SERIES5
delta global agriculture portfolio series 5
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DAILY DATA
as of
11/20/09
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Portfolio Status
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Secondary
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Offer Price1
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--
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Bid Price2
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$7.411600
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Liquidation Price3
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$7.411600
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1 The "offer" price represents the net asset value of one unit
of a trust plus a transactional sales charge.
2 The "bid" price represents the net asset value of one unit
of a trust excluding deferred sales charge.
3 The "liquidation" price represents the net asset value of
one unit of a trust and includes any front-end and deferred sales charges accounted
for if investors liquidate units.
4 The Historical Annual Dividend Distribution is as of date of deposit. The amount of distributions of the Trust may be lower or greater than the above-stated
amount due to certain factors that may include, but are not limited to, a change
in the dividends paid by issuers, a change in Trust expenses or the sale or maturity
of securities in the portfolio. Fees and expenses of the Trust may vary as a result
of a variety of factors including the Trust's size, redemption activity, brokerage and
other transaction costs and extraordinary expenses.
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DEPOSIT INFORMATION
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Inception Date
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7/16/2008
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Mandatory Termination Date
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7/21/2010
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NASDAQ Ticker Symbol
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CDGAEX
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Inception Unit Price
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$10.000000
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Inception Bid Price
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$9.900000
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Inception Liquidation Price
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$9.655000
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Historical Annual Dividend Distribution4
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--
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Deferred Sales Charge Dates
5
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Apr 2009
May 2009
Jun 2009
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| CUSIP - Monthly-Cash |
18386T748 |
| CUSIP - Monthly-Reinvest |
18386T755 |
| CUSIP - Monthly-Fee/Cash |
18386T763 |
| CUSIP - Monthly-Fee/Reinvest |
18386T771 |
5 Early redemption of units will still cause payment of deferred sales charge.
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Past performance is no guarantee of future results. Investment returns and principal value will fluctuate with changes in market conditions. Investors' units, when redeemed, may be worth more or less than their original cost.
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INVESTMENT OBJECTIVE
The Delta Global Agriculture Trust seeks to maximize total return primarily through capital appreciation.
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PRINCIPAL INVESTMENT STRATEGY
The trust consists of 24 securities of companies headquartered in eleven countries on five continents (North America, South America, Europe, Asia and Australia) selected by Claymore, with the assistance of Delta Global Advisors, Inc. (“Delta Global”), that may appreciate in value, especially in an environment of rising agricultural commodity prices. These commodities include, but are not limited to, corn, soybeans, wheat, sugar, palm oil, cotton, oats and fruit. The trust portfolio also has exposure to companies that profit from the use of edible oils as bio-fuels. In addition, the trust invests in companies that help farmers increase crop yields and that benefit from the trading of agricultural commodities.
The sponsor has selected Delta Global to serve as the trust’s portfolio consultant. The portfolio consultant is responsible for assisting the sponsor with the selection of the trust’s portfolio and providing ongoing support related to the securities in the portfolio.
Agricultural Commodities
Delta Global believes that this trust offers an opportunity to invest in an internationally diversified basket of agricultural commodity-producing companies. Unlike owning agricultural commodities outright—where returns are limited to an increase in prices—investing in companies that generate these products can produce earnings and share price appreciation regardless of the commodity price environment, though rising agricultural prices would generally benefit such companies.
In addition, as more of the limited supply of corn and soybeans are diverted to bio-fuel consumption, Delta Global believes that forces for a sustained rise in agricultural commodities prices seem to be in place.
As with any similar investments, there can be no guarantee that the objective of the trust will be achieved. Additionally, there is no guarantee that agricultural commodities prices or stocks of companies in the agricultural industry will perform well or that the trust will replicate the future performance of the agricultural industry as a whole. See “Investment Risks” in Part A of the prospectus for a discussion of the risks of investing in the trust.
See Investment Policies” in Part B of the prospectus for more information.
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SELECTION CRITERIA
The sponsor has selected securities that derive their main source of revenue from the growing, selling, processing and/or trading of a broad spectrum of agricultural commodities. The trust portfolio is globally diversified with stocks of companies that Delta Global identified as likely to benefit from a rise in agricultural products. The selection process is fundamental in nature, with a proprietary scoring system based primarily on earnings, revenue growth and, when possible, historical dividend yields.
Delta Global Advisors, Inc.
Delta Global Advisors, Inc. is a federally registered investment adviser. Delta Global’s founder and president, Charles “Chip” Hanlon, is a contributing writer for TheStreet.com and a widely-followed authority on foreign markets, currencies and commodities. Delta Global is focused on providing specialized global investment strategies and consulting on specialized investment themes with institutional clients. In addition to receiving a portfolio consulting fee, the trust pays Delta Global a licensing fee for the use of its intellectual property.
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RISKS AND OTHER CONSIDERATIONS
This Trust is not being offered for sale. This data is for informational purposes only.
As with all investments, you can lose money by investing in this trust. The trust also might not perform as well as you expect. This can happen for reasons such as these:
- Stock prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Units of the trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
- The sponsor does not actively manage the portfolio. The trust will generally hold, and may continue to buy, the same securities even though a security’s outlook, market value or yield may have changed.
- Share prices or dividend rates on the securities in the trust may decline during the life of the trust. There is no guarantee that the issuers of the securities will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
- The trust invests in foreign securities and American depositary receipts (“ADRs”). The trust’s investment in foreign securities and ADRs presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations. Foreign risk is the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards. The trust invests in companies located in countries with emerging markets. These markets are generally more volatile than in countries with more mature economies.
- The trust may invest in companies that are considered to be passive foreign investment companies (“PFICs”). In general, PFICs are certain non-U.S. corporations that receive at least 75% of their annual gross income from passive sources (such as interest, dividends, certain rents and royalties or capital gains) or that hold at least 50% of their assets in investments producing such passive income. As a result of an investment in PFICs, the trust could be subject to U.S. federal income tax and additional interest charges on gains and certain distributions with respect to those equity interests, even if all the income or gain is distributed to its unitholders in a timely manner. The trust will not be able to pass through to its unitholders any credit or deduction for such taxes.
- The trust includes securities whose value is dependent on currency exchange rates. The U.S. dollar value of these securities will vary with fluctuations in foreign exchange rates. Most foreign currencies have fluctuated widely in value against the U.S. dollar for various economic and political reasons such as the activity level of large international commercial banks, various central banks, speculators, hedge funds and other buyers and sellers of foreign currencies.
- Inflation may lead to a decrease in the value of assets or income from investments.
- The trust invests in securities of companies in the agribusiness industry. Companies involved in the agribusiness industry are subject to numerous risks, including cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, weather conditions, quotas, product liability litigation and governmental regulation and subsidies. Generally, the agribusiness industry is affected by the economic health of consumers. A weak economy and its effect on consumer spending would adversely affect agribusiness companies.
- The trust includes securities of companies in the consumer staples sector. General risks of companies in the consumer staples sector include cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, product liability litigation and increased government regulation. A weak economy and its effect on consumer spending would adversely affect consumer staples companies.
- The trust invests in securities of companies in the basic materials sector. General risks of companies in the basic materials sector include the general state of the economy, consolidation, domestic and international politics and excess capacity. In addition, basic materials companies may also be significantly affected by volatility of commodity prices, import controls, worldwide competition, liability for environmental damage, depletion of resources, and mandated expenditures for safety and pollution control devices.
- The trust invests in stocks issued by small-capitalization and mid-capitalization companies. These stocks customarily involve more investment risk than stocks of larger capitalization companies. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
See “Investment Risks” in Part A of the prospectus and “Risk Factors” in Part B of the prospectus for additional information.
Please see the Trust prospectus for more complete risk information.
UITs are fixed and not actively managed. Investors can lose some or all of their investment in this Trust. An investment in this fixed portfolio should be made with an understanding of the risks involved with owning various types of investments. Industry predictions may not materialize and securities selected for the Trust may not participate in overall industry growth, if any. There is no guarantee that this portfolio will achieve its investment objective. The economic condition of the issuers of the securities in this portfolio as well as the stock market, in general, may worsen and therefore reduce the value of the units of the portfolio.
This UIT is part of a long-term strategy, and investors should consider their ability to invest in successive portfolios at the applicable sales charge, if available. There are tax consequences associated with an investment from one series to the next. Investors should consult their tax advisor to determine tax consequences associated with an investment from one portfolio to the next. Units of certain portfolios may be well suited for purchase by Individual Retirement Accounts or other qualified retirement plans. Consult your attorney or tax advisor regarding tax consequences associated with the purchase of units. Claymore Securities, Inc. does not offer tax advice.
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Investors should carefully consider the investment objectives and policies, risk considerations, charges
and ongoing expenses of any investment product before investing. The prospectus contains this and other
relevant information. Please read the prospectus carefully before you invest. To obtain a prospectus,
please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle,
Illinois 60532, 800-345-7999, or download one by accessing the Literature section
of this website.
NOT FDIC-INSURED | NOT BANK-GUARANTEED | MAY LOSE VALUE
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