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Clear Indexes Announces Semi-Annual Rebalance of the Clear Spin-Off Index
New York, December 11, 2006 – Clear Indexes LLC, which creates custom indexes for investment product design and individually tailored benchmarks for institutions, family offices, trusts and endowments, announces its semi-annual rebalancing of the Clear Spin-Off Index (Amex CLRSO).
Effective December 15, 2006, the following stocks will be added to the Clear Spin-Off Index:
CBS Corp (CBS), CHAPARRAL STEEL CO (CHAP), CHIPOTLE MEXICAN GRILL INC (CMG), CNX GAS CORP (CXG), DELEK US HOLDINGS INC (DK), AMBASSADORS GROUP INC (EPAX), ENTERPRISE GP HOLDINGS LP (EPE), EMBARQ CORP (EQ), GERDAU AMERISTEEL CORP (GNA), LIVE NATION INC (LYV), NOVELIS INC (NVL), PROLIANCE INTERNATIONAL INC (PLI), SHIP FINANCE INTL LTD (SFL), SPANSION INC (SPSN), SUNPOWER CORP (SPWR), TRIPLE CROWN MEDIA INC (TCMI), and VIACOM INC (VIA.B)
Additionally, effective December 15, 2006, the following stocks will be removed from the Index:
AFFIRMATIVE INS HOLDINGS INC (AFFN), ASSURED GUARANTY LTD (AGO), ASSURANT INC (AIZ), BOARDWALK PIPELINE PARTNERS (BWP), GENWORTH FINANCIAL INC (GNW), HOSPIRA INC (HSP), IDENIX PHARMACEUTICALS INC (IDIX), KRONOS WORLDWIDE INC (KRO), LIBERTY GLOBAL INC (LBTYA), LEVITT CORP (LEV), ORMAT TECHNOLOGIES INC (ORA), PHH CORP (PHH), PIPER JAFFRAY COS INC (PJC), TREEHOUSE FOODS INC (THS), HOUSTON EXPLORATION CO (THX), TOM ONLINE INC –ADR (TOMO), and WEBMD HEALTH CORP (WBMD)
The 40 stocks in the Clear Spin-Off Index are selected from the universe of recently spun-off companies based on Clear’s proprietary investment algorithms and independent qualitative research.
Clear Indexes LLC has granted Claymore Advisors the rights to license the Clear Spin-Off Index for the creation of the Claymore/Clear Spin-Off ETF. The Fund seeks investment results that correspond generally to the performance of the Clear Spin-Off Index before fees and expenses. Claymore Securities, Inc. acts as the distribution agent for the Fund. Neither Claymore Advisors nor Claymore Securities has any involvement with the ongoing administration of the Index.
CLEAR SPINOFF INDEX |
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Constituents and Weightings |
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12/15/2006 |
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Company Name |
Ticker |
Weighting |
AMERIPRISE FINANCIAL INC |
AMP |
5.00% |
CBS CORP |
CBS |
5.00% |
CLEAR CHANNEL OUTDOOR HLDGS |
CCO |
5.00% |
DISCOVERY HOLDING CO |
DISCA |
5.00% |
EMBARQ CORP |
EQ |
5.00% |
EXPEDIA INC |
EXPE |
5.00% |
FIDELITY NATIONAL FINANCIAL |
FNF |
5.00% |
MOSAIC CO |
MOS |
5.00% |
VIACOM INC |
VIA.B |
5.00% |
CNX GAS CORP |
CXG |
4.88% |
NAVTEQ CORP |
NVT |
4.02% |
ENTERPRISE GP HOLDINGS LP |
EPE |
3.79% |
GERDAU AMERISTEEL CORP |
GNA |
3.59% |
SUNPOWER CORP |
SPWR |
3.22% |
MONEYGRAM INTERNATIONAL INC |
MGI |
3.21% |
ADESA INC |
KAR |
2.77% |
CHAPARRAL STEEL CO |
CHAP |
2.66% |
NOVELIS INC |
NVL |
2.48% |
SPANSION INC |
SPSN |
2.22% |
CHIPOTLE MEXICAN GRILL INC |
CMG |
2.14% |
SHIP FINANCE INTL LTD |
SFL |
2.01% |
INVERNESS MEDICAL INNOVATNS |
IMA |
1.77% |
LIVE NATION INC |
LYV |
1.71% |
ALON USA ENERGY INC |
ALJ |
1.68% |
ACCO BRANDS CORP |
ABD |
1.66% |
WRIGHT EXPRESS CORP |
WXS |
1.49% |
JACKSON HEWITT TAX SERVICE |
JTX |
1.41% |
ATLAS AMERICA INC |
ATLS |
1.19% |
BOIS D ARC ENERGY INC |
BDE |
1.15% |
DELEK US HOLDINGS INC |
DK |
1.08% |
NEW YORK & COMPANY INC |
NWY |
0.94% |
DSW INC |
DSW |
0.74% |
AMBASSADORS GROUP INC |
EPAX |
0.70% |
WILLIAMS PARTNERS LP |
WPZ |
0.66% |
NEENAH PAPER INC |
NP |
0.61% |
NATIONAL INTERSTATE CORP |
NATL |
0.58% |
HOLLY ENERGY PARTNERS LP |
HEP |
0.39% |
WPT ENTERPRISES INC |
WPTE |
0.10% |
PROLIANCE INTERNATIONAL INC |
PLI |
0.07% |
TRIPLE CROWN MEDIA INC |
TCMI |
0.05% |
About Clear Indexes LLC
Clear Indexes LLC creates and publishes custom indexes using a combination of qualitative research and quantitative methodologies. Clear Indexes designs custom indexes to quantitatively measure specific market segments. The indexes are used for custom institutional benchmarks and investment product design. Clear Indexes is a wholly-owned subsidiary of Clear Asset Management LLC. For more information, please see www.clearindexes.com.
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