Does anyone now when the first payment date will be for this ETF; can't seem to find it anywhere? Claymore states quarterly, but when does the first quarter end? 3 months after fund inception?
I've also been watching the ETF get hammered (at least for a 'bond' type ETF) and am wondering why and if it is lack of info that is causing it.
1) The $0.076 dist is low because it is not for a full quarter, only the % of a quarter since the fund opened.
2) The MER is listed at .3%, but he told me another .4% is taken and given to TD so that the distributions are taxed differently. So really the total MER is 0.7 %. When I said that last sentence to him he agreed with my statement. This seems misleading to me as I could not find anywhere them mentioning the extra hidden .4% fee.
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