Guggenheim Acquires Rydex|SGI’s Parent Company: NO CHANGE FOR CLIENTS
We are excited to announce that a Guggenheim Partners-led group of investors will acquire our parent company, Security Benefit Corporation (SBC), and its subsidiary businesses—including Rydex|SGI. Guggenheim Partners, a globally recognized and well respected, diversified financial services firm has extensive asset management experience. Their investment in our parent company will help Rydex|SGI accelerate our future growth plan. We do not anticipate any changes to your accounts or the way you do business with us. Our brand, management team, as well as our investment teams and investment processes remain in place.

For more information, view a list of frequently asked questions, view the supplement or contact our customer service center at 800.820.0888.

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
GetAlts.com HomepageLearn 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:

NEW address for Mutual Fund accounts:

Standard Delivery
Rydex SGI
Attn: Ops. Dept.
P.O. Box 758567
Topeka, KS 66675-8567

Overnight Delivery
Rydex SGI
Attn: Ops. Dept.
200 SW 6th Street
Topeka, KS 66603-3704

All other company mail
Rydex SGI
9601 Blackwell Road
Suite 500
Rockville, MD 20850