Wilshire Global ETF Allocation Portfolio Series 2

Under normal circumstances, the Trust will invest at least 80% of the value of its assets in shares of ETFs that are Sponsored by or affiliated with Guggenheim Funds or its affiliates, the Sponsor of the Trust. The ETFs held by the Trust invest in common stocks of foreign and domestic companies and common stocks of real estate investment trusts (“REITs”).

The Trust seeks to achieve its investment objective by selecting ETFs for the portfolio that invest in common stocks of foreign and domestic companies. As of the initial date of deposit (the “Inception Date”), approximately 50% of the Trust’s portfolio includes ETFs that invest a majority of their assets in securities issued by non-U.S. companies. In addition, as of the Inception Date, the ETFs in the Trust portfolio cumulatively invest in securities from at least 50 different foreign countries, including those located in developed and emerging markets. See “Principal Risks” and “Investment Risks” in the prospectus for information concerning the risks of investing in foreign securities.

The ETFs included in the Trust’s portfolio invest in common stocks of large, mid, small and micro capitalization companies. Please see “Principal Risks” and “Investment Risks” in the prospectus for information concerning the risks associated with investing in micro, small and mid-cap companies.

The ETFs held by the Trust are affiliated funds of the Sponsor and the Sponsor’s affiliate will receive management fees from the ETFs held in the Trust.

The Sponsor has selected Wilshire Associates (“Wilshire”) to serve as the Trust’s portfolio consultant. The portfolio consultant is responsible for assisting the Sponsor with the selection of the Trust’s portfolio.

When selecting the ETFs for the Trust, the Sponsor begins with a universe consisting of ETFs sponsored by Guggenheim Funds and its affiliates. From this starting universe of ETFs, the Sponsor, with the assistance of Wilshire, considers a number of factors in selecting constituents for the portfolio including, but not limited to, the size, liquidity and daily trading volume, the current dividend yield, the strategy and investment objective, the securities held by the ETF, the expense ratio and limitations on the overlap of the underlying securities held by the ETFs.

The Sponsor, with the assistance of Wilshire, has selected a portfolio of ETFs believed to have the best potential for capital appreciation. Wilshire’s approach to security allocation begins with the development of capital markets forecasts across both the domestic and international equity opportunity set. These forecasts are developed using a Reverse Optimization process which requires a global reference portfolio. Wilshire’s global reference portfolio is derived using access to proprietary institutional data regarding allocation characteristics of a large sample of institutional investors. By understanding how institutions are allocated, Wilshire believes expectations for future returns can be inferred. A traditional mean-variance optimization approach will then provide a target range for the various domestic and international asset classes, as described above. Individual ETFs are then analyzed on a definitional basis (their broad characterization) as well as a qualitative basis (detailed analysis of the constituent securities within each ETF). The combination of these two analyses, along with the target ranges described above, lead to the final portfolio allocation.

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. 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.
• 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 shares of ETFs. ETFs are investment pools that hold other securities. The ETFs in the Trust are usually passively-managed index funds that seek to replicate the performance or composition of a recognized securities index. ETFs are subject to various risks, including management’s ability to meet the fund’s investment objective. You will bear not only your share of your trust’s expenses, but also the expenses of the underlying ETFs. By investing in ETFs, the Trust incurs greater expenses than you would incur if you invested directly in the ETFs.
• The Trust invests in ETFs that are affiliated with Guggenheim Funds, the Sponsor of the Trust. In selecting among these ETFs, the Sponsor is subject to potential conflicts of interest because the Sponsor’s affiliates will receive management fees for the ETFs held by the Trust. However, the Sponsor seeks to meet the Trust’s investment objective by selecting ETFs that best satisfy the requirements of the security selection process.
• The Trust is subject to index correlation risk. Index correlation risk is the risk that the performance of an ETF will vary from the actual performance of the fund’s target index, known as “tracking error.” This can happen due to transaction costs, market impact, corporate actions (such as mergers and spin-offs) and timing variances.
• An ETF or an issuer of securities held by an ETF may be unwilling or unable to declare dividends in the future or may reduce the level of dividends declared. This may result in a reduction in the value of your units.
• The financial condition of an ETF or an issuer of securities held by an ETF may worsen, resulting in a reduction in the value of your units. This may occur at any point in time, including during the primary offering period.
• The Trust invests in ETFs that hold securities issued by micro-capitalization, small-capitalization and mid-capitalization companies. These securities customarily involve more investment risk than securities of larger capitalization companies. Micro-capitalization, 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 ETFs that hold 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.
• Certain ETFs held by the Trust invest in foreign securities. Investment in foreign securities presents additional risk. 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.
• Certain ETFs held by the Trust invest in securities issued by companies headquartered or incorporated in countries considered to be emerging markets. 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.
• 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.
• Inflation may lead to a decrease in the value of assets or income from investments.