Claymore S&P Global Water Index ETF (the Fund) seeks investment results that correspond generally to the performance of an equity index called the S&P Global Water Index (the Index). The Index consists of approximately 50 stocks selected based on the relative importance of the global water industry within the company's business model from a universe of companies listed on global developed market exchanges. The Index is designed to have a balanced representation from different segments of the water industry consisting of two clusters: 25 water utilities and infrastructure companies and 25 water equipment and materials companies based upon Standard & Poor's Capital IQ (CIQ) industry classification. The Fund’s index provider is Standard & Poor's. The Fund will normally invest at least 90% of its total assets in common stock and American depositary receipts (ADRs) that comprise the Index. The Fund’s investment advisor is Claymore Advisors, LLC.