<SEC-DOCUMENT>0001193125-13-442195-index.html : 20180606
<SEC-HEADER>0001193125-13-442195.hdr.sgml : 20180606

<ACCEPTANCE-DATETIME>20131114162806

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0001193125-13-442195

CONFORMED SUBMISSION TYPE:	485APOS

PUBLIC DOCUMENT COUNT:		27

FILED AS OF DATE:		20131114

DATE AS OF CHANGE:		20140312


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			SECURITY EQUITY FUND

		CENTRAL INDEX KEY:			0000088525

		IRS NUMBER:				486104426

		STATE OF INCORPORATION:			KS

		FISCAL YEAR END:			0930



	FILING VALUES:

		FORM TYPE:		485APOS

		SEC ACT:		1933 Act

		SEC FILE NUMBER:	002-19458

		FILM NUMBER:		131220574



	BUSINESS ADDRESS:	

		STREET 1:		GUGGENHEIM INVESTMENTS

		STREET 2:		805 KING FARM BOULEVARD, SUITE 600

		CITY:			ROCKVILLE

		STATE:			MD

		ZIP:			20850

		BUSINESS PHONE:		301.296.5100



	MAIL ADDRESS:	

		STREET 1:		GUGGENHEIM INVESTMENTS

		STREET 2:		805 KING FARM BOULEVARD, SUITE 600

		CITY:			ROCKVILLE

		STATE:			MD

		ZIP:			20850



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	SECURITY EQUITY FUND

		DATE OF NAME CHANGE:	19920703




FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			SECURITY EQUITY FUND

		CENTRAL INDEX KEY:			0000088525

		IRS NUMBER:				486104426

		STATE OF INCORPORATION:			KS

		FISCAL YEAR END:			0930



	FILING VALUES:

		FORM TYPE:		485APOS

		SEC ACT:		1940 Act

		SEC FILE NUMBER:	811-01136

		FILM NUMBER:		131220575



	BUSINESS ADDRESS:	

		STREET 1:		GUGGENHEIM INVESTMENTS

		STREET 2:		805 KING FARM BOULEVARD, SUITE 600

		CITY:			ROCKVILLE

		STATE:			MD

		ZIP:			20850

		BUSINESS PHONE:		301.296.5100



	MAIL ADDRESS:	

		STREET 1:		GUGGENHEIM INVESTMENTS

		STREET 2:		805 KING FARM BOULEVARD, SUITE 600

		CITY:			ROCKVILLE

		STATE:			MD

		ZIP:			20850



	FORMER COMPANY:	

		FORMER CONFORMED NAME:	SECURITY EQUITY FUND

		DATE OF NAME CHANGE:	19920703



<SERIES-AND-CLASSES-CONTRACTS-DATA>

<NEW-SERIES-AND-CLASSES-CONTRACTS>

<OWNER-CIK>0000088525

<NEW-SERIES>

<SERIES-ID>S000043985

<SERIES-NAME>Guggenheim Limited Duration Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136507

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136508

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136509

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043986

<SERIES-NAME>Guggenheim Floating Rate Strategies Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136510

<CLASS-CONTRACT-NAME>A-Class

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<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136511

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136512

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043987

<SERIES-NAME>Guggenheim High Yield Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136513

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136514

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136515

<CLASS-CONTRACT-NAME>B-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136516

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043988

<SERIES-NAME>Guggenheim Investment Grade Bond Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136517

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136518

<CLASS-CONTRACT-NAME>B-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136519

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136520

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043989

<SERIES-NAME>Guggenheim Macro Opportunities Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136521

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136522

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136523

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043990

<SERIES-NAME>Guggenheim Municipal Income Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136524

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136525

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136526

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043991

<SERIES-NAME>Guggenheim Total Return Bond Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136527

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136528

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136529

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043992

<SERIES-NAME>Guggenheim Large Cap Value Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136530

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136531

<CLASS-CONTRACT-NAME>B-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136532

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136533

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

<NEW-SERIES>

<SERIES-ID>S000043993

<SERIES-NAME>Guggenheim StylePlus - Mid Growth Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136534

<CLASS-CONTRACT-NAME>A-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136535

<CLASS-CONTRACT-NAME>B-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136536

<CLASS-CONTRACT-NAME>C-Class

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000136537

<CLASS-CONTRACT-NAME>Institutional Class

</CLASS-CONTRACT>

</NEW-SERIES>

</NEW-SERIES-AND-CLASSES-CONTRACTS>

<EXISTING-SERIES-AND-CLASSES-CONTRACTS>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000008805

<SERIES-NAME>Guggenheim StylePlus - Large Core Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023958

<CLASS-CONTRACT-NAME>A

<CLASS-CONTRACT-TICKER-SYMBOL>SECEX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023959

<CLASS-CONTRACT-NAME>B

<CLASS-CONTRACT-TICKER-SYMBOL>SEQBX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023960

<CLASS-CONTRACT-NAME>C

<CLASS-CONTRACT-TICKER-SYMBOL>SFECX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000110205

<CLASS-CONTRACT-NAME>Institutional

<CLASS-CONTRACT-TICKER-SYMBOL>GILIX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000008806

<SERIES-NAME>Guggenheim Alpha Opportunity Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023961

<CLASS-CONTRACT-NAME>A

<CLASS-CONTRACT-TICKER-SYMBOL>SAOAX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023962

<CLASS-CONTRACT-NAME>B

<CLASS-CONTRACT-TICKER-SYMBOL>SAOBX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023963

<CLASS-CONTRACT-NAME>C

<CLASS-CONTRACT-TICKER-SYMBOL>SAOCX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000071557

<CLASS-CONTRACT-NAME>Institutional

<CLASS-CONTRACT-TICKER-SYMBOL>SAOIX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000008807

<SERIES-NAME>Guggenheim World Equity Income Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023964

<CLASS-CONTRACT-NAME>A

<CLASS-CONTRACT-TICKER-SYMBOL>SEQAX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023965

<CLASS-CONTRACT-NAME>B

<CLASS-CONTRACT-TICKER-SYMBOL>SGOBX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023966

<CLASS-CONTRACT-NAME>C

<CLASS-CONTRACT-TICKER-SYMBOL>SFGCX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000100456

<CLASS-CONTRACT-NAME>I

<CLASS-CONTRACT-TICKER-SYMBOL>SEWIX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000008809

<SERIES-NAME>Guggenheim Mid Cap Value Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023970

<CLASS-CONTRACT-NAME>A

<CLASS-CONTRACT-TICKER-SYMBOL>SEVAX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023971

<CLASS-CONTRACT-NAME>B

<CLASS-CONTRACT-TICKER-SYMBOL>SVSBX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000023972

<CLASS-CONTRACT-NAME>C

<CLASS-CONTRACT-TICKER-SYMBOL>SEVSX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000022641

<SERIES-NAME>Guggenheim Small Cap Value Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000065507

<CLASS-CONTRACT-NAME>A

<CLASS-CONTRACT-TICKER-SYMBOL>SSUAX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000065508

<CLASS-CONTRACT-NAME>C

<CLASS-CONTRACT-TICKER-SYMBOL>SSVCX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000065509

<CLASS-CONTRACT-NAME>Institutional

<CLASS-CONTRACT-TICKER-SYMBOL>SSUIX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000022644

<SERIES-NAME>Guggenheim Mid Cap Value Institutional Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000065512

<CLASS-CONTRACT-NAME>Mid Cap Value Institutional

<CLASS-CONTRACT-TICKER-SYMBOL>SVUIX

</CLASS-CONTRACT>

</SERIES>

<SERIES>

<OWNER-CIK>0000088525

<SERIES-ID>S000040957

<SERIES-NAME>Guggenheim Enhanced World Equity Fund

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000127057

<CLASS-CONTRACT-NAME>A-Class

<CLASS-CONTRACT-TICKER-SYMBOL>GIJKX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000127058

<CLASS-CONTRACT-NAME>C-Class

<CLASS-CONTRACT-TICKER-SYMBOL>GIJLX

</CLASS-CONTRACT>

<CLASS-CONTRACT>

<CLASS-CONTRACT-ID>C000127059

<CLASS-CONTRACT-NAME>Institutional Class

<CLASS-CONTRACT-TICKER-SYMBOL>GIJMX

</CLASS-CONTRACT>

</SERIES>

</EXISTING-SERIES-AND-CLASSES-CONTRACTS>

</SERIES-AND-CLASSES-CONTRACTS-DATA>

</SEC-HEADER>

<DOCUMENT>
<TYPE>485APOS
<SEQUENCE>1
<FILENAME>d625076d485apos.htm
<DESCRIPTION>SECURITY EQUITY - PROSPECTUS DATED JANUARY 28, 2013
<TEXT>
Document 1 - file: d625076d485apos.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>g624925g03o77.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 3 - file: g624925g03o77.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>g624925g21x10.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 4 - file: g624925g21x10.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>g624925g26v51.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 5 - file: g624925g26v51.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>g624925g31p08.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 6 - file: g624925g31p08.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>g624925g42p84.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 7 - file: g624925g42p84.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>g624925g44f26.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 8 - file: g624925g44f26.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>g624925g64q06.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 9 - file: g624925g64q06.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>10 <FILENAME>g624925g91e82.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 10 - file: g624925g91e82.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>11 <FILENAME>g624925sai103.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 11 - file: g624925sai103.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>12 <FILENAME>g624941g38m71.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 12 - file: g624941g38m71.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>13 <FILENAME>g624941g38y53.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 13 - file: g624941g38y53.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>14 <FILENAME>g624941snap2.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 14 - file: g624941snap2.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>15 <FILENAME>g624997g45b16.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 15 - file: g624997g45b16.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>16 <FILENAME>g624997g48v51.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 16 - file: g624997g48v51.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>17 <FILENAME>g62507613.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 17 - file: g62507613.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>18 <FILENAME>g62507640.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 18 - file: g62507640.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>19 <FILENAME>g625076g22t48.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 19 - file: g625076g22t48.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>20 <FILENAME>g625076g26z34.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 20 - file: g625076g26z34.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>21 <FILENAME>g625076g35n76.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 21 - file: g625076g35n76.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>22 <FILENAME>g625076g50l54.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 22 - file: g625076g50l54.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>23 <FILENAME>g625076g77a98.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 23 - file: g625076g77a98.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>24 <FILENAME>g625076g87e06.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 24 - file: g625076g87e06.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>25 <FILENAME>g625076snap3.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 25 - file: g625076snap3.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>26 <FILENAME>g625076snap5.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 26 - file: g625076snap5.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>27 <FILENAME>g625076snap7.jpg <DESCRIPTION>GRAPHIC <TEXT> Document 27 - file: g625076snap7.jpg
</DOCUMENT> <DOCUMENT> <TYPE>COVER <SEQUENCE>28 <FILENAME>filename28.htm <TEXT> Document 28 - file: filename28.htm
</DOCUMENT> </SEC-DOCUMENT>