Claymore/BNY Mellon Frontier Markets ETF (FRN)

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Claymore/BNY Mellon Frontier Markets ETF (FRN)

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 Bank of New York Mellon New Frontier DR Index (the “Frontier Index” or the “Index”). The Fund will normally invest at least 80% of its total assets in American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that comprise the Index. The Fund also will normally invest at least 80% of its total assets in securities of issuers from Frontier Market countries (whether directly or through ADRs or GDRs), as defined by The Bank of New York Mellon, the Fund's index provider (“BNY Mellon” or the “Index Provider”) from time to time in the manner set forth below. 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, will seek to replicate, before fees and expenses, the performance of the Frontier Index. The Index tracks the performance of depositary receipts, in ADR or GDR form, that trade on the London Stock Exchange (“LSE”), New York Stock Exchange (“NYSE”), American Stock Exchange (“AMEX”) and Nasdaq Stock Market (“NASDAQ”) of companies from countries that are defined as the “Frontier Market.” The Index Provider defines Frontier Market countries based upon an evaluation of gross domestic product growth, per capita income growth, experienced and expected inflation rates, privatization of infrastructure and social inequalities. [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 06/12/2008
  • Exchange – NYSE Arca
  • Index Ticker - FRN
  • Intra-day NAV Ticker - FRNIV
  • Expense Ratio - 0.65%

Top Holdings

Holdings % of the portfolio
ECOPETROL SA- SPOND ADR 6.98%
BANK PEKAO SA 6.79%
EMPRESA NACIONAL DE ELECT 6.32%
ENERSIS SA 5.93%
TELEKOMUNIKACJA POLSKA SA 5.61%
KGHM POLSKA MIEDZ SA 5.52%
COMPANIA DE MINAS BUENAVENTURA 5.28%
KAZMUNAIGAS EXPLORATION & PRODUCTION 4.89%
ORASCOM CONSTRUCTION INDUSTRIES 4.80%
SOCIEDAD QUIMICA Y MINERA 4.29%

Holdings as of 23/10/2009

References

  1. - Overview of Claymore/BNY Mellon Frontier Markets ETF (FRN)
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