LVL Invesco S&P Global Dividend Opportunities Index ETF

Claymore/BBD High Income Index ETF (AMEX: LVL) announced today that, effective September 30, 2008, the Fund will change its name to the Claymore/S&P Global Dividend Opportunities Index ETF. At that time, the Fund will change its current policy of seeking 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. Instead, the Fund will seek investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the S&P Global Dividend Opportunities Index (the �Index�). The Index is developed and maintained by Standard & Poor�s, a division of The McGraw-Hill Companies, Inc. Under the new policy, the Fund will invest at least 90% of its total assets in common stocks and ADRs that comprise the Index. The Index consists of 100 common stocks and ADRs listed on national exchanges that offer high dividend yields chosen from a universe consisting of the stocks listed on the exchanges of those countries included in the S&P/Citigroup Broad Market Index. Derivatives, structured products, over-the-counter listings, mutual funds and exchange-traded funds are excluded from the Index. The Index methodology employs a yield-driven weighting scheme that weights the highest yielding stocks most heavily, subject to constraints that seek to provide diversification across individual stocks, sectors and countries in the manner set forth in the Fund�s registration statement. The Index is rebalanced semi-annually after the close of the 10th U.S. trading day of January and July, respectively. Potential Index constituents include common stocks and ADRs with market capitalizations greater than $1.5 billion at the time of reconstitution. For more information on the Index please refer to the Standard and Poor�s web site at, http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/ indices_divopp/2,3,6,0,0,0,0,0,0,2,1,0,0,0,0,0.html. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Finally, the Fund�s distribution of income dividends, if any, will change from monthly to quarterly, effective September 30, 2008. For more information about Claymore/BBD High Income Index ETF (AMEX: LVL), please see www.claymore.com/LVL. About Claymore Securities Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.4 billion in assets as of June 30, 2008. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. Standard & Poor�s� and S&P� are registered trademarks of The McGraw-Hill Companies, Inc. (�McGraw-Hill�) and have been licensed for use by Claymore Advisors, LLC. The Claymore/S&P Global Dividend Opportunities Index ETF is not sponsored, endorsed, sold or promoted by McGraw-Hill or S&P and McGraw-Hill and S&P makes no representation, warranty or condition regarding the advisability of investing in the Claymore/S&P Global Dividend Opportunities Index ETF. For more information, please visit www.standardandpoors.com/indices. Risks Considerations: Investors should consider the following risk factors and special considerations associated with investing in the Fund, which may cause you to lose money, including the entire principal that you invest. Equity Risk: 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. Foreign Investment Risk: Investing in non-U.S. issuers, although limited to ADRs, may involve unique risks such as currency, political, and economic risk, as well as less market liquidity, generally greater market volatility and less complete financial information than for U.S. issuers. Small and Medium-Sized Company Risk: Investing in securities of these companies involves greater risk as their stocks may be more volatile and less liquid than investing in 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. Master Limited Partnership (MLP) Risk: Investments in securities of MLPs involve risks that differ from an investment in common stock. Holders of the units of MLPs 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 MLPs. 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. Preferred Stock Risk: There are special risks associated with investing in preferred securities, including risks related to deferral, non-cumulative dividends, subordination, liquidity, limited voting rights and special redemption rights. 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. Non-Correlation Risk: The Fund�s return may not match the return of the Index including, but not limited to, operating expenses and costs in buying and selling securities to reflect changes in the Index. The Fund may not be fully invested at times. If the Fund utilizes a sampling approach or futures or other derivative positions, its return may not correlate with the Index return, as would be the case if it purchased all of the stocks with the same weightings as the Index. Replication Management Risk: The Fund is not �actively� managed. Therefore, it 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 issuers can be more volatile than that of larger issuers. Non-Diversified Fund Risk: The Fund can invest a greater portion of assets in securities of individual issuers than a diversified fund. Changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. The following outlines the primary risks of strategies pursued by the types of CEFs in which the Fund may invest. Credit Risk: Credit risk is 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. 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. 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: Prepayment risk is 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. Please read the Fund�s prospectus for more detailed information on these risks and considerations. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment product carefully before investing. The prospectus contains this and other relevant information. Investors should read the prospectus carefully before investing or sending money. For this and more information, please contact a securities representative or Claymore Securities, Inc. NOT FDIC - INSURED � NOT BANK - GUARANTEED � MAY LOSE VALUE Claymore Securities, Inc. � 2455 Corporate West Drive � Lisle, Illinois 60532 1-888-949-3837 � www.claymore.com Member FINRA/SIPC 7/08