Rydex SGI Global 130/30 Strategy Fund To Close
Due to limited investor interest, the Board of Trustees of Rydex Series Funds has approved the closing of Rydex SGI Global 130/30 Strategy Fund. The fund will close to new shareholders and additional purchases by existing shareholders on or about October 1, 2010. The fund is expected to cease operations, liquidate its assets and distribute the liquidation proceeds to the shareholders of record on or about October 15, 2010. Learn more.
Labor Day Trading Schedule
Please see the table below for the trading schedule during the upcoming Labor Day holiday.
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Four New Alternative Mutual Funds Give Rydex SGI the Industry’s Largest Breadth of Alternative Mutual Fund Products
Rydex SGI is pleased to offer investors the industry’s most extensive offering of alternative investment mutual funds with the launch of four new alternative choices that may help investors weather the ups and downs of challenging market environments:
- Rydex SGI Event Driven and Distressed Strategies Fund — This strategy aims to exploit pricing inefficiencies or premiums that may occur as a result of corporate mergers and acquisitions, as well as bankruptcies and financial restructuring. This strategy provides investors an opportunity to profit during a variety of economic cycles.
- Rydex SGI Long Short Interest Rate Strategy Fund — This investment strategy is geared towards helping investors profit during falling, rising or flat interest rate environments by aiming to take advantage of short-term movements in U.S. Treasury prices and may be used to diversify a core fixed-income allocation.
- Rydex SGI Long Short Equity Fund — This strategy provides an opportunity to capture returns on both rising and falling equity movements.
- Rydex SGI Alternative Strategies Fund — This strategy is a one-stop investment that provides exposure to a benchmark that corresponds to the performance of a broad range of hedge fund alternatives. The strategy offers investors the opportunity to capture equity-like returns with lower volatility.
Learn more about how Rydex SGI is bringing alternative investment exposures to the market to provide investors the opportunity to diversify their investment portfolios¹.
Rydex SGI Announces Important Operational Notices
- Rydex SGI International Opportunity Fund Proxy Passes
- Rydex SGI Global Market Neutral to Undergo Name Change
- Rydex SGI All-Cap Opportunity Fund Announces Name and Strategy Change
Rydex SGI Introduces New Institutional Share Class for Select Alternative Funds
Effective May 3, Rydex SGI will introduce an I-Shares institutional share class for the following funds: Rydex SGI Managed Futures Strategy Fund, Long/Short Commodities Strategy Fund, Equity Market Neutral Fund and Multi-Hedge Strategies Fund. The I-Shares institutional share class will not be subject to a 12b-1 fee and will require a $2 million minimum investment. For more information, please call 800.820.0888. To view the updated expense table for each fund, download the relevant fund’s prospectus below:
Managed Futures Strategy Fund Prospectus
Long/Short Commodities Strategy Fund Prospectus
Equity Market Neutral Fund Prospectus
Multi-hedge Strategies Fund Prospectus
The alternative funds may not be suitable for all investors because of the sophisticated and aggressive investment techniques the funds employ, such as leverage, derivatives and short selling.
May 6th Market Disruption Update
On May 7, NASDAQ and NYSE Arca independently announced that they, in conjunction with other UTP Exchanges, are canceling all trades executed between 2:40 p.m. EST and 3:00 p.m. EST greater than 60% away from the consolidated last print in that security at 2:40 p.m. EST or immediately prior. This decision cannot be appealed. Contact your broker or the exchange if you have a trade that meets these criteria.
Rydex SGI to Consolidate Exchange Traded Product Lineup
On April 20, 2010, the Board of Trustees for the Rydex Funds made the decision to close and liquidate twelve of the firm’s fourteen leveraged and inverse exchange traded funds that have not garnered significant investor interest. The affected funds represent approximately $129 million in assets and account for less than 2% of Rydex SGI’s total $7 billion in exchange traded assets under management.* Rydex SGI will continue to offer 28 exchange traded products which seek to provide exposure to a wide range of broad market, sector, style, leveraged and inverse and currency-based investment strategies.
For more complete information regarding Rydex|SGI ETFs, call 800.820.0888 or download a prospectus from www.rydex-sgi.com. Investors should consider the investment objectives, risks, charges and expenses of a fund before investing. The prospectus contains this and other information about the funds. Please read the prospectus carefully before you invest or send money.
Rydex SGI to Rename Two Funds
Effective February 1, 2010, two funds—Rydex SGI Select 25 Fund and Rydex SGI Equity Fund—will change their names to better align with their investment objectives and strategies. Please click here for more details.
Class B-Shares Closing to New Purchases Effective January 4, 2010
Class B-Shares of the Rydex SGI funds will be closed to new purchases from existing and/or new shareholders effective January 4, 2010. Learn more.
New Interactive Educational Alternative Investment Site from Rydex SGI
Learn more about alternative investments and how they may help reduce overall volatility as part of a diversified investment portfolio with the new Rydex SGI interactive educational GetAlts.com site. In addition to providing an overview of various types of alternatives investments, getalts.com also features interactive, multimedia tools to illustrate the impact of adding alternative investments to hypothetical portfolios.
This material is not intended to be a comprehensive overview of the subject matters discussed. It is intended to be general in nature and should not be construed as investment advice or a recommendation of any specific security or strategy. Before investing in any of the investment products or strategies discussed, consult with your financial advisor to determine if they are appropriate for your objectives, risk tolerance, income level and investing time horizon.
Alternative strategies may not be suitable for all investors because of the sophisticated and aggressive investment techniques they employ, such as leverage, derivatives, short selling, commodities markets, foreign securities and currencies and lower rated (‘junk’) bonds.
Diversification does not assure against loss in a declining market.
Important News Regarding Contacting Rydex SGI: New Address For Mutual Fund Transactions
Effective immediately, the address to purchase, redeem or exchange fund shares by mail has changed. All such requests should now be sent to one of the following addresses:
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