Guggenheim Global Infrastructure & Dividend Portfolio Series 2

The Trust aims to invest in a portfolio of 50 geographically diverse firms that meet major “infrastructure” needs – broken up into categories of the four basic utilities (electric, water, telecom, and gas distribution), railroads, and major construction related companies. The Trust aims to invest in firms that may participate in the global governmental focus on expansion (developing economies) and upgrade (developed economies) of critical infrastructure. The strategy has a secondary objective of providing dividend income. However, there can be no assurance that the securities contained in the Trust will benefit from the growth potential of global infrastructure companies or that the Trust will achieve its investment objective.

The Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC ("GPIM"), an affiliate of Guggenheim Partners, LLC, has selected the securities to be included in the Trust’s portfolio.

The Trust’s portfolio is constructed and the securities were selected approximately six business days prior to the initial date of deposit (the “Inception Date”) using the Security Selection Rules outlined below.

Security Selection Rules:

In constructing the Trust’s portfolio, 50 securities will be selected based on the following fundamentally based quantitative criteria:

1. Initial Universe. Start with an initial universe of securities that are traded on the following exchanges: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Mexico, Netherlands, Norway, Philippines, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, the United Kingdom and the United States. The initial universe is not restricted to securities of companies that are headquartered or domiciled in these countries, rather the companies in the initial universe must have securities that trade in the above-listed countries. A Geographic Region (North America, South America, Western Europe, Pacific Rim, or Other), as defined and assigned by FactSet, is designated for each firm based on the location of the firm’s headquarters, and is used in the security ranking step described below.
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 an investment fund, exchange-traded fund, trust or limited partnership.
   • Minimum one year of trading history for the parent company.
   • Market capitalization greater than $200 million.
   • Minimum 30-day average daily dollar trading volume greater than $600,000 (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.
   • Industry Screen: Only include companies engaged in the following specific FactSet industries (the strategy ‘Sleeve Category’ names in the table below are used to specify target portfolio weightings in the next step of the security selection process):

     Sleeve Category	Included
     Electric	Electric Utilities
     Water	Water Utilities
     Gas	Gas Distributors Oil & Gas Pipelines
     Telecom	Telecommunications Equipment Major Telecommunications Wireless Telecommunications
     Rail	Railroads
     Construction	Engineering & Construction

3. Ranking Methodology. Within each combination of Sleeve Category and Geographic Region, rank all firms by indicated dividend yield (with higher rank given to larger market capitalization when yields are equal or zero). This will result, for example, in a #1 ranked North American Gas company, a #1 ranked South American Gas company, a #1 ranked Pacific Rim Gas company, etc. The entire sub-universe is ranked by this Sleeve/Region rank, then by dividend, and then by market cap.
4. Selection and Substitution. Select the top ranked firms, with a 2% portfolio weight assigned to each security. As the portfolio is being constructed, any firm that violates either of the below portfolio total limits is skipped. Continue selection process until 50 securities are chosen.

Portfolio Limits:

• Sleeve Categories Electric, Water, Gas and Telecom must each have a total portfolio weighting between 12-20%. Sleeve Category Rail must have a portfolio weighting between 10%-16%. Sleeve Category Construction must have a portfolio weighting between 20%-28%.
• Maximum country exposure: For countries with greater than a 1% portfolio weight relative to global equity market capitalization, limit portfolio weight to an excess of 10% of its global contribution. For countries with 0.4% - 1% portfolio weight relative to global equity market capitalization, limit portfolio weight to 10 times its global contribution. All remaining smaller countries can have up to 4% weighting in the portfolio.

Please note that due to the fluctuating nature of security prices, the weighting of an individual security or sector in the Trust portfolio may change after the portfolio selection date.

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.

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 most countries experienced increased unemployment. The economic crisis affected the global economy with European and Asian markets also suffering historic losses. 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 securities issued by companies in the industrials sector. Companies in the industrials sector are affected by a number of factors including the general state of the economy, intense competition, domestic and international politics, excess capacity and spending trends.
• The Trust includes securities from the utilities sector. Adverse developments in this sector may significantly affect the value of your units. Companies involved in the utilities sector must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
• 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 invests in foreign securities, ADRs and Global Depositary Receipts (“GDRs”). The Trust’s investment in foreign securities, ADRs and GDRs presents additional risk. ADRs and GDRs 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 securities will be more volatile than U.S. securities 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.
• The Trust includes securities issued by companies headquartered or incorporated in countries considered to be emerging markets. The performance of the securities included in the Trust may be dependent, in part, on the growth or decline of emerging market countries. 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. In addition, the economies of emerging market countries may be extremely volatile and subject to increased risks.
• 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 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.
• 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.