Guggenheim Credit Allocation Fund GGM - Guggenheim Investments

Introducing GuggenheimCredit Allocation Fund (GGM)Closed-End FundStructure BenefitsGuggenheim believes the GuggenheimCredit Allocation Fund’s investmentstrategy can be optimized within a closedendfund structure. Because the Fund willbe traded on an exchange, Fund shareholdersare provided liquidity while theFund maintains a stable asset base. Thisstable asset base will allow the portfoliomanagement team to more efficientlymanage the Fund without considerationof new purchases and redemptions.Additionally, the portfolio managementteam will have the flexibility to seek tomaximize returns through the use ofleverage, and the opportunity to invest inless liquid, higher-yielding securities.The Guggenheim Credit Allocation Fund has a flexible mandate that will seek total return througha combination of current income and capital appreciation. The Fund will seek to achieve itsinvestment objective by investing in a portfolio of credit securities selected from a variety of sectorsand credit qualities. In the current market environment, the Fund anticipates investing in higheryielding,more credit-sensitive and less interest rate sensitive segments of the fixed income markets.The Fund intends to tactically allocate among these segments based upon the relative value ofeach segment, and to actively manage the portfolio’s duration to seek to minimize interest raterisk. The Fund will access Guggenheim’s unique capabilities that combine in-depth macro research,intensive fundamental research and legal analysis, and rigorous risk management. Given thecurrent economic environment, Guggenheim believes the Guggenheim Credit Allocation Fundmay be an attractive alternative for investors frustrated by current low yields.Target Initial Portfolio Allocation 110%55% 35%The Fund’s target initial portfolio allocationis 55% senior secured bank loans, 35% highyield bonds and 10% asset-backed securities 2and the Fund will initially maintain a shorteraverage portfolio duration. Guggenheimwill dynamically adjust the Fund’s portfolioallocations and average portfolio durationbased on current market conditions 1 .■ Bank Loans■ High Yield Bonds■ ABSAccess Guggenheim Investments’ CapabilitiesThe key to Guggenheim’s fixed income investing success is not only the quality of our people,but our willingness to organize ourselves in a manner that is consistent with investment excellence.As a result, Guggenheim Investments dedicates significant time and resources to in-depth macroresearch, intensive fundamental research and legal analysis, and rigorous risk management.Given the significant impact that future economic and policy conditions have on the value ofinvestments, in-depth macro research is essential to Guggenheim’s investment success. ScottMinerd, Guggenheim Investments’ Global Chief Investment Officer, leads Guggenheim’s macroresearch, which utilizes both qualitative and quantitative tools. Guggenheim’s macro view permeatesthe investment process and drives sector allocation and duration management decisions.4 Guggenheim Limited Credit Allocation Duration Fund Total | Return GGM Trust | GGM1 Target initial portfolio allocations based on current model portfolio. Actual Fund investments and actualportfolio characteristics initially and on an ongoing basis will be based on market conditions at the timeof investment and may differ from that set forth herein. Under current market conditions the Fund intendsto initially maintain a shorter average portfolio duration. However, the Fund may invest in securities of anyduration or maturity. The Fund’s allocation of its investments among specific market segments may varysignificantly over time based on the sub adviser’s analysis and judgment. The overall credit quality, durationand maturity of the Fund’s portfolio may vary significantly over time. As a result, the particular risks mostrelevant to an investment in the Fund, as well as the overall risk profile of the Fund’s portfolio, may varyover time. The sub adviser employs an active approach to the Fund’s investment allocation, but there is noguarantee that such allocation will produce the desired results.2 The Fund may invest up to 20% of its assets in ABS and at time of investment will invest only in investmentgradeABS.