FUND SUMMARY
Claymore 1-5 Yr Laddered Government Bond ETF seeks to provide a return based on the price and performance, before fees and expenses, of the DEX 1-5 yr Government Bond 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 different sizes with the opportunity to gain exposure to a well diversified government bond portfolio, designed with staggered (“laddered”) maturity levels from one year to five year.
DEX 1-5 yr Laddered Government Bond Index
A Government only laddered bond index, selected from constituents of the DEX Universe Bond Index (formerly known as the Scotia Capital Bond Index). The Index is laddered into five (5) equally weighted buckets.
| # OF BONDS | BUCKET |
| 5 | 1 yr - 1.99 yrs |
| 5 | 2 yrs - 2.99 yrs |
| 5 | 3 yrs - 3.99 yrs |
| 5 | 4 yrs - 4.99 yrs |
| 5 | 5 yrs - 5.99 yrs |
The above diagram is for illustrative purposes only. Please see the Prospectus for further information.
Fund Statistics
as of 9/7/10
| |
MARKET PRICE |
NAV |
| Close |
$20.56 |
$20.51 |
| Change |
$0.04 |
$0.08 |
| 52-Week High |
$20.87 |
$20.76 |
| 52-Week Low |
$20.01 |
$20.05 |
| Bid/Ask Midpoint |
$20.56 |
| Bid/Ask Premium (Discount) |
0.21 % |
| Volume |
71,552 |
| Shares Outstanding |
24,853,000 |
| Total Managed Assets |
$509,769,678 |
| Total Managed Assets (Common and Advisor) |
$592,812,768 |
Price History
Index Characteristics
as of 9/03/10
| Number of Securities |
28
|
| Index Yield-to-Maturity |
1.972 % |
| Duration |
3.130 yrs |
| Index Level - Total Return |
121.199 |
| Index Cash Yield |
4.69 %
|
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 replication the DEX 1-5 yr Laddered Government Bond Index; equity risk; Index investment strategy risk; rebalancing and adjustment risk; tracking error; calculation and termination of the DEX 1-5 yr Laddered Government Bond Index; risk that the constituent securities may cease trading; fluctuations in NAV; illiquid securities risk; use of derivative transactions; counterparty risks associated with securities lending; trading price of units; potential conflicts of interest; changes in legislation, including tax legislation; taxation of the Fund; absence of an active public trading market for the Units; lack of an operating history; changes in dividend policies, foreign investment risk and interest rate risk.
* DEX 1-5 Year Laddered Government Bond Index is a trademark of TSX Inc. This mark has been sublicensed for use for certain purposes to Claymore Investments Inc. by PC-BOND, a business unit of TSX Inc. The Product is not sponsored, endorsed, sold or promoted by TSX Inc., PC-BOND, a business unit of TSX Inc., its affiliates (including TSX Group Inc.) or third party data suppliers. TSX Inc., PC-BOND, a business unit of TSX Inc., its affiliates and third party data suppliers make no representation, warranty, or condition regarding the advisability of investing in the Product.