MCN

Portfolio Concentration

as of 1/31/12

Asset Class %
Large Cap 75.43 %
ETFs 6.80 %
Option Liability -4.75 %
Cash and Other 22.52 %

* Based on market value, this represents the amount needed to close the options positions.

This data is subject to change on a daily basis.


Sector Concentration

as of 1/31/12

Sector %
Information Technology 22.14 %
Health Care 21.28 %
Financials 20.98 %
Consumer Discretionary 13.49 %
Energy 11.62 %
ETFs 8.27 %
Materials 2.23 %

The Sector Concentration is a percentage of the equity portion of the Fund.

This data is subject to change on a daily basis.


Option Strategy Information

as of 1/31/12

Option Type (stock/index) stock
Option Strategy At Time Calls Are Written OTM

This data is subject to change on a daily basis.


Top 10 Holdings

as of 1/31/12

Name %
Gilead Sciences Inc 4.07 %
Target 3.74 %
Wells Fargo 3.47 %
PowerShares QQQ 3.43 %
SPDR S&P Midcap 400 3.37 %
Google Inc 3.29 %
State Street Corp 3.11 %
Cisco Systems 3.00 %
Hewlett-Packard 2.85 %
Affiliated Managers 2.85 %

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