Claymore gives ticker symbols for two Guggenheim BulletShares High-Yield Corporate Bond ETFs

By Toni Weeks

San Luis Obispo, Calif., Sept. 20 - Claymore Exchange-Traded Fund Trust gave the ticker symbols for its latest two high-yield corporate bond exchange-traded funds, according to an N-1A filing with the Securities and Exchange Commission.

The Guggenheim BulletShares 2019 High Yield Corporate Bond ETF will trade on the NYSE Arca under the symbol "BSJJ." The Guggnheim BulletShares 2020 High Yield Corporate Bond ETF will trade under the symbol "BSJK."

The funds will track indexes designed to replicate a held-to-maturity portfolio of dollar-denominated high-yield corporate bonds with a correlating effective maturity date. The indexes are provided by Accretive Asset Management.

Under normal conditions, each fund will invest at least 80% of its net assets in component securities from its respective index. During the last year of operation, as the bonds mature, a fund's portfolio will transition to cash and cash equivalents, including U.S. Treasury bills and investment-grade commercial paper. Once each fund hits its target date, Claymore will make a cash distribution of net assets to shareholders and close down each ETF.

The 2019 ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the BulletShares USD High Yield Corporate Bond 2019 index.

The 2020 ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the BulletShares USD High Yield Corporate Bond 2020 index.

Saroj Kanuri, Burak Hurmeydan and Jie Du serve as the portfolio managers for the funds.

Total annual fund operating expenses for each fund are 0.42%, which consists solely of a 0.42% management fee.

Guggenheim Funds Investment Advisors, LLC is the funds' Lisle, Ill.-based investment adviser.

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