Regulatory Bulletin
RB-16-152
October 24, 2016
To:
ETP HOLDERS
Subject:
GUGGENHEIM DEFENSIVE EQUITY ETF – CHANGE TO UNDERLYING INDEX
GUGGENHEIM INSIDER SENTIMENT ETF – CHANGE TO UNDERLYING INDEX
This Regulatory Information Bulletin relates to a change to the underlying index for the Guggenheim
Defensive Equity ETF and the Guggenheim Insider Sentiment ETF (the “Fund”) issued by the
Claymore Exchange-Traded Fund Trust (the “Trust”). Please forward this Information Bulletin to
other interested persons within your organization.
Exchange-Traded Funds
Symbols
Guggenheim Defensive Equity ETF
Guggenheim Insider Sentiment ETF
DEF
NFO
Background Information on the Funds
Effective at the opening of trading on October 24, 2016, each Fund’s underlying index was changed
as described below:
Symbol
Fund Name
Guggenheim Defensive
Equity ETF
Current Index (Bloomberg
Symbol)
Sabrient Defensive Equity
Index (SBRDE)
New Index
(Bloomberg Symbol)
Guggenheim Defensive
Equity Index (GUGDEF)
DEF
NFO
Guggenheim Insider
Sentiment ETF
Sabrient Insider Sentiment
Index (SBRIN)
Nasdaq US Insider
Sentiment Index (NQBUY)
No changes will be made to either Fund’s name, symbol or CUSIP. Please see the original
Regulatory Information Bulletin, No. RB-08-112, for more information, including information
regarding investment risks: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/ruleinterpretations/2008/NYSEArca-RB-08-112.pdf.
Guggenheim Defensive Equity Index
The Guggenheim Defensive Equity Index (the “Guggenheim Index”) is designed to provide exposure
to equity securities of large capitalization U.S. issuers that Accretive Asset Management, LLC
(“Accretive”), the index provider, has selected for inclusion in the Guggenheim Index based on risk
characteristics. The companies eligible for the Guggenheim Index are derived from its starting
universe, the S&P 500, which is a leading benchmark index for U.S. large capitalization stocks.
Accretive selects securities for inclusion in the Guggenheim Index based on a security's Required
Business Performance (“RBP”) Probability Score and risk characteristics. The RBP probability
scores, derived from Guggenheim Investments' quantitative process, are intended to measure the
future performance required of a company to support its stock price and to indicate the likelihood that
the company will actually achieve that performance. Using Accretive’s rules-based methodology, the
RB-16-152
October 24, 2016
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Guggenheim Index is designed to mitigate market risk and improve risk-adjusted returns relative to
the Guggenheim Index's starting universe.
Nasdaq US Insider Sentiment Index
The Nasdaq US Insider Sentiment Index (the “Nasdaq Index”) is designed to provide exposure to
U.S. companies that Nasdaq, Inc. (“Nasdaq”) has selected for inclusion in the Nasdaq Index based
on a company's corporate insider buying trends. The companies eligible for the Nasdaq Index are
derived from its starting universe, the Nasdaq US Large Mid Cap Index, which is designed to track
the performance of mid- to large-capitalization U.S. companies. A broad universe of U.S.-traded
securities, including common stocks, American depositary receipts, and master limited partnership
interests, are eligible for inclusion in the Nasdaq Index. Nasdaq selects securities for the Nasdaq
Index using a rules-based selection criteria designed to increase the Nasdaq Index’s exposure,
relative to the starting universe, to securities that reflect favorable corporate insider buying trends by
considering insider buying trends, momentum and volatility. Eligible securities are ranked based on
the above three factors and the top 100 ranking securities are selected for inclusion in the Nasdaq
Index. The Nasdaq Index is also subject to industry specific constraints.
This Information Bulletin is not a statutory Prospectus. ETP Holders should consult the
Trust’s Registration Statement, SAI, Prospectus and the Funds’ website for relevant
information.
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