*Returns for Funds with performance less than a year are cumulative and are not annualized.
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. The investment return and principal value of an investment will fluctuate with changes in market conditions and other factors so that an investor’s shares, when sold, may be worth more or less than their original cost.
Per the prospectus dated December 31, 2008, the Fund's total annual operating expense ratio, gross of any fee waivers or expense reimbursements, is 0.75%. The expense ratio is expressed as a unitary fee and covers all expenses of the Fund, except for the fee payments under the investment advisory agreement, distribution fees, if any, brokerage expenses, taxes, interest, litigation expenses and other extraordinary expenses.
Shares of the Fund have not previously been offered to the public. On September 3, 2008, the Fund acquired the assets and adopted the financial and performance history of the Claymore/Raymond James SB-1 Equity Fund (the “Predecessor Fund”). The performance information provided relates exclusively to the Predecessor Fund for the period prior to September 3, 2008, is based upon the Predecessor Fund and reflects the operating expenses of the Predecessor Fund. The investment goals, strategies and policies of the Fund are substantially similar to those of the Predecessor Fund.
After tax returns are calculated using the historical highest individual federal marginal income tax rates during the periods shown and do not reflect the impact of state and local taxes. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.
Since Inception returns assume a purchase of the ETF at the initial share price for share price returns or the initial net asset value (NAV) per share for NAV returns. Returns for periods of less than one year are not annualized. Returns included a reinvestment of distributions.
Glossary
Net Asset Value (NAV): NAV is the price per share at which each Fund issues and redeems shares. The net asset value per share for each Fund is determined once daily as of the close of the NYSE, usually 4:00 p.m. Eastern time, each day the NYSE is open for trading. NAV per share is determined by dividing the value of the Fund’s portfolio securities, cash and other assets (including accrued interest), less all liabilities (including accrued expenses), by the total number of shares outstanding.
Market Price (Bid/Ask Midpoint): The midpoint between the highest bid and the lowest offer on any exchange on which the Fund trades as of the time that the Fund's NAV is calculate.
Closing Price (Last Trade): The Closing Price is the price of the last reported trade on any exchange on which the Fund trades.
Premium/Discount Data
(Quarter Ended 9/30/09)
| Premium Discount Range |
Number of Days |
Percentage of Total Days |
| Between +0.5% and -0.5% |
63 |
98.44% |
| Between -0.5% and -1.0% |
1 |
1.56% |
ETFs may trade at a market premium/discount to net asset value. The Premium/Discount chart shows the difference between the daily bid/ask mid point for shares of the Fund and the Fund's net asset value. The bid/ask mid point is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 pm Eastern time). Past performance does not guarantee future results.