# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000913181-25-000300
**Filing Date:** 2025-12
**Character Count:** 48622
**Document Hash:** 637d2308ffe487ccee993600b584d532
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000300.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000300

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 251538165

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Municipal Income Fund (Series ID: S000043990)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000136524 | A-Class             | GIJAX           |
| C000136525 | C-Class             | GIJCX           |
| C000136526 | Institutional Class | GIJIX           |
| C000155970 | P                   | GIJPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Guggenheim Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000043990

- **c. LEI of Series:** 549300J288O7F2LCM316

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $36121955.12

**Total Liabilities:** $234035.35

**Net Assets:** $35887919.77

**Cash Not Reported:** $519675.12

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 66.84024670 | **1-Year:** 685.43287400 | **5-Year:** 6528.77668230 | **10-Year:** 19427.90688630 | **30-Year:** 3573.71431670

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 52.69726540 | **5-Year:** 164.85846390 | **10-Year:** 64.71185700 | **30-Year:** 80.46182000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136524 | -0.37%               | 1.01%                | 2.78%                |
| Class ID C000136525 | -0.43%               | 0.94%                | 2.81%                |
| Class ID C000155970 | -0.37%               | 0.92%                | 2.87%                |
| Class ID C000136526 | -0.43%               | 1.03%                | 2.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19885.29                | $-222339.07                                |
| Month 2  | $41529.45                | $181405.92                                 |
| Month 3  | $47587.27                | $907727.45                                 |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                         | Title                                                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OHIO ST HSG FIN AGY RSDL MTGE                | Ohio Housing Finance Agency Revenue Bonds                                                            | CUSIP: 67756UDP0<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515995.85    | 1.44%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CA CORRIDOR TRANSPRTN                | Alameda Corridor Transportation Authority Revenue Bonds                                              | CUSIP: 010869JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $287339.25    | 0.80%             | 2051-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency Revenue Bonds                                               | CUSIP: 57584YC23<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $162011.07    | 0.45%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN               | M-S-R Energy Authority Revenue Bonds                                                                 | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    145000 | PA      | $153395.12    | 0.43%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS MUNICASH PORTFOLIO | BlackRock Liquidity Funds MuniCash                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1065484 | NS      | $1065484.04   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD               | Maryland Economic Development Corp. Revenue Bonds                                                    | CUSIP: 57420VTL7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516864.80    | 1.44%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT MESA CA UNIF SCH DIST                | Newport Mesa Unified School District General Obligation Unlimited                                    | CUSIP: 652113XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $733780.97    | 2.04%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia General Obligation Unlimited                                                        | CUSIP: 373385NX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131388.10   | 3.15%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver Colorado Airport System Revenue Bonds                                        | CUSIP: 249182LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212923.82    | 0.59%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE                 | PEFA, Inc. Revenue Bonds                                                                             | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101757.36    | 0.28%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN HSG AUTH CT                        | New Haven Housing Authority Revenue Bonds                                                            | CUSIP: 64503TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    237912 | PA      | $188641.40    | 0.53%             | 2038-05-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -800000 | OU      | $-10162.20    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                       | Canyons Metropolitan District No. 5 General Obligation Limited                                       | CUSIP: 139071AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $171444.64    | 0.48%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE               | Public Finance Authority Revenue Bonds                                                               | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $130094.94    | 0.36%             | 2049-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUTTO TX INDEP SCH DIST                      | Hutto Independent School District General Obligation Unlimited                                       | CUSIP: 448492Q68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101300.44    | 0.28%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAXTER CNTY AR HOSP REVENUE                  | County of Baxter Arkansas Revenue Bonds                                                              | CUSIP: 071808JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $332363.03    | 0.93%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE               | Washington State Convention Center Public Facilities District Revenue Bonds                          | CUSIP: 93976ADH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $178331.03    | 0.50%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports Revenue Bonds                                             | CUSIP: 5444455W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $296461.95    | 0.83%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COAST CA CMNTY CLG DIST                      | Coast Community College District General Obligation Unlimited                                        | CUSIP: 190335JY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $133636.48    | 0.37%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TECH UNIV REVENUES               | Michigan Technological University Revenue Bonds                                                      | CUSIP: 594746SF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043483.80   | 2.91%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHINGTON CNTYS O               | Clackamas & Washington Counties School District No. 3 General Obligation Unlimited                   | CUSIP: 178882NJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $105859.88    | 0.29%             | 2049-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID-BAY BRIDGE AUTH               | Mid-Bay Bridge Authority Revenue Bonds                                                               | CUSIP: 342814ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267909.38    | 0.75%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND CMNTY DEV ADMIN HSG &               | Maryland Department of Housing & Community Development Revenue Bonds                                 | CUSIP: 57419UWK0<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254338.95    | 0.71%             | 2052-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY & CNTY DEDICATE               | City & County of Denver Colorado Pledged Excise Tax Revenue Bonds                                    | CUSIP: 24917DBM4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $166777.92    | 0.46%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP REVENUE                 | Florida Housing Finance Corp. Revenue Bonds                                                          | CUSIP: 34074NEQ8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253828.40    | 0.71%             | 2056-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH                  | New Mexico Mortgage Finance Authority Revenue Bonds                                                  | CUSIP: 6472016Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514215.10    | 1.43%             | 2055-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE               | South Carolina State Housing Finance & Development Authority Revenue Bonds                           | CUSIP: 83712D7P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198839.20    | 0.55%             | 2055-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  -2100000 | OU      | $-63745.82    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIV OF WASHINGTON WA UNIV REV               | University of Washington Revenue Bonds                                                               | CUSIP: 91523NZS8<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266022.13    | 0.74%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                | Metropolitan Government of Nashville & Davidson County Tennessee Water & Sewer Revenue Revenue Bonds | CUSIP: 5920983R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265884.03    | 0.74%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA ECON DEV AUTH                | Loudoun County Economic Development Authority Revenue Bonds                                          | CUSIP: 54601TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $152294.10    | 0.42%             | 2049-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HLTH & HGR EDUCTNL FA               | Maine Health & Higher Educational Facilities Authority Revenue Bonds                                 | CUSIP: 56042SCY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046826.40   | 2.92%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VERMONT ST EDUCTNL & HLTH BLDG               | Vermont Educational & Health Buildings Financing Agency Revenue Bonds                                | CUSIP: 924166JA0<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200320.94    | 0.56%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF ALASKA AK REVENUES                   | University of Alaska Revenue Bonds                                                                   | CUSIP: 914046J65<br>LEI: 549300HX0P0XT4OEJZ25 | Long             | DBT              | MUN               | US        |    260000 | PA      | $261583.01    | 0.73%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH AC               | California Municipal Finance Authority Revenue Bonds                                                 | CUSIP: 130491AS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508832.60    | 1.42%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HSG FIN AUTH SF MTG               | Alabama Housing Finance Authority Revenue Bonds                                                      | CUSIP: 01030RPW6<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512516.35    | 1.43%             | 2050-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                | New York City Housing Development Corp. Revenue Bonds                                                | CUSIP: 64966WHK6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199534.72    | 0.56%             | 2053-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A               | South Carolina Public Service Authority Revenue Bonds                                                | CUSIP: 8371515U9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516396.00    | 1.44%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -450000 | OU      | $3039.68      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S               | Salt Verde Financial Corp. Revenue Bonds                                                             | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218366.84    | 0.61%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO               | Arizona Industrial Development Authority Revenue Bonds                                               | CUSIP: 04052FEL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509677.75    | 1.42%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  -1200000 | OU      | $13550.91     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                | Arlington Higher Education Finance Corp. Revenue Bonds                                               | CUSIP: 041806HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193520.38    | 0.54%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH                  | New Mexico Mortgage Finance Authority Revenue Bonds                                                  | CUSIP: 647201ZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $257885.68    | 0.72%             | 2038-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH GREEN TRA               | New York Power Authority Revenue Bonds                                                               | CUSIP: 65000XBQ2<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $277324.40    | 0.77%             | 2041-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG               | Idaho Housing & Finance Association Revenue Bonds                                                    | CUSIP: 45130BCF8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518314.30    | 1.44%             | 2045-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST DEPT OF VETERANS               | Department of Veterans Affairs Veteran's Farm & Home Purchase Program Revenue Bonds                  | CUSIP: 130658PQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $103980.57    | 0.29%             | 2039-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTS                | Harris County-Houston Sports Authority Revenue Bonds                                                 | CUSIP: 413890EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $232662.10    | 0.65%             | 2053-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY SC ARPT DIST A               | Charleston County Airport District Revenue Bonds                                                     | CUSIP: 160070EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204937.48    | 0.57%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST INVESTMENT FIN AUT               | Nebraska Investment Finance Authority Revenue Bonds                                                  | CUSIP: 63968M2R9<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045844.30   | 2.91%             | 2038-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK ARPT TRUST                  | Oklahoma City Airport Trust Revenue Bonds                                                            | CUSIP: 6785353T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209911.08    | 0.58%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INLIVIAN NC MF REVENUE                       | Inlivian Revenue Bonds                                                                               | CUSIP: 45753CAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    974385 | PA      | $635601.89    | 1.77%             | 2042-04-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN               | Tennessee Housing Development Agency Revenue Bonds                                                   | CUSIP: 88046KSX5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    285000 | PA      | $292857.34    | 0.82%             | 2045-07-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHINGTON CNTYS O               | Clackamas & Washington Counties School District No. 3 General Obligation Unlimited                   | CUSIP: 178882NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $639647.80    | 1.78%             | 2048-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                | Westchester County Local Development Corp. Revenue Bonds                                             | CUSIP: 95737TFR2<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    750000 | PA      | $797040.90    | 2.22%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CA CMNTY CLG DI               | San Bernardino Community College District General Obligation Unlimited                               | CUSIP: 796720RZ5<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $584295.00    | 1.63%             | 2049-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMPTON CA UNIF SCH DIST                     | Compton Unified School District General Obligation Unlimited                                         | CUSIP: 204736FM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $513573.10    | 1.43%             | 2040-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX TOLL ROAD RE               | County of Fort Bend Texas Toll Road Revenue Revenue Bonds                                            | CUSIP: 346817FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263517.00    | 0.73%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT               | Michigan State Housing Development Authority Revenue Bonds                                           | CUSIP: 594654ET8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198565.54    | 0.55%             | 2034-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                     | School District of Philadelphia General Obligation Limited                                           | CUSIP: 717883A69<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    575000 | PA      | $608825.64    | 1.70%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA PUBLIC UTILI               | Snohomish County Public Utility District No. 1 Electric System Revenue Revenue Bonds                 | CUSIP: 833102F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064156.10   | 2.97%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                 | Illinois Finance Authority Revenue Bonds                                                             | CUSIP: 45204FK79<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407342.40    | 1.14%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue Bo | CUSIP: 592114AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $164065.36    | 0.46%             | 2037-12-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF               | Pennsylvania Housing Finance Agency Revenue Bonds                                                    | CUSIP: 70879QV91<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205285.10    | 0.57%             | 2053-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR               | Puerto Rico Sales Tax Financing Corporation Sales Tax Revenue Revenue Bonds                          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | CORP              | PR        |    350000 | PA      | $337775.17    | 0.94%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION                | Texas Municipal Gas Acquisition and Supply Corporation I Revenue Bonds                               | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66373.48     | 0.18%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA               | Central Puget Sound Regional Transit Authority Revenue Bonds                                         | CUSIP: 155048DK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201619.00    | 0.56%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency Revenue Bonds                                               | CUSIP: 57585BPA0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508311.95    | 1.42%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF KANSAS KS HOSP AUTH HL               | University of Kansas Hospital Authority Revenue Bonds                                                | CUSIP: 914367FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101199.67    | 0.28%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES               | New York State Dormitory Authority Revenue Bonds                                                     | CUSIP: 64985SKB8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527549.45    | 1.47%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH                | American Municipal Power, Inc. Revenue Bonds                                                         | CUSIP: 02765UKK9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200202.82    | 0.56%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency Revenue Bonds                                               | CUSIP: 57585BMH8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     90000 | PA      | $101370.20    | 0.28%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION               | Missouri Housing Development Commission Revenue Bonds                                                | CUSIP: 60637GME6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502930.70    | 1.40%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS               | Oklahoma Development Finance Authority Revenue Bonds                                                 | CUSIP: 67884XCC9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    350000 | PA      | $365325.17    | 1.02%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R               | Central Texas Regional Mobility Authority Revenue Bonds                                              | CUSIP: 155498HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101582.07    | 0.28%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE CA ELEM SCH DIST                    | Westside Elementary School District General Obligation Unlimited                                     | CUSIP: 961453BX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $158196.32    | 0.44%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   2375000 | OU      | $3164.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH                   | Columbia County Hospital Authority Revenue Bonds                                                     | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511348.20    | 1.42%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF               | Pennsylvania Housing Finance Agency Revenue Bonds                                                    | CUSIP: 70879QUG6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    740000 | PA      | $771481.15    | 2.15%             | 2038-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION               | Missouri Housing Development Commission Revenue Bonds                                                | CUSIP: 60637GKN8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516790.55    | 1.44%             | 2055-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G               | Central Plains Energy Project Revenue Bonds                                                          | CUSIP: 154871CE5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211161.70    | 0.59%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES               | New York State Dormitory Authority Revenue Bonds                                                     | CUSIP: 64985SJD6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307412.10    | 0.86%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL MONTE CA UNION HIGH SCH DIS               | El Monte Union High School District General Obligation Unlimited                                     | CUSIP: 283353UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $218692.20    | 0.61%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MF               | Freddie Mac Multifamily VRD Certificates Revenue Bonds                                               | CUSIP: 31350ADA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144232.92    | 0.40%             | 2029-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH               | West Virginia Hospital Finance Authority Revenue Bonds                                               | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212040.76    | 0.59%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                        | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |   -600000 | OU      | $-7894.82     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHL               | Louisiana Public Facilities Authority Revenue Bonds                                                  | CUSIP: 54639TDV1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517921.90    | 1.44%             | 2065-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARION & POLK CNTYS OR SCH DIS               | Salem-Keizer School District No. 24J General Obligation Unlimited                                    | CUSIP: 569203NT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $625964.75    | 1.74%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC               | Downtown Revitalization Public Infrastructure District Revenue Bonds                                 | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267519.43    | 0.75%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT               | California Statewide Communities Development Authority Revenue Bonds                                 | CUSIP: 13080SM76<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514690.30    | 1.43%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue Bo | CUSIP: 592114AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1497578 | PA      | $1019198.09   | 2.84%             | 2045-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN               | New Hope Cultural Education Facilities Finance Corp. Revenue Bonds                                   | CUSIP: 645424BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539821.35    | 1.50%             | 2049-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU               | Louisiana Public Facilities Authority Revenue Bonds                                                  | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5022.92      | 0.01%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development Revenue Bonds                                      | CUSIP: 717901CB6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537948.60    | 1.50%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHINGTON CNTYS O               | Clackamas & Washington Counties School District No. 3 General Obligation Unlimited                   | CUSIP: 178882NK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $114182.28    | 0.32%             | 2050-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH               | West Virginia Hospital Finance Authority Revenue Bonds                                               | CUSIP: 956622N67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302030.07    | 0.84%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL               | Rhode Island Health and Educational Building Corp. Revenue Bonds                                     | CUSIP: 762244NJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510607.90    | 1.42%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency Revenue Bonds                                               | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514928.55    | 1.43%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A               | California Enterprise Development Authority Revenue Bonds                                            | CUSIP: 13069AAX6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260103.68    | 0.72%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST SCH OF MINES INSTN               | Colorado School of Mines Revenue Bonds                                                               | CUSIP: 19658QDH7<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100453.46    | 0.28%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO