Read the fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) at www.rydex-sgi.com or call 800.820.0888.
Rydex Equal Weight ETFs may not be suitable for all investors. •Investments in securities, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the Funds may lose money. Most investors will also incur customary brokerage commissions when buying or selling shares of an ETF. •The Funds are subject to concentration risks. Certain funds may have concentrations in a particular stock capitalization (small, medium or large), economic sector(s) or country. To the extent a fund has a concentration to a particular economic segment the Fund may underperform other segments of the equity market or the equity market as a whole. •unlike many investment companies, the Funds are not actively “managed.” This means that, based on market and economic conditions, the Fund’s performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline. •Tracking error risk refers to the risk that the Advisor may not be able to cause the Funds’ performance to match or correlate to that of the Funds’ Underlying Index, either on a daily or aggregate basis. Tracking error risk may cause a Funds’ performance to be less than you expect. •Shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of each Funds’ holdings. In addition, although each Fund’s shares are currently listed on the NYSE Arca, there can be no assurance that an active trading market for shares will develop or be maintained. •An unanticipated early closing of the NYSE Arca, Inc. may result in a shareholders inability to buy or sell Fund shares on that day. See the Prospectus for more details.
Diversification does not ensure a profit nor eliminates the risk of experiencing investment losses.
Rydex Equal Weight ETFs may use a replication or a representative sampling strategy in an attempt to track an underlying index. “Replication” refers to investing in substantially all of the securities in the Underlying Index in approximately the same proportions as in the Underlying Index. “Representative sampling” refers to an indexing strategy that generally involves investing in a representative sample of securities or financial instruments that has an investment profile similar to the Underlying Index and some, but not all, of the component securities of its Underlying Index.
The opinions and forecasts expressed may not actually come to pass. This information is subject to change at any time, based on market and other conditions, and should not be construed as a recommendation of any specific security or strategy. Any testimonials may not be representative of the experience of other clients and there is no guarantee of future performance or success. Thomas Lydon serves on the Rydex Funds Board of Directors.
The use of Exxon and Office Depot is an example only and may or may not be representative of actual holdings of any ETFs mentioned during any given time period.
Rydex SGI funds are distributed by Rydex Distributors, LLC (RDL). Security Investors, LLC (SI) is a registered investment advisor, and does business as Security Global InvestorsSM and Rydex Investments. SI and RDL are affiliates and are subsidiaries of Security Benefit Corporation, which is wholly owned by Guggenheim SBC Holdings, LLC, a special purpose entity managed by an affiliate of Guggenheim Partners, LLC, a diversified financial services firm with more than $100 billion in assets under supervision.