Guggenheim Ocean Tomo Patent ETF (OTP) - NYSE
OTP is defunct since March 23, 2012. Stopped trading due to lack of investor interest
OTP Description
The Guggenheim/Ocean Tomo Patent ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Ocean Tomo 300® Patent Index (the “Ocean Tomo 300” or “Index”). The Index is the first publicly available patent index. The Fund will normally invest at least 90% of its total assets in common stock and American depositary receipts ("ADRs") 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, seeks to replicate, before fees and expenses, the performance of the Index. The Index is comprised of approximately 300 stocks selected, based on patent valuation and other criteria, from a broad universe of U.S.-traded stocks.
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Country: United States
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