Claymore Hooks Up with Fiserv to Find Distribution
News summary by MFWire's editors
Claymore Securities has won new distribution for eight of its ETFs. The ETFs will be used as underlying investments in
the Fiserv Trust Target Date Blueprint Funds. DiMeo Schneider & Associates, L.L.C., an RIA, will be developing the portfolios for Fiserv's target-date funds.
Company Press Release
Lisle, IL, March 3, 2008-Claymore Securities, Inc. today announced that eight of its ETFs are included as underlying investments in the Fiserv Trust Target Date Blueprint FundsSM ("Target Date Blueprint FundsSM").
"Investors have been looking for a way to capitalize on the cost-efficiency and transparency of ETFs within their retirement funds and by combining Claymore ETFs with other ETFs and mutual funds, investors now have far greater choice within their 401(k) plans," said Mark Tucker, Managing Director, Claymore Securities.
Within the collective investment fund structure of the Target Date Blueprint FundsSM, which are bank collective investment funds managed by Fiserv Trust Company, the Claymore ETFs have been selected as underlying investments in order to seek to achieve each Target Date Blueprint Fund'sSM investment objective.
The Target Date Blueprint FundsSM may invest in Claymore ETFs, other ETFs and mutual funds in order to seek to optimize the asset allocation for individuals' varying retirement dates between 2010 and 2050. The asset allocation model employed by these funds goes beyond standard style-box diversification and broad market indices. Unlike other target date funds that typically depend on four major asset classes (cash, fixed income, U.S. equity, foreign developed equity), the Target Date Blueprint FundsSM currently use 11 asset classes, providing exposure to low correlation assets, which can potentially reduce expected volatility.
"The Target Date Blueprint FundsSM start with portfolio construction while many other target date funds are simply product delivery mechanisms that package existing mutual funds from the same fund company," said Tucker. "This open architecture structure using both passive and active management styles creates portfolios that more closely resemble those found in a typical defined benefit plan."
The Claymore ETFs currently included as underlying investments in the Target Date Blueprint FundsSM are:
As Trustee to the Target Date Blueprint FundsSM, Fiserv Trust Company has engaged DiMeo Schneider & Associates, L.L.C., a registered investment adviser to develop investment models and strategies for the Funds to assist Fiserv Trust Company with making investment selections to comprise the Funds. Claymore has no discretion as to the usage of the Claymore ETFs in the Target Date Blueprint FundsSM or the investments made into such Funds.
The Fiserv Trust Company Blueprint FundsSM Collective Investment Funds (www.theblueprintfunds.com ) are designed to serve the investment needs of tax-qualified employer-sponsored retirement plans. The Target Date Blueprint FundsSM are currently available via the National Securities Clearing Corporation (NSCC) to certain tax qualified employer-sponsored retirement plans, including certain 401(k) plans.
About Claymore Securities
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.5 billion in assets as of December 31, 2007. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. Additional information on Claymore's exchange-traded funds is available at www.claymore.com . Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing. Claymore Advisors, LLC, the investment adviser to the Claymore ETFs, is an affiliate of Claymore Securities, Inc.
About Fiserv Trust Company
Fiserv Trust Company, headquartered in Denver, Colorado, is a leading independent trust company. More information is available at www.fiserviss.com . Fiserv Trust Company is a subsidiary of TD AMERITRADE Holding Corporation, whose common stock trades under the ticker symbol AMTD. For more information, please visit www.amtd.com.
About DiMeo Schneider
DiMeo Schneider & Associates, L.L.C. (DiMeo Schneider) provides investment advisory services to institutional investors and wealthy families. Founded May 1, 1995 and based in downtown Chicago, DiMeo Schneider takes great pride in providing conflict-free advice grounded in proprietary research and leading-edge analytical capability. As of June 30, 2007, assets under advisement were approximately $24 billion. For more information, go to www.dimeoschneider.com .
Risks and Other Considerations
Units in the Fiserv Trust Blueprint FundsSM are not deposits or obligations of, or endorsed or guaranteed by, Fiserv Trust Company or its affiliates and the units are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other independent organization. The collective investment funds are also subject to investment risks, including possible loss of the principal amount invested. More information on the Blueprint Fiserv Trust Blueprint FundsSM can be found at the Funds' Web site at www.theblueprintfunds.com or by calling 303-294-5914.