0001193125-24-158873.txt : 20240611 0001193125-24-158873.hdr.sgml : 20240611 20240611120550 ACCESSION NUMBER: 0001193125-24-158873 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240611 DATE AS OF CHANGE: 20240611 EFFECTIVENESS DATE: 20240611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Guggenheim Variable Funds Trust CENTRAL INDEX KEY: 0000217087 ORGANIZATION NAME: IRS NUMBER: 480873454 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-59353 FILM NUMBER: 241035080 BUSINESS ADDRESS: STREET 1: 702 KING FARM BOULEVARD STREET 2: SUITE 200 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 301-296-5100 MAIL ADDRESS: STREET 1: 702 KING FARM BOULEVARD STREET 2: SUITE 200 CITY: ROCKVILLE STATE: MD ZIP: 20850 FORMER COMPANY: FORMER CONFORMED NAME: SBL FUND DATE OF NAME CHANGE: 19920703 0000217087 S000010062 SERIES Z (ALPHA OPPORTUNITY SERIES) C000027861 A 497K 1 d114227d497k.htm 497K 497K

Guggenheim Variable Funds Trust

702 King Farm Blvd., Suite 200

Rockville, Maryland 20850

Important Notice Regarding Proposed Fund Liquidation

Supplement Dated June 11, 2024 to the currently effective Guggenheim Variable Funds Trust Summary Prospectus, Prospectus and Statement of Additional Information dated May 1, 2024, as supplemented from time to time, for Series Z (Alpha Opportunity Series) (the “Fund”)

This supplement provides updated information beyond that contained in the Summary Prospectus, Prospectus and Statement of Additional Information and should be read in conjunction with the foregoing documents.

As previously announced, subject to shareholder approval, the Fund will be closed and liquidated pursuant to the terms of a Plan of Liquidation (the “Liquidation”). If approved by shareholders of the Fund, the Liquidation is now expected to occur on or about August 16, 2024, or such other date determined by an officer of Guggenheim Variable Funds Trust (the “Liquidation Date”). References to the Liquidation Date in the supplement dated May 30, 2024, are updated accordingly.

Please retain this supplement for future reference.

SUPP-VTAOP2-0624x0525