CLAREMONT SHARES TRUST Proposes Nasdaq OMX Industry Leaders Index Fund (ETF: LEAD)


The NASDAQ OMX® Industry Leaders® Index Fund (the “Fund”) issues and redeems shares at their net asset value (“NAV”) only in blocks of 50,000 shares or multiples thereof (“Creation Units”).  Shares of the Fund are listed on a national securities exchange, such as NASAQ, and trade at market prices.  The market price for the Fund’s shares may be different from its NAV.

The Fund trades on the NASDAQ® exchange under the symbol:  LEAD.

Only certain large institutional investors known as “Authorized Participants” may purchase or redeem Creation units directly with the Fund at NAV.  These transactions are usually in exchange for a basket of securities similar to the Fund’s portfolio and an amount of cash.  Except when aggregated in Creation Units, shares of the Fund are not redeemable securities.  Shareholders who are not Authorized Participants may not redeem shares directly form the Fund at NAV.

Claremont® Investment Partners, L.L.C. (“Claremont”) provides investment advisory and administrative services to the Fund.

This Prospectus contains important information about investing in the Fund. Please carefully read the Prospectus before you invest and keep it for future reference. Your investment in the Fund is affected by market fluctuations and there is no guarantee that the Fund will achieve its objectives.  An investment in the Fund is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, Claremont or any of its affiliates.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the contrary is a criminal offense.


The Fund employs a “passive management”—or indexing—investment approach designed to track the performance of the NASDAQ OMX® Industry Leaders® Index, which is based on a patented (US Patent No 7,107,229 B1) investment process that creates an index portfolio of between 65 and 85 large cap Blue Chip companies — in 45 to 60 industries — with superior credit quality.  The Index constituents are leaders in their field identified by their substantial capitalization, established history of earnings and dividends, ample liquidity and easy access to credit.  The Fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the Index, holding each stock in approximately the same proportion as its weighting in the Index.  The Fund will provide shareholders with at least 60 days notice before changing this strategy.

You can read the SEC filing: HERE


Leave a Reply

Your email address will not be published. Required fields are marked *