Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS Unaudited)	March 31, 2021

	Shares		Value
COMMON STOCKS† - 98.5%
Consumer, Non-cyclical - 21.3%
Molson Coors Beverage Co. — Class B*		16,570	$	847,555
Baxter International, Inc.1		9,911		835,894
Amgen, Inc.1		3,354		834,509
Laboratory Corporation of America Holdings*,1		3,237		825,532
PepsiCo, Inc.		5,808		821,542
Equifax, Inc.1		4,531		820,700
Procter & Gamble Co.1		6,030		816,643
Church & Dwight Company, Inc.1		9,320		814,102
Quest Diagnostics, Inc.		6,340		813,676
Altria Group, Inc.1		15,882		812,523
Biogen, Inc.*,1		2,903		812,114
Hologic, Inc.*,1		10,916		811,932
Anthem, Inc.1		2,261		811,586
Gilead Sciences, Inc.1		12,551		811,171
ABIOMED, Inc.*,1		2,545		811,168
Kraft Heinz Co.1		20,274		810,960
Danaher Corp.1		3,599		810,063
Campbell Soup Co.1		16,111		809,900
ResMed, Inc.		4,174		809,839
Coca-Cola Co.1		15,343		808,729
AmerisourceBergen Corp. — Class A1		6,842		807,835
UnitedHealth Group, Inc.		2,170		807,392
Colgate-Palmolive Co.1		10,232		806,589
Kellogg Co.1		12,742		806,569
General Mills, Inc.1		13,152		806,481
PerkinElmer, Inc.		6,276		805,148
J M Smucker Co.		6,363		805,110
Kimberly-Clark Corp.1		5,789		804,961
Rollins, Inc.		23,386		804,946
Bristol-Myers Squibb Co.1		12,742		804,403
McKesson Corp.		4,119		803,370
Hershey Co.1		5,068		801,555
Pfizer, Inc.1		22,114		801,190
United Rentals, Inc.*		2,431		800,552
STERIS plc		4,198		799,635
IQVIA Holdings, Inc.*		4,136		798,827
Merck & Company, Inc.		10,357		798,421
Zoetis, Inc.		5,064		797,479
Automatic Data Processing, Inc.1		4,227		796,663
Humana, Inc.1		1,900		796,575
Henry Schein, Inc.*		11,500		796,260
Johnson & Johnson1		4,841		795,618
Mondelez International, Inc. — Class A		13,586		795,188
Verisk Analytics, Inc. — Class A1		4,498		794,751
Incyte Corp.*,1		9,779		794,739
West Pharmaceutical Services, Inc.		2,819		794,338
McCormick & Company, Inc.1		8,900		793,524
Abbott Laboratories1		6,620		793,341
Monster Beverage Corp.*		8,688		791,390
IHS Markit Ltd.		8,174		791,080
Moody’s Corp.1		2,649		791,018
S&P Global, Inc.		2,235		788,664
Cooper Companies, Inc.1		2,053		788,537

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Consumer, Non-cyclical - 21.3% (continued)
Becton Dickinson and Co.1		3,243	$	788,535
Clorox Co.1		4,088		788,493
Bio-Rad Laboratories, Inc. — Class A*		1,380		788,215
Edwards Lifesciences Corp.*		9,415		787,471
CVS Health Corp.1		10,453		786,379
Centene Corp.*,1		12,284		785,070
Avery Dennison Corp.1		4,274		784,920
Kroger Co.1		21,790		784,222
Dentsply Sirona, Inc.1		12,288		784,097
Conagra Brands, Inc.1		20,838		783,509
Thermo Fisher Scientific, Inc.		1,715		782,692
Stryker Corp.		3,209		781,648
Philip Morris International, Inc.		8,808		781,622
Align Technology, Inc.*,1		1,440		779,803
Alexion Pharmaceuticals, Inc.*,1		5,097		779,382
Intuitive Surgical, Inc.*,1		1,052		777,365
Estee Lauder Companies, Inc. — Class A1		2,672		777,151
DexCom, Inc.*		2,160		776,282
Regeneron Pharmaceuticals, Inc.*		1,639		775,477
Vertex Pharmaceuticals, Inc.*		3,605		774,678
Varian Medical Systems, Inc.*		4,385		774,084
AbbVie, Inc.1		7,139		772,583
Catalent, Inc.*		7,306		769,395
Robert Half International, Inc.		9,852		769,146
Boston Scientific Corp.*,1		19,889		768,710
HCA Healthcare, Inc.1		4,079		768,239
Medtronic plc1		6,503		768,199
Corteva, Inc.1		16,474		768,018
Constellation Brands, Inc. — Class A1		3,368		767,904
DaVita, Inc.*,1		7,125		767,861
Cardinal Health, Inc.1		12,639		767,819
Cigna Corp.1		3,173		767,041
Quanta Services, Inc.		8,717		766,922
Hormel Foods Corp.1		15,951		762,139
Perrigo Company plc1		18,832		762,131
Tyson Foods, Inc. — Class A		10,232		760,238
IDEXX Laboratories, Inc.*,1		1,552		759,409
Zimmer Biomet Holdings, Inc.1		4,735		757,979
Teleflex, Inc.		1,824		757,799
Archer-Daniels-Midland Co.1		13,264		756,048
Gartner, Inc.*,1		4,136		755,027
Viatris, Inc.*,1		53,807		751,684
PayPal Holdings, Inc.*,1		3,086		749,404
Universal Health Services, Inc. — Class B		5,618		749,385
Nielsen Holdings plc1		29,559		743,409
Lamb Weston Holdings, Inc.		9,572		741,638
MarketAxess Holdings, Inc.1		1,489		741,403
Brown-Forman Corp. — Class B1		10,745		741,083
Cintas Corp.1		2,157		736,206
Illumina, Inc.*,1		1,907		732,402
FleetCor Technologies, Inc.*,1		2,722		731,211
Sysco Corp.		9,264		729,447
Global Payments, Inc.1		3,593		724,277
Eli Lilly & Co.1		3,713		693,663
Total Consumer, Non-cyclical				83,991,201

Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2021

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Financial - 18.0%
Hartford Financial Services Group, Inc.1		13,934	$	930,652
American Tower Corp. — Class A REIT1		3,590		858,225
Crown Castle International Corp. REIT1		4,869		838,101
Ameriprise Financial, Inc.1		3,579		831,938
SBA Communications Corp. REIT		2,960		821,548
BlackRock, Inc. — Class A1		1,079		813,523
Digital Realty Trust, Inc. REIT1		5,758		810,957
Prologis, Inc. REIT		7,628		808,568
Assurant, Inc.1		5,669		803,694
Marsh & McLennan Companies, Inc.1		6,554		798,277
Duke Realty Corp. REIT1		18,970		795,412
Progressive Corp.		8,305		794,041
Willis Towers Watson plc1		3,469		793,985
Franklin Resources, Inc.1		26,801		793,310
Northern Trust Corp.		7,547		793,265
Raymond James Financial, Inc.		6,452		790,757
Nasdaq, Inc.		5,350		788,911
Bank of America Corp.1		20,365		787,922
Mid-America Apartment Communities, Inc. REIT		5,450		786,762
Equinix, Inc. REIT1		1,157		786,286
Public Storage REIT		3,179		784,450
Bank of New York Mellon Corp.1		16,559		783,075
U.S. Bancorp		14,141		782,139
Aon plc — Class A1		3,389		779,843
Realty Income Corp. REIT1		12,278		779,653
Comerica, Inc.1		10,867		779,599
Extra Space Storage, Inc. REIT1		5,866		777,538
Alexandria Real Estate Equities, Inc. REIT1		4,726		776,482
Iron Mountain, Inc. REIT1		20,956		775,582
State Street Corp.		9,220		774,572
Healthpeak Properties, Inc. REIT1		24,328		772,171
Western Union Co.		31,282		771,414
CBRE Group, Inc. — Class A*,1		9,746		771,006
MetLife, Inc.		12,648		768,872
Loews Corp.1		14,983		768,328
Allstate Corp.1		6,676		767,072
Lincoln National Corp.1		12,304		766,170
Weyerhaeuser Co. REIT		21,517		766,005
Arthur J Gallagher & Co.1		6,125		764,216
T. Rowe Price Group, Inc.		4,447		763,105
Aflac, Inc.1		14,905		762,838
W R Berkley Corp.		10,087		760,056
Berkshire Hathaway, Inc. — Class B*,1		2,971		759,001
Invesco Ltd.1		30,053		757,937
Everest Re Group Ltd.		3,056		757,307
Host Hotels & Resorts, Inc. REIT*,1		44,844		755,621
Wells Fargo & Co.		19,331		755,262
CME Group, Inc. — Class A1		3,694		754,426
Equity Residential REIT1		10,521		753,619
JPMorgan Chase & Co.1		4,948		753,234
Principal Financial Group, Inc.		12,553		752,678

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Financial - 18.0% (continued)
Truist Financial Corp.		12,895	$	752,036
UDR, Inc. REIT		17,113		750,576
Citizens Financial Group, Inc.		16,989		750,064
Prudential Financial, Inc.		8,231		749,844
People’s United Financial, Inc.		41,879		749,634
AvalonBay Communities, Inc. REIT1		4,056		748,373
Intercontinental Exchange, Inc.1		6,700		748,256
Citigroup, Inc.1		10,277		747,652
PNC Financial Services Group, Inc.		4,259		747,071
Welltower, Inc. REIT1		10,424		746,671
Simon Property Group, Inc. REIT		6,556		745,876
Charles Schwab Corp.		11,421		744,421
M&T Bank Corp.1		4,904		743,496
Capital One Financial Corp.1		5,829		741,624
Regency Centers Corp. REIT		13,063		740,803
Unum Group		26,607		740,473
Fifth Third Bancorp1		19,766		740,237
Cincinnati Financial Corp.1		7,180		740,186
First Republic Bank		4,436		739,703
Travelers Companies, Inc.		4,913		738,915
American International Group, Inc.1		15,951		737,096
Globe Life, Inc.		7,620		736,321
Kimco Realty Corp. REIT1		39,242		735,787
American Express Co.1		5,202		735,771
Synchrony Financial		18,095		735,743
Cboe Global Markets, Inc.1		7,405		730,799
Regions Financial Corp.		35,346		730,248
Essex Property Trust, Inc. REIT1		2,684		729,619
Visa, Inc. — Class A		3,444		729,198
Ventas, Inc. REIT		13,663		728,784
Huntington Bancshares, Inc.1		46,267		727,317
KeyCorp1		36,292		725,114
Goldman Sachs Group, Inc.1		2,215		724,305
Boston Properties, Inc. REIT1		7,115		720,465
Zions Bancorp North America1		13,082		718,987
Mastercard, Inc. — Class A		2,019		718,865
Discover Financial Services1		7,555		717,649
Vornado Realty Trust REIT		15,756		715,165
Morgan Stanley		9,161		711,443
Federal Realty Investment Trust REIT1		7,000		710,150
Chubb Ltd.1		4,414		697,280
SVB Financial Group*		1,408		695,073
Total Financial				70,836,495
Industrial - 13.9%
Kansas City Southern1		3,584		945,889
Lockheed Martin Corp.1		2,271		839,135
Mettler-Toledo International, Inc.*		724		836,720
Northrop Grumman Corp.		2,560		828,518
Expeditors International of Washington, Inc.1		7,693		828,459
Allegion plc1		6,587		827,459
Fortune Brands Home & Security, Inc.1		8,629		826,831
Carrier Global Corp.		19,516		823,965
Snap-on, Inc.		3,555		820,281

Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2021

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Industrial - 13.9% (continued)
Waste Management, Inc.		6,344	$	818,503
Waters Corp.*		2,874		816,705
L3Harris Technologies, Inc.		4,024		815,584
Huntington Ingalls Industries, Inc.1		3,960		815,166
Keysight Technologies, Inc.*		5,681		814,655
Masco Corp.1		13,594		814,281
Trimble, Inc.*		10,460		813,683
FedEx Corp.1		2,859		812,070
AMETEK, Inc.1		6,356		811,852
A O Smith Corp.		12,001		811,388
IDEX Corp.		3,876		811,324
Stanley Black & Decker, Inc.		4,057		810,061
Teledyne Technologies, Inc.*		1,956		809,099
Pentair plc1		12,982		809,038
Agilent Technologies, Inc.1		6,363		808,992
Fortive Corp.		11,432		807,556
General Electric Co.1		61,420		806,444
3M Co.		4,178		805,017
Otis Worldwide Corp.		11,707		801,344
Garmin Ltd.1		6,062		799,275
Republic Services, Inc. — Class A		8,033		798,079
Xylem, Inc.1		7,585		797,790
J.B. Hunt Transport Services, Inc.1		4,745		797,492
General Dynamics Corp.1		4,383		795,778
Union Pacific Corp.		3,609		795,460
Amphenol Corp. — Class A		12,056		795,334
Old Dominion Freight Line, Inc.		3,304		794,315
CSX Corp.1		8,233		793,826
Norfolk Southern Corp.		2,955		793,476
Illinois Tool Works, Inc.1		3,577		792,377
FLIR Systems, Inc.		14,008		791,032
Jacobs Engineering Group, Inc.1		6,110		789,840
Textron, Inc.		14,033		786,971
Howmet Aerospace, Inc.*,1		24,490		786,864
Westinghouse Air Brake Technologies Corp.1		9,896		783,367
United Parcel Service, Inc. — Class B		4,607		783,144
Caterpillar, Inc.1		3,374		782,329
Deere & Co.1		2,091		782,327
Honeywell International, Inc.1		3,604		782,320
Trane Technologies plc1		4,720		781,443
Dover Corp.1		5,688		779,996
Westrock Co.		14,983		779,865
Parker-Hannifin Corp.		2,472		779,743
Ball Corp.1		9,129		773,592
Rockwell Automation, Inc.		2,913		773,227
CH Robinson Worldwide, Inc.1		8,055		768,689
Generac Holdings, Inc.*		2,346		768,198
Sealed Air Corp.		16,753		767,622
Amcor plc		65,647		766,757
Ingersoll Rand, Inc.*,1		15,578		766,594
Raytheon Technologies Corp.		9,840		760,337
TE Connectivity Ltd.1		5,889		760,329
Eaton Corporation plc1		5,489		759,019
Vulcan Materials Co.		4,493		758,194
Packaging Corporation of America		5,631		757,257

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Industrial - 13.9% (continued)
Emerson Electric Co.1		8,380	$	756,043
Martin Marietta Materials, Inc.1		2,247		754,587
Johnson Controls International plc1		12,501		745,935
TransDigm Group, Inc.*		1,246		732,548
Boeing Co.*,1		2,870		731,046
Total Industrial				54,832,436
Consumer, Cyclical - 13.7%
Lennar Corp. — Class A1		8,789		889,711
Home Depot, Inc.1		2,829		863,552
Lowe’s Companies, Inc.1		4,504		856,571
DR Horton, Inc.1		9,576		853,413
Target Corp.		4,292		850,116
PulteGroup, Inc.		16,121		845,385
AutoZone, Inc.*,1		601		843,984
Fastenal Co.1		16,387		823,938
Costco Wholesale Corp.1		2,333		822,336
Whirlpool Corp.		3,717		819,041
McDonald’s Corp.1		3,639		815,646
Dollar General Corp.1		4,025		815,546
Newell Brands, Inc.		30,420		814,648
Dollar Tree, Inc.*,1		7,114		814,268
O’Reilly Automotive, Inc.*		1,601		812,107
NVR, Inc.*		170		800,858
Tractor Supply Co.		4,518		800,047
Best Buy Company, Inc.1		6,961		799,192
Yum! Brands, Inc.1		7,372		797,503
Walgreens Boots Alliance, Inc.		14,521		797,203
American Airlines Group, Inc.*,1		33,062		790,182
United Airlines Holdings, Inc.*		13,726		789,794
Advance Auto Parts, Inc.		4,303		789,558
Domino’s Pizza, Inc.		2,140		787,071
Alaska Air Group, Inc.*		11,359		786,156
L Brands, Inc.*,1		12,706		785,993
Mohawk Industries, Inc.*		4,087		785,971
WW Grainger, Inc.1		1,956		784,219
Starbucks Corp.1		7,167		783,138
Hasbro, Inc.1		8,143		782,705
Walmart, Inc.		5,761		782,517
VF Corp.		9,769		780,738
Genuine Parts Co.1		6,743		779,423
Pool Corp.		2,256		778,861
Southwest Airlines Co.*		12,660		773,020
Ralph Lauren Corp. — Class A*		6,232		767,533
CarMax, Inc.*,1		5,776		766,244
TJX Companies, Inc.		11,560		764,694
Copart, Inc.*		7,027		763,203
Marriott International, Inc. — Class A*,1		5,144		761,878
PVH Corp.*		7,201		761,146
LKQ Corp.*,1		17,975		760,882
Chipotle Mexican Grill, Inc. — Class A*,1		532		755,876
Ross Stores, Inc.		6,301		755,553
Darden Restaurants, Inc.1		5,314		754,588
MGM Resorts International		19,822		753,038
Las Vegas Sands Corp.*		12,372		751,722
Ulta Beauty, Inc.*		2,429		750,974
General Motors Co.*,1		13,038		749,164
Delta Air Lines, Inc.*,1		15,506		748,630
Gap, Inc.1		25,078		746,823

Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2021

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Consumer, Cyclical - 13.7% (continued)
Live Nation Entertainment, Inc.*		8,792	$	744,243
Tesla, Inc.*		1,113		743,406
Hanesbrands, Inc.1		37,728		742,110
Hilton Worldwide Holdings, Inc.*		6,127		740,877
PACCAR, Inc.		7,970		740,572
Royal Caribbean Cruises Ltd.*		8,564		733,164
NIKE, Inc. — Class B		5,501		731,028
Cummins, Inc.1		2,821		730,949
Carnival Corp.*,1		27,149		720,535
Leggett & Platt, Inc.1		15,708		717,070
Tapestry, Inc.*		17,320		713,757
BorgWarner, Inc.1		15,352		711,719
Ford Motor Co.*,1		57,791		707,940
Wynn Resorts Ltd.*,1		5,638		706,836
Aptiv plc*,1		5,120		706,048
Norwegian Cruise Line Holdings Ltd.*		25,143		693,695
Caesars Entertainment, Inc.*		7,679		671,529
Penn National Gaming, Inc.*		5,922		620,862
Under Armour, Inc. — Class A*		17,780		394,005
Under Armour, Inc. — Class C*		18,353		338,796
Total Consumer, Cyclical				54,015,500
Technology - 11.8%
Applied Materials, Inc.1		6,760		903,136
Lam Research Corp.1		1,472		876,193
KLA Corp.1		2,626		867,630
NXP Semiconductor N.V.		4,211		847,843
Cadence Design Systems, Inc.*		6,145		841,804
Texas Instruments, Inc.		4,451		841,195
Synopsys, Inc.*		3,367		834,275
Teradyne, Inc.		6,848		833,265
DXC Technology Co.*,1		26,625		832,297
NetApp, Inc.		11,437		831,127
ANSYS, Inc.*,1		2,438		827,847
Adobe, Inc.*		1,739		826,668
Monolithic Power Systems, Inc.		2,334		824,392
Skyworks Solutions, Inc.		4,484		822,724
Broadridge Financial Solutions, Inc.		5,363		821,075
Qorvo, Inc.*		4,477		817,948
Microchip Technology, Inc.		5,240		813,353
Citrix Systems, Inc.1		5,788		812,404
HP, Inc.1		25,517		810,165
Oracle Corp.		11,505		807,306
Akamai Technologies, Inc.*,1		7,921		807,150
International Business Machines Corp.1		6,055		806,889
Roper Technologies, Inc.		2,000		806,680
Accenture plc — Class A1		2,916		805,545
Maxim Integrated Products, Inc.		8,782		802,411
NVIDIA Corp.		1,502		801,963
Take-Two Interactive Software, Inc.*,1		4,538		801,865
Electronic Arts, Inc.1		5,921		801,526
Analog Devices, Inc.1		5,167		801,298
Autodesk, Inc.*,1		2,882		798,746
Tyler Technologies, Inc.*		1,876		796,418
Paychex, Inc.		8,112		795,138

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Technology - 11.8% (continued)
Broadcom, Inc.1		1,712	$	793,786
Zebra Technologies Corp. — Class A*		1,634		792,784
ServiceNow, Inc.*		1,579		789,674
QUALCOMM, Inc.		5,944		788,115
Intel Corp.1		12,284		786,176
Leidos Holdings, Inc.1		8,139		783,623
Apple, Inc.1		6,384		779,806
Cerner Corp.1		10,843		779,395
Jack Henry & Associates, Inc.1		5,127		777,868
MSCI, Inc. — Class A		1,855		777,764
Micron Technology, Inc.*		8,803		776,513
Cognizant Technology Solutions Corp. — Class A1		9,935		776,122
IPG Photonics Corp.*,1		3,665		773,095
Microsoft Corp.		3,277		772,618
Activision Blizzard, Inc.1		8,305		772,365
Seagate Technology plc1		10,063		772,335
salesforce.com, Inc.*,1		3,641		771,419
Hewlett Packard Enterprise Co.1		48,872		769,245
Xilinx, Inc.1		6,159		763,100
Fortinet, Inc.*,1		4,102		756,491
Western Digital Corp.		11,284		753,207
Advanced Micro Devices, Inc.*		9,533		748,341
Intuit, Inc.1		1,951		747,350
Paycom Software, Inc.*		2,010		743,821
Fidelity National Information Services, Inc.1		5,282		742,702
Fiserv, Inc.*,1		6,225		741,024
Total Technology				46,347,015
Communications - 6.1%
eBay, Inc.1		13,847		847,990
Facebook, Inc. — Class A*,1		2,879		847,952
Arista Networks, Inc.*,1		2,763		834,122
Corning, Inc.1		18,961		824,993
F5 Networks, Inc.*,1		3,938		821,546
Cisco Systems, Inc.1		15,827		818,414
VeriSign, Inc.*		4,108		816,506
Motorola Solutions, Inc.		4,314		811,248
Verizon Communications, Inc.		13,889		807,645
CDW Corp.		4,827		800,075
AT&T, Inc.1		25,920		784,598
Netflix, Inc.*		1,491		777,795
Amazon.com, Inc.*,1		250		773,520
Juniper Networks, Inc.1		30,420		770,539
NortonLifeLock, Inc.		35,971		764,743
Charter Communications, Inc. — Class A*,1		1,238		763,871
Interpublic Group of Companies, Inc.1		26,095		761,974
Expedia Group, Inc.*,1		4,425		761,631
T-Mobile US, Inc.*		6,078		761,513
DISH Network Corp. — Class A*,1		20,731		750,462
Booking Holdings, Inc.*,1		321		747,879
Omnicom Group, Inc.		9,934		736,606
Lumen Technologies, Inc.1		55,072		735,211
Comcast Corp. — Class A1		13,534		732,325
Walt Disney Co.*,1		3,919		723,134
Twitter, Inc.*,1		11,346		721,946
Etsy, Inc.*		3,494		704,635
News Corp. — Class A1		22,742		578,329

Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2021

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Communications - 6.1% (continued)
Fox Corp. — Class A1		12,643	$	456,539
Alphabet, Inc. — Class A*,1		191		393,941
Alphabet, Inc. — Class C*,1		184		380,628
ViacomCBS, Inc. — Class B		8,138		367,024
Discovery, Inc. — Class C*,1		7,857		289,845
Fox Corp. — Class B1		5,794		202,384
Discovery, Inc. — Class A*,1		4,270		185,574
News Corp. — Class B1		7,083		166,167
Total Communications				24,023,304
Utilities - 5.7%
Atmos Energy Corp.		8,452		835,480
American Water Works Company, Inc.1		5,554		832,656
Xcel Energy, Inc.1		12,446		827,783
NiSource, Inc.		34,264		826,105
CMS Energy Corp.1		13,428		822,062
Alliant Energy Corp.1		15,115		818,628
WEC Energy Group, Inc.		8,732		817,228
Duke Energy Corp.1		8,453		815,968
Eversource Energy1		9,411		814,898
Consolidated Edison, Inc.1		10,892		814,722
Ameren Corp.1		9,996		813,275
DTE Energy Co.1		6,067		807,760
American Electric Power Company, Inc.1		9,534		807,530
Public Service Enterprise Group, Inc.		13,393		806,392
PPL Corp.		27,884		804,175
Entergy Corp.1		8,069		802,623
Southern Co.		12,912		802,610
Pinnacle West Capital Corp.1		9,864		802,436
Dominion Energy, Inc.		10,507		798,112
Evergy, Inc.		13,396		797,464
CenterPoint Energy, Inc.1		35,169		796,578
Sempra Energy		6,001		795,613
Exelon Corp.1		18,142		793,531
Edison International1		13,271		777,681
NextEra Energy, Inc.		10,211		772,054
FirstEnergy Corp.1		22,120		767,343
AES Corp.1		27,159		728,133
NRG Energy, Inc.1		18,618		702,457
Total Utilities				22,401,297
Energy - 4.3%
Kinder Morgan, Inc.1		47,258		786,846
Cabot Oil & Gas Corp. — Class A1		41,099		771,839
Williams Companies, Inc.		32,289		764,926
Enphase Energy, Inc.*		4,691		760,693
ONEOK, Inc.		14,974		758,583
Hess Corp.1		10,659		754,231
EOG Resources, Inc.1		10,302		747,204
Pioneer Natural Resources Co.		4,665		740,895
Chevron Corp.1		6,926		725,776
Schlumberger N.V.		26,634		724,178
Marathon Petroleum Corp.1		13,380		715,696
Phillips 66		8,715		710,621
Devon Energy Corp.1		31,863		696,207
Exxon Mobil Corp.1		12,468		696,089
Diamondback Energy, Inc.		9,422		692,423
ConocoPhillips1		13,054		691,470
Halliburton Co.1		32,167		690,304

	Shares		Value
COMMON STOCKS† - 98.5% (continued)
Energy - 4.3% (continued)
Baker Hughes Co.1		31,706	$	685,167
Marathon Oil Corp.1		63,333		676,396
HollyFrontier Corp.		18,827		673,630
Occidental Petroleum Corp.		25,226		671,516
Valero Energy Corp.		9,374		671,178
APA Corp.1		36,395		651,471
NOV, Inc.*		46,267		634,783
Total Energy				17,092,122
Basic Materials - 3.7%
Nucor Corp.		11,076		889,071
Linde plc		2,877		805,963
Sherwin-Williams Co.		1,091		805,169
International Flavors & Fragrances, Inc.1		5,730		799,965
PPG Industries, Inc.		5,318		799,083
Air Products and Chemicals, Inc.1		2,828		795,630
Newmont Corp.1		13,098		789,416
Celanese Corp. — Class A1		5,221		782,158
FMC Corp.1		7,017		776,150
DuPont de Nemours, Inc.1		10,027		774,887
International Paper Co.1		14,303		773,363
Ecolab, Inc.1		3,598		770,224
Dow, Inc.		12,009		767,855
LyondellBasell Industries N.V. — Class A1		7,106		739,379
Mosaic Co.1		23,273		735,660
Eastman Chemical Co.1		6,586		725,250
Albemarle Corp.1		4,913		717,838
CF Industries Holdings, Inc.1		15,685		711,785
Freeport-McMoRan, Inc.		20,648		679,939
Total Basic Materials				14,638,785
Total Common Stocks
(Cost $331,142,657)				388,178,155
EXCHANGE-TRADED FUNDS† - 45.4%
Invesco QQQ Trust Series1,2		187,062		59,697,096
SPDR S&P 500 ETF Trust1,2		150,451		59,628,245
iShares Russell 2000 Index ETF1,2		269,845		59,619,554
Total Exchange-Traded Funds
(Cost $127,944,623)				178,944,895
MONEY MARKET FUND† - 3.4%
Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 0.01%3		13,551,215		13,551,215
Total Money Market Fund
(Cost $13,551,215)				13,551,215
Total Investments - 147.3%
(Cost $472,638,495)			$	580,674,265

Guggenheim Enhanced Equity Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)	March 31, 2021

	Contracts		Value
LISTED OPTIONS WRITTEN† - (1.4)%
Call options on:
BNP Paribas Russell 2000 Index Expiring April 2021 with strike price of $3,990 (Notional Value $119,700,000)*		300		(1,072,500	)
BNP Paribas S&P 500 Index Expiring April 2021 with strike price of $13,125 (Notional Value $119,132,104)*		91		(1,942,850	)
BNP Paribas NASDAQ-100 Index Expiring April 2021 with strike price of $2,230 (Notional Value $119,019,818)*		536		(2,452,200	)
Total Call Options Written
(Premiums received $6,379,154)			$	(5,467,550	)
Other Assets & Liabilities, net - (45.9)%				(180,884,057	)
Total Net Assets - 100.0%			$	394,322,658

 

*	Non-income producing security.
†	Value determined based on Level 1 inputs — See Note 3.
1	All or a portion of these securities have been physically segregated in connection with borrowings. As of March 31, 2021, the total market value of segregated securities was $265,354,387. Security represents cover for outstanding options written.
2	Security represents cover for outstanding options written.
3	Rate indicated is the 7-day yield as of March 31, 2021.

	plc — Public Limited Company
	REIT — Real Estate Investment Trust
See Sector Classification in Other Information section.

The following table summarizes the inputs used to value the Fund’s investments at March 31, 2021 (See Note 3 in the Notes to Schedule of Investments):

Investments in Securities (Assets)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Common Stocks	$	388,178,155	$	—	$	—	$	388,178,155
Exchange-Traded Funds		178,944,895		—		—		178,944,895
Money Market Fund		13,551,215		—		—		13,551,215
Total Assets	$	580,674,265	$	—	$	—	$	580,674,265
Investments in Securities (Liabilities)	Level 1 Quoted Prices		Level 2 Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Options Written	$	5,467,550	$	—	$	—	$	5,467,550

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)    

Note 1 – Organization and Significant Accounting Policies

Organization

Guggenheim Enhanced Equity Income Fund (the “Fund” or “GPM”) a Delaware statutory trust, is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”).

The Fund’s primary investment objective is to seek to provide a high level of current income and current gains, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objective by obtaining broadly diversified exposure to the equity markets and utilizing a covered call strategy which will follow a proprietary dynamic rules-based methodology. The Fund seeks to earn income and gains both from dividends paid by the securities owned by the Fund and cash

premiums received from selling options.

For information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual shareholder report.

Significant Accounting Policies

The Fund operates as an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services – Investment Companies. 

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and are consistently followed by the Fund. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

(a) Valuation of Investments 

The Board of Trustees of the Fund (the “Board”) has adopted policies and procedures for the valuation of the Fund’s investments (the “Valuation Procedures”). Pursuant to the Valuation Procedures, the Board has delegated to a valuation committee, consisting of representatives from Guggenheim’s investment management, fund administration, legal and compliance departments (the “Valuation Committee”), the day-to-day responsibility for implementing the Valuation Procedures, including, under most circumstances, the responsibility for determining the fair value of the Fund’s securities and/or other assets.

Valuations of the Fund’s securities and other assets are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Valuation Committee convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Fund’s officers, through the Valuation Committee and consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly review procedures used and valuations provided by the pricing services.

If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Valuation Committee.

Equity securities listed or traded on a recognized U.S. securities exchange or the National Association of Securities Dealers Automated Quotations (“NASDAQ”) National Market System shall generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there is no sale on the valuation date, exchange-traded U.S. equity securities will be valued on the basis of the last bid price.

Open-end investment companies are valued at their net asset value as of the close of business, on the valuation date. Exchange-traded funds are valued at the last quoted sale price.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter (“OTC”) options are valued using a price provided by a pricing service. 

Investments for which market quotations are not readily available are fair-valued as determined in good faith by Guggenheim Funds Investment Advisors, LLC (“GFIA” or the “Adviser”), subject to review and approval by the Valuation Committee, pursuant to methods established or ratified by the Board. Valuations in accordance with these methods are intended to reflect each security’s (or asset’s or liability’s) “fair value”. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)    

or collateral, spread over U.S. Treasury securities, and other information analysis. 

Note 2 – Derivatives

As part of its investment strategy, the Fund utilizes a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund’s financial position and results of operations.

The Fund utilized derivatives for the following purposes:

Hedge: an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

Speculation: the use of an instrument to express macro-economic and other investment views. 

Options Purchased and Written

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid. As of March 31, 2021, there were no options purchased outstanding.

The risk in writing a call option is that a Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that a Fund may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where a Fund may not be able to enter into a closing transaction because of an illiquid secondary market; or, for OTC options, a Fund may be at risk because of the counterparty’s inability to perform.

In conjunction with the use of derivative instruments, the Fund is required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Fund uses margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Fund as collateral.

The Fund has established counterparty credit guidelines and enters into transactions only with financial institutions of investment grade or better. The Fund monitors the counterparty credit risk.

Note 3 – Fair Value Measurement  

In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market, the most advantageous market for the investment or liability. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)    

Independent pricing services are used to value a majority of the Fund’s investments. When values are not available from a pricing service, they will be determined under the valuation policies that have been reviewed and approved by the Board. In any event, values are determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based

on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis.

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability of the techniques and sources employed to determine fair valuation are regularly monitored and subject to change. 

Note 4 – Federal Income Tax Information

The Fund intends to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Fund from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns are evaluated to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Fund’s tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Fund’s financial statements. The Fund’s U.S. federal income tax returns are subject to examination by the Internal Revenue Service (“IRS”) for a period of three years after they are filed.

At March 31, 2021, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

Tax Cost	Tax Unrealized Appreciation	Tax Unrealized Depreciation	Net Tax Unrealized Appreciation (Depreciation)
$  467,081,274	$  128,220,656	$  (20,095,215)	$  108,125,441

Note 5 – COVID-19

The global ongoing crisis caused by the outbreak of COVID-19 and the current recovery underway is causing disruption to consumer demand and economic output and supply chains. There are still travel restrictions and quarantines, and adverse impacts on local and global economies. Investors should be aware that in light of the current uncertainty, volatility and distress in economies, financial markets, and labor and public health conditions around the world, the Fund’s investments and shareholder’s investment in the Fund are subject to sudden and substantial losses, increased volatility and other adverse events. Firms through which investors invest with the Fund, the Fund, its service providers, the markets in which it invests and market intermediaries are also impacted by quarantines and similar measures intended to respond to and contain the ongoing pandemic, which can obstruct their functioning and subject them to heightened operational and other risks.

OTHER INFORMATION (Unaudited)

Sector Classification

Information in the “Schedule of Investments” is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Fund’s registration statement, the Fund has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Fund usually classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.