Selling the Funds
Mutual Funds
The majority of the funds redeem their shares continuously and investors may sell their shares back to the funds on any business day. You may redeem all or any portion of your fund shares at the next determined NAV after your redemption order is received in good order by Guggenheim Investments. Redemption orders are subject to the funds’ transaction cutoff times.
The funds offer you the option to send redemption orders by:
| Mail: |
Standard Delivery
Guggenheim Investments
Attn: Operations Department
P.O. Box 10839
Rockville, MD 20849-0839 |
Overnight Delivery
Guggenheim Investments
Attn: Operations Department
805 King Farm Blvd
Ste. 600
Rockville, MD 20850 |
| Fax: |
301.296.5103
If you send your redemption order by fax, you should call Guggenheim Investments Client Services at 800.820.0888 or 301.296.5100 to verify that your fax was received. |
| Telephone: |
800.820.0888 or 301.296.5100 (not available for retirement accounts) |
To redeem shares from your taxable account, please use our Withdrawal Form found in the customer service forms area of the site. Please note that certain redemption requests may require a Medallion signature guarantee and therefore cannot be faxed.
You may only place a redemption order if you are the registered owner of the account or the registered owner has given Guggenheim Investments written authorization allowing you to request redemptions from the account. You will receive a confirmation number for your redemption; please retain it for your records.
IRA and Qualified Retirement Plan Account Redemptions
All redemptions from tax-qualified plans or IRAs must be requested be in writing. Please complete the IRA Distribution Form found in the customer service forms area of the site.
Redeeming shares that you hold through a tax-qualified plan or individual retirement account (IRA) may have adverse tax consequences. You should consult your tax advisor before redeeming shares and making distributions from your tax qualified plan or IRA. All distributions from tax-qualified plans and IRAs are subject to federal and state tax withholding rules.
Distributions from 403(b) accounts may require employer or plan administrator approval. Please see the 403(b)(7) Distribution Form found in the customer service forms area of the site.
Receiving Your Redemption Proceeds
Your redemption proceeds will normally be sent within seven(7) days of the transfer receipt of your request. For redemption orders that settle on a federal bank holiday, your redemption proceeds will be sent on the next business day following the holiday. Purchanses made by check or ACH (not wire), will be on hold for ten (10) business days before they may be redeemed.
All redemptions will be mailed to your address of record, sent electronically via ACH, or wired to your bank account of record. You may request overnight mail service for an additional fee. If redemption proceeds are transmitted by ACH or wire and the payee instructions are not valid, the proceeds may be re-invested into shares of the Fund as of the redemption date.
If you are setting up new alternate (check) payee instructions or new bank instructions (ACH or wire) the request must be in writing, include a signature guarantee, and may not be faxed. If you request to have your redemption proceeds sent to an address of record that has been changed within the previous ten (10) business days, a signature guarantee also is required and may not be faxed. For certain exceptions (e.g., accounts managed by financial professionals and requests to transfer between accounts), you may not be required to provide a signature guarantee.
Please contact Client Services at 800.820.0888 with any questions about your redemption request.
Low Balance Accounts
To offset the administrative expense of servicing small accounts, Guggenheim Investments may assess an administrative fee of $15 per year during periods where your account balance below the minimum required amount for any reason.
Guggenheim Investments may redeem your shares if the value of your account falls below the required minimum investment amount; however, Guggenheim Investments will provide you with at least thirty (30) days’ written notice to allow you sufficient time to add assets to your account and avoid the redemption of your shares.
Uncashed Check Policy
Any dividend, capital gain or partial redemption check that has remained outstanding for a period of ninety (90) days from the issuance date will be canceled and re-issued. If a re-issued check is not cashed within ninety (90) days, the check will be canceled and the proceeds will be deposited into the shareholder’s account as of the cancellation date.
For dividend and capital gain checks, the proceeds will be reinvested into the Fund. All subsequent distributions will also be reinvested into the Fund.
For partial redemption checks, the proceeds will be deposited into the Fund. Any full redemption check (one that reduces your account balance to $0.00) that is still outstanding for a period of ninety (90) days from the issuance date will be canceled and re-issued one time.
Any redemption check from a retirement account (e.g. IRA, Roth IRA, 403(b) accounts) that is still outstanding for a period of ninety (90) days from the issuance date will be canceled and re-issued one time.
For checks returned in the mail, the Fund will attempt to contact the client. If no contact is made, the check will be processed according to the procedures mentioned above.
Each exchange or redemption of fund shares may be a taxable event to you. For tax purposes, an exchange of 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.
This information does not constitute tax advice. Please consult your tax advisor and/or state and local tax offices for more complete information.
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.