Guggenheim International Dividend Strategy Portfolio Series 15

The Trust seeks to provide total return primarily through capital appreciation and dividend income by investing in a diversified portfolio of international equity securities listed on the major public U.S. securities exchanges listed below. The Trust's strategy is to capture international growth potential, while applying dividend income to counterbalance global economic volatility and to potentially insulate the Trust from further potential domestic slowdown. The Sponsor, with the assistance of Guggenheim Partners Investment Management, LLC ("GPIM"), an affiliate of the Sponsor and Guggenheim Partners, LLC, has selected the securities to be included in the Trust’s portfolio. The Sponsor and GPIM believe that companies that distribute significant dividends on a consistent basis demonstrate strong financial strength and positive performance relative to their peers.

See “Investment Policies” in Part B of the prospectus for more information

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

Security Selection Rules:

In constructing the Trust’s portfolio, 30 securities were selected based on the following fundamentally based quantitative criteria as of the Security Selection Date. Except as set forth herein, the investment strategy utilizes information provided by Bloomberg L.P.

1. Start with an initial universe of securities that includes all non-U.S. headquartered companies with equity securities listed on the New York Stock Exchange (“NYSE”) and the NASDAQ® Stock Market (“NASDAQ”).

2. Reduce the initial universe of securities to a sub-universe that includes all securities that meet the following requirements:

• Market capitalization greater than $5 billion. Market capitalization is determined by the closing price as of the Security Selection Date.
• Free float over 20% of common shares outstanding. Free float is provided by Bloomberg L.P. and is defined as the number of shares that are available to the public and is calculated by subtracting the shares held by insiders and those deemed to be stagnant shareholders from the shares outstanding. Stagnant holders include employee stock ownership plans, employee share ownership trusts, qualifying employee share ownership trusts, employee benefit trusts, corporations not actively managing money, venture capital companies and shares held by governments. The number of shares is stated in millions.
• Minimum liquidity of $0.5 million. Liquidity is determined by the average 20 day trading volume in U.S. dollars and is calculated as the average of a 20 trading day look back from the Security Selection Date (i.e., trading volume in shares multiplied by the closing price for the day).
• Minimum one year price history for each non-U.S. headquartered company’s equity security traded on the NYSE and NASDAQ, as of the Security Selection Date. • Minimum three-year price history for each non-U.S. headquartered company’s primary equity security, as designated by Bloomberg L.P. If a company has several listings or tickers, Bloomberg L.P. selects the fundamental ticker based on “listing dates, country of domicile, and liquidity.”
• Duplication screen so that in the event a parent company has multiple classes of securities that meet the above criteria, the class that has the greatest market capitalization is considered for final selection.

3. Dividend Yield Rule: Select from the subuniverse above the 30 securities, as of the Security Selection Date, with the highest rankings for the average of the trailing three years of actual dividend yield. The actual dividend yield for each subuniverse security is measured for the prior three yearly periods, with the yearly periods ending on the Security Selection Date. Each yearly period’s actual dividend yield is measured as all dividends earned during the yearly period divided by starting security price. Securities are eligible for selection if the actual dividend yield in each of the prior three yearly periods is greater than the median actual dividend yield for all names in the sub-universe for that yearly period. Median dividend yield is defined as the specific dividend yield that separates the higher half of the annual dividend yields of the sub-universe of securities from the lower half of the annual dividend yields of the sub-universe of securities. The 30 securities are subject to the Portfolio Diversification & Concentration Rules below.

Portfolio Diversification & Concentration Rules:

The Trust’s portfolio will consist of 30 securities, equally weighted as of the Security Selection Date, using the Security Selection Rules outlined above that also satisfy the Portfolio Diversification & Concentration Rules below:

1. Sector Diversification: The Trust’s portfolio must consist of securities from a minimum of six of the Global Industry Classification Standards (“GICS”) sectors, with no more than 25% of the Trust’s portfolio in any single GICS sector as of the Security Selection Date.

2. Geographical Diversification: The Trust’s portfolio must consist of securities from companies headquartered in at least 10 different countries with no more than 20% of the Trust’s portfolio from any single country as of the Security Selection Date.

3. If the Trust portfolio does not consist of securities from a minimum of six GICS sectors, those securities originally selected for the Trust portfolio that have the lowest average 12-quarter dividend yield as of the Security Selection Date are replaced with securities in the sub-universe that have the next-highest average 12-quarter dividend yield and that are also classified by GICS as belonging to an unrepresented sector in the trust portfolio. This substitution process is repeated until the Trust portfolio contains securities from a minimum of six GICS sectors. Similarly, if more than 25% of the Trust portfolio is represented by a single GICS sector, the securities from that sector with the lowest average 12-quarter dividend yield are replaced with securities in the sub-universe that have the next-highest average 12-quarter dividend yield and that are also classified in a different GICS sector.

4. If the Trust portfolio does not consist of securities of companies headquartered in at least 10 different countries, those securities originally selected for the Trust portfolio that have the lowest average 12-quarter dividend yield as of the Security Selection Date are replaced with securities in the sub-universe that have the next-highest average 12-quarter dividend yield and that are also securities of companies located in an unrepresented country in the Trust portfolio. This substitution process is repeated until the Trust portfolio contains securities of companies headquartered in at least 10 different countries. Similarly, if more than 20% of the Trust portfolio is represented by securities of companies headquartered in a single country, the securities of companies headquartered in that country with the lowest average 12-quarter dividend yield are replaced with securities in the sub-universe that have the next-highest average 12-quarter dividend yield and that are also securities of companies located in a different country.

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 Security Selection Date. In the event that any diversification or concentration limit is breached in the construction of the Trust’s portfolio, the lowest dividend-yielding security that breached the limit is removed and the Dividend Yield Rule is reapplied until a portfolio of 30 securities is generated that satisfies both the Security Selection Rules and the Portfolio Diversification & Concentration Rules.