Redeeming Shares by Checkwriting
If you hold shares directly, you may redeem shares from the U.S. Government Money Market Fund by writing drafts for $100 or more on your existing account. The drafts may be made payable to any person or entity and your account will continue to earn dividends until the draft clears. Drafts may not be used for electronic funds transfers (i.e., electronic bill payments or ACH). Draft check writing is only available on non-retirement accounts.
If your balance in the U.S. Money Market Fund is insufficient to cover the amount of your draft, the transfer agent will automatically exchange sufficient funds from your other Guggenheim Investments Funds, starting with the Guggenheim Investments Fund with the highest account balance and then, if sufficient assets are not available in that fund, with the next Guggenheim Investments Funds (by decreasing order) until the entirety of the amount of the draft is covered. If no sufficient amount is available across all Guggenheim Investments Funds that you own, the draft will be rejected entirely.
Such exchange will thus cause your shares in other Guggenheim Investments Funds to be redeemed, which means that any contingent deferred sales charges (CDSC) (if applicable based on share class) payable on the redemption of such shares will be assessed. Such redemptions also will constitute taxable events (taxes would generally need to be paid on gains, for example). Also, such redemptions may be made at a time when you otherwise would not have wished to redeem these other funds’ shares. Accordingly, you should carefully consider your available balance in the Fund the consequences of your draft, before using this feature.
You can obtain a draft writing application by calling 800.820.0888 or by downloading our Check Signature Card from the forms and applications area. Because of the difficulty of determining in advance the exact value of your Fund account, you may not use a draft to close your account.
There is no fee for the draft writing privilege, but if payment on a draft is stopped upon your request, or if the draft cannot be honored because of insufficient funds or other valid reasons, you may be charged a fee by the financial institution where you presented your draft for payment. Guggenheim Investments may also charge a $25 fee for a draft that cannot be honored due to insufficient funds. The Fund may suspend the draft writing privilege at any time.