¹ As reported in the most recent prospectus (Dated: 1/28/2013). Guggenheim Partners Investment Management, LLC (“Guggenheim” or the “Adviser”) has contractually agreed to reduce fees and reimburse expenses to the extent necessary to keep Net Expenses (excluding interest, taxes, acquired fund fees and expenses, brokerage commissions and extraordinary expenses (“Excluded Expenses”) from exceeding of the Fund’s average daily net assets of the Shares, until January 31, 2014 (the "Agreement"). To the extent Excluded Expenses, are incurred (e.g., the estimated interest expense of 0.01%), Net Annual Fund Operating Expenses may be higher than the contractual caps. This Agreement may be terminated by the Board, for any reason at any time. If, at any point, Total Annual Fund Operating Expenses (not including Excluded Expenses) are below the contractual caps, the Adviser is entitled to be reimbursed by the Fund in an amount equal to the difference between the Fund’s Total Annual Fund Operating Expenses (not including Excluded Expenses) and the contractual caps to recapture all or a portion of its prior fee reductions or expense reimbursements made during the preceding three-year period during which this Agreement was in place. No reimbursement shall be paid to the Adviser until reported to the Board.

² Maximum Deferred Sales Charge (Load) of (as a percentage of net asset value) 1.00% will be imposed if Fund shares are redeemed within 12 months of purchase. This sales charge applies only to Class C Shares. See "Sales Charges" of the Prospectus.