SERIES1
pension builders global recycling & waste management portfolio series 1
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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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$6.879200
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Liquidation Price3
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$6.879200
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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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5/7/2008
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Mandatory Termination Date
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5/19/2010
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NASDAQ Ticker Symbol
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CGRWAX
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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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Feb 2009
Mar 2009
Apr 2009
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| CUSIP - Monthly-Cash |
18386H140 |
| CUSIP - Monthly-Reinvest |
18386H157 |
| CUSIP - Monthly-Fee/Cash |
18386H165 |
| CUSIP - Monthly-Fee/Reinvest |
18386H173 |
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 Global Recycling Trust seeks to maximize total return primarily through appreciation and secondarily through current income.
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PRINCIPAL INVESTMENT STRATEGY
The trust seeks to provide total return primarily through capital appreciation and secondarily through current income by investing in waste management companies positioned to benefit from the increased dedication to and need for a cleaner environment in both developed and emerging market countries.
The sponsor has selected Pension Builders & Consultants (“PB&C”) to serve as the trust’s portfolio consultant. The portfolio consultant is responsible for selecting the trust’s portfolio.
See “Investment Policies” in Part B of the prospectus for more information.
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SELECTION CRITERIA
PB&C has selected securities of global companies that it believes are core holdings of a well-diversified waste management portfolio poised to benefit from the increased need to manage waste in both developed and emerging markets. The security selection process begins by identifying a universe of approximately 500 companies that PB&C believes have a significant focus in at least one of the various categories that comprise the waste management sector. These categories include, but are not limited to: waste management systems, refuse systems, hazardous waste treatment, remediation services, water and sewage systems and environmental services. Once the universe has been selected, PB&C incorporates a proprietary qualitative and quantitative ranking system to identify 23 companies that are diversified across the various waste management categories. The ranking system is primarily based on, but not limited to, the following factors: market capitalization, liquidity, dividend payment and profitability. The 23 stocks are approximately equallyweighted on the trust’s initial date of deposit (the “Inception Date”). Pension Builders & Consultants Pension Builders & Consultants is a federally registered investment advisor consisting of three divisions: private wealth management, retirement plan consulting and design and portfolio building and management. The firm’s investment philosophy centers on Modern Portfolio Theory, asset allocation, diversification and “behavioral economics.” PB&C uses proprietary quantitative screens to help eliminate the conflicts and bias created by human managers so that investors can experience emotionless investing. PB&C, in its third decade of operation, is an industry leader in portfolio design and management, owning and developing multiple trademarks and patent pending investment processes and 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:
- Securities 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 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.
- The trust invests in foreign securities. The trust’s investment in foreign securities presents additional risk. 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 stocks issued by companies in the industrials sector. Companies in the industrials sector, including waste management companies, are affected by a number of factors including the general state of the economy, intense competition, domestic and international politics, excess capacity and spending trends.
- The trust includes securities from the utilities sector. Adverse developments in this sector may significantly affect the value of your units. Companies involved in the utilities sector, including waste management companies, must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
- Share prices or dividends 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 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.
- 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.
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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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