Guggenheim Funds

DIVERSIFIED INCOME WAVE PORTFOLIO Series 15

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PORTFOLIO HOLDINGS

as of 5/23/12

Ticker symbols provided for securities traded on U.S. Exchanges only.
SYMBOL COMPANY WEIGHTING
FFC FLAHERTY & CRUMRINE CLAYMORE PREFERRED SECURITIE 4.21 %
EHI WESTERN ASSET GLOBAL HIGH INCOME FUND 3.92 %
HYT BLACKROCK CORPORATE HIGH YIELD FUND VI 3.92 %
PCN PIMCO CORPORATE & INCOME STRATEGY FUND 3.69 %
HPS JOHN HANCOCK PREFERRED INCOME FUND III 3.67 %
EAD WELLS FARGO ADVANTAGE INCOME 3.56 %
JPC NUVEEN PREFERRED INCOME OPPORTUNITIES FUND 3.53 %
HIO WESTERN ASSET HIGH INCOME OPPORTUNITY FUND 3.53 %
CHI CALAMOS CONVERTIBLE OPPORTUNITY AND INCOME FUND 3.44 %
JHP NUVEEN QUALITY PREF INCOME FUND III 3.42 %
DVF BLACKROCK DIVERSIFIED INCOME STRATEGY 3.38 %
NCV AGIC CONVERTIBLE & INCOME FUND 3.32 %
AWF ALLIANCE BERNSTEIN GLOBAL HIGH INCOME FUND 3.25 %
NHS NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND INC 3.20 %
JGT NUVEEN MULTI-CURRENCY SHORT-TERM GOVERNMENT FUND 3.15 %
EOD WELLS FARGO ADVANTAGE GLOBAL DIVIDEND OPP FUND 3.09 %
ERC WELLS FARGO ADVANTAGE MULTI-SECTOR INCOME FUND 3.05 %
JRS NUVEEN REAL ESTATE INCOME FD 3.03 %
RIT LMP REAL ESTATE INCOME FUND 2.93 %
DEX DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUN 2.92 %
PPT PUTNAM PREMIER INCOME TRUST 2.83 %
ETV EATON VANCE TAX-MANAGED BUY-WRITE OPPORTUNITIES 2.79 %
EXG EATON VANCE TAX-MANAGED GLOBAL DIVERSIFIED EQUIT 2.75 %
PHF PACHOLDER HIGH YIELD FUND INC 2.75 %
CII BLACKROCK ENHANCED CAPITAL AND INCOME FUND 2.72 %
ETY EATON VANCE TAX-MANAGED DIVERSIFIED EQUITY INCOM 2.70 %
ETW EATON VANCE TAX MANAGED GLOBAL BUY-WRITE OPPORTU 2.69 %
HTR HELIOS TOTAL RETURN FUND 2.68 %
GDF WESTERN ASSET GLOBAL PARTNERS INCOME FUND 2.55 %
IGD ING GLOBAL EQUITY DIVIDEND AND PREMIUM OPPORTUNI 2.52 %
HNW PIONEER DIVERSIFIED HIGH INCOME TRUST 2.52 %
BOE BLACKROCK GLOBAL OPP EQUITY TRUST 2.27 %

Trust holdings are provided for information purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown. The holdings percentages for the Trust are based on invested assets and do not include any cash component of the portfolio.

Investors should carefully consider the investment objectives and policies, risk considerations, charges and ongoing expenses of any investment product before investing. The prospectus contains this and other relevant information. Please read the prospectus carefully before you invest. To obtain a prospectus, please contact a securities representative or Guggenheim Funds Distributors, LLC, 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999, or download one by accessing the Literature section of this website.

NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE