As filed with the Securities and Exchange Commission on January 31, 2011

SECURITIES ACT FILE NO. 333-134551

INVESTMENT COMPANY ACT FILE NO. 811-21906

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                                                       þ

Pre-Effective Amendment No.                                                                                                                                ¨

Post Effective Amendment No. 117                                                                                                                       þ

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940                          þ

Amendment No. 119

(Check appropriate box or boxes)

CLAYMORE EXCHANGE-TRADED FUND TRUST

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

2455 CORPORATE WEST DRIVE

LISLE, ILLINOIS 60532

(Address of Principal Executive Offices)

(630) 505-3700

Registrant's Telephone Number

KEVIN M. ROBINSON, ESQ.

GUGGENHEIM FUNDS INVESTMENT ADVISORS, LLC

2455 CORPORATE WEST DRIVE

LISLE, ILLINOIS 60532

(Name and Address of Agent for Service)

Copy to:

STUART M. STRAUSS, ESQ.

DECHERT LLP

1095 AVENUE OF THE AMERICAS

NEW YORK, NY 10036

APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:

IT IS PROPOSED THAT THIS FILING WILL BECOME EFFECTIVE (CHECK APPROPRIATE BOX)

þ           IMMEDIATELY UPON FILING PURSUANT TO PARAGRAPH (B) OF RULE 485.

¨           ON [DATE] PURSUANT TO PARAGRAPH (B) OF RULE 485.

¨           60 DAYS AFTER FILING PURSUANT TO PARAGRAPH (A)(1) OF RULE 485.

¨           ON [DATE] PURSUANT TO PARAGRAPH (A) OF RULE 485.

¨           75 DAYS AFTER FILING PURSUANT TO PARAGRAPH (A)(2) OF RULE 485.

¨           ON [DATE] PURSUANT TO PARAGRAPH (A)(2) OF RULE 485.

EXPLANATORY NOTE

This filing relates solely to the following series of the Registrant:

Guggenheim BulletShares 2012 High Yield Corporate Bond ETF

Guggenheim BulletShares 2013 High Yield Corporate Bond ETF

Guggenheim BulletShares 2014 High Yield Corporate Bond ETF

Guggenheim BulletShares 2015 High Yield Corporate Bond ETF

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lisle and State of Illinois on the 31st day of January, 2011.

CLAYMORE EXCHANGE-TRADED FUND TRUST

By:        /s/ Kevin M. Robinson

Kevin M. Robinson

Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

SIGNATURES	TITLE	DATE
*
Randall C. Barnes	Trustee	January 31, 2011
*
Roman Friedrich III	Trustee	January 31, 2011
*
Robert B. Karn III	Trustee	January 31, 2011
*
Ronald A. Nyberg	Trustee	January 31, 2011
*
Ronald E. Toupin, Jr.	Trustee	January 31, 2011
/s/ John L. Sullivan John L. Sullivan	Treasurer, Chief Financial Officer and Chief Accounting Officer	January 31, 2011
/s/ Kevin M. Robinson		January 31, 2011
Kevin M. Robinson *Attorney-In-Fact, pursuant to power of attorney

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EXHIBIT INDEX

EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema Document
EX-101.CAL	XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB	XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase

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