Claymore/Delta Global Shipping Index ETF (the Fund) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called Delta Global Shipping Index (the Shipping Index or the Index). The Fund will at all times invest at least 90% of its total assets in common stock, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index and investments that are substantially identical to the economic characteristics of the component securities that comprise the Index. Claymore Advisors, LLC acts as the investment adviser of Claymore/Delta Global Shipping Index ETF. The Fund’s top 10 holdings as of August 22, 2008, include Euroseas Ltd, Seaspan Corp, Diana Shipping Inc, Dht Maritime Inc, Oceanfreight Inc, Paragon Shipping Inc, Golden Ocean Group Ltd, Star Bulk Carriers Corp, Danaos Corp, Knightsbridge TA and Navios Maritime Holdings.