The price of the last trade executed on the listing exchange during that day’s trading session.

The amount a RydexShares ETF is trading above the reported NAV expressed as a percentage of the NAV.

The amount an Rydex Shares ETF is trading below the reported NAV expressed as a percentage of NAV.

NAV is the price per share at which each fund issues and redeems shares. It is calculated by the fund accountants in accordance with the standard formula for valuing mutual fund shares at the close of regular trading (normally 4:00 p.m. Eastern Time) every day the New York Stock Exchange is open.