Claymore Launches Claymore/BBD High Income Index ETF.

LISLE, Ill. -- Claymore Securities today launched the Claymore/BBD High Income Index ETF (AMEX: LVL). The ETF will track the Benchmarks By Design Index which uses multi-factor proprietary selection rules to identify securities--across all chosen asset classes--that offer the greatest potential from an income and risk/return perspective.

"With the launch of the Claymore/BBD High Income Index ETF, we feel Claymore is offering financial advisors and their clients a highly-liquid and income-oriented investment product with unique investment opportunities," said Christian Magoon, Senior Managing Director, Claymore Securities. "As a large group of investors move from the accumulation phase to the distribution phase of their investment lives, Claymore ETFs seek to fill the distribution-oriented ETF void by offering investors attractive new choices when creating portfolios designed to distribute income."

Claymore/BBD High Income Index ETF (AMEX: LVL) seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the Benchmarks By Design High Income Index ("BBD High Income"). The BBD High Income Index is comprised of approximately 110 to 150 securities which are selected by a proprietary methodology designed to identify U.S. listed common stocks and ADRs paying dividends, REITs, MLPs, CEFs and traditional preferred stocks with potentially high income and superior risk/return profile.

The Index approach is specifically designed to enhance investment applications and investability and is rebalanced quarterly to assure timely security selections. The fund will normally invest at least 90% of its total assets in securities that comprise the Index.

About Claymore Securities

Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. As of May 31, 2007, Claymore entities have provided supervision, management, servicing or distribution on approximately $17 billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts and exchanged-traded funds.

About Benchmarks By Design

Benchmarks By Design develops marketable proprietary indexes of equities, bonds, exchange-traded funds, unit investment trusts and other specialized asset classes and derivative products. BBD's design criteria targets superior performance relative to established indexes of conventional design and market needs that are not addressed or are inadequately addressed. BBD's proprietary indexes are responsive to direct investment and derivative product strategies that range from passive to semi-active.

Important Risks and Other Considerations

This information does not represent an offer to sell securities of funds and it is not soliciting an offer to buy securities of the funds. There can be no assurance that the funds will achieve their investment objectives. An investment in the various Claymore ETFs is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to:

Investment Risk: An investment in the funds is subject to investment risk, including the possible loss of the entire principal amount that you invest.

Equity Risk: A principal risk of investing in the funds is equity risk, which is the risk that the value of the securities held by the funds will fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the funds participate, or factors relating to specific companies in which the funds invest. For example, an adverse event, such as an unfavorable earnings report, may depress the value of equity securities of an issuer held by the funds; the price of common stock of an issuer may be particularly sensitive to general movements in the stock market; or a drop in the stock market may depress the price of most or all of the common stocks and other equity securities held by the funds. In addition, common stock of an issuer in the fund's portfolio may decline in price if the issuer fails to make anticipated dividend payments because, among other reasons, the issuer of the securities experiences a decline in its financial condition. Common stock is subordinated to preferred stocks, bonds and other debt instruments in a company's capital structure, in terms of priority to corporate income, and therefore will be subject to greater dividend risk than preferred stocks or debt instruments of such issuers. In addition, while broad market measures of common stocks have historically generated higher average returns than fixed income securities, common stocks have also experienced significantly more volatility in those returns.

Foreign Investment Risk: The fund's investments in non-U.S. issuers, although limited to ADRs, may involve unique risks compared to investing in securities of U.S. issuers, including, among others, greater market volatility than U.S. securities and less complete financial information than for U.S. issuers. In addition, adverse political, economic or social developments could undermine the value of the fund's investments or prevent the fund from realizing the full value of its investments. Financial reporting standards for companies based in foreign markets differ from those in the United States. Finally, the value of the currency of the country in which the fund has invested could decline relative to the value of the U.S. dollar, which may affect the value of the investment to U.S. investors. In addition, the underlying issuers of certain depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts, or to pass through to them any voting rights with respect to the deposited securities.

Replication Management Index: Unlike many investment companies, the funds are not "actively" managed. Therefore, they would not necessarily sell a stock because the stock's issuer was in financial trouble unless that stock is removed from the Index.

Issuer-specific Changes: The value of an individual security or particular type of security can be more volatile than the market as a whole and can perform differently from the value of the market as a whole. The value of securities of smaller issuer can be more volatile than that of larger issuers.

Non-Diversified Fund Risk: The fund is considered non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund.

Non-Correlation Risk: The fund's return may not match the return of the Index for a number of reasons. For example, the fund incurs a number of operating expenses not applicable to the Index, and incurs costs in buying and selling securities, especially when rebalancing the fund's securities holdings to reflect changes in the composition of the Index.

The fund may not be fully invested at times, either as a result of cash flows into the funds or reserves of cash held by the funds to meet redemptions and expenses. If the fund utilizes a sampling approach or future or other derivative positions, its returns may not correlate as well with the return on the Index, as would be the case if it purchased all of the stocks in the Index with the same weightings as the Index.

Small and Medium-Sized Company Risk: Investing in securities of small and medium-sized companies involves greater risk than is customarily associated with investing in more established companies. These companies' stocks may be more volatile and less liquid than those of more established companies. These stocks may have returns that vary, sometimes significantly, from the overall stock market.

REIT Risk: Investments in securities of real estate companies involve risks. These risks include, among others, adverse changes in national, state or local real estate conditions; obsolescence of properties; changes in the availability, cost and terms of mortgage funds; and the impact of changes in environmental laws. In addition, a REIT that fails to comply with federal tax requirements that a REIT distribute substantially all of its net income to shareholders may result in a REIT having insufficient capital for future expenditures. The value of a REIT can depend on the structure of and cash flow generated by the REIT. In addition, like mutual funds, REITs have expenses, including advisory and administration fees, that are paid their shareholders. As a result, you will absorb duplicate levels of fees when the fund invests in REITs. In addition, REITs are subject to certain provisions under federal tax law. The failure of a company to qualify as a REIT could have adverse consequences for the fund, including significantly reducing return to the fund on its investment in such company.

Master Limited Partnership Risk: Investments in securities of master limited partnerships involve risks that differ from an investment in common stock. Holders of the units of master limited partnerships have more limited control and limited rights to vote on matters affecting the partnership. There are also certain tax risks associated with an investment in units of master limited partnerships. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of a master limited partnership, including a conflict arising as a result of incentive distribution payments.

Risks of Investing in Other Investment Companies: Investments in securities of other investment companies involve risks, including, among others, the fact that shares of other investment companies are subject to the management fees and other expenses of those companies, and the purchase of shares of some investment companies (in the case of closed-end investment companies) may sometimes require the payment of substantial premiums above the value of such companies' portfolio securities or net asset values. The fund must continue, at the same time, to pay its own management fees and expenses with respect to all of its investments, including shares of other investment companies. The securities of other investment companies may also be leveraged and will therefore be subject to certain leverage risks.

Preferred Stock Risk: There are certain additional risks associated with investing in preferred securities, including, but not limited to: (i) preferred securities may include provisions that permit the issuer, at its discretion, to defer or omit distributions for a stated period without any adverse consequences to the issuer; (ii) preferred securities are generally subordinated to bonds and other debt instruments in a company's capital structure in terms of having priority to corporate income and liquidation payments, and therefore will be subject to greater credit risk than more senior debt instruments; preferred securities may be substantially less liquid than many other securities, such as common stocks or U.S. Government securities; generally, traditional preferred securities offer no voting rights with respect to the issuing company unless preferred dividends have been in arrears for a specified number of periods, at which time the preferred security holders may elect a number of directors to the issuer's board; in certain varying circumstances, an issuer of preferred securities may redeem the securities prior to a specified date.

Distribution Risk. The Fund intends to make a level dividend distribution each month to its shareholders of the net investment income of the Fund after payment of Fund operating expenses. The level dividend rate may be modified by the Trust's Board of Trustees from time to time. If, for any monthly distribution, the Fund's investment company taxable income, if any (which term includes net short-term capital gain) is less than the amount of the distribution, the difference will generally be a tax-free "return of capital" distributed from the Fund's assets. The ultimate tax characterization of the Fund's distributions in a calendar year may not finally be determined until after the end of that calendar year. This distribution policy may, under certain circumstances, have certain adverse consequences to the Fund and its shareholders because it may result in a "return of capital," resulting in less of a shareholder's assets being invested in the Fund and, over time, increase the Fund's expense ratio.

The following outlines the primary risks of strategies pursued by the types of CEFs in which the fund may invest.

Credit Risk: The risk that a bond issuer fails to make principal or interest payments when due to the fund, or that the credit quality of the issuer falls. CEFs' investments in securities issued by the U.S. Government sponsored entities, such as the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association, are not funded by Congressional appropriations and are neither guaranteed nor insured by the U.S. Government. Furthermore, no assurances can be given that the U.S. Government would provide financial support to its agencies or instrumentalities where it is not obligated to do so. Corporate bonds are subject to greater credit risk than U.S. Government bonds.

High Yield Risk: CEFs that invest in high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") may be subject to greater levels of credit and liquidity risk than funds that do not invest in such securities. These securities are considered predominately speculative with respect to the issuer's continuing ability to make principal and interest payments. An economic downturn or period of rising interest rates could adversely affect the market for these securities and reduce the fund's ability to sell these securities. If the issuer of a security is in default with respect to interest or principal payments, the fund may lose its entire investment.

Convertible Security Risk: Convertible security risk is the risk that the value of CEFs' convertible securities may decline in response to such factors as rising interest rates and fluctuations in the market price of the convertible securities' underlying common stock.

Prepayment Risk: The risk that homeowners or consumers may prepay mortgage or consumer loans, which may affect the yield of mortgage- or asset-backed securities that are backed by such loans.

Claymore ETFs are listed on the AMEX the same way as shares of a publicly-traded company. Claymore ETFs can be purchased through most brokerage accounts. They can be bought and sold throughout the day on the AMEX during normal trading hours.

The Fund issues and redeems shares at NAV only in large blocks of 50,000 shares (each block of 50,000 shares is called a "Creation Unit") or multiples thereof. Only broker-dealers or large institutional investors with creation and redemption agreements, called Authorized Participants ("APs"), can purchase or redeem these Creation Units.

Investors buying or selling ETF shares on the secondary market may incur brokerage costs and other transactional fees. Shares of ETFs may fluctuate in price due to daily changes in trading volume. At times, shares may not have a high volume of trading. Except when aggregated in Creation Units, Shares are not redeemable securities of the Fund.

The Product(s) is not sponsored, endorsed, sold or promoted by Benchmarks By Design, Inc. ("Licensor"). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Benchmarks By Design High Income Index ("Index") to track general market performance. Licensor's only relationship to the Claymore Advisors, LLC ("Licensee") is the licensing of the Index which is determined, composed and calculated by licensor without regard to the Licensee or the Product(s). Licensor has no obligation to take the needs of the Licensee or the owners of the Product(s) 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.

Investors should consider the investment objectives and policies, risk considerations, charges and ongoing expenses of the ETFs carefully before they invest. The prospectus contains this and other information relevant to an investment in the ETFs. Please read the prospectus carefully before you invest or send money. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999 or www.claymore.com/etfs.

NOT FDIC-INSURED * NOT BANK-GUARANTTED * MAY LOSE VALUE

Claymore Securities, Inc. * 2455 Corporate West Drive * Lisle, Illinois 60532

1-800-345-7999 * www.claymore.com

Member NASD/SIPC 04/07