The investment objective and principal investment strategies of the Fund and RYJ ETF are similar, but have some important distinctions.
each separately or both together, "Claymore") serves as the Fund's Investment Adviser and is anticipated to serve as investment adviser for RYJ ETF as well.
As investment companies following similar trading strategies, many of the risks applicable to an investment in the Fund are also applicable to an investment in RYJ ETF.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund or RYJ ETF carefully before they invest.
Following the closing of the Reorganization, RYJ ETF intends to commence a continuous offering of its securities.