• |
Daily and
historical fund pricing, fund returns, portfolio holdings and
characteristics, and distribution history. |
• |
Investor
guides and fund fact sheets. |
• |
Regulatory
documents including a prospectus and copies of shareholder
reports. |
Contents |
|
Dear
Shareholder |
3 |
Economic
and Market Overview |
4 |
Management
Discussion of Fund Performance |
6 |
Fund
Summary & Performance |
11 |
Overview
of Fund Expenses |
15 |
Portfolio
of Investments |
16 |
Statement
of Assets and Liabilities |
25 |
Statement
of Operations |
26 |
Statements
of Changes in Net Assets |
28 |
Financial
Highlights |
30 |
Notes
to Financial Statements |
34 |
Supplemental
Information |
41 |
Trust
Information |
43 |
About
the Trust Adviser |
Back
Cover |
February 28,
2014 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
3 |
ECONOMIC
AND MARKET OVERVIEW |
February 28,
2014 |
4 |
CLAYMORE EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
February 28,
2014 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
5 |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE |
February 28,
2014 |
6 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE continued |
February 28,
2014 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
7 |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE continued |
February 28,
2014 |
8 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE continued |
February 28,
2014 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
9 |
February 28,
2014 |
10 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
FUND
SUMMARY & PERFORMANCE (Unaudited) |
February 28,
2014 |
Fund
Statistics |
||||
Share
Price |
$ | 25.57 | ||
Net Asset
Value |
$ | 25.85 | ||
Premium/Discount
to NAV |
-1.08% | |||
Net Assets
($000) |
$ | 56,875 |
Total
Returns |
||||||||||||
Three |
Since |
|||||||||||
(Inception |
Six |
One |
Year |
Inception |
||||||||
10/19/09) |
Month |
Year |
(Annualized) |
(Annualized) |
||||||||
Guggenheim
China All-Cap ETF |
||||||||||||
NAV |
6.85% |
4.81% |
1.10% |
2.73% |
||||||||
Market |
6.27% |
3.77% |
0.55% |
2.47% |
||||||||
AlphaShares
China |
||||||||||||
All Cap
Index |
7.21% |
5.56% |
1.78% |
3.50% |
||||||||
MSCI China
Index |
4.62% |
-0.79% |
0.58% |
1.47% |
Portfolio
Breakdown |
%
of Net Assets |
Financial |
30.4% |
Communications |
23.7% |
Energy |
14.2% |
Consumer,
Non-cyclical |
9.3% |
Consumer,
Cyclical |
7.9% |
Industrial |
6.3% |
Utilities |
3.1% |
Basic
Materials |
2.5% |
Technology |
2.0% |
Diversified |
0.5% |
Total Common
Stocks |
99.9% |
Investments
of Collateral for Securities Loaned |
4.6% |
Total
Investments |
104.5% |
Liabilities
in excess of Other Assets |
-4.5% |
Net
Assets |
100.0% |
% of
Common | |
Top
Ten Holdings |
Stocks |
Tencent
Holdings Ltd. |
6.9% |
Baidu,
Inc. |
5.2% |
China Mobile
Ltd. |
4.7% |
China
Construction Bank Corp. |
4.6% |
Industrial
& Commercial Bank of China Ltd. |
4.5% |
Bank of China
Ltd. |
3.6% |
CNOOC
Ltd. |
3.3% |
China
Petroleum & Chemical Corp. |
2.8% |
PetroChina
Co. Ltd. |
2.8% |
China Life
Insurance Co. Ltd. |
2.7% |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
11 |
FUND
SUMMARY & PERFORMANCE (Unaudited) continued |
February 28,
2014 |
Fund
Summary |
||||
Share
Price |
$ | 37.29 | ||
Net Asset
Value |
$ | 37.38 | ||
Premium/Discount
to NAV |
-0.24% | |||
Net Assets
($000) |
$ | 87,837 |
Total
Returns |
||||||||||||
Three |
Since |
|||||||||||
(Inception |
Six |
One |
Year |
Inception |
||||||||
12/8/09) |
Month |
Year |
(Annualized) |
(Annualized) |
||||||||
Guggenheim
China Technology ETF |
||||||||||||
NAV |
27.50% |
58.97% |
10.84% |
11.47% |
||||||||
Market |
27.01% |
58.51% |
10.55% |
11.40% |
||||||||
AlphaShares
China |
||||||||||||
Technology |
||||||||||||
Index |
27.50% |
59.78% |
11.14% |
11.80% |
||||||||
MSCI China
Index |
4.62% |
-0.79% |
0.58% |
0.31% |
Portfolio
Breakdown |
%
of Net Assets |
Communications |
58.7% |
Technology |
22.6% |
Industrial |
8.3% |
Energy |
6.2% |
Basic
Materials |
1.7% |
Consumer,
Cyclical |
1.1% |
Consumer,
Non-cyclical |
0.9% |
Total Common
Stocks |
99.5% |
Investments
of Collateral for Securities Loaned |
15.9% |
Total
Investments |
115.4% |
Liabilities
in excess of Other Assets |
-15.4% |
Net
Assets |
100.0% |
% of
Long-Term | |
Top
Ten Holdings |
Investments |
Tencent
Holdings Ltd. |
12.2% |
Qihoo 360
Technology Co. Ltd., ADR |
9.1% |
Baidu, Inc.,
ADR |
8.4% |
Lenovo Group
Ltd. |
6.4% |
SINA
Corp. |
4.8% |
Youku Tudou,
Inc., ADR |
4.2% |
NetEase,
Inc., ADR |
3.5% |
AAC
Technologies Holdings, Inc. |
3.5% |
GCL-Poly
Energy Holdings Ltd. |
3.4% |
Sohu.com,
Inc. |
3.0% |
12 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
FUND
SUMMARY & PERFORMANCE (Unaudited) continued |
February 28,
2014 |
Fund
Statistics |
||||
Share
Price |
$ | 46.70 | ||
Net Asset
Value |
$ | 46.75 | ||
Premium/Discount
to NAV |
-0.11% | |||
Net Assets
($000) |
$ | 520,222 |
Total
Returns |
|||||||||||||||
Three |
Five |
Since |
|||||||||||||
(Inception |
Six1 |
One1 |
Year |
Year |
Inception |
||||||||||
4/15/08) |
Month |
Year |
(Annualized) |
(Annualized) |
(Annualized) |
||||||||||
Guggenheim
Solar ETF |
|||||||||||||||
NAV |
73.89% |
164.08% |
-11.97% |
0.95% |
-22.46% |
||||||||||
Market |
74.15% |
163.50% |
-11.96% |
1.00% |
-22.48% |
||||||||||
MAC Global
Solar |
|||||||||||||||
Energy |
|||||||||||||||
Index |
72.71% |
160.63% |
-15.10% |
-1.10% |
-23.37% |
||||||||||
MSCI
World |
|||||||||||||||
Index |
14.67% |
21.68% |
9.80% |
19.95% |
4.75% |
Portfolio
Breakdown |
%
of Net Assets |
Technology |
33.2% |
Energy |
32.2% |
Industrial |
30.9% |
Basic
Materials |
3.2% |
Total Common
Stocks |
99.5% |
Investments
of Collateral for Securities Loaned |
36.4% |
Total
Investments |
135.9% |
Liabilities
in excess of Other Assets |
-35.9% |
Net
Assets |
100.0% |
% of
Long-Term | |
Top
Ten Holdings |
Investments |
SolarCity
Corp. |
7.0% |
Renewable
Energy Corp. Silicon ASA |
6.7% |
Meyer Burger
Technology AG |
5.9% |
GT Advanced
Technologies, Inc. |
5.9% |
SunEdison,
Inc. |
5.9% |
GCL-Poly
Energy Holdings Ltd. |
5.8% |
First Solar,
Inc. |
5.3% |
Canadian
Solar, Inc. |
5.1% |
SMA Solar
Technology AG |
4.8% |
REC Solar
ASA |
4.7% |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
13 |
FUND
SUMMARY & PERFORMANCE (Unaudited) continued |
February 28,
2014 |
Fund
Statistics |
||||
Share
Price |
$ | 28.94 | ||
Net Asset
Value |
$ | 28.93 | ||
Premium/Discount
to NAV |
0.03% | |||
Net Assets
($000) |
$ | 322,860 |
Total
Returns |
|||||||||||||||
Three |
Five |
Since |
|||||||||||||
(Inception |
Six |
One |
Year |
Year |
Inception |
||||||||||
5/14/07) |
Month |
Year |
(Annualized) |
(Annualized) |
(Annualized) |
||||||||||
Guggenheim
S&P Global |
|||||||||||||||
Water Index
ETF |
|||||||||||||||
NAV |
22.89% |
24.40% |
13.89% |
21.90% |
4.99% |
||||||||||
Market |
23.03% |
24.49% |
13.74% |
22.18% |
4.99% |
||||||||||
S&P
Global Water |
|||||||||||||||
Index |
23.15% |
24.85% |
14.27% |
22.33% |
5.57% |
||||||||||
MSCI
World |
|||||||||||||||
Index |
14.67% |
21.68% |
9.80% |
19.95% |
2.91% |
||||||||||
Dow Jones
Global |
|||||||||||||||
Utilities |
|||||||||||||||
Index |
12.63% |
14.58% |
1.84% |
6.39% |
-2.63% |
Portfolio
Breakdown |
%
of Net Assets |
Industrial |
57.5% |
Utilities |
38.3% |
Basic
Materials |
4.0% |
Total Common
Stocks |
99.8% |
Exchange
Traded Fund |
0.1% |
Total
Long-Term Investments |
99.9% |
Investments
of Collateral for Securities Loaned |
2.0% |
Total
Investments |
101.9% |
Liabilities
in excess of Other Assets |
-1.9% |
Net
Assets |
100.0% |
% of
Long-Term | |
Top
Ten Holdings |
Investments |
Pentair
Ltd. |
8.0% |
Geberit
AG |
6.0% |
United
Utilities Group PLC |
5.9% |
American
Water Works Co., Inc. |
5.2% |
Danaher
Corp. |
4.9% |
Severn Trent
PLC |
4.9% |
Veolia
Environnement SA |
4.5% |
Alfa Laval
AB |
4.3% |
Suez
Environnement Co. |
3.8% |
Xylem,
Inc. |
3.6% |
14 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
OVERVIEW
OF FUND EXPENSES (Unaudited) |
February 28,
2014 |
Annualized |
Expenses |
|||||||||||||||
Beginning |
Ending |
Expense |
Paid |
|||||||||||||
Account |
Account |
Ratio
for the |
During |
|||||||||||||
Value |
Value |
Period
Ended |
Period1 |
|||||||||||||
9/1/13 |
2/28/14 |
2/28/14 |
9/1/13-2/28/14 |
|||||||||||||
Guggenheim
China All-Cap ETF |
||||||||||||||||
Actual |
$ | 1,000.00 | $ | 1,068.48 | 0.70 | % | $ | 3.59 | ||||||||
Hypothetical |
1,000.00 | 1,021.32 | 0.70 | % | 3.51 | |||||||||||
(5% annual
return before expenses) |
||||||||||||||||
Guggenheim
China Technology ETF |
||||||||||||||||
Actual |
1,000.00 | 1,274.99 | 0.70 | % | 3.95 | |||||||||||
Hypothetical |
1,000.00 | 1,021.32 | 0.70 | % | 3.51 | |||||||||||
(5% annual
return before expenses) |
||||||||||||||||
Guggenheim
Solar ETF 2 |
||||||||||||||||
Actual |
1,000.00 | 1,738.87 | 0.70 | % | 4.75 | |||||||||||
Hypothetical |
1,000.00 | 1,021.32 | 0.70 | % | 3.51 | |||||||||||
(5% annual
return before expenses) |
||||||||||||||||
Guggenheim
S&P Global Water Index ETF 2 |
||||||||||||||||
Actual |
1,000.00 | 1,228.92 | 0.64 | % | 3.54 | |||||||||||
Hypothetical |
1,000.00 | 1,021.62 | 0.64 | % | 3.21 | |||||||||||
(5% annual
return before expenses) |
1 |
Actual and
hypothetical expenses are calculated using the annualized expense ratio.
This represents the ongoing expenses of the Fund as a percentage of
average net assets for the six months ended February 28, 2014. Expenses
are calculated by multiplying the Fund’s annualized expense ratio by the
average account value over the period; then multiplying that result by
181/365. |
2 |
The expense
ratios reflect an expense waiver. Please see the Notes to Financial
Statements for more information. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
15 |
PORTFOLIO
OF INVESTMENTS (Unaudited) |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Common
Stocks - 99.9% |
|||||
Basic
Materials - 2.5% |
|||||
283,994 |
Aluminum
Corp. of China Ltd.(a) (b) |
$ |
101,726 |
||
74,000 |
Angang Steel
Co. Ltd.(a) (b) |
46,434 |
|||
121,999 |
China
BlueChemical Ltd. |
71,209 |
|||
62,000 |
China
Hongqiao Group Ltd. |
38,585 |
|||
261,994 |
China Lumena
New Materials Corp. |
46,585 |
|||
94,000 |
China
Molybdenum Co. Ltd.(b) |
38,031 |
|||
273,994 |
China
Precious Metal Resources Holdings Co. Ltd.(b) |
36,716 |
|||
109,000 |
Citic Pacific
Ltd.(a) |
157,017 |
|||
72,000 |
Dongyue Group
Ltd.(a) |
26,625 |
|||
140,999 |
Huabao
International Holdings Ltd. |
67,583 |
|||
118,000 |
Hunan
Nonferrous Metal Corp. Ltd.(b) |
35,426 |
|||
96,999 |
Jiangxi
Copper Co. Ltd. |
168,226 |
|||
47,300 |
Kingboard
Chemical Holdings Ltd. |
103,729 |
|||
150,999 |
Lee & Man
Paper Manufacturing Ltd. |
90,276 |
|||
124,000 |
Maanshan Iron
& Steel(b) |
29,079 |
|||
116,999 |
Nine Dragons
Paper Holdings Ltd. |
89,546 |
|||
243,998 |
Sinopec
Shanghai Petrochemical Co. Ltd. |
72,938 |
|||
62,000 |
Xingda
International Holdings Ltd. |
32,434 |
|||
74,000 |
Yingde Gases
Group Co. Ltd. |
66,267 |
|||
63,000 |
Zhaojin
Mining Industry Co. Ltd.(a) |
41,643 |
|||
417,992 |
Zijin Mining
Group Co. Ltd.(a) |
91,019 |
|||
1,451,094 |
|||||
Communications
- 23.7% |
|||||
3,599 |
21Vianet
Group, Inc., ADR(b) |
93,538 |
|||
17,360 |
Baidu, Inc.,
ADR(b) |
2,967,345 |
|||
1,293 |
Bitauto
Holdings Ltd., ADR(b) |
51,720 |
|||
165,993 |
China
Communications Services Corp. Ltd. |
78,066 |
|||
280,999 |
China Mobile
Ltd. |
2,670,216 |
|||
981,981 |
China Telecom
Corp. Ltd. |
425,130 |
|||
319,995 |
China Unicom
Hong Kong Ltd. |
426,328 |
|||
9,177 |
Ctrip.com
International Ltd., ADR(b) |
495,650 |
|||
3,821 |
E-Commerce
China Dangdang, Inc., ADR(a) (b) |
53,723 |
|||
7,635 |
Giant
Interactive Group, Inc., ADR |
86,886 |
|||
5,108 |
NetEase,
Inc., ADR |
353,320 |
|||
2,349 |
Perfect World
Co. Ltd., ADR |
53,134 |
|||
5,428 |
Qihoo 360
Technology Co. Ltd., ADR(b) |
595,017 |
|||
4,733 |
Sina
Corp.(b) |
323,406 |
|||
2,143 |
Sohu.com,
Inc.(a) (b) |
182,134 |
|||
1,153 |
SouFun
Holdings Ltd., ADR |
90,833 |
|||
39,000 |
TCL
Communication Technology Holdings Ltd. |
42,914 |
|||
48,700 |
Tencent
Holdings Ltd. |
3,906,140 |
|||
1,214 |
Vipshop
Holdings Ltd., ADR(b) |
159,423 |
|||
9,092 |
Youku Tudou,
Inc., ADR(b) |
301,764 |
|||
45,440 |
ZTE Corp.(a)
(b) |
96,254 |
|||
13,452,941 |
Consumer,
Cyclical - 7.9% |
|||||
143,999 |
Air China
Ltd. |
|
93,884 |
||
38,000 |
Ajisen China
Holdings Ltd. |
42,059 |
|||
54,000 |
Anta Sports
Products Ltd. |
83,494 |
|||
51,500 |
Baoxin Auto
Group Ltd. |
42,468 |
|||
328,993 |
Belle
International Holdings Ltd. |
405,675 |
|||
207,999 |
Bosideng
International Holdings Ltd. |
37,252 |
|||
207,996 |
Brilliance
China Automotive Holdings Ltd. |
316,776 |
|||
36,500 |
Byd Co.
Ltd.(b) |
240,792 |
|||
235,000 |
China
Dongxiang Group Co. |
46,630 |
|||
132,000 |
China Eastern
Airlines Corp. Ltd.(b) |
47,963 |
|||
1,339 |
China Lodging
Group Ltd., ADR(b) |
37,706 |
|||
84,000 |
China
Resources Enterprise Ltd. |
236,489 |
|||
118,000 |
China
Southern Airlines Co. Ltd. |
41,051 |
|||
171,999 |
China Travel
International Investments |
35,902 |
|||
60,500 |
China
ZhengTong Auto Services Holdings Ltd.(b) |
33,832 |
|||
55,000 |
Dah Chong
Hong Holdings Ltd. |
34,229 |
|||
62,000 |
Digital China
Holdings Ltd. |
61,592 |
|||
202,000 |
Dongfeng
Motor Group Co. Ltd. |
275,370 |
|||
344,993 |
Geely
Automobile Holdings Ltd. |
129,799 |
|||
37,000 |
Golden Eagle
Retail Group Ltd. |
57,495 |
|||
753,991 |
GOME
Electrical Appliances Holding Ltd. |
126,296 |
|||
73,500 |
Great Wall
Motor Co. Ltd. |
335,251 |
|||
157,999 |
Guangzhou
Automobile Group Co. Ltd. |
146,577 |
|||
70,000 |
Haier
Electronics Group Co. Ltd. |
206,995 |
|||
141,199 |
Hengdeli
Holdings Ltd. |
29,109 |
|||
30,000 |
Hisense Kelon
Electrical Holdings Co. Ltd.(b) |
48,009 |
|||
1,511 |
Home Inns
& Hotels Management, Inc., ADR(b) |
56,617 |
|||
72,000 |
Intime Retail
Group Co. Ltd. |
73,475 |
|||
64,000 |
LI Ning Co.
Ltd.(a) (b) |
49,230 |
|||
46,000 |
Minth Group
Ltd. |
92,106 |
|||
66,000 |
Newocean
Energy Holdings Ltd. |
61,824 |
|||
97,500 |
Parkson
Retail Group Ltd. |
27,135 |
|||
499,993 |
REXLot
Holdings Ltd. |
72,798 |
|||
46,200 |
Shanghai
Pharmaceuticals Holding Co. Ltd. |
120,247 |
|||
32,999 |
Shenzhou
International Group Holdings Ltd. |
115,226 |
|||
133,999 |
Skyworth
Digital Holdings Ltd. |
68,372 |
|||
74,996 |
Springland
International Holdings Ltd. |
31,405 |
|||
154,999 |
Sun Art
Retail Group Ltd. |
176,148 |
|||
36,400 |
Weichai Power
Co. Ltd. |
137,420 |
|||
161,999 |
Xinyi Glass
Holdings Ltd.(a) |
144,026 |
|||
46,500 |
Zhongsheng
Group Holdings Ltd. |
66,745 |
|||
4,485,469 |
|||||
Consumer,
Non-cyclical - 9.3% |
|||||
684 |
51job, Inc.,
ADR(b) |
51,505 |
|||
164,000 |
Anxin-China
Holdings Ltd. |
35,500 |
|||
11,000 |
Biostime
International Holdings Ltd. |
98,150 |
See
notes to financial statements. |
16 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Consumer,
Non-cyclical continued |
|||||
159,999 |
China
Agri-Industries Holdings Ltd. |
$ |
68,650 |
||
69,000 |
China Huiyuan
Juice Group Ltd.(b) |
37,785 |
|||
76,495 |
China Medical
System Holdings Ltd. |
98,267 |
|||
93,999 |
China Mengniu
Dairy Co. Ltd. |
482,043 |
|||
236,989 |
China Modern
Dairy Holdings Ltd.(a) (b) |
116,341 |
|||
98,000 |
China
Pharmaceutical Group Ltd. |
88,390 |
|||
22,000 |
China
Shineway Pharmaceutical Group Ltd. |
34,129 |
|||
94,000 |
China Yurun
Food Group Ltd.(a) (b) |
56,925 |
|||
535,993 |
CP Pokphand
Co. Ltd. |
54,559 |
|||
16,000 |
Guangzhou
Baiyunshan Pharmaceutical Holdings Co. Ltd. |
51,643 |
|||
55,001 |
Hengan
International Group Co. Ltd. |
597,063 |
|||
86,000 |
Jiangsu
Expressway Co. Ltd. |
109,480 |
|||
6,227 |
Mindray
Medical International Ltd., ADR(a) |
217,571 |
|||
9,321 |
New Oriental
Education & Technology Group, Inc., ADR |
259,497 |
|||
136,001 |
Shandong
Weigao Group Medical Polymer Co. Ltd. |
173,483 |
|||
20,000 |
Shanghai
Fosun Pharmaceutical Group Co. Ltd. |
71,253 |
|||
82,000 |
Shenguan
Holdings Group Ltd.(a) |
34,233 |
|||
60,749 |
Shenzhen
International Holdings Ltd. |
79,214 |
|||
169,994 |
Sihuan
Pharmaceutical Holdings Group Ltd. |
205,674 |
|||
199,995 |
Sino
Biopharmaceutical |
185,795 |
|||
62,401 |
Sinopharm
Group Co. Ltd. |
173,268 |
|||
2,424 |
TAL Education
Group, ADR(b) |
57,497 |
|||
135,999 |
Tingyi Cayman
Islands Holding Corp. |
381,131 |
|||
21,000 |
Tong Ren Tang
Technologies Co. Ltd. |
73,463 |
|||
22,000 |
Tsingtao
Brewery Co. Ltd. |
165,403 |
|||
77,000 |
Uni-President
China Holdings Ltd.(a) |
76,890 |
|||
39,000 |
Vinda
International Holdings Ltd. |
62,110 |
|||
486,993 |
Want Want
China Holdings Ltd. |
740,431 |
|||
37,000 |
Wumart
Stores, Inc. |
43,812 |
|||
5,040 |
WuXi
PharmaTech Cayman, Inc., ADR(b) |
193,839 |
|||
99,999 |
Zhejiang
Expressway Co. Ltd. |
87,745 |
|||
5,262,739 |
|||||
Diversified
- 0.5% |
|||||
84,000 |
China
Merchants Holdings International Co. Ltd. |
298,181 |
|||
Energy
- 14.2% |
|||||
68,000 |
Anton
Oilfield Services Group |
46,963 |
|||
118,000 |
Beijing
Jingneng Clean Energy Co. Ltd. |
71,307 |
|||
289,993 |
China Coal
Energy Co. Ltd.(a) |
148,340 |
|||
175,999 |
China Gas
Holdings Ltd. |
276,208 |
|||
206,998 |
China
Longyuan Power Group Corp. |
246,977 |
|||
129,999 |
China
Oilfield Services Ltd. |
352,591 |
|||
1,807,183 |
China
Petroleum & Chemical Corp. |
1,604,356 |
|||
240,996 |
China Shenhua
Energy Co. Ltd. |
655,197 |
|||
95,000 |
China Suntien
Green Energy Corp. Ltd. |
40,272 |
|||
40,000 |
CIMC Enric
Holdings Ltd. |
61,538 |
|||
1,139,990 |
CNOOC
Ltd. |
1,868,391 |
535,995 |
GCL-Poly
Energy Holdings Ltd.(b) |
|
201,662 |
||
45,000 |
Hilong
Holding Ltd. |
33,050 |
|||
217,994 |
Kunlun Energy
Co. Ltd.(a) |
389,303 |
|||
1,495,986 |
PetroChina
Co. Ltd. |
1,576,741 |
|||
236,000 |
Shougang
Fushan Resources Group Ltd.(a) |
62,641 |
|||
82,500 |
Sinopec
Engineering Group Co. Ltd. |
102,898 |
|||
72,000 |
Sinopec
Kantons Holdings Ltd. |
78,855 |
|||
64,000 |
SPT Energy
Group, Inc. |
36,943 |
|||
5,263 |
Trina Solar
Ltd., ADR(a) (b) |
84,366 |
|||
273,994 |
United Energy
Group Ltd.(b) |
44,130 |
|||
137,999 |
Yanzhou Coal
Mining Co. Ltd.(a) |
99,040 |
|||
8,081,769 |
|||||
Financial
- 30.4% |
|||||
90,000 |
Agile
Property Holdings Ltd. |
76,884 |
|||
1,694,982 |
Agricultural
Bank of China Ltd. |
718,523 |
|||
4,859,965 |
Bank of China
Ltd. |
2,041,410 |
|||
567,993 |
Bank of
Communications Co. Ltd. |
364,462 |
|||
557,993 |
China Citic
Bank Corp. Ltd. |
299,809 |
|||
3,825,978 |
China
Construction Bank Corp. |
2,627,539 |
|||
64,000 |
China
Everbright Ltd. |
84,442 |
|||
527,995 |
China Life
Insurance Co. Ltd. |
1,544,312 |
|||
324,493 |
China
Merchants Bank Co. Ltd. |
569,458 |
|||
379,992 |
China
Minsheng Banking Corp. Ltd. |
377,982 |
|||
55,000 |
China
Overseas Grand Oceans Group Ltd. |
39,331 |
|||
271,995 |
China
Overseas Land & Investment Ltd. |
730,712 |
|||
137,400 |
China Pacific
Insurance Group Co. Ltd. |
471,806 |
|||
131,999 |
China
Resources Land Ltd. |
298,658 |
|||
162,000 |
China South
City Holdings Ltd. |
81,198 |
|||
64,800 |
China Taiping
Insurance Holdings Co. Ltd.(b) |
108,375 |
|||
176,994 |
Chongqing
Rural Commercial Bank |
73,890 |
|||
59,501 |
CITIC
Securities Co. Ltd. |
123,433 |
|||
120,000 |
COSCO Pacific
Ltd. |
160,803 |
|||
483,873 |
Country
Garden Holdings Co. Ltd. |
250,632 |
|||
4,623 |
E-House China
Holdings Ltd., ADR |
57,880 |
|||
419,994 |
Evergrande
Real Estate Group Ltd.(a) |
179,123 |
|||
105,000 |
Far East
Horizon Ltd. |
75,763 |
|||
185,998 |
Franshion
Properties China Ltd. |
57,757 |
|||
176,996 |
Glorious
Property Holdings Ltd.(b) |
26,455 |
|||
29,500 |
Greentown
China Holdings Ltd. |
38,618 |
|||
71,600 |
Guangzhou
R&F Properties Co. Ltd. |
97,053 |
|||
99,200 |
Haitong
Securities Co. Ltd. |
132,419 |
|||
58,000 |
Hopson
Development Holdings Ltd.(b) |
54,031 |
|||
4,296,973 |
Industrial
& Commercial Bank of China Ltd. |
2,574,513 |
|||
131,999 |
Kaisa Group
Holdings Ltd.(b) |
44,731 |
|||
90,499 |
KWG Property
Holding Ltd. |
45,826 |
|||
83,999 |
Longfor
Properties Co. Ltd. |
115,808 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
17 |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Financial
continued |
|||||
35,100 |
New China
Life Insurance Co. Ltd.(b) |
$ |
111,029 |
||
510,000 |
People’s
Insurance Co. Group of China Ltd. |
220,138 |
|||
299,995 |
PICC Property
& Casualty Co. Ltd. |
409,732 |
|||
136,000 |
Ping An
Insurance Group Co. of China Ltd. |
1,104,851 |
|||
136,999 |
Poly Property
Group Co. Ltd. |
62,665 |
|||
763,991 |
Renhe
Commercial Holdings Co. Ltd.(b) |
38,391 |
|||
34,000 |
Shanghai
Industrial Holdings Ltd. |
115,874 |
|||
149,999 |
Shenzhen
Investment Ltd. |
50,251 |
|||
88,499 |
Shimao
Property Holdings Ltd. |
177,886 |
|||
261,993 |
Shui On Land
Ltd. |
72,241 |
|||
277,993 |
Sino-Ocean
Land Holdings Ltd. |
147,574 |
|||
113,999 |
SOHO China
Ltd. |
86,369 |
|||
123,000 |
Sunac China
Holdings Ltd. |
65,137 |
|||
38,000 |
Yanlord Land
Group Ltd. (Singapore) |
33,599 |
|||
361,992 |
Yuexiu
Property Co. Ltd. |
74,627 |
|||
17,314,000 |
|||||
Industrial
- 6.3% |
|||||
51,482 |
AAC
Technologies Holdings, Inc.(a) |
233,163 |
|||
92,000 |
Anhui Conch
Cement Co. Ltd. |
335,470 |
|||
171,999 |
AviChina
Industry & Technology Co. Ltd. |
104,825 |
|||
84,500 |
BBMG
Corp. |
62,931 |
|||
102,000 |
Beijing
Capital International Airport Co. Ltd. |
77,278 |
|||
312,993 |
China
Communications Construction Co. Ltd. |
218,581 |
|||
186,499 |
China COSCO
Holdings Co. Ltd.(a) (b) |
80,261 |
|||
180,999 |
China
Everbright International Ltd. |
264,932 |
|||
88,000 |
China High
Speed Transmission Equipment Group Co. Ltd.(b) |
65,311 |
|||
42,500 |
China
International Marine Containers Group Co. Ltd. |
103,717 |
|||
66,000 |
China Lesso
Group Holdings Ltd. |
39,629 |
|||
51,000 |
China
Machinery Engineering Corp. |
37,259 |
|||
205,998 |
China
National Building Material Co. Ltd. |
196,415 |
|||
121,999 |
China Railway
Construction Corp. Ltd. |
101,233 |
|||
269,993 |
China Railway
Group Ltd. |
117,236 |
|||
126,000 |
China
Resources Cement Holdings Ltd. |
93,188 |
|||
236,494 |
China
Rongsheng Heavy Industries Group Holdings Ltd.(a) (b) |
46,622 |
|||
122,999 |
China
Shanshui Cement Group Ltd. |
43,424 |
|||
270,994 |
China
Shipping Container Lines Co. Ltd.(a) (b) |
67,041 |
|||
94,000 |
China
Shipping Development Co. Ltd.(b) |
61,164 |
|||
119,999 |
China State
Construction International Holdings Ltd.(a) |
205,641 |
|||
101,599 |
China
Zhongwang Holdings Ltd.(b) |
30,371 |
|||
127,999 |
CSR Corp.
Ltd. |
96,316 |
|||
24,600 |
Dongfang
Electric Corp. Ltd.(a) |
39,367 |
|||
102,000 |
Guangshen
Railway Co. Ltd. |
46,262 |
|||
45,000 |
Haitian
International Holdings Ltd. |
97,294 |
|||
50,000 |
Harbin
Electric Co. Ltd. |
31,439 |
78,000 |
Kingboard
Laminates Holdings Ltd. |
|
29,648 |
||
136,999 |
Lonking
Holdings Ltd.(b) |
27,184 |
|||
195,999 |
Metallurgical
Corp. of China Ltd.(b) |
33,083 |
|||
133,999 |
NVC Lighting
Holdings Ltd. |
36,948 |
|||
195,998 |
Shanghai
Electric Group Co. Ltd. |
66,923 |
|||
80,000 |
SITC
International Holdings Co. Ltd. |
36,387 |
|||
45,000 |
Sunny Optical
Technology Group Co. Ltd.(a) |
42,791 |
|||
200,000 |
Yangzijiang
Shipbuilding Holdings Ltd. (Singapore) |
179,206 |
|||
7,916 |
Yingli Green
Energy Holding Co. Ltd., ADR(a) (b) |
48,921 |
|||
34,999 |
Zhuzhou CSR
Times Electric Co. Ltd. |
110,935 |
|||
103,399 |
Zoomlion
Heavy Industry Science and Technology Co. Ltd.(a) |
77,139 |
|||
3,585,535 |
|||||
Technology
- 2.0% |
|||||
1,008,000 |
Hanergy Solar
Group Ltd.(b) |
140,270 |
|||
60,000 |
Ju Teng
International Holdings Ltd. |
45,767 |
|||
54,000 |
Kingsoft
Corp. Ltd.(a) |
183,686 |
|||
447,995 |
Lenovo Group
Ltd. |
477,951 |
|||
17,500 |
NetDragon
Websoft, Inc. |
37,566 |
|||
5,346 |
Pactera
Technology International Ltd., ADR(b) |
38,491 |
|||
1,593,983 |
Semiconductor
Manufacturing International Corp.(b) |
137,606 |
|||
67,000 |
Travelsky
Technology Ltd. |
67,595 |
|||
1,128,932 |
|||||
Utilities
- 3.1% |
|||||
36,500 |
Beijing
Enterprises Holdings Ltd. |
349,901 |
|||
277,993 |
Beijing
Enterprises Water Group Ltd.(a) |
199,153 |
|||
299,993 |
China Oil
& Gas Group Ltd. |
53,342 |
|||
169,999 |
China Power
International Development Ltd.(a) |
56,513 |
|||
58,000 |
China
Resources Gas Group Ltd. |
204,019 |
|||
125,999 |
China
Resources Power Holdings Co. Ltd. |
304,240 |
|||
231,996 |
Datang
International Power Generation Co. Ltd. |
93,264 |
|||
175,998 |
Guangdong
Investment Ltd. |
184,138 |
|||
100,000 |
Huadian Power
International Co. |
42,520 |
|||
223,994 |
Huaneng Power
International, Inc. |
200,009 |
|||
219,992 |
Huaneng
Renewables Corp. Ltd. |
96,092 |
|||
1,783,191 |
|||||
Total
Common Stocks - 99.9% |
|||||
(Cost
$57,626,185) |
56,843,851 |
||||
Investments
of Collateral for Securities Loaned - 4.6% |
|||||
2,607,528 |
BNY Mellon
Securities Lending Overnight Fund, 0.1057%(c) (d) |
||||
(Cost
$2,607,528) |
2,607,528 |
||||
Total
Investments - 104.5% |
|||||
(Cost
$60,233,713) |
59,451,379 |
||||
Liabilities
in excess of Other Assets - (4.5%) |
(2,576,686 |
) | |||
Net
Assets - 100.0% |
$ |
56,874,693 |
See
notes to financial statements. |
18 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
(a) |
Security, or
portion thereof, was on loan at February 28, 2014. |
(b) |
Non-income
producing security. |
(c) |
At February
28, 2014, the total market value of the Fund’s securities on loan was
$2,436,208 and the total market value of the collateral held by the Fund
was $2,615,799, consisting of cash collateral of $2,607,528 and U.S.
Government and Agency securities valued at $8,271. |
(d) |
Interest rate
shown reflects yield as of February 28, 2014. |
Securities are classified by sectors that represent broad groupings of related industries. |
% of
Long-Term |
||
Country
Breakdown |
Investments |
|
China |
99.7% |
|
Singapore |
0.3% |
%
of Long-Term |
||
Currency
Denomination |
Investments |
|
Hong Kong
Dollar |
87.5% |
|
United States
Dollar |
12.1% |
|
Singapore
Dollar |
0.4% |
|
Subject to
change daily. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
19 |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Long-Term
Investments - 99.5% |
|||||
Common
Stocks - 99.5% |
|||||
Basic
Materials - 1.7% |
|||||
700,316 |
Kingboard
Chemical Holdings Ltd. |
$ |
1,535,794 |
||
Communications
- 58.7% |
|||||
52,488 |
21Vianet
Group, Inc., ADR(a) |
1,364,163 |
|||
42,743 |
Baidu, Inc.,
ADR(a) |
7,306,061 |
|||
18,988 |
Bitauto
Holdings Ltd., ADR(a) |
759,520 |
|||
620,000 |
BYD
Electronic International Co. Ltd. |
360,286 |
|||
778,029 |
China All
Access Holdings Ltd. |
331,821 |
|||
4,648,000 |
China Public
Procurement Ltd.(a) |
269,500 |
|||
855,526 |
Comba Telecom
Systems Holdings Ltd.(b) |
286,606 |
|||
1,312,038 |
Coolpad Group
Ltd. |
880,772 |
|||
316,003 |
DBA
Telecommunication Asia Holdings Ltd.(a) (c) (d) |
26,059 |
|||
111,341 |
Giant
Interactive Group, Inc., ADR |
1,267,061 |
|||
44,637 |
NetEase,
Inc., ADR |
3,087,541 |
|||
34,507 |
Perfect World
Co. Ltd., ADR |
780,548 |
|||
33,078 |
Phoenix New
Media Ltd., ADR(a) (b) |
356,581 |
|||
72,227 |
Qihoo 360
Technology Co. Ltd., ADR(a) |
7,917,524 |
|||
126,552 |
Renren, Inc.,
ADR(a) (b) |
456,853 |
|||
62,037 |
SINA
Corp.(a) |
4,238,988 |
|||
30,889 |
Sohu.com,
Inc.(a) |
2,625,256 |
|||
16,799 |
SouFun
Holdings Ltd., ADR |
1,323,425 |
|||
598,016 |
TCL
Communication Technology Holdings Ltd. |
658,037 |
|||
133,103 |
Tencent
Holdings Ltd. |
10,675,955 |
|||
3,044,000 |
VODone
Ltd.(b) |
470,658 |
|||
110,611 |
Youku Tudou,
Inc., ADR(a) |
3,671,179 |
|||
14,173 |
YY, Inc.,
ADR(a) |
1,067,085 |
|||
651,019 |
ZTE
Corp. |
1,379,034 |
|||
51,560,513 |
|||||
Consumer,
Cyclical - 1.1% |
|||||
939,033 |
Digital China
Holdings Ltd. |
932,856 |
|||
Consumer,
Non-cyclical - 0.9% |
|||||
2,504,054 |
Anxin-China
Holdings Ltd. |
542,042 |
|||
48,779 |
iSoftStone
Holdings Ltd., ADR(a) (b) |
248,285 |
|||
790,327 |
|||||
Energy
- 6.2% |
|||||
7,845,163 |
GCL-Poly
Energy Holdings Ltd.(a) (b) |
2,951,647 |
|||
31,535 |
JA Solar
Holdings Co. Ltd., ADR(a) |
323,549 |
|||
20,360 |
JinkoSolar
Holding Co. Ltd., ADR(a) (b) |
666,179 |
|||
76,358 |
ReneSola
Ltd., ADR(a) (b) |
290,924 |
|||
76,757 |
Trina Solar
Ltd., ADR(a) (b) |
1,230,415 |
|||
5,462,714 |
Industrial
- 8.3% |
|||||
680,006 |
AAC
Technologies Holdings, Inc.(b) |
|
3,079,765 |
||
1,986,054 |
China
Aerospace International Holdings Ltd. |
209,838 |
|||
578,000 |
China High
Precision Automation Group Ltd.(c) (d) |
38,280 |
|||
1,866,048 |
Hi Sun
Technology China Ltd.(a) |
603,498 |
|||
1,120,033 |
Kingboard
Laminates Holdings Ltd. |
425,728 |
|||
662,000 |
Sunny Optical
Technology Group Co. Ltd.(b) |
629,497 |
|||
934,005 |
Tech Pro
Technology Development Ltd.(a) |
471,753 |
|||
1,470,037 |
Truly
International Holdings Ltd.(b) |
795,531 |
|||
466,014 |
Wasion Group
Holdings Ltd. |
274,407 |
|||
116,249 |
Yingli Green
Energy Holding Co. Ltd., ADR(a) (b) |
718,419 |
|||
7,246,716 |
|||||
Technology
- 22.6% |
|||||
27,294 |
AutoNavi
Holdings Ltd., ADR(a) |
567,988 |
|||
11,225 |
Changyou.com
Ltd., ADR(a) (b) |
328,219 |
|||
1,066,000 |
China ITS
Holdings Co. Ltd. |
233,499 |
|||
1,162,008 |
Chinasoft
International Ltd.(a) |
353,346 |
|||
14,728,262 |
Hanergy Solar
Group Ltd.(a) (b) |
2,049,532 |
|||
914,030 |
Ju Teng
International Holdings Ltd. |
697,207 |
|||
1,502,040 |
Kingdee
International Software Group Co. Ltd. |
545,771 |
|||
769,022 |
Kingsoft
Corp. Ltd.(b) |
2,615,907 |
|||
5,252,081 |
Lenovo Group
Ltd. |
5,603,266 |
|||
267,012 |
NetDragon
Websoft, Inc.(b) |
573,172 |
|||
31,353 |
NQ Mobile,
Inc., ADR(a) (b) |
608,562 |
|||
78,504 |
Pactera
Technology International Ltd., ADR(a) |
565,229 |
|||
613,000 |
PAX Global
Technology Ltd.(a) |
281,974 |
|||
25,889 |
RDA
Microelectronics, Inc., ADR |
467,555 |
|||
23,239,375 |
Semiconductor
Manufacturing International Corp.(a) (b) |
2,006,221 |
|||
68,069 |
Shanda Games
Ltd., ADR(a) (b) |
450,617 |
|||
842,000 |
Shunfeng
Photovoltaic International Ltd.(a) |
759,433 |
|||
912,031 |
TPV
Technology Ltd. |
195,073 |
|||
970,032 |
Travelsky
Technology Ltd. |
978,650 |
|||
19,881,221 |
|||||
Total
Common Stocks - 99.5% |
|||||
(Cost
$70,276,554) |
87,410,141 |
||||
Investments
of Collateral for Securities Loaned - 15.9% |
|||||
13,953,237 |
BNY Mellon
Securities Lending Overnight Fund, 0.1057%(e) (f) |
||||
(Cost
$13,953,237) |
13,953,237 |
||||
Total
Investments - 115.4% |
|||||
(Cost
$84,229,791) |
101,363,378 |
||||
Liabilities
in excess of Other Assets - (15.4%) |
(13,526,795 |
) | |||
Net
Assets - 100.0% |
$ |
87,836,583 |
See
notes to financial statements. |
20 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
(a) |
Non-income
producing security. |
(b) |
Security, or
portion thereof, was on loan at February 28, 2014. |
(c) |
Security is
valued in accordance with Fair Valuation procedures established in good
faith by management and approved by the Board of Trustees. The total
market value of such securities is $64,339 which represents 0.1% of net
assets. |
(d) |
Illiquid
security. |
(e) |
At February
28, 2014, the total market value of the Fund’s securities on loan was
$13,146,306 and the total market value of the collateral held by the Fund
was $13,953,237. |
(f) |
Interest rate
shown reflects yield as of February 28, 2014. |
Securities are classified by sectors that represent broad groupings of related industries. |
%
of Long-Term |
||
Country
Breakdown |
Investments |
|
China |
100.0% |
%
of Long-Term |
||
Currency
Denomination |
Investments |
|
Hong Kong
Dollar |
51.2% |
|
United States
Dollar |
48.8% |
|
Subject to
change daily. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
21 |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Common
Stocks - 99.5% |
|||||
Bermuda
- 6.8% |
|||||
13,081,245 |
China Singyes
Solar Technologies Holdings Ltd.(a) |
$ |
15,894,259 |
||
138,417,069 |
Hanergy Solar
Group Ltd.(a) (b) |
19,261,625 |
|||
35,155,884 |
|||||
British
Virgin Islands - 2.7% |
|||||
3,697,619 |
ReneSola
Ltd., ADR(a) (b) |
14,087,928 |
|||
Canada
- 6.9% |
|||||
2,698,418 |
5n Plus,
Inc.(b) |
9,555,805 |
|||
631,685 |
Canadian
Solar, Inc.(a) (b) |
26,429,701 |
|||
35,985,506 |
|||||
Cayman
Islands - 28.6% |
|||||
34,372,000 |
Comtec Solar
Systems Group Ltd.(a) (b) |
6,466,022 |
|||
156,371 |
Daqo New
Energy Corp., ADR(a) (b) |
7,146,155 |
|||
80,428,348 |
GCL-Poly
Energy Holdings Ltd.(a) (b) |
30,260,181 |
|||
2,193,961 |
Hanwha
SolarOne Co. Ltd., ADR(a) (b) |
6,691,581 |
|||
1,532,870 |
JA Solar
Holdings Co. Ltd., ADR(a) (b) |
15,727,246 |
|||
589,533 |
JinkoSolar
Holding Co. Ltd., ADR(a) (b) |
19,289,520 |
|||
19,850,000 |
Shunfeng
Photovoltaic International Ltd.(b) |
17,903,505 |
|||
1,431,677 |
Trina Solar
Ltd., ADR(a) (b) |
22,949,782 |
|||
3,641,519 |
Yingli Green
Energy Holding Co. Ltd., ADR(a) (b) |
22,504,587 |
|||
148,938,579 |
|||||
Germany
- 4.8% |
|||||
416,531 |
SMA Solar
Technology AG(a) |
24,970,551 |
|||
Norway
- 11.3% |
|||||
46,338,423 |
Renewable
Energy Corp. Silicon ASA(b) |
34,543,048 |
|||
1,220,974 |
Renewable
Energy Corp. Solar ASA(b) |
24,150,462 |
|||
58,693,510 |
|||||
Switzerland
- 5.9% |
|||||
1,613,800 |
Meyer Burger
Technology AG(a) (b) |
30,506,097 |
|||
United
States - 32.5% |
|||||
706,253 |
Advanced
Energy Industries, Inc.(b) |
19,379,582 |
|||
569,988 |
Enphase
Energy, Inc.(a) (b) |
4,599,803 |
|||
479,886 |
First Solar,
Inc.(b) |
27,387,094 |
|||
2,115,494 |
GT Advanced
Technologies, Inc.(a) (b) |
30,315,029 |
|||
424,816 |
SolarCity
Corp.(a) (b) |
36,092,368 |
|||
1,650,539 |
SunEdison,
Inc.(b) |
30,303,896 |
|||
637,477 |
SunPower
Corp.(a) (b) |
21,119,613 |
|||
169,197,385 |
|||||
Total
Common Stocks - 99.5% |
|||||
(Cost
$400,781,885) |
517,535,440 |
||||
Investments
of Collateral for Securities Loaned - 36.4% |
|||||
189,254,214 |
BNY Mellon
Securities Lending Overnight Fund, 0.1057%(c) (d) |
||||
(Cost
$189,254,214) |
189,254,214 |
||||
Total
Investments - 135.9% |
|||||
(Cost
$590,036,099) |
706,789,654 |
||||
Liabilities
in excess of Other Assets - (35.9%) |
(186,567,567 |
) | |||
Net
Assets - 100.0% |
$ |
520,222,087 |
(a) |
Security, or
portion thereof, was on loan at February 28, 2014. |
(b) |
Non-income
producing security. |
(c) |
At February
28, 2014, the total market value of the Fund’s securities on loan was
$183,411,295 and the total market value of the collateral held by the Fund
was $193,955,367, consisting of cash collateral of $189,254,214 and U.S.
Government and Agency securities valued at $4,701,153. |
(d) |
Interest rate
shown reflects yield as of February 28,
2014. |
%
of Long-Term |
||
Country
Breakdown |
Investments |
|
United
States |
32.7% |
|
Cayman
Islands |
28.8% |
|
Norway |
11.3% |
|
Canada |
7.0% |
|
Bermuda |
6.8% |
|
Switzerland |
5.9% |
|
Germany |
4.8% |
|
British
Virgin Islands |
2.7% |
%
of Long-Term |
||
Currency
Denomination |
Investments |
|
United States
Dollar |
58.7% |
|
Hong Kong
Dollar |
17.4% |
|
Norwegian
Krone |
11.3% |
|
Swiss
Franc |
5.9% |
|
Euro |
4.8% |
|
Canadian
Dollar |
1.9% |
|
Subject to
change daily. |
See
notes to financial statements. |
22 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
Number |
|||||
of
Shares |
Description |
Value |
|||
Long-Term
Investments - 99.9% |
|||||
Common
Stocks - 99.8% |
|||||
Austria
- 2.4% |
|||||
122,231 |
Andritz
AG |
$ |
7,687,192 |
||
Bermuda
- 1.7% |
|||||
7,640,000 |
Beijing
Enterprises Water Group Ltd.(a) |
5,473,280 |
|||
Brazil
- 2.1% |
|||||
727,446 |
Cia de
Saneamento Basico do Estado de Sao Paulo, ADR |
6,743,425 |
|||
China
- 4.0% |
|||||
4,669,000 |
China
Everbright International Ltd. |
6,834,106 |
|||
5,298,000 |
Guangdong
Investment Ltd. |
5,543,034 |
|||
9,140,000 |
Interchina
Holdings Co.(b) |
577,061 |
|||
12,954,201 |
|||||
Finland
- 0.8% |
|||||
163,641 |
Kemira
OYJ |
2,535,864 |
|||
France
- 8.3% |
|||||
616,489 |
Suez
Environnement Co. |
12,329,201 |
|||
759,637 |
Veolia
Environnement SA |
14,384,163 |
|||
26,713,364 |
|||||
Israel
- 1.8% |
|||||
681,536 |
Israel
Chemicals Ltd. |
5,764,551 |
|||
Italy
- 1.5% |
|||||
1,141,555 |
Hera
SpA |
2,918,397 |
|||
129,748 |
Interpump
Group SpA |
1,815,311 |
|||
4,733,708 |
|||||
Japan
- 3.2% |
|||||
984,000 |
Ebara
Corp. |
6,632,949 |
|||
176,600 |
Kurita Water
Industries Ltd. |
3,716,620 |
|||
10,349,569 |
|||||
Netherlands
- 3.2% |
|||||
154,755 |
Aalberts
Industries NV |
5,235,560 |
|||
131,454 |
Arcadis
NV |
4,974,683 |
|||
10,210,243 |
|||||
Singapore
- 0.3% |
|||||
961,000 |
United
Envirotech Ltd. |
940,744 |
|||
South
Korea - 2.2% |
|||||
113,164 |
Coway Co.
Ltd. |
7,240,376 |
|||
Spain
- 0.7% |
|||||
104,709 |
Fomento de
Construcciones y Contratas SA(b) |
2,387,658 |
|||
Sweden
- 4.3% |
|||||
510,608 |
Alfa Laval
AB |
13,869,911 |
|||
Switzerland
- 15.7% |
|||||
62,105 |
Geberit
AG |
19,503,001 |
|||
317,451 |
Pentair
Ltd. |
25,653,215 |
|||
38,435 |
Sulzer
AG |
5,432,740 |
|||
50,588,956 |
United
Kingdom - 17.7% |
|||||
629,976 |
Halma
PLC |
|
6,440,047 |
||
782,834 |
Pennon Group
PLC |
9,747,511 |
|||
139,913 |
Rotork
PLC |
6,288,572 |
|||
509,354 |
Severn Trent
PLC |
15,791,620 |
|||
1,459,431 |
United
Utilities Group PLC |
19,064,917 |
|||
57,332,667 |
|||||
United
States - 29.9% |
|||||
82,531 |
Aegion
Corp.(b) |
1,910,593 |
|||
81,275 |
American
States Water Co. |
2,440,688 |
|||
374,496 |
American
Water Works Co., Inc. |
16,792,401 |
|||
373,821 |
Aqua America,
Inc. |
9,416,551 |
|||
22,893 |
Badger Meter,
Inc. |
1,257,284 |
|||
86,213 |
Calgon Carbon
Corp.(b) |
1,735,468 |
|||
100,803 |
California
Water Service Group |
2,369,878 |
|||
53,322 |
Compass
Minerals International, Inc. |
4,551,033 |
|||
23,439 |
Connecticut
Water Service, Inc. |
769,737 |
|||
207,145 |
Danaher
Corp. |
15,844,521 |
|||
62,198 |
Franklin
Electric Co., Inc. |
2,711,211 |
|||
30,185 |
Gorman-Rupp
Co. |
950,827 |
|||
132,139 |
IDEX
Corp. |
9,919,675 |
|||
61,713 |
Itron,
Inc.(b) |
2,159,955 |
|||
42,346 |
Layne
Christensen Co.(b) |
752,065 |
|||
20,299 |
Lindsay
Corp.(a) |
1,722,573 |
|||
254,620 |
Mueller Water
Products, Inc., Class A |
2,457,083 |
|||
25,219 |
Nuverra
Environmental Solutions, Inc.(a) (b) |
428,723 |
|||
138,205 |
Tetra Tech,
Inc.(b) |
3,991,360 |
|||
45,617 |
Watts Water
Technologies, Inc., Class A |
2,810,919 |
|||
297,274 |
Xylem,
Inc. |
11,697,732 |
|||
96,690,277 |
|||||
Total
Common Stocks - 99.8% |
|||||
(Cost
$235,258,990) |
322,215,986 |
||||
Exchange
Traded Fund - 0.1% |
|||||
7,640 |
PowerShares
Water Resources Portfolio(a) |
||||
(Cost
$197,907) |
204,828 |
||||
Total
Long-Term Investments - 99.9% |
|||||
(Cost
$235,456,897) |
322,420,814 |
||||
Investments
of Collateral for Securities Loaned - 2.0% |
|||||
6,620,825 |
BNY Mellon
Securities Lending Overnight Fund, 0.1057%(c) (d) |
||||
(Cost
$6,620,825) |
6,620,825 |
||||
Total
Investments - 101.9% |
|||||
(Cost
$242,077,722) |
329,041,639 |
||||
Liabilities
in excess of Other Assets - (1.9%) |
(6,181,395 |
) | |||
Net
Assets - 100.0% |
$ |
322,860,244 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
23 |
PORTFOLIO
OF INVESTMENTS (Unaudited) continued |
February 28,
2014 |
(a) |
Security, or
portion thereof, was on loan at February 28, 2014. |
(b) |
Non-income
producing security. |
(c) |
At February
28, 2014, the total market value of the Fund’s securities on loan was
$6,092,991 and the total market value of the collateral held by the Fund
was $6,620,825. |
(d) |
Interest rate
shown reflects yield as of February 28,
2014. |
%
of Long-Term |
||
Country
Breakdown |
Investments |
|
United
States |
30.0% |
|
United
Kingdom |
17.8% |
|
Switzerland |
15.7% |
|
France |
8.3% |
|
Sweden |
4.3% |
|
China |
4.0% |
|
Japan |
3.2% |
|
Netherlands |
3.2% |
|
Austria |
2.4% |
|
South
Korea |
2.2% |
|
Brazil |
2.1% |
|
Israel |
1.8% |
|
Bermuda |
1.7% |
|
Italy |
1.5% |
|
Finland |
0.8% |
|
Spain |
0.7% |
|
Singapore |
0.3% |
%
of Long-Term |
||
Currency
Denomination |
Investments |
|
United States
Dollar |
41.9% |
|
Pound
Sterling |
17.8% |
|
Euro |
16.8% |
|
Swiss
Franc |
7.7% |
|
Hong Kong
Dollar |
5.7% |
|
All other
currencies |
10.1% |
|
Subject to
change daily. |
See
notes to financial statements. |
24 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
STATEMENT
OF ASSETS AND LIABILITIES (Unaudited) |
February
28, 2014 |
Guggenheim
China
All-Cap
ETF
(YAO |
) |
Guggenheim
China
Technology
ETF
(CQQQ |
) |
Guggenheim
Solar
ETF
(TAN |
) |
Guggenheim
S&P
Global
Water
Index
ETF
(CGW |
) | |||||||||
Assets |
||||||||||||||||
Investments
in securities, at value |
||||||||||||||||
(including
securities on loan) |
$ | 59,451,379 | $ | 101,363,378 | $ | 706,789,654 | $ | 329,041,639 | ||||||||
Foreign
currency, at value |
2,224 | — | — | — | ||||||||||||
Cash |
45,929 | 371,446 | 489,413 | 24,340 | ||||||||||||
Receivables: |
||||||||||||||||
Dividends |
7,151 | 65,950 | — | 540,948 | ||||||||||||
Fund shares
sold |
— | — | 24,512 | 58,757 | ||||||||||||
Investments
sold |
— | — | 1,868,502 | — | ||||||||||||
Securities
lending income |
4,826 | 33,113 | 582,870 | 7,795 | ||||||||||||
Tax
reclaims |
— | — | 70,616 | 79,914 | ||||||||||||
Other
assets |
— | — | 397 | 1,709 | ||||||||||||
Total
assets |
59,511,509 | 101,833,887 | 709,825,964 | 329,755,102 | ||||||||||||
Liabilities |
||||||||||||||||
Custodian
bank |
— | — | — | 19 | ||||||||||||
Payables: |
||||||||||||||||
Administration
fee payable |
— | — | 5,977 | 5,802 | ||||||||||||
Collateral
for securities on loan |
2,607,528 | 13,953,237 | 189,254,214 | 6,620,825 | ||||||||||||
Investments
purchased |
— | — | — | 53,023 | ||||||||||||
Accrued
advisory fees |
29,288 | 44,067 | 155,536 | 116,293 | ||||||||||||
Accrued
expenses |
— | — | 188,150 | 98,896 | ||||||||||||
Total
liabilities |
2,636,816 | 13,997,304 | 189,603,877 | 6,894,858 | ||||||||||||
Net
Assets |
$ | 56,874,693 | $ | 87,836,583 | $ | 520,222,087 | $ | 322,860,244 | ||||||||
Composition
of Net Assets |
||||||||||||||||
Paid-in
capital |
$ | 65,183,093 | $ | 83,277,826 | $ | 659,468,964 | $ | 326,204,921 | ||||||||
Accumulated
undistributed net investment income (loss) |
(156,867 | ) | 25,863 | (431,672 | ) | 290,391 | ||||||||||
Accumulated
net realized gain (loss) on investments and currency
transactions |
(7,369,199 | ) | (12,600,689 | ) | (255,572,200 | ) | (90,603,653 | ) | ||||||||
Net
unrealized appreciation (depreciation) on investments and currency
translation |
(782,334 | ) | 17,133,583 | 116,756,995 | 86,968,585 | |||||||||||
Net
Assets |
$ | 56,874,693 | $ | 87,836,583 | $ | 520,222,087 | $ | 322,860,244 | ||||||||
Shares
outstanding ($0.01 par value with unlimited amount
authorized) |
2,200,000 | 2,350,000 | 11,128,000 | 11,160,000 | ||||||||||||
Net Asset
Value Per Share |
$ | 25.85 | $ | 37.38 | $ | 46.75 | $ | 28.93 | ||||||||
Investments
in securities, at cost |
$ | 60,233,713 | $ | 84,229,791 | $ | 590,036,099 | $ | 242,077,722 | ||||||||
Foreign
currency, at cost |
$ | 2,224 | $ | — | $ | — | $ | — | ||||||||
Securities on
loan, at value |
$ | 2,436,208 | $ | 13,146,306 | $ | 183,411,295 | $ | 6,092,991 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
25 |
STATEMENT OF OPERATIONS
For the six months ended February 28, 2014
(Unaudited) |
February 28,
2014 |
Guggenheim
China
All-Cap ETF
(YAO |
) |
Guggenheim
China
Technology
ETF
(CQQQ |
) |
Guggenheim
Solar
ETF
(TAN |
) |
Guggenheim
S&P
Global
Water
Index
ETF
(CGW |
) | |||||||||
Investment
Income |
||||||||||||||||
Dividend
income |
$ | 285,064 | $ | 465,818 | $ | — | $ | 1,888,352 | ||||||||
Foreign taxes
withheld |
(17,759 | ) | — | — | (27,390 | ) | ||||||||||
Net dividend
income |
267,305 | 465,818 | — | 1,860,962 | ||||||||||||
Net
securities lending income |
24,797 | 122,982 | 3,284,467 | 36,624 | ||||||||||||
Total
investment income |
292,102 | 588,800 | 3,284,467 | 1,897,586 | ||||||||||||
Expenses |
||||||||||||||||
Advisory fee
<Note 3> |
177,599 | 201,704 | 821,075 | 722,107 | ||||||||||||
Administration
fee |
— | — | 40,215 | 36,323 | ||||||||||||
Custodian
fee |
— | — | 53,547 | 43,880 | ||||||||||||
Licensing |
— | — | 233,926 | 72,211 | ||||||||||||
Listing fee
and expenses |
— | — | 2,500 | 2,500 | ||||||||||||
Printing
expenses |
— | — | 12,837 | 18,847 | ||||||||||||
Professional
fees |
— | — | 17,025 | 17,296 | ||||||||||||
Registration
& filings |
— | — | 6,717 | 564 | ||||||||||||
Trustees’
fees and expenses |
— | — | 3,910 | 3,843 | ||||||||||||
Miscellaneous |
— | — | 9,539 | 11,263 | ||||||||||||
Total
expenses |
177,599 | 201,704 | 1,201,291 | 928,834 | ||||||||||||
Advisory fees
waived |
— | — | (51,785 | ) | — | |||||||||||
Net
expenses |
177,599 | 201,704 | 1,149,506 | 928,834 | ||||||||||||
Net
Investment Income |
114,503 | 387,096 | 2,134,961 | 968,752 | ||||||||||||
Realized
and Unrealized Gain (Loss) |
||||||||||||||||
Net realized
gain (loss) on: |
||||||||||||||||
Investments |
(515,571 | ) | (2,471,831 | ) | (13,462,232 | ) | (3,440,985 | ) | ||||||||
In-kind
transactions |
536,706 | — | 67,717,304 | 6,451,536 | ||||||||||||
Foreign
currency transactions |
(15 | ) | 436 | (128,942 | ) | (6,241 | ) | |||||||||
Net realized
gain (loss) |
21,120 | (2,471,395 | ) | 54,126,130 | 3,004,310 | |||||||||||
Net change in
unrealized appreciation (depreciation) on |
||||||||||||||||
Investments |
2,961,477 | 13,718,309 | 90,271,589 | 54,533,487 | ||||||||||||
Foreign
currency translation |
3 | (4 | ) | 3,957 | 14,028 | |||||||||||
Net change in
unrealized appreciation |
2,961,480 | 13,718,305 | 90,275,546 | 54,547,515 | ||||||||||||
Net realized
and unrealized gain |
2,982,600 | 11,246,910 | 144,401,676 | 57,551,825 | ||||||||||||
Net
Increase in Net Assets Resulting from Operations |
$ | 3,097,103 | $ | 11,634,006 | $ | 146,536,637 | $ | 58,520,577 |
See
notes to financial statements. |
26 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
STATEMENTS
OF CHANGES IN NET ASSETS |
February 28,
2014 |
Guggenheim
China
All-Cap
ETF
(YAO) |
Guggenheim
China
Technology
ETF
(CQQQ) |
|||||||||||||||
For
the Six
Months
Ended
February
28, 2014
(Unaudited) |
For
the Year
Ended
August
31, 2013 |
For
the Six
Months
Ended
February
28, 2014
(Unaudited) |
For
the Year
Ended
August
31, 2013 |
|||||||||||||
Increase
in Net Assets Resulting from Operations |
||||||||||||||||
Net
investment income |
$ | 114,503 | $ | 1,031,981 | $ | 387,096 | $ | 224,248 | ||||||||
Net realized
gain (loss) |
21,120 | (1,715,829 | ) | (2,471,395 | ) | (2,820,510 | ) | |||||||||
Net change in
unrealized appreciation |
2,961,480 | 8,052,006 | 13,718,305 | 10,314,668 | ||||||||||||
Net increase
in net assets resulting from operations |
3,097,103 | 7,368,158 | 11,634,006 | 7,718,406 | ||||||||||||
Distributions
to Shareholders |
||||||||||||||||
From net
investment income |
(972,000 | ) | (1,234,200 | ) | (538,200 | ) | (340,800 | ) | ||||||||
Capital
Share Transactions |
||||||||||||||||
Proceeds from
sale of shares |
13,240,855 | 7,791,009 | 54,577,244 | 1,191,909 | ||||||||||||
Cost of
shares redeemed |
(5,295,492 | ) | (16,943,060 | ) | — | (3,435,272 | ) | |||||||||
Net increase
(decrease) from capital share transactions |
7,945,363 | (9,152,051 | ) | 54,577,244 | (2,243,363 | ) | ||||||||||
Total
increase (decrease) in net assets |
10,070,466 | (3,018,093 | ) | 65,673,050 | 5,134,243 | |||||||||||
Net
Assets |
||||||||||||||||
Beginning of
period |
46,804,227 | 49,822,320 | 22,163,533 | 17,029,290 | ||||||||||||
End of
period |
$ | 56,874,693 | $ | 46,804,227 | $ | 87,836,583 | $ | 22,163,533 | ||||||||
Accumulated
undistributed net investment income (loss) at end of
period |
$ | (156,867 | ) | $ | 700,630 | $ | 25,863 | $ | 176,967 | |||||||
Changes
in Shares Outstanding |
||||||||||||||||
Shares
sold |
500,000 | 300,000 | 1,600,000 | 50,000 | ||||||||||||
Shares
redeemed |
(200,000 | ) | (700,000 | ) | — | (150,000 | ) | |||||||||
Shares
outstanding, beginning of period |
1,900,000 | 2,300,000 | 750,000 | 850,000 | ||||||||||||
Shares
outstanding, end of period |
2,200,000 | 1,900,000 | 2,350,000 | 750,000 |
See
notes to financial statements. |
28 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
February
28, 2014 |
Guggenheim
Solar ETF
(TAN) |
Guggenheim
S&P
Global
Water Index ETF
(CGW) |
|||||||||||
For
the Six
Months
Ended
February
28, 2014
(Unaudited) |
For
the Year
Ended
August
31, 2013 |
For
the Six
Months
Ended
February
28, 2014
(Unaudited) |
For
the Year
Ended
August
31, 2013 |
|||||||||
$ |
2,134,961 |
$ |
2,136,812 |
$ |
968,752 |
$ |
4,806,368 |
|||||
54,126,130 |
(72,082,305 |
) |
3,004,310 |
221,323 |
||||||||
90,275,546 |
114,704,097 |
54,547,515 |
25,757,960 |
|||||||||
146,536,637 |
44,758,604 |
58,520,577 |
30,785,651 |
|||||||||
(3,755,928 |
) |
(4,112,512 |
) |
(4,754,400 |
) |
(4,203,320 |
) | |||||
355,146,300 |
104,354,504 |
32,652,399 |
37,729,948 |
|||||||||
(147,854,683 |
) |
(17,843,212 |
) |
(16,927,042 |
) |
(10,490,796 |
) | |||||
207,291,617 |
86,511,292 |
15,725,357 |
27,239,152 |
|||||||||
350,072,326 |
127,157,384 |
69,491,534 |
53,821,483 |
|||||||||
170,149,761 |
42,992,377 |
253,368,710 |
199,547,227 |
|||||||||
$ |
520,222,087 |
$ |
170,149,761 |
$ |
322,860,244 |
$ |
253,368,710 |
|||||
$ |
(431,672 |
) |
$ |
1,189,295 |
$ |
290,391 |
$ |
4,076,039 |
||||
8,960,000 |
4,560,000 |
1,200,000 |
1,600,000 |
|||||||||
(4,080,000 |
) |
(880,000 |
) |
(640,000 |
) |
(480,000 |
) | |||||
6,248,000 |
2,568,000 |
10,600,000 |
9,480,000 |
|||||||||
11,128,000 |
6,248,000 |
11,160,000 |
10,600,000 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
29 |
FINANCIAL
HIGHLIGHTS |
February 28,
2014 |
Per
share operating performance
for
a share outstanding throughout the period |
For
the
Six
Months Ended
February
28, 2014
(unaudited) |
For
the
Year
Ended
August
31, 2013 |
For
the
Year
Ended
August
31, 2012 |
For
the
Year
Ended
August
31, 2011 |
For
the Period
October
19, 2009
through
August
31, 2010 |
*
| ||||||||||
Net
asset value, beginning of period |
$ |
24.63 |
$ |
21.66 |
$ |
25.04 |
$ |
24.56 |
$ |
24.82 |
||||||
Income
from investment operations |
||||||||||||||||
Net
investment income (a) |
0.06 |
0.46 |
0.52 |
0.41 |
0.22 |
|||||||||||
Net realized
and unrealized gain (loss) |
1.65 |
3.07 |
(3.32 |
) |
0.35 |
(0.48 |
) | |||||||||
Total from
investment operations |
1.71 |
3.53 |
(2.80 |
) |
0.76 |
(0.26 |
) | |||||||||
Distributions
to shareholders |
||||||||||||||||
From and in
excess of net investment income |
(0.49 |
) |
(0.56 |
) |
(0.58 |
) |
(0.28 |
) |
— |
|||||||
Net asset
value, end of period |
$ |
25.85 |
$ |
24.63 |
$ |
21.66 |
$ |
25.04 |
$ |
24.56 |
||||||
Market value,
end of period |
$ |
25.57 |
$ |
24.49 |
$ |
21.76 |
$ |
25.07 |
$ |
24.55 |
||||||
Total
return (b) |
||||||||||||||||
Net asset
value |
6.85 |
% |
16.25 |
% |
-11.17 |
% |
3.01 |
% |
-1.05 |
% | ||||||
Ratios
and supplemental data |
||||||||||||||||
Net assets,
end of period (thousands) |
$ |
56,875 |
$ |
46,804 |
$ |
49,822 |
$ |
72,607 |
$ |
61,402 |
||||||
Ratio of net
expenses to average net assets |
0.70 |
%(c) |
0.70 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
%(c) | ||||||
Ratio of net
investment income to average net assets |
0.45 |
%(c) |
1.92 |
% |
2.25 |
% |
1.50 |
% |
1.02 |
%(c) | ||||||
Portfolio
turnover rate (d) |
10 |
% |
16 |
% |
12 |
% |
16 |
% |
11 |
% |
* |
Commencement
of investment operations. |
(a) |
Based on
average shares outstanding during the period. |
(b) |
Total
investment return is calculated assuming a purchase of a common share at
the beginning of the period and a sale on the last day of the period
reported at net asset value (“NAV”). Dividends and distributions are
assumed to be reinvested at NAV. Total investment return does not reflect
brokerage commissions. A return calculated for a period of less than one
year is not annualized. |
(c) |
Annualized. |
(d) |
Portfolio
turnover is not annualized for periods less than one year and does not
include securities received or delivered from processing creations or
redemptions. |
See
notes to financial statements. |
30 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
FINANCIAL
HIGHLIGHTS continued |
February 28,
2014 |
Per
share operating performance
for
a share outstanding throughout the period |
For
the
Six
Months Ended
February
28, 2014
(unaudited) |
For
the
Year
Ended
August
31, 2013 |
For
the
Year
Ended
August
31, 2012 |
For
the
Year
Ended
August
31, 2011 |
For
the Period
December
8, 2009
through
August
31, 2010 |
*
| ||||||||||||||
Net
asset value, beginning of period |
$ | 29.55 | $ | 20.03 | $ | 25.44 | $ | 24.36 | $ | 25.06 | ||||||||||
Income
from investment operations |
||||||||||||||||||||
Net
investment income (a) |
0.23 | 0.28 | 0.54 | 0.31 | 0.08 | |||||||||||||||
Net realized
and unrealized gain (loss) |
7.88 | 9.67 | (5.38 | ) | 0.90 | (0.78 | ) | |||||||||||||
Total from
investment operations |
8.11 | 9.95 | (4.84 | ) | 1.21 | (0.70 | ) | |||||||||||||
Distributions
to shareholders |
||||||||||||||||||||
From and in
excess of net investment income |
(0.28 | ) | (0.43 | ) | (0.57 | ) | (0.13 | ) | — | |||||||||||
Net asset
value, end of period |
$ | 37.38 | $ | 29.55 | $ | 20.03 | $ | 25.44 | $ | 24.36 | ||||||||||
Market value,
end of period |
$ | 37.29 | $ | 29.59 | $ | 19.96 | $ | 25.57 | $ | 24.40 | ||||||||||
Total
return (b) |
||||||||||||||||||||
Net asset
value |
27.50 | % | 50.39 | % | -19.10 | % | 4.94 | % | -2.79 | % | ||||||||||
Ratios
and supplemental data |
||||||||||||||||||||
Net assets,
end of period (thousands) |
$ | 87,837 | $ | 22,164 | $ | 17,029 | $ | 31,805 | $ | 19,491 | ||||||||||
Ratio of net
expenses to average net assets |
0.70 | %(c) | 0.70 | % | 0.70 | % | 0.70 | % | 0.70 | %(c) | ||||||||||
Ratio of net
investment income to average net assets |
1.34 | %(c) | 1.16 | % | 2.38 | % | 1.09 | % | 0.43 | %(c) | ||||||||||
Portfolio
turnover rate (d) |
32 | % | 26 | % | 43 | % | 28 | % | 11 | % |
* |
Commencement
of investment operations. |
(a) |
Based on
average shares outstanding during the period. |
(b) |
Total
investment return is calculated assuming a purchase of a share at the
beginning of the period and a sale on the last day of the period reported
at net asset value (“NAV”). Dividends and distributions are assumed to be
reinvested at NAV. Total investment return does not reflect brokerage
commissions. A return calculated for a period of less than one year is not
annualized. |
(c) |
Annualized. |
(d) |
Portfolio
turnover is not annualized for periods less than one year and does not
include securities received or delivered from processing creations or
redemptions. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
31 |
FINANCIAL
HIGHLIGHTS continued |
February 28,
2014 |
Per
share operating performance
for
a share outstanding throughout the period |
For
the
Six
Months
Ended
February
28,
2014(a)
(unaudited) |
For
the
Year
Ended
August
31, 2013(a) |
For
the
Year
Ended
August
31, 2012(a) |
For
the
Year
Ended
August
31, 2011(a) |
For
the
Year
Ended
August
31, 2010(a) |
For
the
Year
Ended
August
31, 2009(a) |
|||||||||||||||||||
Net asset value, beginning of period | $ | 27.23 | $ | 16.74 | $ | 54.90 | $ | 73.30 | $ | 86.00 | $ | 262.10 | |||||||||||||
Income from investment operations | |||||||||||||||||||||||||
Net investment income (loss)(b) | 0.24 | 0.56 | 1.84 | 1.80 | (0.10 | ) | (0.50 | ) | |||||||||||||||||
Net realized and unrealized gain (loss) | 19.73 | 11.35 | (37.89 | ) | (19.90 | ) | (12.60 | ) | (175.50 | ) | |||||||||||||||
Total from investment operations | 19.97 | 11.91 | (36.05 | ) | (18.10 | ) | (12.70 | ) | (176.00 | ) | |||||||||||||||
Distributions to shareholders | |||||||||||||||||||||||||
From and in excess of net investment income | (0.45 | ) | (1.42 | ) | (2.11 | ) | (0.30 | ) | — | (0.10 | ) | ||||||||||||||
Return of capital | — | — | — | — | — | (0.00 | )(c) | ||||||||||||||||||
Total distributions | (0.45 | ) | (1.42 | ) | (2.11 | ) | (0.30 | ) | — | (0.10 | ) | ||||||||||||||
Net asset value, end of period | $ | 46.75 | $ | 27.23 | $ | 16.74 | $ | 54.90 | $ | 73.30 | $ | 86.00 | |||||||||||||
Market value, end of period | $ | 46.70 | $ | 27.16 | $ | 16.71 | $ | 54.60 | $ | 72.90 | $ | 85.20 | |||||||||||||
Total return* (d) | |||||||||||||||||||||||||
Net asset value | 73.89 | % | 77.60 | % | -66.93 | % | -24.81 | % | -14.77 | % | -67.14 | % | |||||||||||||
Ratios and supplemental data | |||||||||||||||||||||||||
Net assets, end of period (thousands) | $ | 520,222 | $ | 170,150 | $ | 42,992 | $ | 116,473 | $ | 147,688 | $ | 166,565 | |||||||||||||
Ratio of net expenses to average net assets* | 0.70 | %(e) | 0.70 | % | 0.70 | % | 0.70 | % | 0.66 | % | 0.70 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets* | 1.30 | %(e) | 2.71 | % | 7.07 | % | 2.40 | % | -0.09 | % | -0.54 | % | |||||||||||||
Portfolio turnover rate (f) | 22 | % | 68 | % | 49 | % | 38 | % | 17 | % | 86 | % | |||||||||||||
* |
If certain
expenses had not been waived or reimbursed by the Investment Adviser,
total return would have been lower and the ratios would have been as
follows: |
||||||||||||||||||||||||
Ratio of
total expenses to average net assets |
0.73 | %(e) | 0.86 | % | 1.01 | % | 0.88 | % | 0.88 | % | 0.95 | % | |||||||||||||
Ratio of net
investment income (loss) to average net assets |
1.27 | %(e) | 2.55 | % | 6.76 | % | 2.22 | % | -0.31 | % | -0.79 | % |
(a) |
Reflects 1
for 10 reverse stock split that occurred on February 15,
2012. |
(b) |
Based on
average shares outstanding during the period. |
(c) |
Less than
$0.01. |
(d) |
Total
investment return is calculated assuming a purchase of a common share at
the beginning of the period and a sale on the last day of the period
reported at net asset value (“NAV”). Dividends and distributions are
assumed to be reinvested at NAV. Total investment return does not reflect
brokerage commissions. A return calculated for a period of less than one
year is not annualized. |
(e) |
Annualized. |
(f) |
Portfolio
turnover is not annualized for periods of less than one year and does not
include securities received or delivered from processing creations or
redemptions. |
See
notes to financial statements. |
32 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
FINANCIAL
HIGHLIGHTS continued |
February 28,
2014 |
Per
share operating performance
for
a share outstanding throughout the period |
For
the
Six
Months Ended
February
28,
2014(a)
(unaudited) |
For
the
Year
Ended
August
31, 2013 |
For
the
Year
Ended
August
31, 2012 |
For
the
Year
Ended
August
31, 2011 |
For
the
Year
Ended
August
31, 2010 |
For
the
Year
Ended
August
31, 2009 |
|||||||||||||||||||
Net
asset value, beginning of period |
$ | 23.90 | $ | 21.05 | $ | 20.06 | $ | 17.11 | $ | 16.88 | $ | 23.22 | |||||||||||||
Income
from investment operations |
|||||||||||||||||||||||||
Net
investment income (a) |
0.09 | 0.49 | 0.44 | 0.38 | 0.36 | 0.35 | |||||||||||||||||||
Net realized
and unrealized gain (loss) |
5.36 | 2.81 | 0.96 | 2.99 | 0.07 | (5.45 | ) | ||||||||||||||||||
Total from
investment operations |
5.45 | 3.30 | 1.40 | 3.37 | 0.43 | (5.10 | ) | ||||||||||||||||||
Distributions
to shareholders |
|||||||||||||||||||||||||
From and in
excess of net investment income |
(0.42 | ) | (0.45 | ) | (0.41 | ) | (0.42 | ) | (0.20 | ) | (1.24 | ) | |||||||||||||
Net
asset value, end of period |
$ | 28.93 | $ | 23.90 | $ | 21.05 | $ | 20.06 | $ | 17.11 | $ | 16.88 | |||||||||||||
Market
value, end of period |
$ | 28.94 | $ | 23.88 | $ | 20.98 | $ | 19.99 | $ | 16.99 | $ | 16.93 | |||||||||||||
Total
return * (b) |
|||||||||||||||||||||||||
Net asset
value |
22.89 | % | 15.85 | % | 7.23 | % | 19.60 | % | 2.46 | % | -20.93 | % | |||||||||||||
Ratios
and supplemental data |
|||||||||||||||||||||||||
Net assets,
end of period (thousands) |
$ | 322,860 | $ | 253,369 | $ | 199,547 | $ | 214,190 | $ | 192,289 | $ | 178,938 | |||||||||||||
Ratio of net
expenses to average net assets* |
0.64 | %(c) | 0.70 | % | 0.70 | % | 0.70 | % | 0.70 | % | 0.70 | % | |||||||||||||
Ratio of net
investment income to average net assets* |
0.67 | %(c) | 2.13 | % | 2.22 | % | 1.85 | % | 2.02 | % | 2.29 | % | |||||||||||||
Portfolio
turnover rate (d) |
3 | % | 21 | % | 31 | % | 8 | % | 17 | % | 56 | % | |||||||||||||
* |
If certain
expenses had not been waived or reimbursed by the Investment Adviser,
total return would have been lower and the ratios would have been as
follows: |
||||||||||||||||||||||||
Ratio of
total expenses to average net assets |
0.64 | %(c) | 0.71 | % | 0.76 | % | 0.78 | % | 0.77 | % | 0.88 | % | |||||||||||||
Ratio of net
investment income to average net assets |
0.67 | %(c) | 2.12 | % | 2.16 | % | 1.77 | % | 1.95 | % | 2.11 | % |
(a) |
Based on
average shares outstanding during the period. |
(b) |
Total
investment return is calculated assuming a purchase of a share at the
beginning of the period and a sale on the last day of the period reported
at net asset value (“NAV”). Dividends and distributions are assumed to be
reinvested at NAV. Total investment return does not reflect brokerage
commissions. A return calculated for a period of less than one year is not
annualized. |
(c) |
Annualized. |
(d) |
Portfolio
turnover is not annualized for periods of less than one year and does not
include securities received or delivered from processing creations or
redemptions. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
33 |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) |
February 28,
2014 |
Fund |
Index | |
Guggenheim
China All-Cap ETF |
AlphaShares
China All-Cap Index | |
Guggenheim
China Technology ETF |
AlphaShares
China Technology Index | |
Guggenheim
Solar ETF |
MAC Global
Solar Energy Index | |
Guggenheim
S&P Global Water Index ETF |
S&P
Global Water Index |
34 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
• |
Last
available publicly-traded price. For halted securities, the Pricing
Committee considers the last trade price. | |
• |
The last
trade price has been adjusted after considering relevant news on the
security, cash distributions paid by the security, length of time the
security has not traded, indication of interest broker bids, lack of an
active market in which the security can be traded, and general market
movement. |
Description |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
(value in
$000s) |
||||||||||||||||
Assets: |
||||||||||||||||
Common
Stock: |
||||||||||||||||
Basic
Materials |
$ | 1,451 | $ | — | $ | — | $ | 1,451 | ||||||||
Communications |
13,453 | — | — | 13,453 | ||||||||||||
Consumer,
Cyclical |
4,485 | — | — | 4,485 | ||||||||||||
Consumer, |
||||||||||||||||
Non-cyclical |
5,263 | — | — | 5,263 | ||||||||||||
Diversified |
298 | — | — | 298 | ||||||||||||
Energy |
8,082 | — | — | 8,082 | ||||||||||||
Financial |
17,314 | — | — | 17,314 | ||||||||||||
Industrial |
3,585 | — | — | 3,585 | ||||||||||||
Technology |
1,129 | — | — | 1,129 | ||||||||||||
Utilities |
1,783 | — | — | 1,783 | ||||||||||||
Investments
of Collateral for Securities Loaned |
2,608 | — | — | 2,608 | ||||||||||||
Total |
$ | 59,451 | $ | — | $ | — | $ | 59,451 |
$ | (000s | ) | ||
Transfer from
Level 2 to Level 1 |
$ | 63 |
Common Stock | ||||
Level
3 Holdings |
Value in $000s | |||
Beginning
Balance at 8/31/13 |
$ | – | * | |
Net Realized
Gain/Loss |
(119 | ) | ||
Change in
Unrealized Gain/Loss |
119 | |||
Purchases |
— | |||
Sales |
— | |||
Transfers
In |
— | |||
Transfers
Out |
— | |||
Ending
Balance at 2/28/14 |
$ | — | ||
* Market
value is less than the minimum amount disclosed. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
35 |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
Guggenheim
China Technology ETF |
||||||||||||||||
Description |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
(value in
$000s) |
||||||||||||||||
Assets: |
||||||||||||||||
Common
Stock: |
||||||||||||||||
Basic
Materials |
$ | 1,536 | $ | — | $ | — | $ | 1,536 | ||||||||
Communications |
51,534 | — | 26 | 51,560 | ||||||||||||
Consumer,
Cyclical |
933 | — | — | 933 | ||||||||||||
Consumer,
Non-cyclical |
790 | — | — | 790 | ||||||||||||
Energy |
5,463 | — | — | 5,463 | ||||||||||||
Industrial |
7,209 | — | 38 | 7,247 | ||||||||||||
Technology |
19,881 | — | — | 19,881 | ||||||||||||
Investments
of Collateral |
||||||||||||||||
for
Securities Loaned |
13,953 | — | — | 13,953 | ||||||||||||
Total |
$ | 101,299 | $ | — | $ | 64 | $ | 101,363 |
Common Stock | ||||
Level
3 Holdings |
Value in $000s | |||
Beginning
Balance at 8/31/13 |
$ | 112 | ||
Net Realized
Gain/Loss |
— | |||
Change in
Unrealized Gain/Loss |
(48 | ) | ||
Purchases |
— | |||
Sales |
— | |||
Transfers
In |
— | |||
Transfers
Out |
— | |||
Ending
Balance at 2/28/14 |
$ | 64 |
Investments,
at
Value |
Value
as of
February
28, 2014 |
Valuation
Technique |
Unobservable
Inputs |
|||||||
Common
Stock |
||||||||||
Communications |
$26,059 |
Last
Trade |
||||||||
With
Adjustment |
68%
Discount |
|||||||||
Industrial |
$38,280 |
Last
Trade |
||||||||
With
Adjustment |
58%
Discount |
Impact
to Value |
Impact
to Value |
||||
Unobservable
Input |
if
Input Increases |
if
Input Decreases |
|||
Discount
Rate |
Decrease |
Increase |
Guggenheim
Solar ETF |
||||||||||||||||
Description |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
(value in
$000s) |
||||||||||||||||
Assets: |
||||||||||||||||
Common
Stock: |
||||||||||||||||
Basic
Materials |
$ | 16,702 | $ | — | $ | — | $ | 16,702 | ||||||||
Energy |
167,157 | — | — | 167,157 | ||||||||||||
Industrial |
160,805 | — | — | 160,805 | ||||||||||||
Technology |
172,872 | — | — | 172,872 | ||||||||||||
Investments
of Collateral |
||||||||||||||||
for
Securities Loaned |
189,254 | — | — | 189,254 | ||||||||||||
Total |
$ | 706,790 | $ | — | $ | — | $ | 706,790 |
Common Stock | ||||
Level
3 Holdings |
Value in $000s | |||
Beginning
Balance at 8/31/13 |
$ | 402 | ||
Net Realized
Gain/Loss |
(2,613 | ) | ||
Change in
Unrealized Gain/Loss |
2,211 | |||
Purchases |
— | |||
Sales |
— | |||
Transfers
In |
— | |||
Transfers
Out |
— | |||
Ending
Balance at 2/28/14 |
$ | — |
36 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
Fund |
Rate |
Guggenheim
Solar ETF |
0.50% |
Guggenheim
S&P Global Water Index ETF |
0.50% |
Fund |
Rate |
Guggenheim
China All-Cap ETF |
0.70% |
Guggenheim
China Technology ETF |
0.70% |
Net
Assets |
Rate |
First
$200,000,000 |
0.0275% |
Next
$300,000,000 |
0.0200% |
Next
$500,000,000 |
0.0150% |
Over
$1,000,000,000 |
0.0100% |
Fund
Administration | |
Expense | |
Guggenheim
Solar ETF |
$40,215 |
Guggenheim
S&P Global Water Index ETF |
36,323 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
37 |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
Advisory
Fees Waived | |
Guggenheim
Solar ETF |
$51,785 |
Fund |
Licensor | |
Guggenheim
China All-Cap ETF |
AlphaShares,
LLC | |
Guggenheim
China Technology ETF |
AlphaShares,
LLC | |
Guggenheim
Solar ETF |
MAC Indexing
LLC | |
Guggenheim
S&P Global Water Index ETF |
Standard
& Poor’s Financial Services LLC, | |
a division of
McGraw-Hill Financial. |
Cost
of
Investments
for
Tax
Purposes |
Gross
Tax
Unrealized
Appreciation |
Gross
Tax
Unrealized
(Depreciation |
) |
Net
Tax
Unrealized
Appreciation
(Depreciation |
) |
Net
Tax
Unrealized
Appreciation
(Depreciation)
on Foreign
Currency |
||||||||||||||
Guggenheim
China All-Cap ETF |
$ | 60,332,388 | $ | 8,709,929 | $ | (9,590,938 | ) | $ | (881,009 | ) | $ | — | ||||||||
Guggenheim
China Technology ETF |
84,314,491 | 18,584,270 | (1,535,383 | ) | 17,048,887 | (4 | ) | |||||||||||||
Guggenheim
Solar ETF |
620,309,237 | 121,293,987 | (34,813,570 | ) | 86,480,417 | 3,440 | ||||||||||||||
Guggenheim
S&P Global Water Index ETF |
245,145,523 | 92,860,745 | (8,964,629 | ) | 83,896,116 | 4,668 |
38 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
Undistributed |
||||||||
Undistributed |
Long-Term
Gains/ |
|||||||
Ordinary
Income/ |
(Accumulated |
|||||||
(Accumulated |
Capital
& |
|||||||
Ordinary Loss) | Other Loss) | |||||||
Guggenheim
China All-Cap ETF |
$ | 700,630 | $ | (7,291,644 | ) | |||
Guggenheim
China Technology ETF |
176,967 | (10,044,594 | ) | |||||
Guggenheim
Solar ETF |
1,189,295 | (279,425,192 | ) | |||||
Guggenheim
S&P Global Water Index ETF |
4,284,544 | (90,748,667 | ) |
Distributions
paid from Ordinary Income | |
Guggenheim
China All-Cap ETF |
$1,234,200 |
Guggenheim
China Technology ETF |
340,800 |
Guggenheim
Solar ETF |
4,112,512 |
Guggenheim
S&P Global Water Index ETF |
4,203,320 |
Capital
Loss |
Capital
Loss |
Capital
Loss |
Unlimited |
Unlimited |
||||||||||||||||||||
Expiring
in |
Expiring
in |
Expiring
in |
Short-Term |
Long-Term |
||||||||||||||||||||
2017 |
2018 |
2019 |
Capital
Loss |
Capital
Loss |
Total |
|||||||||||||||||||
Guggenheim
China All-Cap ETF |
$ | — | $ | 29,627 | $ | 853,049 | $ | 1,045,011 | $ | 5,363,957 | $ | 7,291,644 | ||||||||||||
Guggenheim
China Technology ETF |
— | — | 188,097 | 3,787,716 | 6,068,781 | 10,044,594 | ||||||||||||||||||
Guggenheim
Solar ETF |
6,030,482 | 118,836,026 | 21,764,929 | 18,147,172 | 114,646,583 | 279,425,192 | ||||||||||||||||||
Guggenheim
S&P Global Water Index ETF |
31,879,617 | 38,476,281 | 16,548,141 | — | 3,844,628 | 90,748,667 |
Fund |
Amount |
|||
Guggenheim
China All-Cap ETF |
$ | — | ||
Guggenheim
China Technology ETF |
— | |||
Guggenheim
Solar ETF |
— | |||
Guggenheim
S&P Global Water Index ETF |
629,633 |
Purchases |
Sales |
|||||||
Guggenheim
China All-Cap ETF |
$ | 4,909,071 | $ | 5,801,481 | ||||
Guggenheim
China Technology ETF |
18,423,051 | 18,494,744 | ||||||
Guggenheim
Solar ETF |
74,941,988 | 77,299,296 | ||||||
Guggenheim
S&P Global Water Index ETF |
10,192,443 | 13,691,865 |
Purchases |
Sales |
|||||||
Guggenheim
China All-Cap ETF |
$ | 13,242,819 | $ | 5,295,855 | ||||
Guggenheim
China Technology ETF |
54,159,256 | — | ||||||
Guggenheim
Solar ETF |
351,381,761 | 145,913,540 | ||||||
Guggenheim
S&P Global Water Index ETF |
31,870,636 | 16,519,610 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
39 |
NOTES
TO FINANCIAL STATEMENTS (Unaudited) continued |
February 28,
2014 |
40 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
SUPPLEMENTAL
INFORMATION (Unaudited) |
February 28,
2014 |
Name,
Address*, Year
of
Birth and Position(s)
held
with Registrant |
Term
of Office**
and
Length
of
Time Served |
Principal
Occupations during the Past
Five
Years and
Other Affiliations |
Number
of Funds
in
the Fund
Complex***
Overseen
by Trustee |
Other
Directorships Held by Trustee during the Past Five
Years | ||||
Independent
Trustees: |
||||||||
Randall C.
Barnes
Year of
Birth: 1951
Trustee |
Since
2006 |
Private
Investor (2001-present). Formerly, Senior Vice President and Treasurer,
PepsiCo., Inc. (1993-1997), President, Pizza Hut International (1991-1993)
and Senior Vice President, Strategic Planning and New Business Development
of PepsiCo., Inc. (1987-1990). |
86 |
None. | ||||
Donald A.
Chubb, Jr.
Year of
Birth: 1946
Trustee |
Since
2014 |
Business
broker and manager of commercial real estate, Griffith & Blair, Inc.
(1997-present). |
82 |
None. | ||||
Jerry B.
Farley
Year of
Birth: 1946
Trustee |
Since
2014 |
President,
Washburn University (1997-present). |
82 |
Westar
Energy, Inc. (2004- present); CoreFirst Bank & Trust
(2000-present). | ||||
Roman
Friedrich III
Year of
Birth: 1946
Trustee |
Since
2010 |
Founder and
President of Roman Friedrich & Company, a U.S. and Canadian-based
business, which provides investment banking to the mining industry
(1998-present). Formerly, Senior Managing Director of MLV & Co., LLC,
an investment bank and institutional broker-dealer specializing in capital
intensive industries such as energy, metals and mining
(2010-2011). |
82 |
Director of
Mercator Minerals Ltd. (September 2013-present), First Americas Gold Corp.
(2012-present) and Zincore Metals, Inc. (2009-present). Previously,
Director of Blue Sky Uranium Corp. (formerly, Windstorm Resources, Inc.)
(2011-2012); Axiom Gold and Silver Corp. (2011-2012); Stratagold Corp.
(2003-2009); and GFM Resources Ltd. (2005-2010). | ||||
Robert B.
Karn III
Year of
Birth: 1942
Trustee |
Since
2010 |
Consultant
(1998-present). Formerly, Arthur Anderson (1965-1997) and Managing
Partner, Financial and Economic Consulting, St. Louis office
(1987-1997). |
82 |
Director of
Peabody Energy Company (2003-present) and GP Natural Resource Partners LLC
(2002-present). | ||||
Ronald A.
Nyberg
Year of
Birth: 1953
Trustee |
Since
2006 |
Partner of
Nyberg & Cassioppi, LLC, a law firm specializing in corporate law,
estate planning and business transactions (2000-present). Formerly
Executive Vice President, General Counsel and Corporate Secretary of Van
Kampen Investments (1982-1999). |
88 |
None. | ||||
Maynard F.
Oliverius
Year of
Birth: 1943
Trustee |
Since
2014 |
President and
CEO, Stormont-Vail HealthCare (1996-2012). |
82 |
None. | ||||
Ronald E.
Toupin, Jr.
Year of
Birth: 1958
Trustee |
Since
2006 |
Portfolio
Consultant (2010-present). Formerly, Vice President, Manager and Portfolio
Manager of Nuveen Asset Management (1998-1999), Vice President of Nuveen
Investment Advisory Corp. (1992-1999), Vice President and Manager of
Nuveen Unit Investment Trusts (1991-1999), and Assistant Vice President
and Portfolio Manager of Nuveen Unit Investment Trusts (1988-1999), each
of John Nuveen & Co., Inc. (1982-1999). |
85 |
Previously,
Trustee, Bennett Group of Funds (2011-September
2013). |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
41 |
SUPPLEMENTAL
INFORMATION (Unaudited) continued |
February 28,
2014 |
Name,
Address*, Year
of
Birth and Position(s)
held
with Registrant |
Term
of Office**
and
Length
of
Time Served |
Principal
Occupations during the Past
Five
Years and
Other Affiliations |
Number
of Funds
in
the Fund
Complex***
Overseen
by Trustee |
Other
Directorships Held by Trustee sduring
the Past Five Years | ||||
Interested
Trustee: |
||||||||
Donald C.
Cacciapaglia†
Year of
Birth: 1951
Trustee,
President and
Chief
Executive Officer |
Since
2012 |
President and
Chief Executive Officer, certain other funds in the Fund Complex
(2012-present); Vice Chairman, Guggenheim Investments (2010-present).
Formerly, Chairman and Chief Executive Officer of Channel Capital Group
Inc. (2002-2010). |
214 |
Delaware Life
(2013-present); Guggenheim Life and Annuity Company (2011-present);
Paragon Life Insurance Company of Indiana
(2011-present). |
* |
Address for
all Trustees: 227 West Monroe Street, Chicago, IL
60606. |
** |
This is the
period for which the Trustee began serving the Trust. Each Trustee is
expected to serve an indefinite term, until his successor is
elected. |
*** |
As of period
end. The Guggenheim Investments Fund Complex consists of U.S. registered
investment companies advised or serviced by Guggenheim Funds Investment
Advisors, LLC and/or Guggenheim Funds Distributors, Inc. and/or affiliates
of such entities. The Guggenheim Investments Fund Complex is overseen by
multiple Boards of Trustees. |
† |
Mr. Donald C.
Cacciapaglia is an “interested person” (as defined in section 2(a)(19) of
the 1940 Act) (“Interested Trustee”) of the Trust because of his position
as the President and CEO of the Investment Adviser and
Distributor. |
(a) |
As of April
3, 2014. At a special meeting of the shareholders held in April 2014,
shareholders of the Trust elected the following individuals to serve as
Trustees: Donald A. Chubb, Jerry B. Farley and Maynard F.
Oliverius. |
Name,
Address*, Year of
Birth and
Position(s)
held
with Registrant |
Term
of Office** and
Length
of Time Served |
Principal
Occupations During the Past Five Years and
Other
Affiliations | ||
Officers: |
||||
Amy J.
Lee
Year of
Birth: 1961
Chief Legal
Officer |
Since
2013 |
Chief Legal
Officer, certain other funds in the Fund Complex (2013-present); Senior
Managing Director, Guggenheim Investments (2012-present). Formerly, Vice
President, Associate General Counsel and Assistant Secretary, Security
Benefit Life Insurance Company and Security Benefit Corporation
(2004-2012). | ||
John L.
Sullivan
Year of
Birth: 1955
Chief
Financial Officer,
Chief
Accounting Officer
and
Treasurer |
Since
2010 |
Senior
Managing Director – Fund Administration, Guggenheim Investments
(2010-present). Chief Financial Officer, Chief Accounting Officer and
Treasurer of certain funds in the Fund Complex (2010-present). Formerly,
Chief Compliance Officer, Van Kampen Funds (2004-2010). | ||
Joanna M.
Catalucci
Year of
Birth: 1966
Chief
Compliance Officer |
Since
2012 |
Managing
Director of Compliance and Fund Board Relations, Guggenheim Investments
(2012-present). Chief Compliance Officer of certain funds in the Fund
Complex (2012-present). Formerly, Secretary of certain funds in the Fund
Complex. | ||
Mark E.
Mathiasen
Year of
Birth: 1978
Secretary |
Since
2011 |
Secretary,
certain other funds in the Fund Complex (2007-present); Managing Director,
Guggenheim Partners, LLC, and affiliates
(2007-present). | ||
William H.
Belden, III
Year of
Birth: 1965
Vice
President |
Since
2006 |
Managing
Director of Guggenheim Funds Investment Advisors, LLC (2005-present).
Formerly, Vice President of Product Management at Northern Trust Global
Investments (1999-2005). | ||
Kevin
Farragher
Year of
Birth: 1958
Vice
President |
Since
2012 |
Vice
President of Guggenheim Funds Services, LLC (2000-present); Senior Product
Manager of ETFs for Guggenheim Investments. Formerly, Investment Company
Institute (1993-2000); Chase Manhattan Bank (1992-1993) and Van Eck
Securities (1988-1992). | ||
Bryan
Stone
Year of
Birth: 1979
Vice
President |
Since
2014 |
Vice
President of certain funds in the Fund Complex (April 2014-present);
Director, Guggenheim Investments (2013- present). Formerly, Senior Vice
President, Neuberger Berman Group LLC (2009-2013); Vice President, Morgan
Stanley (2002-2009). |
Address for
all Officers: 227 West Monroe Street, Chicago, IL
60606. | |
** |
Officers
serve at the pleasure of the Board of Trustees and until his or her
successor is appointed and qualified or until his or her earlier
resignation or removal. |
42 | CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL
REPORT |
TRUST
INFORMATION |
February 28,
2014 |
Board
of Trustees |
Officers |
Investment
Adviser |
Accounting
Agent, | ||||
Randall C.
Barnes |
Donald C.
Cacciapaglia |
Guggenheim
Funds |
Custodian
and | ||||
Chief
Executive Officer |
Investment
Advisors, LLC |
Transfer
Agent | |||||
Donald C.
Cacciapaglia* |
Chicago,
IL |
The Bank of
New York | |||||
Amy J.
Lee |
Mellon
Corp. | ||||||
Donald A.
Chubb |
Chief
Legal Officer |
Distributor |
New York,
NY | ||||
Guggenheim
Funds |
|||||||
Jerry B.
Farley |
John L.
Sullivan |
Distributors,
LLC |
Legal
Counsel | ||||
Chief
Financial Officer, |
Chicago ,
IL |
Dechert
LLP | |||||
Roman
Friedrich III |
Chief
Accounting Officer |
New York,
NY | |||||
and
Treasurer |
Administrator |
||||||
Robert B.
Karn III |
Rydex Fund
Services, LLC |
Independent
Registered | |||||
Joanna M.
Catalucci |
Rockville,
MD |
Public
Accounting Firm | |||||
Ronald A.
Nyberg |
Chief
Compliance Officer |
Ernst &
Young LLP | |||||
Chicago,
IL | |||||||
Maynard F.
Oliverius |
Mark M.
Mathiasen |
||||||
Secretary |
|||||||
Ronald E.
Toupin, Jr., |
|||||||
Chairperson
*
Trustee is an “interested person” (as defined in section 2(a)(19) of the
1940 Act) (“Interested Trustee”) of the Trust because of his position as
the President and CEO of the Investment Adviser and the
Distributor. |
William H.
Belden III
Vice
President
Kevin
Farragher
Vice
President
Bryan
Stone
Vice
President |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 SEMIANNUAL REPORT |
43 |
ABOUT
THE TRUST ADVISER |