Systematic Withdrawal Plan (SWP)

Benefits of Systematic Withdrawal Plan (SWP)

Systematic withdrawal plans offer many benefits. For example, systematic withdrawal plans allow account holders to access their money at regular intervals as they need it. This makes it easier for investors to carry out their financial plans and help meet their goals.

Systematic withdrawal plans allow investors a certain level of independence from market fluctuations and may reduce the single period price risk associated with withdrawing large amounts at once.

Systematic withdrawal plans may work well within retirement minimum withdrawal accounts.

Systematic Withdrawal Plan (SWP)

The Systematic Withdrawal Plan (“SWP”) allows existing Unitholders of any Claymore ETF to withdraw a fixed amount of money from that specific Claymore ETF on a monthly, quarterly or annual basis. Unitholders may use the SWP to potentially supplement the income they are receiving from other sources.

Important Information regarding the SWP:

  • There are no commissions or service charges related to the SWP.
  • The frequency of SWP payments can be monthly, quarterly or annually.
  • No minimum holding requirement.
  • Cash withdrawals are subject to a minimum of $50 and a maximum of $5,000 for each class of units of a Claymore ETF.
  • Unitholders will receive cash proceeds on or about the 6th business day following the last business day of the period in which the withdrawal is made.

How to Enroll in the SWP

To enroll in the SWP, you must be an existing Unitholder of the Claymore ETF from which you wish to withdraw cash. Unitholders can enroll in the SWP by contacting their investment advisor, discount broker, investment counselor, or other investment dealer where they hold the Units (“CDS Participant”) and providing notice of intention to enroll in the Claymore SWP. Once set up, the SWP will continue automatically each period (monthly, quarterly, annually) unless terminated or suspended. To make changes to the withdrawal amount under the SWP, Unitholders must contact their CDS Participant. Deadline for notices of enrollment and changes will vary by CDS Participant.

Terminating or Suspending Enrollment in the SWP

Unitholders can terminate or suspend enrollment in the SWP without cost at any time by giving notice to their CDS Participant. Deadline for notice will vary by CDS Participant.

If you have any questions on the SWP, please feel free to contact us.

There is no guarantee that this strategy will be successful.

DRIP REINVESTMENT PLAN (DRIP)

ETF PRODUCTS BY ASSET CLASS




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