How is the Dow Jones Industrial Average calculated?
At first, the Dow Jones Industrial Average was exactly that – an average. Charles Dow would simply add the market values of the components and divide by the number of stocks. Today, the average is based on the sum of the prices of the 30 stocks in the average, divided by a current divisor. The divisor is adjusted to account for corporate actions, such as stock splits, that would otherwise distort the average. For more information about DIAMONDS, including charges, expenses, and potential risks ask for a prospectus from PDR Services LLC, 86 Trinity Place, New York, NY 10006-1872, or call (800) THE-AMEX or simply click on “Request Prospectus” in the left navigation of this page. Read it carefully before you invest. DIAMONDS are subject to risks similar to those of stocks. Investment returns and principal value will fluctuate and are subject to market volatility, so that an investors shares, when redeemed or sold, may be worth more or less than their original cost. Past performance is no
