SERIES6
bny brazil, russia, india and china (bric) portfolio series 6
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DAILY DATA
as of
3/10/10
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Portfolio Status
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Secondary
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Offer Price1
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--
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Bid Price2
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$19.699700
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Liquidation Price3
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$19.699700
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1 The "offer" price represents the net asset value of one unit
of a trust plus a transactional sales charge.
2 The "bid" price represents the net asset value of one unit
of a trust excluding deferred sales charge.
3 The "liquidation" price represents the net asset value of
one unit of a trust and includes any front-end and deferred sales charges accounted
for if investors liquidate units.
4 The Historical Annual Dividend Distribution is as of date of deposit. The amount of distributions of the Trust may be lower or greater than the above-stated
amount due to certain factors that may include, but are not limited to, a change
in the dividends paid by issuers, a change in Trust expenses or the sale or maturity
of securities in the portfolio. Fees and expenses of the Trust may vary as a result
of a variety of factors including the Trust's size, redemption activity, brokerage and
other transaction costs and extraordinary expenses.
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DEPOSIT INFORMATION
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Inception Date
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1/21/2009
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Mandatory Termination Date
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1/19/2011
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NASDAQ Ticker Symbol
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CBRIFX
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Inception Unit Price
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$10.000000
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Inception Bid Price
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$9.900000
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Inception Liquidation Price
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$9.655000
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Historical Annual Dividend Distribution4
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--
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Deferred Sales Charge Dates
5
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Oct 2009
Nov 2009
Dec 2009
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| CUSIP - Monthly-Cash |
18387A342 |
| CUSIP - Monthly-Reinvest |
18387A359 |
| CUSIP - Monthly-Fee/Cash |
18387A367 |
| CUSIP - Monthly-Fee/Reinvest |
18387A375 |
5 Early redemption of units will still cause payment of deferred sales charge.
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Past performance is no guarantee of future results. Investment returns and principal value will fluctuate with changes in market conditions. Investors' units, when redeemed, may be worth more or less than their original cost.
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INVESTMENT OBJECTIVE
The The Bank of New York (“BNY”) Brazil, Russia, India, and China (“BRIC”) Portfolio ("Trust") seeks capital appreciation through investing in the securities included in The Bank of New York Mellon BRIC Select ADR IndexSM (the “BNY BRIC Index” or the “Index”).
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PRINCIPAL INVESTMENT STRATEGY
The Trust seeks to invest, as of the Trust’s deposit date, in each of the securities included in the BNY BRIC Index. However, the Trust will only contain securities that are currently trading as of the initial date of deposit (the “Inception Date”). The Index is comprised of American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) selected, based on liquidity, from a universe of all listed depositary receipts of companies from Brazil, Russia, India and China currently trading on U.S. exchanges. The companies in the universe are selected through a proprietary methodology developed by The Bank of New York Mellon (“BNY”). The ADRs and GDRs in the Trust are denominated in U.S. dollars and designed for use in the U.S. securities markets. The Index is a subset of The Bank of New York Mellon ADR IndexSM (“BNY ADR Index”), which is an index that tracks all depositary receipts, New York shares and global registered shares that trade on the New York Stock Exchange (“NYSE”), the American Stock Exchange (“AMEX”) and the Nasdaq Stock Market (“NASDAQ”). The Trust’s portfolio will NOT be adjusted to reflect changes to the BNY BRIC Index and accordingly, the performance of the Trust will NOT correspond to the performance of the BNY BRIC Index.
See “Investment Policies” in Part B of the prospectus for more information.
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SELECTION CRITERIA
The Sponsor will seek to create an initial portfolio that substantially replicates the BNY BRIC Index. As of the Inception Date, the Trust will generally include all of the securities comprising the Index in proportion to their weightings in the Index. The Sponsor may adjust weightings of the Index constituents to respond to diversification constraints, other regulatory requirements or the Sponsor’s analysis of liquidity in certain securities. Following the Inception Date, the Trust’s portfolio will NOT be adjusted to reflect any changes to the Index.
The BNY BRIC Index
The BNY BRIC Index tracks the performance of U.S. exchange-listed ADRs and GDRs that are listed for trading on the NYSE, AMEX and NASDAQ of companies from Brazil, Russia, India and China which meet certain criteria. The universe includes all liquid U.S. exchange-listed ADRs and GDRs.
Index Construction
Eligible securities include all ADRs and GDRs of companies from Brazil, Russia, India and China, which are included in the BNY ADR Index and which meet the following criteria:
- Share price greater than or equal to $3.00.
- Minimum three-month average daily trading volume greater than or equal to 25,000 shares, or 125,000 ordinary shares in the local market.
- Free-float adjusted market capitalization greater than or equal to $250 million.
- Passive foreign investment companies are excluded based upon the best information available.
Decisions regarding additions to and removals from the Index are made by the BNY ADR Index Administrator and are subject to periodic review by a policy steering committee known as The Bank of New York Mellon ADR Index Committee.
The Index is weighted based on a modified capitalization method, using an Index formula based upon the aggregate of prices times share quantities. The number of shares used in the Index calculation generally represents the entire class(es) or series of shares, adjusted for free-float, that trade in the local market and also trade in the form of depositary receipts in the U.S.
Adjustments to the Index are made to ensure that no single company and stock exceeds 23% of the Index and that, with respect to 55% of the Index, no single stock will represent more than 4.5% of the Index.
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RISKS AND OTHER CONSIDERATIONS
This Trust is not being offered for sale. This data is for informational purposes only.
As with all investments, you may lose some or all of your investment in the Trust. The Trust also might not perform as well as you expect. This can happen for reasons such as these:
- Securities prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the Trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Units of the Trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
- Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that the issuers of the securities will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
- The performance of the Trust will NOT correspond with the performance of the Index. This is due primarily because the Trust’s portfolio will not be modified to reflect changes in the Index and the Trust is subject to sales charges and expenses.
- The Trust includes securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more risk than large-capitalization or more seasoned securities. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
- The Trust invests in ADRs. The Trust’s investment in ADRs presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, foreign risk is the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards.
- The Trust may invest in companies that are considered to be passive foreign investment companies (“PFICs”). In general, PFICs are certain non-U.S. corporations that receive at least 75% of their annual gross income from passive sources (such as interest, dividends, certain rents and royalties or capital gains) or that hold at least 50% of their assets in investments producing such passive income. As a result of an investment in PFICs, the Trust could be subject to U.S. federal income tax and additional interest charges on gains and certain distributions with respect to those equity interests, even if all the income or gain is distributed to its unitholders in a timely manner. The Trust will not be able to pass through to its unitholders any credit or deduction for such taxes.
- The Trust invests in the emerging markets of Brazil, Russia, India and China. Investing in emerging markets entails the risk that news and events unique to a country or region will affect those markets and their issuers. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets. These markets are generally more volatile than countries with more mature economies. See “Investment Risks” in Part A of the prospectus for more specific information about the risks of investing in the securities of companies located in Brazil, Russia, India and China.
- The Trust may invest in preferred securities. Preferred securities are typically subordinate to bonds and other debt instruments in a company’s capital structure in terms of priority to corporate income and therefore will be subject to greater credit risk then those debt instruments.
- The Trust includes securities issued by companies in the energy sector. Companies in the energy sector are subject to volatile fluctuations in price and supply of energy fuels, and can be impacted by international politics and conflicts, including the war in Iraq and hostilities in the Middle East, terrorist attacks, the success of exploration projects, reduced demand as a result of increases in energy efficiency and energy conservation, natural disasters, clean-up and litigation costs associated with environmental damage and extensive regulation.
- Inflation may lead to a decrease in the value of assets or income from investments.
- The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may continue to buy, the same securities even though a security’s outlook, rating, market value or yield may have changed.
Please see the Trust prospectus for more complete risk information.
UITs are fixed and not actively managed. Investors can lose some or all of their investment in this Trust. An investment in this fixed portfolio should be made with an understanding of the risks involved with owning various types of investments. Industry predictions may not materialize and securities selected for the Trust may not participate in overall industry growth, if any. There is no guarantee that this portfolio will achieve its investment objective. The economic condition of the issuers of the securities in this portfolio as well as the stock market, in general, may worsen and therefore reduce the value of the units of the portfolio.
This UIT is part of a long-term strategy, and investors should consider their ability to invest in successive portfolios at the applicable sales charge, if available. There are tax consequences associated with an investment from one series to the next. Investors should consult their tax advisor to determine tax consequences associated with an investment from one portfolio to the next. Units of certain portfolios may be well suited for purchase by Individual Retirement Accounts or other qualified retirement plans. Consult your attorney or tax advisor regarding tax consequences associated with the purchase of units. Claymore Securities, Inc. does not offer tax advice.
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Investors should carefully consider the investment objectives and policies, risk considerations, charges
and ongoing expenses of any investment product before investing. The prospectus contains this and other
relevant information. Please read the prospectus carefully before you invest. To obtain a prospectus,
please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle,
Illinois 60532, 800-345-7999, or download one by accessing the Literature section
of this website.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
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