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FUND SUMMARY
The Claymore/MAC Global Solar Energy Index ETF (NYSE:TAN), the "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the MAC Global Solar Energy Index (the “Index”). The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts ("ADRs") and global depositary receipts ("GDRs") 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 a perfect correlation.
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before fees and expenses, the performance of the Index. The Index is designed to track companies within the following business segments of the solar energy industry: companies that produce solar power equipment and products for end-users, companies that produce fabrication products (such as the equipment used by solar cell and module producers to manufacture solar power equipment) or services (such as companies specializing in the solar cell manufacturing or the provision of consulting services to solar cell and module producers) for solar power equipment producers, companies that supply raw materials or components to solar power equipment producers or integrators; companies that derive a significant portion of their business (measured in the manner set forth below under “Index Methodology" section) from solar power system sales, distribution, installation, integration or financing; and companies that specialize in selling electricity derived from solar power. The Index is currently comprised of approximately 25 stocks selected based upon the relative importance of solar power within the company’s business model, as determined by MAC Indexing LLC ("MAC").
FEATURED LITERATURE
FUND STATISTICS
as of 7/2/09
| |
MARKET PRICE |
NAV |
| Close |
$9.47 |
$9.48 |
|
| Change |
($0.14) |
($0.17) |
|
| 52-Week High |
$26.28 |
$26.21 |
|
| 52-Week Low |
$4.68 |
$4.72 |
|
| Bid/Ask Midpoint |
$9.47 |
|
| Bid/Ask Premium (Discount) |
-0.11 % |
|
| Volume |
256,671 |
|
| Shares Outstanding |
20,240,000 |
|
| Total Managed Assets |
$191,818,416 |
Price History
Figures are based on market close.
FUND CHARACTERISTICS
as of 3/31/09
| Number of Securities |
26 |
| Average Market Capitalization |
$1.6 Bil |
| Average Price/Earnings1 |
17.1 x |
| Average Price/Book2 |
2.2 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 |
| Germany |
32.97 % |
| |
| China |
31.17 % |
| |
| United States |
22.73 % |
| |
| Switzerland |
7.93 % |
| |
| Norway |
3.33 % |
| |
| Spain |
1.87 % |
This data is subject to change on a daily basis.
TOP INDEX SECTOR WEIGHTINGS
as of 3/31/09
| SECTOR |
WEIGHTING |
| Industrials |
80.90 % |
| |
| Information Technology |
19.10 % |
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 |
TAN
|
| Exchange |
NYSE Arca |
| NAV Symbol (IIV) |
TANIV |
| CUSIP |
18383M621 |
| Fund Inception Date |
4/15/08 |
| Income Distribution |
- |
| Distribution Schedule (if any) |
Annually |
| Expense Cap1 |
0.65 % |
| Fiscal Year-End |
8/31 |
| Investment Adviser |
Claymore Advisors, LLC |
| MAC Global Solar Energy Index |
SUNIDX |
| Index Provider |
MAC Indexing LLC
|
| Index Constituent List |
MAC Global Solar Energy Index
|
1 There is a contractual fee waiver currently in place for this Fund through December 31, 2011 to the extent necessary to keep Fund operating expenses from exceeding 0.65% of average net assets per year. However, some expenses fall outside of this expense cap and therefore net operating expenses were 0.79%. Without this expense cap, actual returns would be lower.
TOP FUND HOLDINGS
as of 7/2/09
| FIRST SOLAR INC |
10.34 % |
|
|
| SUNTECH POWER HOLDINGS ADR |
7.09 % |
|
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| MEMC ELECTRONIC MATERIALS INC |
6.27 % |
|
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| SOLARWORLD AG |
6.08 % |
|
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| RENEWABLE ENERGY CORP AS |
5.12 % |
|
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| SUNPOWER CORP-A |
5.12 % |
|
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| Q-CELLS AG |
4.60 % |
|
|
| YINGLI GREEN ENERGY - ADR |
4.56 % |
|
|
| TRINA SOLAR LTD-SPON ADR |
4.11 % |
|
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| SMA SOLAR TECHNOLOGY |
3.77 % |
All Holdings
This data is subject to change on a daily basis.
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