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FUND SUMMARY
The Claymore/Delta Global Shipping Index ETF (NYSE:SEA), the "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called Delta Global Shipping Index (the “Shipping Index” or the “Index”). The Fund will at all times invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and master limited partnerships (“MLPs”) that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. Claymore Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation.
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the Shipping Index. The Index is designed to measure the performance of companies listed on global developed market exchanges within the maritime shipping industry (as defined below). Delta Global Indices, LLC (“Delta Global” or the “Index Provider”) defines developed markets as countries with western-style legal systems, transparent financial rules for financial reporting and sophisticated, liquid and accessible stock exchanges with readily-exchangeable currencies.
FEATURED LITERATURE
FUND STATISTICS
as of 7/2/09
| |
MARKET PRICE |
NAV |
| Close |
$11.49 |
$11.61 |
|
| Change |
($0.51) |
($0.34) |
|
| 52-Week High |
$25.82 |
$25.77 |
|
| 52-Week Low |
$7.34 |
$7.44 |
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| Bid/Ask Midpoint |
$11.49 |
|
| Bid/Ask Premium (Discount) |
-1.08 % |
|
| Volume |
67,479 |
|
| Shares Outstanding |
7,920,000 |
|
| Total Managed Assets |
$91,947,135 |
Price History
Figures are based on market close.
FUND CHARACTERISTICS;
as of 3/31/09
| Number of Securities |
30 |
| Weighted Average Market Capitalization |
$1.6 Bil |
| Weighted Average Price/Earnings1 |
12.6 x |
| Weighted Average Price/Book2 |
0.7 x |
Data subject to change on a daily basis.
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.
TOP FUND COUNTRY WEIGHTINGS
as of 3/31/09
| COUNTRY |
WEIGHTING |
| United States |
15.30 % |
| |
| Bermuda |
13.47 % |
| |
| Japan |
12.94 % |
| |
| Greece |
12.64 % |
| |
| Belgium |
9.39 % |
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| Singapore |
8.78 % |
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| China |
8.20 % |
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| Denmark |
6.57 % |
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| Bahamas |
6.55 % |
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| Hong Kong |
6.15 % |
This data is subject to change on a daily basis.
TOP FUND SECTOR WEIGHTINGS
as of 3/31/09
| SECTOR |
WEIGHTING |
| Industrials |
61.36 % |
| |
| Energy |
38.64 % |
This data is subject to change on a daily basis and represents a percentage of the Fund's total equity holdings.
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PROFILE
| Symbol |
SEA
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| Exchange |
NYSE Arca |
| NAV Symbol (IIV) |
SEAIV |
| CUSIP |
18383Q820 |
| Fund Inception Date |
8/25/08 |
| Income Distribution |
- |
| Distribution Schedule (if any) |
Quarterly |
| Expense Cap1 |
0.65 % |
| Fiscal Year-End |
5/31 |
| Investment Adviser |
Claymore Advisors, LLC |
| Delta Global Shipping Index |
DGAGSI |
| Index Provider |
Delta Global Indices
|
| Index Constituent List |
Delta Global Shipping Index
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1 There is a contractual fee waiver currently in place for this Fund through December 31, 2011 to the extent necessary to keep the Fund's expense ratio from exceeding 0.65% of average net assets per year. Some expenses fall outside of this expense cap and actual expenses will be higher than 0.65%. The Fund’s expense ratio for its initial fiscal year is based on an assumed average asset level of $50 million. If assets are lower than $50 million, the expense ratio will be higher due to the inclusion of offering costs during the first 12 months of operations. If average assets of the Fund exceed $50 million during the Fund’s first 12 months, the expense ratio may be lower.
TOP FUND HOLDINGS
as of 7/2/09
| TEEKAY LNG PARTNERS |
4.54 % |
|
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| GENERAL MARITIME CORP. |
4.37 % |
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| EURONAV NV |
4.21 % |
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| COMPAGNIE MARITIME BELGE |
4.11 % |
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| TEEKAY SHIPPING CORP |
4.07 % |
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| SHIP FINANCE INTERNATIONAL LTD |
4.04 % |
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| TSAKOS ENERGY NAVIGATION |
3.96 % |
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|
| SEASPAN CORP |
3.88 % |
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| ALEXANDER & BALDWIN INC |
3.87 % |
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| D/S NORDEN |
3.72 % |
All Holdings
This data is subject to change on a daily basis.
CURRENT DISTRIBUTION
| Ex-Date |
6/24/09 |
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| Record Date |
6/26/09 |
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| Payable Date |
6/30/09 |
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| Distribution per Share |
$0.088000 |
Distribution History
To the extent the Current Distribution is comprised of something other than Income, such as Return of Capital, please refer to the applicable Rule 19a-1 Notice found in the Literature section. If the Current Distribution is comprised solely from Income, a Rule 19a-1 Notice will not be produced and posted.
Past performance is not a guarantee of future results.
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