Claymore/Zacks Dividend Rotation ETF (IRO)

This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund.

 

TOP CONTRIBUTORS

Ankur Dhamija

Claymore/Zacks Dividend Rotation ETF (IRO)

Overview

The "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Zacks Dividend Rotation Index (the “Dividend Rotation Index” or “Index”). The Fund will at all times invest at least 90% of its total assets in securities that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. Claymore Advisors, LLC (the "Investment Adviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation.

The Fund, using a low cost “passive” or “indexing” investment approach, seeks to replicate, before fees and expenses, the performance of the Zacks Dividend Rotation Index. The Index is comprised of approximately 100 stocks selected, based on investment and other criteria, from a universe of the 1,500 largest listed equity companies (based on market capitalization) that pay dividends at least annually (in any amount). The universe of companies eligible for inclusion in the Index is comprised of all U.S. stocks listed on domestic exchanges, including American depositary receipts (“ADRs”) and master limited partnerships (“MLPs”). The companies in the universe are selected using a proprietary methodology developed by Zacks Investment Research, Inc. (“Zacks” or the “Index Provider”). The Index will include companies with capitalizations between $200 million and $450 billion, which includes companies with all market capitalizations as defined by Zacks.

^[1]

Fund Information

• Fund Manager - Claymore Advisors
• Inception Date - 10/24/2007
• Exchange – NYSE Arca
• Index Ticker - IRO
• Intra-day NAV Ticker - IROIV
• Expense Ratio - 0.60%

Top Holdings

Holdings as of 23/10/2009

Other Dividend ETFs

References

1. ↑ - Overview of Claymore/Zacks Dividend Rotation ETF (IRO)