Exchange-Traded Funds
Closed-End Funds
Commodity Funds
Institutional Funds
The Claymore BRIC ETF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the BNY Mellon BRIC Select ADR Index which tracks the performance of companies from Brazil, Russia India and China which trade as American depositary receipts (“ADRs”) and/or Global depository receipts (“GDRs”) on a U.S stock exchange.
The index utilizes ADRs for the exposure to each of the four BRIC countries because the stock markets in each of these countries is relatively underdeveloped and do not provide sufficient liquidity and/or listing standards. By utilizing the ADRs, the Manager believes the index will be more efficient and will be focused on the higher quality, blue chip companies from these four countries. Given that the ADRs underlying the index are U.S.-dollar denominated, the Claymore BRIC ETF will hedge its exposure to U.S. dollars to reduce currency risk.
Companies are selected using a proprietary methodology developed by the Bank of New York Mellon (“BNY”) and that several criteria including trading on a U.S. exchange and minimum liquidity, share price and market capitalization levels.
as of 3/11/10
Figures are based on market close.
as of 12/31/09
1 Price/Earnings is a valuation ratio of a company's current share price compared to its per-share earnings. 2 A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.
This data is subject to change on a daily basis.
The data is subject to change on a daily basis.
Distribution per unit is subject to change on the ex-distribution date. Distributions, if any, will be paid on a quarterly basis.
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 Replicating the BNY BRIC Select ADR Index; Equity Risk; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the BNY BRIC Select 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.
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.