercial paper, returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less
which may result in a lower yield than the yields of the than original cost. Current performance may be lower or higher than the performance data quoted. For up-to-
bonds previously held by the fund and/or prevailing yields date fund performance, including performance current to the most recent month-end, please visit our web site
for bonds in the market. The fund will terminate on or about at guggenheiminvestments.com. ETFs are subject to third-party transaction fees/commissions. Net asset
the date above without requiring additional approval by the value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of
Trusts Board of Trustees (the board) or fund shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above
shareholders. The board may change the termination date to or below NAV. For additional information, please see the fund's prospectus.
an earlier or later date if a majority of the board determines 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
the change to be in the best interest of the fund. 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.
*
For more up-to-date fund and index characteristics Barclays U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-
information, visit guggenheiminvestments.com. rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM
passthroughs), ABS and CMBS. 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.
 BSCM Guggenheim BulletShares 2022 Corporate Bond ETF 6.30.2014

FUND CREDIT QUALITY BREAKDOWN* TOP FUND HOLDINGS*

Holdings Coupon Maturity S&P Rating* Weight

10.26% 5.75 1.24.2022 A- 2.33%
THE GOLDMAN SACHS GROUP, INC. 5.75% 24-JAN-2022
4.50% 16.58%
0.46% 14.50% WELLS FARGO & COMPANY 3.5% 08-MAR-2022 3.50 3.8.2022 A+ 1.96%
0.42%
JPMORGAN CHASE & CO. 4.5% 24-JAN-2022 4.50 1.24.2022 A 1.92%
0.47%
1.96% 16.78% BARCLAYS BANK PLC 7.625% 21-NOV-2022 7.63 11.21.2022 BB+ 1.84%
1.43%
4.36% 20.51% AMERICAN INTERNATIONAL GROUP, INC. 4.875% 01-JUN-2022 4.88 6.1.2022 A- 1.65%
7.78%
BP CAPITAL MARKETS PLC 3.245% 06-MAY-2022 3.25 5.6.2022 A 1.50%

JPMORGAN CHASE & CO. 3.25% 23-SEP-2022 3.25 9.23.2022 A 1.50%

AAA A BB+
AA+ A- BB- THE ROYAL BANK OF SCOTLAND PLC 6.125% 15-DEC-2022 6.13 12.15.2022 BB+ 1.49%
AA BBB+ Cash 2.70 10.9.2022 AA+ 1.46%
AA- BBB GENERAL ELECTRIC COMPANY 2.7% 09-OCT-2022
A+ BBB- VERIZON COMMUNICATIONS INC. 2.45% 01-NOV-2022 2.45 11.1.2022 BBB+ 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 31.11%
not the fund or its shares. Bonds rated BBB- and above are Energy Minerals 8.69%
considered investment grade and those rated below BBB- are
considered non-investment grade. NR-Securties not rated. Producer Manufacturing 6.85%
Unless otherwise noted, data is as of 6.30.2014. Data and fund Health Technology 5.72%
characteristics are subject to change on a daily basis and represent Consumer Services 5.14%
a percentage of the fund's holdings, excluding cash. The securities
mentioned are provided for informational purposes only and Industrial Services 5.05%
should not be deemed as a recommendation to buy or sell. Index Consumer Non-Durables 4.90%
data Source: Guggenheim Funds Distributors, LLC or Morningstar.
Communications 4.83%

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. 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. 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. 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, NASDAQ BulletShares and
NASDAQ BulletShares USD Corporate Bond 2022 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-BSCM-0614 x0914 #12770

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