Claymore/Morningstar Information Super Sector Index ETF (MZN)

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Jutia Group  Nov 30  Comment 
December 11, 2009 will be the last day of trading for Claymore/Morningstar Manufacturing Super Sector Index ETF (MZG), Claymore/Morningstar Information Super Sector Index ETF (MZN), Claymore/Morningstar Services Super Sector Index ETF (MZO),...




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Claymore/Morningstar Information Super Sector Index ETF (MZN)

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 Morningstar Information Super Sector Index (the “Information Super Sector 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 Advisor") 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 expenses, the performance of the Information Super Sector Index. The Index is designed to identify and track companies in industries that support and facilitate the exchange of ideas and information as a basis for commerce. Eligible Index securities include the total investable universe of the software, hardware, media and telecommunications sectors. Morningstar Inc. (“Morningstar” or the “Index Provider”) classifies companies into the industry that best reflects each company’s underlying business activities based on the largest source of revenue and income. Industry classification is based on publicly available information about each company, and is primarily obtained from such company’s annual report and Form 10-K. The securities in the universe are selected using a proprietary methodology developed by Morningstar. [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 08/22/2007
  • Exchange – NYSE Arca
  • Index Ticker - MZN
  • Intra-day NAV Ticker - MZNIV
  • Expense Ratio - 0.40%

Top Holdings

Holdings % of the portfolio
MICROSOFT CORP 9.38%
APPLE COMPUTER INC 7.67%
IBM CORP 6.73%
AT&T INC. 6.47%
CISCO SYSTEMS, INC. 5.90%
HEWLETT-PACKARD COMPANY 4.87%
INTEL CORP 4.66%
ORACLE CORP 3.57%
VERIZON COMMUNICATIONS 3.49%
QUALCOMM INC. 2.83%


Holdings as of 23/10/2009

References

  1. - Overview of Claymore/Morningstar Information Super Sector Index ETF (MZN)
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