Description to the Claymore/Standard & Poor's Global Dividend Opportunities Index ETF, traded under ticker symbol LVL: This ETF is a fund, created in June 2007, that is designed to track the performance, before the Fund’s fees and expenses, of the Standard & Poor's Global Dividend Opportunities Index. The Fund will normally invest at least 90% of its total assets in common stocks, MLPs and ADRs that comprise the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities that comprise the Index. The underlying index consists of one hundred common stocks, master limited partnerships and American depositary receipts that offer high dividend yields chosen from a universe consisting of the stocks listed on the exchanges of those countries included in the Standard & Poor's/Citigroup Broad Market Index.