Important Disclosures

SMA target characteristics and allocations are for illustrative purposes only. Individual account holdings and characteristics will vary depending on the size of an account, cash flows and account restrictions. Individual accounts within the same strategy may have portfolio characteristics and performance that differ from one another. 

Investment Risks. The strategies described herein may not be suitable for all investors. All investments have inherent risks. There is no guarantee the manager will be able to implement investment strategies successfully or achieve investment objectives. • The market value of fixed income securities will change in response to interest rate changes and market conditions among other things. In general, bond prices rise when interest rates fall and vice versa. • High yield securities present more liquidity and credit risk than investment grade bonds and may be subject to greater volatility. • Structured credit, including asset-backed securities (ABS), mortgage-backed securities, and collateralized loan obligations (CLOs), are complex investments and not suitable for all investors. Investors in structured credit generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some structured credit investments may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, including credit risk, interest rate risk, counterparty risk and prepayment risk. • Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate. • The strategies discussed herein may include the use of derivatives. Derivatives often involve a high degree of financial risk because a relatively small movement in the price of the underlying security or benchmark may result in a disproportionately large movement, unfavorable or favorable in the price of the derivative instrument. • The use of leverage will magnify any gains or losses on the leveraged instruments. • Diversification neither assures a profit nor eliminates the risk of experiencing investment losses.

The Bloomberg U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasurys, government-related and corporate securities, MBS (Agency fixed-rate and hybrid ARM pass-throughs), ABS, and CMBS (Agency and non Agency)

The SMA strategies described herein are offered by Guggenheim Wealth Solutions, LLC (GWS). Guggenheim Partners Investment Management, LLC (GPIM) serves as Sub-Adviser to the SMA strategies and is the Investment Adviser to the Guggenheim Active Investment Series (GAINS) Funds. Guggenheim Wealth Solutions, LLC Form CRS | Guggenheim Partners Investment Management, LLC Form CRS.

SMA Strategies are not offered directly and are available exclusively through financial professionals. This material is distributed with the understanding that it is not rendering accounting, legal or tax advice. Please consult your legal or tax advisor concerning such matters.