Claymore/Kld Sudan Free Large-Cap Core Etf (AMEX:KSF)
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From Jun 2019 to Jun 2024
Claymore Securities today launched the Claymore/KLD Sudan Free Large-Cap
Core ETF (AMEX: KSF) on the American Stock Exchange. The Claymore/KLD
Sudan Free Large-Cap Core ETF tracks the KLD Large Cap Sudan Free SocialSM
Index, which is the first socially responsible index tied to the issue
of Sudan divestment.
“Claymore Securities is dedicated to providing
financial advisors and their clients with the investment choices they
want,” said Christian Magoon, Senior Managing
Director, Claymore Securities. “By partnering
with KLD, the recognized index provider for socially responsible
investing, Claymore is offering investors the first ETF based on an
index with a Sudan-free mandate in the index methodology.”
“The new KLD Sudan Free Large Cap Social Index
is the result of institutional and retail investors’
desire for Sudan-free investment products,”
said Thomas Kuh, Managing Director of KLD Research & Analytics, Inc. “The
grassroots efforts of citizens who care deeply about the crisis in
Darfur have helped bring about new legislative mandates and socially
responsible investing strategies to eliminate corporate support of Sudan’s
current regime.”
Claymore/KLD Sudan Free Large-Cap Core ETF (AMEX: KSF) seeks
investment results that correspond generally to the performance, before
the Fund’s fees and expenses, of the KLD
Large Cap Sudan Free Social Index. The index is comprised of a subset of
stocks in the Russell 1000® Index with market
capitalizations generally greater than $1 billion and that meet KLD
Research & Analytics’ screens for
environmental, social, and governance factors and involvement in Sudan.
Business involvement in Sudan for which the KLD Large Cap Sudan Free
Social Index screens includes:
Owns or controls property or assets in Sudan
Has employees or facilities in Sudan
Provides goods or services to companies domiciled in Sudan
Obtains goods or services from Sudan
Has distribution agreements with companies domiciled in Sudan
Issues credits or loans to companies domiciled in Sudan
Purchases goods or commercial paper issued by the Government of Sudan
The Claymore/KLD Sudan Free Large-Cap Core ETF will normally invest at
least 90% of its total assets in common stock and ADRs that comprise the
index. The index is rebalanced annually in June in conjunction with the
reconstitution schedule of the Russell 1000®
Index.
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.
About KLD
KLD Research and Analytics, Inc. is the leading authority on social
research and indexes for institutional investors. Founded in 1988,
today, 33 of the top 50 institutional money managers worldwide use KLD’s
research to integrate environmental, social and governance factors into
their investment decisions. Over $10 billion is invested in funds based
on KLD indexes.
The KLD Large Cap Sudan Free Social Index is the second product from KLD
that addresses the Sudan Divestment issue.
Important Risks and Other Considerations
This information does not represent an offer to sell securities of funds
and it is not soliciting an offer to buy securities of the fund. There
can be no assurance that the fund will achieve its’
investment objectives. An investment in Claymore’s
ETF is subject to certain risks and other considerations. Such risks and
considerations include, but are not limited to:
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.
Social Investment Risk: The KLD Index’s
social policy could cause the Fund to underperform similar funds that do
not have a social policy. Among the reasons for this: undervalued stocks
that do not meet the KLD Index’s social
criteria could outperform those that do; economic or political changes
could make certain companies less attractive for investment; the KLD
Index’s social policy could cause the Fund to
sell or avoid stocks that subsequently perform well.
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
including, but not limited to, operating expenses not applicable to the
Index and costs in buying and selling securities to reflect changes in
the composition of the Index. Additionally, the Fund may not be fully
invested at times, either as a result of cash flows into the Fund or
reserves of cash held by the Fund to meet redemptions and expenses.
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.
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, which may result in greater
fluctuations in share price.
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
150,000 shares (each block of 150,000 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 representative or
Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois
60532, 800-345-7999 or www.claymore.com/etfs.