The Claymore/Zacks Country Rotation ETF (Ticker: CRO) seeks investment results that correspond generally to the performance, before fees and expenses, of the Zacks Country Rotation Index. The index uses a proprietary quantitative methodology developed by Zacks to seek to determine those countries with potentially superior risk/return profiles and within those countries select a basket of stocks. The index is designed to select and weight a group of
stocks which have the potential, on a risk-adjusted basis, to outperform the MSCI EAFE Index and other developed international benchmark indices. The country allocation methodology utilizes a bottom-up approach to determine the weightings of each country based on quantitative macroeconomic factors focusing on the global economic environment, as well as other factors. Exposure for any one country may range from 0% to a maximum of forty-five percent (45%) of the index. Each company within the chosen countries is ranked using a quantitative rules-based multi-factor methodology that focuses on company growth, liquidity, relative value and other factors. The securities selected for each country should provide a reflections of the countries stock market performance. Individual constituents weightings tend to be determined by market cap.