Contents |
|
Dear
Shareholder |
3 |
Economic
and Market Overview |
4 |
Management
Discussion of Fund Performance |
6 |
Performance
Report and Fund Profile |
14 |
About
Shareholders' Fund Expenses |
26 |
Schedule
of Investments |
27 |
Statement
of Assets and Liabilities |
41 |
Statement
of Operations |
43 |
Statements
of Changes in Net Assets |
45 |
Financial
Highlights |
48 |
Notes
to Financial Statements |
54 |
Report
of Independent Registered Public Accounting Firm |
61 |
Supplemental
Information |
62 |
Approval
of Advisory Agreement – Claymore Exchange Traded Fund Trust 2 |
65 |
Trust
Information |
71 |
About
the Trust Adviser |
Back
Cover |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 3 |
ECONOMIC
AND MARKET OVERVIEW |
August
31, 2015 |
4
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 5 |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) |
August
31, 2015 |
6
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 7 |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) continued |
August
31, 2015 |
Payable
Date |
Amount |
|||
December
31, 2014 |
$ |
0.3580 |
||
March
31, 2015 |
$ |
0.0615 |
||
June
30, 2015 |
$ |
0.4032 |
||
Total |
$ |
0.8227 |
8
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 9 |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) continued |
August
31, 2015 |
10
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
MANAGEMENT
DISCUSSION OF FUND PERFORMANCE (Unaudited) continued |
August
31, 2015 |
Payable
Date |
Amount |
|||
March
31, 2015 |
$ |
0.0915 |
||
June
30, 2015 |
$ |
0.3447 |
||
Total |
$ |
0.4362 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 11 |
August
31, 2015 |
12
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 13 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) |
August
31, 2015 |
Fund
Statistics |
|||
Share
Price |
$ |
24.13 | |
Net
Asset Value |
$ |
24.42 | |
Discount
to NAV |
-1.19% | ||
Net
Assets ($000) |
$ |
29,308 |
AVERAGE
ANNUAL TOTAL RETURNS FOR | ||||||||
THE
PERIOD ENDED AUGUST 31, 2015 | ||||||||
Since | ||||||||
One |
Three |
Five |
Inception | |||||
Year |
Year |
Year |
(10/19/09) | |||||
Guggenheim
China All-Cap ETF |
||||||||
NAV |
-12.51% |
6.29% |
1.90% |
1.44% | ||||
Market |
-13.42% |
5.68% |
1.66% |
1.22% | ||||
AlphaShares
China |
||||||||
All
Cap Index |
-13.10% |
6.56% |
2.36% |
1.95% | ||||
MSCI
China Index |
-9.34% |
6.73% |
2.14% |
1.41% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Financial |
36.6% | |
Communications |
24.8% | |
Energy |
9.1% | |
Consumer,
Non-cyclical |
8.6% | |
Industrial |
6.6% | |
Consumer,
Cyclical |
5.9% | |
Utilities |
3.7% | |
Other |
4.6% | |
Total
Common Stocks |
99.9% | |
Securities
Lending Collateral |
14.0% | |
Total
Investments |
113.9% | |
Other
Assets & Liabilities, net |
-13.9% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
Tencent
Holdings Ltd. |
6.6% | |
China
Mobile Ltd. |
5.8% | |
China
Construction Bank Corp. — Class H |
4.9% | |
Industrial
& Commercial Bank of China Ltd. — Class H |
4.8% | |
Baidu,
Inc. ADR |
3.7% | |
Bank
of China Ltd. — Class H |
3.7% | |
China
Life Insurance Company Ltd. — Class H |
3.0% | |
Alibaba
Group Holding Ltd. ADR |
2.9% | |
Ping
An Insurance Group Company of China Ltd. — Class H |
2.7% | |
CNOOC
Ltd. |
2.3% | |
Top
Ten Total |
40.4% |
14
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 15 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
Fund
Statistics |
|||
Share
Price |
$ |
29.31 | |
Net
Asset Value |
$ |
29.55 | |
Discount
to NAV |
-0.81% | ||
Net
Assets ($000) |
$ |
45,804 |
AVERAGE
ANNUAL TOTAL RETURNS FOR | ||||||||
THE
PERIOD ENDED AUGUST 31, 2015 | ||||||||
Since | ||||||||
One |
Three |
Five |
Inception | |||||
Year |
Year |
Year |
(12/08/09) | |||||
Guggenheim
China Technology ETF |
||||||||
NAV |
-21.62% |
15.25% |
5.38% |
4.16% | ||||
Market |
-21.85% |
15.06% |
5.17% |
4.01% | ||||
AlphaShares
China |
||||||||
Technology |
||||||||
Index |
-23.56% |
14.61% |
5.11% |
3.98% | ||||
MSCI
China Index |
-9.34% |
6.73% |
2.14% |
0.55% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Communications |
55.7% | |
Technology |
25.2% | |
Industrial |
9.4% | |
Energy |
5.4% | |
Basic
Materials |
1.8% | |
Consumer,
Cyclical |
1.3% | |
Consumer,
Non-cyclical |
0.9% | |
Diversified |
0.2% | |
Total
Common Stocks |
99.9% | |
Securities
Lending Collateral |
22.7% | |
Total
Investments |
122.6% | |
Other
Assets & Liabilities, net |
-22.6% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
Tencent
Holdings Ltd. |
12.1% | |
Baidu,
Inc. ADR |
9.1% | |
Alibaba
Group Holding Ltd. ADR |
8.7% | |
NetEase,
Inc. ADR |
7.3% | |
AAC
Technologies Holdings, Inc. |
5.3% | |
Lenovo
Group Ltd. |
4.9% | |
Qihoo
360 Technology Company Ltd. ADR |
4.5% | |
Semiconductor
Manufacturing International Corp. |
2.9% | |
SINA
Corp. |
2.9% | |
Youku
Tudou, Inc. ADR |
2.4% | |
Top
Ten Total |
60.1% |
16
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 17 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
Fund
Statistics |
|||
Share
Price |
$ |
20.73 | |
Net
Asset Value |
$ |
20.64 | |
Premium
to NAV |
0.44% | ||
Net
Assets ($000) |
$ |
2,064 |
TOTAL
RETURN FOR |
||
THE
PERIOD ENDED AUGUST 31, 2015 |
||
Since | ||
Inception | ||
(09/29/14) | ||
(non-annualized) | ||
Guggenheim
Emerging Market Real Estate ETF |
||
NAV |
-14.61% | |
Market |
-14.22% | |
AlphaShares
Emerging |
||
Markets
Real Estate |
||
Index |
-11.26% | |
FTSE
EPRA/NAREIT Global Real Estate Index |
0.36% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Financial |
97.1% | |
Consumer,
Cyclical |
1.1% | |
Industrial |
1.0% | |
Diversified |
0.8% | |
Total
Common Stocks |
100.0% | |
Securities
Lending Collateral |
3.7% | |
Total
Investments |
103.7% | |
Other
Assets & Liabilities, net |
-3.7% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
China
Overseas Land & Investment Ltd. |
6.0% | |
Emaar
Properties PJSC |
5.8% | |
Fibra
Uno Administracion S.A. de CV |
4.0% | |
China
Resources Land Ltd. |
3.9% | |
Ayala
Land, Inc. |
3.5% | |
Growthpoint
Properties Ltd. |
3.3% | |
SM
Prime Holdings, Inc. |
3.1% | |
Evergrande
Real Estate Group Ltd. |
2.4% | |
Redefine
Properties Ltd. |
2.4% | |
China
Vanke Company Ltd. — Class H |
2.3% | |
Top
Ten Total |
36.7% |
18
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 19 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
Fund
Statistics |
|||
Share
Price |
$ |
29.57 | |
Net
Asset Value |
$ |
29.72 | |
Discount
to NAV |
-0.50% | ||
Net
Assets ($000) |
$ |
266,545 |
AVERAGE
ANNUAL TOTAL RETURNS FOR | ||||||||
THE
PERIOD ENDED AUGUST 31, 2015 | ||||||||
Since | ||||||||
One |
Three |
Five |
Inception | |||||
Year |
Year |
Year |
(04/15/08) | |||||
Guggenheim
Solar ETF |
||||||||
NAV |
-30.51% |
25.99% |
-13.04% |
-23.01% | ||||
Market |
-30.57% |
25.83% |
-13.03% |
-23.06% | ||||
MAC
Global Solar |
||||||||
Energy
Index |
-34.20% |
22.30% |
-16.04% |
-24.39% | ||||
MSCI
World Index |
-4.13% |
10.95% |
11.07% |
3.94% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Energy |
60.0% | |
Industrial |
24.5% | |
Technology |
9.6% | |
Utilities |
3.3% | |
Basic
Materials |
2.1% | |
Total
Common Stocks |
99.5% | |
Securities
Lending Collateral |
43.1% | |
Total
Investments |
142.6% | |
Other
Assets & Liabilities, net |
-42.6% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
First
Solar, Inc. |
8.5% | |
SolarCity
Corp. |
7.2% | |
SMA
Solar Technology AG |
6.0% | |
SunPower
Corp. — Class A |
5.4% | |
GCL-Poly
Energy Holdings Ltd. |
5.2% | |
Xinyi
Solar Holdings Ltd. |
5.1% | |
Meyer
Burger Technology AG |
4.9% | |
Trina
Solar Ltd. ADR |
4.3% | |
Advanced
Energy Industries, Inc. |
4.1% | |
TerraForm
Power, Inc. — Class A |
3.9% | |
Top
Ten Total |
54.6% |
20
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 21 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
Fund
Statistics |
|||
Share
Price |
$ |
26.64 | |
Net
Asset Value |
$ |
26.67 | |
Discount
to NAV |
-0.11% | ||
Net
Assets ($000) |
$ |
346,709 |
AVERAGE
ANNUAL TOTAL RETURNS FOR | ||||||||
THE
PERIOD ENDED AUGUST 31, 2015 | ||||||||
Since | ||||||||
One |
Three |
Five |
Inception | |||||
Year |
Year |
Year |
(05/14/07) | |||||
Guggenheim
S&P Global |
||||||||
Water
Index ETF |
||||||||
NAV |
-6.47% |
10.13% |
11.37% |
3.27% | ||||
Market |
-6.77% |
10.21% |
11.50% |
3.25% | ||||
S&P
Global |
||||||||
Water
Index |
-6.25% |
10.46% |
11.73% |
3.79% | ||||
MSCI
World Index |
-4.13% |
10.95% |
11.07% |
2.53% | ||||
Dow
Jones Global |
||||||||
Utilities
Index |
-8.56% |
6.16% |
2.83% |
-2.20% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Industrial |
48.6% | |
Utilities |
41.0% | |
Consumer,
Non-cyclical |
5.6% | |
Consumer,
Cyclical |
2.4% | |
Basic
Materials |
1.9% | |
Total
Common Stocks |
99.5% | |
Securities
Lending Collateral |
1.5% | |
Total
Investments |
101.0% | |
Other
Assets & Liabilities, net |
-1.0% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
Geberit
AG |
7.0% | |
Veolia
Environnement S.A. |
6.1% | |
American
Water Works Company, Inc. |
6.0% | |
Pentair
plc |
5.9% | |
United
Utilities Group plc |
5.7% | |
Danaher
Corp. |
5.6% | |
Severn
Trent plc |
4.9% | |
Suez
Environnement Co. |
4.0% | |
Xylem,
Inc. |
3.5% | |
IDEX
Corp. |
3.3% | |
Top
Ten Total |
52.0% |
22
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 23 |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
Fund
Statistics |
|||
Fund
Statistics |
|||
Share
Price |
$ |
22.56 | |
Net
Asset Value |
$ |
22.87 | |
Discount
to NAV |
-1.36% | ||
Net
Assets ($000) |
$ |
2,287 |
TOTAL
RETURN FOR |
||
THE
PERIOD ENDED AUGUST 31, 2015 |
||
Since | ||
Inception | ||
(02/11/15) | ||
(non-annualized) | ||
Guggenheim
S&P High Income Infrastructure ETF |
||
NAV |
-7.06% | |
Market |
-8.37% | |
S&P
High Income Infrastructure Index |
-5.91% | |
S&P
Global BMI Index |
-3.62% |
Portfolio
Breakdown |
%
of Net Assets | |
Investments: |
||
Utilities |
47.8% | |
Energy |
27.7% | |
Consumer,
Non-cyclical |
14.9% | |
Industrial |
8.6% | |
Total
Common Stocks |
99.0% | |
Other
Instruments: |
||
Securities
Lending Collateral |
3.8% | |
Preferred
Stocks |
0.7% | |
Total
Other Instruments |
4.5% | |
Total
Investments |
103.5% | |
Other
Assets & Liabilities, net |
-3.5% | |
Net
Assets |
100.0% |
Ten
Largest Holdings |
||
(%
of Total Net Assets) |
||
ONEOK,
Inc. |
4.9% | |
Sydney
Airport |
4.7% | |
Veresen,
Inc. |
4.7% | |
Transurban
Group |
4.4% | |
Abertis
Infraestructuras S.A. |
4.3% | |
Kinder
Morgan, Inc. |
4.2% | |
Hutchison
Port Holdings Trust — Class U |
4.0% | |
Pembina
Pipeline Corp. |
4.0% | |
TransCanada
Corp. |
3.9% | |
Ship
Finance International Ltd. |
3.9% | |
Top
Ten Total |
43.0% |
24
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
PERFORMANCE
REPORT AND FUND PROFILE (Unaudited) continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 25 |
ABOUT
SHAREHOLDERS' FUND EXPENSES (Unaudited) |
August
31, 2015 |
Expenses |
||||||||||||||||
Beginning |
Ending |
Paid |
||||||||||||||
Expense |
Fund |
Account
Value |
Account
Value |
During |
||||||||||||
Ratio1 |
Return |
February
28, 2015 |
August
31, 2015 |
Period2 |
||||||||||||
Table
1. Based on actual Fund return3 |
||||||||||||||||
Guggenheim
China All-Cap ETF |
0.70 |
% |
(13.98 |
)% |
$ |
1,000.00 |
$ |
860.17 |
$ |
3.28 |
||||||
Guggenheim
China Technology ETF |
0.70 |
% |
(17.46 |
)% |
1,000.00 |
825.42 |
3.22 |
|||||||||
Guggenheim
Emerging Markets Real Estate ETF |
0.65 |
% |
(16.12 |
)% |
1,000.00 |
838.81 |
3.01 |
|||||||||
Guggenheim
Solar ETF |
0.70 |
% |
(24.59 |
)% |
1,000.00 |
754.12 |
3.09 |
|||||||||
Guggenheim
S&P Global Water Index ETF |
0.64 |
% |
(6.06 |
)% |
1,000.00 |
939.42 |
3.13 |
|||||||||
Guggenheim
S&P High Income Infrastructure ETF |
0.45 |
% |
(7.82 |
)% |
1,000.00 |
921.82 |
2.18 |
|||||||||
Table
2. Based on hypothetical 5% return (before expenses) |
||||||||||||||||
Guggenheim
China All-Cap ETF |
0.70 |
% |
5.00 |
% |
$ |
1,000.00 |
$ |
1,021.68 |
$ |
3.57 |
||||||
Guggenheim
China Technology ETF |
0.70 |
% |
5.00 |
% |
1,000.00 |
1,021.68 |
3.57 |
|||||||||
Guggenheim
Emerging Markets Real Estate ETF |
0.65 |
% |
5.00 |
% |
1,000.00 |
1.021.93 |
3.31 |
|||||||||
Guggenheim
Solar ETF |
0.70 |
% |
5.00 |
% |
1,000.00 |
1,021.68 |
3.57 |
|||||||||
Guggenheim
S&P Global Water Index ETF |
0.64 |
% |
5.00 |
% |
1,000.00 |
1,021.98 |
3.26 |
|||||||||
Guggenheim
S&P High Income Infrastructure ETF |
0.45 |
% |
5.00 |
% |
1,000.00 |
1,022.94 |
2.29 |
1 |
Annualized
and excludes expenses of the underlying funds in which the Funds invest,
if any. |
2 |
Expenses
are equal to the Fund's annualized expense ratio, net of any applicable
fee waivers, multiplied by the average account value over the period,
multiplied by 184/365 (to reflect the one-half year period). |
3 |
Actual
cumulative return at net asset value for the period February 28, 2015 to
August 31, 2015. |
26
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% |
|||||||
Financial
- 36.6% |
|||||||
China
Construction Bank Corp. — Class H |
2,059,549 |
$ |
1,448,318 |
||||
Industrial
& Commercial Bank of China Ltd. — Class H |
2,367,126 |
1,398,886 |
|||||
Bank
of China Ltd. — Class H |
2,343,466 |
1,070,428 |
|||||
China
Life Insurance Company Ltd. — Class H |
254,995 |
881,784 |
|||||
Ping
An Insurance Group Company of China Ltd. — Class H |
159,852 |
782,754 |
|||||
Bank
of Communications Company Ltd. — Class H |
703,993 |
530,489 |
|||||
China
Overseas Land & Investment Ltd. |
163,995 |
480,343 |
|||||
China
Merchants Bank Company Ltd. — Class H |
156,993 |
373,945 |
|||||
CITIC
Ltd. |
185,000 |
338,966 |
|||||
Agricultural
Bank of China Ltd. — Class H |
816,982 |
329,953 |
|||||
PICC
Property & Casualty Company Ltd. — Class H |
153,995 |
292,489 |
|||||
China
Pacific Insurance Group Company Ltd. — Class H |
66,000 |
240,153 |
|||||
China
Minsheng Banking Corporation Ltd. — Class H |
219,490 |
212,692 |
|||||
China
Resources Land Ltd. |
81,999 |
204,625 |
|||||
Haitong
Securities Company Ltd. — Class H |
116,800 |
168,492 |
|||||
China
CITIC Bank Corporation Ltd. — Class H* |
267,993 |
164,253 |
|||||
China
Cinda Asset Management Company Ltd. — Class H |
396,000 |
147,158 |
|||||
Huishang
Bank Corporation Ltd. — Class H |
266,000 |
119,442 |
|||||
People's
Insurance Company Group of China Ltd. — Class H |
246,000 |
116,492 |
|||||
China
Taiping Insurance Holdings Company Ltd.* |
39,600 |
111,901 |
|||||
Evergrande
Real Estate Group Ltd.1 |
163,994 |
107,918 |
|||||
China
Vanke Company Ltd. — Class H |
44,496 |
101,163 |
|||||
Country
Garden Holdings Company Ltd. |
280,873 |
98,577 |
|||||
Sino-Ocean
Land Holdings Ltd. |
128,493 |
67,148 |
|||||
China
Everbright Ltd. |
32,000 |
66,890 |
|||||
New
China Life Insurance Company Ltd. — Class H |
16,800 |
65,682 |
|||||
Shimao
Property Holdings Ltd. |
42,499 |
59,663 |
|||||
CITIC
Securities Company Ltd. — Class H |
28,001 |
56,146 |
|||||
Longfor
Properties Company Ltd. |
45,499 |
55,009 |
|||||
Chongqing
Rural Commercial Bank Company Ltd. — Class H |
84,994 |
49,680 |
|||||
Shanghai
Industrial Holdings Ltd. |
18,000 |
43,896 |
|||||
Renhe
Commercial Holdings Company Ltd.*,1 |
777,930 |
43,162 |
|||||
Far
East Horizon Ltd. |
54,000 |
42,991 |
|||||
Bank
of Chongqing Company Ltd. — Class H |
52,500 |
38,613 |
|||||
Yuexiu
Property Company Ltd. |
225,992 |
35,575 |
|||||
Sunac
China Holdings Ltd. |
61,000 |
32,979 |
|||||
Guangzhou
R&F Properties Company Ltd. — Class H |
34,400 |
31,426 |
|||||
Shenzhen
Investment Ltd. |
85,999 |
30,405 |
|||||
Harbin
Bank Company Ltd. — Class H2 |
101,000 |
30,235 |
|||||
KWG
Property Holding Ltd. |
44,815 |
28,334 |
|||||
Franshion
Properties China Ltd. |
109,998 |
27,535 |
|||||
SOHO
China Ltd. |
63,999 |
27,334 |
|||||
Shui
On Land Ltd. |
117,493 |
25,772 |
|||||
Agile
Property Holdings Ltd. |
52,000 |
25,497 |
|||||
China
South City Holdings Ltd.1 |
88,000 |
22,710 |
|||||
Greentown
China Holdings Ltd.*,1 |
27,500 |
21,326 |
|||||
Guotai
Junan International Holdings Ltd. |
79,000 |
20,693 |
|||||
Poly
Property Group Company Ltd.1 |
66,999 |
17,895 |
|||||
Yanlord
Land Group Ltd. |
21,400 |
16,464 |
|||||
Hopson
Development Holdings Ltd.* |
20,000 |
15,381 |
|||||
E-House
China Holdings Ltd. ADR1 |
2,523 |
14,255 |
|||||
China
Overseas Grand Oceans Group Ltd. |
31,000 |
9,800 |
|||||
Kaisa
Group Holdings Ltd.*,†††,3 |
113,999 |
— |
|||||
Total
Financial |
10,743,717 |
||||||
Communications
- 24.8% |
|||||||
Tencent
Holdings Ltd. |
114,442 |
1,946,240 |
|||||
China
Mobile Ltd. |
140,451 |
1,701,711 |
|||||
Baidu,
Inc. ADR*,1 |
7,306 |
1,075,808 |
|||||
Alibaba
Group Holding Ltd. ADR*,1 |
12,786 |
845,410 |
|||||
Ctrip.com
International Ltd. ADR* |
4,855 |
322,615 |
|||||
China
Telecom Corporation Ltd. — Class H |
469,981 |
246,208 |
|||||
China
Unicom Hong Kong Ltd. |
153,995 |
202,279 |
|||||
Vipshop
Holdings Ltd. ADR* |
10,550 |
189,795 |
|||||
Qihoo
360 Technology Company Ltd. ADR* |
3,023 |
159,826 |
|||||
SINA
Corp.*,1 |
1,974 |
76,493 |
|||||
Youku
Tudou, Inc. ADR* |
3,834 |
63,683 |
|||||
ZTE
Corp. — Class H |
27,248 |
54,918 |
|||||
YY,
Inc. ADR*,1 |
1,003 |
54,784 |
|||||
Sohu.com,
Inc.*,1 |
1,026 |
48,561 |
|||||
Autohome,
Inc. ADR*,1 |
1,401 |
43,599 |
|||||
SouFun
Holdings Ltd. ADR1 |
6,794 |
37,095 |
|||||
China
Communications Services Corp. Ltd. — Class H |
91,993 |
33,829 |
|||||
21Vianet
Group, Inc. ADR* |
1,575 |
28,019 |
|||||
58.com,
Inc. ADR*,1 |
542 |
24,639 |
|||||
Bitauto
Holdings Ltd.*,1 |
787 |
21,131 |
|||||
51job,
Inc. ADR* |
679 |
18,204 |
|||||
Coolpad
Group Ltd. |
84,000 |
15,608 |
|||||
CITIC
Telecom International Holdings Ltd. |
45,000 |
14,400 |
|||||
TCL
Communication Technology Holdings Ltd.1 |
19,000 |
12,846 |
|||||
BYD
Electronic International Company Ltd.*,1 |
21,500 |
12,428 |
|||||
E-Commerce
China Dangdang, Inc. — Class A ADR*,1 |
1,891 |
11,289 |
|||||
Total
Communications |
7,261,418 |
||||||
Energy
- 9.1% |
|||||||
CNOOC
Ltd. |
547,990 |
679,503 |
|||||
PetroChina
Company Ltd. — Class H |
721,986 |
599,943 |
|||||
China
Petroleum & Chemical Corp. — Class H |
873,183 |
581,367 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 27 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% (continued) |
|||||||
Energy
- 9.1% (continued) |
|||||||
China
Shenhua Energy Company Ltd. — Class H |
116,996 |
$ |
202,892 |
||||
China
Longyuan Power Group Corporation Ltd. — Class H |
114,998 |
122,121 |
|||||
Kunlun
Energy Company Ltd.1 |
105,994 |
74,948 |
|||||
China
Coal Energy Company Ltd. — Class H |
136,993 |
63,989 |
|||||
China
Oilfield Services Ltd. — Class H |
57,999 |
62,414 |
|||||
GCL-Poly
Energy Holdings Ltd.*,1 |
352,995 |
56,479 |
|||||
Xinyi
Solar Holdings Ltd.1 |
112,000 |
37,429 |
|||||
Sinopec
Engineering Group Company Ltd. — Class H |
38,500 |
33,234 |
|||||
Yanzhou
Coal Mining Company Ltd. — Class H |
61,999 |
29,279 |
|||||
Trina
Solar Ltd. ADR* |
2,959 |
26,335 |
|||||
Sinopec
Oilfield Service Corp. — Class H*,1 |
70,000 |
20,413 |
|||||
Beijing
Jingneng Clean Energy Co. Ltd. — Class H |
70,000 |
20,232 |
|||||
Sinopec
Kantons Holdings Ltd.1 |
38,000 |
20,152 |
|||||
Shougang
Fushan Resources Group Ltd. |
134,000 |
16,944 |
|||||
United
Energy Group Ltd.* |
129,994 |
14,928 |
|||||
CIMC
Enric Holdings Ltd. |
20,000 |
10,529 |
|||||
China
Suntien Green Energy Corporation Ltd. — Class H1 |
60,000 |
9,677 |
|||||
Total
Energy |
2,682,808 |
||||||
Consumer,
Non-cyclical - 8.6% |
|||||||
Hengan
International Group Company Ltd. |
27,501 |
269,863 |
|||||
Want
Want China Holdings Ltd. |
233,993 |
188,703 |
|||||
China
Mengniu Dairy Company Ltd. |
42,999 |
150,357 |
|||||
Sinopharm
Group Company Ltd. — Class H |
35,601 |
134,824 |
|||||
WH
Group Ltd.*,2 |
237,500 |
124,725 |
|||||
Sino
Biopharmaceutical Ltd. |
103,995 |
123,450 |
|||||
WuXi
PharmaTech Cayman, Inc. ADR* |
2,419 |
102,227 |
|||||
COSCO
Pacific Ltd.†† |
74,000 |
97,393 |
|||||
Tingyi
Cayman Islands Holding Corp. |
61,999 |
95,358 |
|||||
New
Oriental Education & Technology Group ADR* |
4,447 |
91,119 |
|||||
Mindray
Medical International Ltd. ADR |
3,000 |
72,660 |
|||||
China
Huishan Dairy Holdings Company Ltd.1 |
195,000 |
71,458 |
|||||
Sihuan
Pharmaceutical Holdings Group Ltd.†††,3 |
288,988 |
69,357 |
|||||
Tsingtao
Brewery Company Ltd. — Class H |
14,000 |
68,825 |
|||||
CSPC
Pharmaceutical Group Ltd. |
72,000 |
65,961 |
|||||
China
Conch Venture Holdings Ltd. |
27,000 |
59,504 |
|||||
Uni-President
China Holdings Ltd. |
62,000 |
56,160 |
|||||
Zhejiang
Expressway Company Ltd. — Class H |
49,999 |
53,677 |
|||||
Shandong
Weigao Group Medical Polymer Company |
|||||||
Ltd.
— Class H |
72,001 |
50,354 |
|||||
Shenzhen
International Holdings Ltd. |
34,323 |
47,476 |
|||||
China
Medical System Holdings Ltd. |
43,495 |
47,255 |
|||||
Jiangsu
Expressway Company Ltd. — Class H |
38,000 |
44,913 |
|||||
Luye
Pharma Group Ltd.* |
51,500 |
43,858 |
|||||
TAL
Education Group ADR*,1 |
1,324 |
40,607 |
|||||
Shanghai
Fosun Pharmaceutical Group Company Ltd. — |
|||||||
Class
H |
11,000 |
32,148 |
|||||
Guangzhou
Baiyunshan Pharmaceutical Holdings |
|||||||
Company
Ltd. — Class H |
12,000 |
29,109 |
|||||
China
Agri-Industries Holdings Ltd.* |
75,999 |
28,830 |
|||||
Tong
Ren Tang Technologies Company Ltd. — Class H |
20,000 |
25,858 |
|||||
CP
Pokphand Company Ltd. |
225,993 |
24,203 |
|||||
SSY
Group Ltd. |
78,000 |
22,444 |
|||||
Fu
Shou Yuan International Group Ltd. |
36,000 |
21,042 |
|||||
China
Modern Dairy Holdings Ltd. |
77,989 |
20,327 |
|||||
Phoenix
Healthcare Group Company Ltd. |
13,500 |
19,579 |
|||||
Vinda
International Holdings Ltd. |
9,000 |
17,350 |
|||||
Shenzhen
Expressway Company Ltd. — Class H |
26,000 |
16,975 |
|||||
China
Shengmu Organic Milk Ltd.*,2 |
77,000 |
16,890 |
|||||
Hua
Han Bio-Pharmaceutical Holdings Ltd. |
123,200 |
15,738 |
|||||
Tibet
5100 Water Resources Holdings Ltd. |
50,000 |
13,484 |
|||||
China
Shineway Pharmaceutical Group Ltd. |
9,000 |
10,800 |
|||||
China
Yurun Food Group Ltd.* |
45,000 |
10,393 |
|||||
China
Animal Healthcare Ltd.*,†††,3 |
36,000 |
10,219 |
|||||
Wumart
Stores, Inc. — Class H* |
17,000 |
9,169 |
|||||
Total
Consumer, Non-cyclical |
2,514,642 |
||||||
Industrial
- 6.6% |
|||||||
China
Communications Construction Company Ltd. — |
|||||||
Class
H |
148,993 |
177,253 |
|||||
AAC
Technologies Holdings, Inc. |
25,482 |
143,520 |
|||||
Anhui
Conch Cement Company Ltd. — Class H |
45,500 |
137,673 |
|||||
China
Everbright International Ltd. |
91,999 |
120,370 |
|||||
China
Railway Group Ltd. — Class H |
127,993 |
114,781 |
|||||
China
State Construction International Holdings Ltd.1 |
61,999 |
81,918 |
|||||
China
Railway Construction Corporation Ltd. — Class H |
56,999 |
74,723 |
|||||
Yangzijiang
Shipbuilding Holdings Ltd. |
95,500 |
74,487 |
|||||
China
COSCO Holdings Company Ltd. — Class H*,††,1 |
108,499 |
69,159 |
|||||
China
Shipping Container Lines Company Ltd. — |
|||||||
Class
H*,††,1 |
157,994 |
63,401 |
|||||
Beijing
Capital International Airport Company Ltd. — Class H |
54,000 |
58,111 |
|||||
China
National Building Material Company Ltd. — Class H |
97,998 |
57,154 |
|||||
Shanghai
Electric Group Company Ltd. — Class H |
101,998 |
56,328 |
|||||
AviChina
Industry & Technology Company Ltd. — Class H |
78,999 |
54,942 |
|||||
Tech
Pro Technology Development Ltd.*,1 |
176,000 |
42,921 |
|||||
Metallurgical
Corporation of China Ltd. — Class H†† |
113,999 |
42,069 |
|||||
Lee
& Man Paper Manufacturing Ltd. |
72,999 |
41,821 |
|||||
China
Shipping Development Co. Ltd. — Class H†† |
54,000 |
38,253 |
|||||
Sunny
Optical Technology Group Company Ltd.1 |
22,000 |
36,676 |
|||||
China
Shanshui Cement Group Ltd.*,†††,1,3 |
105,999 |
36,381 |
|||||
Haitian
International Holdings Ltd. |
20,000 |
36,284 |
28
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% (continued) |
|||||||
Industrial
- 6.6% (continued) |
|||||||
China
International Marine Containers Group Co. |
|||||||
Ltd.
— Class H |
20,200 |
$ |
35,969 |
||||
China
Resources Cement Holdings Ltd. |
62,000 |
30,480 |
|||||
CT
Environmental Group Ltd. |
78,000 |
25,564 |
|||||
BBMG
Corp. — Class H |
39,500 |
25,484 |
|||||
Sinotrans
Ltd. — Class H |
55,000 |
25,264 |
|||||
Xinjiang
Goldwind Science & Technology Company Ltd. — |
|||||||
Class
H |
14,200 |
24,149 |
|||||
China
High Speed Transmission Equipment Group Co. Ltd.* |
35,000 |
24,071 |
|||||
China
Machinery Engineering Corp. — Class H |
31,000 |
22,960 |
|||||
China
Lesso Group Holdings Ltd. |
32,000 |
22,462 |
|||||
SITC
International Holdings Company Ltd. |
43,000 |
21,583 |
|||||
Guangshen
Railway Company Ltd. — Class H |
48,000 |
19,819 |
|||||
Zoomlion
Heavy Industry Science and Technology Company |
|||||||
Ltd.
— Class H |
48,399 |
19,484 |
|||||
SIIC
Environment Holdings Ltd.* |
150,600 |
18,047 |
|||||
China
Zhongwang Holdings Ltd. |
50,399 |
17,493 |
|||||
Dongfang
Electric Corporation Ltd. — Class H |
11,200 |
12,443 |
|||||
Harbin
Electric Company Ltd. — Class H |
22,000 |
11,525 |
|||||
China
Singyes Solar Technologies Holdings Ltd.* |
17,000 |
10,551 |
|||||
China
Huarong Energy Company Ltd.*,1 |
165,494 |
6,620 |
|||||
Total
Industrial |
1,932,193 |
||||||
Consumer,
Cyclical - 5.9% |
|||||||
Belle
International Holdings Ltd. |
161,993 |
148,196 |
|||||
China
Resources Enterprise Ltd.1 |
38,000 |
119,393 |
|||||
Great
Wall Motor Company Ltd. — Class H |
37,500 |
100,160 |
|||||
Dongfeng
Motor Group Company Ltd. — Class H |
98,000 |
98,631 |
|||||
Byd
Company Ltd. — Class H* |
21,500 |
87,803 |
|||||
Shenzhou
International Group Holdings Ltd. |
16,999 |
85,872 |
|||||
Brilliance
China Automotive Holdings Ltd. |
69,996 |
84,537 |
|||||
Haier
Electronics Group Company Ltd. |
42,000 |
75,329 |
|||||
ANTA
Sports Products Ltd. |
29,000 |
73,042 |
|||||
Geely
Automobile Holdings Ltd. |
169,993 |
65,803 |
|||||
GOME
Electrical Appliances Holding Ltd. |
394,991 |
62,688 |
|||||
Sun
Art Retail Group Ltd.1 |
74,999 |
62,515 |
|||||
Air
China Ltd. — Class H |
73,999 |
53,470 |
|||||
Guangzhou
Automobile Group Company Ltd. — Class H |
75,999 |
53,444 |
|||||
Shanghai
Pharmaceuticals Holding Company Ltd. — Class H |
21,800 |
45,456 |
|||||
China
Southern Airlines Company Ltd. — Class H |
62,000 |
40,400 |
|||||
Minth
Group Ltd. |
22,000 |
38,266 |
|||||
Xinyi
Glass Holdings Ltd.1 |
83,999 |
37,718 |
|||||
Weichai
Power Company Ltd. — Class H |
34,800 |
37,449 |
|||||
Intime
Retail Group Company Ltd.1 |
33,500 |
35,229 |
|||||
Skyworth
Digital Holdings Ltd. |
59,999 |
34,606 |
|||||
China
Eastern Airlines Corporation Ltd. — Class H* |
60,000 |
31,974 |
|||||
China
Travel International Investment Hong Kong Ltd. |
85,999 |
29,961 |
|||||
China
Dongxiang Group Company Ltd. |
115,000 |
28,639 |
|||||
Homeinns
Hotel Group* |
1,027 |
27,318 |
|||||
Digital
China Holdings Ltd.* |
31,000 |
27,120 |
|||||
China
Lodging Group Ltd. ADR* |
953 |
24,444 |
|||||
Li
Ning Company Ltd.* |
50,500 |
23,328 |
|||||
Golden
Eagle Retail Group Ltd.1 |
19,000 |
21,157 |
|||||
REXLot
Holdings Ltd.†††,1,3 |
399,993 |
15,329 |
|||||
Shanghai
Jin Jiang International Hotels Group Co. |
|||||||
Ltd.
— Class H |
46,000 |
14,067 |
|||||
Dah
Chong Hong Holdings Ltd.1 |
31,000 |
11,200 |
|||||
China
ZhengTong Auto Services Holdings Ltd. |
27,500 |
10,893 |
|||||
Bosideng
International Holdings Ltd. |
107,999 |
10,033 |
|||||
Zhongsheng
Group Holdings Ltd. |
21,500 |
8,988 |
|||||
Baoxin
Auto Group Ltd. |
26,500 |
8,959 |
|||||
Ajisen
China Holdings Ltd. |
18,000 |
7,014 |
|||||
Total
Consumer, Cyclical |
1,740,431 |
||||||
Utilities
- 3.7% |
|||||||
China
Resources Power Holdings Company Ltd. |
61,999 |
151,837 |
|||||
Huaneng
Power International, Inc. — Class H |
119,994 |
138,263 |
|||||
Guangdong
Investment Ltd. |
99,998 |
135,222 |
|||||
China
Gas Holdings Ltd. |
79,999 |
116,849 |
|||||
Beijing
Enterprises Water Group Ltd.*,1 |
157,993 |
113,143 |
|||||
Beijing
Enterprises Holdings Ltd. |
17,500 |
102,177 |
|||||
China
Resources Gas Group Ltd. |
30,000 |
79,161 |
|||||
China
Power International Development Ltd. |
90,999 |
60,587 |
|||||
Huadian
Power International Corporation Ltd. — Class H |
62,000 |
50,480 |
|||||
Huaneng
Renewables Corporation Ltd. — Class H |
129,992 |
47,468 |
|||||
Datang
International Power Generation Company |
|||||||
Ltd.
— Class H |
105,996 |
42,808 |
|||||
Huadian
Fuxin Energy Corporation Ltd. — Class H |
78,000 |
27,375 |
|||||
China
Oil & Gas Group Ltd. |
97,992 |
6,196 |
|||||
Total
Utilities |
1,071,566 |
||||||
Technology
- 2.4% |
|||||||
NetEase,
Inc. ADR |
2,504 |
278,394 |
|||||
Lenovo
Group Ltd. |
213,995 |
175,613 |
|||||
Semiconductor
Manufacturing International Corp.* |
905,983 |
79,492 |
|||||
Kingsoft
Corporation Ltd.1 |
31,000 |
65,360 |
|||||
TravelSky
Technology Ltd. — Class H |
29,000 |
35,137 |
|||||
NetDragon
Websoft, Inc. |
9,500 |
22,677 |
|||||
Shanda
Games Ltd. ADR* |
3,164 |
20,471 |
|||||
Ju
Teng International Holdings Ltd. |
32,000 |
12,222 |
|||||
Shunfeng
International Clean Energy Ltd.* |
38,000 |
9,120 |
|||||
Total
Technology |
698,486 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 29 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% (continued) |
|||||||
Basic
Materials - 1.4% |
|||||||
Jiangxi
Copper Company Ltd. — Class H |
45,999 |
$ |
58,106 |
||||
Zijin
Mining Group Company Ltd. — Class H |
199,992 |
51,610 |
|||||
Aluminum
Corporation of China Ltd. — Class H* |
129,994 |
43,443 |
|||||
Sinopec
Shanghai Petrochemical Company Ltd. — Class H* |
115,998 |
42,358 |
|||||
Nine
Dragons Paper Holdings Ltd. |
53,999 |
30,309 |
|||||
Kingboard
Chemical Holdings Ltd. |
20,300 |
26,351 |
|||||
China
Molybdenum Co. Ltd. — Class H1 |
42,000 |
22,761 |
|||||
Huabao
International Holdings Ltd. |
66,999 |
22,304 |
|||||
China
BlueChemical Ltd. — Class H |
61,999 |
17,600 |
|||||
Angang
Steel Company Ltd. — Class H |
38,000 |
17,014 |
|||||
China
Hongqiao Group Ltd.1 |
33,500 |
16,037 |
|||||
Zhaojin
Mining Industry Company Ltd. — Class H1 |
29,500 |
14,692 |
|||||
Kingboard
Laminates Holdings Ltd. |
36,500 |
14,506 |
|||||
Yingde
Gases Group Company Ltd. |
33,500 |
13,962 |
|||||
Maanshan
Iron & Steel Company Ltd. — Class H*,1 |
62,000 |
13,920 |
|||||
Dongyue
Group Ltd. |
42,000 |
10,080 |
|||||
North
Mining Shares Company Ltd. — Class C* |
400,000 |
5,574 |
|||||
Total
Basic Materials |
420,627 |
||||||
Diversified
- 0.8% |
|||||||
China
Merchants Holdings International Company Ltd. |
58,000 |
193,831 |
|||||
Carnival
Group International Holdings Ltd.* |
280,000 |
35,045 |
|||||
Total
Diversified |
228,876 |
||||||
Total
Common Stocks |
|||||||
(Cost
$33,819,071) |
29,294,764 |
||||||
SECURITIES
LENDING COLLATERAL†,4 -
14.0% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.1276% |
4,092,518 |
4,092,518 |
|||||
Total
Securities Lending Collateral |
|||||||
(Cost
$4,092,518) |
4,092,518 |
||||||
Total
Investments - 113.9% |
|||||||
(Cost
$37,911,589) |
$ |
33,387,282 |
|||||
Other
Assets & Liabilities, net - (13.9)% |
(4,079,158 |
) | |||||
Total
Net Assets - 100.0% |
$ |
29,308,124 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs, unless otherwise noted —See Note
4. | |
†† |
Value
determined based on Level 2 inputs — See Note 4. | |
††† |
Value
determined based on Level 3 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Security
is a 144A or Section 4(a)(2) security. The total market value of 144A or
Section 4(a)(2) securities is $171,850 (cost $183,491), or 0.6% of total
net assets. These securities have been determined to be liquid under
guidelines established by the Board of Trustees. | |
3 |
Security
was fair valued by the Valuation Committee at August 31, 2015. The total
market value of fair valued securities amounts to $131,286, (cost
$258,889) or 0.4% of total net assets. | |
4 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt |
Country
Diversification | ||
%
of Common | ||
Country |
Stocks | |
China |
99.4% | |
Singapore |
0.4% | |
United
States |
0.2% | |
Total
Common Stocks |
100.0% |
Currency
Denomination | ||
%
of Common | ||
Currency |
Stocks | |
Hong
Kong Dollar |
86.2% | |
United
States Dollar |
12.7% | |
Chinese
Yuan Renminbi |
0.7% | |
Singapore
Dollar |
0.4% | |
Total
Common Stocks |
100.0% |
See
notes to financial statements. |
30
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% |
|||||||
Communications
- 55.7% |
|||||||
Tencent
Holdings Ltd. |
324,557 |
$ |
5,519,528 |
||||
Baidu,
Inc. ADR* |
28,341 |
4,173,213 |
|||||
Alibaba
Group Holding Ltd. ADR* |
59,986 |
3,966,274 |
|||||
Qihoo
360 Technology Company Ltd. ADR* |
39,093 |
2,066,847 |
|||||
SINA
Corp.*,1 |
33,748 |
1,307,735 |
|||||
Youku
Tudou, Inc. ADR*,1 |
65,600 |
1,089,616 |
|||||
YY,
Inc. ADR*,1 |
16,957 |
926,191 |
|||||
ZTE
Corp. — Class H |
436,136 |
879,019 |
|||||
Sohu.com,
Inc.*,1 |
17,576 |
831,872 |
|||||
Autohome,
Inc. ADR* |
23,916 |
744,266 |
|||||
SouFun
Holdings Ltd. ADR1 |
115,856 |
632,574 |
|||||
21Vianet
Group, Inc. ADR*,1 |
26,842 |
477,519 |
|||||
58.com,
Inc. ADR*,1 |
9,253 |
420,641 |
|||||
Bitauto
Holdings Ltd.* |
13,410 |
360,059 |
|||||
Coolpad
Group Ltd. |
1,562,670 |
290,352 |
|||||
TCL
Communication Technology Holdings Ltd. |
368,799 |
249,354 |
|||||
BYD
Electronic International Company Ltd. |
363,223 |
209,965 |
|||||
China
All Access Holdings Ltd. |
657,310 |
206,945 |
|||||
Suncorp
Technologies Ltd.*,1 |
7,014,727 |
205,462 |
|||||
China
Fiber Optic Network System Group Ltd.††,1 |
821,733 |
166,466 |
|||||
Renren,
Inc. ADR*,1 |
51,380 |
162,875 |
|||||
Weibo
Corp ADR* |
10,449 |
126,746 |
|||||
V1
Group Ltd.* |
1,691,972 |
113,525 |
|||||
Comba
Telecom Systems Holdings Ltd.1 |
577,604 |
112,539 |
|||||
Phoenix
New Media Ltd. ADR*,1 |
17,170 |
82,244 |
|||||
China
Public Procurement Ltd.*,1 |
4,953,802 |
75,425 |
|||||
Pacific
Online Ltd. |
229,315 |
64,800 |
|||||
Synertone
Communication Corp. |
2,840,980 |
57,186 |
|||||
Total
Communications |
25,519,238 |
||||||
Technology
- 25.2% |
|||||||
NetEase,
Inc. ADR |
30,149 |
3,351,966 |
|||||
Lenovo
Group Ltd. |
2,758,701 |
2,263,900 |
|||||
Semiconductor
Manufacturing International Corp.* |
15,329,220 |
1,345,007 |
|||||
Kingsoft
Corporation Ltd.1 |
487,158 |
1,027,111 |
|||||
TravelSky
Technology Ltd. — Class H |
541,047 |
655,536 |
|||||
NetDragon
Websoft, Inc.1 |
148,821 |
355,248 |
|||||
PAX
Global Technology Ltd.1 |
379,727 |
353,756 |
|||||
Shanda
Games Ltd. ADR* |
54,576 |
353,107 |
|||||
Kingdee
International Software Group Company Ltd.1 |
979,258 |
336,104 |
|||||
Chinasoft
International Ltd.*,1 |
727,230 |
238,342 |
|||||
Ju
Teng International Holdings Ltd. |
510,033 |
194,798 |
|||||
Shunfeng
International Clean Energy Ltd.* |
730,121 |
175,228 |
|||||
Changyou.com
Ltd. ADR* |
6,585 |
138,219 |
|||||
NQ
Mobile, Inc. ADR*,1 |
30,175 |
124,321 |
|||||
Tian
Ge Interactive Holdings Ltd.2 |
329,182 |
123,177 |
|||||
Boyaa
Interactive International Ltd. |
267,001 |
113,001 |
|||||
Cheetah
Mobile Inc ADR*,1 |
6,354 |
109,734 |
|||||
Shanghai
Fudan Microelectronics Group Company |
|||||||
Ltd.
— Class H |
149,204 |
98,570 |
|||||
TPV
Technology Ltd.1 |
532,802 |
81,810 |
|||||
China
ITS Holdings Company Ltd.* |
660,793 |
77,589 |
|||||
Total
Technology |
11,516,524 |
||||||
Industrial
- 9.4% |
|||||||
AAC
Technologies Holdings, Inc. |
428,228 |
2,411,875 |
|||||
Sunny
Optical Technology Group Company Ltd.1 |
388,862 |
648,266 |
|||||
Wasion
Group Holdings Ltd. |
279,633 |
269,529 |
|||||
Tongda
Group Holdings Ltd. |
1,702,040 |
263,540 |
|||||
Truly
International Holdings Ltd. |
825,856 |
203,532 |
|||||
Hi
Sun Technology China Ltd.* |
1,051,302 |
173,633 |
|||||
China
Aerospace International Holdings Ltd. |
1,080,357 |
151,946 |
|||||
GCL
New Energy Holdings Ltd.*,1 |
1,573,577 |
95,429 |
|||||
Yingli
Green Energy Holding Company Ltd. ADR* |
73,262 |
54,947 |
|||||
Kingwell
Group Ltd.* |
986,146 |
40,082 |
|||||
Total
Industrial |
4,312,779 |
||||||
Energy
- 5.4% |
|||||||
GCL-Poly
Energy Holdings Ltd. |
6,090,446 |
974,465 |
|||||
Xinyi
Solar Holdings Ltd. |
1,939,968 |
648,321 |
|||||
Trina
Solar Ltd. ADR*,1 |
50,463 |
449,121 |
|||||
JinkoSolar
Holding Company Ltd. ADR*,1 |
11,647 |
237,016 |
|||||
JA
Solar Holdings Company Ltd. ADR*,1 |
22,492 |
180,161 |
|||||
Total
Energy |
2,489,084 |
||||||
Basic
Materials - 1.8% |
|||||||
Kingboard
Chemical Holdings Ltd. |
354,591 |
460,279 |
|||||
Kingboard
Laminates Holdings Ltd. |
623,653 |
247,850 |
|||||
Landing
International Development Ltd.* |
3,850,055 |
118,730 |
|||||
Total
Basic Materials |
826,859 |
||||||
Consumer,
Cyclical - 1.3% |
|||||||
Digital
China Holdings Ltd.* |
523,490 |
457,966 |
|||||
VST
Holdings Ltd. |
420,800 |
125,425 |
|||||
Total
Consumer, Cyclical |
583,391 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 31 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.9% (continued) |
|||||||
Consumer,
Non-cyclical - 0.9% |
|||||||
China
Innovationpay Group Ltd.* |
2,550,566 |
$ |
154,678 |
||||
HC
International, Inc.* |
252,254 |
108,388 |
|||||
Goldpac
Group Ltd.1 |
183,625 |
99,275 |
|||||
Anxin-China
Holdings Ltd.†††,3 |
2,144,054 |
47,031 |
|||||
Total
Consumer, Non-cyclical |
409,372 |
||||||
Diversified
- 0.2% |
|||||||
Beijing
Development HK Ltd.* |
420,555 |
91,165 |
|||||
Total
Common Stocks |
|||||||
(Cost
$59,152,490) |
45,748,412 |
||||||
SECURITIES
LENDING COLLATERAL†,4 -
22.7% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.1277% |
10,416,106 |
10,416,106 |
|||||
Total
Securities Lending Collateral |
|||||||
(Cost
$10,416,106) |
10,416,106 |
||||||
Total
Investments - 122.6% |
|||||||
(Cost
$69,568,596) |
$ |
56,164,518 |
|||||
Other
Assets & Liabilities, net - (22.6)% |
(10,360,982 |
) | |||||
Total
Net Assets - 100.0% |
$ |
45,803,536 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs, unless otherwise noted —See Note
4. | |
†† |
Value
determined based on Level 2 inputs — See Note 4. | |
††† |
Value
determined based on Level 3 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Security
is a 144A or Section 4(a)(2) security. The total market value of 144A or
Section 4(a)(2) securities is $123,177 (cost $181,359), or 0.3% of total
net assets. These securities have been determined to be liquid under
guidelines established by the Board of Trustees. | |
3 |
Security
was fair valued by the Valuation Committee at August 31, 2015. The total
market value of fair valued securities amounts to $47,031, (cost $436,315)
or 0.1% of total net assets. | |
4 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt |
Country
Diversification | ||
%
of Common | ||
Country |
Stocks | |
China |
100.0% |
Currency
Denomination | ||
%
of Common | ||
Currency |
Stocks | |
Hong
Kong Dollar |
51.1% | |
United
States Dollar |
48.9% | |
Total
Common Stocks |
100.0% |
See
notes to financial statements. |
32
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
100.0% |
|||||||
China
- 33.3% |
|||||||
China
Overseas Land & Investment Ltd. |
42,000 |
$ |
123,020 |
||||
China
Resources Land Ltd. |
32,000 |
79,856 |
|||||
Evergrande
Real Estate Group Ltd.1 |
76,000 |
50,013 |
|||||
China
Vanke Company Ltd. — Class H |
21,000 |
47,744 |
|||||
Country
Garden Holdings Company Ltd. |
128,000 |
44,924 |
|||||
Sino-Ocean
Land Holdings Ltd. |
66,000 |
34,490 |
|||||
Shimao
Property Holdings Ltd. |
22,500 |
31,587 |
|||||
Longfor
Properties Company Ltd. |
22,500 |
27,203 |
|||||
Yuexiu
Property Company Ltd. |
120,000 |
18,890 |
|||||
Sunac
China Holdings Ltd. |
32,000 |
17,301 |
|||||
KWG
Property Holding Ltd. |
26,631 |
16,838 |
|||||
Carnival
Group International Holdings Ltd.* |
130,000 |
16,271 |
|||||
Guangzhou
R&F Properties Company Ltd. — Class H |
17,200 |
15,713 |
|||||
SOHO
China Ltd. |
34,000 |
14,521 |
|||||
Shenzhen
Investment Ltd. |
38,000 |
13,435 |
|||||
Shui
On Land Ltd. |
60,500 |
13,271 |
|||||
China
South City Holdings Ltd. |
50,000 |
12,903 |
|||||
Agile
Property Holdings Ltd. |
26,000 |
12,748 |
|||||
Greentown
China Holdings Ltd.*,1 |
16,000 |
12,408 |
|||||
Renhe
Commercial Holdings Company Ltd.*,1 |
198,000 |
10,986 |
|||||
Franshion
Properties China Ltd. |
42,000 |
10,513 |
|||||
Poly
Property Group Company Ltd. |
36,000 |
9,615 |
|||||
E-House
China Holdings Ltd. ADR |
1,305 |
7,373 |
|||||
Beijing
Capital Land Ltd. — Class H |
18,000 |
7,200 |
|||||
Logan
Property Holdings Company Ltd. |
14,000 |
5,979 |
|||||
Colour
Life Services Group Company Ltd. |
8,000 |
5,915 |
|||||
Glorious
Property Holdings Ltd.* |
42,000 |
4,552 |
|||||
China
Overseas Grand Oceans Group Ltd. |
14,000 |
4,426 |
|||||
Wuzhou
International Holdings Ltd.* |
26,000 |
4,261 |
|||||
Wanda
Hotel Development Company Ltd.* |
28,000 |
4,155 |
|||||
Shanghai
Industrial Urban Development Group Ltd.* |
26,000 |
4,126 |
|||||
Fantasia
Holdings Group Company Ltd. |
30,000 |
3,174 |
|||||
Yuzhou
Properties Company Ltd. |
14,000 |
2,999 |
|||||
Hydoo
International Holding Ltd. |
20,000 |
2,374 |
|||||
Kaisa
Group Holdings Ltd.*,†††,2 |
45,000 |
— |
|||||
Total
China |
690,784 |
||||||
South
Africa - 13.4% |
|||||||
Growthpoint
Properties Ltd. REIT |
34,462 |
67,967 |
|||||
Redefine
Properties Ltd. REIT |
56,570 |
48,960 |
|||||
Resilient
Property Income Fund Ltd. |
5,007 |
42,278 |
|||||
Hyprop
Investments Ltd. REIT |
3,220 |
30,102 |
|||||
Capital
Property Fund Ltd. REIT |
23,393 |
27,513 |
|||||
Attacq
Ltd.* |
11,739 |
19,736 |
|||||
Vukile
Property Fund Ltd. REIT |
7,865 |
10,851 |
|||||
Emira
Property Fund Ltd. REIT |
7,434 |
9,853 |
|||||
S.A.
Corporate Real Estate Fund Nominees Pty Ltd. REIT |
24,043 |
9,244 |
|||||
Arrowhead
Properties Ltd. — Class A REIT |
6,200 |
4,534 |
|||||
Arrowhead
Properties Ltd. — Class B REIT |
6,113 |
4,447 |
|||||
Total
South Africa |
275,485 |
||||||
United
Arab Emirates - 8.8% |
|||||||
Emaar
Properties PJSC |
64,593 |
118,704 |
|||||
Aldar
Properties PJSC |
70,369 |
44,639 |
|||||
Union
Properties PJSC |
23,654 |
6,375 |
|||||
Deyaar
Development PJSC* |
34,677 |
6,278 |
|||||
Eshraq
Properties Company PJSC* |
26,547 |
4,553 |
|||||
Total
United Arab Emirates |
180,549 |
||||||
Philippines
- 8.7% |
|||||||
Ayala
Land, Inc. |
92,900 |
71,454 |
|||||
SM
Prime Holdings, Inc. |
153,600 |
64,083 |
|||||
Megaworld
Corp. |
217,000 |
20,103 |
|||||
Robinsons
Land Corp. |
25,800 |
16,008 |
|||||
Vista
Land & Lifescapes, Inc. |
54,400 |
6,785 |
|||||
Belle
Corp . |
400 |
26 |
|||||
Total
Philippines |
178,459 |
||||||
Mexico
- 7.4% |
|||||||
Fibra
Uno Administracion S.A. de CV REIT |
38,511 |
82,369 |
|||||
Mexico
Real Estate Management S.A. de CV REIT* |
12,800 |
17,362 |
|||||
PLA
Administradora Industrial S de RL de CV REIT* |
8,200 |
15,305 |
|||||
Corporation
Inmobiliaria Vesta SAB de CV |
5,414 |
8,376 |
|||||
Prologis
Property Mexico S.A. de CV REIT* |
5,170 |
8,023 |
|||||
Concentradora
Fibra Hotelera Mexicana S.A. de CV REIT |
7,700 |
7,328 |
|||||
Concentradora
Fibra Danhos S.A. de CV REIT |
3,578 |
7,201 |
|||||
Fibra
Shop Portafolios Inmobiliarios SAPI de CV REIT |
6,053 |
5,768 |
|||||
Asesor
de Activos Prisma SAPI de CV REIT |
4,200 |
3,797 |
|||||
Total
Mexico |
155,529 |
||||||
Indonesia
- 5.1% |
|||||||
Lippo
Karawaci Tbk PT |
355,200 |
27,051 |
|||||
Summarecon
Agung Tbk PT |
154,100 |
17,768 |
|||||
Bumi
Serpong Damai Tbk PT |
146,700 |
16,758 |
|||||
Ciputra
Development Tbk PT |
180,400 |
11,106 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 33 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
100.0% (continued) |
|||||||
Indonesia
- 5.1% (continued) |
|||||||
Pakuwon
Jati Tbk PT |
409,500 |
$ |
11,075 |
||||
Alam
Sutera Realty Tbk PT |
167,700 |
4,225 |
|||||
Kawasan
Industri Jababeka Tbk PT |
286,519 |
4,017 |
|||||
Modernland
Realty Tbk PT |
150,000 |
3,843 |
|||||
Intiland
Development Tbk PT |
103,300 |
3,661 |
|||||
Lippo
Cikarang Tbk PT* |
6,600 |
3,323 |
|||||
Sentul
City Tbk PT* |
376,800 |
1,636 |
|||||
Total
Indonesia |
104,463 |
||||||
Thailand
- 4.8% |
|||||||
Central
Pattana PCL |
22,800 |
28,623 |
|||||
Land
& Houses PCL |
56,900 |
12,382 |
|||||
Hemaraj
Land and Development PCL |
78,200 |
9,381 |
|||||
Pruksa
Real Estate PCL |
11,700 |
8,323 |
|||||
Bangkok
Land PCL |
193,200 |
7,708 |
|||||
Quality
Houses PCL |
77,116 |
5,077 |
|||||
Supalai
PCL |
10,600 |
4,968 |
|||||
WHA
Corporation PCL* |
46,000 |
4,440 |
|||||
LPN
Development PCL |
9,500 |
4,134 |
|||||
Sansiri
PCL |
88,800 |
3,914 |
|||||
U
City PCL — Class F* |
2,858,600 |
3,190 |
|||||
TICON
Industrial Connection PCL — Class F |
8,800 |
2,897 |
|||||
Country
Group Development PCL* |
57,600 |
2,057 |
|||||
Total
Thailand |
97,094 |
||||||
Malaysia
- 3.9% |
|||||||
KLCCP
Stapled Group |
7,300 |
12,167 |
|||||
IOI
Properties Group BHD |
25,500 |
11,111 |
|||||
Sunway
BHD |
11,400 |
9,229 |
|||||
IGB
Real Estate Investment Trust REIT |
26,600 |
8,297 |
|||||
SP
Setia BHD Group |
10,000 |
7,357 |
|||||
Sunway
Real Estate Investment Trust REIT |
18,100 |
6,421 |
|||||
UEM
Sunrise BHD |
31,100 |
6,257 |
|||||
Eastern
& Oriental BHD |
14,740 |
5,370 |
|||||
Mah
Sing Group BHD |
15,375 |
5,088 |
|||||
CapitaMalls
Malaysia Trust REIT |
13,800 |
4,370 |
|||||
IGB
Corporation BHD |
5,900 |
3,709 |
|||||
Sunway
Construction Group BHD* |
1,140 |
304 |
|||||
Total
Malaysia |
79,680 |
||||||
Brazil
- 3.2% |
|||||||
BR
Malls Participacoes S.A. |
8,936 |
|
27,478 |
||||
Multiplan
Empreendimentos Imobiliarios S.A. |
1,438 |
16,258 |
|||||
BR
Properties S.A. |
3,702 |
10,266 |
|||||
Iguatemi
Empresa de Shopping Centers S.A. |
1,144 |
6,470 |
|||||
Aliansce
Shopping Centers S.A. |
1,306 |
3,980 |
|||||
LPS
Brasil Consultoria de Imoveis S.A. |
1,401 |
1,227 |
|||||
Total
Brazil |
65,679 |
||||||
Taiwan,
Province of China - 3.0% |
|||||||
Highwealth
Construction Corp.* |
11,000 |
17,006 |
|||||
Ruentex
Development Company Ltd. |
14,000 |
14,974 |
|||||
Huaku
Development Company Ltd. |
4,000 |
6,454 |
|||||
Prince
Housing & Development Corp. |
20,000 |
5,674 |
|||||
Farglory
Land Development Company Ltd. |
5,000 |
4,641 |
|||||
Chong
Hong Construction Company Ltd. |
3,000 |
4,186 |
|||||
Radium
Life Tech Company Ltd.* |
12,240 |
3,856 |
|||||
Hung
Sheng Construction Ltd.* |
8,000 |
3,664 |
|||||
Kindom
Construction Corp. |
6,000 |
2,729 |
|||||
Total
Taiwan, Province of China |
63,184 |
||||||
Qatar
- 1.9% |
|||||||
Barwa
Real Estate Co. |
2,135 |
25,800 |
|||||
United
Development Company QSC |
1,789 |
11,492 |
|||||
Total
Qatar |
37,292 |
||||||
Egypt
- 1.6% |
|||||||
Talaat
Moustafa Group |
19,449 |
18,356 |
|||||
Medinet
Nasr Housing* |
2,110 |
5,737 |
|||||
Six
of October Development & Investment* |
4,119 |
4,992 |
|||||
Palm
Hills Developments SAE* |
15,499 |
4,097 |
|||||
Total
Egypt |
33,182 |
||||||
Turkey
- 1.4% |
|||||||
Emlak
Konut Gayrimenkul Yatirim Ortakligi AS REIT |
34,213 |
29,265 |
|||||
India
- 1.1% |
|||||||
DLF
Ltd . |
7,700 |
12,846 |
|||||
Housing
Development & Infrastructure Ltd.* |
5,000 |
4,509 |
|||||
Indiabulls
Real Estate Ltd.* |
4,000 |
3,722 |
|||||
Unitech
Ltd.* |
27,000 |
2,457 |
|||||
Total
India |
23,534 |
See
notes to financial statements. |
34
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
100.0% (continued) |
|||||||
Chile
- 0.9% |
|||||||
Parque
Arauco S.A. |
10,639 |
$ |
18,597 |
||||
Russian
Federation - 0.6% |
|||||||
LSR
Group GDR |
3,741 |
7,482 |
|||||
Etalon
Group Ltd. GDR |
2,276 |
4,211 |
|||||
Total
Russian Federation |
11,693 |
||||||
Poland
- 0.3% |
|||||||
Globe
Trade Centre S.A.* |
4,515 |
7,061 |
|||||
Morocco
- 0.3% |
|||||||
Douja
Promotion Groupe Addoha S.A. |
2,087 |
6,034 |
|||||
Alliances
Developpement Immobilier S.A. |
85 |
472 |
|||||
Total
Morocco |
6,506 |
||||||
Greece
- 0.3% |
|||||||
Grivalia
Properties REIC REIT |
703 |
6,144 |
|||||
Total
Common Stocks |
|||||||
(Cost
$2,457,428) |
2,064,180 |
||||||
SECURITIES
LENDING COLLATERAL†,3 -
3.7% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.1371% |
76,171 |
76,171 |
|||||
Total
Securities Lending Collateral |
|||||||
(Cost
$76,171) |
76,171 |
||||||
Total
Investments - 103.7% |
|||||||
(Cost
$2,533,599) |
$ |
2,140,351 |
|||||
Other
Assets & Liabilities, net - (3.7)% |
(76,720 |
) | |||||
Total
Net Assets - 100.0% |
$ |
2,063,631 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs, unless otherwise noted —See Note
4. | |
††† |
Value
determined based on Level 3 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Security
was fair valued by the Valuation Committee at August 31, 2015. The total
market value of fair valued securities amounts to $0, (cost $16,584) or
less than 0.1% of total net assets. | |
3 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt | |
GDR |
Global
Depositary Receipt |
Country
Diversification | ||
%
of Common | ||
Country |
Stocks | |
China |
33.5% | |
South
Africa |
13.4% | |
United
Arab Emirates |
8.8% | |
Philippines |
8.7% | |
Mexico |
7.5% | |
Indonesia |
5.1% | |
All
Other Countries |
23.0% | |
Total
Common Stocks |
100.0% |
Currency
Denomination | ||
%
of Common | ||
Currency |
Stocks | |
Hong
Kong Dollar |
30.7% | |
South
African Rand |
13.4% | |
United
Arab Emirates Dirham |
8.8% | |
Philippine
Peso |
8.7% | |
Mexican
Nuevo Peso |
7.5% | |
All
Other Currencies |
30.9% | |
Total
Common Stocks |
100.0% |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 35 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.5% |
|||||||
United
States - 41.2% |
|||||||
First
Solar, Inc.* |
472,797 |
$ |
22,618,608 |
||||
SolarCity
Corp.*,1 |
395,460 |
19,092,809 |
|||||
SunPower
Corp. — Class A*,1 |
588,468 |
14,276,233 |
|||||
Advanced
Energy Industries, Inc.* |
453,201 |
10,999,188 |
|||||
TerraForm
Power, Inc. — Class A |
462,307 |
10,401,908 |
|||||
SunEdison,
Inc.*,1 |
989,973 |
10,295,719 |
|||||
Vivint
Solar, Inc.*,1 |
819,208 |
10,190,948 |
|||||
SolarEdge
Technologies, Inc.*,1 |
277,379 |
6,967,760 |
|||||
Enphase
Energy, Inc.*,1 |
1,116,595 |
5,136,337 |
|||||
Total
United States |
109,979,510 |
||||||
Cayman
Islands - 32.4% |
|||||||
GCL-Poly
Energy Holdings Ltd.1 |
86,228,348 |
13,796,447 |
|||||
Xinyi
Solar Holdings Ltd.1 |
40,356,000 |
13,486,628 |
|||||
Trina
Solar Ltd. ADR*,1 |
1,292,332 |
11,501,755 |
|||||
JA
Solar Holdings Company Ltd. ADR*,1 |
1,290,406 |
10,336,152 |
|||||
JinkoSolar
Holding Company Ltd. ADR*,1 |
454,172 |
9,242,400 |
|||||
Hanwha
Q Cells Co. Ltd.*,1 |
455,815 |
6,012,200 |
|||||
Daqo
New Energy Corp.*,1 |
405,712 |
5,708,368 |
|||||
Yingli
Green Energy Holding Company Ltd. ADR* |
7,570,064 |
5,677,548 |
|||||
Shunfeng
International Clean Energy Ltd.* |
22,596,000 |
5,423,005 |
|||||
Comtec
Solar Systems Group Ltd.* |
56,518,475 |
5,177,788 |
|||||
Total
Cayman Islands |
86,362,291 |
||||||
Germany
- 6.0% |
|||||||
SMA
Solar Technology AG1 |
411,582 |
16,035,141 |
|||||
Switzerland
- 4.9% |
|||||||
Meyer
Burger Technology AG*,1 |
1,608,745 |
13,009,034 |
|||||
Canada
- 3.7% |
|||||||
Canadian
Solar, Inc.*,1 |
524,278 |
9,814,484 |
|||||
Norway
- 3.3% |
|||||||
REC
Silicon ASA*,1 |
55,780,398 |
8,913,742 |
|||||
United
Kingdom - 3.3% |
|||||||
Abengoa
Yield plc1 |
385,053 |
8,763,806 |
|||||
British
Virgin Islands - 2.7% |
|||||||
ReneSola
Ltd. ADR*,1 |
5,755,344 |
7,136,627 |
|||||
Bermuda
- 2.0% |
|||||||
China
Singyes Solar Technologies Holdings Ltd.1 |
8,484,245 |
5,265,672 |
|||||
Total
Common Stocks |
|||||||
(Cost
$410,299,582) |
265,280,307 |
||||||
SECURITIES
LENDING COLLATERAL†,2 –
43.1% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.1277% |
114,747,111 |
|
114,747,111 |
||||
Total
Securities Lending Collateral |
|||||||
(Cost
$114,747,111) |
114,747,111 |
||||||
Total
Investments – 142.6% |
|||||||
(Cost
$525,046,693) |
$ |
380,027,418 |
|||||
Other
Assets & Liabilities, net - (42.6)% |
(113,482,165 |
) | |||||
Total
Net Assets - 100.0% |
$ |
266,545,253 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt | |
plc |
Public
Limited Company |
Country
Diversification | ||
%
of Common | ||
Country |
Stocks | |
United
States |
41.5% | |
Cayman
Islands |
32.6% | |
Germany |
6.0% | |
Switzerland |
4.9% | |
Canada |
3.7% | |
Norway |
3.3% | |
United
Kingdom |
3.3% | |
British
Virgin Islands |
2.7% | |
Bermuda |
2.0% | |
Total
Common Stocks |
100.0% |
Currency
Denomination | ||
%
of Common | ||
Currency |
Stocks | |
United
States Dollar |
69.4% | |
Hong
Kong Dollar |
16.3% | |
Euro |
6.0% | |
Swiss
Franc |
4.9% | |
Norwegian
Krone |
3.4% | |
Total
Common Stocks |
100.0% |
See
notes to financial statements. |
36
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.5% |
|||||||
United
States - 32.0% |
|||||||
American
Water Works Company, Inc. |
398,572 |
$ |
20,701,830 |
||||
Danaher
Corp. |
221,383 |
19,264,749 |
|||||
Xylem,
Inc. |
369,766 |
11,998,907 |
|||||
IDEX
Corp. |
158,671 |
11,397,338 |
|||||
Aqua
America, Inc. |
392,000 |
9,941,120 |
|||||
Rexnord
Corp.* |
206,255 |
4,135,413 |
|||||
Mueller
Industries, Inc. |
115,453 |
3,672,560 |
|||||
Tetra
Tech, Inc. |
136,696 |
3,551,362 |
|||||
American
States Water Co. |
84,731 |
3,198,595 |
|||||
Watts
Water Technologies, Inc. — Class A |
57,479 |
3,152,723 |
|||||
Mueller
Water Products, Inc. — Class A |
324,030 |
2,900,069 |
|||||
Franklin
Electric Company, Inc. |
80,039 |
2,344,342 |
|||||
Itron,
Inc.* |
77,629 |
2,328,870 |
|||||
California
Water Service Group |
105,976 |
2,186,285 |
|||||
Lindsay
Corp.1 |
24,371 |
1,857,801 |
|||||
Calgon
Carbon Corp. |
107,054 |
1,740,698 |
|||||
Badger
Meter, Inc. |
29,315 |
1,708,771 |
|||||
Aegion
Corp. — Class A* |
82,780 |
1,523,152 |
|||||
Advanced
Drainage Systems, Inc. |
49,691 |
1,411,721 |
|||||
Gorman-Rupp
Co. |
38,349 |
926,895 |
|||||
Connecticut
Water Service, Inc. |
24,637 |
856,136 |
|||||
Total
United States |
110,799,337 |
||||||
United
Kingdom - 17.8% |
|||||||
United
Utilities Group plc |
1,511,671 |
19,878,324 |
|||||
Severn
Trent plc |
528,298 |
16,876,090 |
|||||
Pennon
Group plc |
884,787 |
10,484,983 |
|||||
Halma
L.C. plc |
766,425 |
8,899,651 |
|||||
Rotork
plc |
1,759,766 |
5,659,334 |
|||||
Total
United Kingdom |
61,798,382 |
||||||
France
- 10.2% |
|||||||
Veolia
Environnement S.A. |
968,431 |
21,214,226 |
|||||
Suez
Environnement Co. |
766,493 |
13,814,685 |
|||||
Total
France |
35,028,911 |
||||||
Switzerland
- 8.4% |
|||||||
Geberit
AG |
76,663 |
24,361,244 |
|||||
Sulzer
AG |
47,949 |
4,891,338 |
|||||
Total
Switzerland |
29,252,582 |
||||||
Ireland
- 5.9% |
|||||||
Pentair
plc |
370,032 |
20,459,069 |
|||||
China
- 5.1% |
|||||||
Guangdong
Investment Ltd. |
6,378,000 |
|
8,624,646 |
||||
China
Everbright International Ltd. |
6,063,000 |
7,932,700 |
|||||
Kangda
International Environmental Company Ltd.*,2 |
2,154,000 |
564,205 |
|||||
China
Water Industry Group Ltd.* |
2,213,771 |
428,469 |
|||||
Total
China |
17,550,020 |
||||||
Sweden
- 3.1% |
|||||||
Alfa
Laval AB |
633,431 |
10,660,139 |
|||||
Netherlands
- 2.9% |
|||||||
Aalberts
Industries N.V. |
195,124 |
6,058,414 |
|||||
Arcadis
N.V.1 |
149,237 |
3,745,728 |
|||||
Total
Netherlands |
9,804,142 |
||||||
Japan
- 2.5% |
|||||||
Kurita
Water Industries Ltd. |
229,600 |
4,785,820 |
|||||
Ebara
Corp. |
1,031,000 |
4,117,704 |
|||||
Total
Japan |
8,903,524 |
||||||
South
Korea - 2.4% |
|||||||
Coway
Company Ltd. |
117,975 |
8,418,592 |
|||||
Bermuda
- 2.3% |
|||||||
Beijing
Enterprises Water Group Ltd.1 |
10,040,000 |
7,189,889 |
|||||
China
Water Affairs Group Ltd.1 |
1,828,000 |
797,239 |
|||||
Total
Bermuda |
7,987,128 |
||||||
Austria
- 2.0% |
|||||||
Andritz
AG |
147,655 |
7,067,912 |
|||||
Italy
- 1.6% |
|||||||
Hera
SpA |
1,353,885 |
3,458,823 |
|||||
Interpump
Group SpA1 |
163,417 |
2,222,940 |
|||||
Total
Italy |
5,681,763 |
||||||
Israel
- 1.4% |
|||||||
Israel
Chemicals Ltd. |
873,324 |
4,905,754 |
|||||
Brazil
- 0.9% |
|||||||
Cia
de Saneamento Basico do Estado de Sao Paulo ADR |
757,636 |
3,280,564 |
|||||
Spain
- 0.7% |
|||||||
Fomento
de Construcciones y Contratas S.A.*,1 |
254,410 |
2,332,698 |
|||||
Singapore
- 0.3% |
|||||||
SIIC
Environment Holdings Ltd.* |
8,503,200 |
1,018,961 |
|||||
Total
Common Stocks |
|||||||
(Cost
$298,737,720) |
344,949,478 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 37 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Face |
|||||||
Amount |
Value |
||||||
SECURITIES
LENDING COLLATERAL†,3 -
1.5% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.1277% |
$ |
5,246,450 |
$ |
5,246,450 |
|||
Total
Securities Lending Collateral |
|||||||
(Cost
$5,246,450) |
5,246,450 |
||||||
Total
Investments - 101.0% |
|||||||
(Cost
$303,984,170) |
$ |
350,195,928 |
|||||
Other
Assets & Liabilities, net - (1.0)% |
(3,486,742 |
) | |||||
Total
Net Assets - 100.0% |
$ |
346,709,186 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Security
is a 144A or Section 4(a)(2) security. The total market value of 144A or
Section 4(a)(2) securities is $564,205 (cost $1,325,367), or 0.2% of total
net assets. These securities have been determined to be liquid under
guidelines established by the Board of Trustees. | |
3 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt | |
plc |
Public
Limited Company |
Country
Diversification | ||
%
of Common | ||
Country |
Stocks | |
United
States |
32.1% | |
United
Kingdom |
17.9% | |
France |
10.2% | |
Switzerland |
8.5% | |
Ireland |
5.9% | |
China |
5.1% | |
Sweden |
3.1% | |
Netherlands |
2.8% | |
Other |
14.4% | |
Total
Common Stocks |
100.0% |
Currency
Denomination | ||
%
of Common | ||
Currency |
Stocks | |
United
States Dollar |
39.0% | |
Pound
Sterling |
17.9% | |
Euro |
17.4% | |
Swiss
Franc |
8.5% | |
Hong
Kong Dollar |
7.4% | |
All
other currencies |
9.8% | |
Total
Common Stocks |
100.0% |
See
notes to financial statements. |
38
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
Shares |
Value |
||||||
COMMON
STOCKS† -
99.0% |
|||||||
Canada
- 19.4% |
|||||||
Veresen,
Inc. |
10,581 |
$ |
108,077 |
||||
Pembina
Pipeline Corp. |
3,305 |
90,667 |
|||||
TransCanada
Corp. |
2,562 |
88,385 |
|||||
Gibson
Energy, Inc. |
4,928 |
71,855 |
|||||
Capital
Power Corp. |
2,413 |
37,106 |
|||||
Northland
Power, Inc. |
2,750 |
33,938 |
|||||
TransAlta
Renewables, Inc. |
1,718 |
14,230 |
|||||
Total
Canada |
444,258 |
||||||
United
States - 18.5% |
|||||||
ONEOK,
Inc. |
3,137 |
112,963 |
|||||
Kinder
Morgan, Inc. |
2,951 |
95,642 |
|||||
PPL
Corp. |
1,087 |
33,686 |
|||||
CenterPoint
Energy, Inc. |
1,785 |
33,237 |
|||||
Southern
Co. |
765 |
33,209 |
|||||
Consolidated
Edison, Inc. |
466 |
29,316 |
|||||
Entergy
Corp. |
442 |
28,876 |
|||||
FirstEnergy
Corp. |
884 |
28,253 |
|||||
SCANA
Corp. |
530 |
28,032 |
|||||
Talen
Energy Corp.* |
0.2 |
2 |
|||||
Total
United States |
423,216 |
||||||
Australia
- 17.6% |
|||||||
Sydney
Airport |
26,576 |
108,336 |
|||||
Transurban
Group |
14,705 |
100,915 |
|||||
DUET
Group |
30,236 |
46,944 |
|||||
Spark
Infrastructure Group |
28,847 |
40,698 |
|||||
AGL
Energy Ltd. |
3,306 |
39,587 |
|||||
AusNet
Services |
40,056 |
37,059 |
|||||
APA
Group |
4,605 |
28,632 |
|||||
Total
Australia |
402,171 |
||||||
Spain
- 9.6% |
|||||||
Abertis
Infraestructuras S.A. |
5,964 |
98,636 |
|||||
Enagas
S.A . |
1,245 |
34,066 |
|||||
Endesa
S.A. |
1,488 |
30,845 |
|||||
Iberdrola
S.A. |
4,264 |
28,930 |
|||||
Gas
Natural SDG S.A. |
1,311 |
26,588 |
|||||
Total
Spain |
219,065 |
||||||
United
Kingdom – 6.9% |
|||||||
SSE
plc |
1,677 |
37,940 |
|||||
National
Grid plc |
2,668 |
35,293 |
|||||
Centrica
plc |
7,870 |
29,437 |
|||||
Severn
Trent plc |
907 |
28,973 |
|||||
United
Utilities Group plc |
2,057 |
27,049 |
|||||
Total
United Kingdom |
158,692 |
||||||
China
- 4.2% |
|||||||
Jiangsu
Expressway Company Ltd. — Class H |
42,872 |
|
50,672 |
||||
HK
Electric Investments & HK Electric Investments Ltd.2 |
65,500 |
45,469 |
|||||
Total
China |
96,141 |
||||||
New
Zealand - 4.0% |
|||||||
Z
Energy Ltd. |
5,941 |
21,783 |
|||||
Contact
Energy Ltd. |
6,447 |
21,189 |
|||||
Mighty
River Power Ltd. |
10,492 |
18,404 |
|||||
Genesis
Energy Ltd. |
15,845 |
17,961 |
|||||
Infratil
Ltd. |
6,584 |
12,508 |
|||||
Total
New Zealand |
91,845 |
||||||
Singapore
- 4.0% |
|||||||
Hutchison
Port Holdings Trust — Class U |
173,911 |
91,303 |
|||||
Bermuda
- 3.9% |
|||||||
Ship
Finance International Ltd.1 |
5,254 |
88,267 |
|||||
France
- 3.4% |
|||||||
Electricite
de France S.A. |
1,810 |
39,122 |
|||||
Engie |
2,102 |
37,649 |
|||||
Total
France |
76,771 |
||||||
Italy
- 3.1% |
|||||||
Snam
SpA |
7,798 |
38,114 |
|||||
Terna
Rete Elettrica Nazionale SpA |
7,247 |
33,748 |
|||||
Total
Italy |
71,862 |
||||||
Finland
- 2.0% |
|||||||
Fortum
Oyj |
2,783 |
45,247 |
|||||
Portugal
- 1.4% |
|||||||
EDP
- Energias de Portugal S.A. ADR |
9,155 |
32,067 |
|||||
Germany
- 1.0% |
|||||||
E.ON
SE |
2,071 |
23,449 |
|||||
Total
Common Stocks |
|||||||
(Cost
$2,503,353) |
2,264,354 |
||||||
PREFERRED
STOCKS† -
0.7% |
|||||||
Utilities
- 0.7% |
|||||||
RWE
AG |
1,323 |
16,025 |
|||||
Total
Preferred Stocks |
|||||||
(Cost
$22,950) |
16,025 |
||||||
SECURITIES
LENDING COLLATERAL†,3 -
3.8% |
|||||||
BNY
Mellon Separately Managed Cash Collateral |
|||||||
Account,
0.0600% |
86,992 |
86,992 |
|||||
Total
Securities Lending Collateral |
|||||||
(Cost
$86,992) |
86,992 |
||||||
Total
Investments - 103.5% |
|||||||
(Cost
$2,613,295) |
$ |
2,367,371 |
|||||
Other
Assets & Liabilities, net - (3.5)% |
(79,947 |
) | |||||
Total
Net Assets - 100.0% |
$ |
2,287,424 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 39 |
SCHEDULE
OF INVESTMENTS continued |
August
31, 2015 |
* |
Non-income
producing security. | |
† |
Value
determined based on Level 1 inputs — See Note 4. | |
1 |
All
or a portion of this security is on loan at August 31, 2015 — See Note
2. | |
2 |
Security
is a 144A or Section 4(a)(2) security. The total market value of 144A or
Section 4(a)(2) securities is $45,469 (cost $46,037), or 2.0% of total net
assets. These securities have been determined to be liquid under
guidelines established by the Board of Trustees. | |
3 |
Securities
lending collateral — See Note 2. | |
ADR |
American
Depositary Receipt | |
plc |
Public
Limited Company |
Country
Diversification | ||
%
of Long-Term | ||
Country |
Investments | |
Canada |
19.5% | |
United
States |
18.6% | |
Australia |
17.6% | |
Spain |
9.6% | |
United
Kingdom |
7.0% | |
China |
4.2% | |
New
Zealand |
4.0% | |
Other |
19.5% | |
Total
Long-Term Investments |
100.0% |
Currency
Denomination | ||
%
of Long-Term | ||
Currency |
Investments | |
United
States Dollar |
22.4% | |
Euro |
21.3% | |
Canadian
Dollar |
19.5% | |
Australian
Dollar |
17.6% | |
Hong
Kong Dollar |
8.2% | |
British
Pound |
7.0% | |
New
Zealand Dollar |
4.0% | |
Total
Long-Term Investments |
100.0% |
See
notes to financial statements. |
40
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
STATEMENT
OF ASSETS AND LIABILITIES |
August
31, 2015 |
Guggenheim |
Guggenheim |
||||||||||||
Guggenheim |
China
Technology |
Emerging
Markets |
Guggenheim |
||||||||||
China
All-Cap ETF |
ETF |
Real
Estate ETF |
Solar
ETF |
||||||||||
(YAO |
) |
(CQQQ |
) |
(EMRE |
) |
(TAN |
) | ||||||
ASSETS: |
|||||||||||||
Investments,
at value — including securities on loan |
$ |
33,387,282 |
$ |
56,164,518 |
$ |
2,140,351 |
$ |
380,027,418 |
|||||
Foreign
currency, at value |
11,621 |
— |
418 |
145 |
|||||||||
Cash |
145,768 |
39,661 |
— |
790,741 |
|||||||||
Prepaid
expenses |
— |
— |
— |
16 |
|||||||||
Receivables: |
|||||||||||||
Dividends |
14,191 |
70,790 |
4,368 |
364,919 |
|||||||||
Securities
lending income |
3,021 |
13,283 |
169 |
267,923 |
|||||||||
Investments
sold |
— |
— |
— |
154,873 |
|||||||||
Tax
reclaims |
— |
— |
— |
10,890 |
|||||||||
Total
assets |
33,561,883 |
56,288,252 |
2,145,306 |
381,616,925 |
|||||||||
LIABILITIES: |
|||||||||||||
Payable
for: |
|||||||||||||
Upon
return of securities loaned |
4,092,518 |
10,416,106 |
76,171 |
114,747,111 |
|||||||||
Fund
shares redeemed |
137,702 |
29,319 |
— |
— |
|||||||||
Management
fees |
23,539 |
39,291 |
1,217 |
136,837 |
|||||||||
Due
to custodian |
— |
— |
4,287 |
— |
|||||||||
Administration
fees |
— |
— |
— |
4,619 |
|||||||||
Trustees'
fees and expenses* |
— |
— |
— |
— |
|||||||||
Other
fees |
— |
— |
— |
183,105 |
|||||||||
Total
liabilities |
4,253,759 |
10,484,716 |
81,675 |
115,071,672 |
|||||||||
NET
ASSETS |
$ |
29,308,124 |
$ |
45,803,536 |
$ |
2,063,631 |
$ |
266,545,253 |
|||||
NET
ASSETS CONSIST OF: |
|||||||||||||
Paid-in
capital |
$ |
41,684,193 |
$ |
72,862,476 |
$ |
2,500,000 |
$ |
722,306,513 |
|||||
Undistributed
(distributions in excess of) net investment income |
776,183 |
853,434 |
(16,519 |
) |
2,948,189 |
||||||||
Accumulated
net realized loss on investments |
(8,627,945 |
) |
(14,508,309 |
) |
(26,452 |
) |
(313,688,670 |
) | |||||
Net
unrealized depreciation on investments |
(4,524,307 |
) |
(13,404,065 |
) |
(393,398 |
) |
(145,020,779 |
) | |||||
NET
ASSETS |
$ |
29,308,124 |
$ |
45,803,536 |
$ |
2,063,631 |
$ |
266,545,253 |
|||||
Shares
outstanding ($0.01 par value with unlimited amount authorized) |
1,200,000 |
1,550,000 |
100,000 |
8,968,000 |
|||||||||
Net
asset value |
$ |
24.42 |
$ |
29.55 |
$ |
20.64 |
$ |
29.72 |
|||||
Investments
in securities, at cost |
37,911,589 |
69,568,596 |
2,533,599 |
525,046,693 |
|||||||||
Foreign
currency, at cost |
11,618 |
— |
419 |
145 |
|||||||||
Securities
on loan, at value |
3,976,167 |
10,378,777 |
60,420 |
118,196,929 |
* |
Relates
to Trustees not deemed "interested persons" within the meaning of Section
2(a)(19) of the 1940 Act. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 41 |
STATEMENT
OF ASSETS AND LIABILITIES continued |
August
31, 2015 |
Guggenheim
S&P |
Guggenheim
S&P |
||||||
Global
Water |
High
Income |
||||||
Index
ETF |
Infrastructure
ETF |
||||||
(CGW |
) |
(GHII |
) | ||||
ASSETS: |
|||||||
Investments,
at value — including securities on loan |
$ |
350,195,928 |
$ |
2,367,371 |
|||
Foreign
currency, at value |
644 |
— |
|||||
Cash |
1,027,352 |
— |
|||||
Prepaid
expenses |
303 |
— |
|||||
Receivables: |
|||||||
Dividends |
682,623 |
9,919 |
|||||
Tax
reclaims |
435,328 |
1,369 |
|||||
Securities
lending income |
5,682 |
28 |
|||||
Total
assets |
352,347,860 |
2,378,687 |
|||||
LIABILITIES: |
|||||||
Payable
for: |
|||||||
Upon
return of securities loaned |
5,246,450 |
86,992 |
|||||
Management
fees |
152,768 |
911 |
|||||
Administration
fees |
7,385 |
— |
|||||
Trustees'
fees and expenses* |
1,084 |
— |
|||||
Due
to custodian |
— |
3,360 |
|||||
Other
fees |
230,987 |
— |
|||||
Total
liabilities |
5,638,674 |
91,263 |
|||||
NET
ASSETS |
$ |
346,709,186 |
$ |
2,287,424 |
|||
NET
ASSETS CONSIST OF: |
|||||||
Paid-in
capital |
$ |
397,010,740 |
$ |
2,528,973 |
|||
Undistributed
net investment income |
5,114,694 |
25,245 |
|||||
Accumulated
net realized gain (loss) on investments |
(101,607,202 |
) |
(20,789 |
) | |||
Net
unrealized appreciation (depreciation) on investments |
46,190,954 |
(246,005 |
) | ||||
NET
ASSETS |
$ |
346,709,186 |
$ |
2,287,424 |
|||
Shares
outstanding ($0.01 par value with unlimited amount authorized) |
13,000,000 |
100,000 |
|||||
Net
asset value |
$ |
26.67 |
$ |
22.87 |
|||
Investments
in securities, at cost |
303,984,170 |
2,613,295 |
|||||
Foreign
currency, at cost |
634 |
— |
|||||
Securities
on loan, at value |
4,984,635 |
84,369 |
* |
Relates
to Trustees not deemed "interested persons" within the meaning of Section
2(a)(19) of the 1940 Act. |
See
notes to financial statements. |
42
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
STATEMENT
OF OPERATIONS |
August
31, 2015 |
For
the year ended August 31, 2015 |
Guggenheim |
Guggenheim |
||||||||||||
Guggenheim |
China
Technology |
Emerging
Markets |
Guggenheim |
||||||||||
China
All-Cap ETF |
ETF |
Real
Estate ETF |
Solar
ETF |
||||||||||
(YAO |
) |
(CQQQ |
) |
(EMRE |
)1 |
(TAN |
) | ||||||
INVESTMENT
INCOME: |
|||||||||||||
Dividends,
net of foreign taxes withheld* |
$ |
1,217,542 |
$ |
682,892 |
$ |
76,583 |
$ |
1,332,257 |
|||||
Less
return of capital received |
— |
— |
— |
(401,816 |
) | ||||||||
Income
from securities lending |
94,958 |
884,215 |
1,470 |
7,891,692 |
|||||||||
Total
investment income |
1,312,500 |
1,567,107 |
78,053 |
8,822,133 |
|||||||||
EXPENSES: |
|||||||||||||
Management
fees |
361,975 |
578,339 |
14,859 |
1,746,186 |
|||||||||
Licensing
fees |
— |
— |
— |
498,856 |
|||||||||
Custodian
fees |
— |
— |
— |
107,968 |
|||||||||
Administration
fees |
— |
— |
— |
84,848 |
|||||||||
Printing
fees |
— |
— |
— |
52,990 |
|||||||||
Professional
fees |
— |
— |
— |
33,610 |
|||||||||
Trustees'
fees and expenses** |
— |
— |
— |
11,357 |
|||||||||
Insurance |
— |
— |
— |
5,409 |
|||||||||
Registration
and filings |
— |
— |
— |
5,000 |
|||||||||
Other
fees |
21 |
17 |
— |
13,464 |
|||||||||
Total
expenses |
361,996 |
578,356 |
14,859 |
2,559,688 |
|||||||||
Less: |
|||||||||||||
Expenses
waived by advisor |
— |
— |
— |
(114,866 |
) | ||||||||
Net
expenses |
361,996 |
578,356 |
14,859 |
2,444,822 |
|||||||||
Net
investment income |
950,504 |
988,751 |
63,194 |
6,377,311 |
|||||||||
NET
REALIZED AND UNREALIZED GAIN (LOSS): |
|||||||||||||
Net
realized gain (loss) on: |
|||||||||||||
Investments |
(1,281,274 |
) |
(4,673,909 |
) |
(23,939 |
) |
(18,901,407 |
) | |||||
In-kind
transactions |
1,979,671 |
11,533,611 |
— |
38,387,403 |
|||||||||
Foreign
currency transaction |
869 |
(5,680 |
) |
44 |
(78,197 |
) | |||||||
Net
realized gain (loss) |
699,266 |
6,854,022 |
(23,895 |
) |
19,407,799 |
||||||||
Net
change in unrealized appreciation (depreciation) on: |
|||||||||||||
Investments |
(6,297,764 |
) |
(24,750,327 |
) |
(393,248 |
) |
(153,023,946 |
) | |||||
Foreign
currency translations |
— |
10 |
(150 |
) |
(3,444 |
) | |||||||
Net
change in unrealized appreciation (depreciation) |
(6,297,764 |
) |
(24,750,317 |
) |
(393,398 |
) |
(153,027,390 |
) | |||||
Net
realized and unrealized loss |
(5,598,498 |
) |
(17,896,295 |
) |
(417,293 |
) |
(133,619,591 |
) | |||||
Net
decrease in net assets resulting from operations |
$ |
(4,647,994 |
) |
$ |
(16,907,544 |
) |
$ |
(354,099 |
) |
$ |
(127,242,280 |
) | |
*
Foreign taxes withheld |
$ |
98,999 |
$ |
3,943 |
$ |
5,801 |
$ |
365 |
** |
Relates
to Trustees not deemed "interested persons" within the meaning of Section
2(a)(19) of the 1940 Act. |
1 |
Commencement
of investment operations September 29, 2014. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 43 |
STATEMENT
OF OPERATIONS (continued) |
August
31, 2015 |
For
the year ended August 31, 2015 |
Guggenheim
S&P |
Guggenheim
S&P |
||||||
Global
Water |
High
Income |
||||||
Index
ETF |
Infrastructure
ETF |
||||||
(CGW |
) |
(GHII |
)2 | ||||
INVESTMENT
INCOME: |
|||||||
Dividends,
net of foreign taxes withheld* |
$ |
7,925,445 |
$ |
76,412 |
|||
Income
from securities lending |
311,040 |
347 |
|||||
Total
investment income |
8,236,485 |
76,759 |
|||||
EXPENSES: |
|||||||
Management
fees |
1,768,746 |
6,190 |
|||||
Licensing
fees |
176,875 |
— |
|||||
Custodian
fees |
108,609 |
— |
|||||
Administration
fees |
85,750 |
— |
|||||
Printing
fees |
44,156 |
— |
|||||
Professional
fees |
37,295 |
— |
|||||
Trustees'
fees and expenses** |
11,053 |
— |
|||||
Registration
and filings |
5,000 |
— |
|||||
Insurance |
4,234 |
— |
|||||
Other
fees |
17,935 |
— |
|||||
Total
expenses |
2,259,653 |
6,190 |
|||||
Less: |
|||||||
Expenses
waived by advisor |
(2,217 |
) |
— |
||||
Net
expenses |
2,257,436 |
6,190 |
|||||
Net
investment income |
5,979,049 |
70,569 |
|||||
NET
REALIZED AND UNREALIZED GAIN (LOSS): |
|||||||
Net
realized gain (loss) on: |
|||||||
Investments |
(5,094,664 |
) |
(28,106 |
) | |||
In-kind
transactions |
10,251,220 |
39,633 |
|||||
Foreign
currency transactions |
(75,129 |
) |
(1,704 |
) | |||
Net
realized gain |
5,081,427 |
9,823 |
|||||
Net
change in unrealized appreciation (depreciation) on: |
|||||||
Investments |
(36,653,158 |
) |
(245,924 |
) | |||
Foreign
currency translations |
(11,495 |
) |
(81 |
) | |||
Net
change in unrealized appreciation (depreciation) |
(36,664,653 |
) |
(246,005 |
) | |||
Net
realized and unrealized loss |
(31,583,226 |
) |
(236,182 |
) | |||
Net
decrease in net assets resulting from operations |
$ |
(25,604,177 |
) |
$ |
(165,613 |
) | |
*
Foreign taxes withheld |
$ |
550,618 |
$ |
7,301 |
** |
Relates
to Trustees not deemed "interested persons" within the meaning of Section
2(a)(19) of the 1940 Act. |
2 |
Commencement
of investment operations February 11, 2015. |
See
notes to financial statements. |
44
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
STATEMENTS
OF CHANGES IN NET ASSETS |
August
31, 2015 |
Guggenheim
China |
Guggenheim
China |
||||||||||||
All-Cap
ETF |
Technology |
||||||||||||
(YAO) |
ETF
(CQQQ) |
||||||||||||
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
||||||||||
August
31, 2015 |
August
31, 2014 |
August
31, 2015 |
August
31, 2014 |
||||||||||
INCREASE
(DECREASE) IN NET ASSETS FROM OPERATIONS: |
|||||||||||||
Net
investment income |
$ |
950,504 |
$ |
1,242,318 |
$ |
988,751 |
$ |
813,128 |
|||||
Net
realized gain on investments |
699,266 |
1,725,711 |
6,854,022 |
2,469,486 |
|||||||||
Net
change in unrealized appreciation (depreciation) on investments |
(6,297,764 |
) |
5,517,271 |
(24,750,317 |
) |
7,930,974 |
|||||||
Net
increase (decrease) in net assets resulting from operations |
(4,647,994 |
) |
8,485,300 |
(16,907,544 |
) |
11,213,588 |
|||||||
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
|||||||||||||
Net
investment income |
(1,225,500 |
) |
(972,000 |
) |
(672,750 |
) |
(538,200 |
) | |||||
SHAREHOLDER
TRANSACTIONS: |
|||||||||||||
Proceeds
from shares purchased |
— |
13,240,856 |
33,478,490 |
60,146,670 |
|||||||||
Cost
of shares redeemed |
(19,080,099 |
) |
(13,296,666 |
) |
(48,172,069 |
) |
(14,908,182 |
) | |||||
Net
decrease in net assets resulting from share transactions |
(19,080,099 |
) |
(55,810 |
) |
(14,693,579 |
) |
45,238,488 |
||||||
Net
increase (decrease) in net assets |
(24,953,593 |
) |
7,457,490 |
(32,273,873 |
) |
55,913,876 |
|||||||
NET
ASSETS: |
|||||||||||||
Beginning
of year |
54,261,717 |
46,804,227 |
78,077,409 |
22,163,533 |
|||||||||
End
of year |
$ |
29,308,124 |
$ |
54,261,717 |
$ |
45,803,536 |
$ |
78,077,409 |
|||||
Undistributed
net investment income at end of year |
$ |
776,183 |
$ |
973,154 |
$ |
853,434 |
$ |
451,736 |
|||||
CHANGES
IN SHARES OUTSTANDING: |
|||||||||||||
Shares
sold |
— |
500,000 |
900,000 |
1,750,000 |
|||||||||
Shares
redeemed |
(700,000 |
) |
(500,000 |
) |
(1,400,000 |
) |
(450,000 |
) | |||||
Net
increase (decrease) in shares |
(700,000 |
) |
— |
(500,000 |
) |
1,300,000 |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 45 |
STATEMENTS
OF CHANGES IN NET ASSETS continued |
August
31, 2015 |
Guggenheim |
||||||||||
Emerging
Markets |
||||||||||
Real
Estate ETF |
Guggenheim
Solar ETF |
|||||||||
(EMRE) |
(TAN) |
|||||||||
Period
from |
||||||||||
September
29, 2014a |
Year
Ended |
Year
Ended |
||||||||
to
August 31, 2015 |
August
31, 2015 |
August
31, 2014 |
||||||||
INCREASE
(DECREASE) IN NET ASSETS FROM OPERATIONS: |
||||||||||
Net
investment income |
$ |
63,194 |
$ |
6,377,311 |
$ |
5,069,615 |
||||
Net
realized gain (loss) on investments |
(23,895 |
) |
19,407,799 |
114,880,096 |
||||||
Net
change in unrealized depreciation on investments |
(393,398 |
) |
(153,027,390 |
) |
(18,474,838 |
) | ||||
Net
increase (decrease) in net assets resulting from operations |
(354,099 |
) |
(127,242,280 |
) |
101,474,873 |
|||||
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
||||||||||
Net
investment income |
(82,270 |
) |
(5,534,720 |
) |
(3,755,928 |
) | ||||
SHAREHOLDER
TRANSACTIONS: |
||||||||||
Proceeds
from shares purchased |
2,500,000 |
221,513,539 |
536,328,892 |
|||||||
Cost
of shares redeemed |
— |
(251,358,632 |
) |
(375,030,252 |
) | |||||
Net
increase (decrease) in net assets resulting from share
transactions |
2,500,000 |
(29,845,093 |
) |
161,298,640 |
||||||
Net
increase (decrease) in net assets |
2,063,631 |
(162,622,093 |
) |
259,017,585 |
||||||
NET
ASSETS: |
||||||||||
Beginning
of period |
— |
429,167,346 |
170,149,761 |
|||||||
End
of period |
$ |
2,063,631 |
$ |
266,545,253 |
$ |
429,167,346 |
||||
Undistributed
(distributions in excess of) net investment income at end of
period |
$ |
(16,519 |
) |
$ |
2,948,189 |
$ |
2,310,754 |
|||
CHANGES
IN SHARES OUTSTANDING: |
||||||||||
Shares
sold |
100,000 |
5,440,000 |
13,040,000 |
|||||||
Shares
redeemed |
— |
(6,320,000 |
) |
(9,440,000 |
) | |||||
Net
increase (decrease) in shares |
100,000 |
(880,000 |
) |
3,600,000 |
||||||
a Commencement of
operations |
See
notes to financial statements. |
46
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
STATEMENTS
OF CHANGES IN NET ASSETS continued |
August
31, 2015 |
Guggenheim
S&P |
||||||||||
High
Income |
||||||||||
Guggenheim
S&P |
Infrastructure |
|||||||||
Global
Water Index ETF |
ETF |
|||||||||
(CGW) |
(GHII) |
|||||||||
Period
from |
||||||||||
Year
Ended |
Year
Ended |
February
11, 2015a |
||||||||
August
31, 2015 |
August
31, 2014 |
to
August 31, 2015 |
||||||||
INCREASE
(DECREASE) IN NET ASSETS FROM OPERATIONS: |
||||||||||
Net
investment income |
$ |
5,979,049 |
$ |
5,857,082 |
$ |
70,569 |
||||
Net
realized gain on investments |
5,081,427 |
2,861,520 |
9,823 |
|||||||
Net
change in unrealized appreciation (depreciation) on investments |
(36,664,653 |
) |
50,434,537 |
(246,005 |
) | |||||
Net
increase (decrease) in net assets resulting from operations |
(25,604,177 |
) |
59,153,139 |
(165,613 |
) | |||||
DISTRIBUTIONS
TO SHAREHOLDERS FROM: |
||||||||||
Net
investment income |
(5,956,080 |
) |
(4,754,400 |
) |
(43,620 |
) | ||||
SHAREHOLDER
TRANSACTIONS: |
||||||||||
Proceeds
from shares purchased |
36,765,776 |
77,073,947 |
3,704,303 |
|||||||
Cost
of shares redeemed |
(26,410,686 |
) |
(16,927,043 |
) |
(1,207,646 |
) | ||||
Net
increase in net assets resulting from share transactions |
10,355,090 |
60,146,904 |
2,496,657 |
|||||||
Net
increase (decrease) in net assets |
(21,205,167 |
) |
114,545,643 |
2,287,424 |
||||||
NET
ASSETS: |
||||||||||
Beginning
of period |
367,914,353 |
253,368,710 |
— |
|||||||
End
of period |
$ |
346,709,186 |
$ |
367,914,353 |
$ |
2,287,424 |
||||
Undistributed
net investment income at end of period |
$ |
5,114,694 |
$ |
5,166,854 |
$ |
25,245 |
||||
CHANGES
IN SHARES OUTSTANDING: |
||||||||||
Shares
sold |
1,280,000 |
2,720,000 |
150,000 |
|||||||
Shares
redeemed |
(960,000 |
) |
(640,000 |
) |
(50,000 |
) | ||||
Net
increase in shares |
320,000 |
2,080,000 |
100,000 |
|||||||
a Commencement of
operations |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 47 |
FINANCIAL
HIGHLIGHTS |
August
31, 2015 |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
||||||||||||
August
31, |
August
31, |
August
31, |
August
31, |
August
31, |
||||||||||||
2015 |
2014 |
2013 |
2012 |
2011 |
||||||||||||
Per
Share Data: |
||||||||||||||||
Net
asset value, beginning of period |
$ |
28.56 |
$ |
24.63 |
$ |
21.66 |
$ |
25.04 |
$ |
24.56 |
||||||
Income
from investment operations: |
||||||||||||||||
Net
investment income(a) |
0.53 |
0.62 |
0.46 |
0.52 |
0.41 |
|||||||||||
Net
gain (loss) on investments (realized and unrealized) |
(4.02 |
) |
3.80 |
3.07 |
(3.32 |
) |
0.35 |
|||||||||
Total
from investment operations |
(3.49 |
) |
4.42 |
3.53 |
(2.80 |
) |
0.76 |
|||||||||
Less
distributions from: |
||||||||||||||||
Net
investment income |
(0.65 |
) |
(0.49 |
) |
(0.56 |
) |
(0.58 |
) |
(0.28 |
) | ||||||
Total
distributions to shareholders |
(0.65 |
) |
(0.49 |
) |
(0.56 |
) |
(0.58 |
) |
(0.28 |
) | ||||||
Net
asset value, end of period |
$ |
24.42 |
$ |
28.56 |
$ |
24.63 |
$ |
21.66 |
$ |
25.04 |
||||||
Market
value, end of period |
$ |
24.13 |
$ |
28.52 |
$ |
24.49 |
$ |
21.76 |
$ |
25.07 |
||||||
Total
Return(b) |
||||||||||||||||
Net
asset value |
-12.51 |
% |
18.05 |
% |
16.25 |
% |
-11.17 |
% |
3.01 |
% | ||||||
Ratios/Supplemental
Data: |
||||||||||||||||
Net
assets, end of period (in thousands) |
$ |
29,308 |
$ |
54,262 |
$ |
46,804 |
$ |
49,822 |
$ |
72,607 |
||||||
Ratio
to average net assets of: |
||||||||||||||||
Net
investment income |
1.84 |
% |
2.35 |
% |
1.92 |
% |
2.25 |
% |
1.50 |
% | ||||||
Total
expenses |
0.70 |
% |
0.71 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Net
expenses |
0.70 |
% |
0.71 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Portfolio
turnover rate(c) |
17 |
% |
12 |
% |
16 |
% |
12 |
% |
16 |
% |
(a) |
Based
on average shares outstanding. |
(b) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(c) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
48
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
FINANCIAL
HIGHLIGHTS continued |
August
31, 2015 |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
||||||||||||
August
31, |
August
31, |
August
31, |
August
31, |
August
31, |
||||||||||||
2015 |
2014 |
2013 |
2012 |
2011 |
||||||||||||
Per
Share Data: |
||||||||||||||||
Net
asset value, beginning of period |
$ |
38.09 |
$ |
29.55 |
$ |
20.03 |
$ |
25.44 |
$ |
24.36 |
||||||
Income
from investment operations: |
||||||||||||||||
Net
investment income(a) |
0.46 |
0.43 |
0.28 |
0.54 |
0.31 |
|||||||||||
Net
gain (loss) on investments (realized and unrealized) |
(8.65 |
) |
8.39 |
9.67 |
(5.38 |
) |
0.90 |
|||||||||
Total
from investment operations |
(8.19 |
) |
8.82 |
9.95 |
(4.84 |
) |
1.21 |
|||||||||
Less
distributions from: |
||||||||||||||||
Net
investment income |
(0.35 |
) |
(0.28 |
) |
(0.43 |
) |
(0.57 |
) |
(0.13 |
) | ||||||
Total
distributions to shareholders |
(0.35 |
) |
(0.28 |
) |
(0.43 |
) |
(0.57 |
) |
(0.13 |
) | ||||||
Net
asset value, end of period |
$ |
29.55 |
$ |
38.09 |
$ |
29.55 |
$ |
20.03 |
$ |
25.44 |
||||||
Market
value, end of period |
$ |
29.31 |
$ |
37.88 |
$ |
29.59 |
$ |
19.96 |
$ |
25.57 |
||||||
Total
Return(b) |
||||||||||||||||
Net
asset value |
-21.62 |
% |
29.89 |
% |
50.39 |
% |
-19.10 |
% |
4.94 |
% | ||||||
Ratios/Supplemental
Data: |
||||||||||||||||
Net
assets, end of period (in thousands) |
$ |
45,804 |
$ |
78,077 |
$ |
22,164 |
$ |
17,029 |
$ |
31,805 |
||||||
Ratio
to average net assets of: |
||||||||||||||||
Net
investment income |
1.20 |
% |
1.22 |
% |
1.16 |
% |
2.38 |
% |
1.09 |
% | ||||||
Total
expenses |
0.70 |
% |
0.71 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Net
expenses |
0.70 |
% |
0.71 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Portfolio
turnover rate(c) |
32 |
% |
39 |
% |
26 |
% |
43 |
% |
28 |
% |
(a) |
Based
on average shares outstanding. |
(b) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(c) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 49 |
FINANCIAL
HIGHLIGHTS continued |
August
31, 2015 |
Period
Ended |
||||
August
31, 2015(a) |
||||
Per
Share Data: |
||||
Net
asset value, beginning of period |
$ |
24.99 |
||
Income
from investment operations: |
||||
Net
investment income(b) |
0.63 |
|||
Net
loss on investments (realized and unrealized) |
(4.16 |
) | ||
Total
from investment operations |
(3.53 |
) | ||
Less
distributions from: |
||||
Net
investment income |
(0.82 |
) | ||
Total
distributions to shareholders |
(0.82 |
) | ||
Net
asset value, end of period |
$ |
20.64 |
||
Market
value, end of period |
$ |
20.73 |
||
Total
Return(c) |
||||
Net
asset value |
-14.61 |
% | ||
Ratios/Supplemental
Data: |
||||
Net
assets, end of period (in thousands) |
$ |
2,064 |
||
Ratio
to average net assets of: |
||||
Net
investment income |
2.76 |
% | ||
Total
expenses |
0.65 |
% | ||
Net
expenses |
0.65 |
% | ||
Portfolio
turnover rate(d) |
25 |
% |
(a) |
Since
commencement of operations: September 29, 2014. Percentage amounts for the
period, except total return and portfolio turnover rate, have been
annualized. |
(b) |
Based
on average shares outstanding. |
(c) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(d) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
50
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
FINANCIAL
HIGHLIGHTS continued |
August
31, 2015 |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
||||||||||||
August
31, |
August
31, |
August
31, |
August
31, |
August
31, |
||||||||||||
2015 |
2014 |
2013 |
2012 |
2011 |
||||||||||||
Per
Share Data*: |
||||||||||||||||
Net
asset value, beginning of period |
$ |
43.58 |
$ |
27.23 |
$ |
16.74 |
$ |
54.90 |
$ |
73.30 |
||||||
Income
from investment operations: |
||||||||||||||||
Net
investment income(a) |
0.72 |
0.52 |
0.56 |
1.84 |
1.80 |
|||||||||||
Net
gain (loss) on investments (realized and unrealized) |
(13.94 |
) |
16.28 |
11.35 |
(37.89 |
) |
(19.90 |
) | ||||||||
Total
from investment operations |
(13.22 |
) |
16.80 |
11.91 |
(36.05 |
) |
(18.10 |
) | ||||||||
Less
distributions from: |
||||||||||||||||
Net
investment income |
(0.64 |
) |
(0.45 |
) |
(1.42 |
) |
(2.11 |
) |
(0.30 |
) | ||||||
Total
distributions to shareholders |
(0.64 |
) |
(0.45 |
) |
(1.42 |
) |
(2.11 |
) |
(0.30 |
) | ||||||
Net
asset value, end of period |
$ |
29.72 |
$ |
43.58 |
$ |
27.23 |
$ |
16.74 |
$ |
54.90 |
||||||
Market
value, end of period |
$ |
29.57 |
$ |
43.39 |
$ |
27.16 |
$ |
16.71 |
$ |
54.60 |
||||||
Total
Return(b) |
||||||||||||||||
Net
asset value |
-30.51 |
% |
62.06 |
% |
77.60 |
% |
-66.93 |
% |
-24.81 |
% | ||||||
Ratios/Supplemental
Data: |
||||||||||||||||
Net
assets, end of period (in thousands) |
$ |
266,545 |
$ |
429,167 |
$ |
170,150 |
$ |
42,992 |
$ |
116,473 |
||||||
Ratio
to average net assets of: |
||||||||||||||||
Net
investment income |
1.83 |
% |
1.28 |
% |
2.71 |
% |
7.07 |
% |
2.40 |
% | ||||||
Total
expenses |
0.73 |
% |
0.76 |
% |
0.86 |
% |
1.01 |
% |
0.88 |
% | ||||||
Net
expenses |
0.70 |
% |
0.71 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Portfolio
turnover rate(c) |
51 |
% |
47 |
% |
68 |
% |
49 |
% |
38 |
% |
* |
Reflects
1 for 10 reverse stock split that occurred February 15, 2012. |
(a) |
Based
on average shares outstanding. |
(b) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(c) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 51 |
FINANCIAL
HIGHLIGHTS continued |
August
31, 2015 |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
Year
Ended |
||||||||||||
August
31, |
August
31, |
August
31, |
August
31, |
August
31, |
||||||||||||
2015 |
2014 |
2013 |
2012 |
2011 |
||||||||||||
Per
Share Data: |
||||||||||||||||
Net
asset value, beginning of period |
$ |
29.02 |
$ |
23.90 |
$ |
21.05 |
$ |
20.06 |
$ |
17.11 |
||||||
Income
from investment operations: |
||||||||||||||||
Net
investment income(a) |
0.48 |
0.51 |
0.49 |
0.44 |
0.38 |
|||||||||||
Net
gain (loss) on investments (realized and unrealized) |
(2.33 |
) |
5.03 |
2.81 |
0.96 |
2.99 |
||||||||||
Total
from investment operations |
(1.85 |
) |
5.54 |
3.30 |
1.40 |
3.37 |
||||||||||
Less
distributions from: |
||||||||||||||||
Net
investment income |
(0.50 |
) |
(0.42 |
) |
(0.45 |
) |
(0.41 |
) |
(0.42 |
) | ||||||
Total
distributions to shareholders |
(0.50 |
) |
(0.42 |
) |
(0.45 |
) |
(0.41 |
) |
(0.42 |
) | ||||||
Net
asset value, end of period |
$ |
26.67 |
$ |
29.02 |
$ |
23.90 |
$ |
21.05 |
$ |
20.06 |
||||||
Market
value, end of period |
$ |
26.64 |
$ |
29.08 |
$ |
23.88 |
$ |
20.98 |
$ |
19.99 |
||||||
Total
Return(b) |
||||||||||||||||
Net
asset value |
-6.47 |
% |
23.27 |
% |
15.85 |
% |
7.23 |
% |
19.60 |
% | ||||||
Ratios/Supplemental
Data: |
||||||||||||||||
Net
assets, end of period (in thousands) |
$ |
346,709 |
$ |
367,914 |
$ |
253,369 |
$ |
199,547 |
$ |
214,190 |
||||||
Ratio
to average net assets of: |
||||||||||||||||
Net
investment income |
1.69 |
% |
1.83 |
% |
2.13 |
% |
2.22 |
% |
1.85 |
% | ||||||
Total
expenses |
0.64 |
% |
0.65 |
% |
0.71 |
% |
0.76 |
% |
0.78 |
% | ||||||
Net
expenses |
0.64 |
% |
0.65 |
% |
0.70 |
% |
0.70 |
% |
0.70 |
% | ||||||
Portfolio
turnover rate(c) |
9 |
% |
7 |
% |
21 |
% |
31 |
% |
8 |
% |
(a) |
Based
on average shares outstanding. |
(b) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(c) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
52
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
FINANCIAL
HIGHLIGHTS continued |
August
31, 2015 |
Period
Ended |
||||
August
31, 2015(a) |
||||
Per
Share Data: |
||||
Net
asset value, beginning of period |
$ |
25.05 |
||
Income
from investment operations: |
||||
Net
investment income(b) |
0.71 |
|||
Net
loss on investments (realized and unrealized) |
(2.45 |
) | ||
Total
from investment operations |
(1.74 |
) | ||
Less
distributions from: |
||||
Net
investment income |
(0.44 |
) | ||
Total
distributions to shareholders |
(0.44 |
) | ||
Net
asset value, end of period |
$ |
22.87 |
||
Market
value, end of period |
$ |
22.56 |
||
Total
Return(c) |
||||
Net
asset value |
-7.06 |
% | ||
Ratios/Supplemental
Data: |
||||
Net
assets, end of period (in thousands) |
$ |
2,287 |
||
Ratio
to average net assets of: |
||||
Net
investment income |
5.13 |
% | ||
Total
expenses |
0.45 |
% | ||
Net
expenses |
0.45 |
% | ||
Portfolio
turnover rate(d) |
13 |
% |
(a) |
Since
commencement of operations: February 11, 2015. Percentage amounts for the
period, except total return and portfolio turnover rate, have been
annualized. |
(b) |
Based
on average shares outstanding. |
(c) |
Total
investment return is calculated assuming an initial investment made at the
net asset value at the beginning of the period, reinvestment of all
dividends and distribution at net asset value during the period, and
redemption on the last day of the period. Transaction fees are not
reflected in the calculation of total investment return. |
(d) |
Portfolio
turnover does not include securities received or delivered from processing
creations or redemptions. |
See
notes to financial statements. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 53 |
NOTES
TO FINANCIAL STATEMENTS |
August
31, 2015 |
Fund |
Index |
Guggenheim
China All-Cap ETF |
AlphaShares
China All-Cap Index |
Guggenheim
China Technology ETF |
AlphaShares
China Technology Index |
Guggenheim
Emerging Markets |
AlphaShares
Emerging Markets |
Real
Estate ETF |
Real
Estate Index |
Guggenheim
Solar ETF |
MAC
Global Solar Energy Index |
Guggenheim
S&P Global Water Index ETF |
S&P
Global Water Index |
Guggenheim
S&P High Income |
S&P
High Income |
Infrastructure
ETF |
Infrastructure
Index |
54
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Fund |
Frequency |
Guggenheim
China All-Cap ETF |
Annual |
Guggenheim
China Technology ETF |
Annual |
Guggenheim
Emerging Markets Real Estate ETF |
Quarterly |
Guggenheim
Solar ETF |
Annual |
Guggenheim
S&P Global Water Index ETF |
Annual |
Guggenheim
S&P High Income Infrastructure ETF |
Quarterly |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 55 |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Value
of |
|||||||||||||
Securities |
Cash |
Non-Cash |
Total |
||||||||||
Fund |
Loaned |
Collateral |
Collateral |
Collateral |
|||||||||
Guggenheim
China |
|||||||||||||
All-Cap
ETF |
$ |
3,976,167 |
$ |
4,092,518 |
$ |
141,947 |
$ |
4,234,465 |
|||||
Guggenheim
China |
|||||||||||||
Technology
ETF |
10,378,777 |
10,416,106 |
419,213 |
10,835,319 |
|||||||||
Guggenheim
Emerging |
|||||||||||||
Market
Real Estate ETF |
60,420 |
76,171 |
— |
76,171 |
|||||||||
Guggenheim
Solar ETF |
118,196,929 |
114,747,111 |
9,584,882 |
124,331,993 |
|||||||||
Guggenheim
S&P Global |
|||||||||||||
Water
Index ETF |
4,984,635 |
5,246,450 |
— |
5,246,450 |
|||||||||
Guggenheim
S&P |
|||||||||||||
High
Income |
|||||||||||||
Infrastructure
ETF |
84,369 |
86,992 |
— |
86,992 |
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% |
Guggenheim
Emerging Markets Real Estate ETF |
0.65% |
Guggenheim
S&P High Income Infrastructure ETF |
0.45% |
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 |
Fund Administration Expense | |||
Guggenheim
Solar ETF |
$ |
84,848 |
||
Guggenheim
S&P Global Water Index ETF |
85,750 |
56
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Fund |
Advisory
Fees Waived |
|||
Guggenheim
Solar ETF |
$ |
114,866 |
||
Guggenheim
S&P Global Water Index ETF |
2,217 |
Fund |
Licensor |
Guggenheim
China All-Cap ETF |
AlphaShares,
LLC |
Guggenheim
China Technology ETF |
AlphaShares,
LLC |
Guggenheim
Emerging Markets Real Estate 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 | |
Guggenheim
S&P High Income Infrastructure ETF |
S&P
Dow Jones Index Group |
Level
1 |
Level
2 |
Level
3 |
|||||||||||
Investments |
Investments |
Investments |
|||||||||||
In
Securities |
In
Securities |
In
Securities |
Total |
||||||||||
Assets |
|||||||||||||
Guggenheim
China |
|||||||||||||
All-Cap
ETF |
$ |
32,945,721 |
$ |
310,275 |
$ |
131,286 |
$ |
33,387,282 |
|||||
Guggenheim
China |
|||||||||||||
Technology
ETF |
55,951,021 |
166,466 |
47,031 |
56,164,518 |
|||||||||
Guggenheim
Emerging |
|||||||||||||
Markets
Real |
|||||||||||||
Estate
ETF |
2,140,351 |
— |
— |
2,140,351 |
|||||||||
Guggenheim
Solar ETF |
380,027,418 |
— |
— |
380,027,418 |
|||||||||
Guggenheim
S&P |
|||||||||||||
Global
Water |
|||||||||||||
Index
ETF |
350,195,928 |
— |
— |
350,195,928 |
|||||||||
Guggenheim
S&P |
|||||||||||||
High
Income |
|||||||||||||
Infrastructure
ETF |
2,367,371 |
— |
— |
2,367,371 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 57 |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Ending
Balance |
Valuation |
Unobservable |
||||||||
Fund |
Category |
at
8/31/15 |
Technique |
Inputs |
||||||
Guggenheim |
||||||||||
China
All-Cap |
Last
trade |
25%-100% |
||||||||
ETF |
Common
Stocks |
$ |
131,286 |
with
Adjustment |
Discount |
|||||
Guggenheim |
||||||||||
China |
||||||||||
Technology |
Last
trade |
|||||||||
ETF |
Common
Stocks |
$ |
47,031 |
with
Adjustment |
25%
Discount |
Guggenheim
China All-Cap ETF |
||||
Transfer
from Level 1 to Level 2 |
$ |
310,275 |
||
Transfer
from Level 1 to Level 3 |
121,067 |
Guggenheim
China Technology ETF |
||||
Transfer
from Level 1 to Level 2 |
$ |
166,466 |
||
Transfer
from Level 1 to Level 3 |
47,031 |
Level
3 – Fair value measurement using significant unobservable inputs |
||||
Guggenheim
China All-Cap ETF |
||||
Beginning
Balance |
$ |
15,888 |
||
Realized
Gain/Loss |
(52,584 |
) | ||
Change
in Unrealized Gain/Loss |
19,203 |
|||
Purchases |
27,712 |
|||
Transfer
In |
121,067 |
|||
Ending
Balance |
$ |
131,286 |
Level
3 – Fair value measurement using significant unobservable inputs |
||||
Guggenheim
China Technology ETF |
||||
Beginning
Balance |
$ |
— |
||
Transfer
In |
47,031 |
|||
Ending
Balance |
$ |
47,031 |
Level
3 – Fair value measurement using significant unobservable inputs |
||||
Guggenheim
Emerging Markets Real Estate ETF |
||||
Beginning
Balance |
$ |
— |
||
Change
in Unrealized Gain/Loss |
(16,584 |
) | ||
Purchases |
16,584 |
|||
Ending
Balance |
$ |
— |
Net
Tax |
|||||||||||||
Cost
of |
Gross
Tax |
Gross
Tax |
Unrealized |
||||||||||
Investments
for |
Unrealized |
Unrealized |
Appreciation |
||||||||||
Tax
Purposes |
Appreciation |
(Depreciation |
) |
(Depreciation |
) | ||||||||
Guggenheim
China All-Cap ETF |
$ |
38,105,462 |
$ |
3,544,358 |
$ |
(8,262,538 |
) |
$ |
(4,718,180 |
) | |||
Guggenheim
China Technology ETF |
71,069,814 |
2,261,877 |
(17,167,173 |
) |
(14,905,296 |
) | |||||||
Guggenheim
Emerging Markets Real Estate ETF |
2,546,922 |
86,470 |
(493,041 |
) |
(406,571 |
) | |||||||
Guggenheim
Solar ETF |
534,641,131 |
5,785,123 |
(160,398,836 |
) |
(154,613,713 |
) | |||||||
Guggenheim
S&P Global Water Index ETF |
309,310,913 |
63,437,039 |
(22,552,024 |
) |
40,885,015 |
||||||||
Guggenheim
S&P High Income Infrastructure ETF |
2,613,295 |
12,044 |
(257,968 |
) |
(245,924 |
) |
58
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Net
Unrealized |
Accumulated |
|||||||||
Undistributed |
Appreciation |
Capital
and |
||||||||
Fund |
Ordinary
Income |
(Depreciation |
) |
Other
Losses |
||||||
Guggenheim
China All-Cap ETF |
$ |
796,945 |
$ |
(4,718,180 |
) |
$ |
(8,454,834 |
) | ||
Guggenheim
China Technology ETF |
921,679 |
(14,905,283 |
) |
(13,075,336 |
) | |||||
Guggenheim
Emerging Markets |
||||||||||
Real
Estate ETF |
— |
(406,721 |
) |
(29,648 |
) | |||||
Guggenheim
Solar ETF |
2,948,189 |
(154,615,217 |
) |
(304,094,232 |
) | |||||
Guggenheim
S&P Global |
||||||||||
Water
Index ETF |
5,114,694 |
40,864,211 |
(96,280,459 |
) | ||||||
Guggenheim
S&P High Income |
||||||||||
Infrastructure
ETF |
25,245 |
(246,005 |
) |
(20,789 |
) |
Distributions
Paid from Ordinary Income |
||||
Guggenheim
China All-Cap ETF |
$ |
1,225,500 |
||
Guggenheim
China Technology ETF |
672,750 |
|||
Guggenheim
Emerging Markets Real Estate ETF |
82,270 |
|||
Guggenheim
Solar ETF |
5,534,720 |
|||
Guggenheim
S&P Global Water Index ETF |
5,956,080 |
|||
Guggenheim
S&P High Income Infrastructure ETF |
43,620 |
Distributions
Paid from Ordinary Income |
||||
Guggenheim
China All-Cap ETF |
$ |
972,000 |
||
Guggenheim
China Technology ETF |
538,200 |
|||
Guggenheim
Solar ETF |
3,755,928 |
|||
Guggenheim
S&P Global Water Index ETF |
4,754,400 |
Undistributed |
||||||||||
(Distributions
in |
||||||||||
Excess
of) |
|
Accumulated |
||||||||
Paid-In |
Net
Investment |
Net
Realized |
||||||||
Fund |
Capital |
Income |
Gain
(Loss |
) | ||||||
Guggenheim
China All-Cap ETF |
$ |
1,465,355 |
$ |
78,025 |
$ |
(1,543,380 |
) | |||
Guggenheim
China Technology ETF |
9,090,766 |
85,697 |
(9,176,463 |
) | ||||||
Guggenheim
Emerging |
||||||||||
Markets
Real Estate ETF |
— |
2,557 |
(2,557 |
) | ||||||
Guggenheim
Solar ETF |
29,792,422 |
(205,156 |
) |
(29,587,266 |
) | |||||
Guggenheim
S&P Global |
||||||||||
Water
Index ETF |
9,688,893 |
(75,129 |
) |
(9,613,764 |
) | |||||
Guggenheim
S&P High |
||||||||||
Income
Infrastructure ETF |
32,316 |
(1,704 |
) |
(30,612 |
) |
Unlimited |
Unlimited |
Total |
|||||||||||||||||
Capital
Loss |
Capital
Loss |
Capital
Loss |
Short-Term |
Long-Term |
Capital
Loss |
||||||||||||||
Fund |
Expiring
in 2017 |
Expiring
in 2018 |
Expiring
in 2019 |
Capital
Loss |
Capital
Loss |
Carryforward |
|||||||||||||
Guggenheim
China All-Cap ETF |
$ |
— |
$ |
(29,627 |
) |
$ |
(853,049 |
) |
$ |
(1,059,278 |
) |
$ |
(6,512,880 |
) |
$ |
(8,454,834 |
) | ||
Guggenheim
China Technology ETF |
— |
— |
(188,097 |
) |
(5,182,855 |
) |
(7,704,384 |
) |
(13,075,336 |
) | |||||||||
Guggenheim
Emerging Markets Real Estate ETF |
— |
— |
— |
(16,374 |
) |
— |
(16,374 |
) | |||||||||||
Guggenheim
Solar ETF |
(6,030,482 |
) |
(118,836,026 |
) |
(21,764,929 |
) |
(31,089,341 |
) |
(126,373,454 |
) |
(304,094,232 |
) | |||||||
Guggenheim
S&P Global Water Index ETF |
(31,879,617 |
) |
(38,476,281 |
) |
(16,548,141 |
) |
(1,193,868 |
) |
(8,182,552 |
) |
(96,280,459 |
) | |||||||
Guggenheim
S&P High Income |
|||||||||||||||||||
Infrastructure
ETF |
— |
— |
— |
(20,789 |
) |
— |
(20,789 |
) |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 59 |
NOTES
TO FINANCIAL STATEMENTS continued |
August
31, 2015 |
Fund |
Ordinary |
Capital |
|||||
Guggenheim
Emerging Markets Real Estate ETF |
$ |
13,274 |
$ |
— |
Purchases |
Sales |
||||||
Guggenheim
China All-Cap ETF |
$ |
8,566,480 |
$ |
9,040,252 |
|||
Guggenheim
China Technology ETF |
26,127,296 |
25,489,317 |
|||||
Guggenheim
Emerging Markets Real Estate ETF |
1,127,710 |
602,909 |
|||||
Guggenheim
Solar ETF |
174,901,403 |
176,605,279 |
|||||
Guggenheim
S&P Global Water Index ETF |
32,451,992 |
33,210,837 |
|||||
Guggenheim
S&P High Income Infrastructure ETF |
1,200,839 |
336,390 |
Purchases |
Sales |
||||||
Guggenheim
China All-Cap ETF |
$ |
— |
$ |
18,870,478 |
|||
Guggenheim
China Technology ETF |
33,257,276 |
47,964,870 |
|||||
Guggenheim
Emerging Markets Real Estate ETF |
1,956,963 |
— |
|||||
Guggenheim
Solar ETF |
217,364,394 |
244,979,437 |
|||||
Guggenheim
S&P Global Water Index ETF |
35,674,683 |
25,653,051 |
|||||
Guggenheim
S&P High Income Infrastructure ETF |
2,505,306 |
854,976 |
60
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 61 |
SUPPLEMENTAL
INFORMATION (Unaudited) |
August
31, 2015 |
Fund |
Dividend
received deduction |
Guggenheim
China All-Cap ETF |
0.04% |
Guggenheim
China Technology ETF |
0.00% |
Guggenheim
Emerging Markets Real Estate ETF |
0.29% |
Guggenheim
Solar ETF |
0.03% |
Guggenheim
S&P Global Water ETF |
21.71% |
Guggenheim
S&P High Income Infrastructure ETF |
13.48% |
Fund |
Qualified
dividend income |
Guggenheim
China All-Cap ETF |
65.36% |
Guggenheim
China Technology ETF |
20.60% |
Guggenheim
Emerging Markets Real Estate ETF |
33.87% |
Guggenheim
Solar ETF |
3.49% |
Guggenheim
S&P Global Water ETF |
99.09% |
Guggenheim
S&P High Income Infrastructure ETF |
98.93% |
Name,
Address* and Year of Birth |
Position(s) Held with Trust |
Office
and Length of Time Served** |
Principal
Occupation(s) During Past Five Years |
Number
of Portfolios in Fund Complex Overseen |
Other
Directorships Held by Trustee | |||||
Independent
Trustees: |
||||||||||
Randall
C. Barnes (1951) |
Trustee |
Since
2006 |
Current:
Private Investor (2001-present).
Former:
Senior Vice President and Treasurer, PepsiCo, Inc. (1993-1997); President,
Pizza Hut International (1991-1993); Senior Vice President, Strategic
Planning and New Business Development, PepsiCo, Inc. (1987-1990). |
93 |
Current:
Trustee, Purpose Investments Funds (2014-present). | |||||
Donald
A. Chubb, Jr. (1946 ) |
Trustee |
Since
2014 |
Current:
Business broker and manager of commercial real estate, Griffith &
Blair, Inc. (1997-present). |
89 |
Current:
Midland Care, Inc. (2011- present) | |||||
Jerry
B. Farley (1946) |
Trustee |
Since
2014 |
Current:
President, Washburn University (1997-present). |
89 |
Current:
Westar Energy, Inc. (2004- present); CoreFirst Bank & Trust
(2000-present). |
62
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
SUPPLEMENTAL
INFORMATION (Unaudited) continued |
August
31, 2015 |
Name,
Address* and Year of Birth |
Position(s) Held with Trust |
Office
and Length of Time Served** |
Principal
Occupation(s) During Past Five Years |
Number
of Portfolios in Fund Complex Overseen |
Other
Directorships Held by Trustee | |||||
Independent
Trustees continued: |
||||||||||
Roman
Friedrich III (1946) |
Trustee
and Chairman of the Contracts Review Committee |
Since
2010 |
Current:
Founder and Managing Partner, Roman Friedrich &
Company(1998-present). Former: Senior Managing Director, MLV & Co. LLC (2010-2011). |
89 |
Current:
Zincore Metals, Inc. (2009-present). Former:
Axiom Gold and Silver Corp. (2011-2012). | |||||
Robert
B. Karn III (1942) |
Trustee
and Chairman of the Audit Committee |
Since
2010 |
Current:
Consultant (1998-present). Former: Arthur Andersen (1965-1997) and Managing Partner, Financial and Economic Consulting, St. Louis office (1987-1997). |
89 |
Current:
Peabody Energy Company (2003-present); GP Natural Resource Partners, LLC
(2002-present). | |||||
Ronald
A. Nyberg (1953) |
Trustee
and Chairman of the Nominating and Governance Committee |
Since
2006 |
Current:
Partner, Nyberg & Cassioppi, LLC (2000-present). Former: Executive Vice President, General Counsel, and Corporate Secretary, Van Kampen Investments (1982-1999). |
95 |
Current:
Edward-Elmhurst Healthcare System (2012-present). | |||||
Maynard
F. Oliverius (1943) |
Trustee |
Since
2014 |
Current:
Retired. Former: President and CEO, Stormont-Vail HealthCare (1996-2012). |
89 |
Current:
Fort Hays State University Foundation (1999-present); Stormont-Vail
Foundation (2013- present); University of Minnesota HealthCare Alumni
Association Foundation (2009-present). | |||||
Ronald
E. Toupin, Jr. (1958) |
Trustee
and Chairman of the Board |
Since
2006 |
Current:
Portfolio Consultant (2010-present). Former: Vice President, Manager and Portfolio Manager, Nuveen Asset Management (1998-1999); Vice President, Nuveen Investment Advisory Corp. (1992-1999); Vice President and Manager, Nuveen Unit Investment Trusts (1991-1999); and Assistant Vice President and Portfolio Manager, Nuveen Unit Investment Trusts (1988-1999), each of John Nuveen & Co., Inc. (1982-1999). |
92 |
Former:
Bennett Group of Funds (2011-2013). | |||||
Interested
Trustee: |
||||||||||
Donald
C. Cacciapaglia*** (1951) |
President,
Chief Executive Officer and Trustee |
Since
2012 |
Current:
President and CEO, certain other funds in the Fund Complex (2012-present);
Vice Chairman, Guggenheim Investments (2010-present). Former: Chairman and CEO, Channel Capital Group, Inc. (2002-2010). |
224 |
Current:
Clear Spring Life Insurance Company (2015-present) Guggenheim Partners
Japan, Ltd. (2014-present); Delaware Life (2013-present); Guggenheim Life
and Annuity Company (2011- present); Paragon Life Insurance Company of
Indiana (2011-present). |
* |
The
business address of each Trustee is c/o Guggenheim Investments, 227 West
Monroe Street, Chicago, IL 60606. |
** |
Each
Trustee serves an indefinite term, until his successor is elected and
qualified. |
*** |
This
Trustee is deemed to be an "interested person" of the Funds under the 1940
Act by reason of his position with the Funds' Investment Adviser and/or
the parent of the Investment Adviser. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 63 |
SUPPLEMENTAL
INFORMATION (Unaudited) continued |
August
31, 2015 |
Name,
Address* and Year of Birth |
Position(s)
held with the Trust |
Term
of Office and Length of Time Served** |
Principal
Occupations During Past Five Years | |||
Officers: |
||||||
Joseph
M. Arruda (1966) |
Assistant
Treasurer |
Since
2014 |
Current:
Assistant Treasurer, certain other funds in the Fund Complex
(2006-present); Vice President, Security Investors, LLC (2010-present);
CFO and Manager, Guggenheim Specialized Products, LLC
(2009-present). Former: Vice President, Security Global Investors, LLC (2010-2011); Vice President, Rydex Advisors, LLC (2010); Vice President, Rydex Advisors II, LLC (2010). | |||
William
H. Belden, III (1965) |
Vice
President |
Since
2006 |
Current:
Vice President, certain other funds in the Fund Complex (2006-present);
Managing Director, Guggenheim Funds Investment Advisors, LLC
(2005-present). Former: Vice President of Management, Northern Trust Global Investments (1999-2005). | |||
Joanna
M. Catalucci (1966) |
Chief
Compliance Officer |
Since
2012 |
Current:
Chief Compliance Officer, certain funds in the Fund Complex
(2012-present); Senior Managing Director, Guggenheim Investments
(2012-present). Former: Chief Compliance Officer and Secretary, certain other funds in the Fund Complex (2008-2012); Senior Vice President & Chief Compliance Officer, Security Investors, LLC and certain affiliates (2010-2012); Chief Compliance Officer and Senior Vice President, Rydex Advisors, LLC and certain affiliates (2010-2011). | |||
Mark
J. Furjanic (1959) |
Assistant
Treasurer |
Since
2008 |
Current:
Vice President, Guggenheim Investments (2005-present); Assistant
Treasurer, certain other funds in the Fund Complex
(2008-present). Former: Senior Manager, Ernst & Young LLP (1999-2005). | |||
James
M. Howley (1972) |
Assistant
Treasurer |
Since
2006 |
Current:
Director, Guggenheim Investments (2004-present); Assistant Treasurer,
certain other funds in the Fund Complex (2006-present). Former: Manager of Mutual Fund Administration, Van Kampen Investments, Inc. (1996-2004). | |||
Amy
J. Lee (1961) |
Chief
Legal Officer |
Since
2013 |
Current:
Chief Legal Officer, certain other funds in the Fund Complex
(2013-present); Senior Managing Director, Guggenheim Investments
(2012-present). Former: Vice President, Associate General Counsel and Assistant Secretary, Security Benefit Life Insurance Company and Security Benefit Corporation (2004-2012). | |||
Mark
E. Mathiasen (1978) |
Secretary |
Since
2011 |
Current:
Secretary, certain other funds in the Fund Complex (2007-present);
Managing Director, Guggenheim Investments (2007-present). | |||
Michael
P. Megaris (1984) |
Assistant
Secretary |
Since
2014 |
Current:
Assistant Secretary, certain other funds in the Fund Complex
(2014-present); Senior Associate, Guggenheim Investments
(2012-present). Former: J.D., University of Kansas School of Law (2009-2012). | |||
Kimberly
J. Scott (1974) |
Assistant
Treasurer |
Since
2012 |
Current:
Vice President, Guggenheim Investments (2012-present); Assistant
Treasurer, certain other funds in the Fund Complex
(2012-present). Former: Financial Reporting Manager, Invesco, Ltd. (2010-2011); Vice President/Assistant Treasurer of Mutual Fund Administration, Van Kampen Investments, Inc./Morgan Stanley Investment Management (2009-2010); Manager of Mutual Fund Administration, Van Kampen Investments, Inc./Morgan Stanley Investment Management (2005-2009). | |||
Bryan
Stone (1979) |
Vice
President |
Since
2014 |
Current:
Vice President, certain other funds in the Fund Complex (2014-present);
Director, Guggenheim Investments (2013-present). Former: Senior Vice President, Neuberger Berman Group LLC (2009-2013); Vice President, Morgan Stanley (2002-2009). | |||
John
L. Sullivan (1955) |
Chief
Financial Officer, Chief Accounting Officer and Treasurer |
Since
2010 |
Current:
CFO, Chief Accounting Officer and Treasurer, certain other funds in the
Fund Complex (2010-present); Senior Managing Director, Guggenheim
Investments (2010-present). Former: Managing Director and CCO, each of the funds in the Van Kampen Investments fund complex (2004- 2010); Managing Director and Head of Fund Accounting and Administration, Morgan Stanley Investment Management (2002-2004); CFO and Treasurer, Van Kampen Funds (1996-2004). |
* |
The
business address of each officer is c/o Guggenheim Investments, 227 West
Monroe Street, Chicago, IL 60606. |
** |
Each
officer serves an indefinite term, until his or her successor is duly
elected and qualified. The date reflects the commencement date upon which
the officer held any officer position with the
Trust. |
64
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
APPROVAL
OF ADVISORY AGREEMENT – |
|
CLAYMORE
EXCHANGE TRADED FUND TRUST 2 |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 65 |
APPROVAL
OF ADVISORY AGREEMENT – |
|
CLAYMORE
EXCHANGE TRADED FUND TRUST 2 continued |
August
31, 2015 |
66
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
APPROVAL
OF ADVISORY AGREEMENT – |
|
CLAYMORE
EXCHANGE TRADED FUND TRUST 2 continued |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 67 |
APPROVAL
OF ADVISORY AGREEMENT – |
|
CLAYMORE
EXCHANGE TRADED FUND TRUST 2 continued |
August
31, 2015 |
68
| CLAYMORE EXCHANGE-TRADED FUND TRUST 2 ANNUAL
REPORT |
APPENDIX
A |
August
31, 2015 |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 69 |
TRUST
INFORMATION |
August
31, 2015 |
Board
of Trustees |
Principal
Executive Officers |
Investment
Adviser |
Accounting
Agent, | |||
Randall
C. Barnes |
Donald
C. Cacciapaglia |
Guggenheim
Funds |
Custodian
and | |||
|
President
and Chief |
Investment
Advisors, LLC |
Transfer
Agent | |||
Donald
C. Cacciapaglia* |
Executive
Officer |
Chicago,
IL |
The
Bank of New York | |||
|
|
Mellon
Corp. | ||||
Donald
A. Chubb, Jr. |
Joanna
M. Catalucci |
Distributor |
New
York, NY | |||
Chief
Compliance Officer |
Guggenheim
Funds |
| ||||
Jerry
B. Farley |
|
Distributors,
LLC |
Legal
Counsel | |||
Amy
J. Lee |
Chicago,
IL |
Dechert
LLP | ||||
Roman
Friedrich III |
Chief
Legal Officer |
|
New
York, NY | |||
|
Administrator |
| ||||
Robert
B. Karn III |
Mark
M. Mathiasen |
Rydex
Fund Services, LLC |
Independent
Registered | |||
Secretary |
Rockville,
MD |
Public
Accounting Firm | ||||
Ronald
A. Nyberg |
|
|
Ernst
& Young LLP | |||
John
L. Sullivan |
Chicago,
IL | |||||
Maynard
F. Oliverius |
Chief
Financial Officer, |
| ||||
Chief
Accounting Officer |
||||||
Ronald
E. Toupin, Jr., |
and
Treasurer |
|||||
Chairman |
|
|||||
*
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. |
CLAYMORE
EXCHANGE-TRADED FUND TRUST 2 ANNUAL REPORT | 71 |
ABOUT
THE TRUST ADVISER |