Claymore International Fundamental Index ETF (CIE)
$12.54
Last Market Price: 2/3/12 3:57PM ET
$0.07 | 0.56 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The Claymore International Fundamental Index ETF (TSX:CIE), has been designed to replicate the performance of the FTSE RAFI Developed ex US 1000 Index, which comprises the top 1,000 non US-listed companies with the largest fundamental value. The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:

  • total cash dividends (five-year average of all regular and special distributions)
  • free cash flow (five-year average cash flow)
  • total sales (five-year average total sales)
  • book equity value (current period book equity value)

 

The FTSE RAFI Developed ex US 1000 Index represents 25 separate country/regional indices from Europe, Australasia and the Far East. The Claymore International Fundamental Index ETF offers the advantages of an active management strategy with the highlights of a passive investment: lower turnover costs and transparent rules-based selection, while retaining high investment capacity. By using these factors rather than market cap to weight stocks, Fundamental Indexation takes advantage of price movements by reducing the index’s holdings in constituents whose prices have risen relative to other constituents, and increasing holdings in companies whose prices have fallen behind. In addition, Fundamental Indexation decreases exposure to high P/E stocks during episodes of unsustainable P/E expansion. Therefore, this approach seeks to avoid over-exposure to the more overvalued stocks.

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FUND STATISTICS
as of 2/3/12
Price History
  MARKET PRICE NAV
Close $12.54 $12.47
Change $0.07 $0.07
52-Week High $14.98 $14.87
52-Week Low $11.15 $11.23
Bid/Ask Midpoint $12.54
Bid/Ask Premium (Discount) 0.56 %
Volume 45,316
Shares Outstanding 9,351,672
Total Managed Assets $116,599,160
Total Managed Assets (Common and Advisor) $127,758,239
As of September 15, 2011 volume is the daily volume summation of Toronto Stock Exchange and Alpha Trading Systems. Prior to September 15, 2011 volume displayed was that of the Toronto Stock Exchange only.  Figures are based on market close.
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TOP FUND HOLDINGS
as of 2/3/12
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BP PLC ORD USD.25 . 2.20 %
ING GROEP N.V. CVA EUR0.24 . 1.64 %
VODAFONE GROUP ORD USD0.11428571 1.59 %
ROYAL DUTCH SHELL PLC A SHS 1.55 %
TOTAL SA EUR2.5 POST SUBDIVISION 1.52 %
HSBC HLDGS ORD USD0.50 (UK) . 1.45 %
ROYAL DUTCH SHELL PLC B SHS . 1.20 %
GLAXOSMITHKLINE ORD GBP0.25 . 1.00 %
ENI EUR1 . 0.95 %
NESTLE SA 0.94 %
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TOP SECTORS
as of 2/3/12
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PROFILE
Ticker Symbol (Click for Intraday Price) CIE
Exchange TSX
CUSIP 18385H208
Inception Date 2/14/07
Income Distribution Primarily Foreign Dividend Income
Distribution Schedule (if any) Quarterly
Management Fees 0.65 %
Management Expense Ratio (as of 6/30/11) 0.73 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name FTSE RAFI Developed ex US 1000 Index
Index Provider FTSE RAFI
RRSP, RRIF, RESP, DPSP, TFSA 100% Eligible
DRIP Offered Yes
PACC Offered Yes
SWP Offered Yes

Management Expense Ratio is the total percentage of fund assets used for administrative, management, marketing, and all other expenses.

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INDEX CHARACTERISTICS
as of 12/31/11
Number of Securities 1,024
Average Market Capitalization $51.13 Bil
Average Price/Earnings 11.82 x
Average Price/Book 1.78 x
Current Dividend Yield 4.03 %
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TOP FUND COUNTRY WEIGHTINGS
as of 12/31/11
Europe 45.83 %
Asia Developed 29.84 %
UK 17.80 %
Canada 6.20 %

This data is subject to change on a daily basis.

P/E Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its after-tax earnings over the most recent 12-month period.

P/B Ratio is a harmonic weighted average and is equal to a security’s market capitalization divided by its book value.

Alpha is a statistical measurement that depicts the performance difference between a fund's return and an underlying performance benchmark, given a fund’s level of volatility, measured by beta. The benchmark will always reflect an alpha of 0.00%. A positive alpha indicates a fund has performed better than its beta would predict in the stated period. Data displayed is for the previous 3 year period.

Beta is the measure of a fund's sensitivity to the Index. By definition, the beta of the Index is 1.00. Any fund with a higher beta is more volatile than the Index. Likewise, any portfolio with a lower beta will be less volatile than the index in the stated period. Data displayed is for the previous 3 year period.

Standard deviation is a statistical measurement that depicts how widely returns vary over a given period of time. The measurement is generally used to understand the range of returns that are most likely for a given portfolio. Generally, a higher standard deviation indicates a more risky portfolio. This is computed by using the trailing monthly total returns for the appropriate time period. Monthly standard deviations are then annualized. Data displayed is for the previous 3 year time period.

Average Market Capitalization is the geometric mean of the market capitalizations for all the securities in a fund’s portfolio.

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DISTRIBUTION INFORMATION
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Last Distribution per Share $0.168200
Indicated Distribution Yield* 5.395 %
DRIP/PACC Price $11.97
Date Paid 1/6/12
Next Targeted Distribution
Ex-Date 3/27/12
Record Date 3/29/12
Payable Date 4/5/12
(*) Approximate annualized distribution yield based on last distribution and most recent NAV. Information may change without notice. Actual results may vary.

Distribution per unit is subject to change on the ex-distribution date. Distributions, if any, will be paid on a quarterly basis.

RISKS AND OTHER CONSIDERATIONS

There is no assurance the Fund will achieve its investment objective. Past performance does not guarantee future results. Index returns do not represent Fund returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated.

An investment in the Fund will be subject to certain risk factors, including: there can be no assurance that the Fund will be able to achieve its distribution or total return objectives; Risk of Error in Replicating the FTSE RAFI Developed ex 1000 Index; Equity Risk; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the FTSE RAFI Developed ex 1000 Index; Cease Trading of Constituent Securities; Illiquid Securities; Use of Derivative Instruments; Securities Lending; Trading Price of Units; Potential Conflicts of Interest; Changes in Legislation; Taxation of the Fund; Absence of an Active Market for the Units and Lack of Operating History.

“Fundamental Index®” and/or “Research Affiliates Fundamental Index®” and/or “RAFI” and/or all other RA trademarks, trade names, patented and patent‐pending concepts are the exclusive property of Research Affiliates, LLC.

Commissions, trailing commissions, management fees and expenses all may be associated with fund investments. Please read the prospectus before investing. The indicated rate of return is the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Funds are not guaranteed, their values change frequently and past performance may not be repeated.