Guggenheim Funds Trust

0001193125-24-150422.txt : 20240530 0001193125-24-150422.hdr.sgml : 20240530 20240530164058 ACCESSION NUMBER: 0001193125-24-150422 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 EFFECTIVENESS DATE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GUGGENHEIM FUNDS TRUST CENTRAL INDEX KEY: 0000088525 ORGANIZATION NAME: IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-19458 FILM NUMBER: 241006107 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: SECURITY EQUITY FUND DATE OF NAME CHANGE: 19920703

0000088525 S000043992 Guggenheim Large Cap Value Fund

C000136530 A-Class SECIX

C000136532 C-Class SEGIX

C000136533 Institutional Class GILCX

C000155972 P SEGPX

497K 1 d770877d497k.htm GUGGENHEIM FUNDS TRUST Guggenheim Funds Trust

Guggenheim Funds Trust

702 King Farm Blvd., Suite 200

Rockville, Maryland 20850

Important Notice Regarding Proposed Fund Reorganization

Supplement Dated May 30, 2024 to the currently effective Guggenheim Funds Trust Summary Prospectuses, Prospectuses and Statement of Additional Information dated January 31, 2024, as supplemented from time to time, for Guggenheim Alpha Opportunity Fund, Guggenheim Large Cap Value Fund, Guggenheim Market Neutral Real Estate Fund, Guggenheim Risk Managed Real Estate Fund, Guggenheim SMid Cap Value Fund, Guggenheim StylePlus—Large Core Fund, Guggenheim StylePlus—Mid Growth Fund and Guggenheim World Equity Income Fund (each, an “Acquired Fund” and collectively, the “Acquired Funds”)

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

On May 24, 2024, the Board of Trustees of Guggenheim Funds Trust (the “Board”) approved Agreements and Plans of Reorganization (the “Plans of Reorganization”) providing for the reorganization of each series (fund) of Guggenheim Funds Trust identified below, into the series of New Age Alpha Funds Trust identified below (each, an “Acquiring Fund” and collectively, the “Acquiring Funds”) (each, a “Reorganization” and collectively, the “Reorganizations”), subject to shareholder approval. Upon completion of a Reorganization, shareholders of the Acquired Fund will become shareholders of the Acquiring Fund and will own a corresponding class of shares of the Acquiring Fund equal in value to the shares of the Acquired Fund immediately prior to the Reorganization.


Acquired Fund		Acquiring Fund
Guggenheim Alpha Opportunity Fund		New Age Alpha Opportunity Fund
Guggenheim Large Cap Value Fund		New Age Alpha Large Cap Value Fund*
Guggenheim Market Neutral Real Estate Fund		New Age Alpha Market Neutral Real Estate Fund
Guggenheim Risk Managed Real Estate Fund		New Age Alpha Risk Managed Real Estate Fund
Guggenheim SMid Cap Value Fund		New Age Alpha SMid Cap Value Fund
Guggenheim StylePlus—Large Core Fund		New Age Alpha Large Core Fund
Guggenheim StylePlus—Mid Growth Fund		New Age Alpha Mid Growth Fund
Guggenheim World Equity Income Fund		New Age Alpha World Equity Income Fund

*	The Reorganization would also include the Guggenheim RBP^® Large-Cap Defensive Fund, Guggenheim RBP^® Dividend Fund and Guggenheim RBP^® Large-Cap Value Fund, each a series of Transparent Value Trust, which is part of the Guggenheim Family of Funds, if approved by shareholders of these other funds.

If approved by shareholders, each proposed Reorganization is expected to occur on or about October 25, 2024, or any such other date as the parties may agree.

Proxy Statement/Prospectus. Shareholders of each Acquired Fund as of August 19, 2024 (the “Record Date”) will receive a Proxy Statement/Prospectus seeking their approval of the Plan of Reorganization

relating to their Acquired Fund. More information on the specific details of and reasons for the proposed Reorganizations will be contained in the Proxy Statement/Prospectus. The Proxy Statement/Prospectus will also describe the similarities and differences between each Acquired Fund and its corresponding Acquiring Fund, as well as the anticipated repositioning of certain Acquired Funds’ holdings and resulting tax implications to those Acquired Funds and their shareholders. The investment manager for the Acquiring Funds is New Age Alpha Advisors, LLC. The Proxy Statements/Prospectuses are anticipated to be mailed to shareholders of record in September 2024. At a special meeting of shareholders to be held on or about October 24, 2024, the shareholders of each Acquired Fund will be asked to approve the corresponding Reorganization.

Plan of Reorganization. Each Plan of Reorganization provides for: (i) the transfer of all of the assets of an Acquired Fund to the corresponding Acquiring Fund, in exchange solely for shares of equal aggregate value of the corresponding class of the Acquiring Fund; (ii) the assumption by the Acquiring Fund of all of the liabilities of the corresponding Acquired Fund; (iii) the distribution, after the consummation of the Reorganization, of Acquiring Fund shares to Acquired Fund shareholders; and (iv) the termination, dissolution and liquidation of the Acquired Fund, all upon the terms and conditions set forth in the Plan of Reorganization. Each Reorganization should be tax-free for federal income tax purposes.

The dates set forth in this supplement may be changed without notice by the officers of Guggenheim Funds Trust.

Please retain this supplement for future reference.

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