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Rydex Inverse S&P 500® Strategy Fund Class A RYARX

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Strategy

The investment seeks to provide investment results that match, before fees and expenses, the inverse of the performance of the S&P 500® Index on a daily basis. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The index is a capitalization-weighted index composed of 500 common stocks. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RYURX	Rydex Inverse S&P 500® Strategy Fund Investor Class	No Load	Open	—	—	Jan 7, 1994	$25.72M	1.430%	Low	$2,500	−$4.17M
RYUHX	Rydex Inverse S&P 500® Strategy Fund Class H	No Load	Open	—	—	Sep 18, 2014	$413,915.00	1.680%	Below Average	$2,500	$54,041.75
RYARX	Rydex Inverse S&P 500® Strategy Fund Class A	Front Load	Open	—	—	Mar 31, 2004	$685,647.00	1.670%	Average	$2,500	$170,084.96
RYUCX	Rydex Inverse S&P 500® Strategy Fund Class C	Level Load	Open	—	—	Mar 15, 2001	$67,773.00	2.430%	Below Average	$2,500	−$47,667.48

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