Diversification neither assures a profit nor eliminates the risk
of experiencing investment losses.
Investing in alternative investments is not
suitable for all investors and involves special risks such as risk
associated with short sales, leveraging the investment, potential
adverse market forces, regulatory changes, and potential
illiquidity. Investing in alternative strategies presents the
opportunity for significant losses. There is no assurance that the
investment objective will be attained.
ETFs may not be suitable for all
investors. • Investment returns and principal value will
fluctuate so that when shares are redeemed, they may be worth more
or less than original cost. Most investors will also incur
customary brokerage commissions when buying or selling shares of an
ETF. • Investments in securities and derivatives, in general, are
subject to market risks that may cause their prices to fluctuate
over time. • ETF Shares may trade below their net asset value
("NAV"). The NAV of shares will fluctuate with changes in the
market value of an ETF's holdings. In addition, there can be no
assurance that an active trading market for shares will develop or
be maintained.
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|SGI funds are distributed by Rydex
Distributors, LLC (RDL). Security Investors, LLC (SI) is a
registered investment advisor, and does business as Security Global
Investors® 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.