There is a contractual fee waiver currently in place for this Fund through December 31, 2010 to the extent necessary to keep the Fund's expense ratio from exceeding 0.65% of average net assets per year. Some expenses fall outside of this expense cap and actual expenses will be higher than 0.65%. The Fund's expense ratio for its initial fiscal year is based on an assumed average asset level of $100 million. If assets are lower than $100 million, the expense ratio will be higher due to the inclusion of offering costs during the first 12 months of operations. If average assets of the Fund exceed $100 million during the Fund's first 12 months, the expense ratio may be lower.
This material should be preceded or accompanied by a prospectus. Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of any Fund carefully before they invest or send money. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest. If a prospectus did not accompany this, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999, or download by accessing the "Literature" section of this website.
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Prospectus