Mutual Fund Resource Center

Current Shareholder Information

Mutual Fund Distributions and Dividends

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Guggenheim Investments Mutual Fund Dividend and Distribution Announcement Policy 

Guggenheim Investments will only announce estimated distributions for certain funds that have trading restrictions. For all other funds we do not pre-announce distributions nor announce estimated distributions.

Because Guggenheim Investments allows unrestricted trading in many of our mutual funds, pre-announcing distribution dates for these funds could trigger exchange activity. If a large number of shareholders sell out of a fund prior to its distribution date, the total fund distribution would be spread among fewer shareholders and would in turn increase the distribution amount paid to each remaining shareholder.

Timing of Payments

Income dividends, if any, are paid at least annually by each of the funds. If you own fund shares on a fund’s record date, you will be entitled to receive the dividend. The funds may declare and pay dividends on the same date.

The funds make distributions of capital gains, if any, at least annually. However, the funds may declare a special capital gains distribution if the Board of Trustees believes that such a distribution would be in the best interest of the shareholders of a fund.

Dividend Payment Options

Dividends and distributions will be paid in the form of additional fund shares unless you have elected to receive payment in cash. If you did not elect to receive cash payments of dividends and distributions on your application and wish to do so, you must complete and submit the Account Change Form to Guggenheim Investments prior to the date of the next distribution.

Your election will become effective for dividends paid after Guggenheim Investments receives your written notice.  Dividends and distributions with values of $25 or less may be automatically reinvested.

Tax Information on Dividends and Distributions

  • Each Fund will, at least annually, distribute substantially all of its net investment income and net capital gains.
  • The income dividends and short-term capital gains distributions you receive from the Funds will be taxed as either ordinary income or qualified dividend income. Dividends that are qualified dividend income, if any, are eligible for the reduced maximum rate to individuals of 15% (lower rates apply to individuals in lower tax brackets) to the extent that the Funds receive qualified dividend income and subject to certain limitations.
  • Absent further legislation, the maximum 15% tax rate on qualified dividend income and long-term capital gains will cease to apply to taxable years beginning after December 31, 2012.
  • Dividends and distributions are generally taxable to you whether you receive them in cash or in additional shares.
  • Beginning in 2013, U.S. individuals with income exceeding $200,000 ($250,000 if married and filing jointly) will be subject to a 3.8% Medicare contribution tax on their “net investment income,” including interest, dividends, and capital gains (including capital gains realized on the sale or exchange of shares).
  • Corporate shareholders may be entitled to a dividends-received deduction for the portion of dividends they receive that are attributable to dividends received by the Funds from U.S. corporations, subject to certain limitations.
  • Long-term capital gains distributions will result from gains on the sale or exchange of capital assets held by a Fund for more than one year.
  • Distributions paid in January but declared by the Funds in October, November or December of the previous year may be taxable to you in the previous year.
  • The Funds will inform you of the amount of your ordinary income dividends, qualified dividend income, and long-term capital gain distributions shortly after the close of each calendar year.
  • If you hold your shares in a tax-qualified retirement account, you generally will not be subject to federal taxation on Fund distributions until you begin receiving distributions from your retirement

State Tax Considerations

A fund is not liable for any income or franchise tax in Delaware as long as it qualifies as a regulated investment company for federal income tax purposes. In addition to federal taxes, distributions by the funds and ownership of fund shares may be subject to state and local taxes. You should consult your tax advisor regarding how state and local tax laws affect your investment in fund shares.

You should not consider this summary to be a detailed explanation of the tax treatment of the funds, or the tax consequences of an investment in the funds. You are urged to consult your tax advisor regarding specific questions as to federal, state and local income taxes. Guggenheim Investments is not providing tax advice.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors.

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This website is directed to and intended for use by citizens or residents of the United States of America only. The material provided on this website is not intended as a recommendation or as investment advice of any kind, including in connection with rollovers, transfers, and distributions. Such material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. All content has been provided for informational or educational purposes only and is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation. Investing involves risk, including the possible loss of principal.