Claymore 1-5 Yr Laddered Corporate Bond ETF (CBO)
$20.39
Last Market Price: 2/3/12 4:14PM ET
($0.02) | -0.10 %
Change
Factsheet Factsheet Prospectus Prospectus

FUND SUMMARY

The Claymore 1-5 Yr Laddered Corporate Bond ETF (TSX:CBO), seeks to provide a return based on the price and performance, before fees and expenses, of the DEX 1-5 Yr Corporate 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 Corporate bond portfolio, designed with staggered ("laddered") maturity levels from one year to five years.

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FUND STATISTICS
as of 2/3/12
Price History
  MARKET PRICE NAV
Close $20.39 $20.35
Change ($0.02) ($0.02)
52-Week High $20.77 $20.76
52-Week Low $20.17 $20.15
Bid/Ask Midpoint $20.38
Bid/Ask Premium (Discount) 0.15 %
Volume 195,139
Shares Outstanding 51,430,000
Total Managed Assets $1,046,655,726
Total Managed Assets (Common and Advisor) $1,170,775,190
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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TORONTO DOMINION BANK VAR RT 02-APR-2020 MTN 4.72 %
BANK OF MONTREAL 5.180% 10-JUN-2015 DEP NT 4.62 %
GREATER TORONTO AIRPORT AUTH 5.000% 01-JUN-2015 MTN 4.18 %
RBC CAPITAL TRUST II 5.812% 31-DEC-2053 SER 2013 4.15 %
WELLS FARGO FINANCIAL CDA CORP 4.380% 30-JUN-2015 4.14 %
BANK OF NOVA SCOTIA 4.560% 30-OCT-2013 SR DEP NT 4.12 %
NATIONAL BANK OF CANADA VAR RT 15-NOV-2018 MTN SER 6 4.03 %
BANK OF MONTREAL 4.650% 14-MAR-2013 3.97 %
TRANSCANADA PIPELINES LTD 5.650% 15-JAN-2014 3.94 %
ENBRIDGE PIPELINES INC 4.460% 17-DEC-2012 MTN 3.93 %
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TOP SECTORS
as of 2/3/12
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PROFILE
Ticker Symbol (Click for Intraday Price) CBO
Exchange TSX
CUSIP 18382N109
Inception Date 2/25/09
Income Distribution Interest Income
Distribution Schedule (if any) Monthly
Management Fees 0.25 %
Management Expense Ratio (as of 6/30/11) 0.28 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name DEX 1-5 Yr Corporate 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 2/2/12
Number of Securities 29
Index Yield-to-Maturity 2.182 %
Duration 2.776 yrs
Index Level - Total Return 131.214
Index Cash Yield 5.14 %

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 $0.076000
Indicated Distribution Yield* 4.482 %
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.

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 DEX 1-5 Year Laddered corporate Bond Index; Equity Risk; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the DEX 1-5 Year Laddered Corporate 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.

DEX 1-5 Year Laddered Corporate 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.