FUND SUMMARY
The Claymore 1-5 Yr Laddered Corporate Bond ETF 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.
DEX 1-5 yr Laddered Corporate Bond Index
A Corporate 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 bucket.
| # 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 3/12/10
| |
MARKET PRICE |
NAV |
| Close |
$20.80 |
$20.70 |
| Change |
($0.04) |
($0.03) |
| 52-Week High |
$21.03 |
$20.91 |
| 52-Week Low |
$20.20 |
$20.14 |
| Bid/Ask Midpoint |
$20.82 |
| Bid/Ask Premium (Discount) |
0.58 % |
| Volume |
75,332 |
| Shares Outstanding |
27,150,000 |
| Total Managed Assets |
$562,019,725 |
| Total Managed Assets (Common and Advisor) |
$629,240,638 |
Price History
Index Characteristics
as of 3/11/10
| Number of Securities |
25
|
| Index Yield-to-Maturity |
2.381 % |
| Duration |
2.655 yrs |
| Index Level - Total Return |
120.232 |
| Index Cash Yield |
5.14 %
|
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.