Effective today,  Guggenheim will begin trading their Guggenheim Shipping ETF (NYSE:SEA) under a new index. The fund will now begin tracking the Dow Jones Global Shipping Index. There are to be no changes in issue name, ticker symbol or CUSIP.

The Dow Jones Global Shipping Index measures the stock performance of high dividend-paying companies in the global shipping industry. The index universe is defined as all equity securities in the Dow Jones indexes database that are involved in the shipping industry globally that primarily transport goods and materials. Companies solely involved in shipping passengers are excluded from the Index. Stocks also must pass liquidity screens to be considered for the Index. The Index is weighted by float-adjusted market capitalization. The weights of individual components are capped at 20%. Additionally, the aggregate weight of components with weightings of 4.5% or more is restricted to 45%. The Fund will at all times invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and master limited partnerships (“MLPs”) that comprise the Index and the underlying stocks in respect of the ADRs and GDRs in the Index. The Fund generally will invest in all of the securities comprising the Index in proportion to their weightings in the Index.

Prior to today, the fund had been following the Delta Global Shipping Index.

More information can be found: HERE

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