TERMS & CONDITIONS GOVERNING YOUR USE OF GUGGENHEIMADVISORS.COM

Governance
Welcome to guggenheimadvisors.com. These Terms & Conditions ("Terms") have been established by Guggenheim Advisors, LLC ("Guggenheim") and govern your use of this web site ("Site"). By continuing to access the Site you agree to the Terms. You understand that your ability to use the Site is based solely upon these Terms. These Terms expressly incorporate by reference and include any rules or disclaimers that may be posted and updated on this Site from time to time. Guggenheim reserves the right to amend these Terms from time to time. Guggenheim encourages you to review these Terms often because changes will be binding on you.

Additionally, any secure log-in access through this Site to another Guggenheim owned or sponsored site shall be governed by both the Terms of this Site as well as the terms and conditions governing the use of such other Site. In the event of any conflict between the Terms of this Site and the terms and conditions governing such other site, the terms and conditions governing the use of such other site shall apply.

Ownership of Site and Restrictions on Use of Content
This Site is owned by Guggenheim. All rights are exclusively reserved to Guggenheim, an affiliate, or a licensor. This Site may contain statements, general information, information about our services and solutions, research, news, analyst opinions, third-party publications, financial markets information, links, graphics, images, data, coding, and other materials and services ("Content") provided by Guggenheim or its licensors. Use of this Content is governed by applicable intellectual property laws. Other than viewing the Site, no other license has or shall be deemed granted to the user of the Site. Unauthorized use or reproduction of the Site and its Content is prohibited. If you download or print any information from the Site, you agree that you will not remove or obscure any copyright, trademark or other notices.

Guggenheim is a registered as an investment adviser with the Unites States Securities and Exchange Commission (the "SEC"). As such, Guggenheim has filed Part I of its Form ADV with the SEC which it periodically updates in accordance with applicable law. Additionally, from time to time, in accordance with applicable law, Guggenheim provides to, or makes available for inspection for, its existing or potential investors or clients, a copy of the Part II of its Form ADV.

Please note that Guggenheim Advisors, LLC is a licensee of "Guggenheim Advisors" as a trade mark or trade name and "guggenheimadvisors.com" as a domain name.


General
This Site is informational and educational only. This site is not intended for access by, distribution to, or use by, any person in any jurisdiction or country where such access, distribution or use would be contrary to local law or regulation. The Content is not a complete description of Guggenheim's investment services or performance. This Site does not constitute an offer to sell or a solicitation of an offer to purchase any securities which may be mentioned herein or in any links provided from this Site.

The Content provided on this Site is obtained from sources believed to be reliable, but Guggenheim makes no representation or warranty, express or implied, as to the accuracy, sufficiency, reliability, appropriateness, fairness, or completeness of the Content. Any links to other web sites are provided for convenience only and do not constitute an endorsement or affiliation with such linked site and Guggenheim cannot guarantee the accuracy, sufficiency, reliability, appropriateness, fairness, timeliness, or completeness of any information on a linked site. Guggenheim is not responsible in any manner for any matter associated with the linked site. GUGGENHEIM MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO ANY LINKED SITE. YOUR USE OF ANY LINKED SITE IS SOLELY AT YOUR OWN RISK. None of the Content has been reviewed or approved by any U.S. regulatory agency. All of the foregoing information and any Guggenheim views and beliefs expressed on this Site do not constitute investment advice or opinion or a solicitation by Guggenheim for the purchase or sale of any funds, securities or commodities or services. Nothing contained on this website constitutes investment, legal, tax or other advice nor is it to be relied on in reaching an investment or other decision.

Any historical performance, risk, or portfolio-related analysis or other Content that may be related to an investment portfolio is not indicative of such investment portfolio's future performance, risk, or portfolio, nor is suggestive of any future trends of such investment portfolio's performance, risk, or portfolio. Nothing available at this Site shall be deemed to suggest that the specific performance or risk-related data, information, analysis, metrics, parameters, or scenarios related to an investment portfolio are all of the data, information, metrics, parameters, or scenarios associated with an investment portfolio, or are all or some of the key, reportable, quantifiable, relevant, necessary, comprehensive, or appropriate performance or risk data, information, metrics, parameters, or scenarios associated with such investment portfolio.

Certain statements and information, particularly general statements regarding certain markets, economic conditions or industries, represent the current subjective views of the author and/or Guggenheim. Such subjective views and statements may be solely based on, or supported by, experiences and observations made over a period of time. Additionally, such subjective views may include "forward looking statements" under applicable law and there can be no assurances that these statements will prove to be accurate in the future. Guggenheim expressly disclaims any duty to update any such "forward looking statement." Accordingly, no representation or warranty can be made as to accuracy, truth, reliability or completeness of such statement. Further, Guggenheim and/or the author may not hold such views in the future, and Guggenheim may change such views without further notice.

Guggenheim is not agreeing to nor is required to update any of the Content. Therefore, such information may not reflect events occurring after the date of publication. Guggenheim is not responsible for any delays or errors in any Content on this Site.

Your Privacy
Guggenheim may collect any information that you may submit to it. Guggenheim also may collect technical and navigational information, such as browser type, your internet protocol address ("IP address"), pages visited and average time spent on certain pages, as well as other information (collectively, "Information"). Guggenheim may use this Information for security or law enforcement purposes, to facilitate any transactions between you and Guggenheim or its affiliates, provide notifications, to personalize this site, or to gather information in order to improve this Site and our services. Guggenheim also may use, or share with affiliates or third party service providers, your IP address and other Information to help diagnose problems and administer this Site. Your Information might be made available to government or law enforcement agencies when required to do so to respond to a subpoena, court order, requests, or to otherwise comply with applicable laws, rules, regulations or other legal process. Guggenheim reserves the right to share Information with affiliates, service providers or as permitted by law in order to investigate, prevent, or take action regarding suspected illegal or fraudulent activities. Your use of this Site constitutes an agreement to the uses previously described, including, but not limited to, the gathering, storage, processing and use of the foregoing information and the dissemination of such information to Guggenheim's affiliated entities and necessary service providers.

Guggenheim may assign, sell, license or otherwise transfer to a third-party, any Information in connection with an assignment, sale, joint venture, other transfer or disposition of a portion of or all of the assets or stock of Guggenheim or its affiliated entities.

Changes to Services and Termination
Guggenheim reserves the right to modify, discontinue, either temporarily or permanently, this Site without notice to you. You agree that Guggenheim, in its sole discretion and without notice, may terminate your access to this Site.

Disclaimer of Warranties
THE USE OF THIS SITE IS SOLELY AT YOUR OWN RISK. THE SITE AND ITS CONTENT IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. GUGGENHEIM EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND WITH RESPECT TO THE SITE, WHETHER EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGMENET. GUGGENHEIM MAKES NO WARRANTY THAT THE SITES AND/OR ANY CONTENT THEREIN WILL MEET YOUR REQUIREMENTS, OR WILL BE UNINTERRUPTED, TIMELY, SECURE, CURRENT, ACCURATE, COMPLETE OR ERROR-FREE OR THAT THE RESULTS THAT MAY BE OBTAINED BY USE OF THE SITE AND/OR ANY CONTENT THEREIN WILL BE ACCURATE OR RELIABLE. YOU UNDERSTAND AND ACKONWLEDGE THAT YOUR SOLE AND EXCLUSIVE REMEDY WITH RESPECT TO ANY DEFECT IN OR DISSATISFACTION WITH THE SITE IS TO CEASE USING THE SITE.

Limitation of Liability
NEITHER GUGGENHEIM, NOR ANY OF ITS AFFILIATES, DIRECTORS, OFFICERS OR EMPLOYEES, NOR ANY THIRD PARTY VENDOR, WILL BE LIABLE OR HAVE ANY RESPONSIBILITY OF ANY KIND FOR ANY LOSS OR DAMAGE THAT YOU INCUR IN THE EVENT OF ANY FAILURE OR INTERRUPTION OF THIS SITE, OR RESULTING FROM THE ACT OR OMISSION OF ANY OTHER PARTY INVOLVED IN MAKING THIS SITE, THE CONTENTS CONTAINED HEREIN OR THE PRODUCTS OR SERVICES OFFERED ON THIS SITE AVAILABLE TO YOU, OR FROM ANY OTHER CAUSE RELATING TO YOUR ACCESS TO, INABILITY TO ACCESS, OR USE OF THIS SITE OR ITS CONTENT, WHETHER OR NOT THE CIRCUMSTANCES GIVING RISE TO SUCH CAUSE MAY HAVE BEEN WITHIN THE CONTROL OF GUGGENHEIM OR OF ANY VENDOR PROVIDING SOFTWARE OR SERVICES. GUGGENHEIM WILL NOT BE RESPONSIBLE FOR ANY LOSS OR DAMAGE THAT COULD RESULT FROM INTERCEPTION BY THIRD PARTIES OR ANY INFORMATION OR SERVICES MADE AVAILABLE TO YOU VIA THIS SITE.

YOU EXPRESSLY UNDERSTAND AND AGREE THAT GUGGENHEIM SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA LOSS, OR OTHER RESULTING LOSSES (EVEN IF GUGGENHEIM HAS BEEN ADVISED TO THE POSSIBILITY OF SUCH DAMAGES) RESULTING FROM (i) THE USE OR INABILITY TO USE THE SITE; (ii) THE COST OF PROCUREMENT OF ANY SUBSTITUTE PRODUCTS AND/OR SERVICES RESULTING FROM ANY PRODUCTS, DATA, INFORMATION OR SERVICES OBTAINED OR WHICH YOU WERE UNABLE TO OBTAIN; (iii) ANY LINK OR LINKED INFORMATION PROVIDED IN CONNECTION WITH THE SITE; (iv) YOUR USE OF OR RELIANCE UPON ANY CONTENT, OR (v) ANY OTHER MATTER WHATSOEVER RELATED TO YOUR USE OF THE SITE.

Your Representations
BY YOUR USE OF THE SITE, YOU REPRESENT AND WARRANT THAT YOU ASSUME ALL RISK ASSOCIATED WITH THE USE OF THE SITE AND/OR ANY AND ALL CONTENT. You agree to defend, indemnify and hold Guggenheim, its affiliates, officers, directors, employees and agents, harmless from and against any third party claim, judgment, award, action or demand ("Claim") and all liabilities and settlements related thereto, including without limitation, reasonable legal and accounting fees, resulting from, or alleged to result from, your use of the Site, its Content, and/or any linked sites.

Jurisdiction and Interpretation
You are responsible for compliance with all local laws, if and to the extent your local laws are applicable. These Terms and Site shall be governed by the law of New York without regard to principles of conflict of laws. If any provision of these Terms shall be unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable and shall not affect the validity of any remaining provisions.

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