Claymore/Robeco Boston Partners Large-Cap Value Etf (AMEX:CLV)
Historical Stock Chart
From Jun 2019 to Jun 2024
Claymore Securities, Inc. today launched the Claymore/Robeco Boston
Partners Large-Cap Value ETF (AMEX: CLV) on the American Stock Exchange.
The ETF tracks an index designed to identify a group of stocks that
display characteristics that give them the potential to outperform other
large-cap value indices, while maintaining strong risk diversification.
“The Claymore/Robeco Boston Partners Large-Cap
Value ETF allows investors access to a unique, large-cap value Index
with an investment selection process that considers a company’s
valuation, positive momentum and favorable business fundamentals,”
said Christian Magoon, Senior Managing Director, Claymore Securities. “Constituent
stocks are chosen through a quantitative process that goes beyond the
traditional market cap and style metrics that many large-cap value
investors begin and end with.”
The Claymore/Robeco Boston Partners Large-Cap Value ETF (AMEX: CLV)
seeks investment results that correspond generally to the
performance, before the Fund’s fees and
expenses, of an equity index called the Robeco Boston Partners Large Cap
Value Index. The index is comprised of approximately 100 to 300 equity
securities and American depository receipts (ADRs), selected from a
universe of over 1,000 stocks, using a quantitative ranking methodology
comprised of three factors: attractive valuation, positive momentum and
favorable business fundamentals. The index is rebalanced quarterly.
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 May 31, 2007, Claymore entities have provided
supervision, management, servicing or distribution on approximately $17
billion in assets through closed-end funds, unit investment trusts,
mutual funds, separately managed accounts and exchanged-traded funds.
Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as
investment adviser to the Fund.
About Robeco Boston Partners
Robeco Boston Partners, founded in 1995, is an institutional investment
management firm dedicated to value investing, fundamental research, and
capital preservation. Boston Partners offers a comprehensive line of
value equity products spanning the market capitalization spectrum.
Acquired by Robeco Group in 2002, this affiliation provides Boston
Partners with enhanced distribution channels and resources and both
Boston Partners and Robeco the opportunity to collaborate on global
value equity products.
Risk Considerations: Investors should consider the following risk
factors and special considerations associated with investing in the
Fund, which may cause you to lose money.
Investment Risk: an investment in the Fund is subject to
investment risk, including the possible loss of the entire principal
amount that you invest.
Equity Risk: a principal risk of investing in the Fund is equity
risk, which means that the value of the securities held by the Fund will
fall due to general market and economic conditions, perceptions
regarding the industries in which the issuers of securities held by the
Fund participate, or factors relating to specific companies in which the
Fund invests.
Foreign Investment Risk: the Fund’s
investments in non-U.S. issuers, although limited to ADRs, may involve
unique risks compared to investing in securities of U.S. issuers,
including, among others, greater market volatility than U.S. securities,
currency risk and less complete financial information than for U.S.
issuers among other risks.
Non-Correlation Risk: the Fund’s return
may not match the return of the Index for a number of reasons. For
example, the Fund incurs a number of operating expenses not applicable
to the Index, and incurs costs in buying and selling securities,
especially when rebalancing the Fund’s
securities holdings to reflect changes in the composition of the Index.
Since the Index constituents may vary on a quarterly basis, the Fund’s
costs associated with rebalancing may be greater than those incurred by
other exchange-traded funds that track indices whose composition changes
less frequently. The Fund may not be fully invested at times, either as
a result of cash flows into the Fund or reserves of the cash held by the
Fund to meet redemptions and expenses. If the Fund utilizes a sampling
approach or futures or other derivative positions, its return may not
correlate as well with the return on the Index, as would be the case of
it purchased all of the stocks in the Index with the same weightings as
the Index.
Replication Management Index: unlike many investment companies,
the Fund is not “actively”
managed. Therefore, it would not necessarily sell a stock because the
stock’s issuer was in financial trouble
unless that stock is removed from the Index.
Issuer-Specific Changes: the value of an individual security or
particular type of security can be more volatile than the market as a
whole and can perform differently from the value of the market as a
whole. The value of securities of smaller issuers can be more volatile
than that of larger issuers.
Portfolio Turnover Risk: the Fund may engage in active and
frequent trading of its portfolio securities in connection with the
quarterly rebalancing of the Index and therefore the Fund’s
investment. A portfolio turnover rate of 200%, for example, is
equivalent to the Fund buying and selling all of its securities two
times during the course of a year. A high portfolio turnover rate (over
100%) could result in high brokerage costs. While a high portfolio
turnover rate can result in an increase in taxable capital gains
distributions to the Fund’s shareholders, the
Fund will seek to utilize the creation and redemption in-kind mechanism
to minimize capital gains to the extent possible.
Non-Diversified Fund Risk: the Fund is considered non-diversified
and can invest a greater portion of assets in securities of individual
issuers than a diversified fund. As a result, changes in the market
value of a single investment could cause greater fluctuations in share
price than would occur in a diversified fund.
Claymore ETFs are listed on the AMEX the same way as shares of a
publicly-traded company. Claymore ETFs can be purchased through most
brokerage accounts. They can be bought and sold throughout the day on
the AMEX during normal trading hours.
The Fund issues and redeems shares at NAV only in large blocks of 50,000
shares (each block of 50,000 shares is called a “Creation
Unit”) or multiples thereof. Only
broker-dealers or large institutional investors with creation and
redemption agreements, called Authorized Participants (“APs”),
can purchase or redeem these Creation Units.
Investors buying or selling ETF shares on the secondary market may
incur brokerage costs and other transactional fees. Shares of ETFs may
fluctuate in price due to daily changes in trading volume. At times,
shares may not have a high volume of trading. Except when aggregated
in Creation Units, Shares are not redeemable securities of the Fund.
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 representation or
Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois
60532, 800-345-7999 or www.claymore.com/etfs.
NOT FDIC - INSURED • NOT BANK-GUARANTEED •
MAY LOSE VALUE
Member NASD/SIPC 06/07