Grail McDonnell Core Taxable Bond ETF
| Fund Details |
| Ticker |
GMTB |
| IOPV* |
GMTB.IV |
| CUSIP |
384742805 |
| Inception Date |
01/29/2010 |
| Exchange |
NYSE Arca |
| Net Expense Ratio |
0.35% |
| Gross Expense Ratio |
0.58% |
| Benchmark |
Barclays Aggregate Bond Index |
Objective
High level of current income and higher risk adjusted
returns relative to its benchmark.
Strategy
The ETF invests primarily in taxable investment
grade securities, including securities issued by the
U.S. Government, its agencies and instrumentalities,
mortgage-backed and other asset-backed securities,
corporate obligations, and municipal securities.
Investment Style
The McDonnell taxable bond team adheres to a
time-tested, total return investment philosophy. The
investment team seeks to reduce the Fund’s exposure
to interest rate risk by limiting dependence on market
timing by controlling the interest rate sensitivity
(i.e. duration) of the portfolio relative to the benchmark--
the Barclays Capital Aggregate Index.
McDonnell employs a conservative approach to
actively managed fixed income portfolios. The
investment team seeks to outperform the Fund’s
stated risk tolerance/benchmark by identifying
opportunities among sectors and securities and
exploiting the changing shape of the yield curve.
Fundamental credit analysis is an integral part of
the portfolio strategy. Credit analysts and portfolio
managers participate in regular discussions of trends
and opportunities in making sector, yield curve and
security selection decisions.
| Profile as of 07/30/2010 |
| Shares Outstanding |
50,010 |
| Total Net Assets |
$2,592,311.23 |
| Fund Data as of 07/30/2010 |
| NAV |
$51.84 |
| Market Price† |
$51.44 |
| Premium / Discount |
-0.77% |
| Bid / Ask Midpoint |
$51.44 |
| Last Trade Price |
$51.33 |
| Volume |
500 |
| Yield Information as of 07/30/2010 |
|---|
| 30 Day SEC Yield‡ | 3.72% |
The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the Fund shares will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Recent month end performance data.
†Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
‡The 30-Day SEC yield is calculated by dividing the net investment income per share for the 30 days ended on the date of calculation by the maximum offering price per share on that date. The figure is compounded and annualized.
*A calculation disseminated by the stock exchange that approximates the Fund's NAV every 15 seconds throughout the trading day.
Barclays Capital Aggregate Index - is made up of the Barclays Capital U.S. Government/Corporate Bond Index, Mortgage-Backed Securities Index, and Asset-Based Securities Index, including securities that are of investment grade quality or better, have at least one year to maturity, and have an outstanding par value of at least $100 million. It is not an investment product available for purchase.
There are risks involved with investing in ETFs including the loss of money. Additional information regarding the risks of this investment is available in the disclosure.
The ETFs are new and have limited operating history.
Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund(s), typically in blocks of 50,000 shares.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. The Prospectus
contains this and other information. For more complete information about the Grail American Beacon ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the McDonnell ETFs or to obtain a Prospectus, call (415) 677-5870. For more complete information about the RiverPark ETFs or to obtain a Prospectus, call (212) 484-2100. Please read the Prospectus carefully before investing.
Grail American Beacon Large Cap Value ETF, Grail McDonnell Intermediate Municipal Bond ETF, Grail McDonnell Core Taxable Bond ETF, RP Growth ETF, RP Focused Large Cap Growth ETF, RP Technology ETF and RP Financials ETF are distributed by ALPS Distributors, Inc.
ALPS Distributors, Inc. is not affiliated with the Sub-Advisors Brandywine Global Investment Management, LLC, Hotchkis and Wiley Capital Management, LLC, Metropolitan West Capital Management, LLC "MetWest", Wedgewood Partners, RiverPark Capital or McDonnell Investment Management, LLC.
© 2009-2010 Grail Advisors, LLC - All rights reserved.
