SERIES5
international select dividend strategy series 5
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DAILY DATA
as of
3/19/10
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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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$10.450500
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Liquidation Price3
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$10.353800
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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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10/1/2009
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Mandatory Termination Date
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1/3/2011
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NASDAQ Ticker Symbol
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CMVPEX
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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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$9.755000
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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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Feb 2010
Mar 2010
Apr 2010
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| CUSIP - Monthly-Cash |
18387F804 |
| CUSIP - Monthly-Reinvest |
18387F812 |
| CUSIP - Monthly-Fee/Cash |
18387F820 |
| CUSIP - Monthly-Fee/Reinvest |
18387F838 |
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 International Select Dividend Strategy, Series 5 ("Trust") seeks to provide total return primarily through capital appreciation and dividend income.
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PRINCIPAL INVESTMENT STRATEGY
The Trust seeks to provide total return primarily through capital appreciation and dividend income by investing in a diversified portfolio of international equity securities listed on major U.S. exchanges. The Trust’s strategy is to capture international growth potential, while applying dividend income to counterbalance global economic volatility and to insulate the Trust from further potential domestic slowdown.
The Sponsor, with the assistance of Guggenheim Partners Asset Management, Inc. (“GPAM”), an affiliate of Guggenheim Partners, LLC (“Guggenheim “), has selected the securities to be included in the Trust’s portfolio. The Sponsor and GPAM believe that companies that distribute significant dividends on a consistent basis demonstrate strong financial strength and positive performance relative to their peers.
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SELECTION CRITERIA
The Trust’s portfolio is constructed and the securities selected approximately five to seven business days prior to the initial date of deposit (the “Inception Date”) using the Security Selection Rules and the Portfolio Diversification & Concentration Rules outlined below.
Security Selection Rules:
In constructing the Trust’s portfolio, 30 securities will be selected based on the following fundamentally based quantitative criteria:
- Start with an initial universe of securities that includes all non-U.S. domiciled companies with equity securities listed on a major U.S. exchange, including the New York Stock Exchange (“NYSE”) and the NASDAQ® Stock Market (“NASDAQ”).
- Reduce the initial universe of securities to a sub-universe that includes all securities that meet the following requirements:
- Market capitalization greater than $5 billion.
- Free float over 20% of common shares outstanding. Free float is defined as an estimate of the proportion of shares without sales restrictions that are not held by Large Owners (defined as those owners required to make a filing with the Securities and Exchange Commission under Section 13(d) of the Securities Exchange Act of 1934 due to owning more than 5% of any class of a company’s shares).
- Minimum one year price history for each non-U.S. domiciled company’s equity security traded on a major U.S. exchange, including the NYSE and NASDAQ, as of the date of selection.
- Minimum three-year price history for each non-U.S. domiciled company’s equity security traded on the company’s local, foreign exchange, as of the date of selection.
- Duplication screen so that in the event a parent company has multiple classes of securities that meet the above criteria, the class that has the greatest market capitalization is considered for final selection.
- Dividend Yield Rule: select from the sub-universe above the 30 securities, as of the date of selection, with the highest average 12-quarter dividend yield, which, during such time, have had consistent annual dividend yields greater than the median dividend yield of the securities in the sub-universe for any given year.
Portfolio Diversification & Concentration Rules:
The Trust’s portfolio will consist of 30 securities using the Security Selection Rules outlined above that also satisfy the Portfolio Diversification & Concentration Rules below:
- Sector Diversification: The Trust’s portfolio must consist of securities from a minimum of six of the Global Industry Classification Standards (“GICS”) sectors, with no more than 25% of the Trust’s portfolio in any single GICS sector as of the date of selection.
- Geographical Diversification: The Trust’s portfolio must consist of securities from companies headquartered in at least 10 different countries with no more than approximately 20% of the Trust’s portfolio from any single country as of the date of selection.
In the event that any diversification or concentration limit is breached in the construction of the Trust’s portfolio, the lowest dividend-yielding security that breached the limit is removed and the Dividend Yield Rule is reapplied until a portfolio of 30 securities is generated that satisfies both the Security Selection Rules and the Portfolio Diversification & Concentration Rules.
Guggenheim Partners Asset Management, Inc.
Guggenheim Partners Asset Management, Inc., is a wholly-owned subsidiary of Guggenheim Partners, LLC, which offers financial services expertise within its asset management, investment advisory, capital markets, institutional finance and merchant banking business lines. Clients consist of an elite mix of individuals, family offices, endowments, foundations, insurance companies, pension plans and other institutions that together have entrusted the firm with supervision of more than $100 billion in assets. A global diversified financial services firm, Guggenheim Partners, LLC office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong, Singapore, Mumbai and Dubai.
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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. No assurance can be given that the Trust’s investment objective will be achieved. 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.
- Due to the current state of the economy, the value of the securities held by the Trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. In the last year, economic activity has declined across all sectors of the economy, and the United States is experiencing increased unemployment. The current economic crisis has affected the global economy with European and Asian markets also suffering historic losses. Extraordinary steps have been taken by the governments of several leading economic countries to combat the economic crisis; however, the impact of these measures is not yet known and cannot be predicted.
- 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 Trust invests in U.S.-listed foreign securities and American Depositary Receipts (“ADRs”). The Trust’s investment in U.S.-listed foreign securities and 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 includes securities issued by companies headquartered or incorporated in countries considered to be emerging markets. Emerging markets are generally defined as countries with low per capita income in the initial stages of their industrialization cycles. Risks of investing in developing or emerging countries include the possibility of investment and trading limitations, liquidity concerns, delays and disruptions in settlement transactions, political uncertainties and dependence on international trade and development assistance. Companies headquartered in emerging market countries may be exposed to greater volatility and market risk.
- 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.
- 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, 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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