SERIES2
international assets middle east & africa portfolio series 2
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DAILY DATA
as of
3/19/10
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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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$6.468200
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Liquidation Price3
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$6.468200
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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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6/3/2008
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Mandatory Termination Date
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6/16/2010
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NASDAQ Ticker Symbol
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CIMEBX
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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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Mar 2009
Apr 2009
May 2009
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| CUSIP - Monthly-Cash |
18386T144 |
| CUSIP - Monthly-Reinvest |
18386T151 |
| CUSIP - Monthly-Fee/Cash |
18386T169 |
| CUSIP - Monthly-Fee/Reinvest |
18386T177 |
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 trust seeks to maximize total return through capital appreciation and has a secondary objective of current income.
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PRINCIPAL INVESTMENT STRATEGY
The trust consists of a portfolio of securities of companies headquartered in the Middle East, Africa and Turkey. The securities in the portfolio may be foreign securities listed on a foreign exchange, American Depositary Receipts (“ADRs”) or Global Depository Receipts (“GDRs”). These securities have been identified after a thorough selection process consisting of “top-down” economic analysis, sector and industry analysis and company-specific due diligence. International Assets Investment Management, LLC (“IAIM”) believes that the Middle Eastern and African regions have demonstrated significant economic growth in recent years and will continue on this trend in the long-term. As such, these markets may be poised to realize asset appreciation as global investors identify the investment opportunities and growth potential.
With the assistance of IAIM, the sponsor has selected stocks for the trust that it believes have the potential to achieve the trust’s investment objective. The individual securities that comprise the trust have been specifically selected by the sponsor and IAIM to take advantage of the potential growth of the region, country and company itself.
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 trust consists of 23 stocks of foreign companies selected by the sponsor with the assistance of IAIM, which it believes are core holdings and representative of a Middle East/Africa portfolio. IAIM uses both quantitative and qualitative factors in its security selection model. The S&P Citigroup BMI Emerging Markets Index (the “Emerging Markets Index”) is considered the benchmark index for this portfolio. The Emerging Markets Index serves as a broad universe out of which individual securities are identified by a multivariable screening process.
A multitude of companies from the Middle East, Africa and Turkey are screened using Bloomberg analytical tools to narrow down the universe to those companies meeting the predetermined criteria for the trust. Once the universe is narrowed to a list of potential candidate securities, specific fundamental analysis, including third-party research, is used for final selection of included securities. Variables included, but were not limited to, market capitalization, liquidity, favorable financial statement analysis and potential earnings growth.
The sponsor has selected IAIM 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.
International Assets Investment Management, LLC
International Assets Investment Management, LLC is a federally registered investment advisor. IAIM’s investment philosophy consists of offering asset allocation strategies with a bias towards global investing. IAIM strives to enhance investment performance by providing more opportunities and improving investment diversity. History demonstrates that a properly allocated portfolio can reduce risk since markets around the world do not always rise and fall in tandem.
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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.
- 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 will invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and foreign securities. The trust’s investment in ADRs, GDRs and foreign securities presents additional risk. ADRs and GDRs 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 stocks will be more volatile than U.S. stocks 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 includes securities issued by companies headquartered or incorporated in countries considered to be emerging markets. Risks of investing in developing or emerging countries include the possibility of investment and trading limitations, liquidity concerns, delays and disruptions in settlement transactions, political uncertainties and dependence on international trade and development assistance. Companies headquartered in emerging market countries may be exposed to greater volatility and market risk.
- The trust includes securities issued by companies headquartered in certain Middle Eastern/African countries. Certain Middle Eastern/African markets are in only the earliest stages of development. There also may be a high concentration of market capitalization and trading volume in a small number of issuers representing a limited number of industries, as well as a high concentration of investors and financial intermediaries. Certain economies in Middle Eastern/African countries depend to a significant degree upon exports of primary commodities such as gold, silver, copper, diamonds and oil. These economies therefore are vulnerable to changes in commodity prices, which in turn may be affected by a variety of factors. In addition, many Middle Eastern/African governments have exercised and continue to exercise substantial influence over many aspects of the private sector. In certain cases, the government owns or controls many companies, including the largest in the country. Accordingly, governmental actions in the future could have a significant effect on economic conditions in Middle Eastern/African countries. Furthermore, investments in companies headquartered in the Middle East/Africa may be subject to additional risks because of government instability, terrorism and/or war.
- The trust includes securities issued by companies headquartered in South Africa. A variety of political, social and economic factors, individually or in the aggregate, can adversely impact an investment made in South Africa. South Africa’s economy is characterized by an uneven distribution of wealth and income, which may cause civil and social unrest and adversely impact the South African economy. Although economic reforms have led to growth and foreign investments, there is no assurance that these programs will continue to achieve the desired results.
- The trust includes securities issued by companies in the financial sector. Companies in the financial sector include banks, insurance companies and investment firms. The profitability of companies in the financial sector is largely dependent upon the availability and cost of capital which may fluctuate significantly in response to changes in interest rates and general economic developments.
- 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 securities of companies in the telecommunications services sector. General risks of companies in the telecommunications services sector include rapidly changing technology, rapid product obsolescence or loss of patent protection, cyclical market patterns, evolving industry standards and frequent new product introductions. Furthermore deregulation in the communication industry may lead to fierce competition for market share and can have a negative impact on certain companies. Competitive pressures are intense and communications stocks can experience rapid volatility.
- 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 idely 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 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 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 roduct 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.
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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