CRQ Resources

CRQ

FUND SUMMARY

The Claymore Canadian Fundamental Index ETF has been designed to replicate the performance of the FTSE RAFI Canada Index, which comprises those Canadian companies with the highest fundamental weightings. The index weights constituents using four accounting factors, rather than market capitalization. These four factors include:

  • Total cash dividends (five-year average of all regular and special distributions)
  • Free cash flow (five-year average cash flow)
  • Total sales (five-year average total sales)
  • Book equity value (current period book equity value)

The Claymore Canadian Fundamental Index ETF 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, the Fundamental Index 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, fundamentals-weighting 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.

Fund Statistics

as of 2/8/10

  MARKET PRICE NAV
Close $10.63 $10.61
Change $0.10 ($0.06)
52-Week High $11.34 $11.33
52-Week Low $6.49 $6.47
Bid/Ask Midpoint $10.62
Bid/Ask Premium (Discount) 0.06 %
Volume 41,079
Shares Outstanding 10,303,000
Total Managed Assets $109,303,338
Total Managed Assets (Common and Advisor) $140,607,749
Price History

Figures are based on market close.

INDEX CHARACTERISTICS

as of 12/31/09

Number of Securities 65
FTSE RAFI Canada Index FRCAN
Average Market Capitalization $ 31.33 Bil 
Average Price/Earnings1 20.0 x
Average Price/Book2 1.88 x
Current Dividend Yield  $ 2.63 %
Index Provider ftse.com

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.

Profile

Symbol (Click for Intraday Price) CRQ
Exchange TSX
CUSIP 183830207
Fund Inception Date 2/22/06
Income Distribution Primarily Canadian Dividend Income
Distribution Schedule (if any) Quarterly
Management Fees 0.65 %
Fiscal Year-End 12/31
Investment Adviser Claymore Investments, Inc.
Index Name FTSE RAFI Canada Index
Index Provider FTSE RAFI
RRSP, RRIF, RESP, DPSP, TFSA 100% Eligible
DRIP Yes
PACC Yes
SWP Yes

Top Fund Holdings

as of 2/8/10

TECK COMINCO LTD CL B 8.42 %
ROYAL BANK OF CANADA 8.10 %
TORONTO-DOMINION BANK 6.16 %
MANULIFE FINANCIAL CORP 5.26 %
BANK OF NOVA SCOTIA CAD 5.25 %
SUNCOR ENERGY INC 5.12 %
BANK OF MONTREAL (I/L) 5.00 %
CANADIAN IMPERIAL BANK OF COMMERCE (I/L) 3.05 %
SUN LIFE FINANCIAL 2.99 %
CANADIAN NATURAL RESOURCES LTD 2.78 %
All Holdings

This data is subject to change on a daily basis.

Top Sectors

as of 2/8/10

SECTOR WEIGHTING
Financials 47.10 %
Energy 17.83 %
Materials 12.64 %
Consumer Discretionary 7.46 %
Industrials 4.62 %
Consumer Staples 3.76 %
Information Technology 2.73 %
Telecommunication Services 2.36 %
Utilities 1.19 %
Health Care 0.32 %
All Sectors

The data is subject to change on a daily basis.

CURRENT DISTRIBUTION

Ex-Date 12/24/09
Record Date 12/30/09
Payable Date 1/7/10
Distribution per Share $0.055000
Distribution History

Distribution per unit is subject to change on the ex-distribution date. Distributions, if any, will be paid on a quarterly basis.

RISKS AND OTHER CONSIDERATIONS

Morningstar Rating
The Morningstar Risk-Adjusted Rating, commonly referred to as the Star Rating, relates the risk-adjusted performance of a fund to its peers in the category. Morningstar calculates ratings only for categories with at least 20 funds. To determine a fund's rating, the fund and its peers are ranked by their MRARs. If a fund scores in the top 10% of its fund category, it receives five stars (High); if it falls in the next 22.5%, it receives four stars (Above Average); a place in the middle 35% earns a fund three stars (Neutral or Average); those in the next 22.5% receive two stars (Below Average); and the lowest 10% get one star (Low). Morningstar also accounts for instances where a fund is sold in multiple versions, whether multi-class, both trust and segregated, etc. In order to prevent one fund from unfairly taking up many places in a portion of the ratings scale, Morningstar treats multiple versions of a fund as "fractional funds". The multiple versions of a fund are all rated, but they collectively count as one and so leave more room for other deserving funds.

The overall Star Rating for a fund is a weighted combination of its three, five, and ten year ratings. If a fund has less than three years' performance history, it is not rated. If it has at least three but less than five years' history, its overall rating is equal to its three-year rating. If it has at least five but less than ten years' history, its overall rating is equal to 60% five-year rating and 40% three-year rating. If it has at least ten years' history, its overall rating is equal to 50% ten-year rating, 30% five-year rating and 20% three-year rating.

Morningstar Risk-Adjusted Ratings are recalculated monthly.

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 Canadian Index; Equity Risk; Index Investment Strategy Risk; Tracking Error; Rebalancing and Adjustment Risk; Calculation and Termination of the FTSE RAFI Canada 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.