Guggenheim Macro Opportunities Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 10.37 0.0 10.37
Stocks 0.89 0.0 0.89
Bonds 35.23 0.0 35.23
Other 3.18 9.79 -6.61
Foreign Bonds 55.55 0.05 55.51
Foreign Stocks 1.96 0.0 1.96
Convertible 0.0 0.0 0.0
Preferred 2.65 0.0 2.65

Updated 05.31.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 05.31.2014

% Net Assets
Limited Duration - Instl 2.41
Nomura Resec Tr 2012-1r FRN 1.17
Gramercy Real Estate 2007-1 FRN 1.09
Cedarwoods Cre Cdo 2006-1 FRN 1.09
N-Star Rel Cdo Viii 2006-8 FRN 1.06
iShares MSCI Spain Capped 0.99
Seaspan Pfd 0.99
SPDR EURO STOXX 50 0.99
West Coast Fdg I Ltd 2006-1 FRN 0.99
Bk Of Amer Corporation FRN 0.95

Bond Ratings (%)

Updated 05.31.2014

Sector GIOAX
AAA 2.12
AA 4.05
A 7.89
BBB 17.47
BB 13.14
B 33.79
Below B 16.05
Other 5.49