Managed Futures Strategy Fund CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) March 31, 2015

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1 Shares Value EXCHANGE-TRADED FUNDS,1-2.0% Guggenheim Enhanced Short Duration ETF 108,400 $ 5,426,504 Total Exchange-Traded Funds (Cost $5,429,550) 5,426,504 MUTUAL FUNDS,2-55.7% Guggenheim Strategy Fund I 2,136,759 53,205,311 Guggenheim Strategy Fund II 2,119,870 52,805,950 Guggenheim Strategy Fund III 1,682,875 41,987,727 Total Mutual Funds (Cost $148,200,860) 147,998,988 Face Amount ASSET BACKED SECURITIES - 5.8% Brentwood CLO Corp A, 0.52% due 02/01/22 3,4 $ 3,733,235 3,680,224 Duane Street CLO IV Ltd A, 0.49% due 11/14/21 3,4 3,129,295 3,103,948 Salus CLO Ltd AN, 2.48% due 03/05/21 3,4 2,700,000 2,703,240 N-Star REL CDO VIII Ltd A, 0.47% due 02/01/41 3,4 2,565,132 2,517,164 Black Diamond CLO Delaware Corp A, 2.17% due 06/20/17 3,4 1,500,000 1,468,350 Foothill CLO Ltd A, 0.51% due 02/22/21 3,4 1,219,147 1,210,247 Cornerstone CLO Ltd A, 0.47% due 07/15/21 3,4 735, ,190 Gleneagles CLO Ltd A, 0.53% due 11/01/17 3,4 69,501 69,327 Total Asset Backed Securities (Cost $15,260,871) 15,481,690 COLLATERALIZED MORTGAGE OBLIGATIONS,5-1.2% Morgan Stanley Reremic Trust 2012-IO, 1.00% due 03/27/51 4 2,839,238 2,805,167 SRERS Funding Ltd RS, 0.43% due 05/09/46 3,4 330, ,144 Total Collateralized Mortgage Obligations (Cost $3,113,597) 3,119,311 REPURCHASE AGREEMENTS,5-24.1% HSBC Group issued 03/31/15 at 0.03% due 04/01/15 50,310,368 50,310,368 RBC Capital Markets issued 03/31/15 at 0.05% due 04/01/15 7,688,492 7,688,492 UMB Financial Corp. issued 03/31/15 at 0.03% due 04/01/15 6,171,279 6,171,279 Total Repurchase Agreements (Cost $64,170,139) 64,170,139 Total Investments % (Cost $236,175,017) $ 236,196,632 Other Assets & Liabilities, net % 29,649,664 Total Net Assets % $ 265,846,296 Unrealized Contracts Gain INTEREST RATE FUTURES CONTRACTS PURCHASED June 2015 Euro - Bund Futures Contracts Contracts $64,015,050) 375 $ 921,581 June 2015 Australian Government 10 Year Bond Futures Contracts Contracts $46,419,148) ,357 June 2015 U.S. Treasury 5 Year Note Futures Contracts Contracts $53,129,781) ,768 June 2015 U.S. Treasury Long Bond Futures Contracts Contracts $23,607,000) ,473 June 2015 Euro - Schatz Futures Contracts Contracts $806,546,756) 6, ,933 June 2015 U.S. Treasury Ultra Long Bond Futures Contracts Contracts $13,600,000) ,468

2 June 2015 Euro - Bobl Futures Contracts Contracts $151,100,220) 1, ,631

3 Unrealized Contracts Gain (Loss) INTEREST RATE FUTURES CONTRACTS PURCHASED (continued) June 2015 Australian Government 3 Year Bond Futures Contracts Contracts $80,887,056) 943 $ 261,593 June 2015 U.S. Treasury 10 Year Note Futures Contracts Contracts $32,355,469) ,218 June 2015 Canadian Government 10 Year Bond Futures Contracts Contracts $47,336,881) ,466 June 2015 Japanese Government 10 Year Bond Futures Contracts Contracts $79,762,381) 65 87,757 June 2015 Long Gilt Futures Contracts Contracts $16,644,545) 93 (63,128) (Total Aggregate Value of Contracts $1,415,404,287) $ 4,258,117 COMMODITY FUTURES CONTRACTS PURCHASED June 2015 Live Cattle Futures Contracts Contracts $20,428,301) 335 $ 678,724 May 2015 LME Lead Futures Contracts Contracts $10,283,565) ,058 May 2015 Copper Futures Contracts Contracts $68,438) 1 (372) June 2015 Gold 100 oz. Futures Contracts Contracts $2,960,000) 25 (2,811) May 2015 LME Zinc Futures Contracts Contracts $5,091,345) 98 (19,347) May 2015 Silver Futures Contracts Contracts $4,573,250) 55 (57,943) May 2015 WTI Crude Futures Contracts Contracts $2,232,030) 47 (71,183) (Total Aggregate Value of Contracts $45,636,929) $ 905,126 EQUITY FUTURES CONTRACTS PURCHASED June 2015 Topix Index Futures Contracts Contracts $31,280,020) 243 $ 367,664 June 2015 Nikkei 225 (OSE) Index Futures Contracts Contracts $19,231,286) ,035 April 2015 IBEX 35 Index Futures Contracts Contracts $7,633,375) ,403 April 2015 H-Shares Index Futures Contracts Contracts $6,675,340) ,916 June 2015 S&P MidCap 400 Index Mini Futures Contracts Contracts $10,793,420) ,479 June 2015 Dow Jones Industrial Average Index Mini Futures Contracts Contracts $9,112,925) ,409 June 2015 S&P 500 Index Mini Futures Contracts Contracts $4,221,975) 41 51,298 June 2015 DAX Index Futures Contracts Contracts $8,361,086) 26 25,539 June 2015 NASDAQ-100 Index Mini Futures Contracts Contracts $23,891,940) ,877 June 2015 Russell 2000 Index Mini Futures Contracts Contracts $2,373,480) 19 19,174 June 2015 SPI 200 Index Futures Contracts Contracts $6,465,060) 58 7,564 April 2015 Amsterdam Index Futures Contracts Contracts $22,473,163) 214 (265,954)

4 Unrealized Contracts Gain (Loss) EQUITY FUTURES CONTRACTS PURCHASED (continued) June 2015 FTSE 100 Index Futures Contracts Contracts $20,609,093) 207 $ (479,229) (Total Aggregate Value of Contracts $173,122,163) $ 813,175 COMMODITY FUTURES CONTRACTS SOLD SHORT May 2015 Sugar #11 Futures Contracts Contracts $19,194,862) 1,427 $ 2,769,134 May 2015 LME Nickel Futures Contracts Contracts $7,420,800) ,170 May 2015 Gas Oil Futures Contracts Contracts $10,169,250) ,261 May 2015 Corn Futures Contracts Contracts $5,944,750) ,376 June 2015 Brent Crude Futures Contracts Contracts $4,944,720) ,767 May 2015 Coffee 'C' Futures Contracts Contracts $895,388) 18 55,541 May 2015 Wheat Futures Contracts Contracts $2,897,038) ,783 May 2015 Gasoline RBOB Futures Contracts Contracts $1,413,338) 19 20,937 May 2015 New York Harbor Ultra-Low Sulfur Diesel Futures Contracts Contracts $143,262) 2 4,071 May 2015 Natural Gas Futures Contracts Contracts $817,470) May 2015 Soybean Futures Contracts Contracts $6,955,163) 143 (33,104) May 2015 Hard Red Winter Wheat Futures Contracts Contracts $6,168,250) 220 (50,267) June 2015 Lean Hogs Futures Contracts Contracts $16,006,180) 526 (78,615) May 2015 LME Primary Aluminum Futures Contracts Contracts $16,769,431) 377 (120,296) May 2015 Cotton #2 Futures Contracts Contracts $6,152,250) 195 (176,307) (Total Aggregate Value of Contracts $105,892,152) $ 3,987,156 EQUITY FUTURES CONTRACTS SOLD SHORT April 2015 CAC40 10 Euro Index Futures Contracts Contracts $8,653,158) 160 $ 14,099 April 2015 MSCI Taiwan Stock Index Futures Contracts Contracts $1,725,486) 49 (6,003) April 2015 Hang Seng Index Futures Contracts Contracts $3,865,699) 24 (79,649) (Total Aggregate Value of Contracts $14,244,343) $ (71,553) CURRENCY FUTURES CONTRACTS SOLD SHORT June 2015 British Pound Futures Contracts Contracts $15,106,025) 163 $ 166,259 June 2015 Canadian Dollar Futures Contracts Contracts $4,889,940) 62 18,149 June 2015 Australian Dollar Futures Contracts Contracts $379,200) 5 (163) June 2015 Euro FX Futures Contracts Contracts $16,410,525) 122 (78,217) June 2015 Swiss Franc Futures Contracts Contracts $12,643,225) 98 (309,077)

5 June 2015 Japanese Yen Futures Contracts Contracts $40,373,775) 387 (350,111) (Total Aggregate Value of Contracts $89,802,690) $ (553,160)

6 Value determined based on Level 1 inputs, unless otherwise noted. Value determined based on Level 2 inputs. 1 Investment in a product that is managed by and/or pays a management fee to a party related to the Adviser. 2 Affiliated issuer. 3 Variable rate security. Rate indicated is rate effective at March 31, Security is a 144A or Section 4(a)(2) security. The total market value of 144A or Section 4(a)(2) securities is $18,601,001 (cost $18,374,468), or 7.0% of total net assets. These securities have been determined to be liquid under guidelines established by the Board of Trustees. 5 Repurchase Agreements.

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