SERIES1
solar energy portfolio series 1
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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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$2.844300
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Liquidation Price3
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$2.844300
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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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4/29/2008
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Mandatory Termination Date
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4/21/2010
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NASDAQ Ticker Symbol
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CSOLAX
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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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Nov 2008
Dec 2008
Jan 2009
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| CUSIP - Monthly-Cash |
18386H108 |
| CUSIP - Monthly-Reinvest |
18386H116 |
| CUSIP - Monthly-Fee/Cash |
18386H124 |
| CUSIP - Monthly-Fee/Reinvest |
18386H132 |
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.
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PRINCIPAL INVESTMENT STRATEGY
The trust contains securities of companies involved in the solar energy sector. The trust consists of a portfolio of 34 domestic and foreign securities that the sponsor believes have a focus in at least one of the many categories that comprise the solar energy sector. The categories include, but are not limited to, solar power production, solar power systems, solar panel manufacturing and solar power component manufacturing. The sponsor selects stocks for the trust from within the solar energy sector that it believes to have the potential to achieve the trust’s investment objective.
See “Investment Policies” in Part B of the prospectus for more information.
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SELECTION CRITERIA
The sponsor selects global and domestic companies that it believes are core holdings of a well-diversified solar energy portfolio. To select the portfolio the sponsor begins by identifying an initial universe of companies that it believes may have a focus in the solar energy sector. The initial universe is defined through research of companies identified in various research reports, websites, company filings and financial databases as connected to the solar energy sector. The sponsor then identifies 34 companies that are diversified across the many categories and countries of origin that comprise the solar energy sector for inclusion in the portfolio through a qualitative analysis, which may be primarily based on, but not limited to, the following factors:
Revenue Concentration: The sponsor favors companies that derive a significant portion of their revenues or profits from solar energy businesses.
Investible Characteristics: The sponsor screens companies for characteristics including trading volume, share price, market capitalization and trading exchange in order to eliminate those companies that are not viable candidates for inclusion in the portfolio.
Under certain circumstances the sponsor may limit the number of securities in the final portfolio based upon certain fundamental factors including but not limited to the following:
Industry Leadership: The sponsor favors companies that possess a strong competitive position among their domestic and global peers.
Growth: The sponsor favors companies with a history of (and prospects for) better than average growth of sales and earnings (where applicable).
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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.
- 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. 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 will invest in the emerging markets of China. Investing in emerging markets entails the risk that news and events unique to a country or region will affect those markets and their issuers. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets. These markets are generally more volatile than countries with more mature economies. See “Investment Risks” in Part A of the prospectus for more specific information about the risks of investing in the securities of companies located in China.
- The trust includes securities issued by small-capitalization and mid-capitalization companies. These stocks customarily involve more risk than large-capitalization or more seasoned stocks. 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 includes securities issued by companies in the solar energy sector. Companies in the solar energy sector can be significantly affected by the following factors: obsolescence of existing technology, short product cycles, legislation resulting in more strict government regulations and enforcement policies, fluctuations in energy prices and supply and demand of alternative energy fuels, energy conservation, the success of exploration projects, the supply of and demand for oil and gas, world events and economic conditions. In addition, shares in the companies involved in this sector have been significantly more volatile than shares of companies operating in other more established sectors and the securities included in the trust may be subject to sharp price declines. This sector is relatively nascent and underresearched in comparison to more established and mature sectors, and should therefore be regarded as having greater investment risk.
- The trust includes stocks issued by companies in the industrial sector. Companies in the industrial sector 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.
- 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.
- 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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