GCE

Claymore CEF Index-Linked GS Connect ETN
*Unless otherwise stated, data provided by FactSet.

GCE Fund Description

GCE tracks an index of closed-end funds selected by premiums/discounts and distribution yield.

GCE Factset Analytics Insight

GCE tracks an index of US-listed closed-end funds, aiming for exposure to a high-yield portfolio of closed-end funds with big asset bases and high liquidity, and which trade at attractive discounts to NAV. Although the index itself is not leveraged, many underlying CEFs do use leverage in their portfolios, so investors may be taking on leverage in the ETN’s exposure. Another risk that’s harder to excuse is a lack of transparency: The ETN’s issuer—Goldman Sachs—doesn’t provide a working website for investors to access in order to learn more about the mechanics and methodology. Investor interest in the note is weak—we have doubts about its viability, and wide spreads add to an already high fee. GCE makes quarterly distributions (unlike most ETNs) consistent with its role as an income source.

GCE CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GCE -8.41% 5.45% 21.94% -0.35% 6.30% 3.95% 7.52%
GCE (NAV) -- -- -- -- -- -- --
Claymore CEF Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GCE Summary Data

12/10/07
Exchange-Traded Note
0.95%
$7.51M
8.60%

GCE Portfolio Data

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N/A

GCE Index Data

Claymore CEF Index
Multi-Factor
Multi-Factor
N/A

GCE Fund Structure

No
N/A
N/A / N/A
Goldman Sachs & Co
Low
Low
N/A
N/A

GCE Tax Exposures

20.00% / 39.60%
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No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

GCE Factset Analytics Block Liquidity

As of 08/16/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GCE. GCE is rated a N/A out of 5.

GCE Tradability

3,632
$64.33K
62
$4.10K
8.60%
$1.27
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-- / --
None
0.00%
100,000
0.00
0.00%
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N/A