TRACERS

TRACERS (Traded Custody Receipts) can deliver a regular income stream, investment diversification, plus a scheduled return of principal in a single exchange traded product.

Tracers provide individual investors the opportunity to own an interest in a investment portfolio of approximately 20-30 corporate bonds.

Owners of the TRACERS will get the benefits (and the risks) of owning a proportionate share of the portfolio of underlying corporate bonds.

Since Corporate Bond TRACERS will have fixed rate coupons (paid either monthly, quarterly or semi-annually) and a stated principal repayment schedule, investors will know in advance the amounts and timing of scheduled interest and principal payments.

Corporate bond funds and other mutual funds typically do not provide the benefits of scheduled principal repayment dates and fixed periodic interest payments.