0001445305-14-005705 Sample Contracts

INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • December 29th, 2014 • Claymore Exchange-Traded Fund Trust • Delaware

THIS INVESTMENT SUB-ADVISORY AGREEMENT (the “Agreement”) dated as of December 1, 2014, among Claymore Exchange-Traded Fund Trust, a Delaware statutory trust (the “Trust”), Guggenheim Funds Investment Advisors, LLC, a Delaware limited liability company (the “Investment Adviser”), and Guggenheim Partners Investment Management, LLC, a Delaware limited liability company (the “Investment Sub-Adviser”).

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