Blueprints Triple Play Portfolio Series 7

The Trust utilizes three different quantitative strategies to determine the constituents of the final portfolio. The portfolio is a blend of securities selected from the following strategies:

• Guggenheim US High Dividend Strategy (25 securities, 50% of the portfolio)
• Guggenheim US SMID High Dividend Strategy (50 securities, 25% of the portfolio)
• Guggenheim International Dividend Strategy (30 securities, 25% of the portfolio)

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

In constructing the Trust’s portfolio, 105 securities were selected using the three fundamentally based quantitative strategies listed below.

Guggenheim US High Dividend Strategy:

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

1. Initial Universe: Start with an initial universe of securities which meet the following criteria as of the Security Selection Date:
   • Begin with all securities in the S&P 1500 Composite Index.
   • Exclude securities which do not have a policy of regular periodic cash dividends (quarterly, semiannual or yearly), or have omitted the most recent regular periodic cash dividend.
   • Exclude securities with a market capitalization less than $200 million. Market capitalization is determined by the closing price as of the Security Selection Date.
   • Exclude securities with a liquidity of less than $0.6 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 as provided by FactSet Research Systems, Inc.).
2. Rank on Fundamentals: Rank every company identified in the initial universe against other companies in the same sector, as defined by Global Industry Classification Standard, along each of the following reported financial metrics. Each ranking is determined as of the Security Selection Date using the most recently reported information and uses a scale of 1 through 10 (1 representing the highest scoring 10% in the sector and 10 representing the lowest scoring 10% in the sector):
   
   • Return on assets as provided by S&P Compustat, and calculated as latest four quarters of reported operating income divided by the average of most recent reported total assets and year ago reported total assets.
   • Earnings before interest, taxes, depreciation and amortization for the latest four quarters divided by enterprise value, as provided by S&P Compustat. Enterprise value is determined by adding the equity market capitalization as of the most recent closing price with the total outstanding long term and short term debt as determined by the most recently available balance sheet, and then subtracting any cash and short term investments as determined by the most recently available balance sheet.
   • Year-over-year growth in sales per share, as provided by S&P Compustat. Trailing year-over-year growth is the percentage change in sales per-share for the trailing 12 months versus the sales per-share from the prior 12 months. Sales per-share is the trailing 12 months of sales from the most recent trailing quarterly or semi-annual filings, whichever is most current, divided by the end of period reported count of common shares outstanding used to calculate basic earnings per share. Each financial metric will create a separate score so that every company will have three scores. These three scores are averaged together to create one composite score for a company. This composite score is used to rank the companies in the next step in order to determine the sub-universe of securities.
3. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe that meets the following requirements, with each requirement being applied independently to the initial universe from the other requirements in this step, as of the Security Selection Date:
   • Exclude the lowest ranked 25% of securities from the initial universe determined by the average of the three financial rankings described in step 2.
   • Exclude securities that have a pending cash or stock merger and acquisition or bankruptcy which will lead to delisting the security. Such events will be determined by reviewing the announced merger and acquisition data from Bloomberg and if the announced date falls before the Security Selection Date, an announcement of an agreement to be acquired in whole for cash or stock from an acquiring company or bankruptcy filing will cause exclusion.
4. Selection: Select from the sub-universe the twenty-five top dividend yielding securities (with higher rank given to larger market capitalization when yields are equal) that are also securities in the S&P 500 Index and equally weight these securities as of the Security Selection Date. Selected securities must adhere to following strategy limits as of the Security Selection Date:
   • Maximum 20% weight in any sector, as defined by Global Industry Classification Standard, as of the Security Selection Date.
   Once an investment limitation has been reached, additional securities of that type will not be included in the Trust and the next highest yielding security will be used. Each security has an initial weight of 2% of the overall portfolio.

Guggenheim US SMID High Dividend Strategy:

Fifty securities were selected five business days prior to the initial date of deposit (the “Security Selection Date”) based on the following fundamentally based quantitative criteria:

1. Initial Universe: Start with an initial universe of securities which meet the following criteria as of the Security Selection Date:
   • Begin with all securities in the S&P 1500 Composite Index.
   • Exclude securities which do not have a policy of regular periodic cash dividends (quarterly, semiannual or yearly), or have omitted the most recent regular periodic cash dividend.
   • Exclude securities with a market capitalization less than $200 million. Market capitalization is determined by the closing price as of the Security Selection Date.
   • Exclude securities with a liquidity of less than $0.6 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 as provided by FactSet Research Systems, Inc.).
2. Rank on Fundamentals: Rank every company identified in the initial universe against other companies in the same sector, as defined by Global Industry Classification Standard, along each of the following reported financial metrics. Each ranking is determined as of the Security Selection Date using the most recently reported information and uses a scale of 1 through 10 (1 representing the highest scoring 10% in the sector and 10 representing the lowest scoring 10% in the sector):
   • Return on assets as provided by S&P Compustat, and calculated as latest four quarters of reported operating income divided by the average of most recent reported total assets and year ago reported total assets.
   • Earnings before interest, taxes, depreciation and amortization for the latest four quarters divided by enterprise value, as provided by S&P Compustat. Enterprise value is determined by adding the equity market capitalization as of the most recent closing price with the total outstanding long term and short term debt as determined by the most recently available balance sheet, and then subtracting any cash and short term investments as determined by the most recently available balance sheet.
   • Year-over-year growth in sales per share, as provided by S&P Compustat. Trailing year-over-year growth is the percentage change in sales per-share for the trailing 12 months versus the sales per-share from the prior 12 months. Sales per-share is the trailing 12 months of sales from the most recent trailing quarterly or semi-annual filings, whichever is most current, divided by the end of period reported count of common shares outstanding used to calculate basic earnings per share. Each financial metric will create a separate score so that every company will have three scores. These three scores are averaged together to create one composite score for a company. This composite score is used to rank the companies in the next step in order to determine the sub-universe of securities.
3. Define Sub-Universe: Reduce the initial universe of securities to a sub-universe that meets the following requirements, with each requirement being applied independently to the initial universe from the other requirements in this step, as of the Security Selection Date:
   • Exclude the lowest ranked 25% of securities from the initial universe determined by the average of the three financial rankings described in step 2.
   • Exclude securities that have a pending cash or stock merger and acquisition or bankruptcy which will lead to delisting the security. Such events will be determined by reviewing the announced merger and acquisition data from Bloomberg and if the announced date falls before the Security Selection Date, an announcement of an agreement to be acquired in whole for cash or stock from an acquiring company or bankruptcy filing will cause exclusion.
4. Selection: Select from the sub-universe the fifty top dividend yielding securities (with higher rank given to larger market capitalization when yields are equal) that are also securities in the S&P 1000 Index and equally weight these securities as of the Security Selection Date. Selected securities must adhere to following strategy limits as of the Security Selection Date:
   • Maximum 20% weight in any sector, as defined by Global Industry Classification Standard, as of the Security Selection Date.
   • Maximum 10% weight in any industry, as defined by Global Industry Classification Standard, as of the Security Selection Date. Once an investment limitation has been reached, additional securities of that type will not be included in the Trust and the next highest yielding security will be used. Each security has an initial weight of 0.5% of the overall portfolio.

Guggenheim International Dividend Strategy

Thirty securities were selected five business days prior to the initial date of deposit (the “Security Selection Date”) using the Security Selection Rules and the Strategy Diversification & Concentration Rules outlined below.

Security Selection Rules:

Thirty 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 consists exclusively of 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 consists exclusively of all securities that meet all of 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 security, as of the Security Selection Date, based on trading on any U.S. exchange or alternative trading system.
   • Minimum three-year price history for each security’s primary equity listing, as designated by Bloomberg L.P. For ADR securities, the “primary equity listing” is generally the foreign listed security that the depository receipt references. For companies that cross list across countries, Bloomberg determines the “primary equity listing” based on their proprietary analysis of listing dates, country of domicile, and liquidity. For some foreign companies, the U.S.-listed security is also the “primary equity listing” if the foreign company chose only to list equity securities in the United States.
   • 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 sub-universe above the 30 securities, as of the Security Selection Date, with the highest arithmetic average of the three trailing yearly actual dividend yields. The three trailing yearly periods are defined as the full year of time that each end on the same month and day as the Security Selection Date for the current year, last year, and two years ago. Each yearly period’s actual dividend yield is measured as all dividends whose ex-dividend date fell within the yearly period, divided by the latest closing security price before the begin date of such yearly period. For example, if the Security Selection Date is March 12, 2012, then the prior yearly period includes March 13, 2011 to March 12, 2012, and the starting security price for this period is the last closing price of the security before the begin date, which was March 11, 2011 since the 13th was a Sunday. Securities are eligible for selection if their actual dividend yield exceeded the median actual dividend yield for all securities in the sub-universe in each of the three prior years. 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 Strategy Diversification & Concentration Rules below.

Strategy Diversification & Concentration Rules:

This strategy will consist of 30 securities, equally weighted as of the Security Selection Date, using the Security Selection Rules outlined above that also satisfy the Strategy Diversification & Concentration Rules below:

1. Sector Diversification: The strategy must consist of securities from a minimum of six of the Global Industry Classification Standards (“GICS”) sectors, with no more than 25% of the strategy in any single GICS sector as of the Security Selection Date.
2. Geographical Diversification: The strategy must consist of securities from companies headquartered, as provided by Bloomberg L.P., in at least 10 different countries with no more than 20% of the strategy from any single country as of the Security Selection Date.
3. If the strategy does not consist of securities from a minimum of six GICS sectors, those securities originally selected for the strategy 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 strategy. This substitution process is repeated until the strategy contains securities from a minimum of six GICS sectors. Similarly, if more than 25% of the strategy 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 strategy does not consist of securities of companies headquartered in at least 10 different countries, those securities originally selected for the strategy 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 strategy. This substitution process is repeated until the strategy contains securities of companies headquartered in at least 10 different countries. Similarly, if more than 20% of the strategy 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 strategy may change after the Security Selection Date.

In the event that any diversification or concentration limit is breached in the construction of the strategy, the lowest dividend-yielding security that breached the limit is removed and the Dividend Yield Rule is reapplied until 30 securities are generated for the strategy that satisfies both the Security Selection Rules and the Strategy Diversification & Concentration Rules.

Each security has an initial weight of 0.83% of the overall portfolio (1/30 of 25%).

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.

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” for additional information.

INDEX DEFINITION: The S&P 1500 Composite Index combines three leading indices - S&P 500, S&P MidCap 400 and S&P SmallCap 600 to form an investable benchmark of the U.S. equity market. Covering approximately 85% of the U.S. market capitalization, the Index offers investors the familiar characteristics of the S&P 500 but with broader market exposure. The S&P 1000 Index combines the two leading indices, the S&P MidCap 400 and the S&P SmallCap 600 to form an investable benchmark for the mid-small cap universe of the U.S. equity market. The S&P 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The indices are unmanaged and it is not possible to invest directly in the indices.

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. In addition, Standard & Poor’s Rating Services lowered its long-term sovereign credit rating on the United States to “AA+” from “AAA.” Effects of the economic crisis can still be felt in many countries around the world and may have an impact on the securities held by the Trust.
• 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.
• The Trust includes real estate investment Trusts (“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 market in the United States; and other factors beyond the control of the issuer of the security.
• 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.
• The Trust invests in U.S.-listed foreign securities and American Depositary Receipts (“ADRs”). The Trust’s investment in U.S.-listed foreign securities and ADRs 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 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.
• 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.