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MUTUAL FUND SHARE SPLITS	Print this page Email this page

Split information is shown in order of most recent event.
Ex-Date: For splits, the date that the share price changes to reflect the split.
Date of record: Date on which an individual must own shares in order to be eligible to receive split price.

Fund	Date of Split	Split Type	Reason	Ex Date
Banking	04/17/09	One-for-Ten Reverse Split	Increase share price	04/20/09
Electronics	04/17/09	One-for-Five Reverse Split	Increase share price	04/20/09
Financial Services	04/17/09	One-for-Ten Reverse Split	Increase share price	04/20/09
NASDAQ-100® 2x Strategy	04/17/09	One-for-Five Reverse Split	Increase share price	04/20/09
Russell 2000® 2x Strategy	04/17/09	One-for-Ten Reverse Split	Increase share price	04/20/09
S&P 500® Pure Value	04/17/09	One-for-Five Reverse Split	Increase share price	04/20/09
Inverse S&P 500 Strategy	04/20/07	One-for-Five Reverse Split	Increase share price	04/23/07
S&P 500 2x Strategy	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Japan 1.25x Strategy	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Basic Materials	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Consumer Products	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Energy Services	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Leisure	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Telecommunications	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Transportation	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Utilities	04/17/03	One-for-Three Reverse Split	Increase share price	04/21/03
Inverse Gov't Long Bond Strategy	02/07/03	One-for-Three Reverse Split	Increase share price	02/10/03
NASDAQ-100® 2x Strategy	04/20/01	One-for-Ten Reverse Split	Increase share price	04/23/01
Internet	04/20/01	One-for-Twenty Reverse Split	Increase share price	04/23/01
Inverse NASDAQ-100® Strategy	04/14/00	One-for-Five Reverse Split	Increase share price	04/17/00
NASDAQ-100®	04/14/00	Three-for-One Split	Decrease share price	04/17/00
Precious Metals	04/14/00	One-for-Five Reverse	Increase share price	04/17/00
Inverse S&P 500 Strategy	08/14/98	One-for-Two Reverse Split	Increase share price	08/17/98

Banking, Electronics, Financial Services, NASDAQ-100® 2x Strategy, Russell 2000® 2x Strategy and S&P 500® Pure Value Fund Reverse Share Split
A one-for-ten reverse share split was executed for all share classes of the Banking Fund, Financial Services Fund and Russell 2000® 2x Strategy Fund for shareholders of record on April 17, 2009. The ex-date, or date the share price was changed to reflect the split, was April 20, 2009. Shares of the fund were divided by ten and net asset value of the fund was multiplied by ten. Shares of the fund were divided by ten and net asset value of the fund was multiplied by ten.

A one-for-five reverse share split was executed for all share classes of the Electronics Fund, NASDAQ-100® 2x Strategy Fund and S&P 500® Pure Value Fund for shareholders of record on April 17, 2009. The ex-date, or date the share price was changed to reflect the split, was April 20, 2009. Shares of the fund were divided by ten and net asset value of the fund was multiplied by five. Shares of the fund were divided by ten and net asset value of the fund was multiplied by five.

S&P 500 2x Strategy, Japan 1.25x Strategy, Basic Materials Fund, Consumer Product Fund, Energy Services Fund, Leisure Fund, Telecommunications Fund, Transportation Fund, and the Utilities Fund Reverse Share Split
A one-for-three reverse share split was executed for all share classes of the S&P 500 2x Strategy, Japan 1.25x Strategy, Basic Materials Fund Consumer Product Fund, Energy Services Fund, Leisure Fund, Telecommunications Fund, Transportation Fund, and the Utilities Fund for shareholders of record on April 17, 2003. The ex-date, or date the share price was changed to reflect the split, was April 21, 2003. Shares of the fund were divided by three and net asset value of the fund was multiplied by three.

Inverse Government Long Bond Strategy Fund Reverse Share Split
A one-for-three reverse share split was executed for all share classes of the Inverse Government Long Bond Strategy Fund for shareholders of record on February 7, 2003. The ex-date, or date the share price was changed to reflect the split, was February 10, 2003. Shares of the fund were divided by three and net asset value of the fund was multiplied by three.

NASDAQ-100® 2x Strategy Fund Reverse Share Split
A one-for-ten reverse share split was executed for all share classes of the NASDAQ-100® 2x Strategy for shareholders of record on April 20, 2001. The ex-date, or date the share price was changed to reflect the split, was April 23, 2001. Shares of the fund were divided by ten and net asset value of the fund was multiplied by ten.

Internet Fund Reverse Share Split
A one-for-twenty reverse share split was executed for all share classes of the Internet Fund for shareholders of record on February 7, 2003. The ex-date, or date the share price was changed to reflect the split, was February 10, 2003. Shares of the fund were divided by twenty and net asset value of the fund was multiplied by twenty.

Inverse NASDAQ-100® Strategy and Precious Metals Funds Reverse Share Split
A one-for-five reverse share split was executed for all share classes of the Inverse NASDAQ-100® Strategy Fund and Precious Metals Fund for shareholders of record on April 14, 2000. The ex-date, or date the share price was changed to reflect the split, was April 17, 2000. Shares of the fund were divided by five and net asset value of the fund was multiplied by five.

NASDAQ-100® Fund Share Split
A three-for-one share split was executed for all share classes of the NASDAQ-100® Fund for shareholders of record on April 14, 2000. The ex-date, or date the share price was changed to reflect the split, was April 17, 2003. Shares of the fund were multiplied by three and net asset value of the fund was divided by three.

Inverse S&P 500 Strategy Fund Reverse Share Split
A one-for-two reverse share split was executed for all share classes of the Inverse S&P 500 Strategy Fund for shareholders of record on August 14, 1998. The ex-date, or date the share price was changed to reflect the split, was August 17, 1998. Shares of the fund were divided by two and net asset value of the fund was multiplied by two.

Share splits do not cause a change in the aggregate value of assets in an account, nor do splits constitute a taxable event.

NOTE: If you track your investments through an online brokerage account, keep in mind that your account may or may not reflect the change in NAV for these funds. You may have to manually change the number of shares on the site. Please contact the online financial site directly for details on how to update your account.

Inverse and leveraged Funds are not suitable for all investors. •These Funds 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 Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •Inverse Funds involve certain risks, which include increased volatility due to the Funds’ possible use of short sales of securities and derivatives, such as options and futures. •The Funds’ use of derivatives, such as futures, options and swap agreements, may expose the Funds’ 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 Funds seek to provide investment results that match the performance of a specific benchmark, before fees and expenses, on a daily basis. Because the Funds seek to track the performance of their benchmark on a daily basis, mathematical compounding, especially with respect to those Funds that use leverage as part of their investment strategy, may prevent a fund from correlating with the monthly, quarterly, annual or other period performance of its benchmark. Due to the compounding of daily returns, leveraged and inverse Funds’ 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 Funds that consistently apply leverage, the value of the fund’s shares will tend to increase or decrease more than the value of any increase or decrease in its benchmark index. The Funds 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 fund’s performance if the benchmark experiences volatility. Investors should monitor their leveraged and inverse Funds’ holdings consistent with their strategies, as frequently as daily. •For more on these and other risks, please read the 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. See a prospectus for additional details on these and other risks.

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.