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The Claymore US Fundamental Index ETF (non-hedged) has been designed to replicate the performance of the FTSE RAFI US 1000 Index, which comprises the largest 1,000 US-listed companies by fundamental value. The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:
The Claymore US Fundamental Index ETF (non-hedged) offers the advantages of an active management strategy with the highlights of a passive investment: lower turnover costs and transparent rules-based selection, while retaining high investment capacity. By using these factors rather than market cap to weight stocks, Fundamental Indexation takes advantage of price movements by reducing the index’s holdings in constituents whose prices have risen relative to other constituents, and increasing holdings in companies whose prices have fallen behind. In addition, Fundamental Indexation decreases exposure to high P/E stocks during episodes of unsustainable P/E expansion. Therefore, this approach avoids over-exposure to the more overvalued stocks.
as of 3/12/10
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.
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 FTSE RAFI US 1000 Index; Equity Risk; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the FTSE RAFI US 1000 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.