Multi-Asset Global Dividend Strategy Portfolio Series 3

Under normal circumstances, the Trust will invest at least 80% of the value of its assets in dividend-paying securities. The Trust seeks to provide dividend income by investing in a portfolio of equity securities, real estate companies and master limited partnerships (“MLPs”). Real estate companies, which include real estate investment Trusts (“REITs”), are companies designated under the real estate industry group by the Global Industry Classification Standard (“GICS”). The Sponsor will select 100 securities across five different quantitative strategies, as described below. Each security selected for the final portfolio will represent approximately 1% of the portfolio on the security selection date. The international securities held by the Trust may include securities issued by companies located in countries considered to be emerging markets. As of the date of deposit, the Trust will invest at least 40% of its assets in the securities of non- U.S. companies located in at least three different countries, as defined by Russell Investments. In addition, the Trust may invest in securities of companies with small-, mid- and large-capitalizations. As a result of this strategy, the Trust invests significantly in the financials sector, the consumer products sector and the energy sector.

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 Sponsor and GPIM believe that companies that distribute significant dividends on a consistent basis generally demonstrate financial strength and positive performance relative to their peers.

The Trust’s portfolio was constructed and the securities were selected five business days prior to the initial date of deposit (the “Security Selection Date”) using the five quantitative strategies listed below. Unless otherwise listed below, the source for the data is S&P Research Insight.

U.S.-Listed Equities

1. Initial Universe: Begin with the largest 1,500 U.S. companies, which may include U.S.-listed foreign securities, but exclude real estate companies, limited liability companies and MLPs. Market capitalization is measured as of the Security Selection Date.

2. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe by excluding securities that meet any of the following as of the Security Selection Date:

•  Securities with a total market capitalization less than $500 million dollars and an average daily trading volume less than $1 million dollars;

•  Exchange-traded funds, mutual funds and closed-end investment companies; or

•  The highest 1% of securities ranked by dividend yield, which is calculated as the trailing 12-month dividend payments per share divided by price per share.

3. Rank: Rank the remaining sub-universe of securities by the following factors from highest to lowest as of the Security Selection Date using the most recently reported information:

•  Dividend yield;

•  Cash flow yield, which is calculated as income before extraordinary items plus depreciation over the previous 12 months divided by the issuer's total market value; and

•  Asset utilization, which is calculated as the sum of sales over the last 12 months divided by total assets. Each financial metric will create a separate score so that every security will have three scores. These three scores are aggregated to create one composite score for a security.

4. Selection: Select the top 35 securities based on an aggregate score from the criteria above. As of the Security Selection Date, the individual GICS allocation in this strategy will not exceed a 15 percentage point difference in weighting when compared to the sector weighting of the initial universe of this strategy described in step 1 above. For example, if the financials sector weighting for the initial universe was 20%, the strategy’s allocation to the financials sector must be between 5% and 35%. As another example, if the financials sector weighting for the initial universe was 10%, the strategy’s allocation to the financials sector must be between 0% and 25%. If the securities selected by the strategy are not enough to meet the minimum sector allocation, then next highest-ranking security from that sector will be added until the minimum sector allocation is met. Once the minimum sector allocation is met, the same number of securities that were added to that sector will be removed from any of the other sectors in the order of lowest-ranking. On the other hand, if a sector limit has been reached, additional securities in that sector will not be included and the next highest-ranking security will be selected.

Foreign-Listed Equities

1. Initial Universe: Begin with the largest 1,500 international companies, which are companies domiciled outside the United States and traded on a major foreign exchange, but exclude real estate companies, limited liability companies and MLPs. Market capitalization is measured as of the Security Selection Date.

2. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe by excluding securities that meet any of the following as of the Security Selection Date:

•  Securities with a total market capitalization less than $500 million dollars and an average daily trading volume less than $1 million dollars;

•  Exchange-traded funds, mutual funds and closed-end investment companies; or

•  The highest 1% of securities ranked by dividend yield.

3. Rank Securities: Rank the remaining sub-universe of securities by the following factors from highest to lowest as of the Security Selection Date using the most recently reported information:

•  Dividend yield;

•  Momentum, which is calculated as the 12-month total return; and

•  Return on assets, which is income before extraordinary items divided by total assets. Each financial metric will create a separate score so that every security will have three scores. These three scores are aggregated to create one composite score for a security.

4. Selection: Select the top 35 securities based on an aggregate score from the criteria above. As of the Security Selection Date, the individual GICS allocation in this strategy will not exceed a 15 percentage point difference in weighting when compared to the sector weighting of the initial universe of this strategy described in step 1 above, nor will the individual country allocation exceed a 15 percentage point difference in weighting when compared to the country weighting of the initial universe of this strategy described in step 1 above. If the securities selected by the strategy are not enough to meet the minimum sector or country allocations, then next highest-ranking security from that sector or country will be added until the minimum allocation is met. Once the minimum allocation is met, the same number of securities that were added to that sector or country will be removed from any of the other sectors or countries in the order of lowest-ranking. On the other hand, if a sector or country limit has been reached, additional securities in that sector or country will not be included and the next highest-ranking security will be selected.

U.S.-Listed Real Estate Companies

1. Initial Universe: Begin with all U.S.- traded real estate companies, excluding limited liability companies and MLPs.

2. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe by excluding securities that meet any of the following as of the Security Selection Date:

•  Securities with less than $150 million in market capitalization and less than $1 million in average daily trading volume;

•  Exchange-traded funds, mutual funds, closed-end investment companies, limited partnerships and common stock;

•  The lowest 10% of securities ranked by dividend yield growth (the ratio of the current annualized dividend per share to the average annualized dividend per share over the last 60 months);

•  The lowest 10% of securities ranked by cash flow yield; or

•  The lowest 10% of securities ranked by momentum.

3. Rank: Rank the remaining sub-universe of securities by dividend yield from highest to lowest as of the Security Selection Date using the most recently reported information.

4. Selection: Select the top 10 securities based on the dividend yield rank above.

Foreign-Listed Real Estate Companies

1. Initial Universe: Begin with all international real estate companies, which are real estate companies domiciled outside of the United States and traded on a major foreign exchange, but exclude limited liability companies and MLPs.

2. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe by excluding securities that meet any of the following as of the Security Selection Date:

•  Securities with less than $150 million in market capitalization and less than $1 million in average daily trading volume;

•  Exchange-traded funds, mutual funds, closed-end investment companies, limited partnerships and common stock; or

•  The lowest 10% of securities ranked by momentum.

3. Rank: Rank the remaining sub-universe of securities by dividend yield from highest to lowest as of the Security Selection Date using the most recently reported information.

4. Selection: Select the top five securities based on the dividend yield rank above.

MLPs and Limited Liability Companies

1. Initial Universe: Begin with all U.S.-traded limited liability companies and MLPs.

2. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe of by excluding securities that meet any of the following as of the Security Selection Date:

•  Securities less than $250 million in market capitalization;

•  Exchange-traded funds, mutual funds, closed-end investment companies, common stock and real estate companies;

•  The lowest 20% of securities ranked by profit margin, which is calculated as income before extraordinary items divided by 12- month sales;

•  The lowest 10% of securities ranked by dividend yield growth;

•  The lowest 10% of securities ranked by cash flow yield; or

•  The lowest 10% of securities ranked by trading volume, which is calculated as the average monthly trading volume over the previous three months divided by the average monthly trading volume over the previous 12 months.

3. Rank: Rank remaining sub-universe of securities by dividend yield from highest to lowest as of the Security Selection Date using the most recently reported information.

4. Selection: Select the top 15 names based on the dividend yield rank above.

Final Portfolio

The securities chosen for the final portfolio will be equally weighted as of the Security Selection Date and, accordingly, each security will be approximately 1% of the Trust portfolio on the Security Selection Date.

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.

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” 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.

• Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that share prices of the securities in the Trust will not decline and 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.

• Securities selected according to this strategy may not perform as intended. The Trust is exposed to additional risk due to its policy of investing in accordance with an investment strategy. Although the Trust’s investment strategy is designed to achieve the Trust’s investment objective, the strategy may not prove to be successful. The investment decisions may not produce the intended results and there is no guarantee that the investment objective will be achieved.

• The Trust invests significantly in the financial sector. As a result, the factors that impact the financial sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Companies in the financial sector include banks, insurance companies and investment firms. The profitability of companies in the financial sector is largely dependent upon the availability and cost of capital which may fluctuate significantly in response to changes in interest rates and general economic developments. Financial sector companies are especially subject to the adverse effects of economic recession, decreases in the availability of capital, volatile interest rates, portfolio concentrations in geographic markets and in commercial and residential real estate loans, and competition from new entrants in their fields of business. Negative developments initially relating to the subprime mortgage market and subsequently spreading to other parts of the economy, have adversely affected credit and capital markets worldwide and significantly impacted financial sector companies.

• The Trust invest significantly in the consumer products sector. As a result, the factors that impact the consumer products sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. General risks of companies in the consumer products sector include cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, product liability litigation and increased government regulation. A weak economy and its effect on consumer spending would adversely affect companies in the consumer products sector.

• The Trust invests significantly in the energy sector. As a result, the factors that impact the energy sector will have a greater effect on this Trust than on a more broadly diversified Trust. 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.

• The Trust invests in securities issued by small-capitalization and midcapitalization companies. These securities customarily involve more investment risk than securities of largecapitalization companies. Smallcapitalization 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.

• The Trust invests in foreign securities listed on a foreign exchange and U.S.-listed foreign securities. The Trust’s investment in foreign securities listed on a foreign exchange and U.S.- listed foreign securities presents additional risk. 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 invests in 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 is concentrated in securities issued by European companies. As a result, political, economic or social developments in Europe may have a significant impact on the securities included in the Trust. Specifically, a significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies by directing independent interest rates for their currencies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the euro, is exercised by the European Central Bank. Furthermore, the European sovereign debt crisis and the related austerity measures in certain countries have had, and continue to have, a significant negative impact on the economies of certain European countries and their future economic outlooks.

• 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 benefit the Trust derives from its investment in MLPs is largely dependent on their being treated as partnerships for federal income tax purposes. As a partnership, an MLP has no income tax liability at the entity level. If, as a result of a change in an MLP’s business, an MLP were treated as a corporation for federal income tax purposes, such MLP would be obligated to pay federal income tax on its income at the applicable corporate tax rate. If an MLP was classified as a corporation for federal income tax purposes, the amount of cash available for distribution with respect to its units would be reduced and any such distributions received by the Trust would be taxed entirely as dividend income if paid out of the earnings of the MLP. Therefore, treatment of an MLP as a corporation for federal income tax purposes would result in a material reduction in the after-tax return to the Trust, likely causing a substantial reduction in the value of the units of the Trust.

• The Trust invests in REITs and real estate companies. 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 markets and the real estate markets in the United States; and other factors beyond the control of the issuer of the security.

• 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.

See “Investment Risks” in Part A of the prospectus and “Risk Factors” in Part B of the prospectus for additional information.