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| | | | | | Claymore Advisors, LLC to License Morningstar Super Sector Indexes for New ETFs | | CHICAGO, May 15, 2007—Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that Claymore Advisors, LLC has licensed the three Morningstar Super Sector Indexes for the creation of three exchange-traded funds (ETFs). The indexes divide the U.S. equity universe into one of three broad super sectors: manufacturing, services, and information. Claymore Advisors, LLC filed a registration statement with the Securities and Exchange Commission. These will be the first ETFs to track the Morningstar Super Sector Indexes.
“Investors recognize that sector diversification is important, but the sheer number of sectors makes it difficult for them to track and allocate their holdings evenly across industries,” said Christian Magoon, senior managing director, at Claymore. “Our new ETFs based on the Morningstar Super Sector Indexes allow investors the opportunity to gain broader sector exposure or the potential to add balance to a concentrated portfolio.”
In 2002, Morningstar introduced a sector classification system that offers a unified and consistent framework for mapping the equity universe. The Morningstar Sector Index family consists of 15 indexes—three Super Sector Indexes and 12 Sector Indexes—that track 97 percent of the U.S. equity market by market capitalization. Companies are assigned to sectors based on their primary source of revenue.
“Our Super Sector structure represents a unique way to classify companies based on the broad economic spheres in which they operate,” said Sanjay Arya, director of Morningstar Indexes. “This intuitive organization of sectors reflects the way economies evolve from dependence on the production of physical products to the delivery of services, which culminates in the exchange of information.”
Morningstar entered the index business in 2002. The company’s index family includes a broad U.S. market index, 15 style- and capitalization-based indexes, 15 sector indexes, and two dividend indexes. The Morningstar Indexes cover approximately 97 percent of the market capitalization of the U.S. equity market. Currently, 10 ETFs track Morningstar Indexes. For more information about the Morningstar Indexes, visit http://indexes.morningstar.com.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in the United States and in major international markets. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutional clients. Morningstar provides data on more than 200,000 investment offerings, including stocks, mutual funds, and similar vehicles. The company has operations in 16 countries and minority ownership positions in companies based in three other countries.
About Claymore
Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc. serves as investment adviser to the funds.
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of March 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on over $16 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts, exchange-traded funds and Claymore MACROshares. Additional information on Claymore is available at www.claymore.com. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.
The Claymore ETFs created from the Morningstar Super Sector Indexes and their shares are not sponsored, endorsed, sold or promoted by Morningstar.
Information contained herein and in the preliminary prospectus is subject to completion or amendment. A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or a solicitation of any offer to buy; nor shall there be any sale of these securities in any state where the offer, solicitation, or sale is not permitted.
NOT FDIC - INSURED • NOT BANK - GUARANTEED • MAY LOSE VALUE
Claymore Securities, Inc.
Member NASD/SIPC 05/07
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©2007 Morningstar, Inc. All rights reserved.
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