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Short Momentum Fund&lt;/b&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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U.S. Long Short Momentum Fund (the &amp;#147;Fund&amp;#148;) seeks long-term capital appreciation.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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table describes the fees and expenses that you may pay if you buy and hold A-Class Shares, C-Class Shares or Institutional Class

Shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future,

at least $100,000 in certain funds in the Guggenheim Investments family of funds. More information about these and other discounts

is available from your financial professional and under the &amp;#147;Sales Charges&amp;#148; section on page 269 of this Prospectus

and in the &amp;#147;Sales Charges, Reductions, and Waivers&amp;#148; section beginning on page 94 of the Fund&amp;#146;s Statement of Additional

Information (the &amp;#147;SAI&amp;#148;).&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds.  Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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A-Class, C-Class and Institutional Class Shares Prospectus

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Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; background-color: white; color: #333333"&gt;The

Example assumes that you invest $10,000 in the Fund for the time periods indicated, and then redeem all of your shares at the end

of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund&amp;#146;s operating expenses

remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_PortfolioTurnoverHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PORTFOLIO TURNOVER&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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Fund pays transaction costs, such as commissions, when it buys and sells securities (or &amp;#147;turns over&amp;#148; its portfolio).

A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held

in a taxable&lt;/font&gt;&lt;font style="color: black"&gt; &lt;/font&gt;&lt;font style="color: #333333"&gt;account. These costs, which are not reflected

in Total Annual Fund Operating Expenses or in the Example, affect the Fund&amp;#146;s performance. During the most recent fiscal year,

the Fund&amp;#146;s portfolio turnover rate was 183% of the average value of its portfolio. The Fund&amp;#146;s portfolio turnover rate

is calculated without regard to cash instruments or derivatives. If such instruments were included, the Fund&amp;#146;s portfolio

turnover rate might be significantly higher.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_StrategyHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PRINCIPAL INVESTMENT STRATEGIES&lt;font style="color: black; line-height: 115%"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Strategy [Heading]</Label></Row><Row FlagID="0"><Id>19</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_StrategyNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #333333"&gt;The

Fund seeks to respond to the dynamically changing economy by moving its investments among different industries and styles. The

Advisor allocates investments to industries and styles according to several measures of momentum. Companies associated with industries

and/or styles demonstrating positive momentum are favored while those experiencing negative momentum are disfavored.&amp;#160;The Fund

may hold both long and short positions.&amp;#160;Equity positions are determined based on their associated industry and style momentum,

risk characteristics, and liquidity.&amp;#160;The Fund invests in equity securities, including small-, mid-, and large-capitalization

securities, such as U.S. traded common stocks and American Depositary Receipts (&amp;#147;ADRs&amp;#148;), but also may invest in derivative

instruments which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and

stock indices.&amp;#160;Equity index swaps and futures and options contracts enable the Fund to pursue its investment objective without

investing directly in the securities of companies included in the different sectors or industries to which the Fund is seeking

exposure. The Fund may invest in derivatives to hedge or gain leveraged exposure to a particular sector, industry or company depending

on market conditions. Certain of the Fund&amp;#146;s derivative investments may be traded in the over-the-counter (&amp;#147;OTC&amp;#148;)

market, which generally provides for less transparency than exchange-traded derivative instruments.&amp;#160;The Fund also may enter

into short sales of broad-based stock indices for hedging purposes in an effort to reduce portfolio risk or volatility.&amp;#160;While

the Fund anticipates investing in these instruments to seek to achieve its investment objective, the extent of the Fund&amp;#146;s

investment in these instruments may vary from day to day depending on a number of different factors, including price, availability,

and general market conditions. On a day-to-day basis, the Fund may hold U.S. government securities, short-term, high quality (rated

AA or higher) fixed income securities, money market instruments, overnight and fixed-term repurchase agreements, cash and other

cash equivalents with maturities of one year or less to collateralize its derivative positions or for defensive purposes to seek

to avoid losses during adverse market conditions.&amp;#160;The Fund also may enter into repurchase agreements with counterparties that

are deemed to present acceptable credit risks. In an effort to ensure that the Fund is fully invested on a day-to-day basis, the

Fund may conduct significant trading activity at or just prior to the close of the U.S. financial markets.&amp;#160;The Fund is non-diversified

and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_RiskHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PRINCIPAL RISKS&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Narrative Risk Disclosure.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_RiskNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #333333"&gt;As

with all mutual funds, a shareholder is subject to the risk that his or her investment could lose money. In addition to this risk,

the Fund is subject to a number of additional risks that may affect the value of its shares, including:&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;CFTC

Regulatory Risk&lt;/b&gt;&amp;#151;The Commodity Futures Trading Commission (&amp;#147;CFTC&amp;#148;) has recently adopted amendments to certain

CFTC rules, and is in the process of promulgating new rules, that will subject the Fund and the Advisor to certain CFTC disclosure,

reporting, and recordkeeping requirements if the Fund does not operate within certain derivatives trading and marketing limitations.

Compliance with these additional requirements will likely increase Fund expenses and may adversely affect the Fund&amp;#146;s ability

to obtain exposure to certain investments and the commodities market generally. Certain of the regulatory requirements that would

apply to the Fund have not yet been adopted, and it is unclear what the effect of those requirements would be on the Fund if they

are adopted. Consistent with the Fund&amp;#146;s investment strategies and investment policies, the Advisor intends to maintain the

flexibility to utilize certain derivatives beyond the CFTC&amp;#146;s new trading limitations and to comply with CFTC rules to the

extent required to maintain such investment flexibility.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Counterparty

Credit Risk&lt;/b&gt;&amp;#151;The Fund may invest in financial instruments involving counterparties that attempt to gain exposure to a

particular group of securities, index or asset class without actually purchasing those securities or investments, or to hedge a

position. The Fund&amp;#146;s use of such financial instruments, including swap agreements and structured notes, involves risks that

are different from those associated with ordinary portfolio securities transactions. For example, if a swap agreement counterparty

defaults on its payment obligations to the Fund, this default will cause the value of your investment in the Fund to decrease.

Swap agreements and structured notes also may be considered to be illiquid. Similarly, if the credit quality of an issuer or guarantor

of a debt instrument improves, this change may adversely affect the value of the Fund&amp;#146;s investment.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Depositary

Receipt Risk&lt;/b&gt;&amp;#151;The Fund may hold the securities of non-U.S. companies in the form of ADRs. The underlying securities of

the ADRs in the Fund&amp;#146;s portfolio are subject to fluctuations in foreign currency exchange rates that may affect the value

of the Fund&amp;#146;s portfolio. In addition, the value of the securities underlying the ADRs may change materially when the U.S.

markets are not open for trading. Investments in the underlying foreign securities also involve political and economic risks distinct

from those associated with investing in the securities of U.S. issuers.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Derivatives

Risk&lt;/b&gt;&amp;#151;The Fund&amp;#146;s investments in derivatives may pose risks in addition to those associated with investing directly

in securities or other investments, including illiquidity of the derivatives, imperfect correlations with underlying investments

or the Fund&amp;#146;s other portfolio holdings, lack of availability and counterparty risk. When used to generate leveraged exposure,

the Fund&amp;#146;s investments in derivatives may expose the Fund to potentially dramatic losses (or gains) in the value of the derivative

instruments. The Fund could lose more than the principal amount invested.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Early

Closing Risk&lt;/b&gt;&amp;#151;The Fund is subject to the risk that unanticipated early closings of securities exchanges and other financial

markets may result in the Fund&amp;#146;s inability to buy or sell securities or other financial instruments on that day and may cause

the Fund to incur substantial trading losses.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Equity

Risk&lt;/b&gt;&amp;#151;The Fund is subject to the risk that the value of the equity securities or equity-based derivatives in the Fund&amp;#146;s

portfolio will decline due to volatility in the equity market caused by general market and economic conditions, perceptions regarding

particular industries represented in the equity market, or factors relating to specific companies to which the Fund has investment

exposure.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Large-Capitalization

Securities Risk&lt;/b&gt;&amp;#151;The Fund is subject to the risk that large-capitalization stocks may underperform other segments of the

equity market or the equity market as a whole.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Leveraging

Risk&lt;/b&gt;&amp;#151;The Fund&amp;#146;s investment in derivative instruments generally requires a small investment relative to the amount

of investment exposure assumed.&amp;#160;As a result, such investments may give rise to losses that exceed the amount invested in those

instruments.&amp;#160;The cost of investing in such instruments generally increases as interest rates increase, which will lower the

Fund&amp;#146;s return.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Market

Risk&lt;/b&gt;&amp;#151;The Fund&amp;#146;s investments in securities and derivatives, in general, are subject to market risks that may cause

their prices, and therefore the Fund&amp;#146;s value, to fluctuate over time. An investment in the Fund may lose money.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Mid-Capitalization

Securities Risk&lt;/b&gt;&amp;#151;The Fund is subject to the risk that medium-capitalization stocks may underperform other segments of

the equity market or the equity market as a whole.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Non-Diversification

Risk&lt;/b&gt;&amp;#151;The Fund is considered non-diversified and can invest a greater portion of its assets in securities of individual

issuers than a diversified fund. As a result, changes in the market value of a single security could cause greater fluctuations

in the value of Fund shares than would occur in a diversified fund.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;OTC

Trading Risk&lt;/b&gt;&amp;#151;Certain of the derivatives in which the Fund may invest may be traded (and privately negotiated) in the

OTC market. While the OTC derivatives market is the primary trading venue for many derivatives, it is largely unregulated. As a

result and similar to other privately negotiated contracts, the Fund is subject to counterparty credit risk with respect to such

derivative contracts.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Portfolio

Turnover Risk&lt;/b&gt;&amp;#151;The Fund&amp;#146;s strategy may frequently involve buying and selling portfolio securities, which may lead

to increased costs to the Fund. Portfolio turnover risk may cause the Fund&amp;#146;s performance to be less than you expect.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Repurchase

Agreement Risk&lt;/b&gt;&amp;#151;The Fund&amp;#146;s investment in repurchase agreements may be subject to market and credit risk with respect

to the collateral securing the repurchase agreements. Investments in repurchase agreements also may be subject to the risk that

the market value of the underlying obligations may decline prior to the expiration of the repurchase agreement term.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Sector

Risk&lt;/b&gt;&amp;#151;Because the Fund seeks to gain exposure to different industries and sectors in the economy, from time to time, it

may invest a significant percentage of the Fund&amp;#146;s assets in issuers in a single industry or sector of the economy. To the

extent the Fund has significant investment exposure to an industry or sector, such exposure may present more risks than if the

Fund&amp;#146;s investments were more broadly diversified. While the Fund&amp;#146;s sector and industry exposure is expected to vary

over time, the Fund anticipates that it may be subject to some or all of the risks described below. The list below is not a comprehensive

list of the sectors and industries the Fund may have exposure to over time and should not be relied on as such.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0 33.65pt; text-align: justify; color: #333333"&gt;&lt;b&gt;Basic

Materials Sector Risk&lt;/b&gt;&amp;#151;To the extent that the Fund&amp;#146;s investments are focused in issuers conducting business in the

basic materials sector, the Fund is subject to the risk that the securities of such issuers will underperform the market as a whole

due to legislative or regulatory changes, adverse market conditions and/or increased competition affecting the basic materials

sector. The prices of the securities of basic materials companies also may fluctuate widely due to the level and volatility of

commodity prices, the exchange value of the U.S. dollar, import controls, worldwide competition, liability for environmental damage,

depletion of resources, and mandated expenditures for safety and pollution control devices.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0 33.65pt; text-align: justify"&gt;&lt;font style="color: #333333"&gt;&lt;b&gt;Energy

Sector Risk&lt;/b&gt;&amp;#151;To the extent that the Fund&amp;#146;s investments are focused in the energy sector, the Fund is subject to

the risk that the securities of such issuers will underperform the market as a whole due to legislative or regulatory changes,

adverse&lt;/font&gt;&lt;font style="color: black"&gt; &lt;/font&gt;&lt;font style="color: #333333"&gt;market conditions and/or increased competition affecting

the energy and energy commodities sectors. The prices of the securities of energy companies also may fluctuate widely due to changes

in value and dividend yield, which depend largely on the price and supply of energy fuels, international political events relating

to oil producing countries, energy conservation, the success of exploration projects, and tax and other governmental regulatory

policies.&lt;/font&gt;&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0 33.65pt; text-align: justify; color: #333333"&gt;&lt;b&gt;Financial

Services Sector Risk&lt;/b&gt;&amp;#151;To the extent that the Fund&amp;#146;s investments are focused in issuers conducting business in the

financial services sector, the Fund is subject to the risk that the securities of such issuers will underperform the market as

a whole due to legislative or regulatory changes, adverse market conditions and/or increased competition affecting that economic

sector. Financial services companies are subject to extensive governmental regulation which may limit both the amounts and types

of financial commitments they can make, and the interest rates and fees they can charge. Profitability is largely dependent on

the availability and cost of capital funds, and can fluctuate significantly when interest rates change or due to increased competition.

In addition, the recent deterioration of the credit markets generally has caused an adverse impact on a wide range of financial

institutions and markets. Recent events in the financial sector have resulted, and may continue to result, in an unusually high

degree of volatility in the financial markets, both domestic and foreign, and caused certain financial services companies to incur

large losses.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0 33.65pt; text-align: justify; color: #333333"&gt;&lt;b&gt;Real

Estate Sector Risk&lt;/b&gt;&amp;#151;To the extent that the Fund&amp;#146;s investments are focused in issuers conducting business in the

real estate sector, the Fund is subject to the risk that the securities of such issuers will underperform the market as a whole

due to legislative or regulatory changes, adverse market conditions and/or increased competition affecting that economic sector.

The general performance of the real estate industry has historically been cyclical and particularly sensitive to economic downturns.

Changes in prevailing real estate values and rental income, interest rates and changing demographics may affect the value of securities

of issuers in the real estate industry. Investments in real estate companies and REITs also may subject the Fund to the risks associated

with the direct ownership of real estate. In addition to these risks, REITs are dependent on specialized management skills. These

factors may increase the volatility of the Fund&amp;#146;s investments in REITs.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0 33.65pt; text-align: justify; color: #333333"&gt;&lt;b&gt;Technology

Sector Risk&lt;/b&gt;&amp;#151;To the extent that the Fund&amp;#146;s investments are concentrated in issuers conducting business in the technology

sector, the Fund is subject to the risk that the securities of such issuers will underperform the market as a whole due to legislative

or regulatory changes, adverse market conditions and/or increased competition affecting that economic sector. The prices of the

securities of technology companies also may fluctuate widely due to competitive pressures, increased sensitivity to short product

cycles and aggressive pricing, problems relating to bringing their products to market, very high price/earnings ratios, and high

personnel turnover due to severe labor shortages for skilled technology professionals.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Short

Sales Risk&lt;/b&gt;&amp;#151;Short selling a security involves selling a borrowed security with the expectation that the value of the security

will decline, so that the security may be purchased at a lower price when returning the borrowed security. The risk for loss on

short selling is greater than the original value of the security sold short because the price of the borrowed security may rise,

thereby increasing the price at which the security must be purchased. Government actions also may affect the Fund&amp;#146;s ability

to engage in short selling.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Small-Capitalization

Securities Risk&lt;/b&gt;&amp;#151;The Fund is subject to the risk that small-capitalization stocks may underperform other segments of the

equity market or the equity market as a whole.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 3.2pt 0 0; text-align: justify; color: #333333"&gt;&lt;b&gt;Trading

Halt Risk&lt;/b&gt;&amp;#151;If a trading halt occurs, the Fund may temporarily be unable to purchase or sell certain securities, options

or futures contracts. Such a trading halt near the time the Fund prices its shares may limit the Fund&amp;#146;s ability to use leverage

and may prevent the Fund from achieving its investment objective.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 1



 -Subparagraph i



 -Clause instruction







</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Risk Narrative [Text Block]</Label></Row><Row FlagID="0"><Id>22</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_BarChartAndPerformanceTableHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin: 0"&gt;&lt;font style="font: 8pt Times New Roman, Times, Serif"&gt;&lt;b&gt;PERFORMANCE INFORMATION&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Risk/Return Bar Chart and Table.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2







</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Bar Chart and Performance Table [Heading]</Label></Row><Row FlagID="0"><Id>23</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_PerformanceNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #333333"&gt;The following bar chart

shows the performance of the C-Class Shares of the Fund from year to year. The variability of performance over time provides an

indication of the risks of investing in the Fund. The following tables show the performance of the A-Class Shares, C-Class Shares

and Institutional Class Shares of the Fund as an average over different periods of time in comparison to the performance of a

broad-based market index. The figures in the bar chart and tables assume the reinvestment of dividends and capital gains distributions

but do not reflect sales charges. If they did, returns would be lower. Of course, this past performance (before and after taxes)

does not necessarily indicate how the Fund will perform in the future. Prior to May&amp;#160;28, 2010, the Fund did not employ a hedging

model to achieve its objective; therefore, the performance and average annual total returns shown for periods prior to May&amp;#160;28,

2010 may have differed had the Fund&amp;#146;s current investment strategy been in effect during those periods.&lt;/p&gt;



&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 1.6pt 0 0; text-align: justify; color: #333333"&gt;Updated performance

information is available on the Fund&amp;#146;s website at www.guggenheiminvestments.com or by calling Guggenheim Investments Client

Services at 800.820.0888.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Risk/Return Bar Chart and Table.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2







</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Performance Narrative [Text Block]</Label></Row><Row FlagID="0"><Id>24</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_BarChartNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/115% Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #333333"&gt;The performance

information shown below for C-Class Shares is based on a calendar year. The year-to-date return for the period from January&amp;#160;1,

2013 through June&amp;#160;30, 2013 is 7.34%.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph i







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UnitID=""><Id>91</Id><IsNumeric>false</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member_custom_C000010316Member" UnitID="Ratio"><Id>92</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0.2997</NumericAmount><RoundedNumericAmount>0.2997</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell><Cell FlagID="0" ContextID="" UnitID=""><Id>93</Id><IsNumeric>false</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003657Member_custom_C000113321Member" UnitID="Ratio"><Id>94</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0.0024</NumericAmount><RoundedNumericAmount>0.0024</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol 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Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.  When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>2</Level><ElementName>rr_AnnualReturn2003</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells /><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.  When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



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 -Chapter A



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 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



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 -Exhibit a







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph ii







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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/><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003657Member_custom_C000113321Member" UnitID="Ratio"><Id>94</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0.0422</NumericAmount><RoundedNumericAmount>0.0422</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 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 -Publisher SEC



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 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph instructions



 -Clause 3



 -Exhibit a







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph ii







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph ii







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ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003657Member_custom_C000113321Member" UnitID="Ratio"><Id>94</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0.0005</NumericAmount><RoundedNumericAmount>0.0005</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. 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 -Publisher SEC



 -Name Form



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 -Chapter A



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 -Subsection b



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 -Subparagraph instructions



 -Clause 3



 -Exhibit a







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 -Publisher SEC



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 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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 -Clause 3



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph instructions



 -Clause 3



 -Exhibit a







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



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UnitID="Ratio"><Id>94</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0.0001</NumericAmount><RoundedNumericAmount>0.0001</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. 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 -Publisher SEC



 -Name Form



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 -Chapter A



 -Section 4



 -Subsection b



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 -Subparagraph instructions



 -Clause 3



 -Exhibit a







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</LabelSeparator><Level>2</Level><ElementName>rr_AnnualReturn2011</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells /><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.  When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph instructions



 -Clause 3



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</LabelSeparator><Level>0</Level><ElementName>rr_AnnualReturn2011</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member_custom_C000010316Member" UnitID="Ratio"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>-0.0754</NumericAmount><RoundedNumericAmount>-0.0754</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:pureItemType</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.  When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



 -Subparagraph instructions



 -Clause 3



 -Exhibit a







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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



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</LabelSeparator><Level>4</Level><ElementName>rr_BarChartClosingTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"&gt;

&lt;tr&gt;

    &lt;td style="vertical-align: top"&gt;

        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-align: justify; text-indent: -12pt; color: #333333"&gt;Highest

        Quarter Return&lt;/p&gt;

        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0.55pt 12pt; text-align: justify; text-indent: -12pt; color: #333333"&gt;(quarter

        ended 9/30/2009) 15.68%&lt;/p&gt;&lt;/td&gt;

    &lt;td style="vertical-align: bottom; font: 8pt/115% Calibri, Helvetica, Sans-Serif; text-align: justify"&gt;&amp;#160;&lt;/td&gt;

    &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: right"&gt;

        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right; color: #333333"&gt;Lowest Quarter Return&lt;/p&gt;

        &lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0 0.55pt; text-align: right; color: #333333"&gt;(quarter ended

        12/31/2008) -21.85%&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;

&lt;/table&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



 -Chapter A



 -Section 4



 -Subsection b



 -Paragraph 2



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</LabelSeparator><Level>4</Level><ElementName>rr_PerformanceTableHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;b&gt;AVERAGE ANNUAL TOTAL RETURN (for

periods ended December&amp;#160;31, 2012)&lt;/b&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>This item represents Average Anuual Total Returns. If a Multiple Class Fund offers a Class in the prospectus that converts into another Class after a stated period, compute average annual total returns in the table by using the returns of the other Class for the period after conversion.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



 -Publisher SEC



 -Name Form



 -Number N-1A



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 -Subsection b



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 -Exhibit c







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</LabelSeparator><Level>4</Level><ElementName>rr_PerformanceTableNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="AsOf2013-07-29_custom_ProspectusTwoMember_custom_S000003686Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #333333"&gt;The

after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates

and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your specific tax situation

and may differ from those shown below. After-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred

arrangements, such as 401(k) plans or individual retirement accounts.&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>If the Fund has annual returns for at least one calendar year, provide a table showing the Fund's (A) average annual total return; (B) average annual total return (after taxes on distributions); and (C) average annual total return (after taxes on distributions and redemption). A Money Market Fund should show only the returns described in clause (A) of the preceding sentence. All returns should be shown for 1-, 5-, and 10- calendar year periods ending on the date of the most recently completed calendar year (or for the life of the Fund, if shorter), but only for periods subsequent to the effective date of the Fund's registration statement. The table also should show the returns of an appropriate broad-based securities market index as defined in Instruction 5 to Item 22(b)(7) for the same periods. A Fund that has been in existence for more than 10 years also may include returns for the life of the Fund. A Money Market Fund may provide the Fund's 7-day yield ending on the date of the most recent calendar year or disclose a toll-free (or collect) telephone number that investors can use to obtain the Fund's current 7-day yield. For a Fund (other than a Money Market Fund or a Fund described in General Instruction C.3.(d)(iii)), provide the information in the following table with the specified captions AVERAGE ANNUAL TOTAL RETURNS (For the periods ended December 31, _____). For a Fund that provides annual total returns for only one calendar year or for a Fund that does not include the bar chart because it does not have annual returns for a full calendar year, modify, as appropriate, the narrative explanation required by paragraph (c)(2)(i) (e.g., by stating that the information gives some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance).</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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