Guggenheim Strategic Opportunities Fund

Guggenheim Strategic Opportunities Fund is a closed-ended balanced mutual fund that invests in public equity and fixed income markets globally. The fund is managed by Guggenheim Funds Investment Advisors, LLC, with co-management by Guggenheim Partners Investment Management LLC. For its equity investments, the fund directly invests in stocks and uses derivatives, such as writing covered call and put options, focusing on value stocks of companies across all capitalizations and diversified sectors. The equity portion of the portfolio is benchmarked against the S&P 500 Index. For its fixed income investments, the fund targets securities including corporate bonds, loans, loan participations, structured finance investments, and U.S. government and agency securities. These fixed income securities must not be rated below CCC by S&P or Caa2 by Moody's. The fixed income part of the portfolio is benchmarked against the Barclays Aggregate Bond Index. The fund employs a combination of quantitative and qualitative analysis to construct its portfolio. Formed on November 13, 2006, Guggenheim Strategic Opportunities Fund is domiciled in the United States and was formerly known as Claymore/Guggenheim Strategic Opportunities Fund.