Claymore/Raymond James SB-1 Equity ETF (RYJ)

QUOTE AND NEWS
Forbes  Jul 8  Comment 
The Guggenheim Raymond James SB-1 Equity ETF (RYJ) is seeing unusually high volume in afternoon trading Tuesday, with over 203,000 shares traded versus three month average volume of about 36,000.  Shares of RYJ were down about 1.6% on the day.
Index Universe  Aug 23  Comment 
A shareholder vote set for August 28 will determine RYJ's fate. Claymore is proceeding with plans to convert the actively managed Claymore/Raymond James SB-1 Equity Fund (NYSE: RYJ), which is currently a close-end fund, into an ETF....
Index Universe  May 17  Comment 
Fund designed with built-in clause for transition.  Claymore Advisors has an interesting proposal on the table these days. The firm is looking to convert the Claymore/Raymond James SB-1 Equity Fund (NYSE: RYJ), which is a closed-end fund,...




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Claymore/Raymond James SB-1 Equity ETF (RYJ)

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 Raymond James SB-1 Equity Index (the “SB-1 Equity Index” or the “Index”). Under normal conditions, the Fund will invest at least 80% of its assets in equity securities. The Fund will also normally invest at least 80% 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 total return of the Index less any expenses or distributions. A figure of 1.00 would represent perfect correlation.

The Fund, using a "passive" or "indexing" investment approach, will seek to replicate, before fees and expenses, the performance of the SB-1 Equity Index. The SB-1 Equity Index is composed of all equity securities rated Strong Buy 1 ("SB-1") by Raymond James & Associates, Inc. ("Raymond James & Associates"), an affilliate of Raymond James Research Services, LLC ("Raymond James" or the "Index Provider"), as of each rebalance and reconstitution date. Index constituents include equity securities of all market capitalizations, as defined by the Index Provider, that trade on a U.S. securities exchange, including common stocks, American depositary receipts ("ADRs"), real-estate investment trusts ("REITs") and master limited partnerships ("MLPs"). The number of securities in the Index may vary depending on the number of equity security rated SB-1 by Raymond James & Associates. [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 05/19/2006
  • Exchange – NYSE Arca
  • Index Ticker - RYJ
  • Intra-day NAV Ticker - RYJIV
  • Expense Ratio - 0.75%

Top Holdings

Holdings % of the portfolio
CON PLC 1.08%
TNS INC 1.04%
IRIDIUM COMMUNICATIONS 1.03%
BRIGHAM EXPLOR 1.00%
ART TECHNOLOGY 0.99%
US BANCORP 0.99%
SBA COMMUNICATIONS CORP 0.98%
NOBLE CORP 0.97%
WINTRUST FINANCIAL CORP 0.97%
STANLEY WORKS 0.96%

Holdings as of 23/10/2009

References

  1. - Overview of Claymore/Raymond James SB-1 Equity ETF (RYJ)
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