Claymore ETFs Celebrate First Anniversary
Firm Continues to Provide Investors with Access to Innovation
LISLE, Ill.--(BUSINESS WIRE)--Claymore Securities, Inc. today announced one-year performance information for its first five exchange-traded funds (“ETFs”) which launched on the American Stock Exchange on September 21, 2006. These Claymore ETFs included five “firsts” in the ETF marketplace: the first BRIC ETF (AMEX: EEB), the first sector rotation ETF (AMEX: XRO), the first insider behavior ETF (AMEX: NFO), the first distribution-optimized ETF (AMEX: CVY), and the first neglected stock ETF (AMEX: STH). In the year since the introduction of its first ETFs, Claymore’s offerings have grown to 33 ETFs. Please see the table below for standardized performance of the ETFs.
“We feel that this performance highlights the success of the quantitative, strategy-driven indices that Claymore ETFs track.”
Three of these five Claymore ETFs outperformed their benchmark in their first full year of performance, and all Funds have posted positive performance. All performance figures highlighted below reflect net asset value (“NAV”) performance for the one-year period ended 9/30/07.
- All five of Claymore’s ETFs that launched on September 21, 2006 posted positive returns.
- Three of the five ETFs outperformed their respective benchmarks.
- The strongest performance on both an absolute and relative basis came from the Claymore/BNY BRIC ETF (AMEX: EEB). EEB returned 93.84% and outperformed the 57.96% return by its benchmark, the MSCI Emerging Markets Index, by 35.88 percentage points. In contrast, the Claymore/Sabrient Stealth ETF (AMEX: STH) returned 7.02%, and underperformed the 16.44% broad benchmark return of the S&P 500 Index and the 12.36% return of the more narrow Russell 2000® Index
- Strong absolute and relative performance was also achieved by Claymore/Zacks Sector Rotation ETF (AMEX: XRO), which returned 23.19% and outperformed the 16.44% S&P 500 benchmark return by 6.75 percentage points. Conversely, the Claymore/Zacks Yield Hog ETF (AMEX: CVY) returned 8.69%, trailing the 16.44% broad benchmark return of the S&P 500 and the 8.82% return of the more narrow Dow Jones Dividend Select Index.
- Claymore/Sabrient Insider ETF (AMEX: NFO) returned 21.59% and outperformed the 16.44% benchmark return of the S&P 500 by 5.15 percentage points.
“We are very pleased with the positive performance of our initial Claymore ETFs in their first full year of operations,” said Christian Magoon, Senior Managing Director and head of the ETF group for Claymore Securities, Inc. “We feel that this performance highlights the success of the quantitative, strategy-driven indices that Claymore ETFs track.” Magoon added, “Claymore has experienced significant growth in its first year in the ETF market, now with 33 ETFs and more than $1.6 billion in ETF assets as of October 12, 2007. In the past year, we have introduced a number of other ‘firsts’ in the ETF marketplace and seek to continue to do so, in an effort to help provide investors with the access to innovation that we believe distinguishes Claymore from other ETF providers.”
Claymore/BNY BRIC ETF (AMEX: EEB) Total Returns as of 9/30/07
| 1-Year | Since Inception (9/21/06) | |||
| Market Price | 93.35 % | 94.38 % | ||
| After Tax on Shares Held | 93.30 % | 94.33 % | ||
| After Tax on Shares Sold | 60.69 % | 80.28 % | ||
| NAV | 93.84 % | 94.03 % | ||
| After Tax on Shares Held | 93.79 % | 93.98 % | ||
| After Tax on Shares Sold | 61.01 % | 79.98 % | ||
| MSCI Emerging Market Index |
57.96 % |
57.36% |
Claymore/Zacks Sector Rotation ETF (AMEX: XRO) Total Returns as of 9/30/07
| 1-Year | Since Inception (9/21/06) | |||
| Market Price | 22.64 % | 23.42 % | ||
| After Tax on Shares Held | 22.62 % | 23.40 % | ||
| After Tax on Shares Sold | 14.75 % | 19.91 % | ||
| NAV | 23.19 % | 23.58 % | ||
| After Tax on Shares Held | 23.17 % | 23.56 % | ||
| After Tax on Shares Sold | 15.10 % | 20.05 % | ||
| Standard & Poor’s 500 Index | 16.44 % | 17.67 % |
Claymore/Sabrient Insider ETF (AMEX: NFO) Total Returns as of 9/30/07
| 1-Year | Since Inception (9/21/06) | |||
| Market Price | 21.44 % | 20.96 % | ||
| After Tax on Shares Held | 21.41 % | 20.93 % | ||
| After Tax on Shares Sold | 13.96 % | 17.82 % | ||
| NAV | 21.59 % | 20.92 % | ||
| After Tax on Shares Held | 21.56 % | 20.90 % | ||
| After Tax on Shares Sold | 14.06 % | 17.78 % | ||
| Standard & Poor’s 500 Index | 16.44 % | 17.67 % |
Claymore/Sabrient Stealth ETF (AMEX: STH) Total Returns as of 9/30/07
| 1-Year | Since Inception (9/21/06) | |||
| Market Price | 6.55 % | 5.11 % | ||
| After Tax on Shares Held | 6.51 % | 5.07 % | ||
| After Tax on Shares Sold | 4.32 % | 4.34 % | ||
| NAV | 7.02 % | 5.23 % | ||
| After Tax on Shares Held | 6.98 % | 5.18 % | ||
| After Tax on Shares Sold | 4.62 % | 4.44 % | ||
| Standard & Poor’s 500 Index | 16.44 % | 17.67 % | ||
| Russell 2000® Index | 12.36 % | 11.95 % |
Claymore/Zacks Yield Hog ETF (AMEX: CVY) Total Returns as of 9/30/07
| 1-Year | Since Inception (9/21/06) | |||
| Market Price | 8.39 % | 8.81 % | ||
| After Tax on Shares Held | 7.44 % | 7.88 % | ||
| After Tax on Shares Sold | 6.36 % | 7.34 % | ||
| NAV | 8.69 % | 8.89 % | ||
| After Tax on Shares Held | 7.73 % | 7.96 % | ||
| After Tax on Shares Sold | 6.55 % | 7.41 % | ||
| Standard & Poor’s 500 Index | 16.44 % | 17.67 % | ||
| DJ U.S. Select Dividend Index | 8.82% | 9.36% |
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 redeemed, may be worth more or less than their original cost.
The Funds’ estimated total annual operation expense ratios, gross of any fee waivers or expense reimbursements, are 0.75% for EEB and 0.84% for CVY, NFO, STH and XRO. There is a contractual fee waiver in place for these Funds through December 31, 2009 such that expenses are limited to 0.60% of average net assets. However, certain expenses will fall outside of this expense cap and actual expenses may be higher than 0.60%. Without this expense cap, actual returns would be lower.
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 included a reinvestment of distributions.
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Claymore ETF Premium/NAV/Discount Information |
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| 7/1/07 through 9/30/07 | EEB | XRO | NFO | STH | CVY | |||||
| Days at Premium/NAV/Discount | 30/5/28 | 21/7/35 | 22/7/34 | 31/11/21 | 17/8/38 | |||||
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ETFs may trade at a market premium/discount to net asset value. The information shows the number of days the Fund traded at either a premium or discount to NAV. Detailed premium/discount information can be found on www.claymore.com/etf or by calling (888) 949-3837. Information provided to help you evaluate the relative desirability of the funds shares’ intraday marketability versus other investments. Past performance does not guarantee future results. |
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About Claymore Securities
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of September 30, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $17.5 billion in assets through closed-end funds, unit investment trusts, mutual funds, and exchange-traded funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the Claymore ETFs.
Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETFs carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc. at 888-949-3837 or visit www.claymore.com.
An investment in the Funds is subject to risk, including possible loss of principal. International investing involves special risks, such as currency fluctuation or political uncertainty. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Risks of the Funds include but are not limited to: Equity Risk, Non-Correlation Risk, Small- and Medium-Sized Company Risk, Replication Management Risk, Issuer-Specific Changes, Non-Diversified Fund Risk and Foreign Investment Risk. EEB is also subject to Emerging markets Risk and China Exposure Risk. CVY is also subject to Preferred Stock Risk, REIT Risk, Master Limited Partnership Risk, Below-Investment Grade Securities Risk and the risks that apply to investing in other investment companies. STH is also subject to Micro-cap Company Risk. XRO is also subject to Sector Concentration Risk and Portfolio Turnover Risk. These are general risks and considerations associated with investing in an ETF. Please refer to the individual ETF prospectus for a more detailed discussion of the Fund-specific risks and considerations.
No index provider guarantees the quality, accuracy and/or the completeness of the index or any data included therein. No index provider makes any warranty, express or implied, as to results to be obtained by licensee, owners of the product, or any other person or entity from the use of the index or any data included therein in connection with the rights licensed hereunder or for any other use. No index provider makes any express or implied warranties, and hereby expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall any index provider have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. The individual index providers determine, compose and calculate the index without regard for the respective products. The products are not sponsored, endorsed, sold or promoted by any index provider. The index providers have no obligation or liability regarding the administration, marketing or trading of the products, and make no representation or warranty to the owners of the product, or to any member of the public, regarding investing in securities generally or in the products particularly.
Index returns include the reinvestment of all distributions. It is not possible to invest directly in an index. The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure the performance of the broad economy, representing all major industries. The Russell 2000® Index is comprised of the smallest 2000 companies in the Russell 3000® Index in terms of market capitalization. The MSCI Emerging Markets Index is a free float-adjusted market capitalization index designed to measure equity market performance in global emerging markets. The Dow Jones U.S. Select Dividend Index is based almost entirely on dividend yield and dividend history. Stocks are required to have annual daily dollar trading value of more than $1.5 million. These criteria help to ensure that the index represents the most widely traded of the market’s highest-yielding stocks.
NOT FDIC - INSURED • NOT BANK - GUARANTEED • MAY LOSE VALUE
Claymore Securities, Inc. • 2455 Corporate West Drive • Lisle, Illinois 60532
1-888-949-3837 • www.claymore.com
Member FINRA/SIPC 10/07
