Only 2 of Claymore's 33 ETFs are paying capital gains in 2008, consistent with the tax-efficient structure that ETFs generally provide investors. To learn more about the tax-efficient nature of ETFs, view
Accounting for Taxes: Turning to ETFs to Help Manage Your Bottom Line.
*Year-end distribution includes a short-term capital gain of $0.018/share for CRO and $0.004 for CGW.
Past performance is not indicative of future performance. To the extent any portion of the
distribution is estimated to be sourced from something other than income, such as return of capital, the
source would be disclosed on a Section 19(a)-1 letter located on the Fund's website under the "Literature" tab.
A distribution rate that is largely comprised of sources other than income may not be reflective of the
Fund's performance.
Claymore Advisors, LLC is an affiliate of Claymore Securities, Inc. Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing and/or distribution on approximately $13.8 billion in assets, as of September 30, 2008. Claymore currently offers closed-end funds, unit investment trusts and exchange-traded funds. Additional information on Claymore’s exchange-traded funds is available by calling 888.WHY.ETFS (888.949.3837) or visiting www.claymore.com/ETFs. Registered investment products are sold by prospectus only and investors should read the prospectus carefully before investing.
There can be no assurance that the Fund will achieve its investment objectives. An investment in the Claymore ETF is subject to certain risks and other considerations, including the loss of principal. Some general risks and considerations associated with investing in an ETF may include: Investment Risk, Equity Risk, Foreign Investment Risk, Income Risk, Non-Correlation Risk, Small Company Risk, Emerging Markets Risk, Industry/Sector Risk, Replication Management Risk, Issuer-Specific Changes, Non-Diversified Fund Risk. ULQ is not a money market fund and thus does not seek to maintain a stable net asset value of $1.00 per share. Please refer to the ETF’s prospectus for a more detailed discussion of the Fund-specific risks and considerations.
Claymore Securities, Inc. does not offer tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Member FINRA/SIPC
(1/2009)