Seeking Alpha

UEM
  Guggenheim U.S.-1 Capital Markets Index ETF

8/23/2014, 6:30 AM ET
UEM is defunct since December 17, 2010. Delisted due to lack of interest
UEM Description
The Guggenheim U.S.-1-The Capital Markets Index ETF (the "Fund") seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of the CPMKTS - The Capital Markets IndexSM (the "CPMKTS Index" or the "Index") which includes equity, fixed income and money market securities. The Index is designed to represent the traditional investment grade fixed income securities, investment grade fixed income securities with less than one year until maturity and equity securities in the United States capital markets. The Index includes: common stock equity securities from the 2,000 largest actively traded United States corporations based upon market capitalization of common stock, micro-term U.S. treasury fixed income securities, micro-term U.S. federal agency and other government sponsored entities fixed income securities, short-term investment grade U.S. corporate fixed income securities, commercial paper, bankers acceptances, large time deposits, U.S. federal agency discount notes; longterm U.S. treasury fixed income securities, long-term U.S. federal agency and other government sponsored entities fixed income securities, long-term investment grade U.S. corporate fixed income securities and long-term mortgage-backed securities. The Index may also include U.S. registered, dollar-denominated bonds of foreign corporations, governments, agencies and supra-national agencies. The Fund will normally invest at least 80% of its total assets in equity, fixed income and money market securities that comprise the Index. The Fund also will normally invest at least 80% of its net assets in securities issued by U.S. companies. Guggenheim Advisors, LLC is the fund's Investment Adviser. Mellon Capital Management (the "Investment Subadviser") seeks a correlation over time of 0.95 or better between the Fund’s performance and the performance of the total return of the Index less any expenses or distributions. 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 fees and expenses, the performance of the CPMKTS Index. Dorchester Capital Management LLC (“Dorchester” or the “Index Provider”) defines “actively traded” as common stocks that are listed on a major U.S. exchange and have been traded within the past 45 days. The Index Provider defines “micro-term” fixed income securities as those with a redemption date of less than a year from the start of the month, as determined by yield to worst calculation.
See more details on sponsor's website
Country: United States
Key Info
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