Morningstar Advisor - December/January 2012 - (Page 59)

ThE FIRST ChINA YuAN BOND ETF Fixed-Income Potential in China’s New Market of Opportunity For growth opportunity and diversified currency exposure, look to the East. The offshore Chinese Yuan Bond Market (commonly referred to as the ‘Dim Sum bond market’) offers a new way to access China’s dynamic economic environment. Learn more about guggenheim’s yuan bond etf at www.guggenheimfunds.com/yuan Consider the investment objectives, risks, charges and ongoing expenses of any investment product carefully before investing. The prospectus contains this and other relevant information. Please read the prospectus carefully before investing. To obtain a prospectus, visit www.guggenheimfunds.com or contact your Guggenheim Funds sales team. financial Professional use only. 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. investing in non-u.s. issuers such as china may involve unique risks such as currency, political, and economic risk. debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. Investments in emerging markets are generally considered to be less economically mature than developed nations. Please refer to the individual etf prospectuses for a more detailed discussion of the Fund-specific risks and considerations. the fund is not sponsored, endorsed, sold or promoted by alphashares, inc. (“Licensor”). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the fund particularly or the ability of the alphashares china yuan bond index (“index”) to track general market performance. Licensor’s only relationship to guggenheim funds investment advisors, LLc (“Licensee”) is the licensing of the index which is determined, composed and calculated by Licensor without regard to Licensee or the fund. Licensor has no obligation to take the needs of the Licensee or the shareholders of the fund into consideration in determining, composing or calculating the index. Licensor shall not be liable to any person for any error in the index nor shall it be under any obligation to advise any person of any error therein. NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, IL 60532 800-345-7999 | www.guggenheimfunds.com | Member FINRA/SIPC 10/2011 http://WWW.GUGGENHEIMFUNDS.COM/YUAN http://www.guggenheimfunds.com http://WWW.GUGGENHEIMFUNDS.COM/YUAN http://www.guggenheimfunds.com

Table of Contents for the Digital Edition of Morningstar Advisor - December/January 2012

Morningstar Advisor - December/January 2012
Contents
Contributors
Letter From the Editor
Seduced by Complexity
Is China Exposure Important for a Portfolio?
A Niche Built on Trust
How to Find Your Client’s Investment Style
Taking the Long View
Consensus on Europe Elusive
Four Picks for the Present
Investment Briefs
Is Perception Reality for Active Managers?
Be Alert for Basic-Materials Bargains
Investment Boom Unsustainable
Digging Moats in China
Where China’s Domestic Companies Stand to Benefit
Arising Opportunities
China Strong Long Term
From Currency Manipulation to International Acceptance
The Keys to China’s Fortune
Wedgewood’s Lessons Pay Off
Reading the Evidence on Indexing
Scouting for Investments Abroad
Yield, Please (Hold the Europe)
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
China Fund Managers Eat Elsewhere

Morningstar Advisor - December/January 2012