0000891804-13-000094.txt : 20130122 0000891804-13-000094.hdr.sgml : 20130121 20130122151856 ACCESSION NUMBER: 0000891804-13-000094 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130122 EFFECTIVENESS DATE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Claymore Exchange-Traded Fund Trust 2 CENTRAL INDEX KEY: 0001365662 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-135105 FILM NUMBER: 13540155 BUSINESS ADDRESS: STREET 1: C/O CLAYMORE SECURITIES, INC. STREET 2: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 630-505-3700 MAIL ADDRESS: STREET 1: C/O CLAYMORE SECURITIES, INC. STREET 2: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Claymore Exchange-Traded Fund Trust 2 CENTRAL INDEX KEY: 0001365662 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21910 FILM NUMBER: 13540156 BUSINESS ADDRESS: STREET 1: C/O CLAYMORE SECURITIES, INC. STREET 2: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 BUSINESS PHONE: 630-505-3700 MAIL ADDRESS: STREET 1: C/O CLAYMORE SECURITIES, INC. STREET 2: 2455 CORPORATE WEST DRIVE CITY: LISLE STATE: IL ZIP: 60532 0001365662 S000017279 Guggenheim S&P Global Water Index ETF C000047824 Guggenheim S&P Global Water Index ETF CGW 0001365662 S000022000 Guggenheim Solar ETF C000063197 Guggenheim Solar ETF TAN 0001365662 S000025007 Guggenheim Airline ETF C000074401 Guggenheim Airline ETF FAA 0001365662 S000026796 Guggenheim China All-Cap ETF C000080566 Guggenheim China All-Cap ETF YAO 0001365662 S000027069 Guggenheim China Technology ETF C000081479 Guggenheim China Technology ETF CQQQ 0001365662 S000031946 Guggenheim ABC High Dividend ETF C000099453 Guggenheim ABC High Dividend ETF ABCS 485BPOS 1 gug55588etf2-485bxbrl.htm ETF 2 gug55588etf2-485bxbrl.htm
As filed with the Securities and Exchange Commission on January 22, 2013
 
SECURITIES ACT FILE NO. 333-135105
INVESTMENT COMPANY ACT FILE NO. 811-21910
==============================================================================================================================================================================================================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM N-1A
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
x
Pre-Effective Amendment No.
o
Post Effective Amendment No. 131
x
 
and/or
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
x
Amendment No. 133
 
(Check appropriate box or boxes)
 
CLAYMORE EXCHANGE-TRADED FUND TRUST 2
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
2455 CORPORATE WEST DRIVE
LISLE, ILLINOIS 60532
(Address of Principal Executive Offices)
 
(630) 505-3700
Registrant's Telephone Number
 
KEVIN M. ROBINSON, ESQ.
GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC
2455 CORPORATE WEST DRIVE
LISLE, ILLINOIS 60532
(Name and Address of Agent for Service)
 
Copy to:
STUART M. STRAUSS, ESQ.
DECHERT LLP
1095 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
 
APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
 
IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)
 
x
 IMMEDIATELY UPON FILING PURSUANT TO PARAGRAPH (B) OF RULE 485.
 
¨
ON [DATE] PURSUANT TO PARAGRAPH (B) OF RULE 485.
 
¨
60 DAYS AFTER FILING PURSUANT TO PARAGRAPH (A)(1) OF RULE 485.
 
¨
ON [DATE] PURSUANT TO PARAGRAPH (A) OF RULE 485.
 
¨
75 DAYS AFTER FILING PURSUANT TO PARAGRAPH (A)(2) OF RULE 485.
 
¨
ON [DATE] PURSUANT TO PARAGRAPH (A)(2) OF RULE 485.
 
 
 
 

 
 
EXPLANATORY NOTE
 
This filing relates to the following series of the Registrant:
 
Guggenheim ABC High Dividend ETF
Guggenheim Airline ETF
Guggenheim China All-Cap ETF
Guggenheim China Technology ETF
Guggenheim S&P Global Water Index ETF
Guggenheim Solar ETF
 
 
 
2

 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lisle and State of Illinois on the 22nd day of January, 2013.
 
CLAYMORE EXCHANGE-TRADED FUND TRUST 2

By:          /s/ Donald C. Cacciapaglia
   Donald C. Cacciapaglia
   Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
 
SIGNATURES
TITLE
DATE
*
   
Randall C. Barnes
Trustee
January 22, 2013
*
   
Roman Friedrich III
Trustee
January 22, 2013
*
   
Robert B. Karn III
Trustee
January 22, 2013
*
   
Ronald A. Nyberg
Trustee
January 22, 2013
*
   
Ronald E. Toupin, Jr.
Trustee
January 22, 2013
     
/s/ Donald C. Cacciapaglia
Donald C. Cacciapaglia
Trustee and
Chief Executive Officer
 
January 22, 2013
/s/ John L. Sullivan
John L. Sullivan
 
Treasurer, Chief Financial Officer
And Chief Accounting Officer
January 22, 2013
*/s/ Stevens T. Kelly
 
January 22, 2013
Stevens T. Kelly
Attorney-In-Fact, pursuant to power of attorney
 

 
 
3

 

EXHIBIT INDEX
 
EX-101.INS
XBRL Instance Document
   
EX-101.SCH
XBRL Taxonomy Extension Schema Document
   
EX-101.CAL
XBRL Taxonomy Extension Calculation Linkbase
   
EX-101.DEF
XBRL Taxonomy Extension Definition Linkbase
   
EX-101.LAB
XBRL Taxonomy Extension Labels Linkbase
   
EX-101.PRE
XBRL Taxonomy Extension Presentation Linkbase

 
 
4
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The Example does not take into account brokerage commissions that you may pay when purchasing or selling Shares of the Fund.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#146;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p> <p style="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other funds. The Example does not take into account brokerage commissions that you may pay when purchasing or selling Shares of the Fund.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#146;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p> <p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify">This Example is intended to help you compare the cost of investing in the Fund with the costs of investing in other funds. The Example does not take into account brokerage commissions that you may pay when purchasing or selling Shares of the Fund.</p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">&#160;</p> <p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#146;s operating expenses remain the same. 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The Example does not take into account brokerage commissions that you pay when purchasing or selling Shares of the Fund.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><font style="font: 8pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><font style="font: 8pt Arial, Helvetica, Sans-Serif">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&#146;s operating expenses remain the same. 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The Fund&#146;s Shares will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objective. 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Airline companies may also be significantly affected by changes in fuel prices, which may be very volatile. Due to the competitive nature of the airline industry, airline companies may not be able to pass on increased fuel prices to customers by increasing fares. The airline industry may also be significantly affected by changes in labor relations and insurance costs. 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Hong Kong reverted to Chinese sovereignty on July 1, 1997 as a Special Administrative Region of the People&#146;s Republic of China under the principle of &#147;one country, two systems.&#148; Although China is obligated to maintain the current capitalist economic and social system of Hong Kong through June 30, 2047, the continuation of economic and social freedoms enjoyed in Hong Kong is dependent on the government of China. There is no guarantee that China will continue to honor Hong Kong&#146;s autonomy, and China may change its policies regarding Hong Kong at any time. Any attempt by China to tighten its control over Hong Kong&#146;s political, economic or social policies may result in an adverse effect on Hong Kong&#146;s economy. Hong Kong is located in a part of the world that has historically been prone to natural disasters such as earthquakes and flooding and is economically sensitive to environmental events. 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An investment in the Fund has not been guaranteed, sponsored, recommended, or approved by the United States, or any agency, instrumentality or officer of the United States, has not been insured by the Federal Deposit Insurance Corporation (FDIC) and is not guaranteed by and is not otherwise an obligation of any bank or insured depository institution.</i></p> <p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify">&#160;</p> <p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; text-align: justify"><i>Equity Risk.</i>&#160;The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. 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In addition, previously the Chinese government has from time to time taken actions that influence the prices at which certain goods may be sold, encourage companies to invest or concentrate in particular industries, induce mergers between companies in certain industries and induce private companies to publicly offer their securities to increase or continue the rate of economic growth, control the rate of inflation or otherwise regulate economic expansion. 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Investing in foreign countries, particularly emerging market countries, entails the risk that news and events unique to a country or region will affect those markets and their issuers. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets. The economies of emerging markets countries also may be based on only a few industries, making them more vulnerable to changes in local or global trade conditions and more sensitive to debt burdens or inflation rates. 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After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</font></p> <p style="margin: 0; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</font></p> <p style="margin: 0; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Fund&#146;s year-to-date total return</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Fund&#146;s year-to-date total return</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Fund&#146;s year-to-date total return</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Fund&#146;s year-to-date total return</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">Fund&#146;s year-to-date total return</font></p> 2012-09-30 2012-09-30 2012-09-30 2012-09-30 2012-09-30 0.1569 -.3269 0.1025 0.0715 0.0573 <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">highest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">highest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">highest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">highest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">highest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">lowest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">lowest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">lowest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">lowest calendar quarter returns</font></p> <p style="margin: 0"><font style="font: 8pt Arial, Helvetica, Sans-Serif">lowest calendar quarter returns</font></p> 2009-06-30 2009-06-30 2010-09-30 2010-09-30 2010-09-30 2008-12-31 2011-09-30 2011-09-30 2011-09-30 2011-09-30 0.2883 0.3889 0.1678 0.1321 0.1848 -0.2260 -0.5460 -0.2507 -0.2649 -0.2742 <p style="font: 8pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif"></font></p> <p style="margin: 0; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif">All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</font></p> <p style="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</p> <p style="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</p> <p style="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">All after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of any state or local tax. Your own actual after-tax returns will depend on your tax situation and may differ from what is shown here. After-tax returns are not relevant to investors who hold Shares of the Fund in tax-deferred accounts such as individual retirement accounts (IRAs) or employee-sponsored retirement plans.</p> <p style="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: white">Average Annual Total Returns for the&#160;Periods Ended December 31, 2011</font></p> <p style="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: white">Average Annual Total Returns for the&#160;Periods Ended December 31, 2011</font></p> <p style="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: white">Average Annual Total Returns for the&#160;Periods Ended December 31, 2011</font></p> <p style="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: white">Average Annual Total Returns for the&#160;Periods Ended December 31, 2011</font></p> <p style="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify"><font style="font: 8pt Arial, Helvetica, Sans-Serif; background-color: white">Average Annual Total Returns for the&#160;Periods Ended December 31, 2011</font></p> The Fund has adopted a Distribution and Service (12b-1) Plan pursuant to which the Fund may bear a 12b-1 fee not to exceed 0.25% per annum of the Fund's average daily net assets. However, no such fee is currently paid by the Fund and the Board of Trustees of Claymore Exchange-Traded Fund Trust 2 (the "Trust") has adopted a resolution that no such fee will be paid for at least 12 months from the date of this prospectus. The Fund's Investment Adviser has contractually agreed to reimburse Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expenses, a portion of the Fund's licensing fees, offering costs, brokerage commissions and other trading expenses, taxes and extraordinary expenses such as litigation and other expenses not incurred in the ordinary course of the Fund's business) from exceeding 0.65% of average net assets per year (the "Expense Cap"), at least until December 31, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees of the Trust (the "Board of Trustees"). For a period of five years subsequent to the Fund's commencement of operations, the Investment Adviser may recover from the Fund expenses reimbursed during the prior three years if the Fund's expense ratio, including the recovered expenses, falls below the Expense Cap. To the extent the Fund incurs expenses that are excluded from the Expense Cap, the Fund's expense ratio will exceed the Expense Cap. The Fund's Investment Adviser has contractually agreed to reimburse Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding interest expenses, a portion of the Fund's licensing fees, offering costs, brokerage commissions and other trading expenses, taxes and extraordinary expenses such as litigation and other expenses not incurred in the ordinary course of the Fund's business) from exceeding 0.65% of average net assets per year (the "Expense Cap"), at least until December 31, 2015, and prior to such date the Investment Adviser may not terminate the arrangement without the approval of the Board of Trustees of the Trust (the "Board of Trustees"). For a period of five years subsequent to the Fund's commencement of operations, the Investment Adviser may recover from the Fund expenses reimbursed during the prior three years if the Fund's expense ratio, including the recovered expenses, falls below the Expense Cap. To the extent the Fund incurs expenses that are excluded from the Expense Cap, the Fund's expense ratio will exceed the Expense Cap. 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operating expenses Expense reimbursements Total annual Fund operating expenses after expense reimbursements Expense Example, By Year, Column [Text] One Year Three Years Five Years Ten Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 2008 2009 2010 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Fee Waiver or Reimbursement Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield C000047824Member C000063197Member C000074401Member C000080566Member C000081479Member C000099453Member Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. Custom Element. 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