SERIES1
delta global hard assets & currencies portfolio series 1
|
|
DAILY DATA
as of
11/20/09
|
Portfolio Status
|
Secondary
|
|
Offer Price1
|
--
|
|
Bid Price2
|
$7.014800
|
|
Liquidation Price3
|
$7.014800
|
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.
|
DEPOSIT INFORMATION
|
Inception Date
|
2/27/2008
|
|
Mandatory Termination Date
|
2/17/2010
|
|
NASDAQ Ticker Symbol
|
CDGHAX
|
|
Inception Unit Price
|
$10.000000
|
|
Inception Bid Price
|
$9.900000
|
|
Inception Liquidation Price
|
$9.655000
|
|
Historical Annual Dividend Distribution4
|
--
|
|
Deferred Sales Charge Dates
5
|
Nov 2008
Dec 2008
Jan 2009
|
| CUSIP - Monthly-Cash |
18386F748 |
| CUSIP - Monthly-Reinvest |
18386F755 |
| CUSIP - Monthly-Fee/Cash |
18386F763 |
| CUSIP - Monthly-Fee/Reinvest |
18386F771 |
5 Early redemption of units will still cause payment of deferred sales charge.
|
|
|
|
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.
|
|
|
|
INVESTMENT OBJECTIVE
The Delta Global Hard Assets & Currencies Trust seeks to provide total return primarily through capital appreciation.
|
PRINCIPAL INVESTMENT STRATEGY
Under normal circumstances, the trust will invest at least 80% of the value of its assets in securities that derive a majority of their revenues from exploring, mining and refining precious metals and base metals as well as those that explore and produce energy related commodities. Also included in the portfolio are Currency Shares that invest in foreign currency trusts.
The sponsor has selected Delta Global Advisors, Inc. (“Delta Global”) to serve as the trust’s portfolio consultant. The portfolio consultant is responsible for selecting the trust’s portfolio. Delta Global shall select stocks for the trust that it believes have the potential to achieve the trust’s investment objective.
|
|
|
|
SELECTION CRITERIA
Delta Global selects securities that derive a majority of their revenue from exploring, mining and refining precious metals and base metals as well as those that explore and produce energy related commodities. Also included in the portfolio are Currency Shares that invest in foreign currency trusts, which Delta Global believes should appreciate in an environment of a falling U.S. dollar, as well as commodity-based exchange-traded funds which provide direct exposure to the prices of certain commodities.
The Trust is globally diversified with stocks of the companies that Delta Global believes should benefit most in an inflationary environment with a weak U.S. dollar. Delta Global’s selection process is fundamental in nature, with a proprietary scoring system based on dividends, earnings and revenue growth. The weighting system is also based on past performance during inflation cycles in addition to fundamental analysis. Companies included in the portfolio are not hedged and thereby maximize their exposure to rising commodity prices.
|
|
|
|
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.
- 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 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 American Depositary Receipts (“ADRs”) and foreign securities. The trust’s investment in ADRs and foreign securities presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, 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 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 issued by companies involved with the production of certain commodities. Commodity companies include those basic materials companies involved in the production of building materials, aluminum, non-ferrous metals, precious metals and steel as well as companies that explore for, produce, refine, distribute or sell petroleum or gas products. General risks of commodity companies include price and supply fluctuations, excess capacity, economic recession, government regulations and overall capital spending rates.
- 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.
- The trust includes securities issued by companies in the energy sector. Companies in the energy sector are subject to volatile fluctuations in price and supply of energy fuels, and can be impacted by international politics and conflicts, including the war in Iraq and hostilities in the Middle East, terrorist attacks, the success of exploration projects, reduced demand as a result of increases in energy efficiency and energy conservation, natural disasters, clean-up and litigation costs associated with environmental damage and extensive regulation.
- 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 includes securities issued by companies involved in the precious metals business. Precious metals companies are subject to risks associated with the exploration, development and production of precious metals including competition for land and difficulties in obtaining required governmental approval to mine land. In addition, the price of gold and other precious metals is subject to wide fluctuations and may be influenced by limited markets, expected inflation, central bank demand and availability of substitutes.
- The trust includes securities issued by companies involved in the metals and mining business. Risks of investing in metals and mining company stocks include inaccurate estimates of mineral reserves and future production levels, varying expectations of mine production costs, technological and operational hazards in mining and mine development activities and mandated expenditures for safety and pollution control devices.
- The trust invests in stocks issued by mid-capitalization companies. These stocks customarily involve more investment risk than stocks of larger capitalization companies. Mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
- Inflation may lead to a decrease in the value of assets or income from investments.
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.
|
|
|
|
|
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
|
|