ETF Fund Guide
ETF Performance Guide

Commissions and Administrative Costs

All commissions and administrative costs associated with the operation of the Auto DRIP, PACC Plan and SWP will be paid by Claymore Investments, Inc.

FAQs

  1. What are the primary benefits of the different plans to Unitholders?

    The DRIP and PACC Plans provide a convenient way for Unitholders to increase their Units of Claymore ETFs without incurring any brokerage commissions or service charges. The SWP provides a convenient way for Unitholders to make withdrawals from their Units of Claymore ETFs without incurring any brokerage commissions or service charges.

  2. Are all Claymore ETFs eligible for the different plans?

    All Claymore ETFs are eligible.

  3. What are the income tax implications associated with participation in the Plan?

    Selecting the option of re-investing distributions to purchase additional units does not relieve Unitholders of any income tax liability on such distributions.

  4. Can I elect to have only a portion of my distribution directed into the DRIP Plan?

    There is nothing in the Plan itself that would prohibit this. However, it is recommended that the Unitholder contact their CDS Participant regarding conditions that might apply.

  5. How will Units of the Claymore ETFs under the plans be purchased or sold?

    Units purchased or sold under the plans will be purchased through the facilities of The Toronto Stock Exchange. The price of the Units purchased or sold on behalf of a Plan Participant will be based on the average price for which all the Units in respect of a given Distribution payment date were acquired or sold. Units purchased under the DRIP and PACC Plans will be allocated pro rata based on their respective entitlement to the distributions used to purchase units.

  6. Is there any limit on the number of times I can enroll and terminate my participation in the plans?

    No. As long as you continue to satisfy the criteria for enrollment and reside in Canada, you are free to move in and out of the plans on an ongoing basis. You must ensure that you complete the necessary documentation to affect your arrangements.

  7. Can I sell the units that I hold in the different plans?

    Yes. Ordinary Units acquired under the plan will be credited to your account by your CDS Participant. To sell any of your Units, you will need to contact your CDS Participant.

  8. Can Unitholders who are resident outside of Canada participate in the different plans?

    Unitholders who are not residents of Canada are not eligible to participate in the DRIP, PACC Plan or SWP Unitholders who cease to be residents of Canada will be required to terminate their participation in these plans.

  9. If I opt-out of the different plans, can I enroll into the plans in the future?

    Yes, there are no limitations to Unitholders suspending and re-enrolling in the DRIP, PACC Plan and SWP.

  10. Can I participate in the PACC Plan or SWP Plan if I am not enrolled in the DRIP?

    Yes, Unitholders can opt-out of the Auto DRIP and participate in either the PACC Plan or the SWP Plan. Unitholders may not be able to participate in both the PACC Plan and SWP plan on the same Claymore ETF holding.

Commissions, trailing commissions, management fees and expenses all may be associated with fund investments. Please read the prospectus before investing. The indicated rate of return is the historical annual compounded total return including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Funds are not guaranteed, their values change frequently and past performance may not be repeated.