PERFORMANCE


CLAYMORE CEF INDEX HYPOTHETICAL GROWTH OF $10,000

(12/31/07—3/31/10)

CLAYMORE CEF INDEX AVERAGE ANNUAL TOTAL RETURNS

as of 3/31/10


CLAYMORE CEF INDEX RISK/RETURN

(12/31/07—3/31/10)


CLAYMORE CEF INDEX CALENDAR YEAR RETURNS

Annual total returns are for the noted 1-year periods beginning 12/31 and ending 12/31 the following year.

YEAR CEF INDEX1 S&P 500 INDEX2
2008 -42.42 % -37.00 %
2009 54.11 % 26.46 %

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE