ML Top Picks for 2014 Series 2

The Trust seeks to provide a portfolio of 50 companies that represent the top stock picks for 2014 (the “Top Picks”) published by Bank of America Merrill Lynch ( “Merrill Lynch”) Research group. The stocks included in the Top Picks represent the choice of individual fundamental equity analysts’ views regarding the most attractive stocks in their covered stocks for the industry identified by Merrill Lynch. The Top Picks are chosen by Merrill Lynch Research without regard to the Trust or its unitholders. The Sponsor is solely responsible for selecting investments for the Trust. See “Trust Portfolio” for more information regarding the stocks selected.

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.

Disclaimers. The Trust is not sponsored or endorsed by BofA Merrill Lynch and BofA Merrill Lynch makes no representation or warranty, express or implied, to the unit holders of the Trust or any member of the public regarding the advisability of investing in units of the Trust. BofA Merrill Lynch’s only relationship to the sponsor or the Trust is the licensing of certain trademarks and the development ML Top Picks for 2014, which is determined and composed by BofA Merrill Lynch without regard to the Trust or its unit holders. BofA Merrill Lynch has no obligation or liability in connection with the investment decisions made by the sponsor or Trust or in connection with administration of the Trust.

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.

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

• 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.