SERIES3
delta global international infrastructure portfolio series 3
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DAILY DATA
as of
3/15/10
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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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$10.662600
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Liquidation Price3
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$10.417600
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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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6/11/2009
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Mandatory Termination Date
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6/15/2011
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NASDAQ Ticker Symbol
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CDGSCX
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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 2010
Apr 2010
May 2010
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| CUSIP - Monthly-Cash |
18387B340 |
| CUSIP - Monthly-Reinvest |
18387B357 |
| CUSIP - Monthly-Fee/Cash |
18387B365 |
| CUSIP - Monthly-Fee/Reinvest |
18387B373 |
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 Infrastructure Portfolio ("Trust") seeks to maximize total return primarily through capital appreciation by investing in a portfolio of foreign companies.
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PRINCIPAL INVESTMENT STRATEGY
Under normal circumstances, the Trust will invest at least 80% of the value of its assets in stocks of global companies that derive their main source of revenue from producing the raw materials used by emerging societies to support their infrastructure growth or in the companies that derive their main source of revenue from providing those basic infrastructure services.
The Sponsor has selected Delta Global Advisors, Inc. (“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.
The Trust consists of securities of companies involved in the utilities, telecommunications, infrastructure, roads, railroads, ports and airports and infrastructure service companies that Delta Global believes may appreciate in value. In addition, companies involved in the mining, production and/or delivery of raw materials, water, basic materials, energy and engineering and consulting services may be included. Delta Global believes that these selected companies may be positioned to benefit from an increase in global growth in service-oriented industries. The Trust will consist of American Depositary Receipts (“ADRs”), foreign securities traded on U.S. exchanges and foreign securities traded on foreign exchanges.
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SELECTION CRITERIA
The Sponsor selects securities of companies that derive their main source of revenue from activities that provide the infrastructure for the basic services of emerging societies, such as utilities, telecommunications, ports, airports, roads and railroads. The Trust’s portfolio is globally diversified with stocks of companies that Delta Global identified as likely to benefit from an emerging middle class throughout the world. The selection process is fundamental in nature with a portfolio weighting process that identifies companies that are industry leaders. To assist the Sponsor, Delta Global analyzes a company’s valuations in relation to its peers, taking into consideration measures such as, but not limited to, the price/earnings multiple, price/earnings to growth and price-to-book value. Delta Global will also analyze a company’s proximity to and connection with emerging markets.
Delta Global Advisors, Inc.
Delta Global Advisors, Inc. is a federally registered investment adviser. Delta Global’s founder and president, Charles “Chip” Hanlon, is the founder of greenfaucet.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 may lose some or all of your investment in the Trust. No assurance can be given that the Trust’s investment objective will be achieved. 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.
- Share prices or dividend rates on the stocks may decline during the life of the Trust. There is no guarantee that the issuers of the stocks will declare dividends in the future and if declared, whether they will remain at current levels or increase over time.
- 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.
- 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 must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
- The Trust will invest 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 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 Hong Kong. As a result, political, economic or social developments in Hong Kong and China may have a significant impact on the securities included in the Trust.
- 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 located in emerging markets. Emerging markets are generally defined as countries with low per capita income in the initial stages of their industrialization cycles. The markets of emerging markets countries are generally more volatile than the markets of developed countries with more mature economies. All of the risks of investing in foreign securities described above are heightened by investing in emerging markets countries.
- 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.
- Inflation may lead to a decrease in the value of assets or income from investments.
- 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.
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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