Seeking Alpha

CUT
  Guggenheim Timber ETF - NYSEARCA

11/27/2014, 8:41 AM ET
  • Eric Stalee | Send Message 14 Dec 2011

    CREDIT AGRICOLE CUT 1 LEVEL SEV A+ FROM AA- BY FITCH :ACA FP
    Reply (2)
    • 1980XLS-2.0 | Send Message 14 Dec 2011
      : Market rallying on the news, LOL
    • Eric Stalee | Send Message 14 Dec 2011
      : Probably will start smoking hopium again...
      CUT vs. ETF Alternatives
      CUT Description
      The Guggenheim/Beacon Global Timber Index ETF (NYSE:CUT), the "Fund", seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Beacon Global Timber Index (the “Index”). The Index is designed to track the performance of common stocks of global timber companies. The universe of eligible securities includes firms that own or lease forested land and harvest the timber for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods such as paper and packaging. The Fund will normally invest at least 90% of its total assets in common stock, American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that comprise the Index. Guggenheim Advisors, LLC (the “Investment Adviser”) seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the Index. A figure of 1.00 would represent perfect correlation. The Fund, using a low cost "passive" or "indexing" investment approach, will seek to replicate, before expenses, the performance of the Beacon Global Timber Index. All stocks in the Index are selected from the universe of global timber companies. Beacon Indexes LLC (“Beacon” or the “Index Provider”) defines global timber companies as firms who own or lease forested land and harvest the timber from such forested land for commercial use and sale of wood-based products, including lumber, pulp or other processed or finished goods such as paper and packaging. Potential Index constituents include securities with market capitalizations greater than $300 million, which includes securities of all market capitalizations, as determined by Beacon. Beacon does not guarantee the inclusion of all relevant companies in the Index.
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