Claymore S&P/TSX CDN Preferred Share ETF (CPD)
$17.57
Last Market Price: 2/3/12 4:07PM ET
$0.00 | 0.00 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The Claymore S&P/TSX CDN Preferred Share ETF (TSX:CPD), seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P/TSX Preferred Share Index™ (the “Index”). The investment strategy of the Fund is to invest in and hold the constituent securities of the Index.

The ETF provides suitable investors of any size with the opportunity to gain exposure to the Canadian preferred shares market, while providing a diversified portfolio and the potential for monthly distributions. By accessing preferred shares through an ETF portfolio rather than buying individual securities, investors may benefit in other ways as well. The ETF may:

  • Reduce risks associated with retractions and early redemptions, which might otherwise compromise the potential returns of an individual investor’s preferred share portfolio.
  • Reduce the credit risk associated with any particular security/issuer.
  • Eliminate the responsibility of individual investors to elect fixed or floating option upon reset of fixed/floater preferred share holdings.

 

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FUND STATISTICS
as of 2/3/12
Price History
  MARKET PRICE NAV
Close $17.57 $17.56
Change $0.00 $0.01
52-Week High $17.57 $17.56
52-Week Low $16.83 $16.85
Bid/Ask Midpoint $17.58
Bid/Ask Premium (Discount) 0.09 %
Volume 1,126,315
Shares Outstanding 51,720,500
Total Managed Assets $908,195,468
Total Managed Assets (Common and Advisor) $988,019,411
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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TRANCANADA CORPORATION CUM RED 1ST PFD SR1 1.43 %
ENBRIDGE INC CUM RED PFD SER B 1.29 %
MANULIFE FINL CORPORATION NON CUM CL A PFD SER 4 1.23 %
BANK OF NOVA SCOTIA NON CUM PFD SH SER 16 1.14 %
BANK OF MONTREAL NON CUM 5YR RT CL B PFD SER 23 1.10 %
TORONTO DOMINION BANK NON-CUM CL A FIRST PFD SER O 1.04 %
BCE INC CUM RED 1STPFD SER AI 1.01 %
TRANSCANADA CORPORATION CUM RED FIRST PFD SER 3 0.98 %
BANK OF NOVA SCOTIA NON CUM 5YR RT RESET PFD SER18 0.98 %
TORONTO DOMINION BANK NON CUM 5 YR RT RESET CL A PRF 0.98 %
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TOP SECTORS
as of 2/3/12
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PROFILE
Ticker Symbol (Click for Intraday Price) CPD
Exchange TSX
CUSIP 18383X106
Inception Date 4/10/07
Income Distribution Canadian Dividend Income
Distribution Schedule (if any) Monthly
Management Fees 0.45 %
Management Expense Ratio (as of 6/30/11) 0.50 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name S&P/TSX Preferred Share Index
Index Provider Standard & Poor's
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 150
Duration 13.75
Weighted Average Coupon 5.11 %
Index Yield-to-Maturity 5.03 %
Index Cash Yield 5.00 %
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INDEX RATING BREAKDOWN
as of 12/31/11
Pfd-1 54.53 %
Pfd-2 23.76 %
Pfd-3 20.99 %
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FUND PREFERRED TYPE BREAKDOWN
as of 12/31/11
Fixed/Floaters 56.41 %
Straight/Perpetual 38.14 %
Retractables 5.45 %

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.

The weighted average credit quality of the bonds held in the portfolio.

The weighted average of coupons on the bonds held in the portfolio.

The total return by an investor who buys the portfolio today at the market price, assuming that the all the bonds will be held until maturity, and that all coupon and principal payments will be made on schedule. Yield to maturity is actually an estimation of future return, as the rates at which coupon payments are assumed to be the current market rates.

When a bond is callable, puttable, exchangeable, or has other features, the yield to worst is the lowest yield of yield to maturity, yield to call, yield to put, and others.

The weighted average maturity of the bonds held in the portfolio.

Duration is measure of sensitivity of bond prices to changes in interest rates assuming small parallel shifts in the interest rates. For example a portfolio with duration of 2 years, when interest rates go up 1% the portfolio value should fall 2%. As maturity increases, duration increases and the bond’s price becomes more sensitive to interest rate changes.

A measure of how the duration of a bond changes as the interest rates changes do not occur evenly along the interest rate curve or non-parallel shifts in the interest rate curve. (measure of the curvature or 2nd derivative of how the price of a bond varies with interest rate).

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DISTRIBUTION INFORMATION
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Last Distribution per Share $0.069000
Indicated Distribution Yield* 4.715 %
DRIP/PACC Price -
Date Paid 2/6/12
Next Targeted Distribution
Ex-Date 2/24/12
Record Date 2/28/12
Payable Date 3/6/12

(*) 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.

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.