An exchange is when you sell shares of one Fund and use the proceeds to purchase shares of another Fund. Investors may make exchanges on any business day. Exchange requests will be processed at the NAV next determined after your exchange order is received in good order.
All exchange requests must be received by a Fund’s transfer agent prior to the cut-off time of the Fund you are exchanging out of or the Fund you are exchanging into, whichever is earlier, to be processed at that day’s NAV.
The Funds offer you the option to send exchange requests by:
Attn: Operations Department
P.O. Box 10839
Rockville, MD 20849-0839
Attn: Operations Department
805 King Farm Blvd
Rockville, MD 20850
If you send your exchange request by fax, you should call Guggenheim Investments Client Services at 800.820.0888 to verify that your fax was received and it will be processed.
800.820.0888 or 301.296.5100
Whether you transmit your exchange request by mail, fax, or telephone, you must include the following information in your exchange request:
- Your name
- Your shareholder account number
- Fund name(s) you are exchanging out of (selling) and fund name(s) you are exchanging in to (buying)
- Dollar amount, number of shares, or percentage of fund position involved in the exchange
- Signature of account owner(s) (not required for telephone or internet exchanges)
- Further account verification via telephone may be required
You may only place exchange orders if you are the registered owner of the account or the registered owner has given you written authorization to trade the account. You will receive a confirmation number for your exchange. Please retain it for your records.
Exchanges Among Funds
While most Funds offer unlimited exchange privileges with no minimum holding periods or transaction fees, certain Funds do not allow unlimited trading. Click here to review a list of Funds that do not allow unlimited trading. If you are contemplating an exchange, you should obtain and review that fund’s current prospectus before making the exchange. You can obtain a prospectus for any Fund by calling 800.820.0888 or 301.296.5100 or by visiting the Guggenheim Investments web site at www.guggenheiminvestments.com.
Each exchange or redemption of fund shares may be a taxable event to you. For tax purposes, an exchange of fund shares into a different fund is treated the same as a redemption. You should consider the tax consequences of any redemption or exchange before making such a request. You should consider the tax consequences of redemptions if you invest in the funds through a tax-qualified retirement plan.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.