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Variable Insurance Funds Prospectus and Reports

Guggenheim Investments variable insurance funds are available only as underlying investment options in variable annuity contracts and variable life insurance policies issued by life insurance companies. They are not offered or made available directly to the general public. Variable annuities are sold by prospectus, which describes risk factors, fees, and surrender charges that may apply. Variable annuities are long-term investment vehicles and are not intended to replace emergency funds or to fund short-term savings goals. Investment return and principal value will fluctuate, and you may experience a gain or a loss when money is withdrawn. Taxable amounts withdrawn prior to age 59½ may be subject to a 10% federal tax penalty. Withdrawals will reduce the value of the death benefit and any optional benefits.

Prospectuses for variable life and annuity insurance products, in which Guggenheim Investments funds serve as underlying investment options, are available directly from individual life insurance companies. Please contact the applicable life insurance company directly for information about variable life and annuity products. For more complete information the underlying investment options described here, call 800.258.4332. Investors should carefully consider the investment objectives, risks, charges and expenses of the variable contract and the underlying investment options. The contract prospectus and the underlying fund prospectus contain this and other information about the contract and investment options. Please read the prospectus carefully before investing or sending money.

Download the pdfs for immediate use or call 800.820.8888 for delivery of printed versions – free of charge.

Download the pdfs for immediate use or check the boxes to request the materials by mail, where they will be sent to your mailing address, free of charge.

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.

Guggenheim Investments represent the investment management business of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investments Advisors, LLC ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.

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