Guggenheim Limited Duration Fund expected to launch Dec. 16

By Toni Weeks

San Luis Obispo, Calif., Dec. 10 - Security Income Fund gave details in an N-1A filing with the Securities and Exchange Commission of its new Guggenheim Limited Duration Fund. The fund is expected to launch on Dec. 16.

The fund seeks to provide a high level of income consistent with preservation of capital by investing at least 80% of its assets in a diversified portfolio of debt securities and financial instruments that should perform similarly to debt securities as well as investment vehicles that provide exposure to debt securities. The fund may hold fixed-income securities of any quality, subject to a limit of 35% for investments in fixed-income securities rated below investment grade. The fund expects to maintain a dollar-weighted average duration of less than 3.5 years.

Anne B. Walsh, James W. Michal and Steven H. Brown are the portfolio managers.

The fund offers class A, class C and institutional class shares. The ticker symbols are "GILDX," "GILFX" and "GILHX," respectively.

Shareholder fees consist of a maximum sales charge of 2.25% for class A shares and a maximum deferred sales charge of 1% for class C shares.

Including management fees of 0.45%, and taking into account the effects of a fee waiver, total annual fund operating expenses are expected to be 0.83% for class A, 1.58% for class C and 0.58% for institutional class shares.

Santa Monica, Calif.-based Guggenheim Partners Investment Management, LLC, doing business as Guggenheim Investments, serves as the investment manager of the fund.

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