Exchange-Traded Funds
Closed-End Funds
Commodity Funds
Institutional Funds
The Claymore S&P/TSX CDN Preferred Share ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P/TSX Preferred Share 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 any size with the opportunity to gain exposure to the Canadian preferred shares market, while providing a diversified portfolio and the potential for quarterly distributions. By accessing preferred shares through an ETF portfolio rather than buying individual securities, investors may benefit in other ways as well. The ETF may:
Overview of Preferred Shares and Their Benefits
Preferred shares are equity securities that typically offer attractive dividend yields. They can be considered a “hybrid” investment, carrying attributes similar to both bond and stock investments. Preferred shares, like common shares, represent a form of ownership in a corporation and may also be traded on a stock exchange. Preferred shares are primarily purchased by investors for income purposes and are therefore often compared with fixed-income investments. There are a variety of characteristics common to all preferred shares:
as of 3/11/10
Figures are based on market close.
as of 12/31/09
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 replication the S&P/TSX Preferred Share Index; equity risk; Index investment strategy risk; tracking error; rebalancing and adjustment risk; calculation and termination of the S&P/TSX Preferred Share Index; risk that the constituent securities may cease trading; fluctuations in NAV; illiquid securities risk; use of derivative transactions; counterparty risks associated with securities lending; trading price of units; potential conflicts of interest; changes in legislation, including tax legislation; taxation of the fund; absence of an active public trading market for the units; lack of an operating history; changes in dividend policies, foreign investment risk and interest rate risk.
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.