SCHEDULE OF INVESTMENTS (Unaudited) June 30, 2016

SERIES A (STYLEPLUS—LARGE CORE SERIES)

SHARES VALUE

COMMON STOCKS† - 17.3%

CONSUMER, NON-CYCLICAL – 5.9% Johnson & Johnson 7,844 $ 951,476 Procter & Gamble Co. 9,959 843,229 Pfizer, Inc. 22,943 807,823 Merck & Company, Inc. 12,264 706,529 PepsiCo, Inc. 6,639 703,336 UnitedHealth Group, Inc. 4,706 664,487 Medtronic plc 7,507 651,382 Amgen, Inc. 3,861 587,451 Gilead Sciences, Inc. 6,996 583,606 AbbVie, Inc. 9,133 565,424 Express Scripts Holding Co.* 6,190 469,202 McKesson Corp. 2,484 463,638 Kroger Co. 12,363 454,835 Becton Dickinson and Co. 2,664 451,788 Allergan plc* 1,895 437,916 Archer-Daniels-Midland Co. 9,904 424,783 Cardinal Health, Inc. 5,360 418,133 HCA Holdings, Inc.* 5,375 413,929 Thermo Fisher Scientific, Inc. 2,515 371,617 Sysco Corp. 6,486 329,100 Kimberly-Clark Corp. 2,199 302,319 Tyson Foods, Inc. — Class A 4,103 274,039 General Mills, Inc. 3,527 251,546 Edwards Lifesciences Corp.* 1,130 112,695 2,810 110,461 Aetna, Inc. 844 103,078 Alexion Pharmaceuticals, Inc.* 740 86,402 Cigna Corp. 669 85,625 Anthem, Inc. 622 81,693 Total Consumer, Non-cyclical 12,707,542

INDUSTRIAL - 2.4% Co. 4,244 551,169 United Parcel Service, Inc. — Class B 5,000 538,599 Union Pacific Corp. 6,098 532,051 Caterpillar, Inc. 6,301 477,679 Waste Management, Inc. 6,938 459,781 Emerson Electric Co. 8,450 440,752 FedEx Corp. 2,751 417,547 CSX Corp. 15,965 416,367 Eaton Corporation plc 6,938 414,407 General Electric Co. 10,304 324,370 Lockheed Martin Corp. 1,114 276,461 United Technologies Corp. 1,767 181,206 Honeywell International, Inc. 1,376 160,056 Total Industrial 5,190,445

FINANCIAL - 2.0% JPMorgan Chase & Co. 13,149 817,078 Bank of America Corp. 46,044 611,004 Travelers Companies, Inc. 3,819 454,614 Aflac, Inc. 6,198 447,248 Bank of New York Mellon Corp. 11,020 428,127 MetLife, Inc. 10,366 412,878 Prudential Financial, Inc. 5,586 398,505 Wells Fargo & Co. 4,392 207,873 Berkshire Hathaway, Inc. — Class B* 1,271 184,028 Equity Residential 1,876 129,219 Chubb Ltd. 884 115,548 Charles Schwab Corp. 4,357 110,276 Principal Financial Group, Inc. 2,499 102,734 Total Financial 4,419,132

TECHNOLOGY - 2.0% Apple, Inc. 14,348 1,371,669 Microsoft Corp. 20,701 1,059,270 Intel Corp. 21,361 700,641 International Business Machines Corp. 3,696 560,979 Oracle Corp. 4,773 195,359 QUALCOMM, Inc. 3,379 181,013 Broadcom Ltd. 741 115,151 Hewlett Packard Enterprise Co. 4,300 78,561 Total Technology 4,262,643

CONSUMER, CYCLICAL - 1.6% Wal-Mart Stores, Inc. 8,449 616,946 CVS Health Corp. 6,101 584,109 Boots Alliance, Inc. 6,543 544,836 Ford Motor Co. 29,958 376,572 General Motors Co. 12,365 349,930 Target Corp. 3,929 274,323 Southwest Airlines Co. 6,962 272,980 Delta Air Lines, Inc. 7,114 259,163 American Airlines Group, Inc. 6,982 197,660 Total Consumer, Cyclical 3,476,519

COMMUNICATIONS - 1.6% Cisco Systems, Inc. 22,996 659,755 Time Warner, Inc. 6,485 476,907 Alphabet, Inc. — Class C* 689 476,857 eBay, Inc.* 17,359 406,374 AT&T, Inc. 8,704 376,100 Walt Disney Co. 2,993 292,775 Verizon Communications, Inc. 4,742 264,793 Amazon.com, Inc.* 263 188,208 Facebook, Inc. — Class A* 1,552 177,363 Comcast Corp. — Class A 2,345 152,871 Total Communications 3,472,003

ENERGY - 1.3% Exxon Mobil Corp. 8,495 796,321 Chevron Corp. 4,044 423,933 Schlumberger Ltd. 3,440 272,035 Phillips 66 2,338 185,497 Valero Energy Corp. 2,984 152,184 SCHEDULE OF INVESTMENTS (Unaudited)(concluded) June 30, 2016

SERIES A (STYLEPLUS—LARGE CORE SERIES)

SHARES VALUE

EOG Resources, Inc. 1,600 $ 133,471 Anadarko Petroleum Corp. 2,504 133,338 Hess Corp. 2,167 130,237 ConocoPhillips 2,966 129,318 Spectra Energy Corp. 3,496 128,059 Kinder Morgan, Inc. 6,160 115,315 Occidental Petroleum Corp. 1,475 111,451 Halliburton Co. 2,102 95,200 Total Energy 2,806,359

UTILITIES - 0.3% NextEra Energy, Inc. 4,028 525,251 Corp. 2,411 87,664 Total Utilities 612,915

BASIC MATERIALS - 0.2% Nucor Corp. 2,295 113,396 International Paper Co. 2,642 111,968 LyondellBasell Industries N.V. — Class A 1,368 101,807 Dow Chemical Co. 2,047 101,756 Monsanto Co. 659 68,147 Total Basic Materials 497,074

Total Common Stocks (Cost $36,189,732) 37,444,632

MUTUAL FUNDS†,1 - 76.7% Guggenheim Variable Insurance Strategy Fund III 2,308,062 57,216,863 Guggenheim Strategy Fund II 2,268,172 56,273,352 Guggenheim Strategy Fund III 1,421,708 35,244,131 Guggenheim Strategy Fund I 673,569 16,778,614 Total Mutual Funds (Cost $166,115,415) 165,512,960

SHORT TERM INVESTMENTS† - 3.6% Dreyfus Treasury Prime Cash Management Fund - Institutional Class 0.16%2 7,669,811 7,669,811 Total Short Term Investments (Cost $7,669,811) 7,669,811

Total Investments - 97.6% (Cost $209,974,958) $ 210,627,403 Other Assets & Liabilities, net - 2.4% 5,093,121 Total Net Assets - 100.0% $ 215,720,524

UNREALIZED CONTRACTS GAIN

EQUITY FUTURES CONTRACTS PURCHASED† September 2016 S&P 500 Index Mini Futures Contracts (Aggregate Value of Contracts $2,192,400) 21 $ 19,148

UNITS

OTC EQUITY INDEX SWAP AGREEMENTS†† Bank of America October 2016 S&P 500 Index Swap 0.42%3, Terminating 10/05/16 (Notional Value $175,000,848) 83,379 $ —

* Non-income producing security. † Value determined based on Level 1 inputs. †† Value determined based on Level 2 inputs. 1 Affiliated issuer. 2 Rate indicated is the 7 day yield as of June 30, 2016. 3 Total Return based on S&P 500 Index +/- financing at a variable rate. Rate indicated is the rate effective at June 30, 2016. plc — Public Limited Company