# EDGAR Filing Document

**Accession Number:** 0000899148
**File Stem:** 0000913181-26-000011
**Filing Date:** 2026-1
**Character Count:** 1100620
**Document Hash:** 1f44023cde765e78bdd8509e1dcc4388
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000011.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000913181-26-000011

**CONFORMED SUBMISSION TYPE**: N-CEN/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**EFFECTIVENESS DATE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000899148

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-CEN/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07584
- **FILM NUMBER:** 26562942

**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:** RYDEX DYNAMIC FUNDS
- **DATE OF NAME CHANGE:** 20170712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES FUNDS
- **DATE OF NAME CHANGE:** 20000229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### U.S. Government Money Market Fund (Series ID: S000003657)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000113321 | Money Market Class Shares | RYFXX           |

### Banking Fund (Series ID: S000003683)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010303 | Investor Class | RYKIX           |
| C000010304 | Class H        | RYKAX           |
| C000010305 | Class A        | RYBKX           |
| C000010306 | Class C        | RYKCX           |

### Government Long Bond 1.2x Strategy Fund (Series ID: S000003684)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010307 | Investor Class | RYGBX           |
| C000010309 | Class A        | RYABX           |
| C000010310 | Class C        | RYCGX           |
| C000149021 | Class H        | RYHBX           |

### Mid-Cap 1.5x Strategy Fund (Series ID: S000003685)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010311 | Class H      | RYMDX           |
| C000010312 | Class A      | RYAHX           |
| C000010313 | Class C      | RYDCX           |

### S&P 500 Pure Value Fund (Series ID: S000003688)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010320 | Class H      | RYZAX           |
| C000010321 | Class A      | RYLVX           |
| C000010322 | Class C      | RYVVX           |

### S&P 500 Pure Growth Fund (Series ID: S000003689)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010323 | Class H      | RYAWX           |
| C000010324 | Class A      | RYLGX           |
| C000010325 | Class C      | RYGRX           |

### Inverse Government Long Bond Strategy Fund (Series ID: S000003690)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010326 | Investor Class | RYJUX           |
| C000010328 | Class A        | RYAQX           |
| C000010329 | Class C        | RYJCX           |
| C000149022 | Class H        | RYHJX           |

### Nova Fund (Series ID: S000003691)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010330 | Investor Class | RYNVX           |
| C000010332 | Class A        | RYANX           |
| C000010333 | Class C        | RYNCX           |
| C000149023 | Class H        | RYNHX           |

### Inverse S&P 500 Strategy Fund (Series ID: S000003692)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010334 | Investor Class | RYURX           |
| C000010336 | Class A        | RYARX           |
| C000010337 | Class C        | RYUCX           |
| C000149024 | Class H        | RYUHX           |

### NASDAQ-100 Fund (Series ID: S000003693)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010338 | Investor Class | RYOCX           |
| C000010340 | Class A        | RYATX           |
| C000010341 | Class C        | RYCOX           |
| C000149025 | Class H        | RYHOX           |

### Inverse NASDAQ-100 Strategy Fund (Series ID: S000003694)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010342 | Investor Class | RYAIX           |
| C000010344 | Class A        | RYAPX           |
| C000010345 | Class C        | RYACX           |
| C000149026 | Class H        | RYALX           |

### Europe 1.25x Strategy Fund (Series ID: S000003695)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010346 | Class H      | RYEUX           |
| C000010347 | Class A      | RYAEX           |
| C000010348 | Class C      | RYCEX           |

### Russell 2000 1.5x Strategy Fund (Series ID: S000003697)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010352 | Class H      | RYMKX           |
| C000010353 | Class A      | RYAKX           |
| C000010354 | Class C      | RYCMX           |

### S&P SmallCap 600 Pure Value Fund (Series ID: S000003760)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010429 | Class H      | RYAZX           |
| C000010430 | Class A      | RYSVX           |
| C000010431 | Class C      | RYYCX           |

### Weakening Dollar 2x Strategy Fund (Series ID: S000003761)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010432 | Class H      | RYWBX           |
| C000010433 | Class A      | RYWDX           |
| C000010434 | Class C      | RYWJX           |

### S&P SmallCap 600 Pure Growth Fund (Series ID: S000003768)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010445 | Class H      | RYWAX           |
| C000010446 | Class A      | RYSGX           |
| C000010447 | Class C      | RYWCX           |

### S&P MidCap 400 Pure Value Fund (Series ID: S000003769)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010448 | Class H      | RYAVX           |
| C000010449 | Class A      | RYMVX           |
| C000010450 | Class C      | RYMMX           |

### S&P MidCap 400 Pure Growth Fund (Series ID: S000003770)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010451 | Class H      | RYBHX           |
| C000010452 | Class A      | RYMGX           |
| C000010453 | Class C      | RYCKX           |

### Inverse Mid-Cap Strategy Fund (Series ID: S000003771)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010454 | Class H      | RYMHX           |
| C000010455 | Class A      | RYAGX           |
| C000010456 | Class C      | RYCLX           |

### Inverse Russell 2000 Strategy Fund (Series ID: S000003772)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010457 | Class H      | RYSHX           |
| C000010458 | Class A      | RYAFX           |
| C000010459 | Class C      | RYCQX           |

### Real Estate Fund (Series ID: S000003773)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010460 | Class H      | RYHRX           |
| C000010461 | Class A      | RYREX           |
| C000010462 | Class C      | RYCRX           |

### Strengthening Dollar 2x Strategy Fund (Series ID: S000003775)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010466 | Class H      | RYSBX           |
| C000010467 | Class A      | RYSDX           |
| C000010468 | Class C      | RYSJX           |

### Precious Metals Fund (Series ID: S000003798)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010578 | Investor Class | RYPMX           |
| C000010579 | Class H        | RYMPX           |
| C000010580 | Class A        | RYMNX           |
| C000010581 | Class C        | RYZCX           |

### Telecommunications Fund (Series ID: S000003799)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010582 | Investor Class | RYMIX           |
| C000010583 | Class H        | RYMAX           |
| C000010584 | Class A        | RYTLX           |
| C000010585 | Class C        | RYCSX           |

### Transportation Fund (Series ID: S000003800)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010586 | Investor Class | RYPIX           |
| C000010587 | Class H        | RYPAX           |
| C000010588 | Class A        | RYTSX           |
| C000010589 | Class C        | RYCNX           |

### Energy Services Fund (Series ID: S000003801)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010590 | Investor Class | RYVIX           |
| C000010591 | Class H        | RYVAX           |
| C000010592 | Class A        | RYESX           |
| C000010593 | Class C        | RYVCX           |

### Biotechnology Fund (Series ID: S000003802)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010594 | Investor Class | RYOIX           |
| C000010595 | Class H        | RYOAX           |
| C000010596 | Class A        | RYBOX           |
| C000010597 | Class C        | RYCFX           |

### Electronics Fund (Series ID: S000003803)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010598 | Investor Class | RYSIX           |
| C000010599 | Class H        | RYSAX           |
| C000010600 | Class A        | RYELX           |
| C000010601 | Class C        | RYSCX           |

### Internet Fund (Series ID: S000003804)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010602 | Investor Class | RYIIX           |
| C000010603 | Class H        | RYIAX           |
| C000010604 | Class A        | RYINX           |
| C000010605 | Class C        | RYICX           |

### Utilities Fund (Series ID: S000003805)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010606 | Investor Class | RYUIX           |
| C000010607 | Class H        | RYAUX           |
| C000010608 | Class A        | RYUTX           |
| C000010609 | Class C        | RYCUX           |

### Energy Fund (Series ID: S000003806)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010610 | Investor Class | RYEIX           |
| C000010611 | Class H        | RYEAX           |
| C000010612 | Class A        | RYENX           |
| C000010613 | Class C        | RYECX           |

### Financial Services Fund (Series ID: S000003807)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010614 | Investor Class | RYFIX           |
| C000010615 | Class H        | RYFAX           |
| C000010616 | Class A        | RYFNX           |
| C000010617 | Class C        | RYFCX           |

### Health Care Fund (Series ID: S000003808)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010618 | Investor Class | RYHIX           |
| C000010619 | Class H        | RYHAX           |
| C000010620 | Class A        | RYHEX           |
| C000010621 | Class C        | RYHCX           |

### Technology Fund (Series ID: S000003809)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010622 | Investor Class | RYTIX           |
| C000010623 | Class H        | RYTAX           |
| C000010624 | Class A        | RYTHX           |
| C000010625 | Class C        | RYCHX           |

### Basic Materials Fund (Series ID: S000003810)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010626 | Investor Class | RYBIX           |
| C000010627 | Class H        | RYBAX           |
| C000010628 | Class A        | RYBMX           |
| C000010629 | Class C        | RYBCX           |

### Consumer Products Fund (Series ID: S000003811)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010630 | Investor Class | RYCIX           |
| C000010631 | Class H        | RYCAX           |
| C000010632 | Class A        | RYPDX           |
| C000010633 | Class C        | RYCPX           |

### Leisure Fund (Series ID: S000003812)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010634 | Investor Class | RYLIX           |
| C000010635 | Class H        | RYLAX           |
| C000010636 | Class A        | RYLSX           |
| C000010637 | Class C        | RYLCX           |

### Retailing Fund (Series ID: S000003813)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010638 | Investor Class | RYRIX           |
| C000010639 | Class H        | RYRAX           |
| C000010640 | Class A        | RYRTX           |
| C000010641 | Class C        | RYRCX           |

### S&P 500 Fund (Series ID: S000012221)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033368 | Class A      | RYSOX           |
| C000033369 | Class C      | RYSYX           |
| C000033370 | Class H      | RYSPX           |

### Russell 2000 Fund (Series ID: S000012222)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033371 | Class A      | RYRRX           |
| C000033372 | Class C      | RYROX           |
| C000033373 | Class H      | RYRHX           |

### High Yield Strategy Fund (Series ID: S000015881)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043615 | Class A      | RYHDX           |
| C000043616 | Class C      | RYHHX           |
| C000043617 | Class H      | RYHGX           |

### Inverse High Yield Strategy Fund (Series ID: S000015882)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043618 | Class A      | RYILX           |
| C000043619 | Class C      | RYIYX           |
| C000043620 | Class H      | RYIHX           |

### Emerging Markets 2x Strategy Fund (Series ID: S000018291)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050422 | Class A      | RYWTX           |
| C000050423 | Class C      | RYWUX           |
| C000050424 | Class H      | RYWVX           |

### Inverse Emerging Markets 2x Strategy Fund (Series ID: S000018292)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050425 | Class A      | RYWWX           |
| C000050426 | Class C      | RYWZX           |
| C000050427 | Class H      | RYWYX           |

### Japan 2x Strategy Fund (Series ID: S000018293)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050428 | Class A      | RYJSX           |
| C000050429 | Class C      | RYJTX           |
| C000050430 | Class H      | RYJHX           |

### Emerging Markets Bond Strategy Fund (Series ID: S000041673)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129378 | Class A      | RYIEX           |
| C000129379 | Class C      | RYFTX           |
| C000129380 | Class H      | RYGTX           |

### Monthly Rebalance NASDAQ-100 2x Strategy Fund (Series ID: S000047391)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000148762 | Class H      | RMQHX           |
| C000148763 | Class A      | RMQAX           |
| C000148764 | Class C      | RMQCX           |

### Dow Jones Industrial Average Fund (Series ID: S000051596)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000162316 | Class H      | RYDHX           |
| C000162317 | Class A      | RYDAX           |
| C000162318 | Class C      | RYDKX           |

## Internal

Ernst & Young LLP 1775 Tysons Boulevard Tysons, VA 22102 Tel: +1 703 747 1000 ey.com

**Report of Independent Registered Public Accounting Firm**

To the Shareholders and Board of Trustees of Rydex Series Funds

In planning and performing our audits of the financial statements of Rydex Series Funds (the "Trust") as of and for the year ended March 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Trust's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Trust's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Trust's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Trust's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of Rydex Series Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Ernst & Young LLP

Tysons, Virginia

May 28, 2025

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN/A
**CIK:** 0000899148

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000003803

**Series ID Record:2**
- **Series ID:** S000018291

**Series ID Record:3**
- **Series ID:** S000003690

**Series ID Record:4**
- **Series ID:** S000003684

**Series ID Record:5**
- **Series ID:** S000003804

**Series ID Record:6**
- **Series ID:** S000003683

**Series ID Record:7**
- **Series ID:** S000003772

**Series ID Record:8**
- **Series ID:** S000003802

**Series ID Record:9**
- **Series ID:** S000003805

**Series ID Record:10**
- **Series ID:** S000003800

**Series ID Record:11**
- **Series ID:** S000003770

**Series ID Record:12**
- **Series ID:** S000003691

**Series ID Record:13**
- **Series ID:** S000018292

**Series ID Record:14**
- **Series ID:** S000003768

**Series ID Record:15**
- **Series ID:** S000003775

**Series ID Record:16**
- **Series ID:** S000003801

**Series ID Record:17**
- **Series ID:** S000003695

**Series ID Record:18**
- **Series ID:** S000003812

**Series ID Record:19**
- **Series ID:** S000003807

**Series ID Record:20**
- **Series ID:** S000051596

**Series ID Record:21**
- **Series ID:** S000003657

**Series ID Record:22**
- **Series ID:** S000003799

**Series ID Record:23**
- **Series ID:** S000041673

**Series ID Record:24**
- **Series ID:** S000003808

**Series ID Record:25**
- **Series ID:** S000003809

**Series ID Record:26**
- **Series ID:** S000003685

**Series ID Record:27**
- **Series ID:** S000015881

**Series ID Record:28**
- **Series ID:** S000003769

**Series ID Record:29**
- **Series ID:** S000015882

**Series ID Record:30**
- **Series ID:** S000018293

**Series ID Record:31**
- **Series ID:** S000012221

**Series ID Record:32**
- **Series ID:** S000003697

**Series ID Record:33**
- **Series ID:** S000003761

**Series ID Record:34**
- **Series ID:** S000003693

**Series ID Record:35**
- **Series ID:** S000003773

**Series ID Record:36**
- **Series ID:** S000003688

**Series ID Record:37**
- **Series ID:** S000003692

**Series ID Record:38**
- **Series ID:** S000047391

**Series ID Record:39**
- **Series ID:** S000003806

**Series ID Record:40**
- **Series ID:** S000003798

**Series ID Record:41**
- **Series ID:** S000003813

**Series ID Record:42**
- **Series ID:** S000003689

**Series ID Record:43**
- **Series ID:** S000003771

**Series ID Record:44**
- **Series ID:** S000003811

**Series ID Record:45**
- **Series ID:** S000012222

**Series ID Record:46**
- **Series ID:** S000003810

**Series ID Record:47**
- **Series ID:** S000003760

**Series ID Record:48**
- **Series ID:** S000003694

**Class ID Record:1**
- **Class ID:** C000010601

**Class ID Record:2**
- **Class ID:** C000010600

**Class ID Record:3**
- **Class ID:** C000010599

**Class ID Record:4**
- **Class ID:** C000010598

**Class ID Record:5**
- **Class ID:** C000050422

**Class ID Record:6**
- **Class ID:** C000050423

**Class ID Record:7**
- **Class ID:** C000050424

**Class ID Record:8**
- **Class ID:** C000010604

**Class ID Record:9**
- **Class ID:** C000010605

**Class ID Record:10**
- **Class ID:** C000010602

**Class ID Record:11**
- **Class ID:** C000010603

**Class ID Record:12**
- **Class ID:** C000010305

**Class ID Record:13**
- **Class ID:** C000010304

**Class ID Record:14**
- **Class ID:** C000010306

**Class ID Record:15**
- **Class ID:** C000010303

**Class ID Record:16**
- **Class ID:** C000010596

**Class ID Record:17**
- **Class ID:** C000010597

**Class ID Record:18**
- **Class ID:** C000010594

**Class ID Record:19**
- **Class ID:** C000010595

**Class ID Record:20**
- **Class ID:** C000010607

**Class ID Record:21**
- **Class ID:** C000010609

**Class ID Record:22**
- **Class ID:** C000010606

**Class ID Record:23**
- **Class ID:** C000010608

**Class ID Record:24**
- **Class ID:** C000010587

**Class ID Record:25**
- **Class ID:** C000010589

**Class ID Record:26**
- **Class ID:** C000010588

**Class ID Record:27**
- **Class ID:** C000010586

**Class ID Record:28**
- **Class ID:** C000010451

**Class ID Record:29**
- **Class ID:** C000010453

**Class ID Record:30**
- **Class ID:** C000010452

**Class ID Record:31**
- **Class ID:** C000050426

**Class ID Record:32**
- **Class ID:** C000050425

**Class ID Record:33**
- **Class ID:** C000050427

**Class ID Record:34**
- **Class ID:** C000010446

**Class ID Record:35**
- **Class ID:** C000010445

**Class ID Record:36**
- **Class ID:** C000010447

**Class ID Record:37**
- **Class ID:** C000010591

**Class ID Record:38**
- **Class ID:** C000010590

**Class ID Record:39**
- **Class ID:** C000010593

**Class ID Record:40**
- **Class ID:** C000010592

**Class ID Record:41**
- **Class ID:** C000010635

**Class ID Record:42**
- **Class ID:** C000010636

**Class ID Record:43**
- **Class ID:** C000010637

**Class ID Record:44**
- **Class ID:** C000010634

**Class ID Record:45**
- **Class ID:** C000010617

**Class ID Record:46**
- **Class ID:** C000010616

**Class ID Record:47**
- **Class ID:** C000010615

**Class ID Record:48**
- **Class ID:** C000010614

**Class ID Record:49**
- **Class ID:** C000010582

**Class ID Record:50**
- **Class ID:** C000010583

**Class ID Record:51**
- **Class ID:** C000010584

**Class ID Record:52**
- **Class ID:** C000010585

**Class ID Record:53**
- **Class ID:** C000010620

**Class ID Record:54**
- **Class ID:** C000010619

**Class ID Record:55**
- **Class ID:** C000010618

**Class ID Record:56**
- **Class ID:** C000010621

**Class ID Record:57**
- **Class ID:** C000010622

**Class ID Record:58**
- **Class ID:** C000010624

**Class ID Record:59**
- **Class ID:** C000010625

**Class ID Record:60**
- **Class ID:** C000010623

**Class ID Record:61**
- **Class ID:** C000010448

**Class ID Record:62**
- **Class ID:** C000010449

**Class ID Record:63**
- **Class ID:** C000010450

**Class ID Record:64**
- **Class ID:** C000033370

**Class ID Record:65**
- **Class ID:** C000033368

**Class ID Record:66**
- **Class ID:** C000033369

**Class ID Record:67**
- **Class ID:** C000010460

**Class ID Record:68**
- **Class ID:** C000010461

**Class ID Record:69**
- **Class ID:** C000010462

**Class ID Record:70**
- **Class ID:** C000010320

**Class ID Record:71**
- **Class ID:** C000010322

**Class ID Record:72**
- **Class ID:** C000010321

**Class ID Record:73**
- **Class ID:** C000010613

**Class ID Record:74**
- **Class ID:** C000010610

**Class ID Record:75**
- **Class ID:** C000010611

**Class ID Record:76**
- **Class ID:** C000010612

**Class ID Record:77**
- **Class ID:** C000010581

**Class ID Record:78**
- **Class ID:** C000010580

**Class ID Record:79**
- **Class ID:** C000010579

**Class ID Record:80**
- **Class ID:** C000010578

**Class ID Record:81**
- **Class ID:** C000010640

**Class ID Record:82**
- **Class ID:** C000010639

**Class ID Record:83**
- **Class ID:** C000010641

**Class ID Record:84**
- **Class ID:** C000010638

**Class ID Record:85**
- **Class ID:** C000010323

**Class ID Record:86**
- **Class ID:** C000010324

**Class ID Record:87**
- **Class ID:** C000010325

**Class ID Record:88**
- **Class ID:** C000010632

**Class ID Record:89**
- **Class ID:** C000010631

**Class ID Record:90**
- **Class ID:** C000010630

**Class ID Record:91**
- **Class ID:** C000010633

**Class ID Record:92**
- **Class ID:** C000033372

**Class ID Record:93**
- **Class ID:** C000033371

**Class ID Record:94**
- **Class ID:** C000033373

**Class ID Record:95**
- **Class ID:** C000010626

**Class ID Record:96**
- **Class ID:** C000010627

**Class ID Record:97**
- **Class ID:** C000010629

**Class ID Record:98**
- **Class ID:** C000010628

**Class ID Record:99**
- **Class ID:** C000010430

**Class ID Record:100**
- **Class ID:** C000010431

**Class ID Record:101**
- **Class ID:** C000010429

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-03-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Rydex Series Funds

- **Item B.1.b - Investment Company Act file number:** 811-07584

- **Item B.1.c - CIK:** 0000899148

- **Item B.1.d - LEI:** 5493004D62WV1EDNTU07

- **Item B.2.a - Street 1:** 702 King Farm Blvd., Suite 200

- **Item B.2.b - City:** Rockville

- **Item B.2.c - State:** MD

- **Item B.2.e - Zip Code:** 20850

- **Item B.2.f - Telephone:** 301-296-5100

- **Item B.2.g - Public Website:** https://www.guggenheiminvestments.com/mf/products

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** MUFG Investor Services (US), LLC

- **b. Street 1:** 805 King Farm Blvd

- **c. City:** Rockville

- **d. State, if applicable:** MD

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 20850

- **g. Telephone number:** 240-614-4800

- **h. Briefly describe the books and records kept at this location:** Records of the Trust's securities and cash

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** Guggenheim

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 51

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                  | Is Interested Person?   | Other Investment Company File Numbers                                                                                              |
|:---|:---|:---|
| Randall C. Barnes     | No                      | 811-21982, 811-23702, 811-09525, 811-08821, 811-22437, 811-02753, 811-22946, 811-22309, 811-01136, 811-21309                       |
| Sandra G. Sponem      | No                      | 811-21982, 811-21145, 811-22946, 811-02753, 811-01136, 811-08821, 811-22309, 811-22437, 811-22542, 811-09525, 811-23702, 811-08839 |
| Ronald E. Toupin, Jr. | No                      | 811-21982, 811-01136, 811-22946, 811-09525, 811-02753, 811-23702, 811-08821, 811-22309, 811-22437                                  |
| Angela Brock-Kyle     | No                      | 811-09525, 811-22946, 811-21982, 811-22309, 811-22437, 811-23702, 811-08821, 811-01136, 811-02753                                  |
| Thomas F. Lydon Jr.   | No                      | 811-09525, 811-21982, 811-02753, 811-01136, 811-23702, 811-08821, 811-22309, 811-22946, 811-22437                                  |
| Amy J. Lee            | Yes                     | 811-22309, 811-22946, 811-02753, 811-23702, 811-01136, 811-08821, 811-21982, 811-22437, 811-09525                                  |
| Ronald A. Nyberg      | No                      | 811-21982, 811-08821, 811-22437, 811-09525, 811-21309, 811-22309, 811-23308, 811-22946, 811-01136, 811-23702, 811-02753            |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Elisabeth Miller

- **b. CRD Number, if any:** 004381813

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

- **d. City:** Rockville

- **e. State, if applicable:** MD

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 20850

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Guggenheim Funds Distributors, LLC

- **ii. SEC file number:** 008-48842

- **iii. CRD number:** 000039805

- **iv. LEI, if any:** 549300YLHACOJHH3DN20

- **v. State, if applicable:** MD

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Ernst & Young LLP

- **b. PCAOB Number:** 42

- **c. LEI, if any:** N/A

- **d. State, if applicable:** VA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Electronics Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Electronics Fund

- **b. Series identification number, if any:** S000003803

- **c. LEI:** 549300D3C8OUGF0S3D85

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010601                                | RYSCX                        |
|                           2 | Class A                 | C000010600                                | RYELX                        |
|                           3 | Class H                 | C000010599                                | RYSAX                        |
|                           4 | Investor                | C000010598                                | RYSIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,478,350.67

- **g. Provide the net income from securities lending activities:** $26,010.35

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,458.16

**Brokers Record: 2**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,512.58

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,497.18

**Brokers Record: 4**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,916.15

**Brokers Record: 5**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,239.39

**Aggregate Commission:** $24,623.46

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $39,789,423.80            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $100,712,728.47           |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $38,180,409.54            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $178,682,561.81

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $111,108,156.32

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| S&P 500 Fund                                  | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Nova Fund                                     | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Technology Fund                               | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Utilities Fund                                | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Technology Fund                               | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Health Care Fund                              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Utilities Fund                                | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Emerging Markets 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Emerging Markets 2x Strategy Fund

- **b. Series identification number, if any:** S000018291

- **c. LEI:** 549300H4ZUX6MBXRD994

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000050422                                | RYWTX                        |
|                           2 | Class C                 | C000050423                                | RYWUX                        |
|                           3 | Class H                 | C000050424                                | RYWVX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $53,853.97

- **g. Provide the net income from securities lending activities:** $908.58

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,483.18

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,989.42

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,435.95

**Aggregate Commission:** $11,908.55

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $327,400,297.72           |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $124,740,941.13           |
| GOLDMAN SACHS & CO. LLC    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $420,223,436.00           |
| BNP Paribas                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $9,107,497.62             |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $130,345,599.96           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,011,817,772.43

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,399,600.26

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Real Estate Fund                              | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Nova Fund                                     | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Nova Fund                                     | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Utilities Fund                                | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| U.S. Government Money Market Fund             | 811-07584         |
| Technology Fund                               | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Technology Fund                               | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - Inverse Government Long Bond Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse Government Long Bond Strategy Fund

- **b. Series identification number, if any:** S000003690

- **c. LEI:** 549300MEBX6MJKGCC831

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010326                                | RYJUX                        |
|                           2 | Class A                 | C000010328                                | RYAQX                        |
|                           3 | Class H                 | C000149022                                | RYHJX                        |
|                           4 | Class C                 | C000010329                                | RYJCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,154.98

**Aggregate Commission:** $1,154.98

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Capital Markets Corp., New York Branch | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $4,566,034.22             |
| CastleOak Securities, LP                   | 8-65786           |    000125334 | 549300MXL7C60HZ59S65 | NY      | US        | $23,996,620.00            |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $984,902,961.96           |
| Citigroup Global Markets Inc.              | 8-8177            |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $2,096,282.13             |
| BARCLAYS CAPITAL INC.                      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $2,090,731,528.24         |
| MIZUHO SECURITIES USA LLC                  | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $1,852,364,952.58         |
| Nomura Securities International, Inc.      | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $55,287,166.08            |
| Morgan Stanley & Co. LLC                   | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $4,976,533.33             |
| BOFA SECURITIES, INC.                      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $394,046,825.52           |
| Academy Securities, Inc.                   | 8-35173           |    000017433 | 2549000QX6RLQOZ2XC11 | NY      | US        | $4,964,208.53             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,419,126,896.59

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $17,989,241.01

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Technology Fund                               | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Transportation Fund                           | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Health Care Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Utilities Fund                                | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| Utilities Fund                                | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Technology Fund                               | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Transportation Fund                           | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Nova Fund                                     | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - Government Long Bond 1.2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Government Long Bond 1.2x Strategy Fund

- **b. Series identification number, if any:** S000003684

- **c. LEI:** 549300LDVIAAU00XRD49

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010310                                | RYCGX                        |
|                           2 | Class A                 | C000010309                                | RYABX                        |
|                           3 | Class H                 | C000149021                                | RYHBX                        |
|                           4 | Investor                | C000010307                                | RYGBX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,801.43

**Aggregate Commission:** $4,801.43

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Capital Markets Corp., New York Branch | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $4,991,804.17             |
| Nomura Securities International, Inc.      | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $1,999,298.33             |
| BARCLAYS CAPITAL INC.                      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $171,585,753.16           |
| MIZUHO SECURITIES USA LLC                  | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $740,849,297.19           |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $238,615,417.21           |
| BOFA SECURITIES, INC.                      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $96,820,851.70            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,254,862,421.76

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $28,280,924.94

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Banking Fund                                  | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Russell 2000 Fund                             | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Financial Services Fund                       | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Energy Fund                                   | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Banking Fund                                  | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Nova Fund                                     | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Technology Fund                               | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Internet Fund                                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Technology Fund                               | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 5 - Internet Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Internet Fund

- **b. Series identification number, if any:** S000003804

- **c. LEI:** 549300F6YDL8OMTD9895

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010604                                | RYINX                        |
|                           2 | Class C                 | C000010605                                | RYICX                        |
|                           3 | Investor                | C000010602                                | RYIIX                        |
|                           4 | Class H                 | C000010603                                | RYIAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $104,135.09

- **g. Provide the net income from securities lending activities:** $2,120.61

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $909.02

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,288.30

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,830.76

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,497.14

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,112.23

**Aggregate Commission:** $11,637.45

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $5,383,123.75             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | WA      | US        | $77,122.50                |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $14,122,347.42            |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $5,621,785.04             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $25,204,378.71

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $15,477,915.82

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Technology Fund                               | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| U.S. Government Money Market Fund             | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Transportation Fund                           | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Electronics Fund                              | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Technology Fund                               | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Retailing Fund                                | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Consumer Products Fund                        | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - Banking Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Banking Fund

- **b. Series identification number, if any:** S000003683

- **c. LEI:** 549300JGYZB0E0PR6F56

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010305                                | RYBKX                        |
|                           2 | Class H                 | C000010304                                | RYKAX                        |
|                           3 | Class C                 | C000010306                                | RYKCX                        |
|                           4 | Investor                | C000010303                                | RYKIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $168,714.18

- **g. Provide the net income from securities lending activities:** $1,551.83

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $95.60

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,894.83

**Brokers Record: 3**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $316.80

**Brokers Record: 4**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,932.45

**Brokers Record: 5**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,784.38

**Brokers Record: 6**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,613.47

**Aggregate Commission:** $21,637.53

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $11,573,216.39            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $4,576,466.99             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $4,459,735.94             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $20,609,419.32

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $17,283,489.64

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Basic Materials Fund                          | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Consumer Products Fund                        | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Technology Fund                               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| Technology Fund                               | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Transportation Fund                           | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Energy Fund                                   | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Energy Services Fund                          | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Real Estate Fund                              | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Utilities Fund                                | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 7 - Inverse Russell 2000 Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse Russell 2000 Strategy Fund

- **b. Series identification number, if any:** S000003772

- **c. LEI:** 549300BHH0G8TE0M4J77

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010458                                | RYAFX                        |
|                           2 | Class C                 | C000010459                                | RYCQX                        |
|                           3 | Class H                 | C000010457                                | RYSHX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $49.36

**Aggregate Commission:** $49.36

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $15,325,738.74            |
| BNY MELLON CAPITAL MARKETS, LLC            | 8-35255           | 000017454    | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $49,508.25                |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $148,314.65               |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $170,339,571.85           |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $5,263,015.24             |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $123,968.53               |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $63,919,158.66            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $67,033,837.90            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $322,203,113.82

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,095,620.58

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| S&P 500 Pure Value Fund                       | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Technology Fund                               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Electronics Fund                              | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Technology Fund                               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Retailing Fund                                | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Utilities Fund                                | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Health Care Fund                              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Utilities Fund                                | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Nova Fund                                     | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - Biotechnology Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Biotechnology Fund

- **b. Series identification number, if any:** S000003802

- **c. LEI:** 549300YENG103R306541

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010596                                | RYBOX                        |
|                           2 | Class C                 | C000010597                                | RYCFX                        |
|                           3 | Investor                | C000010594                                | RYOIX                        |
|                           4 | Class H                 | C000010595                                | RYOAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,143,940.01

- **g. Provide the net income from securities lending activities:** $7,853.30

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,926.64

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,502.38

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,800.18

**Brokers Record: 4**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,374.24

**Brokers Record: 5**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,910.13

**Brokers Record: 6**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,095.57

**Brokers Record: 7**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,447.65

**Aggregate Commission:** $41,056.79

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $73,756,187.84            |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $27,970,917.54            |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $29,358,988.58            |
| TENDER OFFER               | N/A               | N/A          | N/A                  | MA      | US        | $969,975.00               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $132,056,068.96

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $102,192,858.38

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| High Yield Strategy Fund                      | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Banking Fund                                  | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Technology Fund                               | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Basic Materials Fund                          | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Transportation Fund                           | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Utilities Fund                                | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Electronics Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Technology Fund                               | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Nova Fund                                     | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 9 - Utilities Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Utilities Fund

- **b. Series identification number, if any:** S000003805

- **c. LEI:** 549300MX9ND6Q3VX8378

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010607                                | RYAUX                        |
|                           2 | Class C                 | C000010609                                | RYCUX                        |
|                           3 | Investor                | C000010606                                | RYUIX                        |
|                           4 | Class A                 | C000010608                                | RYUTX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $119,555.50

- **g. Provide the net income from securities lending activities:** $886.28

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,483.02

**Brokers Record: 2**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46.28

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,437.68

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,271.57

**Brokers Record: 5**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,413.21

**Brokers Record: 6**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,102.50

**Brokers Record: 7**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,300.46

**Brokers Record: 8**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,889.47

**Aggregate Commission:** $40,944.19

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $18,550,499.23            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $7,349,623.41             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $7,065,183.81             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $32,965,306.45

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $27,742,943.53

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Electronics Fund                              | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Electronics Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Technology Fund                               | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Biotechnology Fund                            | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Leisure Fund                                  | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Technology Fund                               | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Health Care Fund                              | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Financial Services Fund                       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| High Yield Strategy Fund                      | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 10 - Transportation Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Transportation Fund

- **b. Series identification number, if any:** S000003800

- **c. LEI:** 549300WCHZXLJF6EZG14

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010587                                | RYPAX                        |
|                           2 | Class C                 | C000010589                                | RYCNX                        |
|                           3 | Class A                 | C000010588                                | RYTSX                        |
|                           4 | Investor                | C000010586                                | RYPIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $366,867.22

- **g. Provide the net income from securities lending activities:** $5,218.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,122.88

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $605.34

**Brokers Record: 3**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $453.41

**Brokers Record: 4**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,153.94

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $471.21

**Aggregate Commission:** $5,806.78

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $6,983,095.69             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $2,666,342.10             |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,758,565.15             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $12,408,002.94

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $9,185,952.38

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| U.S. Government Money Market Fund             | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Technology Fund                               | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Nova Fund                                     | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Internet Fund                                 | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Technology Fund                               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Electronics Fund                              | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Retailing Fund                                | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Retailing Fund                                | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 11 - S&P MidCap 400 Pure Growth Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P MidCap 400 Pure Growth Fund

- **b. Series identification number, if any:** S000003770

- **c. LEI:** 549300JDRRKVOEKI6K18

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010451                                | RYBHX                        |
|                           2 | Class C                 | C000010453                                | RYCKX                        |
|                           3 | Class A                 | C000010452                                | RYMGX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $130,388.47

- **g. Provide the net income from securities lending activities:** $289.28

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,535.84

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $104,685.13

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $40,730.74

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,106.36

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $615.07

**Aggregate Commission:** $152,673.14

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $13,820,737.29            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $34,700,829.24            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $13,639,243.09            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $62,160,809.62

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $47,493,605.30

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Technology Fund                               | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Transportation Fund                           | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Financial Services Fund                       | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Technology Fund                               | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Retailing Fund                                | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P 500 Fund                                  | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Energy Fund                                   | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 12 - Nova Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Nova Fund

- **b. Series identification number, if any:** S000003691

- **c. LEI:** 549300RGN4H1V6HLG643

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000149023                                | RYNHX                        |
|                           2 | Class C                 | C000010333                                | RYNCX                        |
|                           3 | Investor                | C000010330                                | RYNVX                        |
|                           4 | Class A                 | C000010332                                | RYANX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $36,444.16

- **g. Provide the net income from securities lending activities:** $108.75

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Nomura Securities International, Inc.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,584.64

**Brokers Record: 2**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,052.49

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $178.37

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,058.92

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,312.88

**Brokers Record: 6**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $101.32

**Aggregate Commission:** $43,288.62

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,908,099,156.88         |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $69,411,954.06            |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,244,686,644.64         |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $1,085,877,199.76         |
| MIZUHO SECURITIES USA LLC                  | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $4,999,266.67             |
| BNY MELLON CAPITAL MARKETS, LLC            | 8-35255           | 000017454    | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $2,096,899.00             |
| CastleOak Securities, LP                   | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $4,999,351.39             |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $22,680,563.92            |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $28,407,003.22            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $760,583,615.17           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,132,210,734.20

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $264,142,828.58

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Banking Fund                                  | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Technology Fund                               | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Utilities Fund                                | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| NASDAQ-100 Fund                               | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Internet Fund                                 | 811-08821         |
| Technology Fund                               | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 13 - Inverse Emerging Markets 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse Emerging Markets 2x Strategy Fund

- **b. Series identification number, if any:** S000018292

- **c. LEI:** 549300XEOQTYPZN81706

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000050426                                | RYWZX                        |
|                           2 | Class A                 | C000050425                                | RYWWX                        |
|                           3 | Class H                 | C000050427                                | RYWYX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $74,089,497.26            |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $19,549,309.44            |
| BNP Paribas                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $2,659,184.86             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $51,373,678.88            |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $20,359,029.22            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $168,030,699.66

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $334,069.87

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Energy Services Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Utilities Fund                                | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Basic Materials Fund                          | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Technology Fund                               | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Commodities Strategy Fund                     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Energy Fund                                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Nova Fund                                     | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Technology Fund                               | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Utilities Fund                                | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Electronics Fund                              | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 14 - S&P SmallCap 600 Pure Growth Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P SmallCap 600 Pure Growth Fund

- **b. Series identification number, if any:** S000003768

- **c. LEI:** 549300CQEU1JTOSDXE65

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010446                                | RYSGX                        |
|                           2 | Class H                 | C000010445                                | RYWAX                        |
|                           3 | Class C                 | C000010447                                | RYWCX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $74,567.77

- **g. Provide the net income from securities lending activities:** $176.28

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $122.13

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,552.12

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,813.82

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,596.95

**Brokers Record: 5**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $78,626.20

**Brokers Record: 6**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $52,989.14

**Aggregate Commission:** $199,700.36

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $5,017,045.65             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $11,309,710.81            |
| TENDER OFFER               | N/A               | N/A          | N/A                  | TX      | US        | $58,000.00                |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $4,429,292.15             |
| Instinet, LLC              | 8-23669           | 000007897    | 549300MGMN3RKMU8FT57 | NY      | US        | $287.01                   |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $20,814,335.62

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $18,326,271.70

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Health Care Fund                              | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Technology Fund                               | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Technology Fund                               | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| NASDAQ-100 Fund                               | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Retailing Fund                                | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Health Care Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Retailing Fund                                | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Utilities Fund                                | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Utilities Fund                                | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Commodities Strategy Fund                     | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Internet Fund                                 | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 15 - Strengthening Dollar 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Strengthening Dollar 2x Strategy Fund

- **b. Series identification number, if any:** S000003775

- **c. LEI:** 549300IEMKZIOF5OOY94

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010467                                | RYSDX                        |
|                           2 | Class C                 | C000010468                                | RYSJX                        |
|                           3 | Class H                 | C000010466                                | RYSBX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,362.00

**Aggregate Commission:** $10,362.00

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC    | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $55,333,589.07            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $416,045,529.13           |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $164,117,930.96           |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $159,809,956.96           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $795,307,006.12

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,404,911.67

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| NASDAQ-100 Fund                               | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Basic Materials Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Telecommunications Fund                       | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Technology Fund                               | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Utilities Fund                                | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Energy Fund                                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Utilities Fund                                | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Transportation Fund                           | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Technology Fund                               | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 16 - Energy Services Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Energy Services Fund

- **b. Series identification number, if any:** S000003801

- **c. LEI:** 549300D57O5QYF1NS042

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010591                                | RYVAX                        |
|                           2 | Investor                | C000010590                                | RYVIX                        |
|                           3 | Class C                 | C000010593                                | RYVCX                        |
|                           4 | Class A                 | C000010592                                | RYESX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $85,950.76

- **g. Provide the net income from securities lending activities:** $492.02

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,744.66

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,657.54

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,674.81

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $995.92

**Brokers Record: 5**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,967.36

**Brokers Record: 6**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $987.35

**Brokers Record: 7**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,885.23

**Aggregate Commission:** $30,912.87

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $2,626,389.82             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $6,878,861.20             |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $2,726,116.10             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | TX      | US        | $170,286.70               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $12,401,653.82

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $7,914,612.32

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Precious Metals Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Energy Services Fund                          | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Utilities Fund                                | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Utilities Fund                                | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Technology Fund                               | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| U.S. Government Money Market Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Technology Fund                               | 811-08821         |
| Electronics Fund                              | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Energy Fund                                   | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Retailing Fund                                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 17 - Europe 1.25x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Europe 1.25x Strategy Fund

- **b. Series identification number, if any:** S000003695

- **c. LEI:** 549300JYFUD05SONF364

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010347                                | RYAEX                        |
|                           2 | Class C                 | C000010348                                | RYCEX                        |
|                           3 | Class H                 | C000010346                                | RYEUX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $98,002.94

- **g. Provide the net income from securities lending activities:** $5,179.72

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,569.13

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $24,448.81

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $80.60

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,201.65

**Aggregate Commission:** $61,300.19

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $101,859,728.07           |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $266,079,725.48           |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $105,513,022.91           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $473,452,476.46

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,697,249.89

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Utilities Fund                                | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Energy Services Fund                          | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Banking Fund                                  | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Consumer Products Fund                        | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Technology Fund                               | 811-08821         |
| Technology Fund                               | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 18 - Leisure Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Leisure Fund

- **b. Series identification number, if any:** S000003812

- **c. LEI:** 5493003JDGD6V23RQC15

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010635                                | RYLAX                        |
|                           2 | Class A                 | C000010636                                | RYLSX                        |
|                           3 | Class C                 | C000010637                                | RYLCX                        |
|                           4 | Investor                | C000010634                                | RYLIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $100,370.78

- **g. Provide the net income from securities lending activities:** $7,380.54

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $486.66

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $600.64

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $895.09

**Brokers Record: 4**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $442.62

**Brokers Record: 5**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,548.72

**Brokers Record: 6**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,088.48

**Aggregate Commission:** $6,062.21

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,387,339.87             |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $6,018,467.83             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $2,294,307.52             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,700,115.22

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $8,878,074.87

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Energy Fund                                   | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Nova Fund                                     | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Technology Fund                               | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Transportation Fund                           | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| NASDAQ-100 Fund                               | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Technology Fund                               | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Transportation Fund                           | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Banking Fund                                  | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 19 - Financial Services Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Financial Services Fund

- **b. Series identification number, if any:** S000003807

- **c. LEI:** 5493003M8ZYZUKN7QN08

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010617                                | RYFCX                        |
|                           2 | Class A                 | C000010616                                | RYFNX                        |
|                           3 | Class H                 | C000010615                                | RYFAX                        |
|                           4 | Investor                | C000010614                                | RYFIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $57,198.38

- **g. Provide the net income from securities lending activities:** $313.53

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,076.89

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,525.01

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $462.68

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,048.78

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $903.86

**Aggregate Commission:** $17,017.22

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $6,185,900.94             |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $15,586,047.66            |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $5,966,209.16             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $27,738,157.76

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $20,620,315.44

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| High Yield Strategy Fund                      | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Banking Fund                                  | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Transportation Fund                           | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Health Care Fund                              | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Internet Fund                                 | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Technology Fund                               | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Biotechnology Fund                            | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Energy Services Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Technology Fund                               | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Transportation Fund                           | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 20 - Dow Jones Industrial Average Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Dow Jones Industrial Average Fund

- **b. Series identification number, if any:** S000051596

- **c. LEI:** 5493007SF2Y5YOUYC080

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000162318                                | RYDKX                        |
|                           2 | Class A                 | C000162317                                | RYDAX                        |
|                           3 | Class H                 | C000162316                                | RYDHX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 9**

- **a. Full name:** GOLDMAN SACHS & CO. LLC

- **b. SEC file number:** 8-129

- **c. CRD number:** 000000361

- **d. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $101.86

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,107.86

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,977.05

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $62.70

**Brokers Record: 4**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $261.79

**Aggregate Commission:** $5,409.40

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $329,835,618.89           |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $131,886,066.39           |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $545,636.16               |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $159,322,575.27           |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $87,944,486.76            |
| Citigroup Global Markets Inc.              | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $24,973.60                |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $7,572,460.70             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $717,131,817.77

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $23,180,596.73

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Health Care Fund                              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Banking Fund                                  | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Technology Fund                               | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Russell 2000 Fund                             | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Energy Fund                                   | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Nova Fund                                     | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| High Yield Strategy Fund                      | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Technology Fund                               | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 21 - U.S. Government Money Market Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** U.S. Government Money Market Fund

- **b. Series identification number, if any:** S000003657

- **c. LEI:** 549300T3SI4DAY1G2P25

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class MM                | C000113321                                | RYFXX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.                      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $4,736,228,350.08         |
| Academy Securities, Inc.                   | 8-35173           |    000017433 | 2549000QX6RLQOZ2XC11 | NY      | US        | $115,742,769.97           |
| MIZUHO SECURITIES USA LLC                  | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $126,014,912.05           |
| Citigroup Global Markets Inc.              | 8-8177            |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $52,920,575.82            |
| DAIWA CAPITAL MARKETS AMERICA INC.         | 8-12242           |    000001576 | M67H5PRC0NQKM73ZAS82 | NY      | US        | $67,708,930.82            |
| Nomura Securities International, Inc.      | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $388,554,697.65           |
| BOFA SECURITIES, INC.                      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $4,576,568,994.00         |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $11,566,153,864.41        |
| BMO Capital Markets Corp., New York Branch | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $319,948,056.34           |
| CastleOak Securities, LP                   | 8-65786           |    000125334 | 549300MXL7C60HZ59S65 | NY      | US        | $128,941,817.76           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $22,198,984,279.87

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $263,565,419.67

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| High Yield Strategy Fund                      | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Banking Fund                                  | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Technology Fund                               | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Transportation Fund                           | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Consumer Products Fund                        | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Technology Fund                               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 22 - Telecommunications Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Telecommunications Fund

- **b. Series identification number, if any:** S000003799

- **c. LEI:** 549300N6G4LRE5IXJH81

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010582                                | RYMIX                        |
|                           2 | Class H                 | C000010583                                | RYMAX                        |
|                           3 | Class A                 | C000010584                                | RYTLX                        |
|                           4 | Class C                 | C000010585                                | RYCSX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $433,098.63

- **g. Provide the net income from securities lending activities:** $8,007.02

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,369.14

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,919.67

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,458.89

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,932.03

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48.00

**Aggregate Commission:** $20,727.73

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $11,681,619.27            |
| TENDER OFFER               | N/A               | N/A          | N/A                  | CA      | US        | $273,986.65               |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $4,453,867.12             |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $4,648,097.85             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $21,057,570.89

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $17,012,718.50

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Internet Fund                                 | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Technology Fund                               | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Technology Fund                               | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Transportation Fund                           | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Internet Fund                                 | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Leisure Fund                                  | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Utilities Fund                                | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P 500 Fund                                  | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 23 - Emerging Markets Bond Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Emerging Markets Bond Strategy Fund

- **b. Series identification number, if any:** S000041673

- **c. LEI:** 5493007HTK1ZMPR37V06

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000129379                                | RYFTX                        |
|                           2 | Class H                 | C000129380                                | RYGTX                        |
|                           3 | Class A                 | C000129378                                | RYIEX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $115.27

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $277.38

**Aggregate Commission:** $392.65

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $73,616,954.88            |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $28,041,510.53            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $29,146,135.52            |
| GOLDMAN SACHS & CO. LLC    | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $6,522,138.69             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $137,326,739.62

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $561,765.03

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Retailing Fund                                | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Utilities Fund                                | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Electronics Fund                              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Technology Fund                               | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Technology Fund                               | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Precious Metals Fund                          | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| NASDAQ-100 Fund                               | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Telecommunications Fund                       | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Transportation Fund                           | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 24 - Health Care Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Health Care Fund

- **b. Series identification number, if any:** S000003808

- **c. LEI:** 549300Z2HV3IEO9VWZ52

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010620                                | RYHEX                        |
|                           2 | Class H                 | C000010619                                | RYHAX                        |
|                           3 | Investor                | C000010618                                | RYHIX                        |
|                           4 | Class C                 | C000010621                                | RYHCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $65,325.01

- **g. Provide the net income from securities lending activities:** $159.71

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $107.76

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $966.14

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,609.46

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,379.02

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,609.87

**Brokers Record: 6**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,580.75

**Aggregate Commission:** $10,253.00

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $7,185,741.69             |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $7,509,434.36             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | CA      | US        | $403,075.70               |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $18,933,761.17            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $34,032,012.92

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $24,898,446.40

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Retailing Fund                                | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Technology Fund                               | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Technology Fund                               | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Basic Materials Fund                          | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| U.S. Government Money Market Fund             | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Transportation Fund                           | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 25 - Technology Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Technology Fund

- **b. Series identification number, if any:** S000003809

- **c. LEI:** 549300H11WXTTBTOKY24

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010622                                | RYTIX                        |
|                           2 | Class A                 | C000010624                                | RYTHX                        |
|                           3 | Class C                 | C000010625                                | RYCHX                        |
|                           4 | Class H                 | C000010623                                | RYTAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $355,132.84

- **g. Provide the net income from securities lending activities:** $763.63

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,851.62

**Brokers Record: 2**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,100.64

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,219.96

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,783.13

**Brokers Record: 5**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $945.03

**Aggregate Commission:** $11,900.38

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $18,171,052.84            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $18,751,622.00            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $47,551,598.23            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $84,474,273.07

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $56,988,659.92

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Utilities Fund                                | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Energy Fund                                   | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Technology Fund                               | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Retailing Fund                                | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Internet Fund                                 | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Retailing Fund                                | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P 500 Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 26 - Mid-Cap 1.5x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Mid-Cap 1.5x Strategy Fund

- **b. Series identification number, if any:** S000003685

- **c. LEI:** 549300U40J1CHXDB9K79

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010312                                | RYAHX                        |
|                           2 | Class H                 | C000010311                                | RYMDX                        |
|                           3 | Class C                 | C000010313                                | RYDCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $32,162.81

- **g. Provide the net income from securities lending activities:** $209.43

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $75.09

**Brokers Record: 2**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.19

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48.67

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,405.61

**Brokers Record: 5**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $156.95

**Brokers Record: 6**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.14

**Aggregate Commission:** $2,686.65

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $337,186.72               |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $124,337,298.42           |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $7,700,238.72             |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $107,869,319.63           |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $148,220.28               |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $271,987,188.40           |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $108,472,011.56           |
| TENDER OFFER                               | N/A               | N/A          | N/A                  | CA      | US        | $105,375.90               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $620,956,839.63

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $13,992,002.50

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Nova Fund                                     | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Technology Fund                               | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Retailing Fund                                | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Technology Fund                               | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Transportation Fund                           | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Health Care Fund                              | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Energy Services Fund                          | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Retailing Fund                                | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Basic Materials Fund                          | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 27 - High Yield Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** High Yield Strategy Fund

- **b. Series identification number, if any:** S000015881

- **c. LEI:** 9LP714THWJRO0RW4E321

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000043617                                | RYHGX                        |
|                           2 | Class C                 | C000043616                                | RYHHX                        |
|                           3 | Class A                 | C000043615                                | RYHDX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $23,648.60

**Brokers Record: 2**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,557.49

**Aggregate Commission:** $36,206.09

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| DAIWA CAPITAL MARKETS AMERICA INC.         | 8-12242           |    000001576 | M67H5PRC0NQKM73ZAS82 | NY      | US        | $37,422,371.11            |
| BARCLAYS CAPITAL INC.                      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $543,503,891.63           |
| GOLDMAN SACHS & CO. LLC                    | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $33,384,656.93            |
| Nomura Securities International, Inc.      | 8-15255           |    000004297 | OXTKY6Q8X53C9ILVV871 | NY      | US        | $94,159,299.97            |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $1,093,315,434.29         |
| Citigroup Global Markets Inc.              | 8-8177            |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $44,607,150.77            |
| BOFA SECURITIES, INC.                      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $448,566,271.89           |
| CastleOak Securities, LP                   | 8-65786           |    000125334 | 549300MXL7C60HZ59S65 | NY      | US        | $80,580,232.42            |
| BMO Capital Markets Corp., New York Branch | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $71,128,006.01            |
| Academy Securities, Inc.                   | 8-35173           |    000017433 | 2549000QX6RLQOZ2XC11 | NY      | US        | $27,586,072.28            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,524,876,109.83

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $36,047,293.41

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Electronics Fund                              | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Technology Fund                               | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Energy Fund                                   | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Electronics Fund                              | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Health Care Fund                              | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P 500 Fund                                  | 811-07584         |
| Technology Fund                               | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Banking Fund                                  | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 28 - S&P MidCap 400 Pure Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P MidCap 400 Pure Value Fund

- **b. Series identification number, if any:** S000003769

- **c. LEI:** 5493006HQXAXWTT0LT49

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010448                                | RYAVX                        |
|                           2 | Class A                 | C000010449                                | RYMVX                        |
|                           3 | Class C                 | C000010450                                | RYMMX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $37,282.53

- **g. Provide the net income from securities lending activities:** $61.41

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,642.94

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $82,518.49

**Brokers Record: 3**

- **i. Full name of broker:** Nomura Securities International, Inc.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20.59

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,121.53

**Brokers Record: 5**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,493.34

**Brokers Record: 6**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.39

**Brokers Record: 7**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,011.29

**Aggregate Commission:** $137,808.57

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $3,566,785.12             |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $3,630,237.65             |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $9,201,137.42             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $16,398,160.19

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $6,679,236.29

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Japan 2x Strategy Fund                        | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Electronics Fund                              | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Real Estate Fund                              | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Technology Fund                               | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Technology Fund                               | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Energy Services Fund                          | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 29 - Inverse High Yield Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse High Yield Strategy Fund

- **b. Series identification number, if any:** S000015882

- **c. LEI:** SCQPAL0SXRZDT2DWGE91

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000043618                                | RYILX                        |
|                           2 | Class C                 | C000043619                                | RYIYX                        |
|                           3 | Class H                 | C000043620                                | RYIHX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,808.80

**Brokers Record: 2**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,764.36

**Aggregate Commission:** $5,573.16

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BMO Capital Markets Corp., New York Branch | 8-34344           |    000016686 | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $1,989,139.37             |
| BARCLAYS CAPITAL INC.                      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $187,948,632.54           |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $488,750,397.52           |
| BOFA SECURITIES, INC.                      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $194,109,277.60           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $872,797,447.03

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,763,218.04

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Nova Fund                                     | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Financial Services Fund                       | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Internet Fund                                 | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Technology Fund                               | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Technology Fund                               | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Health Care Fund                              | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Retailing Fund                                | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Retailing Fund                                | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Banking Fund                                  | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 30 - Japan 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Japan 2x Strategy Fund

- **b. Series identification number, if any:** S000018293

- **c. LEI:** 549300TYQ6P1QBF6GR37

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000050428                                | RYJSX                        |
|                           2 | Class C                 | C000050429                                | RYJTX                        |
|                           3 | Class H                 | C000050430                                | RYJHX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,312.74

**Aggregate Commission:** $2,312.74

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $58,056,657.59            |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $61,088,222.86            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $147,244,815.37           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $266,389,695.82

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,499,876.88

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Telecommunications Fund                       | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Electronics Fund                              | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Banking Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Technology Fund                               | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Commodities Strategy Fund                     | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Technology Fund                               | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Utilities Fund                                | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Leisure Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Internet Fund                                 | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Internet Fund                                 | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Consumer Products Fund                        | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 31 - S&P 500 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P 500 Fund

- **b. Series identification number, if any:** S000012221

- **c. LEI:** 549300B4HPBJ0JTHV043

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000033370                                | RYSPX                        |
|                           2 | Class A                 | C000033368                                | RYSOX                        |
|                           3 | Class C                 | C000033369                                | RYSYX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $36,896.63

- **g. Provide the net income from securities lending activities:** $105.81

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,086.48

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,830.37

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $54.11

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,102.24

**Brokers Record: 5**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $428.84

**Brokers Record: 6**

- **i. Full name of broker:** Nomura Securities International, Inc.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,641.41

**Aggregate Commission:** $26,143.45

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Inc.         | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $32,979,767.73            |
| CastleOak Securities, LP              | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $57,982,957.41            |
| DAIWA CAPITAL MARKETS AMERICA INC.    | 8-12242           | 000001576    | M67H5PRC0NQKM73ZAS82 | NY      | US        | $54,955,476.66            |
| J.P. MORGAN SECURITIES LLC            | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,248,377,877.56         |
| GOLDMAN SACHS & CO. LLC               | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $437,329,293.70           |
| BNY MELLON CAPITAL MARKETS, LLC       | 8-35255           | 000017454    | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $19,971,900.00            |
| BNP Paribas                           | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $47,637,957.48            |
| BARCLAYS CAPITAL INC.                 | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $585,118,530.19           |
| BOFA SECURITIES, INC.                 | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $489,837,904.22           |
| Nomura Securities International, Inc. | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $115,978,965.44           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,141,125,548.55

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $226,055,477.52

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| High Yield Strategy Fund                      | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Retailing Fund                                | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Technology Fund                               | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Nova Fund                                     | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Transportation Fund                           | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Retailing Fund                                | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Commodities Strategy Fund                     | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Banking Fund                                  | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Technology Fund                               | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 32 - Russell 2000 1.5x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Russell 2000 1.5x Strategy Fund

- **b. Series identification number, if any:** S000003697

- **c. LEI:** 5493007KOHKZHLKCRY93

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010352                                | RYMKX                        |
|                           2 | Class C                 | C000010354                                | RYCMX                        |
|                           3 | Class A                 | C000010353                                | RYAKX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $41,928.79

- **g. Provide the net income from securities lending activities:** $1,281.91

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $99.92

**Brokers Record: 2**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.40

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1.57

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $497.72

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.14

**Aggregate Commission:** $599.75

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $85,600,576.80            |
| TENDER OFFER                               | N/A               | N/A          | N/A                  | MI      | US        | $110,759.79               |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $176,502,120.67           |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $396,470.75               |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $296,346.20               |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $42,839,682.86            |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $12,090,300.68            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $70,087,964.08            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $387,924,221.83

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $6,773,030.58

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Utilities Fund                                | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Internet Fund                                 | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Technology Fund                               | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Technology Fund                               | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 33 - Weakening Dollar 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Weakening Dollar 2x Strategy Fund

- **b. Series identification number, if any:** S000003761

- **c. LEI:** 549300HVQE9YLGG0R688

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010434                                | RYWJX                        |
|                           2 | Class H                 | C000010432                                | RYWBX                        |
|                           3 | Class A                 | C000010433                                | RYWDX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,832.20

**Aggregate Commission:** $3,832.20

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $176,353,907.08           |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $69,579,649.25            |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $67,261,145.78            |
| GOLDMAN SACHS & CO. LLC    | 8-129             |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $34,897,040.82            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $348,091,742.93

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,223,711.74

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Technology Fund                               | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Internet Fund                                 | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Health Care Fund                              | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Technology Fund                               | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Electronics Fund                              | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Nova Fund                                     | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Transportation Fund                           | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Internet Fund                                 | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Banking Fund                                  | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Basic Materials Fund                          | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 34 - NASDAQ-100 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** NASDAQ-100 Fund

- **b. Series identification number, if any:** S000003693

- **c. LEI:** 549300H90B18Q2ZKMZ39

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010338                                | RYOCX                        |
|                           2 | Class A                 | C000010340                                | RYATX                        |
|                           3 | Class C                 | C000010341                                | RYCOX                        |
|                           4 | Class H                 | C000149025                                | RYHOX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,256,927.76

- **g. Provide the net income from securities lending activities:** $35,300.47

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,815.32

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,931.52

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $39,252.41

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,178.55

**Aggregate Commission:** $81,177.80

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC            | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $2,280,282,921.24         |
| BARCLAYS CAPITAL INC.                 | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $1,244,461,339.37         |
| GOLDMAN SACHS & CO. LLC               | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $946,366,731.84           |
| Citigroup Global Markets Inc.         | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $139,885,371.60           |
| Nomura Securities International, Inc. | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $503,540,689.53           |
| BNP Paribas                           | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $259,401,628.13           |
| BOFA SECURITIES, INC.                 | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $900,809,824.55           |
| Academy Securities, Inc.              | 8-35173           | 000017433    | 2549000QX6RLQOZ2XC11 | NY      | US        | $95,885,397.91            |
| CastleOak Securities, LP              | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $647,871,005.04           |
| MIZUHO SECURITIES USA LLC             | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $189,280,744.08           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,431,226,590.05

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,840,848,674.10

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Japan 2x Strategy Fund                        | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Utilities Fund                                | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Basic Materials Fund                          | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Technology Fund                               | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Biotechnology Fund                            | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Health Care Fund                              | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Transportation Fund                           | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Electronics Fund                              | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Technology Fund                               | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Nova Fund                                     | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 35 - Real Estate Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Real Estate Fund

- **b. Series identification number, if any:** S000003773

- **c. LEI:** 549300IJUMVSC7CD5507

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010460                                | RYHRX                        |
|                           2 | Class A                 | C000010461                                | RYREX                        |
|                           3 | Class C                 | C000010462                                | RYCRX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $20,022.16

- **g. Provide the net income from securities lending activities:** $240.64

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,435.04

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $228.01

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,452.56

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $379.94

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20.06

**Aggregate Commission:** $5,515.61

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $1,375,861.18             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $3,617,832.62             |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $1,427,682.87             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | CO      | US        | $52,887.52                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $6,474,264.19

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $4,614,192.92

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Health Care Fund                              | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P 500 Fund                                  | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Utilities Fund                                | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Retailing Fund                                | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Internet Fund                                 | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Technology Fund                               | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Precious Metals Fund                          | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Utilities Fund                                | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Electronics Fund                              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Technology Fund                               | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 36 - S&P 500 Pure Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P 500 Pure Value Fund

- **b. Series identification number, if any:** S000003688

- **c. LEI:** 549300N1SWF7NBSBSH83

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010320                                | RYZAX                        |
|                           2 | Class C                 | C000010322                                | RYVVX                        |
|                           3 | Class A                 | C000010321                                | RYLVX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $94,694.15

- **g. Provide the net income from securities lending activities:** $260.86

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $149,856.79

**Brokers Record: 2**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,230.75

**Brokers Record: 3**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,692.93

**Brokers Record: 4**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,997.58

**Brokers Record: 5**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $8,665.49

**Brokers Record: 6**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,815.74

**Aggregate Commission:** $212,259.28

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $6,554,580.93             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $16,572,452.29            |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $6,395,677.47             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | GA      | US        | $154,014.90               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $29,676,725.59

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $21,151,708.89

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Technology Fund                               | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Technology Fund                               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Precious Metals Fund                          | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Utilities Fund                                | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Health Care Fund                              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Consumer Products Fund                        | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Electronics Fund                              | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Nova Fund                                     | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 37 - Inverse S&P 500 Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse S&P 500 Strategy Fund

- **b. Series identification number, if any:** S000003692

- **c. LEI:** 54930069SHUJKSI0T360

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010334                                | RYURX                        |
|                           2 | Class H                 | C000149024                                | RYUHX                        |
|                           3 | Class A                 | C000010336                                | RYARX                        |
|                           4 | Class C                 | C000010337                                | RYUCX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $484.85

**Aggregate Commission:** $484.85

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $695,358,594.80           |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $384,944,541.10           |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $35,989,953.32            |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $347,010,610.52           |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,513,853,083.13         |
| CastleOak Securities, LP                   | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $112,961,769.10           |
| Citigroup Global Markets Inc.              | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $81,369,368.08            |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $200,090,928.20           |
| DAIWA CAPITAL MARKETS AMERICA INC.         | 8-12242           | 000001576    | M67H5PRC0NQKM73ZAS82 | NY      | US        | $13,730,014.22            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $675,741,085.66           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,099,124,210.72

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $40,477,994.84

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Retailing Fund                                | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Utilities Fund                                | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Technology Fund                               | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Technology Fund                               | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Energy Services Fund                          | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Dow 2x Strategy Fund                          | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| High Yield Strategy Fund                      | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Leisure Fund                                  | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 38 - Monthly Rebalance NASDAQ-100 2x Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Monthly Rebalance NASDAQ-100 2x Strategy Fund

- **b. Series identification number, if any:** S000047391

- **c. LEI:** 549300J4VS1JKGRG9J54

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000148764                                | RMQCX                        |
|                           2 | Class H                 | C000148762                                | RMQHX                        |
|                           3 | Class A                 | C000148763                                | RMQAX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $499,085.73

- **g. Provide the net income from securities lending activities:** $10,388.59

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $34,838.25

**Brokers Record: 2**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36,637.21

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $61,451.29

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $405,188.82

**Aggregate Commission:** $538,115.57

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $5,119,536,908.83         |
| CastleOak Securities, LP                   | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $302,785,480.61           |
| MIZUHO SECURITIES USA LLC                  | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $269,179,263.66           |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $13,261,824,845.57        |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $2,018,281,316.38         |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $553,882,622.15           |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $3,506,261,422.12         |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $2,115,978,460.83         |
| DAIWA CAPITAL MARKETS AMERICA INC.         | 8-12242           | 000001576    | M67H5PRC0NQKM73ZAS82 | NY      | US        | $209,885,000.55           |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $664,973,745.56           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $28,450,340,061.20

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $645,568,738.54

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                               | SEC File number   |
|:---|:---|
| Technology Fund                            | 811-08821         |
| S&P 500 2x Strategy Fund                   | 811-08821         |
| Global Managed Futures Strategy Fund       | 811-08821         |
| Basic Materials Fund                       | 811-08821         |
| Russell 2000 1.5x Strategy Fund            | 811-08821         |
| Europe 1.25x Strategy Fund                 | 811-07584         |
| S&P 500 Pure Growth Fund                   | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund        | 811-09525         |
| Retailing Fund                             | 811-07584         |
| Energy Fund                                | 811-07584         |
| Inverse S&P 500 2x Strategy Fund           | 811-09525         |
| Biotechnology Fund                         | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund      | 811-09525         |
| Telecommunications Fund                    | 811-08821         |
| Commodities Strategy Fund                  | 811-08821         |
| Russell 2000 Fund                          | 811-07584         |
| Consumer Products Fund                     | 811-08821         |
| S&P 500 Pure Value Fund                    | 811-08821         |
| Financial Services Fund                    | 811-08821         |
| S&P SmallCap 600 Pure Value Fund           | 811-07584         |
| Precious Metals Fund                       | 811-07584         |
| Inverse Mid-Cap Strategy Fund              | 811-08821         |
| S&P 500 Pure Value Fund                    | 811-07584         |
| Nova Fund                                  | 811-08821         |
| Commodities Strategy Fund                  | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund           | 811-07584         |
| Retailing Fund                             | 811-08821         |
| Inverse Government Long Bond Strategy Fund | 811-07584         |
| Telecommunications Fund                    | 811-07584         |
| Basic Materials Fund                       | 811-07584         |
| Leisure Fund                               | 811-07584         |
| Transportation Fund                        | 811-08821         |
| Inverse Dow 2x Strategy Fund               | 811-08821         |
| Transportation Fund                        | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund  | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                 | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                 | 811-07584         |
| NASDAQ-100 Fund                            | 811-07584         |
| High Yield Strategy Fund                   | 811-08821         |
| Dow 2x Strategy Fund                       | 811-09525         |
| Leisure Fund                               | 811-08821         |
| Weakening Dollar 2x Strategy Fund          | 811-08821         |
| Health Care Fund                           | 811-07584         |
| S&P 500 Fund                               | 811-07584         |
| Electronics Fund                           | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund           | 811-08821         |
| Inverse High Yield Strategy Fund           | 811-07584         |
| Japan 2x Strategy Fund                     | 811-07584         |
| Internet Fund                              | 811-07584         |
| Inverse Dow 2x Strategy Fund               | 811-09525         |
| S&P MidCap 400 Pure Growth Fund            | 811-07584         |
| S&P 500 2x Strategy Fund                   | 811-09525         |
| U.S. Government Money Market Fund          | 811-07584         |
| Inverse Russell 2000 Strategy Fund         | 811-08821         |
| Energy Services Fund                       | 811-07584         |
| Dow Jones Industrial Average Fund          | 811-07584         |
| Energy Services Fund                       | 811-08821         |
| Precious Metals Fund                       | 811-08821         |
| Inverse S&P 500 Strategy Fund              | 811-08821         |
| Europe 1.25x Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund          | 811-07584         |
| Internet Fund                              | 811-08821         |
| Utilities Fund                             | 811-08821         |
| Nova Fund                                  | 811-07584         |
| S&P MidCap 400 Pure Growth Fund            | 811-08821         |
| NASDAQ-100 Fund                            | 811-08821         |
| Electronics Fund                           | 811-08821         |
| Health Care Fund                           | 811-08821         |
| Dow 2x Strategy Fund                       | 811-08821         |
| Inverse S&P 500 Strategy Fund              | 811-07584         |
| S&P 500 Pure Growth Fund                   | 811-07584         |
| Strengthening Dollar 2x Strategy Fund      | 811-07584         |
| Emerging Markets Bond Strategy Fund        | 811-07584         |
| Multi-Hedge Strategies Fund                | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund           | 811-08821         |
| Government Long Bond 1.2x Strategy Fund    | 811-07584         |
| Financial Services Fund                    | 811-07584         |
| Banking Fund                               | 811-07584         |
| Russell 2000 1.5x Strategy Fund            | 811-07584         |
| Inverse Russell 2000 Strategy Fund         | 811-07584         |
| Emerging Markets 2x Strategy Fund          | 811-07584         |
| Strengthening Dollar 2x Strategy Fund      | 811-08821         |
| Energy Fund                                | 811-08821         |
| Technology Fund                            | 811-07584         |
| Multi-Hedge Strategies Fund                | 811-07584         |
| S&P MidCap 400 Pure Value Fund             | 811-08821         |
| Banking Fund                               | 811-08821         |
| Utilities Fund                             | 811-07584         |
| Inverse Government Long Bond Strategy Fund | 811-08821         |
| High Yield Strategy Fund                   | 811-07584         |
| Managed Futures Strategy Fund              | 811-07584         |
| Real Estate Fund                           | 811-07584         |
| NASDAQ-100 2x Strategy Fund                | 811-09525         |
| Russell 2000 2x Strategy Fund              | 811-08821         |
| Japan 2x Strategy Fund                     | 811-08821         |
| Consumer Products Fund                     | 811-07584         |
| Russell 2000 2x Strategy Fund              | 811-09525         |
| Biotechnology Fund                         | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund          | 811-07584         |
| Real Estate Fund                           | 811-08821         |
| Government Long Bond 1.2x Strategy Fund    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                | 811-08821         |
| U.S. Government Money Market Fund          | 811-08821         |
| Inverse Mid-Cap Strategy Fund              | 811-07584         |
| S&P MidCap 400 Pure Value Fund             | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 39 - Energy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Energy Fund

- **b. Series identification number, if any:** S000003806

- **c. LEI:** 5493009JTKG0O3B0IE75

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010613                                | RYECX                        |
|                           2 | Investor                | C000010610                                | RYEIX                        |
|                           3 | Class H                 | C000010611                                | RYEAX                        |
|                           4 | Class A                 | C000010612                                | RYENX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $490,811.22

- **g. Provide the net income from securities lending activities:** $4,122.75

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,682.25

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,405.26

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,518.76

**Brokers Record: 4**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,211.60

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $10,101.82

**Brokers Record: 6**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,106.72

**Brokers Record: 7**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,786.16

**Aggregate Commission:** $64,812.57

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $6,589,030.05             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $6,439,020.19             |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $16,760,211.07            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $29,788,261.31

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $24,669,116.16

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Electronics Fund                              | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Health Care Fund                              | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Technology Fund                               | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Technology Fund                               | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Banking Fund                                  | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Internet Fund                                 | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Nova Fund                                     | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Basic Materials Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Dow 2x Strategy Fund                          | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 40 - Precious Metals Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Precious Metals Fund

- **b. Series identification number, if any:** S000003798

- **c. LEI:** 549300HYX4F1PFGDBK11

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000010581                                | RYZCX                        |
|                           2 | Class A                 | C000010580                                | RYMNX                        |
|                           3 | Class H                 | C000010579                                | RYMPX                        |
|                           4 | Investor                | C000010578                                | RYPMX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,899,506.53

- **g. Provide the net income from securities lending activities:** $8,324.92

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Nomura Securities International, Inc.

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18.35

**Brokers Record: 2**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $69,945.46

**Brokers Record: 3**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $150,976.94

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $53,017.22

**Brokers Record: 5**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $59,016.36

**Brokers Record: 6**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,364.40

**Brokers Record: 7**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $106,525.01

**Brokers Record: 8**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $941.48

**Aggregate Commission:** $454,805.22

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $24,974,917.06            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $65,869,250.53            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $26,167,643.36            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $117,011,810.95

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $81,722,512.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Health Care Fund                              | 811-07584         |
| Technology Fund                               | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Energy Fund                                   | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Transportation Fund                           | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Utilities Fund                                | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Electronics Fund                              | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Technology Fund                               | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Banking Fund                                  | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Financial Services Fund                       | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 41 - Retailing Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Retailing Fund

- **b. Series identification number, if any:** S000003813

- **c. LEI:** 549300BHV8T6NRYI4517

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010640                                | RYRTX                        |
|                           2 | Class H                 | C000010639                                | RYRAX                        |
|                           3 | Class C                 | C000010641                                | RYRCX                        |
|                           4 | Investor                | C000010638                                | RYRIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $37,118.20

- **g. Provide the net income from securities lending activities:** $359.50

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,281.36

**Brokers Record: 2**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $904.69

**Brokers Record: 3**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $266.52

**Brokers Record: 4**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,728.33

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $877.40

**Brokers Record: 6**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $212.92

**Aggregate Commission:** $6,271.22

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $7,535,876.45             |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $2,872,429.64             |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,971,985.40             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $13,380,291.49

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $9,245,419.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Utilities Fund                                | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Telecommunications Fund                       | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Utilities Fund                                | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Banking Fund                                  | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Health Care Fund                              | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Technology Fund                               | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Technology Fund                               | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Consumer Products Fund                        | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 42 - S&P 500 Pure Growth Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P 500 Pure Growth Fund

- **b. Series identification number, if any:** S000003689

- **c. LEI:** 549300TFPQCTQW8FX819

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010323                                | RYAWX                        |
|                           2 | Class A                 | C000010324                                | RYLGX                        |
|                           3 | Class C                 | C000010325                                | RYGRX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $33,641.47

- **g. Provide the net income from securities lending activities:** $127.83

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,204.51

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,919.02

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,693.36

**Brokers Record: 4**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,941.09

**Brokers Record: 5**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,423.34

**Aggregate Commission:** $86,181.32

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $23,695,779.57            |
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $62,342,314.95            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $24,622,438.56            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $110,660,533.08

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $72,142,426.70

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Real Estate Fund                              | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Banking Fund                                  | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Electronics Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Health Care Fund                              | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Precious Metals Fund                          | 811-07584         |
| Technology Fund                               | 811-07584         |
| Banking Fund                                  | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Technology Fund                               | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Internet Fund                                 | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Biotechnology Fund                            | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| NASDAQ-100 Fund                               | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Energy Fund                                   | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 43 - Inverse Mid-Cap Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse Mid-Cap Strategy Fund

- **b. Series identification number, if any:** S000003771

- **c. LEI:** 54930037B8QM4B0GQX38

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000010454                                | RYMHX                        |
|                           2 | Class A                 | C000010455                                | RYAGX                        |
|                           3 | Class C                 | C000010456                                | RYCLX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $24,687.65                |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $3,709,998.24             |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $672,406.30               |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $16,178,482.42            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $16,537,798.22            |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $41,996,797.01            |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $89,702.80                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $79,209,872.64

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $361,122.77

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Energy Services Fund                          | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Financial Services Fund                       | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Energy Fund                                   | 811-08821         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Energy Services Fund                          | 811-08821         |
| Basic Materials Fund                          | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Technology Fund                               | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Russell 2000 Fund                             | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Transportation Fund                           | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Japan 2x Strategy Fund                        | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Nova Fund                                     | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Technology Fund                               | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Dow 2x Strategy Fund                          | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Banking Fund                                  | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 44 - Consumer Products Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Consumer Products Fund

- **b. Series identification number, if any:** S000003811

- **c. LEI:** 549300LM3MYPTR24ET11

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010632                                | RYPDX                        |
|                           2 | Class H                 | C000010631                                | RYCAX                        |
|                           3 | Investor                | C000010630                                | RYCIX                        |
|                           4 | Class C                 | C000010633                                | RYCPX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $205,151.57

- **g. Provide the net income from securities lending activities:** $866.54

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,310.49

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,069.68

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,330.02

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,774.20

**Brokers Record: 5**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,156.28

**Aggregate Commission:** $13,640.67

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $29,742,182.74            |
| BARCLAYS CAPITAL INC.      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $11,370,679.41            |
| BOFA SECURITIES, INC.      | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $11,653,858.66            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $52,766,720.81

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $50,614,064.37

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| NASDAQ-100 Fund                               | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Real Estate Fund                              | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Energy Fund                                   | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Commodities Strategy Fund                     | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Managed Futures Strategy Fund                 | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Health Care Fund                              | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Technology Fund                               | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Nova Fund                                     | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Health Care Fund                              | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Internet Fund                                 | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Technology Fund                               | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Real Estate Fund                              | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Leisure Fund                                  | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Biotechnology Fund                            | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Utilities Fund                                | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 45 - Russell 2000 Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Russell 2000 Fund

- **b. Series identification number, if any:** S000012222

- **c. LEI:** 549300LUD3TXC44YIW26

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class C                 | C000033372                                | RYROX                        |
|                           2 | Class A                 | C000033371                                | RYRRX                        |
|                           3 | Class H                 | C000033373                                | RYRHX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $855,558.55

- **g. Provide the net income from securities lending activities:** $5,995.28

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,370.00

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2.74

**Brokers Record: 3**

- **i. Full name of broker:** Sanford C. Bernstein & Co., LLC

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1.39

**Brokers Record: 4**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.70

**Brokers Record: 5**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,200.95

**Aggregate Commission:** $2,575.78

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC               | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $141,579,415.01           |
| BOFA SECURITIES, INC.                 | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $339,168,925.12           |
| Academy Securities, Inc.              | 8-35173           | 000017433    | 2549000QX6RLQOZ2XC11 | NY      | US        | $24,996,684.72            |
| MIZUHO SECURITIES USA LLC             | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $7,998,831.11             |
| BARCLAYS CAPITAL INC.                 | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $377,751,613.00           |
| J.P. MORGAN SECURITIES LLC            | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $862,160,642.87           |
| Nomura Securities International, Inc. | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $17,130,956.95            |
| Citigroup Global Markets Inc.         | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $11,997,834.72            |
| BNP Paribas                           | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $37,476,143.82            |
| TD SECURITIES (USA) LLC               | 8-36747           | 000018476    | SUVUFHICNZMP2WKHG940 | NY      | US        | $12,998,335.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,841,983,128.27

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $19,923,879.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Energy Fund                                   | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Retailing Fund                                | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Internet Fund                                 | 811-08821         |
| U.S. Government Money Market Fund             | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Transportation Fund                           | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Retailing Fund                                | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Banking Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Utilities Fund                                | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Precious Metals Fund                          | 811-08821         |
| Technology Fund                               | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Health Care Fund                              | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Technology Fund                               | 811-08821         |
| NASDAQ-100 Fund                               | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Internet Fund                                 | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Basic Materials Fund                          | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Commodities Strategy Fund                     | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 46 - Basic Materials Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Basic Materials Fund

- **b. Series identification number, if any:** S000003810

- **c. LEI:** 549300YPLNQ2043PJL53

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor                | C000010626                                | RYBIX                        |
|                           2 | Class H                 | C000010627                                | RYBAX                        |
|                           3 | Class C                 | C000010629                                | RYBCX                        |
|                           4 | Class A                 | C000010628                                | RYBMX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $475,206.53

- **g. Provide the net income from securities lending activities:** $9,901.57

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $49.88

**Brokers Record: 2**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,774.99

**Brokers Record: 3**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,320.55

**Brokers Record: 4**

- **i. Full name of broker:** Leerink Partners LLC

- **ii. SEC file number:** 8-48535

- **iii. CRD number:** 000039011

- **iv. LEI, if any:** 549300AAH7U76CEUBI94

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $958.22

**Brokers Record: 5**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,763.38

**Aggregate Commission:** $8,867.02

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $6,682,723.48             |
| TENDER OFFER               | N/A               | N/A          | N/A                  | GA      | US        | $692,926.77               |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $7,012,851.58             |
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $17,616,529.54            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $32,005,031.37

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $26,724,033.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| NASDAQ-100 Fund                               | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Nova Fund                                     | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Banking Fund                                  | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Banking Fund                                  | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Precious Metals Fund                          | 811-07584         |
| Internet Fund                                 | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Technology Fund                               | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| High Yield Strategy Fund                      | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| Health Care Fund                              | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Consumer Products Fund                        | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Transportation Fund                           | 811-07584         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P 500 Fund                                  | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Electronics Fund                              | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Consumer Products Fund                        | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Russell 2000 Fund                             | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Commodities Strategy Fund                     | 811-07584         |
| Technology Fund                               | 811-07584         |
| Commodities Strategy Fund                     | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Nova Fund                                     | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Utilities Fund                                | 811-07584         |
| Basic Materials Fund                          | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 47 - S&P SmallCap 600 Pure Value Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P SmallCap 600 Pure Value Fund

- **b. Series identification number, if any:** S000003760

- **c. LEI:** 549300MMYTIE2GTC4P77

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class A                 | C000010430                                | RYSVX                        |
|                           2 | Class C                 | C000010431                                | RYYCX                        |
|                           3 | Class H                 | C000010429                                | RYAZX                        |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $134,528.80

- **g. Provide the net income from securities lending activities:** $2,273.12

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $104,997.87

**Brokers Record: 2**

- **i. Full name of broker:** BARCLAYS CAPITAL INC.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,272.41

**Brokers Record: 3**

- **i. Full name of broker:** BOFA SECURITIES, INC.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,116.38

**Brokers Record: 4**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $105,833.11

**Brokers Record: 5**

- **i. Full name of broker:** CANTOR FITZGERALD & CO.

- **ii. SEC file number:** 8-201

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,339.09

**Brokers Record: 6**

- **i. Full name of broker:** Roth Capital Partners

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $0.10

**Aggregate Commission:** $216,558.96

**Item C.17.a. Principal transaction counterparties.**

| Name                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. MORGAN SECURITIES LLC | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $12,920,708.03            |
| TENDER OFFER               | N/A               | N/A          | N/A                  | AL      | US        | $367,787.17               |
| BOFA SECURITIES, INC.      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $5,041,549.84             |
| BARCLAYS CAPITAL INC.      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $5,119,154.81             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $23,449,199.85

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $15,469,035.08

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Banking Fund                                  | 811-08821         |
| Technology Fund                               | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Fund                                   | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Energy Services Fund                          | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Russell 2000 Fund                             | 811-07584         |
| Utilities Fund                                | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Financial Services Fund                       | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Electronics Fund                              | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Retailing Fund                                | 811-07584         |
| Precious Metals Fund                          | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| Nova Fund                                     | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Commodities Strategy Fund                     | 811-08821         |
| NASDAQ-100 Fund                               | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Nova Fund                                     | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| NASDAQ-100 Fund                               | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Health Care Fund                              | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| Health Care Fund                              | 811-07584         |
| Electronics Fund                              | 811-07584         |
| Financial Services Fund                       | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Multi-Hedge Strategies Fund                   | 811-07584         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Inverse NASDAQ-100 Strategy Fund              | 811-07584         |
| Retailing Fund                                | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Telecommunications Fund                       | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| U.S. Government Money Market Fund             | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Telecommunications Fund                       | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| Banking Fund                                  | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Technology Fund                               | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Leisure Fund                                  | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Biotechnology Fund                            | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |

- **v. Did the Fund draw on the line of credit this period?** —

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 48 - Inverse NASDAQ-100 Strategy Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Inverse NASDAQ-100 Strategy Fund

- **b. Series identification number, if any:** S000003694

- **c. LEI:** 5493001NDQKSZDPMJP48

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Class H                 | C000149026                                | RYALX                        |
|                           2 | Class A                 | C000010344                                | RYAPX                        |
|                           3 | Class C                 | C000010345                                | RYACX                        |
|                           4 | Investor                | C000010342                                | RYAIX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Security Investors, LLC

- **ii. SEC file number:** 801-8008

- **iii. CRD number:** 000105477

- **iv. LEI, if any:** 549300R47VF4XGNEC751

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **ii. SEC file number:** 084-05475

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MD

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** MUFG Investor Services (US), LLC

- **iii. State, if applicable:** MD

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Sammons Financial Network LLC

- **b. SEC file number:** 8-68905

- **c. CRD number:** 000158538

- **d. LEI, if any:** N/A

- **e. State, if applicable:** IA

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Guggenheim Investor Services, LLC

- **b. SEC file number:** 8-44742

- **c. CRD number:** 000030096

- **d. LEI, if any:** N/A

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Guggenheim Funds Distributors, LLC

- **b. SEC file number:** 8-48842

- **c. CRD number:** 000039805

- **d. LEI, if any:** 549300YLHACOJHH3DN20

- **e. State, if applicable:** IL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** GUGGENHEIM SECURITIES, LLC

- **b. SEC file number:** 8-49107

- **c. CRD number:** 000040638

- **d. LEI, if any:** 5493005G25VHYWLYJU59

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Guggenheim Partners Japan, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Guggenheim Partners Middle East Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 7**

- **a. Full name:** Guggenheim Securities Europe Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 8**

- **a. Full name:** Guggenheim Securities International Ltd

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** GOLDMAN SACHS & CO. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $184.54

**Aggregate Commission:** $184.54

**Item C.17.a. Principal transaction counterparties.**

| Name                                       | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| DAIWA CAPITAL MARKETS AMERICA INC.         | 8-12242           | 000001576    | M67H5PRC0NQKM73ZAS82 | NY      | US        | $8,257,500.03             |
| Nomura Securities International, Inc.      | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $27,874,518.45            |
| GOLDMAN SACHS & CO. LLC                    | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $93,188,182.11            |
| BMO Capital Markets Corp., New York Branch | 8-34344           | 000016686    | RUC0QBLBRPRCU4W1NE59 | NY      | US        | $15,761,850.72            |
| CastleOak Securities, LP                   | 8-65786           | 000125334    | 549300MXL7C60HZ59S65 | NY      | US        | $24,993,152.64            |
| BNP Paribas                                | N/A               | N/A          | R0MUWSFPU8MPRO8K5P83 |  |  | $69,345,605.61            |
| BOFA SECURITIES, INC.                      | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $517,312,804.65           |
| J.P. MORGAN SECURITIES LLC                 | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,304,167,813.09         |
| MIZUHO SECURITIES USA LLC                  | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $7,994,406.25             |
| BARCLAYS CAPITAL INC.                      | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $520,778,045.02           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $2,603,906,118.40

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $16,816,550.91

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** U.S. Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                  | SEC File number   |
|:---|:---|
| Multi-Hedge Strategies Fund                   | 811-07584         |
| NASDAQ-100 2x Strategy Fund                   | 811-08821         |
| Inverse High Yield Strategy Fund              | 811-07584         |
| Inverse S&P 500 Strategy Fund                 | 811-08821         |
| Weakening Dollar 2x Strategy Fund             | 811-07584         |
| Biotechnology Fund                            | 811-07584         |
| Technology Fund                               | 811-07584         |
| Retailing Fund                                | 811-07584         |
| Inverse Emerging Markets 2x Strategy Fund     | 811-07584         |
| Inverse Russell 2000 2x Strategy Fund         | 811-09525         |
| Japan 2x Strategy Fund                        | 811-07584         |
| S&P 500 Pure Value Fund                       | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-09525         |
| Russell 2000 2x Strategy Fund                 | 811-08821         |
| S&P SmallCap 600 Pure Value Fund              | 811-08821         |
| Consumer Products Fund                        | 811-08821         |
| Transportation Fund                           | 811-07584         |
| Biotechnology Fund                            | 811-08821         |
| S&P 500 Pure Value Fund                       | 811-07584         |
| Real Estate Fund                              | 811-08821         |
| Dow 2x Strategy Fund                          | 811-09525         |
| Utilities Fund                                | 811-08821         |
| Multi-Hedge Strategies Fund                   | 811-08821         |
| Mid-Cap 1.5x Strategy Fund                    | 811-07584         |
| S&P MidCap 400 Pure Growth Fund               | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-08821         |
| Electronics Fund                              | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-08821         |
| Inverse Russell 2000 Strategy Fund            | 811-08821         |
| Russell 2000 Fund                             | 811-07584         |
| Commodities Strategy Fund                     | 811-07584         |
| Weakening Dollar 2x Strategy Fund             | 811-08821         |
| Nova Fund                                     | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-08821         |
| Financial Services Fund                       | 811-08821         |
| U.S. Government Money Market Fund             | 811-07584         |
| Basic Materials Fund                          | 811-07584         |
| Inverse S&P 500 2x Strategy Fund              | 811-09525         |
| Inverse Mid-Cap Strategy Fund                 | 811-08821         |
| S&P MidCap 400 Pure Growth Fund               | 811-07584         |
| Leisure Fund                                  | 811-07584         |
| Telecommunications Fund                       | 811-08821         |
| Banking Fund                                  | 811-07584         |
| S&P SmallCap 600 Pure Value Fund              | 811-07584         |
| Japan 2x Strategy Fund                        | 811-08821         |
| Russell 2000 1.5x Strategy Fund               | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-07584         |
| NASDAQ-100 Fund                               | 811-07584         |
| U.S. Government Money Market Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-07584         |
| Inverse NASDAQ-100 Strategy Fund              | 811-08821         |
| Commodities Strategy Fund                     | 811-08821         |
| Precious Metals Fund                          | 811-08821         |
| Basic Materials Fund                          | 811-08821         |
| Strengthening Dollar 2x Strategy Fund         | 811-07584         |
| S&P SmallCap 600 Pure Growth Fund             | 811-08821         |
| S&P MidCap 400 Pure Value Fund                | 811-08821         |
| Nova Fund                                     | 811-07584         |
| Electronics Fund                              | 811-08821         |
| Financial Services Fund                       | 811-07584         |
| Consumer Products Fund                        | 811-07584         |
| Banking Fund                                  | 811-08821         |
| Internet Fund                                 | 811-08821         |
| Government Long Bond 1.2x Strategy Fund       | 811-07584         |
| Dow Jones Industrial Average Fund             | 811-07584         |
| S&P 500 Pure Growth Fund                      | 811-08821         |
| Leisure Fund                                  | 811-08821         |
| Inverse S&P 500 Strategy Fund                 | 811-07584         |
| Precious Metals Fund                          | 811-07584         |
| Managed Futures Strategy Fund                 | 811-07584         |
| Energy Services Fund                          | 811-07584         |
| Real Estate Fund                              | 811-07584         |
| Inverse Mid-Cap Strategy Fund                 | 811-07584         |
| Government Long Bond 1.2x Strategy Fund       | 811-08821         |
| Emerging Markets Bond Strategy Fund           | 811-07584         |
| High Yield Strategy Fund                      | 811-07584         |
| S&P 500 Fund                                  | 811-07584         |
| Europe 1.25x Strategy Fund                    | 811-07584         |
| Energy Fund                                   | 811-07584         |
| Transportation Fund                           | 811-08821         |
| Inverse Dow 2x Strategy Fund                  | 811-08821         |
| High Yield Strategy Fund                      | 811-08821         |
| Energy Fund                                   | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-08821         |
| Utilities Fund                                | 811-07584         |
| Mid-Cap 1.5x Strategy Fund                    | 811-08821         |
| Europe 1.25x Strategy Fund                    | 811-08821         |
| NASDAQ-100 2x Strategy Fund                   | 811-09525         |
| Global Managed Futures Strategy Fund          | 811-08821         |
| Health Care Fund                              | 811-08821         |
| S&P 500 2x Strategy Fund                      | 811-09525         |
| S&P 500 Pure Growth Fund                      | 811-07584         |
| Emerging Markets 2x Strategy Fund             | 811-07584         |
| Inverse Government Long Bond Strategy Fund    | 811-07584         |
| Russell 2000 2x Strategy Fund                 | 811-09525         |
| Technology Fund                               | 811-08821         |
| Inverse NASDAQ-100 2x Strategy Fund           | 811-09525         |
| Inverse Russell 2000 Strategy Fund            | 811-07584         |
| Energy Services Fund                          | 811-08821         |
| Retailing Fund                                | 811-08821         |
| Health Care Fund                              | 811-07584         |
| Dow 2x Strategy Fund                          | 811-08821         |
| Internet Fund                                 | 811-07584         |
| Telecommunications Fund                       | 811-07584         |
| NASDAQ-100 Fund                               | 811-08821         |
| Monthly Rebalance NASDAQ-100 2x Strategy Fund | 811-07584         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Rydex Series Funds

**Date:** 2026-01-27

**Signature:** James Howley

**Title:** CFO