7 New Corporate Bond ETFs From Claymore to Begin Trading Today

|
 |  Includes: BSCB, BSCC, BSCD, BSCE, BSCF, BSCG, BSCH
by: ETF Daily News

Claymore is set to begin trading Seven of its new BulletShares Corporate Bond ETFs Monday June 7th. Each of the proposed ETFs would be linked to an index comprised of investment grade corporate bonds with effective maturities in the year noted within the ETF name. These new funds will will terminate on or about December 31 of its respective year. Once the end date is achieved, the funds will make a cash distribution to then-current shareholders of its net assets after making appropriate provisions for any liabilities of the fund. The total annual fund operating expenses for each fund will be .24%.

Below is a list of the new funds, and a synopsis of their investment strategies.

Claymore BulletShares 2011 Corporate Bond ETF (NYSEARCA:BSCB)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2011 Index. The 2011 Index is a rules-based index comprised of, as of April 30, 2010, approximately 154 investment grade corporate bonds with effective maturities in the year 2011. The Fund has a designated year of maturity of 2011 and will terminate on or about December 31, 2011.

Claymore BulletShares 2012 Corporate Bond ETF (NYSEARCA:BSCC)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2012 Index. The 2012 Index is a rules-based index comprised of, as of April 30, 2010, approximately 171 investment grade corporate bonds with effective maturities in the year 2012. The Fund has a designated year of maturity of 2012 and will terminate on or about December 31, 2012.

Claymore BulletShares 2013 Corporate Bond ETF (NYSEARCA:BSCD)
The Fund, using a low cost "passive" or "indexing" investment approach, will seek to replicate, before the Fund's fees and expenses, the performance of the 2013 Index. The 2013 Index is a rules-based index comprised of, as of April 30, 2010, approximately 182 investment grade corporate bonds with effective maturities in the year 2013. The Fund has a designated year of maturity of 2013 and will terminate on or about December 31, 2013.

Claymore BulletShares 2014 Corporate Bond ETF (NYSEARCA:BSCE)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2014 Index. The 2014 Index is a rules-based index comprised of, as of April 30, 2010, approximately 187 investment grade corporate bonds with effective maturities in the year 2014. The Fund has a designated year of maturity of 2014 and will terminate on or about December 31, 2014.

Claymore BulletShares 2015 Corporate Bond ETF (NYSEARCA:BSCF)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2015 Index. The 2015 Index is a rules-based index comprised of, as of April 30, 2010, approximately 138 investment grade corporate bonds with effective maturities in the year 2015. The Fund has a designated year of maturity of 2015 and will terminate on or about December 31, 2015.

Claymore BulletShares 2016 Corporate Bond ETF (NYSEARCA:BSCG)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2016 Index. The 2016 Index is a rules-based index comprised of, as of April 30, 2010, approximately 86 investment grade corporate bonds with effective maturities in the year 2016. The Fund has a designated year of maturity of 2016 and will terminate on or about December 31, 2016.

Claymore BulletShares 2017 Corporate Bond ETF (NYSEARCA:BSCH)
The Fund, using a low cost “passive” or “indexing” investment approach, will seek to replicate, before the Fund’s fees and expenses, the performance of the 2017 Index. The 2017 Index is a rules-based index comprised of, as of April 30, 2010, approximately 124 investment grade corporate bonds with effective maturities in the year 2017. The Fund has a designated year of maturity of 2017 and will terminate on or about December 31, 2017.

For the full prospectus click here.

Disclosure: No positions