Claymore/Sabrient Insider ETF (the Fund) seeks investment results that correspond generally to the performance of an equity index called the Sabrient Insider Sentiment Index (the Index). The Index is designed to identify companies with risk-return profiles as determined by Sabrient Systems LLC (Index Provider). The objective of the Index is to represent a group of stocks that are reflecting favorable corporate insider buying trends (determined via the public filings of such corporate insiders) and Wall Street analyst earnings estimate increases. The Index consists of approximately 100 stocks selected, based on investment and other criteria, from a universe of United States-traded stocks, including master limited partnerships (MLPs) and American depositary receipts (ADRs). The universe of companies eligible for inclusion in the Index includes approximately 6,000 listed companies without limitations on market capitalization. The Fund’s investment advisor is Claymore Advisors, LLC.