AVK

Portfolio Concentration

as of 12/31/11

Asset Class %
Convertible 60.80 %
High Yield 35.00 %
Other 2.71 %
Cash 1.49 %

This data is subject to change on a daily basis.


Sector Concentration

as of 12/31/11

Industry %
Technology 17.69 %
Financial 17.58 %
Healthcare 16.14 %
Consumer Discretionary 15.00 %
Materials 9.58 %
Energy 7.32 %
Telecommunications 4.49 %
Industrials 3.75 %
Media 3.05 %
Consumer Staples 3.01 %
Utilities 2.12 %
Transportation 0.28 %

This data is subject to change on a daily basis.


Top 10 Holdings

as of 12/31/11

Name %
Metlife 2.57 %
Hologic Inc 1.96 %
MGM Mirage 1.85 %
Alcatel-Lucent 1.76 %
Gilead Sciences 1.71 %
Web MD 1.66 %
Chesapeake Energy 1.66 %
AES Corp. 1.60 %
Omnicare 1.46 %
Owens-Brockway 1.41 %

This data is subject to change on a daily basis.


U.S./International Allocation

as of 12/31/11

Name %
U.S. 91.25 %
International 8.75 %

This data is subject to change on a daily basis.


Credit Quality

as of 12/31/11

Credit Quality %
A 2.41 %
BBB/Baa 15.39 %
BB/Ba 30.56 %
B 24.75 %
Below B 5.35 %
Not Rated 21.55 %

Ratings shown are assigned by one or more Nationally Recognized Statistical Credit Rating Organizations ("NRSRO"), including Standard & Poor's and Moody's. The ratings are an indication of an issuer's creditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When two ratings are available, the lowest rating is used; and when only one is available, that rating is used. The Non-Rated category consists of securities that have not been rated by either S&P or Moody’s. Bonds with a credit rating of BB or lower are considered below investment grade and carry a higher risk of default than investment grade rated bonds. Credit quality, as rated by S&P or Moody's, is an assessment of the credit worthiness of an issuer of the underlying security and not the Fund or its shares. Please note, the Fund itself has not been rated by an independent rating agency.

This data is subject to change on a daily basis.


Investors should carefully consider the investment objectives and policies, risk considerations, charges and ongoing expenses of any investment product before investing. For more information, please contact a securities representative or Guggenheim Funds Distributors, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999.

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE