Guggenheim StylePlus Large Core A - Security Benefit

®
Fact Sheet as of 12/31/2013
Guggenheim StylePlus Large Core A
To and Through Retirement
SECEX
FUND CATEGORY
Large-Cap Core Funds
BENCHMARK*
Russell 3000 TR IX
The Russell 3000 Index measures the performance
of the largest 3000 U.S. companies representing
approximately 98% of the investable U.S. equity
market. An investor cannot invest directly in an
index.
INVESTMENT OBJECTIVE
The Fund seeks long-term capital growth. The
Fund pursues its objective by investing, under
normal market conditions, at least 80% of its net
assets in a diversified portfolio of equity securities,
of companies that, when purchased, have
market capitalizations that are within the range of
companies in the S&P 500.
INVESTMENT RISK
Investing in a mutual fund involves risk, including
the possible loss of your principal investment.
There is no guarantee of your investment results.
FEES & EXPENSES**
Gross Expense Ratio (%) 1.40
Net Expense Ratio (%) 1.40
12b-1 Fee (%) 0.25
Max Sales Charge (%) 4.75
Expense Waiver
None
Waiver Time Limit
None
**Reported as of 04/30/2013
FUND MANAGEMENT
Fund Operations
Inception Date 09/10/1962
Total Net Assets ($M) 194.30
Management Company
Guggenheim Investments
One Security Benefit Place
Topeka KS 66636-0001
800-820-0888
Fund Manager(s)
Tenure
Scott Hammond 2013
B. Scott Minerd 2013
Farhan Sharfaff 2013
Jayson B. Flowers 2013
Page 1
LIPPER LEADERS OVERALL
as of Rating Out of Description
Total Return
1 829
funds
Consistent
Return 1 827
funds
Preservation
4 10,671
funds
Expense
1 274
funds
GROWTH OF $10,000 INVESTMENT
Monthly Values from 12/31/03 to 12/31/2013
22K
20K
18K
16K
14K
12K
10K
8K
6K
12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13
Fund Value $15,260
(as of 12/31/2013)
AVERAGE ANNUAL TOTAL RETURNS
Guggenheim StylePlus
Large Core A
Russell 3000 TR IX
Cumulative One Three Five Ten Since
YTD Year Year Year Year Inception
Fund Return at NAV 28.39 28.39 11.35 15.50 4.32 10.51
Russell 3000 TR IX 33.55 33.55 16.24 18.71 7.88 -
Lipper Large-Cap Core Avg 31.34 31.34 14.77 16.90 6.98 -
Lipper Lg-Cap Core IX 31.82 31.82 15.02 17.07 6.71 -
Lipper Leaders
40%
35%
30%
25%
20%
15%
10%
5%
0%
Highest = 5 • 4 • 3 • 2 • 1 = Lowest
Ratings for Total Return reflect funds’ historical total return performance relative
to peers. Ratings are computed for all Lipper classifications with five or more
distinct portfolios and span both equity and fixed-income funds.
Ratings for Consistent Return reflect funds’ historic returns, adjusted for
volatility, relative to peers. Ratings are computed for all Lipper classifications with
five or more distinct portfolios and span both equity and fixed-income funds.
Ratings for Preservation reflect funds’ historical loss avoidance relative to other
funds within the same asset class. Ratings are computed from three broad asset
classes; equity funds, mixed-equity funds, and fixed-income (bond) funds.
Ratings for Expense reflect funds’ expense minimization relative to peers with
similar load structures. Ratings are computed for all Lipper classifications with
five or more distinct portfolios and span both equity and fixed-income funds.
Please see page 2 for additional information on Lipper Leaders or go to www.lipperleaders.com.
Russell 3000 TR IX $21,358
(as of 12/31/2013)
Performance shown in the Growth of $10,000 chart includes the reinvestment of dividends and capital gains. The
performance shown does not include any applicable sales charges and fees. If sales charges were included, performance
would be lower. The chart represents a hypothetical investment at the beginning of the time period shown and is not
intended to imply any future performance of the Fund.
Total Return - - 1 2 1 -
# of funds rated - - 829 764 516 -
Consistent Return - - 1 2 1 -
# of funds rated - - 827 761 514 -
Preservation - - 4 4 4 -
in Equity Funds asset class - - 10,671 9,050 5,264 -
Expense - - 1 1 1 -
# of funds rated - - 274 261 204 -
Performance data shown represents past performance. Past performance does not guarantee future
results. Current performance may be lower or higher than the performance quoted. For the most recent
performance, go to www.securitybenefit.com. The investment return and principal value of an investment
will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original
cost. Returns reflect reinvestment of dividends. If sales charges were included performance would be
lower. IX = Index
Not FDIC/NCUA insured • May lose value • Not bank/CU guaranteed • Not a deposit • Not insured by any federal agency

Guggenheim StylePlus Large Core A
RISK MEASURES - 3 YEAR
Standard
Deviation
Sharpe
Ratio
13.56
0.85
Alpha 1 -0.45
Standard deviation is a measure of risk that gauges the variability of actual returns from
their expected values and the dispersion of these variations over time.
Sharpe ratio is a measure that uses standard deviation and excess return to determine
reward per unit of risk. The greater a portfolio’s Sharpe ratio, the better its risk-adjusted
performance has been.
Alpha measures a manager’s contribution to performance due to security selection or
market timing relative to the benchmark.
Beta 1 1.07 Beta measures a portfolio’s sensitivity to market movements relative to the benchmark.
R-Squared 1 0.97
R-squared is a measure that indicates the extent to which fluctuations in portfolio
returns are correlated with those of the benchmark.
1
Statistics are measured against the Fund’s benchmark: Russell 3000 TR IX.
TOP INDUSTRIES 2
as of 11/30/13
Industry Sector . . . . . . . . . . . . . . . . . . . . . .% of TNA
Industrials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.64
Health Care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.59
Technology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.52
Consumer Services . . . . . . . . . . . . . . . . . . . . . . . . . 3.05
Oil & Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.67
Consumer Goods . . . . . . . . . . . . . . . . . . . . . . . . . . 1.87
Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.84
Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.53
Telecommunications . . . . . . . . . . . . . . . . . . . . . . . . 0.07
Basic Materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.06
2
Sector weightings are based on ICB Industries.
TOP TEN HOLDINGS
as of 11/30/13
Fund Holdings. . . . . . . . . . . . . . . . . . . . . . . % of TNA
GEER MTN FING LTD / GEER MTN FING CORP 0 . 2.06
Guggenheim Floating Rate Strategies Fund . . . . . 1.74
Guggenheim Macro Opportunities Fund;Inst . . . . 1.69
Guggenheim Invest BulletShares 2015 HY C . . . . 1.67
Guggenheim Invest BulletShares 2016 HY C . . . . 1.67
Guggenheim Invest BulletShares 2014 HY C . . . . 1.65
Other Assets and Liabilities . . . . . . . . . . . . . . . . . . . 1.52
NEW YORK N Y CITY MUN WTR FIN AUTH WTR & . .
1.35
DUANE STREET CLO, LTD FRN 14-Nov-2021 4. . . 1.31
HSI ASSET SECURITIZATION CORPORATION TRU. 1.27
PORTFOLIO CHARACTERISTICS
as of 11/30/13
Number of Holdings . . . . . . . . . . . . . . . . . . . . . . . .228
Portfolio Turnover (%) . . . . . . . . . . . . . . . . . . . . . .217
Avg Market Capitalization ($M) . . . . . . . . . . 122791.2
Price to Earnings . . . . . . . . . . . . . . . . . . . . . . . . . 18.78
Price to Book. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.31
Top Holdings, Asset Allocation, and Sector Weightings
data is based on information collected from the investment
company, is updated as of the date shown in the section’s
title, and will vary over time. Asset Allocation may equal
less than or greater than 100% due to hedged funds or
leveraged cash positions by the fund.
ASSET ALLOCATION
as of 11/30/13
Fixed Income 66.22
Equity 20.84
Cash 11.62
Other 1.31
Lipper Leaders Overall ratings DO NOT take into account the effects of sales charges.
The Lipper Leader Overall ratings are subject to change every month and are based
on an equal-weighted average of percentile ranks for the Total Return, Consistent
Return, Preservation, and Expense metrics over three-, five-, and ten-year periods (if
applicable). The highest 20% of funds in each peer group are named Lipper Leaders
or a 5, the next 20% receive a rating of 4, the middle 20% receive a rating of 3, the
next 20% receive a rating of 2, and the lowest 20% receive a rating of 1. For more
information on Lipper Leaders, go to www.lipperleaders.com.
*Lipper Best Fit Index - A variety of market indices are available to benchmark fund
performance. The Lipper Best-Fit Index is the market index that best correlates to a
fund’s performance. Lipper Best-Fit indices are not available for funds with less than 3
years of performance history.
Lipper Services are not affiliated with Security Distributors, Inc. its subsidiaries and
affiliates (Security Benefit). Security Benefit has no responsibility for the management
operations of Lipper Services or any of its affiliates.
This investment option may be available to you through the purchase of a variable
annuity OR through a retirement plan or individual retirement account.
Variable Annuity Contract Disclosures
This fact sheet must be accompanied by the variable annuity performance report
for the most recent calendar quarter end which contains standardized performance
information at the variable annuity contract level.
Certain of these annual returns pre-date the offering of the fund as an underlying
investment option in the variable annuity. Pre-dated performance is hypothetical.
Annuities are long-term investments suitable for retirement planning. Investing in
variable annuities involves risk and there is no guarantee of investment results.
Variable annuities are issued by Security Benefit Life Insurance Company (SBL) in all
states except New York. In New York, variable annuities are issued by First Security
Benefit Life Insurance and Annuity Company of New York (FSBL), Rye Brook, New
York. SBL is not authorized in the state of New York and does not transact insurance
business in New York.
Retirement Plan or Individual Retirement Account Disclosures (Retirement
Program)
Sales loads are waived by the funds for purchases made through such programs. If
you purchased the fund outside your Retirement Program, you may be subject to
these charges. Sales charges would reduce the performance quoted.
You may also be subject to certain account level charges. The performance numbers
quoted do not reflect the account charges of your Retirement Program, and would be
lower if such charges were deducted. Refer to your retirement plan documentation or
your individual account agreement for account level charges.
Investing in mutual funds involves risk, including loss of principal, and there is no
guarantee of investment results.
General Disclosures
Triple-digit or high double-digit performance is attributable, in part, to unusually
favorable market conditions and may not be repeated or consistently achieved in the
future. Recent market volatility may affect performance so that current performance
may be lower. Performance, especially for short time periods, should not be the sole
factor in making your investment decisions.
You should carefully consider the investment objectives, risks, and charges
and expenses of the Variable Annuity and its underlying investment options
before investing. You may obtain a prospectus for the variable annuity and
prospectuses or summary prospectuses (if available) for the underlying
investment options by calling our Service Center at 1-800-888-2461. You
should read the prospectuses carefully before investing. Investing in variable
annuities involves risk and there is no guarantee of investment results.
Securities are distributed by Security Distributors, Inc. (SDI). SDI is a wholly-owned
subsidiary of SBL. SBL and FSBL are affiliates and wholly-owned subsidiaries of Security
Benefit Corporation (Security Benefit).
Lipper Fund Fact Sheet Service a Lipper, a Thomson Reuters Company. Copyright
2014 Thomson Reuters. All rights reserved. Any copying, republication or
redistribution of Lipper content is expressly prohibited without the prior written
consent of Lipper. Lipper Fund Fact Sheets Service; Product ID: SBEQOE
Security Distributors, Inc.
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