Claymore/Robeco Developed International Equity ETF (EEN)

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Claymore/Robeco Developed International Equity ETF (EEN)

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 Euro-Pacific Select ADR Index (the “Euro-Pacific Index” or the “Index”). The Fund will at all times invest at least 80% of its total assets in American depositary receipts ("ADRs"), global depositary receipts ("GDRs"), New York Shares and Global Registered Shares 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 (including underlying stocks in respect of ADRs, GDRs, New York Shares or Global Registered Shares that comprise the Index). The Fund will also normally invest at least 80% of its total assets in securities of issuers from Europe and Asia-Pacific countries. 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 the Fund’s fees and expenses, the performance of the Euro-Pacific Index. The Euro-Pacific Index is comprised of ADRs, GDRs, New York Shares and Global Registered Shares traded on the New York Stock Exchange (“NYSE”), Nasdaq Stock Market (“NASDAQ”) and the NYSE Alternext US Exchange. Index constituents are selected, based on liquidity, from a universe of all U.S.-listed ADRs, GDRs, New York Shares and Global Registered Shares of developed countries in Europe and Asia-Pacific, as determined by The Bank of New York Mellon (“BNY Mellon” or the “Index Provider”). As of February 28, 2009 the Euro-Pacific Index consisted of 120 securities ranging in capitalization from $299 million to $132 billion, which includes small-, mid-, and large-capitalization stocks as defined by the Index Provider. The Index is weighted based on an equal-weighted methodology whereby each constituent receives an equal weight at each rebalance. [1]

Fund Information

  • Fund Manager - Claymore Advisors
  • Inception Date - 03/01/2007
  • Exchange – NYSE Arca
  • Index Ticker - EEN
  • Intra-day NAV Ticker - EENIV
  • Expense Ratio - 0.35%

Top Holdings

Holdings % of the portfolio
AIXTRON AG SPON ADR 1.17%
ACERGY SA SPON ADR 1.11%
CNH GLOBAL NV 1.08%
TENARIS SA 1.03%
WMC ADR(CNV 4 ORD NPV BNY) 1.01%
WESTPAC BANKING CORP 0.99%
ALCATEL ALSTHOM SPON-ADR 0.99%
NATIONAL BANK OF GREECE SA 0.99%
HELLENIC TELECOMMUNICATIO 0.96%
JAMES HARDIE INDS SP ADR 0.96%

Holdings as of 23/10/2009

References

  1. - Overview of Claymore/Robeco Developed International Equity ETF (EEN)
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