Basic Fund Data
Fund Provider:	Rydex Investments
Asset Class:	Equity
Fund Category:	Inverse
Ticker:	RSW
Expense Ratio:	0.70%
Fund Category Expense Ratio Average:	0.90%
Options:	No
Fund Inception Date:	11-05-2007
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	S&P 500 Index (2x inverse)
Index Provider:	Standard & Poor's
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Passive
Security Selection Method:	Company Size
Security Selection Frequency:	Ongoing
Index Weighting Category:	Fixed Weight
Index Weighting Method:	Leveraged Inverse x2
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	-41.42%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	-40.96
2008:	69.92
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$103.5
P/E Ratio:
P/B Ratio:
Median Market Cap:
12-month yield:	0%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	-1.19
Beta:	-1.81
Standard Deviation:	12.47
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The Rydex Inverse 2x S&P 500 ETF (Ticker: RSW) seeks investment results that correspond generally to the performance, before fees and expenses, of TWICE (200%) the INVERSE (opposite) daily performance of the S&P 500 Index. A combination of individual securities, futures contracts, options, and swap agreements is used to attain the inverse leveraged performance. The S&P 500 Index is a large company market capitalization weighted index with approximately 75% coverage to the U.S. equity market. The index is maintained by the S&P Index Committee, a team of Standard & Poor's economists and index analysts, who meet on a regular basis. The goal of the Index Committee is to ensure that the S&P 500 remains a leading indicator of U.S. equities, reflecting the risk and return characteristics of the broader large cap universe on an on-going basis. The S&P Index Committee follows a set of published guidelines for maintaining the index.