Internet2k4

A Close Look at the Claymore/Zacks Yield Hog ETF

I haven't got the skinny on total holdings, but from the top 10 it looks like there might be a lot of Canadian income trusts, which have high yields (better in Canada with MLP-like tax treatment) but more importantly for US investors have the benefit of the significant C$ currency appreciation over the last few years. It's a reasonable guess that a 90 cent "Loony" is as high as it will get and the C$ will generally trend with oil and gold, contra the U$. So how much of CVY's back-testing reflects currency?