The fund seeks to replicate total return performance of the Guggenheim Directional Allocation Index before fees and expenses by investing in mega-and large-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index demonstrating a high Required Business Performance probability. The RBP Probability scores indicate the probability that the company will achieve its business perf More

The fund seeks to replicate total return performance of the Guggenheim Directional Allocation Index before fees and expenses by investing in mega-and large-size companies in the United States.

The investment process is designed to highlight companies in the benchmark index demonstrating a high Required Business Performance probability. The RBP Probability scores indicate the probability that the company will achieve its business performance in the future.

Then the research team focuses on companies that are believed to have the highest RBP probabilities.

The investment team relies on a passive investing style to replicate the composition of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

At times, it may not be possible or practicable to buy all of the securities of the Index, or to replicate the weightings in the Index. Then the team utilizes a sampling technique to select securities with a similar investment profile as the index in terms of key risk factors, and performance attributes.

The manager then constructs a portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The Index allocates its holdings among the stocks in the Guggenheim RBP Large-Cap Market Index, the Guggenheim RBP Large-Cap Aggressive Index and the Guggenheim RBP Large-Cap Defensive Index and cash.

The allocations are based on a moving average crossover system of analysis that focuses on economic condition, consumer sentiment and market momentum.

The portfolio is concentrated and the fund has the flexibility to hold 25% or more of its net assets in a particular industry or sector to approximately the same extent that the Index is so concentrated.

The fund also may invest up to 20% of its net assets in common stocks and real estate investment trusts not included in the index, as well as in exchange-traded funds, futures, put and call options, interest rate, index and total return swap contracts, cash and cash equivalents.