Investor’s Health Weekly For June 8, 2009

• Special Feature

•Maritime Transportation: Where Are We In The Cycle?

•Presented By Bruce Zaro, Chief Technical Strategist, Delta Global Shipping Index

• Vital Signs

• Coming This Week

Maritime Transportation

• Where are we in the cycle?

• Boom, bust

• Supply, demand

2 year performance DJIA vs DAC, GMR, EGLE

Maritime Transportation: Current Demand

• China: Canary in a coal mine?

• Government stimulus

• Exports vs. consumption

• Re-stocking or true demand?

Maritime Transportation

• Supply of ships

• Current order book

• Total vessels

• Deliveries

• This year

• Outer yearsPlease note that due to the lack of new newbuilding orders in most of the above sectors, the prices are estimates.

Maritime Transportation

• Important Sector Indicators

• Dry Bulk Order Book

• Capesize

• Panamax

• Handymax

• Handysize

* Includes ALL vessels on order

Maritime Transportation

• Effect of shipping crisis on shipbuilding contracts

• Lehman failure

• Buyer default

• Seller default

Maritime Transportation: Indicators And Trends

• Dividend Cycle

• Cash flow

• Liquidity

Tanker Rates

Maritime Transportation: Indicators And Trends

• Dividend Cycle

• Cash flow

• Liquidity

Dry Market Rates

• Ship asset prices

• Second hand market

• Availability of

financing

Maritime Transportation: Indicators And Trends

Second hand values

Maritime Transportation: Baltic Dry IndexBALTIC DRY EXCHANGE RATES

THIS WEEK LAST WEEK CHANGECHANGE

%

Baltic Dry Index 3809 3494 315 9,02%

Baltic Capesize 6812 6125 687 11,22%

Baltic Panamax 3252 2900 352 12,14%

Baltic Supramax 1832 1831 1 0,05%

Baltic Handysize 880 864 16 1,85%

• Plunge in 2008

• Rebound in 2009

• Sustainable?

Maritime Transportation: Segments

• Dry Bulk

• Tanker

• Container

• Chemicals

Maritime Transportation: Delta Global Shipping Index

• 30 largest global shipping companies

• Licensed to Claymore

• ETF symbol SEA

TOP FUND HOLDINGSas of 6/5/09

NAMESYMBO

LWEIGHTIN

G

NAVIOS MARITIME HOLDINGS

NM  5.84 %

SHIP FINANCE INTERNATIONAL LTD

SFL  4.92 %

NEPTUNE ORIENT LINES LTD NOL  4.76 %

COSCO CORP SINGAPORE LTD

COS  4.70 %

COMPAGNIE MARITIME BELGE

CMB  4.36 %

Holding subject to change on a daily basis.

COUNTRY WEIGHTING

United State

s

15.30 %

 

Bermuda 13.47 %

 

Japan 12.94 %

 

Greece 12.64 %

 

Belgium 9.39 %

TOP FUND COUNTRY WEIGHTINGSas of 3/31/09

Maritime Transportation: Delta Global Shipping Index

• 30 largest global shipping companies

• Licensed to Claymore

• ETF symbol SEAHolding subject to change on a daily basis.

U.S. Highlights

• Steepened yield curve

• Recovery indicator

Coming This Week

• Germany: industrial production

• Canada: trade balance

• Japan: GDP

Thank you for your participation

Information, estimates and opinions contained in this report were obtained from sources we believe to be reliable, but are not guaranteed as to accuracy or completeness. This report has been prepared for informational purposes and is not a solicitation or an offer to buy or sell any security. It does not purport to be a complete description or analysis of the securities, companies, markets or developments referred to herein. All expressions of opinions are subject to change without notice, and we do not undertake to advise you of any change in our figures or recommendations. We, our employees, and/or our officers and directors may from time to time have long or short positions in the securities mentioned herein. The securities mentioned in this report may not be suitable for all types of investors; their value and the income they produce may fluctuate and/or may be adversely affected by exchange rates.