Diversified Income - A Class
Price $27.13
Change $0.02 / 0.07%
As Of 10/21/16

Investment Strategy

Seeks to achieve high current income with consideration for capital appreciation.

Fees and Expenses

Gross Expense Ratio
Net Expense Ratio

Fund Highlights & Applications

  • Income and Growth Opportunity - Diversified global portfolio with exposure across multiple asset classes that seeks to provide attractive and consistent income and an opportunity for growth.
  • Utilizes a Diverse Set of Alternative Income Sources - Broad investment universe that expands the traditional income landscape to access a diverse set of alternative income sources, such as bank loans, equity REITs, infrastructure-related equities, and closed-end funds.
  • Employs Dynamic Risk and Volatility Management - Dynamic portfolio management that seeks to adapt to changing market conditions in order to produce attractive current income, while managing unintended risks and equity volatility.

Distributions as of 9/30/16

Most Recent Income
Most Recent Capital Gain

Symbols & CUSIPS


Investment Team

Farhan Sharaff
Jayson Flowers
Patrick L. Mitchell


Fund Type
Distribution Frequency
Primary: Barclays U.S. Aggregate Bond Index, Secondary: 70% Barclays U.S. Aggregate Bond Index/30% MSCI World Index
Trading Hours
Phone 09:30 AM - 4:00 PM ET
Web 09:30 AM - 4:00 PM ET
Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut-off times for processing your transaction.
Investment Adviser
Guggenheim Partners Investment Management, LLC
Guggenheim Funds Distributors, LLC


Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. With Load performance shown reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.00%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends. The securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.

This Fund may not be suitable for all investors. • The Fund’s market value and yield will change in response to interest rate changes and market conditions among other factors. In general, bond prices rise when interest rates fall and vice versa. • High yield securities can be more volatile than investment grade securities and have a greater risk of default • Derivatives may pose risks in addition to and greater than those associated with investing directly in securities or other investments, including risks relating to leverage, imperfect correlations with underlying investments or the Fund’s other portfolio holdings, high price volatility, lack of availability, counterparty credit, liquidity, valuation and legal restrictions. • Stock prices, especially stock prices of smaller companies, can be volatile as they reflect changes in the issuing company’s financial conditions and changes in the overall market  •  Some asset-backed securities, including mortgage-backed securities, may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices very volatile and they are subject to liquidity risk.• The Fund’s investments in other investment vehicles subject the Fund to those risks and expenses affecting the investment vehicle. • The Fund’s investments in foreign securities carry additional risks when compared to U.S. securities, due to the impact of diplomatic, political or economic developments in the country in question (investments in emerging markets securities are generally subject to an even greater level of risks). • Investments in syndicated bank loans generally offer a floating interest rate and involve special types of risks. • Master limited partnerships ("MLPs") are subject to certain risks inherent in the structure of MLPs, including tax risks, limited control and voting rights and potential conflicts of interest. • The Fund’s investments in real estate securities subject the Fund to the same risks as direct investments in real estate, which is particularly sensitive to economic downturns. • Please read the prospectus for more detailed information regarding these and other risks.

Leveraging will exaggerate the effect on NAV of any increase or decrease in the market value of the Fund’s portfolio.

The Advisor has contractually agreed to waive fees and expenses through February 1, 2017 to limit the ordinary operating expenses of the Fund to the above referenced amounts. The Fund may have net expenses greater than the expense cap as a result of any acquired fund fees and expenses or other expenses that are excluded from the calculation. Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.


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• Not FDIC Insured • No Bank Guarantee • May Lose Value