Summary Prospectus by Investment Company (Form 497K)

Guggenheim Funds Trust

702 King Farm Blvd., Suite 200

Rockville, Maryland 20850

Supplement Dated July 16, 2026

to the currently effective Guggenheim Funds Trust Summary Prospectus, Statutory Prospectus and

Statement of Additional Information dated January 31, 2026, as supplemented thereafter, for

Guggenheim Active INvestment Series (GAINS) - Core Plus Fund (the "Fund")

This supplement provides updated information beyond that contained in the Summary Prospectus, Statutory Prospectus and Statement of Additional Information and should be read in conjunction with the foregoing documents.

Effective on or about September 14, 2026, the name of the Fund will be changed to: "Guggenheim Active INvestment Series (GAINS) - Core-Core Plus Fund". All references to the Fund's name are updated accordingly. This name change will not result in changes to the Fund's investment objective, principal investment strategies, or principal risks.

Please Retain This Supplement for Future Reference

SUPP- GUCPX-0726x0127