FUND SUMMARY
The Claymore Natural Gas Commodity ETF has been designed to track the performance of the benchmark NGX Canadian Natural Gas Index, less fees and expenses. The ETF will provide non-leveraged exposure to the Alberta natural gas market, by investing in physical natural gas forward contracts. The ETF will not use leverage and targets a 1:1 relationship between assets and natural gas exposure. In addition, the ETF will provide this exposure without being directly involved in the exploration, operation, reserves, engineering and management risks associated with an investment in entities that explore for, produce and sell natural gas.
Benefit of using the Claymore Natural Gas ETF
- The ETF is an easy way to gain natural gas commodity exposure.
- ETF can be used as a hedge against rising energy costs.
- Backed by physical natural gas. The ETF intends to be backed dollar-for-dollar by physical natural gas contracts.
- Access to a market with high barriers to entry.
- Non Leveraged Exposure.
- Experienced investment Advisor.
- Low Management Fee
Fund Statistics
as of 3/11/10
| |
MARKET PRICE |
NAV |
| Close |
$4.18 |
$4.15 |
| Change |
($0.11) |
($0.14) |
| 52-Week High |
$10.25 |
$10.04 |
| 52-Week Low |
$3.92 |
$3.80 |
| Bid/Ask Midpoint |
$4.19 |
| Bid/Ask Premium (Discount) |
0.81 % |
| Volume |
284,107 |
| Shares Outstanding |
47,750,000 |
| Total Managed Assets |
$198,231,962 |
| Total Managed Assets (Common and Advisor) |
$198,231,962 |
Price History
Figures are based on market close.
INDEX CHARACTERISTICS
as of 12/31/09
| NGX Canadian Natural Gas Index | |
| Short Name | M-Feb-10 |
| Instrument | AECO Fixed Feb10 CDN/GJ |
| Instrument | Weighting |
| Aeco Natural Gas Contract 28Feb10 | 100.00 % |
| Index Provider | ngx.com |
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. 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 NGX Canadian Natural Gas Index; equity risk; Index investment strategy risk; rebalancing and adjustment risk; tracking error; calculation and termination of the NGX Canadian Natural Gas Index; risk that the constituent securities may cease trading; fl uctuations in NAV; illiquid securities risk; use of derivative transactions; counterparty risks associated with securities lending; trading price of units; potential confl icts 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.
Each investor should carefully consider whether its financial condition permits it to participate in the Claymore Natural Gas Commodity ETF. The Units of the Claymore Natural Gas Commodity ETF are speculative and involve a high degree of risk. An investor may lose a substantial portion or even all of the money it places in the Claymore Natural Gas Commodity ETF. The risk of loss in trading in derivatives can be substantial. In considering whether to buy Units of the Claymore Natural Gas Commodity ETF, the investor should be aware that trading derivatives can quickly lead to large losses as well as large gains. Such trading losses can sharply reduce the net asset value of the Claymore Natural Gas Commodity ETF and consequently the value of an investor’s Units in the Claymore Natural Gas Commodity ETF. Also, market conditions may make it difficult or impossible for the Claymore Natural Gas Commodity ETF to liquidate a position.
The Product is not sponsored, endorsed, sold or promoted by Natural Gas Exchange Inc., its affiliates (including TSX Group Inc. and TSX Inc.) or third party data suppliers (collectively, “NGX”). NGX makes no representation, condition or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the Index to track general bond market performance. NGX’s relationship to Claymore Investments Inc. (“Claymore”) is the licensing of certain trademarks and the licensing of the Index, which are determined, composed and calculated by NGX without regard to Claymore or the Product. NGX has no obligation to take the needs of Claymore or the owners of the Product into consideration in determining, composing or calculating the Index. NGX is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Product to be issued or in the determination or calculation of the equation by which the Product is to be converted into cash. NGX has no obligation or liability in connection with the administration, marketing or trading of the Product.