Claymore Advantaged Canadian Bond ETF (CAB)
$20.77
Last Market Price: 2/22/12 4:00PM ET
$0.01 | 0.05 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The Claymore Advantaged Canadian Bond ETF (TSX:CAB), seeks to provide a return based on the price and performance, before fees and expenses, of the DEX DLUX Capped Bond Index (“the Index”). The investment strategy of the fund is to obtain tax-efficient exposure to the constituent securities of the index through entering into a forward agreement with a Canadian Chartered Bank.

The ETF provides suitable investors of different sizes with the opportunity to gain exposure to a well diversified investment grade Canadian bond portfolio, capped at 60% allocation to government bonds and 40% allocation to corporate bonds.

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FUND STATISTICS
as of 2/21/12
Price History
  MARKET PRICE NAV
Close $20.76 $20.74
Change ($0.09) ($0.03)
52-Week High $21.59 $20.98
52-Week Low $19.83 $19.83
Bid/Ask Midpoint $20.77
Bid/Ask Premium (Discount) 0.14 %
Volume 26,808
Shares Outstanding 5,560,000
Total Managed Assets $115,299,696
Total Managed Assets (Common and Advisor) $125,655,938
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 2/21/12
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GOVERNMENT OF CANADA 8.000% 01-JUN-2023 SER A55 2.86 %
GOVERNMENT OF CANADA 4.250% 01-JUN-2018 SER YL25 2.24 %
GOVERNMENT OF CANADA 2.000% 01-DEC-2014 SER YU24 2.06 %
PROV OF QUEBEC 8.500% 01-APR-2026 1.71 %
CANADA HOUSING TRUST NO.1 3.800% 15-JUN-2021 1.62 %
GOVERNMENT OF CANADA 4.000% 01-JUN-2041 SER YQ12 1.58 %
GOVERNMENT OF CANADA 5.000% 01-JUN-2037 SER XW98 1.55 %
GOVERNMENT OF CANADA 3.000% 01-DEC-2015 SER ZF48 1.50 %
GOVERNMENT OF CANADA 3.500% 01-JUN-2013 SER YN80 1.42 %
GOVERNMENT OF CANADA 5.750% 01-JUN-2029 SER WL43 1.28 %
Initially, in order to obtain exposure to the performance of the Index, the Claymore Advantaged Canadian Bond ETF (the “ETF”) will invest the net proceeds of its continuous offerings in a portfolio of common shares of Canadian public companies listed on the TSX that qualify as “Canadian securities” for purpose of the Tax Act (the “Canadian Share Portfolio”). The ETF will enter into one or more forward purchase and sale agreements (collectively, the “Forward”) with a Canadian chartered bank or an affiliate thereof (the “Counterparty”) pursuant to which the ETF will agree to sell securities in the Canadian Share Portfolio to the Counterparty from time to time in exchange for a purchase price determined by reference to the Canadian dollar value (the “Forward Amount”) of the performance of Index. However, neither the ETF nor its Unitholders by virtue of their investment in Units will have any ownership interest in the Index or any other financial instrument, if any, the Counterparty chooses to hedge its exposure under the Forward.
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PROFILE
Ticker Symbol (Click for Intraday Price) CAB
Exchange TSX
CUSIP 18382B105
Inception Date 11/19/09
Income Distribution Return of Capital and Capital Gains
Distribution Schedule (if any) Monthly
Management Fees 0.30 %
Management Expense Ratio (as of 6/30/11) 0.33 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name DEX DLUX Capped Bond Index
Index Provider PC Bond Analytics
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 394
Duration 6.12
Weighted Average Coupon 4.22 %
Index Yield-to-Maturity 2.29 %
Index Cash Yield 3.70 %
Index Provider pcbond.com
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INDEX RATING BREAKDOWN
as of 12/31/11
AAA 43.65 %
AA 33.50 %
A 22.62 %
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INDEX MATURITY BREAKDOWN
as of 12/31/11
Short Term (0-5 years) 48.70 %
Mid Term (6-10 years) 28.63 %
Long Term (10+ years) 22.67 %
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TYPE OF BONDS
as of 12/31/11
Government 59.83 %
Corporate 40.17 %
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INDEX INDUSTRY SECTOR BREAKDOWN
as of 12/31/11
Federal 38.91 %
Financial 32.28 %
Provincial 20.26 %
Infrastructure 3.44 %
Securitization 1.64 %
Energy 1.43 %
Communication 0.93 %
Municipal 0.65 %

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 $0.056000
Indicated Distribution Yield* 3.240 %
DRIP/PACC Price -
Date Paid 3/6/12
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.

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. The Index performance results are hypothetical. 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 DLUX Capped Bond Index™ ; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the DLUX Capped Bond 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.

DLUX Capped 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 affi liates (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.

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.