RYDEX SERIES FUNDS

SECURITY INVESTORS, LLC

Inverse NASDAQ-100 Strategy Fund Inverse Mid-Cap Strategy Fund Financial Services Fund Inverse S&P 500 Strategy Fund S&P MidCap 400 Pure Value Fund Technology Fund Emerging Markets Bond Strategy Fund Russell 2000 1.5x Strategy Fund DOW JONES INDUSTRIAL AVERAGE FUND Guggenheim Managed Futures Strategy Fund Energy Fund S&P 500 Fund Inverse Russell 2000 Strategy Fund Retailing Fund S&P SmallCap 600 Pure Growth Fund Electronics Fund Energy Services Fund Technology Fund Emerging Markets 2x Strategy Fund NASDAQ-100 Fund Weakening Dollar 2x Strategy Fund Precious Metals Fund Strengthening Dollar 2x Strategy Fund Real Estate Fund Monthly Rebalance NASDAQ-100 2x Strategy Fund S&P MidCap 400 Pure Growth Fund Banking Fund Europe 1.25x Strategy Fund Government Long Bond 1.2x Strategy Fund Consumer Products Fund Russell 2000 Fund Inverse Government Long Bond Strategy Fund S&P SmallCap 600 Pure Value Fund Utilities Fund S&P 500 Pure Value Fund Telecommunications Fund Guggenheim Long Short Equity Fund Nova Fund U.S. Government Money Market Fund S&P 500 Pure Growth Fund Japan 2x Strategy Fund Mid-Cap 1.5x Strategy Fund Transportation Fund Inverse Emerging Markets 2x Strategy Fund Guggenheim Multi-Hedge Strategies Fund Commodities Strategy Fund Biotechnology Fund Basic Materials Fund Health Care Fund High Yield Strategy Fund Inverse High Yield Strategy Fund Guggenheim Event Driven and Distressed Strategies Fund