Rydex SGI :: ETF Profiles : Rydex Inverse 2x S&P Select Sector Technology ETF Overview

Home > Products and Performance > RydexShares ETFs > ETF Profiles

ETF PROFILES	Print this page Email this page

Rydex Inverse 2x S&P Select Sector Technology ETF		RTW
NAV: $ 21.06	Change: $ 0.22 \| 1.05%	data as of 02/08/2010

Investment Objective

Seeks to provide investment results that match 200% of the inverse performance of the Technology Select Sector Index, before fees and expenses, on a daily basis.

Net Asset Value
Net Asset Value	$ 21.06
Change	$ 0.22 \| 1.05%

Summary
Ticker	RTW
CUSIP	78355W635
Asset Class	Sector
Inception Date	06/10/2008
Expense Ratio	0.70%
IOPV Ticker	RTW.IV
Related Index Ticker	IXT

Close Mid-Point to NAV
	Days	% of Total Days
Premium	187	44.52%
Discount	222	52.86%
Equal to NAV	11	2.62%
Total	420	100.00%

Market Close
Market Price	$ 20.79
Premium / Discount	$ -0.27
Change	$ -0.13 \| -0.62%
High / Low	$ 20.84 / $ 20.67

Profile
Volume	700
Last Sale Price	$ 20.79
52-Week Range	$ 64.67 / $ 17.35
Shares Outstanding	100,000
Total Assets	$ 2,106,349.72

Characteristics
Number of Stocks	0
Return on Equity (quarterly 12/31/2009)	N/A
Price to Earning (P/E)	N/A
Price to Book (P/B)	N/A
Dividend Rate	0.00%
Dividend Amount	N/A
Ex-Dividend Date	N/A

Risk (month end as of 12/31/2009 )

Standard Deviation Sharpe Ratio Beta R-Squared

N/A N/A N/A N/A

Risk Definitions
Standard Deviation	A statistical measure of the historical volatility of an investment, computed using 36 monthly returns. More generally, a measure of the extent to which numbers are spread around their average. The higher the number, the more volatility is to be expected.
Sharpe Ratio	A risk-adjusted measure developed by William F. Sharpe, calculated using standard deviation and excess return to determine reward per unit of risk. The higher the Sharpe ratio, the better the fund’s risk-adjusted performance.
Beta	Beta is a statistical measure of volatility relative to the overall market, usually the S&P 500. A positive beta indicates movement in the same direction as the market, while a negative beta indicates movement inverse to the market. Beta for the market is generally considered to be 1. A beta above 1 or below -1 indicates more volatility than the market. A beta between 1 to -1 indicates less volatility than the market.
R-Squared	A measurement of how closely an investment’s performance correlates with the performance of a benchmark, such as the S&P 500, and thus a measurement of what portion of its performance may be explained by the performance of the overall market or index. Values for R-squared range from 0 to 100, where 0 indicates no correlation and 100 indicates perfect correlation.

Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date ETF performance, including performance current to the most recent month-end, please visit our web site at www.rydex-sgi.com. For additional information, please see the ETF’s prospectus. Returns for performance under one year are cumulative, not annualized. Performance results for periods under one year are short-term and may not provide an adequate basis for evaluating the performance potential of the ETF over varying market conditions or economic cycles.

Leveraged and inverse ETFs are not suitable for all investors. •These ETFs should be utilized only by investors who (a) understand the risks associated with the use of leverage, (b) understand the consequences of seeking daily leveraged investment results, (c) understand the risk of shorting, and (d) intend to actively monitor and manage their investments. •The more a ETF invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •Inverse ETFs involve certain risks, which include increased volatility due to the ETFs’ possible use of short sales of securities and derivatives, such as options and futures. •The ETFs’ use of derivatives, such as futures, options and swap agreements, may expose the ETFs’ shareholders to additional risks that they would not be subject to if they invested directly in the securities underlying those derivatives. •Short-selling involves increased risks and costs. You risk paying more for a security than you received from its sale. •Leveraged and inverse ETFs seek to provide investment results that match the performance of a specific benchmark, before fees and expenses, on a daily basis. Because the ETFs seek to track the performance of their benchmark on a daily basis, mathematical compounding, especially with respect to those ETFs that use leverage as part of their investment strategy, may prevent a ETF from correlating with the monthly, quarterly, annual or other period performance of its benchmark. Due to the compounding of daily returns, leveraged and inverse ETFs’ returns over periods other than one day will likely differ in amount and possibly direction from the benchmark return for the same period. For those ETFs that consistently apply leverage, the value of the ETF’s shares will tend to increase or decrease more than the value of any increase or decrease in its benchmark index. The ETFs rebalance their portfolios on a daily basis, increasing exposure in response to that day’s gains or reducing exposure in response to that day’s losses. Daily rebalancing will impair a ETF’s performance if the benchmark experiences volatility. Investors should monitor their leveraged and inverse ETFs’ holdings consistent with their strategies, as frequently as daily. •For more on these and other risks, please read the prospectus.

ETF data is subject to change on a daily basis.

Expense ratios are for the fiscal year ended 10/31/09. This ETF has adopted a distribution (12b-1) plan pursuant to which the ETF may bear an annual 12b-1 fee of up to 0.25%. However, no such fee is currently charged to the ETF and no such fees will be charged prior to 3/01/11.

Composition is subject to change. Information provided is for illustration purposes only and may not reflect current investments by the ETF. Referenced companies are not affiliated with Rydex Investments and Rydex Investments does not sponsor, endorse, sell or promote the referenced companies.

“McGraw-Hill®”, “Standard & Poor’s®” and “S&P®”, are trademarks of The McGraw-Hill Companies, Inc. The stocks included in each Select Sector Index were selected by a compilation agent. The composition and weightings of the stocks included in each Select Sector Index can be expected to differ from any similar S&P 500 sector index that is published by S&P. Select Sector indices have been licensed for use by Rydex SGI and its affiliates. RydexShares are not sponsored, endorsed, sold or promoted by Standard & Poor’s and S&P makes no representation regarding the advisability of investing in the funds. This entity and its affiliates make no warranties and bear no liability with respect to Rydex SGI.

Not FDIC Insured No Bank Guarantee May Lose Value

For more complete information regarding the funds click here for a prospectus. Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. The fund’s prospectus contains this and other information about the fund. Read the prospectus carefully before you invest or send money.

The funds are distributed by Rydex Distributors, Inc. (RDI). Security Global Investors^SM is the investment advisory arm of Security Benefit Corporation (Security Benefit). Security Global Investors consists of Security Global Investors, LLC, Security Investors, LLC and Rydex Investments. Rydex Investments is the primary business name for PADCO Advisors, Inc. and PADCO Advisors II, Inc. SGI and RDI are affiliates and are subsidiaries of Security Benefit.