Guggenheim Macro Opportunities Fund (GIOAX) N-CEN Annual report (registered investment company)

Form N-CEN Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CEN ANNUAL REPORT FOR REGISTERED INVESTMENT COMPANIES	OMB APPROVAL
Form N-CEN		OMB Number:  3235-0729 Estimated average burden hours per response: 19.04

X0404

N-CEN: Filer Information

Filer CIK	0000088525
Filer CCC	********
Filer Investment Company Type	Form N-1A Filer (Mutual Fund)
Is this a LIVE or TEST Filing?	LIVE TEST
Is this an electronic copy of an official filing submitted in paper format?
Would you like a Return Copy?

Submission Contact Information

Name

Phone

E-Mail Address

Notification Information

Notify via Filing Website only?

N-CEN:Series/Class (Contract) Information

Series ID Record:1

Series ID S000043991 

Class ID Record:1

Class ID C000136529 

Class ID Record:2

Class ID C000136528 

Class ID Record:3

Class ID C000136527 

Class ID Record:4

Class ID C000155971 

Class ID Record:5

Class ID C000152106 

Series ID Record:2

Series ID S000022641 

Class ID Record:1

Class ID C000155963 

Class ID Record:2

Class ID C000065508 

Class ID Record:3

Class ID C000065509 

Class ID Record:4

Class ID C000065507 

Series ID Record:3

Series ID S000063493 

Class ID Record:1

Class ID C000205704 

Class ID Record:2

Class ID C000205703 

Series ID Record:4

Series ID S000052809 

Class ID Record:1

Class ID C000165921 

Class ID Record:2

Class ID C000165920 

Class ID Record:3

Class ID C000165923 

Class ID Record:4

Class ID C000165922 

Series ID Record:5

Series ID S000051594 

Class ID Record:1

Class ID C000162310 

Class ID Record:2

Class ID C000162308 

Class ID Record:3

Class ID C000162309 

Class ID Record:4

Class ID C000162312 

Series ID Record:6

Series ID S000043987 

Class ID Record:1

Class ID C000136514 

Class ID Record:2

Class ID C000136516 

Class ID Record:3

Class ID C000155967 

Class ID Record:4

Class ID C000136513 

Class ID Record:5

Class ID C000152102 

Series ID Record:7

Series ID S000043990 

Class ID Record:1

Class ID C000155970 

Class ID Record:2

Class ID C000136524 

Class ID Record:3

Class ID C000136525 

Class ID Record:4

Class ID C000136526 

Series ID Record:8

Series ID S000008807 

Class ID Record:1

Class ID C000023966 

Class ID Record:2

Class ID C000155961 

Class ID Record:3

Class ID C000023964 

Class ID Record:4

Class ID C000100456 

Series ID Record:9

Series ID S000008809 

Class ID Record:1

Class ID C000023972 

Class ID Record:2

Class ID C000215565 

Class ID Record:3

Class ID C000023970 

Class ID Record:4

Class ID C000155962 

Series ID Record:10

Series ID S000043985 

Class ID Record:1

Class ID C000136509 

Class ID Record:2

Class ID C000136508 

Class ID Record:3

Class ID C000155965 

Class ID Record:4

Class ID C000152100 

Class ID Record:5

Class ID C000136507 

Series ID Record:11

Series ID S000043988 

Class ID Record:1

Class ID C000155968 

Class ID Record:2

Class ID C000136520 

Class ID Record:3

Class ID C000136517 

Class ID Record:4

Class ID C000136519 

Series ID Record:12

Series ID S000008806 

Class ID Record:1

Class ID C000023961 

Class ID Record:2

Class ID C000071557 

Class ID Record:3

Class ID C000023963 

Class ID Record:4

Class ID C000155960 

Series ID Record:13

Series ID S000043992 

Class ID Record:1

Class ID C000136532 

Class ID Record:2

Class ID C000136530 

Class ID Record:3

Class ID C000155972 

Class ID Record:4

Class ID C000136533 

Series ID Record:14

Series ID S000043993 

Class ID Record:1

Class ID C000136534 

Class ID Record:2

Class ID C000155973 

Class ID Record:3

Class ID C000136537 

Class ID Record:4

Class ID C000136536 

Series ID Record:15

Series ID S000043986 

Class ID Record:1

Class ID C000136511 

Class ID Record:2

Class ID C000136512 

Class ID Record:3

Class ID C000136510 

Class ID Record:4

Class ID C000152101 

Class ID Record:5

Class ID C000155966 

Series ID Record:16

Series ID S000008805 

Class ID Record:1

Class ID C000155959 

Class ID Record:2

Class ID C000023958 

Class ID Record:3

Class ID C000110205 

Class ID Record:4

Class ID C000023960 

Series ID Record:17

Series ID S000044539 

Class ID Record:1

Class ID C000155974 

Class ID Record:2

Class ID C000138556 

Class ID Record:3

Class ID C000138554 

Class ID Record:4

Class ID C000138555 

Series ID Record:18

Series ID S000047517 

Class ID Record:1

Class ID C000149218 

Series ID Record:19

Series ID S000043989 

Class ID Record:1

Class ID C000155969 

Class ID Record:2

Class ID C000136523 

Class ID Record:3

Class ID C000136522 

Class ID Record:4

Class ID C000136521 

Class ID Record:5

Class ID C000152104 

N-CEN:Part A: General Information

Item A.1. Reporting period covered.

a. Report for period ending:	2023-09-30
b. Does this report cover a period of less than 12 months?	Yes No

N-CEN:Part B: Information About the Registrant

Item B.1. Background information.

a. Full name of Registrant	Guggenheim Funds Trust
b. Investment Company Act file number ( e.g., 811-)	811-01136
c. CIK	0000088525
d. LEI	54930033G24U3UGWK691

Item B.2. Address and telephone number of Registrant.

a. Street 1	702 King Farm Blvd., Suite 200
Street 2
b. City	Rockville
c. State, if applicable	MARYLAND
d. Foreign country, if applicable	UNITED STATES OF AMERICA
e. Zip code and zip code extension, or foreign postal code	20850
f. Telephone number (including country code if foreign)	301-296-5100
g. Public Website, if any	https://www.guggenheiminvestments.com/mf/products

Item B.3. Location of books and records.

Instruction. Provide the requested information for each person maintaining physical possession of each account, book, or other document required to be maintained by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section.

Location books Record: 1
a. Name of person (e.g., a custodian of records)	MUFG Investor Services (US), LLC
b. Street 1	805 King Farm Blvd
Street 2
c. City	Rockville
d. State, if applicable	MARYLAND
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	20850
g. Telephone number (including country code if foreign)	240-614-4800
h. Briefly describe the books and records kept at this location:	Records of the Trust's securities and cash

Item B.4. Initial of final filings.

Instruction. Respond "yes" to Item B.4.b only if the Registrant has filed an application to deregister or will file an application to deregister before its next required filing on this form.

a. Is this the first filing on this form by the Registrant?	Yes No
b. Is this the last filing on this form by the Registrant?	Yes No

Item B.5. Family of investment companies.

Instruction. "Family of investment companies" means, except for insurance company separate accounts, any two or more registered investment companies that (i) share the same investment adviser or principal underwriter; and (ii) hold themselves out to investors as related companies for purposes of investment and investor services.In responding to this item, all Registrants in the family of investment companies should report the name of the family of investment companies identically.

Insurance company separate accounts that may not hold themselves out to investors as related companies (products) for purposes of investment and investor services should consider themselves part of the same family if the operational or accounting or control systems under which these entities function are substantially similar.

a. Is the Registrant part of a family of investment companies? Yes No

i. Full name of family of investment companies Guggenheim 

Item B.6. Organization.

Instruction. For Item B.6.a.i., the Registrant should include all Series that have been established by the Registrant and have shares outstanding (other than shares issued in connection with an initial investment to satisfy section 14(a) of the Act).

Indicate the classification of the Registrant by checking the applicable item below.

 a. Open-end management investment company registered under the Act on Form N-1A 
 b. Closed-end management investment company registered under the Act on Form N-2  
 c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3 
 d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4 
 e. Small business investment company registered under the Act on Form N-5 
 f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6 
 g. Unit investment trust registered under the Act on Form N-8B-2 

i. Total number of Series of the Registrant 19 

Item B.7. Securities Act registration.

Is the Registrant the issuer of a class of securities registered under the Securities Act of 1933 ("Securities Act")? Yes No

Item B.8. Directors.

Provide the information requested below about each person serving as director of the Registrant (management investment companies only):

Director Record: 1
a. Full Name	Randall C. Barnes
b. CRD number, if any	004411270
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-21982
File Number Record: 2
File Number Record:	811-23702
File Number Record: 3
File Number Record:	811-09525
File Number Record: 4
File Number Record:	811-08821
File Number Record: 5
File Number Record:	811-22437
File Number Record: 6
File Number Record:	811-02753
File Number Record: 7
File Number Record:	811-07584
File Number Record: 8
File Number Record:	811-22946
File Number Record: 9
File Number Record:	811-22309
File Number Record: 10
File Number Record:	811-21309
Director Record: 2
a. Full Name	Sandra G. Sponem
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-21982
File Number Record: 2
File Number Record:	811-21145
File Number Record: 3
File Number Record:	811-22946
File Number Record: 4
File Number Record:	811-02753
File Number Record: 5
File Number Record:	811-08821
File Number Record: 6
File Number Record:	811-07584
File Number Record: 7
File Number Record:	811-22309
File Number Record: 8
File Number Record:	811-22437
File Number Record: 9
File Number Record:	811-22542
File Number Record: 10
File Number Record:	811-09525
File Number Record: 11
File Number Record:	811-23702
File Number Record: 12
File Number Record:	811-08839
Director Record: 3
a. Full Name	Ronald E. Toupin, Jr.
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-21982
File Number Record: 2
File Number Record:	811-22946
File Number Record: 3
File Number Record:	811-09525
File Number Record: 4
File Number Record:	811-02753
File Number Record: 5
File Number Record:	811-23702
File Number Record: 6
File Number Record:	811-08821
File Number Record: 7
File Number Record:	811-07584
File Number Record: 8
File Number Record:	811-22309
File Number Record: 9
File Number Record:	811-22437
Director Record: 4
a. Full Name	Angela Brock-Kyle
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-09525
File Number Record: 2
File Number Record:	811-22946
File Number Record: 3
File Number Record:	811-07584
File Number Record: 4
File Number Record:	811-21982
File Number Record: 5
File Number Record:	811-22309
File Number Record: 6
File Number Record:	811-22437
File Number Record: 7
File Number Record:	811-23702
File Number Record: 8
File Number Record:	811-08821
File Number Record: 9
File Number Record:	811-02753
Director Record: 5
a. Full Name	Thomas F. Lydon Jr.
b. CRD number, if any	001099080
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-07584
File Number Record: 2
File Number Record:	811-09525
File Number Record: 3
File Number Record:	811-21982
File Number Record: 4
File Number Record:	811-02753
File Number Record: 5
File Number Record:	811-23702
File Number Record: 6
File Number Record:	811-08821
File Number Record: 7
File Number Record:	811-22309
File Number Record: 8
File Number Record:	811-22946
File Number Record: 9
File Number Record:	811-22437
Director Record: 6
a. Full Name	Amy J. Lee
b. CRD number, if any	001161869
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-22309
File Number Record: 2
File Number Record:	811-22946
File Number Record: 3
File Number Record:	811-02753
File Number Record: 4
File Number Record:	811-07584
File Number Record: 5
File Number Record:	811-23702
File Number Record: 6
File Number Record:	811-08821
File Number Record: 7
File Number Record:	811-21982
File Number Record: 8
File Number Record:	811-22437
File Number Record: 9
File Number Record:	811-09525
Director Record: 7
a. Full Name	Ronald A. Nyberg
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-21982
File Number Record: 2
File Number Record:	811-08821
File Number Record: 3
File Number Record:	811-07584
File Number Record: 4
File Number Record:	811-22437
File Number Record: 5
File Number Record:	811-09525
File Number Record: 6
File Number Record:	811-21309
File Number Record: 7
File Number Record:	811-22309
File Number Record: 8
File Number Record:	811-23308
File Number Record: 9
File Number Record:	811-22946
File Number Record: 10
File Number Record:	811-23702
File Number Record: 11
File Number Record:	811-02753

Item B.9. Chief compliance officer.

Provide the information requested below about each person serving as chief compliance officer of the Registrant for purposes of rule 38a-1 (17 CFR 270.38a- 1):

Chief compliance officer Record: 1
a. Full Name	Elisabeth Miller
b. CRD Number, if any	004381813
c. Street Address 1	702 King Farm Blvd., Suite 200
Street Address 2
d. City	Rockville
e. State, if applicable	MARYLAND
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Zip code and zip code extension, or foreign postal code	20850
h. Telephone number (including country code if foreign)	XXXXXX
i. Has the chief compliance officer changed since the last filing?	Yes No

If the chief compliance officer is compensated or employed by any person other than the Registrant, or an affiliated person of the Registrant, for providing chief compliance officer services, provide:

CCO employer Record: 1
i. Name of the person	N/A
ii. Person's IRS Employer Identification Number	N/A

Item B.10. Matters for security holder vote.

Instruction. Registrants registered on Forms N-3, N-4 or N-6, should respond "yes" to this Item only if security holder votes were solicited on contract-level matters.

Were any matters submitted by the Registrant for its security holders' vote during the reporting period? Yes No

Item B.11. Legal proceeding.

Instruction. For purposes of this Item, the following proceedings should be described: (1) any bankruptcy, receivership or similar proceeding with respect to the Registrant or any of its significant subsidiaries; (2) any proceeding to which any director, officer or other affiliated person of the Registrant is a party adverse to the Registrant or any of its subsidiaries; and (3) any proceeding involving the revocation or suspension of the right of the Registrant to sell securities.

a. Have there been any material legal proceedings, other than routine litigation incidental to the business, to which the Registrant or any of its subsidiaries was a party or of which any of their property was the subject during the reporting period? Yes No

b. Has any proceeding previously reported been terminated? Yes No

Item B.12. Fidelity bond and insurance (management investment companies only).

a. Were any claims with respect to the Registrant filed under a fidelity bond (including, but not limited to, the fidelity insuring agreement of the bond) during the reporting period? Yes No

Item B.13. Directors and officers/errors and omissions insurance (management investment companies only).

a. Are the Registrant's officers or directors covered in their capacities as officers or directors under any directors and officers/errors and omissions insurance policy owned by the Registrant or anyone else?	Yes No
i. If yes, were any claims filed under the policy during the reporting period with respect to the Registrant?	Yes No

Item B.14. Provision of financial support.

Instruction. For purposes of this Item, a provision of financial support includes any (1) capital contribution, (2) purchase of a security from a Money Market Fund in reliance on rule 17a-9 under the Act (17 CFR 270.17a-9), (3) purchase of any defaulted or devalued security at fair value reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio, (4) execution of letter of credit or letter of indemnity, (5) capital support agreement (whether or not the Registrant ultimately received support), (6) performance guarantee, or (7) other similar action reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio. Provision of financial support does not include any (1) routine waiver of fees or reimbursement of Registrant's expenses, (2) routine inter-fund lending, (3) routine inter-fund purchases of Registrant's shares, or (4) action that would qualify as financial support as defined above, that the board of directors has otherwise determined not to be reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio.

Did an affiliated person, promoter, or principal underwriter of the Registrant, or an affiliated person of such a person, provide any form of financial support to the Registrant during the reporting period? Yes No

Item B.15. Exemptive orders.

a. During the reporting period, did the Registrant rely on any orders from the Commission granting an exemption from one or more provisions of the Act, Securities Act or Exchange Act? Yes No

Item B.16. Principal underwriters.

a. Provide the information requested below about each principal underwriter:

Principal underwriter Record: 1
i. Full name	Guggenheim Funds Distributors, LLC
ii. SEC file number (e.g., 8-)	008-48842
iii. CRD number	000039805
iv. LEI, if any	549300YLHACOJHH3DN20
v. State, if applicable	MARYLAND
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Is the principal underwriter an affiliated person of the Registrant, or its investment adviser(s) or depositor?	Yes No
b. Have any principal underwriters been hired or terminated during the reporting period?	Yes No

Item B.17. Independent public accountant.

Provide the following information about eachthe independent public accountant:

Public accountant Record: 1
a. Full Name	Ernst & Young LLP
b. PCAOB Number	42
c. LEI, if any	N/A
d. State, if applicable	VIRGINIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA

f. Has the independent public accountant changed since the last filing? Yes No

Item B.18. Report on internal control (management investment companies only).

Instruction. Small business investment companies are not required to respond to this item.

For the reporting period, did an independent public accountant's report on internal control note any material weaknesses? Yes No

Item B.19. Audit opinion.

For the reporting period, did an independent public accountant issue an opinion other than an unqualified opinion with respect to its audit of the Registrant's financial statements? Yes No

Item B.20. Change in valuation methods.

Instruction. Responses to this item need not include changes to valuation techniques used for individual securities (e.g., changing from market approach to income approach for a private equity security). In responding to Item B.20.c., provide the applicable "asset type" category specified in Item C.4.a. of Form N-PORT. In responding to Item B.20.d., provide a brief description of the type of investments involved. If the change in valuation methods applies only to certain sub-asset types included in the response to Item B.20.c., please provide the sub-asset types in the response to Item B.20.d. The responses to Item B.20.c. and Item B.20.d. should be identical only if the change in valuation methods applies to all assets within that category.

Have there been material changes in the method of valuation (e.g., change from use of bid price to mid price for fixed income securities or change in trigger threshold for use of fair value factors on international equity securities) of the Registrant's assets during the reporting period? Yes No

Item B.21. Change in accounting principles and practices.

Have there been any changes in accounting principles or practices, or any change in the method of applying any such accounting principles or practices, which will materially affect the financial statements filed or to be filed for the current year with the Commission and which has not been previously reported? Yes No

Item B.22. Net asset value error corrections (open-end management investment companies only).

a. During the reporting period, were any payments made to shareholders or shareholder accounts reprocessed as a result of an error in calculating the Registrant's net asset value (or net asset value per share)? Yes No

Item B.23. Rule 19a-1 notice (management investment companies only).

During the reporting period, did the Registrant pay any dividend or make any distribution in the nature of a dividend payment, required to be accompanied by a written statement pursuant to section 19(a) of the Act (15 U.S.C. 80a-19(a)) and rule 19a-1 thereunder (17 CFR 270.19a-1)? Yes No

Payment dividend series info Record: 1
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Small Cap Value Fund
ii. Series identification number	S000022641

Payment dividend series info Record: 2
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Diversified Income Fund
ii. Series identification number	S000051594

Payment dividend series info Record: 3
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Municipal Income Fund
ii. Series identification number	S000043990

Payment dividend series info Record: 4
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim World Equity Income Fund
ii. Series identification number	S000008807

Payment dividend series info Record: 5
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim SMid Cap Value Fund
ii. Series identification number	S000008809

Payment dividend series info Record: 6
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Large Cap Value Fund
ii. Series identification number	S000043992

Payment dividend series info Record: 7
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim StylePlus-Mid Growth Fund
ii. Series identification number	S000043993

Payment dividend series info Record: 8
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim StylePlus-Large Core Fund
ii. Series identification number	S000008805

Payment dividend series info Record: 9
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Risk Managed Real Estate Fund
ii. Series identification number	S000044539

Payment dividend series info Record: 10
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	Guggenheim Macro Opportunities Fund
ii. Series identification number	S000043989

N-CEN:Part C: Additional Questions for Management Investment Companies

General Instruction.

Management investment companies that offer multiple series must complete Part C as to each series separately, even if some information is the same for two or more series. To begin this section or add an additional series(s), click on the bar labeled "Add a New Series" below.

Management Investment Record: 1

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Total Return Bond Fund
b. Series identication number, if any	S000043991
c. LEI	549300FZ18ZR1YQ4EB78
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136529
iii. Ticker symbol, if any	GIBIX
Shares Outstanding Record: 2
i. Full name of Class	Class C
ii. Class identification number, if any	C000136528
iii. Ticker symbol, if any	GIBCX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000136527
iii. Ticker symbol, if any	GIBAX
Shares Outstanding Record: 4
i. Full name of Class	Class P
ii. Class identification number, if any	C000155971
iii. Ticker symbol, if any	GIBLX
Shares Outstanding Record: 5
i. Full name of Class	Class R6
ii. Class identification number, if any	C000152106
iii. Ticker symbol, if any	GIBRX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Refinitiv US LLC
ii. LEI, if any, or provide and describe other identifying number	213800HQORQAP68CJJ04
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 3
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 4
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	17144.85000000
Brokers Record: 2
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	133.02000000
Brokers Record: 3
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3120.54000000
Brokers Record: 4
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1113.37000000
Brokers Record: 5
i. Full name of broker	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	16597.36000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	38109.14000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4933113623.33000000
Principal Transactions Record: 2
i. Full name of dealer	UBS SECURITIES LLC
ii. SEC file number	8-22651
iii. CRD number	000007654
iv. LEI, if any	T6FIZBDPKLYJKFCRVK44
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	6710894068.75000000
Principal Transactions Record: 3
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3204314766.62000000
Principal Transactions Record: 4
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	10822830051.22000000
Principal Transactions Record: 5
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2805909342.24000000
Principal Transactions Record: 6
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	15139490805.71000000
Principal Transactions Record: 7
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4882237772.08000000
Principal Transactions Record: 8
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	20299584721.51000000
Principal Transactions Record: 9
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	10484970145.74
Principal Transactions Record: 10
i. Full name of dealer	MUFG Securities Americas Inc.
ii. SEC file number	8-43026
iii. CRD number	000019685
iv. LEI, if any	K5HU16E3LMSVCCJJJ255
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1475785661.95000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 89914001845.37 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	19746408399.34920000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 3

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 5

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 6

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 10

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 14

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 15

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 16

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 17

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 18

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 19

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 25

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 27

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 30

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 31

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 35

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 2

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Small Cap Value Fund
b. Series identication number, if any	S000022641
c. LEI	5493005PERLBH1K5ZP96
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155963
iii. Ticker symbol, if any	SSUPX
Shares Outstanding Record: 2
i. Full name of Class	Class C
ii. Class identification number, if any	C000065508
iii. Ticker symbol, if any	SSVCX
Shares Outstanding Record: 3
i. Full name of Class	Institutional
ii. Class identification number, if any	C000065509
iii. Ticker symbol, if any	SSUIX
Shares Outstanding Record: 4
i. Full name of Class	Class A
ii. Class identification number, if any	C000065507
iii. Ticker symbol, if any	SSUAX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1372.79000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	490.23000000
Brokers Record: 3
i. Full name of broker	STEPHENS
ii. SEC file number	8-1927
iii. CRD number	000003496
iv. LEI, if any	213800LH6T9XDYZCA534
v. State, if applicable	ARKANSAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	340.22000000
Brokers Record: 4
i. Full name of broker	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	663.56000000
Brokers Record: 5
i. Full name of broker	Stifel Nicolaus & Company, Incorporated
ii. SEC file number	8-1447
iii. CRD number	000000793
iv. LEI, if any	5WUVMA08EYG4KEUPW589
v. State, if applicable	MISSOURI
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	232.36000000
Brokers Record: 6
i. Full name of broker	Piper Sandler & Co
ii. SEC file number	8-15204
iii. CRD number	000000665
iv. LEI, if any	549300GRQCWQ3XGH0H10
v. State, if applicable	MINNESOTA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	308.44000000
Brokers Record: 7
i. Full name of broker	JEFFERIES LLC
ii. SEC file number	8-15074
iii. CRD number	000002347
iv. LEI, if any	58PU97L1C0WSRCWADL48
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	503.54000000
Brokers Record: 8
i. Full name of broker	TRUST SECURITIES, INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	CSVTK36R0PNGXEM7NS14
v. State, if applicable	TENNESSEE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	626.42000000
Brokers Record: 9
i. Full name of broker	COWEN AND COMPANY
ii. SEC file number	8-22522
iii. CRD number	000007616
iv. LEI, if any	549300WR155U7DVMIW58
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	714.42000000
Brokers Record: 10
i. Full name of broker	NEEDHAM & COMPANY, LLC
ii. SEC file number	8-33772
iii. CRD number	000016360
iv. LEI, if any	254900J2GFQ4J4NK1J89
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	231.04000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	6157.66000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	TENDER OFFER
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	MASSACHUSETTS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	173400.02000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 173400.02000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	6893720.89166600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 4

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 7

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 9

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 16

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 25

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 26

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 27

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 36

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 38

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 3

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Ultra Short Duration Fund
b. Series identication number, if any	S000063493
c. LEI	549300CH4K7JJYWG0618
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Institutional
ii. Class identification number, if any	C000205704
iii. Ticker symbol, if any	GIYIX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000205703
iii. Ticker symbol, if any	GIYAX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

i. Full name of broker

ii. SEC file number

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Gross commissions paid by the Fund for the reporting period

b. Aggregate brokerage commissions paid by Fund during the reporting period: 0.00000000 

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	334767561.62000000
Principal Transactions Record: 2
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	499834385.85000000
Principal Transactions Record: 3
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1338354317.36000000
Principal Transactions Record: 4
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	599869004.06000000
Principal Transactions Record: 5
i. Full name of dealer	Siebert Williams Shank & Co LLC
ii. SEC file number	8-49877
iii. CRD number	000042568
iv. LEI, if any	254900VTARX8RAY9QK77
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	149378713.02000000
Principal Transactions Record: 6
i. Full name of dealer	UBS SECURITIES LLC
ii. SEC file number	8-22651
iii. CRD number	000007654
iv. LEI, if any	T6FIZBDPKLYJKFCRVK44
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	992427620.51000000
Principal Transactions Record: 7
i. Full name of dealer	TD SECURITIES (USA) LLC
ii. SEC file number	8-36747
iii. CRD number	000018476
iv. LEI, if any	SUVUFHICNZMP2WKHG940
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	141326127.08000000
Principal Transactions Record: 8
i. Full name of dealer	MUFG Securities Americas Inc.
ii. SEC file number	8-43026
iii. CRD number	000019685
iv. LEI, if any	K5HU16E3LMSVCCJJJ255
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	184833576.80000000
Principal Transactions Record: 9
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	224005248.00000000
Principal Transactions Record: 10
i. Full name of dealer	MIZUHO SECURITIES USA LLC
ii. SEC file number	8-37710
iii. CRD number	000019647
iv. LEI, if any	7TK5RJIZDFROZCA6XF66
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	227758367.97000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 5349911331.76000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	555402552.36750000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 2

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 5

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 8

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 10

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 16

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 24

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 27

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 28

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 30

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 32

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 4

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Market Neutral Real Estate Fund
b. Series identication number, if any	S000052809
c. LEI	549300BNYR63OJ467X98
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000165921
iii. Ticker symbol, if any	GUMCX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000165920
iii. Ticker symbol, if any	GUMAX
Shares Outstanding Record: 3
i. Full name of Class	Class P
ii. Class identification number, if any	C000165923
iii. Ticker symbol, if any	GUMPX
Shares Outstanding Record: 4
i. Full name of Class	Institutional
ii. Class identification number, if any	C000165922
iii. Ticker symbol, if any	GUMNX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	TRUIST SECURITIES, INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	CSVTK36R0PNGXEM7NS14
v. State, if applicable	TENNESSEE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2855.66000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6460.36000000
Brokers Record: 3
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3079.80000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	12395.82000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	14136303.00000000
Principal Transactions Record: 2
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	6710000.00000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 20846303.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	47994781.55416600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 3

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 6

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 15

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 16

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 17

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 18

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 21

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 25

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 28

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 31

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 36

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 5

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Diversified Income Fund
b. Series identication number, if any	S000051594
c. LEI	549300D473EG8X1W4190
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Institutional
ii. Class identification number, if any	C000162310
iii. Ticker symbol, if any	GUDIX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000162308
iii. Ticker symbol, if any	GUDAX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000162309
iii. Ticker symbol, if any	GUDCX
Shares Outstanding Record: 4
i. Full name of Class	Class P
ii. Class identification number, if any	C000162312
iii. Ticker symbol, if any	GUDPX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	35.50000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6.75000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	42.25000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	93.13000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 93.13000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	7676755.24166600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 5

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 6

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 8

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 10

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 16

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 17

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 18

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 23

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 31

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 34

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 6

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim High Yield Fund
b. Series identication number, if any	S000043987
c. LEI	549300PQ24RSQJMT2215
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class A
ii. Class identification number, if any	C000136514
iii. Ticker symbol, if any	SIHAX
Shares Outstanding Record: 2
i. Full name of Class	Class C
ii. Class identification number, if any	C000136516
iii. Ticker symbol, if any	SIHSX
Shares Outstanding Record: 3
i. Full name of Class	Class P
ii. Class identification number, if any	C000155967
iii. Ticker symbol, if any	SIHPX
Shares Outstanding Record: 4
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136513
iii. Ticker symbol, if any	SHYIX
Shares Outstanding Record: 5
i. Full name of Class	Class R6
ii. Class identification number, if any	C000152102
iii. Ticker symbol, if any	SHYSX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1174.51000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	1174.51000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2780233.67000000
Principal Transactions Record: 2
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3792336.53000000
Principal Transactions Record: 3
i. Full name of dealer	BNP PARIBAS SECURITIES CORP.
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	2J5703FH5U5M97R1I237
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2500727.50000000
Principal Transactions Record: 4
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	10419536.95000000
Principal Transactions Record: 5
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3023149.22000000
Principal Transactions Record: 6
i. Full name of dealer	JEFFERIES LLC
ii. SEC file number	8-15074
iii. CRD number	000002347
iv. LEI, if any	58PU97L1C0WSRCWADL48
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	10666708.87000000
Principal Transactions Record: 7
i. Full name of dealer	MARKETAXESS CORPORATION
ii. SEC file number	8-50727
iii. CRD number	000044542
iv. LEI, if any	GPSMMRI21JE7ZCVYF972
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	13043602.28000000
Principal Transactions Record: 8
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	13315214.04000000
Principal Transactions Record: 9
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	14231763.42000000
Principal Transactions Record: 10
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	7530232.87000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 99044171.85000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	184660744.28000000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 4

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 5

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 6

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 7

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 9

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 17

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 19

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 27

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 29

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 33

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 36

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 7

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Municipal Income Fund
b. Series identication number, if any	S000043990
c. LEI	549300J288O7F2LCM316
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155970
iii. Ticker symbol, if any	GIJPX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000136524
iii. Ticker symbol, if any	GIJAX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000136525
iii. Ticker symbol, if any	GIJCX
Shares Outstanding Record: 4
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136526
iii. Ticker symbol, if any	GIJIX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	990.96000000
Brokers Record: 2
i. Full name of broker	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3531.21000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	4522.17000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3086385.3300
Principal Transactions Record: 2
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2000000.00000000
Principal Transactions Record: 3
i. Full name of dealer	TD SECURITIES (USA) LLC
ii. SEC file number	8-36747
iii. CRD number	000018476
iv. LEI, if any	SUVUFHICNZMP2WKHG940
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4521420.00000000
Principal Transactions Record: 4
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3980000.00000000
Principal Transactions Record: 5
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3430081.57000000
Principal Transactions Record: 6
i. Full name of dealer	Piper Sandler & Co
ii. SEC file number	8-15204
iii. CRD number	000000665
iv. LEI, if any	549300GRQCWQ3XGH0H10
v. State, if applicable	MINNESOTA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1116502.20000000
Principal Transactions Record: 7
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1868069.50000000
Principal Transactions Record: 8
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1778604.04000000
Principal Transactions Record: 9
i. Full name of dealer	SIEBERT BRANDFORD, SHANK & CO., L.L.C.
ii. SEC file number	8-49877
iii. CRD number	000042568
iv. LEI, if any	254900VTARX8RAY9QK77
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1020840.00000000
Principal Transactions Record: 10
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3412956.25000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 28373407.70000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	51074442.54916600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 5

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 9

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 11

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 14

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 17

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 23

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 26

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 30

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 31

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 39

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 8

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim World Equity Income Fund
b. Series identication number, if any	S000008807
c. LEI	549300T281WD7SLOUG81
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000023966
iii. Ticker symbol, if any	SFGCX
Shares Outstanding Record: 2
i. Full name of Class	Class P
ii. Class identification number, if any	C000155961
iii. Ticker symbol, if any	SEQPX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000023964
iii. Ticker symbol, if any	SEQAX
Shares Outstanding Record: 4
i. Full name of Class	Institutional
ii. Class identification number, if any	C000100456
iii. Ticker symbol, if any	SEWIX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Instinet, LLC
ii. SEC file number	8-23669
iii. CRD number	000007897
iv. LEI, if any	549300MGMN3RKMU8FT57
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	47680.85000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	544.99000000
Brokers Record: 3
i. Full name of broker	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	670.77000000
Brokers Record: 4
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	341.87000000
Brokers Record: 5
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	25.55000000
Brokers Record: 6
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	19.50000000
Brokers Record: 7
i. Full name of broker	Bank of America, N.A.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2234.84000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	51518.37000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	548000.00000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 548000.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	45912516.22083300
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 6

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 9

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 10

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 15

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 16

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 17

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 18

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 19

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 25

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 33

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 35

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 39

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 9

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim SMid Cap Value Fund
b. Series identication number, if any	S000008809
c. LEI	549300VZ1GFHV7LWF575
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000023972
iii. Ticker symbol, if any	SEVSX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000215565
iii. Ticker symbol, if any	SVUIX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000023970
iii. Ticker symbol, if any	SEVAX
Shares Outstanding Record: 4
i. Full name of Class	Class P
ii. Class identification number, if any	C000155962
iii. Ticker symbol, if any	SEVPX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	BMO Capital Markets Corp., New York Branch
ii. SEC file number	8-34344
iii. CRD number	000016686
iv. LEI, if any	RUC0QBLBRPRCU4W1NE59
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	17071.36000000
Brokers Record: 2
i. Full name of broker	Keefe, Bruyette & Woods, Inc.
ii. SEC file number	8-10888
iii. CRD number	000000481
iv. LEI, if any	549300OM47DQV01G4854
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	15875.16000000
Brokers Record: 3
i. Full name of broker	COWEN AND COMPANY
ii. SEC file number	8-22522
iii. CRD number	000007616
iv. LEI, if any	549300WR155U7DVMIW58
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	15405.80000000
Brokers Record: 4
i. Full name of broker	JEFFERIES LLC
ii. SEC file number	8-15074
iii. CRD number	000002347
iv. LEI, if any	58PU97L1C0WSRCWADL48
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	28231.62000000
Brokers Record: 5
i. Full name of broker	ROBERT W. BAIRD & CO. INCORPORATED
ii. SEC file number	8-497
iii. CRD number	000008158
iv. LEI, if any	549300772UJAHRD6LO53
v. State, if applicable	WISCONSIN
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	16306.4400000
Brokers Record: 6
i. Full name of broker	TRUIST SECURITIES, INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	CSVTK36R0PNGXEM7NS14
v. State, if applicable	TENNESSEE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	25889.68000000
Brokers Record: 7
i. Full name of broker	STEPHENS
ii. SEC file number	8-1927
iii. CRD number	000003496
iv. LEI, if any	213800LH6T9XDYZCA534
v. State, if applicable	ARKANSAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	19633.98000000
Brokers Record: 8
i. Full name of broker	Piper Sandler & Co
ii. SEC file number	8-15204
iii. CRD number	000000665
iv. LEI, if any	549300GRQCWQ3XGH0H10
v. State, if applicable	MINNESOTA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	18420.98000000
Brokers Record: 9
i. Full name of broker	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	44118.14000000
Brokers Record: 10
i. Full name of broker	Tudor, Pickering, Holt & Co. Securities, LLC
ii. SEC file number	8-66251
iii. CRD number	000129772
iv. LEI, if any	254900QNRC4536M3YW31
v. State, if applicable	TEXAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	16381.64000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	237361.58000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	TENDER OFFER
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4123105.18000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 4123105.18000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	391880339.24166600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 3

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 8

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 9

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 10

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 14

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 20

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 27

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 28

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 32

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 37

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 39

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 10

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Limited Duration Fund
b. Series identication number, if any	S000043985
c. LEI	549300HOV4IT1OMUDR80
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136509
iii. Ticker symbol, if any	GILHX
Shares Outstanding Record: 2
i. Full name of Class	Class C
ii. Class identification number, if any	C000136508
iii. Ticker symbol, if any	GILFX
Shares Outstanding Record: 3
i. Full name of Class	Class P
ii. Class identification number, if any	C000155965
iii. Ticker symbol, if any	GILPX
Shares Outstanding Record: 4
i. Full name of Class	Class R6
ii. Class identification number, if any	C000152100
iii. Ticker symbol, if any	GIKRX
Shares Outstanding Record: 5
i. Full name of Class	Class A
ii. Class identification number, if any	C000136507
iii. Ticker symbol, if any	GILDX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 3
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	245.08000000
Brokers Record: 2
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	17.12000000
Brokers Record: 3
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	19.37000000
Brokers Record: 4
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	683.60000000
Brokers Record: 5
i. Full name of broker	Bank of America, N.A.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3223.98000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	4189.15000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	MIZUHO SECURITIES USA LLC
ii. SEC file number	8-37710
iii. CRD number	000019647
iv. LEI, if any	7TK5RJIZDFROZCA6XF66
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	738179704.72000000
Principal Transactions Record: 2
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1036547126.83000000
Principal Transactions Record: 3
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	704055309.18000000
Principal Transactions Record: 4
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1763496594.26000000
Principal Transactions Record: 5
i. Full name of dealer	UBS SECURITIES LLC
ii. SEC file number	8-22651
iii. CRD number	000007654
iv. LEI, if any	T6FIZBDPKLYJKFCRVK44
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2063447712.46000000
Principal Transactions Record: 6
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1438376689.68000000
Principal Transactions Record: 7
i. Full name of dealer	WELLS FARGO INSTITUTIONAL SECURITIES
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	341477580.95000000
Principal Transactions Record: 8
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	905173215.94000000
Principal Transactions Record: 9
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2574232631.24000000
Principal Transactions Record: 10
i. Full name of dealer	Siebert Williams Shank & Co LLC
ii. SEC file number	8-49877
iii. CRD number	000042568
iv. LEI, if any	254900VTARX8RAY9QK77
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	786795828.66000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 14223044926.49000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	4093323987.52417000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 2

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 4

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 5

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 6

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 12

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 15

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 17

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 25

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 27

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 31

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 11

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Core Bond Fund
b. Series identication number, if any	S000043988
c. LEI	549300FTUEDHPYOSV405
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155968
iii. Ticker symbol, if any	SIUPX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136520
iii. Ticker symbol, if any	GIUSX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000136517
iii. Ticker symbol, if any	SIUSX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000136519
iii. Ticker symbol, if any	SDICX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Refinitiv US LLC
ii. LEI, if any, or provide and describe other identifying number	213800HQORQAP68CJJ04
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 3
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 4
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	5.58000000
Brokers Record: 2
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2226.92000000
Brokers Record: 3
i. Full name of broker	Bank of America, N.A.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	917.49000000
Brokers Record: 4
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	183.95000000
Brokers Record: 5
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	70.53000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	3404.47000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	897464614.38000000
Principal Transactions Record: 2
i. Full name of dealer	MUFG Securities Americas Inc.
ii. SEC file number	8-43026
iii. CRD number	000019685
iv. LEI, if any	K5HU16E3LMSVCCJJJ255
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	187388892.24000000
Principal Transactions Record: 3
i. Full name of dealer	UBS SECURITIES LLC
ii. SEC file number	8-22651
iii. CRD number	000007654
iv. LEI, if any	T6FIZBDPKLYJKFCRVK44
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1190018889.87000000
Principal Transactions Record: 4
i. Full name of dealer	RBC CAPITAL MARKETS
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	137374043.38000000
Principal Transactions Record: 5
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	295217912.92000000
Principal Transactions Record: 6
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	645000489.74000000
Principal Transactions Record: 7
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2145325345.59000000
Principal Transactions Record: 8
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	628878925.80000000
Principal Transactions Record: 9
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	207439557.25000000
Principal Transactions Record: 10
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	919430759.89000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 8184727557.08000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	1333581126.09583000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 2

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 9

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 11

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 18

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 24

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 25

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 27

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 30

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 36

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 12

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Alpha Opportunity Fund
b. Series identication number, if any	S000008806
c. LEI	549300FC982FOBER3L60
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class A
ii. Class identification number, if any	C000023961
iii. Ticker symbol, if any	SAOAX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000071557
iii. Ticker symbol, if any	SAOIX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000023963
iii. Ticker symbol, if any	SAOCX
Shares Outstanding Record: 4
i. Full name of Class	Class P
ii. Class identification number, if any	C000155960
iii. Ticker symbol, if any	SAOSX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1929.85000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	327.02000000
Brokers Record: 3
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6.41000000
Brokers Record: 4
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	36.09000000
Brokers Record: 5
i. Full name of broker	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	35418.25000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	37717.62000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	854378.00000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 854378.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	33274011.88500000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 5

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 7

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 14

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 19

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 21

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 24

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 26

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 27

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 30

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 31

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 13

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Large Cap Value Fund
b. Series identication number, if any	S000043992
c. LEI	549300H10XTGBBM20408
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000136532
iii. Ticker symbol, if any	SEGIX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000136530
iii. Ticker symbol, if any	SECIX
Shares Outstanding Record: 3
i. Full name of Class	Class P
ii. Class identification number, if any	C000155972
iii. Ticker symbol, if any	SEGPX
Shares Outstanding Record: 4
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136533
iii. Ticker symbol, if any	GILCX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	ROBERT W. BAIRD & CO. INCORPORATED
ii. SEC file number	8-497
iii. CRD number	000008158
iv. LEI, if any	549300772UJAHRD6LO53
v. State, if applicable	WISCONSIN
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1292.12000000
Brokers Record: 2
i. Full name of broker	COWEN AND COMPANY
ii. SEC file number	8-22522
iii. CRD number	000007616
iv. LEI, if any	549300WR155U7DVMIW58
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2306.60000000
Brokers Record: 3
i. Full name of broker	Keefe, Bruyette & Woods, Inc.
ii. SEC file number	8-10888
iii. CRD number	000000481
iv. LEI, if any	549300OM47DQV01G4854
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	473.08000000
Brokers Record: 4
i. Full name of broker	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2444.12000000
Brokers Record: 5
i. Full name of broker	TRUIST SECURITIES, INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	CSVTK36R0PNGXEM7NS14
v. State, if applicable	TENNESSEE
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	961.08000000
Brokers Record: 6
i. Full name of broker	Tudor, Pickering, Holt & Co. Securities, LLC
ii. SEC file number	8-66251
iii. CRD number	000129772
iv. LEI, if any	254900QNRC4536M3YW31
v. State, if applicable	TEXAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	696.00000000
Brokers Record: 7
i. Full name of broker	STEPHENS
ii. SEC file number	8-1927
iii. CRD number	000003496
iv. LEI, if any	213800LH6T9XDYZCA534
v. State, if applicable	ARKANSAS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1466.64000000
Brokers Record: 8
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	251.26000000
Brokers Record: 9
i. Full name of broker	Piper Sandler & Co
ii. SEC file number	8-15204
iii. CRD number	000000665
iv. LEI, if any	549300GRQCWQ3XGH0H10
v. State, if applicable	MINNESOTA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	826.08000000
Brokers Record: 10
i. Full name of broker	BMO Capital Markets Corp., New York Branch
ii. SEC file number	8-34344
iii. CRD number	000016686
iv. LEI, if any	RUC0QBLBRPRCU4W1NE59
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	275.48000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	11900.81000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

i. Full name of dealer

ii. SEC file number

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 0.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	39118631.66250000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 5

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 8

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 9

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 11

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 13

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 18

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 22

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 30

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 32

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 34

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 35

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 36

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 37

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 14

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim StylePlus-Mid Growth Fund
b. Series identication number, if any	S000043993
c. LEI	549300GUSYU6YDPWOP73
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class A
ii. Class identification number, if any	C000136534
iii. Ticker symbol, if any	SECUX
Shares Outstanding Record: 2
i. Full name of Class	Class P
ii. Class identification number, if any	C000155973
iii. Ticker symbol, if any	SEUPX
Shares Outstanding Record: 3
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136537
iii. Ticker symbol, if any	GIUIX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000136536
iii. Ticker symbol, if any	SUFCX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	11883.81000000
Brokers Record: 2
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	360.12000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	12243.93000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	38967123.15000000
Principal Transactions Record: 2
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	159720374.81000000
Principal Transactions Record: 3
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	144102.50000000
Principal Transactions Record: 4
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	69208809.71000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 268040410.17000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	66371251.26666600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 2

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 6

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 7

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 10

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 17

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 18

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 20

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 21

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 25

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 27

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 30

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 37

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 39

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 15

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Floating Rate Strategies Fund
b. Series identication number, if any	S000043986
c. LEI	549300S6HWVOLKKKXK38
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000136511
iii. Ticker symbol, if any	GIFCX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136512
iii. Ticker symbol, if any	GIFIX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000136510
iii. Ticker symbol, if any	GIFAX
Shares Outstanding Record: 4
i. Full name of Class	Class R6
ii. Class identification number, if any	C000152101
iii. Ticker symbol, if any	GIFSX
Shares Outstanding Record: 5
i. Full name of Class	Class P
ii. Class identification number, if any	C000155966
iii. Ticker symbol, if any	GIFPX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	JONESTRADING
ii. SEC file number	8-26089
iii. CRD number	000006888
iv. LEI, if any	2138008JJ5PA8H5UIL69
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	4527.00000000
Brokers Record: 2
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	11249.00000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	15776.00000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	JEFFERIES LLC
ii. SEC file number	8-15074
iii. CRD number	000002347
iv. LEI, if any	58PU97L1C0WSRCWADL48
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	31440262.67000000
Principal Transactions Record: 2
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	24265036.84000000
Principal Transactions Record: 3
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	34084625.21000000
Principal Transactions Record: 4
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	48240159.98000000
Principal Transactions Record: 5
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	101983679.56000000
Principal Transactions Record: 6
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	26638079.62000000
Principal Transactions Record: 7
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	56679758.40000000
Principal Transactions Record: 8
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	79541702.26000000
Principal Transactions Record: 9
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	34296373.33000000
Principal Transactions Record: 10
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	22655756.66000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 519361510.05000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	1062001712.92333000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 2

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 7

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 11

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 13

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 17

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 19

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 21

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 23

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 25

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 28

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 29

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 31

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 37

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 16

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim StylePlus-Large Core Fund
b. Series identication number, if any	S000008805
c. LEI	5493002HVRF52WNVX091
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155959
iii. Ticker symbol, if any	SFEPX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000023958
iii. Ticker symbol, if any	SECEX
Shares Outstanding Record: 3
i. Full name of Class	Institutional
ii. Class identification number, if any	C000110205
iii. Ticker symbol, if any	GILIX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000023960
iii. Ticker symbol, if any	SFECX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Security Investors, LLC
ii. SEC file number ( e.g., 801- )	801-8008
iii.CRD number	000105477
iv. LEI, if any	549300R47VF4XGNEC751
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1243.37000000
Brokers Record: 2
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	9.55000000
Brokers Record: 3
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	19326.41000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	20579.33000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2168480.12000000
Principal Transactions Record: 2
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	282827832.93000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 284996313.05000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	210564344.04500000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 6

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 7

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 8

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 9

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 10

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 13

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 26

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 30

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 32

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 34

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 37

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 38

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 39

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 17

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Risk Managed Real Estate Fund
b. Series identication number, if any	S000044539
c. LEI	549300DJQDCGEM4JBC41
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	4
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155974
iii. Ticker symbol, if any	GURPX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000138556
iii. Ticker symbol, if any	GURIX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000138554
iii. Ticker symbol, if any	GURAX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000138555
iii. Ticker symbol, if any	GURCX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	50994.96000000
Brokers Record: 2
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	826.08000000
Brokers Record: 3
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	32321.62000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	84142.66000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4540000.00000000
Principal Transactions Record: 2
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2520000.00000000

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 7060000.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	414491066.62000000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 2

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 3

Name of fund	Guggenheim Macro Opportunities Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 4

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 5

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 7

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 8

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 10

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 11

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 12

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 13

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 14

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 15

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 16

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 17

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 18

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 19

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 20

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 22

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 23

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 24

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 25

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 26

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 27

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 28

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 29

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 31

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 32

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 33

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 36

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 37

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 38

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 39

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 18

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Capital Stewardship Fund
b. Series identication number, if any	S000047517
c. LEI	549300BR8S0TRBNGD581
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	1
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Institutional
ii. Class identification number, if any	C000149218
iii. Ticker symbol, if any	GFCIX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities? Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

Sub Advisors Record: 1
i. Full name	Concinnity Advisors, LP
ii. SEC file number ( e.g., 801- ), if applicable	801-78298
iii. CRD number	000161473
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	67742.20000000
b. Aggregate brokerage commissions paid by Fund during the reporting period:	67742.20000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

i. Full name of dealer

ii. SEC file number

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 0.00000000 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	185790855.86666600
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

Management Investment Record: 19

Item C.1. Background information.

a. Full Name of the Fund	Guggenheim Macro Opportunities Fund
b. Series identication number, if any	S000043989
c. LEI	5493008Z4PZUFJR0MW94
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class P
ii. Class identification number, if any	C000155969
iii. Ticker symbol, if any	GIOPX
Shares Outstanding Record: 2
i. Full name of Class	Institutional
ii. Class identification number, if any	C000136523
iii. Ticker symbol, if any	GIOIX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000136522
iii. Ticker symbol, if any	GIOCX
Shares Outstanding Record: 4
i. Full name of Class	Class A
ii. Class identification number, if any	C000136521
iii. Ticker symbol, if any	GIOAX
Shares Outstanding Record: 5
i. Full name of Class	Class R6
ii. Class identification number, if any	C000152104
iii. Ticker symbol, if any	GIOSX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

 a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund 
      i.     Exchange-Traded Fund 
      ii.    Exchange-Traded Managed Fund 
 b.   Index Fund 

 c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark 
 d.    Interval Fund 
 e.    Fund of Funds 
 f.     Master-Feeder Fund 
 g.    Money Market Fund 
 h.    Target Date Fund 
 i.     Underlying fund to a variable annuity or variable life insurance contract 
        N/A 

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))? Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?	Yes No
b. If yes, provide the following information:
Foreign Investments Record: 1
Full name of subsidiary	Guggenheim Macro Opportunities Fund CFC
LEI of subsidiary, if any	549300L58II3CRLSD726

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification

2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period? Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	0.00000000
g. Provide the net income from securities lending activities	0.00000000

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)  a. Rule 10f-3 (17 CFR 270.10f-3)  
 b. Rule 12d1-1 (17 CFR 270.12d1-1) 
 c. Rule 15a-4 (17 CFR 270.15a-4)  
 d. Rule 17a-6 (17 CFR 270.17a-6)  
 e. Rule 17a-7 (17 CFR 270.17a-7) 
 f. Rule 17a-8 (17 CFR 270.17a-8) 
 g. Rule 17e-1 (17 CFR 270.17e-1) 
 h. Rule 22d-1 (17 CFR 270.22d-1) 
 i. Rule 23c-1 (17 CFR 270.23c-1)  
 j. Rule 32a-4 (17 CFR 270.32a-4) 
 N/A 

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Guggenheim Partners Investment Management, LLC
ii. SEC file number ( e.g., 801- )	801-66786
iii.CRD number	000137432
iv. LEI, if any	549300XWQLVNUK615E79
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name

ii. SEC file number ( e.g., 801- )

iii. CRD number

iv. LEI, if any

v. State, if applicable

vi. Foreign country, if applicable

vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

SubAdvisors Terminated Record: 1
i. Full name	GUGGENHEIM PARTNERS ADVISORS, LLC
ii. SEC file number ( e.g., 801- )	801-107511
iii. CRD number	000283238
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Termination date	2022-12-22

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii.SEC file number ( e.g., 84- or 85- )	084-05475
iii. LEI, if any	N/A
iv. State, if applicable	MARYLAND
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period? Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Markit Ltd.
ii. LEI, if any, or provide and describe other identifying number	549300HLPTRASHS0E726
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	ICE Data Services
ii. LEI, if any, or provide and describe other identifying number	5493000NQ9LYLDBCTL34
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 3
i. Full name	Refinitiv US LLC
ii. LEI, if any, or provide and describe other identifying number	213800HQORQAP68CJJ04
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 4
i. Full name	Bloomberg
ii. LEI, if any, or provide and describe other identifying number	549300B56MD0ZC402L06
Description of other identifying number
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period? Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?* Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or provide and describe other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period? Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	MUFG Investor Services (US), LLC
ii. LEI, if any, or other identifying number	084-05475
Description of other identifying number	SEC File Number
iii. State, if applicable	MARYLAND
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period? Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	GUGGENHEIM SECURITIES, LLC
b. SEC file number	8-49107
c. CRD number	000040638
d. LEI, if any	5493005G25VHYWLYJU59
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 2
a. Full name	Guggenheim Funds Distributors, LLC
b. SEC file number	8-48842
c. CRD number	000039805
d. LEI, if any	549300YLHACOJHH3DN20
e. State, if applicable	ILLINOIS
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 3
a. Full name	Guggenheim Partners Middle East Limited
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED ARAB EMIRATES
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 4
a. Full name	Guggenheim Partners Japan, Ltd.
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	JAPAN
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 5
a. Full name	Sammons Financial Network LLC
b. SEC file number	8-68905
c. CRD number	000158538
d. LEI, if any	N/A
e. State, if applicable	IOWA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 6
a. Full name	Guggenheim Investor Services, LLC
b. SEC file number	8-44742
c. CRD number	000030096
d. LEI, if any	N/A
e. State, if applicable	NEW YORK
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000
Broker Dealers Record: 7
a. Full name	Guggenheim Securities International Ltd
b. SEC file number	N/A
c. CRD number	N/A
d. LEI, if any	N/A
e. State, if applicable
f. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00000000

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17.
To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used:
1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16.
2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17.
3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer.
4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers.
5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17.
6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included.
7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	988.80000000
Brokers Record: 2
i. Full name of broker	WILLIAM BLAIR
ii. SEC file number	8-2698
iii. CRD number	000001252
iv. LEI, if any	549300J0P7XYE8BMZ775
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	311.99000000
Brokers Record: 3
i. Full name of broker	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	21.80000000
Brokers Record: 4
i. Full name of broker	BLOOMBERG TRADEBOOK LLC
ii. SEC file number	8-49219
iii. CRD number	000040881
iv. LEI, if any	549300P0PVQNO43T7K36
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	24.66000000
Brokers Record: 5
i. Full name of broker	Bank of America, N.A.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2175.6
Brokers Record: 6
i. Full name of broker	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	127743.75
Brokers Record: 7
i. Full name of broker	J.P. Morgan Securities PLC
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	K6Q0W1PS1L1O4IQL9C32
v. State, if applicable
vi. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
vii. Gross commissions paid by the Fund for the reporting period	6867.2
b. Aggregate brokerage commissions paid by Fund during the reporting period:	138133.80000000

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BOFA SECURITIES, INC.
ii. SEC file number	8-69787
iii. CRD number	000283942
iv. LEI, if any	549300HN4UKV1E2R3U73
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2783286607.40
Principal Transactions Record: 2
i. Full name of dealer	WELLS FARGO SECURITIES, LLC
ii. SEC file number	8-65876
iii. CRD number	000126292
iv. LEI, if any	VYVVCKR63DVZZN70PB21
v. State, if applicable	NORTH CAROLINA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	676224233.73
Principal Transactions Record: 3
i. Full name of dealer	Citigroup Global Markets Inc.
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1864706792.04
Principal Transactions Record: 4
i. Full name of dealer	RBC Capital Markets, LLC
ii. SEC file number	8-45411
iii. CRD number	000031194
iv. LEI, if any	549300LCO2FLSSVFFR64
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2044371526.20
Principal Transactions Record: 5
i. Full name of dealer	UBS SECURITIES LLC
ii. SEC file number	8-22651
iii. CRD number	000007654
iv. LEI, if any	T6FIZBDPKLYJKFCRVK44
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4499740336.92
Principal Transactions Record: 6
i. Full name of dealer	GOLDMAN SACHS & CO. LLC
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	FOR8UP27PHTHYVLBNG30
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	694151375.13
Principal Transactions Record: 7
i. Full name of dealer	MIZUHO SECURITIES USA LLC
ii. SEC file number	8-37710
iii. CRD number	000019647
iv. LEI, if any	7TK5RJIZDFROZCA6XF66
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	659437194.46
Principal Transactions Record: 8
i. Full name of dealer	J.P. MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	9090919915.60
Principal Transactions Record: 9
i. Full name of dealer	Morgan Stanley & Co. LLC
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	9R7GPTSO7KV3UQJZQ078
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2210776344.05
Principal Transactions Record: 10
i. Full name of dealer	BARCLAYS CAPITAL INC.
ii. SEC file number	8-41342
iii. CRD number	000019714
iv. LEI, if any	AC28XWWI3WIBK2824319
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2344012103.45

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period: 32382701559.15 

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)? Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	5821590817.18083000
b. Provide the money market fund's daily average net assets during the reporting period	0.00000000

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit? Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	1165000000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	Citibank, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Series X (StylePlus-Small Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 2

Name of fund	Guggenheim High Yield Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 3

Name of fund	Series E (Total Return Bond Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 4

Name of fund	Guggenheim Municipal Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 5

Name of fund	Guggenheim Risk Managed Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 6

Name of fund	Guggenheim Directional Allocation Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 7

Name of fund	Series Q (Small Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 8

Name of fund	Guggenheim Large Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 9

Name of fund	Guggenheim Small Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 10

Name of fund	Series O (All Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 11

Name of fund	Guggenheim StylePlus-Large Core Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 12

Name of fund	Guggenheim Alpha Opportunity Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 13

Name of fund	Series N (Managed Asset Allocation Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 14

Name of fund	Series Y (StylePlus-Large Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 15

Name of fund	Guggenheim Total Return Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 16

Name of fund	Guggenheim Ultra Short Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 17

Name of fund	Guggenheim RBP Large-Cap Defensive Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 18

Name of fund	Guggenheim RBP Dividend Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 19

Name of fund	Guggenheim Market Neutral Real Estate Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 20

Name of fund	Series J (StylePlus-Mid Growth Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 21

Name of fund	Series D (World Equity Income Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 22

Name of fund	Series A (StylePlus-Large Core Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 23

Name of fund	Guggenheim Floating Rate Strategies Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 24

Name of fund	Series P (High Yield Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 25

Name of fund	Guggenheim Variable Insurance Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 26

Name of fund	Guggenheim SMid Cap Value Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 27

Name of fund	Series Z (Alpha Opportunity Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 28

Name of fund	Guggenheim Diversified Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 29

Name of fund	Guggenheim Limited Duration Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 30

Name of fund	Guggenheim StylePlus-Mid Growth Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 31

Name of fund	Guggenheim Core Bond Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 32

Name of fund	Series B (Large Cap Value Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 33

Name of fund	Series F (Floating Rate Strategies Series)
SEC File number( e.g., 811- )	811-02753

Shared Credit Users Record: 34

Name of fund	Guggenheim World Equity Income Fund
SEC File number( e.g., 811- )	811-01136

Shared Credit Users Record: 35

Name of fund	Guggenheim Strategy Fund II
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 36

Name of fund	Guggenheim RBP Large-Cap Market Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 37

Name of fund	Guggenheim Strategy Fund III
SEC File number( e.g., 811- )	811-22946

Shared Credit Users Record: 38

Name of fund	Guggenheim RBP Large-Cap Value Fund
SEC File number( e.g., 811- )	811-22309

Shared Credit Users Record: 39

Name of fund	Series V (SMid Cap Value Series)
SEC File number( e.g., 811- )	811-02753

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending? Yes No

c.Did the Fund engage in interfund borrowing? Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing? Yes No

N-CEN:Part G: Attachments

Item G.1a. Attachments.

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:   i. Legal proceedings  
 ii. Provision of financial support  
 iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)  
 iv. Change in accounting principles and practices  
 v. Information required to be filed pursuant to exemptive orders  
 vi. Other information required to be included as an attachment pursuant to Commission rules and regulations 

Instructions.

1. Item G.1.a.i. Legal proceedings.

(a) If the Registrant responded "YES" to Item B.11.a., provide a brief description of the proceedings. As part of the description, provide the case or docket number (if any), and the full names of the principal parties to the proceeding.
(b) If the Registrant responded "YES" to Item B.11.b., identify the proceeding and give its date of termination.

2. Item G.1.a.ii. Provision of financial support. If the Registrant responded "YES" to Item B.14., provide the following information (unless the Registrant is a Money Market Fund): (a) Description of nature of support.

(b) Person providing support.

(c) Brief description of relationship between the person providing support and the Registrant.

(d) Date support provided.

(e) Amount of support.

(f) Security supported (if applicable). Disclose the full name of the issuer, the title of the issue (including coupon or yield, if applicable) and at least two identifiers, if available (e.g., CIK, CUSIP, ISIN, LEI).
(g) Value of security supported on date support was initiated (if applicable).

(h) Brief description of reason for support.

(i) Term of support.

(j) Brief description of any contractual restrictions relating to support.

3. Item G.1.a.iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only). Each management investment company shall furnish a report of its independent public accountant on the company's system of internal accounting controls. The accountant's report shall be based on the review, study and evaluation of the accounting system, internal accounting controls, and procedures for safeguarding securities made during the audit of the financial statements for the reporting period. The report should disclose any material weaknesses in: (a) the accounting system; (b) system of internal accounting control; or (c) procedures for safeguarding securities which exist as of the end of the Registrant's fiscal year.

The accountant's report shall be furnished as an exhibit to the form and shall: (1) be addressed to the Registrant's shareholders and board of directors; (2) be dated; (3) be signed manually; and (4) indicate the city and state where issued.

Attachments that include a report that discloses a material weakness should include an indication by the Registrant of any corrective action taken or proposed.

The fact that an accountant's report is attached to this form shall not be regarded as acknowledging any review of this form by the independent public accountant.

4. Item G.1.a.iv. Change in accounting principles and practices. If the Registrant responded "YES" to Item B.21, provide an attachment that describes the change in accounting principles or practices, or the change in the method of applying any such accounting principles or practices. State the date of the change and the reasons therefor. A letter from the Registrant's independent accountants, approving or otherwise commenting on the change, shall accompany the description.

5. Item G.1.a.v. Information required to be filed pursuant to exemptive orders. File as an attachment any information required to be reported on Form N-CEN or any predecessor form to Form N-CEN (e.g., Form N-SAR) pursuant to exemptive orders issued by the Commission and relied on by the Registrant.

6. Item G.1.a.vi. Other information required to be included as an attachment pursuant to Commission rules and regulations. File as an attachment any other information required to be included as an attachment pursuant to Commission rules and regulations.

N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Registrant	Guggenheim Funds Trust
Date	2023-12-12
Signature	James Howley
Title	CFO