Global High Dividend & Growth Blueprints® Select Portfolio Series 2

The Trust utilizes three different quantitative strategies to determine the constituents of the final portfolio. Each strategy represents an approximately equal portion of the portfolio (or approximately 33% each). The portfolio is a blend of securities selected from the following strategies:

• Guggenheim ABC High Dividend Strategy (20 securities)
• Guggenheim Inflation Defense & Dividend Strategy (30 securities)
• Zacks Income Advantage Strategy (50 securities)

In constructing the Trust’s portfolio, 100 securities will be selected using the three fundamentally based quantitative strategies listed below.

Guggenheim ABC High Dividend Strategy:

Twenty securities were selected six business days prior to the initial date of deposit (the “Inception Date”) based on the following fundamentally based quantitative criteria:

1. Initial Universe. Start with an initial universe of securities that include all Australia, Brazil or Canada domiciled companies listed on a major U.S. (the New York Stock Exchange and the NASDAQ Stock Market), Australian (the Australian Securities Exchange) or Canadian (Toronto Stock Exchange) exchange.
2. Sub-Universe. Reduce the initial universe of securities to a sub-universe that includes all securities that meet the following requirements:
   • Security must be a common share or depositary receipt.
   • Security may not be a real estate investment trust, investment fund, exchange-traded fund, trust or limited partnership.
   • Minimum one year of trading history for the parent company. 2 Investment Summary
   • Market capitalization greater than $200 million.
   • Minimum 20-day average daily dollar trading volume greater than $1 million (U.S.-traded American Depositary Receipts (“ADRs”) do not have to meet this liquidity minimum as long as the underlying foreign local shares meet this liquidity minimum).
   • Preference given to a U.S.-traded ADR security, if available, over foreign-traded local shares. In the event a parent company has multiple securities traded on different non- U.S. exchanges, preference given to the most liquid security. Liquidity is measured by the most traded shares of the security class.
   • Exclude securities that have pending cash-only merger and acquisition or other corporate action events which will lead to delisting of the security from the qualifying exchanges listed above.
3. Dividend Yield Rule. Select from the sub-universe the six securities from each of the three countries (Australia, Brazil and Canada) that have the highest current dividend yield and then select the next two securities with the highest current dividend yield regardless of domicile. The dividend yield is determined on the same day the securities are selected.
4. Substitution Rule. In the event that one country runs out of available qualifying securities, select a substitute security or securities from the sub-universe of companies domiciled in the other two countries. The first substitute security selected should be the next highest yielding unselected name from the remaining countries with the stipulation that each of the other countries with available qualifying securities need to have been chosen once before the first substitute security’s country is chosen from again.

Guggenheim Inflation Defense & Dividend Strategy:

Thirty securities were selected six business days prior to the Inception Date based on the following quantitative criteria:

1. Initial Universe. Start with an initial universe of securities that are traded on exchanges in the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Philippines, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, the United Kingdom and the United States.
2. Sub-Universe. Reduce the initial universe of securities to a subuniverse that includes all securities that meet the following requirements:
   • Security must be a common share or depositary receipt.
   • Security may not be an exchange-traded fund, investment fund or limited partnership.
   • Security may not be a trust, with the exception that up to eight Canadian royalty trusts may be included in the sub-universe (specifically, the top eight yielding Canadian royalty trusts that meet all other sub-universe criteria).
   • Minimum one year of trading history for the security.
   • Market capitalization greater than $200 million.
   • Minimum 30-day average daily dollar trading volume greater than $600,000. U.S.-traded ADRs do not have to meet this liquidity minimum as long as the underlying foreign local shares meet this liquidity minimum.
   • Duplication Screen: Preference given to the U.S.-traded ADR security, if available, over foreign exchange traded shares. In the event a parent company has multiple securities traded on different non-U.S. exchanges, preference is given to the most liquid security.
   • Exclude securities that have pending cash-only merger and acquisition or other corporate action events which will lead to the delisting of the security from the qualifying exchanges listed above.
   • Industry Screen: Only include companies engaged in the following FactSet global sectors and/or industries (the strategy “Sleeve Categories” in the table below are used to specify target portfolio weights in the next step):

     Sleeve Category	Sectors / Industries Included
     Agriculture	Agricultural Chemicals, and Forest Products
     Energy	Oil & Gas Production, Integrated Oil, and Coal
     Mining	Aluminum, and Other Metals/Minerals
     Precious Metals	Precious Metals, Gold

3. Ranking and Sleeve Category Weightings. Rank the available companies within each Sleeve Category by indicated dividend yield (a higher rank will be given to the security with the larger market capitalization when yields are equal or zero). Select the following number of top-ranked companies from each Sleeve Category, with a 2% portfolio weight assigned to each:

   Sleeve Category	Target Position Count	Target Sleeve Weight
   Agriculture	6	20%
   Energy	12	40%
   Mining	7	23.33%
   Precious Metals	5	16.67%

4. Substitution Rule. In the event that the Agriculture or Precious Metals Sleeve Categories run out of available qualifying securities, select a substitute security or securities from 4 Investment Summary the remaining top-ranked securities in the Energy and Mining Sleeve Categories. Substitute securities will be chosen in alternating fashion from the Energy and Mining Sleeve Categories. Ranking ties will be broken by highest yield, then highest market capitalization. In the unlikely event that the Energy and Mining Sleeve Categories run out of substitute securities before the full set of 30 strategy securities have been selected, then adjust the weights of all qualifying portfolio securities upwards so that the equally-weighted strategy totals 100%.

Zacks Income Advantage Strategy:

The Zacks Income Advantage Strategy utilizes a quantitative selection process developed by Zacks & Company (“Zacks”).

The Zacks Income Advantage Strategy is divided into different asset segments: common shares of closed-end investment companies (“closed-end funds”), common stocks/ADRs, master limited partnerships (“MLPs”), real estate investment trusts (“REITs”) and stocks of oil/energy related companies or companies created to hold investments in operating companies or their cash flows (“Oil/Energy Companies”). The selection methodology for each asset segment is described below. The securities were selected eight business days prior to the Inception Date.

An investment can be made in the closed-end funds without paying the sales fee, operating expenses and organization costs of the Trust.

The security selection process begins by identifying an initial universe of North American-traded securities in the Zacks Investment Research, Inc. database. As of December 31, 2010, the Zacks Investment Research, Inc. database was composed of over 8,200 North American-traded securities. These securities include, but are not limited to, closed-end funds, common stocks, ADRs, MLPs, REITs, Oil/Energy Companies and exchange-traded funds. From this initial universe, the Zacks Income Advantage Strategy is compiled using the following five quantitative sub-strategies:

Closed-end fund Segment. The closed-end fund portion of the portfolio is reduced to seven securities based on the following pre-set quantitative investment criteria:

1. Eliminate those closed-end funds that are not trading at a discount to Net Asset Value or have less than $300 million in assets under management.
2. Eliminate those closed-end funds that have a dividend yield equal to zero.
3. Eliminate those closed-end funds with less than $1 million in liquidity, where liquidity is defined as price times average three-month trading volume.
4. Rank the remaining securities based on descending dividend yield and select the best seven closed-end funds for inclusion in the strategy.
5. Weight these seven securities based on dividend yield to make up approximately 10% of the Zacks Income Advantage Strategy.

Common Stock/ADR Segment. The Common Stock/ADR portion of the strategy is reduced to 20 securities based on the following pre-set quantitative investment criteria:

1. Rank the securities in this asset segment by descending market capitalization and eliminate those securities not among the largest 1,000.
2. Eliminate those securities with a payout ratio of greater than 80%.
3. From the remaining universe, eliminate those securities with a share price less than $10.00 and less than $2 million in liquidity, where liquidity is defined as price times average three-month trading volume.
4. Rank the remaining securities based on descending dividend yield and select the best 20 securities for inclusion in the strategy.
5. Weight these 20 securities based on dividend yield to make up approximately 30% of the Zacks Income Advantage Strategy.

MLP Segment. The MLP portion of the strategy is reduced to eight securities based on the following pre-set quantitative investment criteria:

1. Eliminate those MLPs with a share price less than $10.00 and less than $3 million in liquidity, where liquidity is defined as price times average three-month trading volume.
2. Rank the remaining securities based on proportional short interest and eliminate the 10% with the largest amount of short interest.
3. Rank the remaining securities based on descending dividend yield and select the best 8 securities for inclusion in the strategy.
4. Weight these eight securities based on dividend yield to make up approximately 17.5% of the Zacks Income Advantage Strategy.

REIT Segment. The REIT portion of the strategy is reduced to ten securities based on the following pre-set quantitative investment criteria:

1. Eliminate those REITs with a share price less than $10.00 and less than $5 million in liquidity, where liquidity is defined as price times average three-month trading volume.
2. Rank the remaining securities based on proportional short interest and eliminate the 10% with the largest amount of short interest.
3. Rank the remaining securities based on descending dividend yield and select the best ten securities for inclusion in the strategy.
4. Weight these ten securities based on dividend yield to make up approximately 20% of the Zacks Income Advantage Strategy.

Oil/Energy Segment. The Oil/Energy Company portion of the strategy is reduced to five securities (exclusive of the MLPs selected for the Trust, certain of which are also part of the energy sector) based on the following preset quantitative investment criteria:

1. Eliminate those Oil/Energy Companies with a share price less than $10.00 and less than $3 million in liquidity, where liquidity is defined as price times average three-month trading volume.
2. Rank the remaining securities based on descending dividend yield and select the best five securities for inclusion in the strategy.
3. Weight these five securities based on liquidity to make up approximately 22.5% of the Zacks Income Advantage Strategy.

Zacks Income Strategy Construction. The asset segments are combined to form the final Zacks Income Advantage Strategy. A final liquidity check is performed to ensure investability and portfolio capacity. Any security that has a liquidity value – defined as price times average three-month daily trading volume – less than the estimated investment may be removed from the strategy. The removed security will be replaced with the next highest ranked security from the same asset segment.

In the event that a non-MLP security is selected which may not be treated as a corporation for U.S. tax purposes, that non-MLP security will be removed and the next security in the list will be selected for inclusion in the strategy.

Final Portfolio Construction

In the event that the same stock was selected by more than one of the three strategies, the sub-strategy which gave the stock the higher weighting in the final portfolio was left unchanged and the sub-strategy giving the stock the lower weighting in the final portfolio was replaced by the stock with the next highest rank within the relevant sub-strategy.

Guggenheim Partners Investment Management, LLC

Guggenheim Partners Investment Management, LLC, is a subsidiary of Guggenheim Partners, LLC and an affiliate of the Sponsor, which offers financial services expertise within its asset management, investment advisory, capital markets, institutional finance and merchant banking business lines. Clients consist of a mix of individuals, family offices, endowments, foundations, insurance companies, pension plans and other institutions that together have entrusted the firm with supervision of more than $100 billion in assets. A global diversified financial services firm, Guggenheim Partners, LLC office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, St. Louis, Houston, London, Dublin, Geneva, Hong Kong, Singapore, Mumbai and Dubai.

The Sponsor is also a subsidiary of Guggenheim Partners, LLC. See “General Information” in the prospectus for additional information.

Zacks & Company

Zacks & Company is a Chicago-based broker-dealer—a member of FINRA and SIPC. Founded in 1978, it is an affiliate of Zacks Investment Research, Inc., and is wholly-owned by Leonard Zacks, president of Zacks Investment Research, Inc. Zacks’ principal business activity is the execution of trades for institutional customers by its independent trading desk. The company also provides consulting services for its customers. In addition, through its clearing firm, Zacks provides stock market execution for soft dollar research clients of Zacks Investment Research, Inc. The Trust will pay Zacks Investment Research, Inc. a one-time licensing fee for the use of its intellectual property.

As with all investments, you may lose some or all of your investment in the Trust. No assurance can be given that the Trust’s investment objective will be achieved. The Trust also might not perform as well as you expect. This can happen for reasons such as these:

• Securities prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the Trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Units of the Trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
• Due to the current state of the economy, the value of the securities held by the Trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. Starting in December 2007, economic activity declined across all sectors of the economy, and the United States experienced increased unemployment. The economic crisis affected the global economy with European and Asian markets also suffering historic losses. Standard & Poor’s Rating Services recently lowered its long-term sovereign credit rating on the United States to “AA+” from “AAA,” which could lead to increased interest rates and volatility. Extraordinary steps have been taken by the governments of several leading countries to combat the economic crisis; however, the impact of these measures is not yet fully known and cannot be predicted.
• The Trust includes closed-end funds. Closed-end funds are actively managed investment companies that invest in various types of securities. Closed-end funds issue common shares that are traded on a securities exchange. Closed-end funds are subject to various risks, including management’s ability to meet the closed-end fund’s investment objective and to manage the closed-end fund’s portfolio during periods of market turmoil and as investors’ perceptions regarding closed-end funds or their underlying investments change. Closed-end funds are not redeemable at the option of the shareholder and they may trade in the market at a discount to their net asset value. Closed-end funds may also employ the use of leverage which increases risk and volatility. Instability in the auction rate preferred shares market may affect the volatility of closed-end funds that use such instruments to provide leverage.
• The Trust invests in securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more investment risk than securities of larger capitalization companies. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
• Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that the issuers of the securities will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
• The Trust and certain closed-end funds held by the Trust invest in ADRs, U.S.-listed foreign securities and foreign securities listed on a foreign exchange. The Trust’s investment in ADRs and foreign securities presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, foreign risk is the risk that foreign stocks will be more volatile than U.S. stocks due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards. In addition, the Trust’s investment in companies headquartered or incorporated in Canada may expose unitholders to additional risks that may be associated with Canada or the Canadian securities markets.
• The Trust and certain closed-end funds held by the Trust invest in securities issued by companies headquartered or incorporated in countries considered to be emerging markets. Emerging markets are generally defined as countries with low per capita income in the initial stages of their industrialization cycles. Risks of investing in developing or emerging countries include the possibility of investment and trading limitations, liquidity concerns, delays and disruptions in settlement transactions, political uncertainties and dependence on international trade and development assistance. Companies headquartered in emerging market countries may be exposed to greater volatility and market risk.
• The Trust includes securities whose value may be dependent on currency exchange rates. The U.S. dollar value of these securities may vary with fluctuations in foreign exchange rates. Most foreign currencies have fluctuated widely in value against the U.S. dollar for various economic and political reasons such as the activity level of large international commercial banks, various central banks, speculators, hedge funds and other buyers and sellers of foreign currencies.
• The Trust may invest in companies that are considered to be passive foreign investment companies (“PFICs”). In general, PFICs are certain non-U.S. corporations that receive at least 75% of their annual gross income from passive sources (such as interest, dividends, certain rents and royalties or capital gains) or that hold at least 50% of their assets in investments producing such passive income. As a result of an investment in PFICs, the Trust could be subject to U.S. federal income tax and additional interest charges on gains and certain distributions with respect to those equity interests, even if all the income or gain is distributed to its unitholders in a timely manner. The Trust will not be able to pass through to its unitholders any credit or deduction for such taxes.
• The value of the fixed-income securities in the closed-end funds will generally fall if interest rates, in general, rise. Typically, fixed-income securities with longer periods before maturity are more sensitive to interest rate changes.
• A closed-end fund or an issuer of securities held by a closed-end fund may be unwilling or unable to make principal payments and/or to declare distributions in the future, may call a security before its stated maturity, or may reduce the level of distributions declared. This may result in a reduction in the value of your units.
• The financial condition of a closed-end fund or an issuer of securities held by a closed-end fund may worsen, resulting in a reduction in the value of your units. This may occur at any point in time, including during the primary offering period.
• Certain closed-end funds held by the Trust invest in bonds that are rated below investment-grade and are considered to be “junk” securities. Below investment-grade obligations are considered to be speculative and are subject to greater market and credit risks, and accordingly, the risk of nonpayment or default is higher than with investment-grade securities. In addition, such securities may be more sensitive to interest rate changes and more likely to receive early returns of principal.
• Certain closed-end funds held by the Trust may invest in bonds that are rated as investment-grade by only one rating agency. As a result, such split-rated securities may have more speculative characteristics and are subject to a greater risk of default than securities rated as investment-grade by more than one rating agency.
• Current economic conditions may lead to limited liquidity and greater volatility. The markets for fixed-income securities, such as those held by the closed-end funds, may experience periods of illiquidity and volatility. General market uncertainty and consequent repricing risk have led to market imbalances of sellers and buyers, which in turn have resulted in significant valuation uncertainties in a variety of fixed-income securities. These conditions resulted, and in many cases continue to result in, greater volatility, less liquidity, widening credit spreads and a lack of price transparency, with many debt securities remaining illiquid and of uncertain value. These market conditions may make valuation of some of the securities held by a closed-end fund uncertain and/or result in sudden and significant valuation increases or declines in its holdings.
• The Trust and certain closed-end funds held by the Trust invest in REITs. REITs may concentrate their investments in specific geographic areas or in specific property types, such as, hotels, shopping malls, residential complexes and office buildings. The value of the REITs and other real estate securities and the ability of such securities to distribute income may be adversely affected by several factors, including: rising interest rates; changes in the global and local economic climate and real estate conditions; perceptions of prospective tenants of the safety, convenience and attractiveness of the properties; the ability of the owner to provide adequate management, maintenance and insurance; increased competition from new properties; the impact of present or future environmental legislation and compliance with environmental laws; changes in real estate taxes and other operating expenses; adverse changes in governmental rules and fiscal policies; adverse changes in zoning laws; declines in the value of real estate; the downturn in the subprime mortgage lending market and the real estate markets in the United States; and other factors beyond the control of the issuer of the security.
• The Trust invests in MLPs. MLPs are limited partnerships or limited liability companies that are taxed as partnerships and whose interests (limited partnership units or limited liability company units) are traded on securities exchanges like shares of common stock. Currently, most MLPs operate in the energy, natural resources or real estate sectors. Investments in MLP interests are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk.
• The Trust includes securities issued by companies involved with the production of certain commodities. Commodity companies include those companies involved in the production of building materials, aluminum, non-ferrous metals, precious metals and steel and other commodities, as well as companies that explore for, produce, refine, distribute or sell petroleum, gas products and other commodities. General risks of commodity companies include price and supply fluctuations, excess capacity, economic recession, government regulations and overall capital spending rates. Exposure to commodities markets may subject the Trust to greater volatility than other investments. Certain commodities may be produced in a limited number of countries and may be controlled by a small number of producers.
• The Trust includes securities issued by companies in the energy sector. Companies in the energy sector are subject to volatile fluctuations in price and supply of energy fuels, and can be impacted by international politics and conflicts, including the unrest in Iraq and hostilities in the Middle East, terrorist attacks, the success of exploration projects, reduced demand as a result of increases in energy efficiency and energy conservation, natural disasters, clean-up and litigation costs associated with environmental damage and extensive regulation.
• Inflation may lead to a decrease in the value of assets or income from investments.
• The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may, when creating additional units, continue to buy, the same securities even though a security’s outlook, market value or yield may have changed.
• Please note that the Sponsor may be engaged as a service provider to certain closed-end funds held by the Trust and therefore certain fees paid by the Trust to such closed-end funds will be paid to the Sponsor for it services to such closed-end funds.
• In addition to the expenses of the units of the Trust, the Trust is subject to various expenses of the closed-end fund.