RYAHX : Rydex Mid-Cap 1.5x Strategy Fund Class A

Fund Summary

The investment seeks investment results that correlate, before fees and expenses, to 150% of the performance of the S&P MidCap 400® Index for mid-cap securities on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are within the capitalization range of the underlying index and derivative instruments. It invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies included in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The fund is non-diversified.