POWER OF ATTORNEY

BY THESE PRESENTS, that each of the undersigned constitutes and appoints Amy J. Lee, Mark E. Mathiasen and Michael P. Megaris to act as attorney-in-fact and agent with full power of substitution and resubstitution of him or her in his or her name, place and stead, to sign any and all registration statements on Form N-1A applicable to the Guggenheim Funds Trust, Guggenheim Variable Funds Trust, Guggenheim Strategy Funds Trust, Transparent Value Trust, Rydex Series Funds, Rydex Dynamic Funds and Rydex Variable Trust, and any amendment or supplement thereto, and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as they might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or their substitutes, may lawfully do or cause to be done by virtue thereof.

This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.

IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney as of this 13^th day of November, 2019.

/s/ Randall C. Barnes	/s/ Thomas F. Lydon, Jr.
Randall C. Barnes /s/ Angela Brock-Kyle	Thomas F. Lydon, Jr. /s/ Ronald A. Nyberg
Angela Brock-Kyle /s/ Donald A. Chubb, Jr.	Ronald A. Nyberg /s/ Sandra G. Sponem
Donald A. Chubb, Jr. /s/ Jerry B. Farley	Sandra G. Sponem /s/ Ronald E. Toupin, Jr.
Jerry B. Farley /s/ Roman Friedrich III	Ronald E. Toupin, Jr.
Roman Friedrich III

POWER OF ATTORNEY

BY THESE PRESENTS, that the undersigned constitutes and appoints Mark E. Mathiasen and Michael P. Megaris to act as attorney-in-fact and agent with full power of substitution and resubstitution of him in her name, place and stead, to sign any and all registration statements on Form N-1A applicable to the Guggenheim Funds Trust, Guggenheim Variable Funds Trust, Guggenheim Strategy Funds Trust, Transparent Value Trust, Rydex Series Funds, Rydex Dynamic Funds and Rydex Variable Trust, and any amendment or supplement thereto, and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as they might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or their substitutes, may lawfully do or cause to be done by virtue thereof.

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of this 13^th day of November, 2019.

/s/ Amy J. Lee

Amy J. Lee