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.