Claymore/AlphaShares China Small Cap Index ETF (the Fund) seeks investment results that correspond generally to the performance of an equity index called the AlphaShares China Small Cap Index (the Index). The Index is designed to measure and monitor the performance of publicly traded mainland China-based small capitalization companies. For inclusion in the Index, AlphaShares, LLC (AlphaShares or the Index Provider) defines small-capitalization companies as those companies with a maximum $1.5 billion market capitalization. The Fund will invest at least 90% of its total assets in common stock, American depositary receipts (ADRs), American depositary shares (ADS), global depositary receipts (GDRs) and international depositary receipts (IDRs) that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. The Fund�s investment advisor is Claymore Advisors, LLC.