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FUND SUMMARY
The Claymore/BNY Mellon Frontier Markets ETF (the "Fund") seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called The Bank of New York Mellon New Frontier DR Index (the “Frontier Index” or the “Index”). The Fund will normally invest at least 80% of its total assets in American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the Index. The Fund also will normally invest at least 80% of its total assets in securities of issuers from Frontier Market countries (whether directly or through ADRs or GDRs), as defined by The Bank of New York Mellon, the Fund's index provider (“BNY Mellon” or the “Index Provider”) from time to time in the manner set forth below. Claymore Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation.
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before fees and expenses, the performance of the Frontier Index. The Index tracks the performance of depositary receipts, in ADR or GDR form, that trade on the London Stock Exchange (“LSE”), New York Stock Exchange (“NYSE”), American Stock Exchange (“AMEX”) and Nasdaq Stock Market (“NASDAQ”) of companies from countries that are defined as the “Frontier Market.” The Index Provider defines Frontier Market countries based upon an evaluation of gross domestic product growth, per capita income growth, experienced and expected inflation rates, privatization of infrastructure and social inequalities.
FEATURED LITERATURE
FUND STATISTICS
as of 1/6/09
| |
MARKET PRICE |
NAV |
| Close |
$12.56 |
$12.61 |
|
| Change |
($0.04) |
$0.10 |
|
| 52-Week High |
$25.21 |
$24.95 |
|
| 52-Week Low |
$11.21 |
$10.82 |
|
| Bid/Ask Midpoint |
$12.47 |
|
| Bid/Ask Premium (Discount) |
-1.15 % |
|
| Volume |
3,167 |
|
| Shares Outstanding |
960,000 |
|
| Total Managed Assets |
$12,102,850 |
Price History
Figures are based on market close.
FUND DATA
as of 9/30/08
| Number of Securities |
50 |
| Weighted Average Market Capitalization |
$7.6 Bil |
Data subject to change on a daily basis.
TOP FUND COUNTRY WEIGHTINGS
as of 9/30/08
| COUNTRY |
WEIGHTING |
| Poland |
25.07 % |
| |
| Chile |
23.55 % |
| |
| Egypt |
14.78 % |
| |
| Lebanon |
4.86 % |
| |
| Kazakhstan |
4.63 % |
| |
| Peru |
4.48 % |
| |
| Czech Republic |
3.96 % |
| |
| Kuwait |
2.95 % |
| |
| Pakistan |
2.78 % |
| |
| Nigeria |
2.54 % |
| |
| Colombia |
2.37 % |
| |
| Bahrain |
1.99 % |
| |
| Oman |
1.88 % |
| |
| Qatar |
1.32 % |
| |
| Luxembourg |
1.07 % |
| |
| UAE |
1.06 % |
| |
| Jersey |
0.25 % |
| |
| Estonia |
0.23 % |
| |
| Georgia |
0.22 % |
This data is subject to change on a daily basis.
TOP FUND SECTOR WEIGHTINGS
as of 9/30/08
| SECTOR |
WEIGHTING |
| Financials |
41.61 % |
| |
| Telecommunication Services |
14.69 % |
| |
| Utilities |
10.97 % |
| |
| Materials |
10.49 % |
| |
| Energy |
9.38 % |
| |
| Industrials |
8.00 % |
| |
| Consumer Staples |
3.65 % |
| |
| Consumer Discretionary |
1.23 % |
The data above represents Fund composition as of the most recent rebalance of its underlying index.
This data is subject to change on a daily basis and represents a percentage of the Fund's total equity holdings.
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PROFILE
| Symbol (Click for Intraday Price) |
FRN
|
| Exchange |
NYSE Arca |
| NAV Symbol (IIV) |
FRNIV |
| CUSIP |
18383Q838 |
| Fund Inception Date |
6/12/08 |
| Income Distribution |
- |
| Distribution Schedule (if any) |
Annually |
| Expense Cap1 |
0.65 % |
| Fiscal Year-End |
5/31 |
| Investment Adviser |
Claymore Advisors, LLC |
| Bank of New York Mellon New Frontier DR Index |
BKNFR |
| Index Provider |
The Bank of New York Mellon
|
| Index Constituent List |
BONY
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1 The Fund’s expense ratio for its initial fiscal year is based on an assumed average asset level of $100 million. If assets are lower than $100 million, the expense ratio will be higher due to the inclusion of offering costs during the first 12 months of operations. If average assets of the Fund exceed $100 million during the Fund’s first 12 months, the expense ratio may be lower. There is a contractual fee waiver currently in place for this Fund through December 31, 2010 to the extent necessary in keeping the Fund’s operating expense ratio from exceeding 0.65% of average net assets per year. Some expenses fall outside of this expense cap and actual expenses may be higher than 0.65%. Without this expense cap, actual returns would be lower.
Morningstar Ownership Zone
as of 9/30/2008
Source: Morningstar, Inc. as of 9/30/08
Portfolio composition is subject to change on a daily basis.
© 2008 Morningstar, Inc. All Rights Reserved. The information contained therein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The Morningstar Equity Style BoxTM is a grid that provides a graphical representation of the investment style of stocks within a portfolio. It classifies securities according to market capitalization (the vertical axis) and 10 growth and value factors (the horizontal axis) and allows Morningstar to provide analysis on a 5-by-5 Style Box — as well as providing the traditional Style Box assignment, which is the basis for the Morningstar Category. A portfolio’s Ownership Zone is derived by plotting each stock in the Fund’s portfolio within the proprietary Morningstar Style Box. The shaded area represents the center 75% of the Fund’s assets, and it provides an intuitive visual representation of the area of the market in which the Fund invests. A “centroid” plot in the middle of the Ownership Zone represents the weighted average of all the Fund’s holdings.
TOP FUND HOLDINGS
as of 1/6/09
| Bank Pekao SA |
8.03 % |
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| Telekomunikacja Polska SA |
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