Rydex Funds

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RYDEX S&P 500® PURE VALUE FUND (RYZAX) EARNS 2014 LIPPER FUND AWARD
Rydex S&P 500® Pure Value Fund (RYZAX) received a 2014 Lipper Award for its category-leading performance. The fund earned the award based on Lipper’s calculation of consistent three-year risk-adjusted performance ending December 31, 2013 by ranking best out of 82 portfolios and 250 funds for the three-year period in the Multi-Cap Value Funds category. Learn more.


EXTENDED WEB TRADING HOURS FOR 26 RYDEX FUNDS
Guggenheim is pleased to announce extended web trading hours for 26 of its Rydex mutual funds. Effective April 1, 2014, web trading for all classes of 26 Rydex funds will be extended by an additional five or 10 minutes as indicated in the table below. The U.S. Government Money Market Fund* cut-off time will be extended from 3:45 to 4:00 p.m. ET for both phone and web trades. The extra trading time may provide additional flexibility for your trading strategies. Please note that phone cut-off times will remain unchanged, again with the exception of the U.S. Government Money Market Fund*, whose phone trading cut-off will be extended until 4:00 p.m. ET.

The 26 mutual funds that will be affected are:

Funds moving to a 3:55 p.m. ET web cut-off time:

Funds moving to a 3:50 p.m. ET web cut-off time:

Europe 1.25x Strategy Fund Basic Materials Fund
Japan 2x Strategy Fund Banking Fund     
Commodities Strategy Fund Biotechnology Fund
Government Long Bond 1.2x Strategy Fund Consumer Products Fund
Inverse Government Long Bond Strategy Fund Electronics Fund
Strengthening Dollar 2x Strategy Fund           Energy Fund

Weakening Dollar 2x Strategy Fund

Energy Services Fund

Funds moving to a 4:00 p.m. ET web and phone cut-off time:

Financial Services Fund
U.S. Government Money Market Fund* Health Care Fund
  Internet Fund
  Leisure Fund
  Precious Metals Fund
  Real Estate Fund
  Retailing Fund
  Technology Fund
  Telecommunications Fund
  Transportation Fund
  Utilities Fund

Please see FAQs for additional information on the funds, including risks.

* To receive the current business day’s dividend for the fund, the fund must receive your wire purchase order by 1:00 p.m., Eastern Time. All redemption orders received prior to1:00 p.m., Eastern Time will receive the current business day’s dividend. All redemption orders received after 1:00 p.m., Eastern Time are entitled to receive the next business day’s dividend.


Investors seeking to include specific market exposures in their portfolios can access dozens of Guggenheim’s Rydex Strategies. Each follows a specific benchmark, and our benchmark replication includes sector strategies, as well as broad market benchmarks—both leveraged and inverse exposure. For more than 20 years, investors have relied on us to help express their market conviction using such innovative beta allocations.  

  1. Equity - Broad Market
  2. Equity - Leveraged
  3. Equity - Inverse
  4. Style Box
  5. Sectors
  6. Fixed Income, Commodities, Currency (FICC)
  7. Money Market
Leveraged & Inverse Fact Sheet Rydex Funds Line Up
Leveraged & Inverse Fact Sheet Pure Style
Fact Sheet
Leveraged & Inverse Fact Sheet Leveraged & Inverse
Fact Sheet
Sector Funds Fact Sheets Sector Funds
Fact Sheet

Trading Expense Calculator

The Trading Expense Calculator will help you compare the potential costs of using ETFs and no-transaction-fee (NTF) mutual funds.

The calculator is designed for active investors to determine whether ETFs or mutual funds' costs are more suitable. (Some mutual funds are sold with a front-end or back-end load. This tool doesn't account for front-end or back-end load. This calculator is appropriate for comparison of ETFs and no-load funds.) In addition to the expense ratio, this calculator incorporates other factors that may affect costs:

  1. Number of round trips or individual trades per year or average holding period: Since you have to pay a commission/transaction cost each time you buy or sell an ETF (and the same may apply to mutual funds), transaction costs and trading frequency should be considered.
  2. Cost per transaction or brokerage commission
  3. Bid / ask spread: Because ETFs are traded on the exchange, they can be affected by bid and ask prices. The wider the spread between those two prices, the more costly it is to trade.


 

Guggenheim Investments variable insurance funds are available only as underlying investment options in variable annuity contracts and variable life insurance policies issued by life insurance companies. They are not offered or made available directly to the general public. Variable annuities are sold by prospectus, which describe risk factors, fees and surrender charges that may apply. Please remember that variable annuities are long-term investment vehicles and are not intended to replace emergency funds or to fund short-term savings goals. Investment return and principal value will fluctuate, and you may experience a gain or a loss when money is withdrawn. Taxable amounts withdrawn prior to age 59½ may be subject to a 10% federal tax penalty. Withdrawals will reduce the value of the death benefit and any optional benefits.

Prospectuses for variable life and annuity insurance products, in which Guggenheim Investments variable insurance funds serve as underlying investment options, are available directly from individual life insurance companies. Please contact the applicable life insurance company directly for information about variable life and annuity products. Read a prospectus and summary prospectus (if available) carefully before investing. It contains investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if available) for Guggenheim Investments variable insurance funds at www.guggenheiminvestments.com.

Shares are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

**1 Exchange privileges are between equivalent share class structures. Certain share classes may impose sales charges on
new purchases or for early redemptions. Please read a prospectus for more information.

The funds may not be suitable for all investors. Certain funds may be affected by risks that include those associated with sector concentration, international investing, investing in small and/or medium size companies, and/or the Funds' possible use of investment techniques and strategies such as leverage, derivatives and short sales of securities and alternative or nontraditional asset classes and strategies such as absolute return, long/short, commodities, currencies and managed futures. Please see the funds' prospectus for more information. Shares of the funds are not deposits of, or guaranteed or endorsed by, any financial institution; are not insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other agency; and involve risk, including the possible loss of the principal amount invested. Diversification neither assures a profit nor eliminates the risk of experiencing investment losses. 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.

This does not take into account tax implications. Please discuss with a tax professional to evaluate a specific portfolio allocation or investment strategy.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.
 


 

2014 Guggenheim Investments. All Rights Reserved.

• Not FDIC Insured • No Bank Guarantee • May Lose Value

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or contact us.

Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC ("Guggenheim"), which includes Security Investors, LLC ("SI"), Guggenheim Funds Investment Advisors, LLC, ("GFIA") and Guggenheim Partners Investment Management ("GPIM") the investment advisers to the referenced funds. Securities offered through Guggenheim Funds Distributors, LLC, an affiliate of Guggenheim, SI, GFIA and GPIM.