Lisle, IL, July 27, 2009— Claymore Securities Inc. today announced the effectiveness of changes to the Claymore/Great Companies Large-Cap Growth Index ETF (NYSE Arca: XGC) (the “Fund”) as approved by the Fund’s Board of Trustees. The Fund’s name is now the Claymore/BNY Mellon International Small Cap LDRs ETF and it will seek investment results that correspond generally to the performance, before the Fund’s fees and expenses, of The Bank of New York Mellon Small Cap Select ADR Index (the “ Index”). The Index provides investors with broad exposure to international small-cap companies as defined by The Bank of New York Mellon. The Fund’s ticker symbol and CUSIP remain unchanged.
“We believe this change expands our product offering into an opportune space for long-term growth oriented investors: international small cap companies,” noted Christian Magoon, President of Claymore Securities.
The Fund’s Board of Trustees also approved a revised Advisory Agreement for the Fund that reduces the advisory fee. With this change, the Fund will pay the Investment Adviser a unitary management fee at an annual rate of 0.45% of the Fund’s average daily net assets. Previously the Fund employed an expense cap of 0.65%.
The Index is comprised of US-listed American depositary receipts (“ADRs”), global depositary receipts (“GDRs”), New York Shares and Global Registered Shares, based on liquidity of companies worldwide, excluding the United States and Canada. For initial inclusion, constituents must have a market capitalization ranging from $250 million to $2.0 billion. As of June 30, 2009, the Index consisted of 100 securities with a market capitalizations ranging between $282 million and $3.1 billion. The five largest country weights as of the same date were Brazil 23.55%, China 22.93%, United Kingdom 6.00%, Chile 5.82% and Australia 5.73%. For additional information about the Claymore/BNY Mellon International Small Cap LDRs ETF please see www.claymore.com/etf/fund/xgc.
About Claymore Securities
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 $12.9 billion in assets, as of June 30, 2009. Claymore currently offers closedend funds, unit investment trusts and exchange-traded funds. Additional information on Claymore’s exchangetraded funds is available by calling 888.WHY.ETFS (888.949.3837) or visiting www.claymore.com/ETFs. Claymore Advisors, LLC, an affiliate of Claymore Securities, Inc., serves as investment adviser to the Fund.
About The Bank of New York Mellon
The Bank of New York Mellon is the leading depositary bank, managing substantially more sponsored Depositary Receipt programs than any other depositary bank in the world. They currently issue Depositary Receipts for more than 2,250 programs with companies from 70 countries. Their leadership in the Depositary Receipts industry is exemplified by their appointment as depositary bank for 65 percent of all public sponsored Depositary Receipt programs. Their overall success is based upon our unique, value-added services; technologically advanced securities servicing operating capabilities; a specialized approach to each market they service; and personalized administrative support and overall commitment to securities servicing. Additional information is available at www.bnymellonadr.com.
Investors should consider the following risk factors and special considerations associated with investing in the Fund, which may cause you to lose money, including the entire principal amount that you invest. Equity Risk: The risk that the value of the securities held by the Fund will 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. Foreign Investment Risk: Investing in non-U.S. issuers may involve unique risks such as currency, political, and economic risk, as well as less market liquidity, generally greater market volatility and less complete financial information than for U.S. issuers. Investment in securities of issuers based in developing or “emerging market” countries entails all of the risks of investing in securities of non-U.S. issuers, as previously described, but to a heightened degree. Currently a significant percentage of the Index is comprised of securities of companies from China and Brazil. China Exposure Risk: From time to time, certain of the companies comprising the Index that are located in China may operate in, or have dealings with, countries subject to sanctions or embargoes imposed by the U.S. government and the United Nations and/or in countries identified by the U.S. government as state sponsors of terrorism. Micro- and Small-Sized Company Risk: Investing in securities of these companies involves greater risk as their stocks may be more volatile and less liquid than investing in more established companies. In addition, the Fund is also subject to Non-Correlation Risk, Replication Management Risk, Issuer-Specific Changes and Non-Diversified Fund Risk. Please read the Fund’s prospectus for more detailed information on these risks and considerations.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment product carefully before investing. The prospectus contains this and other relevant information. Investors should read the prospectus carefully before investing or sending money. For this and more information, please contact a securities representative or Claymore Securities, Inc.
“BNY Mellon”, and “The Bank of New York Mellon Small Cap Select ADR Index” are service marks of The Bank of New York Mellon Corporation (the “Bank”) and have been licensed for use for certain purposes by the Investment Adviser. The Fund is not sponsored, endorsed, sold or promoted by The Bank of New York Mellon (BNY Mellon) (“Licensor”). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Fund particularly or the ability of The Bank of New York Mellon Small Cap Select ADR Index (“Index”) to track general market performance. Licensor’s only relationship to the Licensee is the licensing of the Index which is determined, composed and calculated by Licensor without regard to the Licensee or the Fund. Licensor has no obligation to take the needs of the Licensee or the owners of the Fund into consideration in determining, composing or calculating the Index. Licensor shall not be liable to any person for any error in the Index nor shall it be under any obligation to advise any person of any error therein. Please refer to the prospectus for a full disclaimer.
NOT FDIC – INSURED • NOT BANK – GUARANTEED • MAY LOSE VALUE
Claymore Securities, Inc. • 2455 Corporate West Drive • Lisle, Illinois 60532 1-888-949-3837