GOF

Asset Class Breakdown

as of 12/31/11

%
Fixed Income 73.44 %
Common Stock 13.19 %
Preferred Stock 5.06 %
Bank Loans 3.08 %
Income/Other 0.53 %
Cash/Short Term 4.70 %

This data is subject to change on a daily basis.


PORTFOLIO ALLOCATION*

as of 12/31/11

%
ABS 31.38 %
High Yield Corporates 18.45 %
Investment Grade Corporates 15.53 %
Common Stock 13.19 %
Preferred Stock 5.06 %
CMBS: Traditional 4.12 %
Bank Loans 3.08 %
RMBS 2.11 %
CMBS: Non-Traditional 1.15 %
CMBS: Military Housing 0.69 %
Income/Other 0.53 %
Municipal 0.23 %
Cash/Short-Term 4.70 %

* as a percentage of the total market value including the value of repurchase agreements, if any

This data is subject to change on a daily basis.


SUB-CATEGORY: ASSET-BACKED SECURITIES*

as of 12/31/11

%
ABS:CLO 15.72 %
ABS:Transportation 5.76 %
ABS:CDO 3.15 %
ABS:Insurance 1.48 %
ABS:TRUP CDO 1.35 %
ABS:Timeshare 0.95 %
ABS:CRE CDO 0.63 %
ABS:Commercial Rec 0.37 %
ABS:Student Loan 0.12 %
ABS:Automotive 0.02 %
ABS:Financial 0.01 %
ABS:Other 2.02 %

* as a percentage of the total market value including the value of repurchase agreements, if any

This data is subject to change on a daily basis.


TOP 10 HOLDINGS*

as of 12/31/11

Name %
AIRPLANES PASS THROUGH TRUST 0.828 03/15/2019 7.12 %
SPDR S&P 500 ETF TRUST 3.83 %
LANCER FINANCE CO SPV LTD 5.85 12/12/2016 1.65 %
TFCP HOLDINGS LTD 7 10/15/2016 1.57 %
EASTLAND CLO LTD EASTL_07-1A 0.759 05/01/2022 1.55 %
SPDR DJIA 1.46 %
POWERSHARES QQQ 1.41 %
ATTENTUS CDO LTD ATTN_07-3A 0.651 10/11/2042 1.35 %
TELOS CLO LTD TELOS_06-1A 0.791 10/11/2021 1.34 %
AVIATION CAPITAL GROUP TRUST ACAP_03-2A 3.285 09/20/2033 1.17 %

* as a percentage of net assets

This data is subject to change on a daily basis.


Asset Class Breakdown

as of 8/31/11

Credit Quality %
AAA/Aaa 15.20 %
AA/Aa 8.90 %
A 15.50 %
BBB/Baa 16.70 %
BB/Ba or Lower 32.60 %
Not Rated 11.10 %

The above ratings are the lesser rating of S&P and Moody's. If neither S&P or Moody's provide ratings for particular securities, then an internal implied / estimated rating is applied to the securities by the advisor.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.

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