US-Listed ETFs Sorted by Asset Class and Year-to-Date Return

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Average Annual Total Return Comparison (as of 3/31/11) RSP. Beating the cap out ® of the cap-weighted S&P 500 Index since April 2003. 25% 20% 15% 10% 5% Rydex S&P 500 ® Equal Weight ETF (RSP) has outperformed the S&P 500 ® cap-weighted Index since its inception in April 2003. Should RSP be part of your clients’ well-allocated portfolio? Call 800.258.4332. Or visit www.rydex-sgi.com/equalweight 0% 1 Year 3 Years 5 Years Since Fund Inception 4/24/03 Rydex S&P 500 ® Equal Weight ETF (NAV) S&P 500 ® Equal Weight Index Rydex S&P 500 ® Equal Weight ETF (Market Close) S&P 500 ® Index Since Fund *Expense Inception 1-Year 3-Year 5-Year Inception Ratio Date Rydex S&P 500 ® Equal Weight ETF (NAV) 20.35% 7.36% 4.26% 10.56% 0.40% 4/24/03 Rydex S&P 500 ® Equal Weight ETF (Market Close) 20.39% 7.14% 4.30% 10.56% 0.40% 4/24/03 S&P 500 ® Equal Weight Index 20.98% 8.06% 5.00% 11.19% — — S&P 500 ® Index 17.31% 2.35% 2.62% 6.95% — — The intelligent pursuit of wealth. Performance displayed represents past performance which is not guarantee of future results. Investment return and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month end, visit the Rydex|SGI web site at www.rydex-sgi.com. For additional information, see the fund’s prospectus. ETFs are subject to third party transaction fees/ commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Funds shares may trade at, above or below NAV. Rydex S&P 500 ® Equal Weight ETF seeks to replicate as closely as possible, before fees and expenses, the daily performance of the S&P 500 ® Equal Weight Index. S&P 500 ® Equal Weight Index is the equal-weight version of the S&P 500 ® Index. The index has the same constituents as the capitalization weighted S&P 500, ® but each company in the equal weight is allocated equally. Performance shown for the S&P 500 ® Index is for comparative purposes only. Each index is unmanaged and not available for direct investment. Index returns do not reflect any management fees, transaction costs or expenses. Rydex S&P Equal Weight ETF may not be suitable for all investors. • The fund is subject to the risk that unanticipated early closings of securities exchanges and other financial markets may result in the fund’s inability to buy or sell securities or other financial instruments on that day. • In certain circumstances, it may be diffi cult for the fund to purchase and sell particular investments within a reasonable time at a fair price. • Investments in securities and derivatives, in general, are subject to market risks that may cause their prices to fluctuate over time. An investment in the fund may lose money. • Unlike many investment companies, the fund is not actively “managed.” This means that, based on market and economic conditions, the fund’s performance could be lower than other types of funds that may actively shift their portfolio assets to take advantage of market opportunities or to lessen the impact of a market decline.• Tracking error risk refers to the risk that the advisor may not be able to cause the fund’s performance to match or correlate to that of the fund’s underlying index, either on a daily or aggregate basis. Tracking error risk may cause the fund’s performance to be less than you expect. • Shares may trade below their net asset value (“NAV”). The NAV of shares will fluctuate with changes in the market value of the fund’s holdings. In addition, although the fund’s shares are currently listed on NYSE Arca, Inc. there can be no assurance that an active trading market for shares will develop or be maintained. • The fund is subject to the risk that large-capitalization stocks may underperform other segments of the equity market or the equity market as a whole. See prospectus for more details. For more complete information regarding RydexShares, ® call 800.258.4332 or visit www.rydex-sgi.com for a prospectus and a summary prospectus (if available). Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. The fund’s prospectus and its summary prospectus (if available) contain this and other information about the fund. Please read the prospectus and summary prospectus (if available) carefully before you invest or send money. “Standard & Poor’s, ® ” “S&P, ® ” “S&P 500, ® ” “Standard & Poor’s 500” and “500” are trademarks of Standard & Poor’s Financial Services LLC, and have been licensed for use by Rydex|SGI and its affiliates. The product is not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the product. RydexShares ® are distributed by Rydex Distributors, LLC (RDL). Security Investors, LLC (SI) is a registered investment advisor, and does business as Security Global Investors SM and Rydex Investments. SI and RDL are affiliates and are subsidiaries of Security Benefit Corporation, which is wholly owned by Guggenheim SBC Holdings, LLC, a special purpose entity managed by an affiliate of Guggenheim Partners, LLC, a diversified financial services firm with more than $100 billion in assets under supervision. *The fund has adopted a distribution (12b-1) plan pursuant to which the fund may bear an annual 12b-1 fee of up to 0.25%. However, no such fee is currently charged to the fund and no such fees will be charged prior to 3/01/2012.
Index Publications LLC 353 Sacramento Street, Suite 1520 San Francisco, CA 94111 Publisher Jim Wiandt 415 659 9007 Fax 415 659 9005 jwiandt@indexuniverse.com Editor Matt Hougan mhougan@indexuniverse.com Managing Editor Heather Bell hbell@indexuniverse.com Copy Editor Lisa Barr lbarr@indexuniverse.com Art Director Jodie Battaglia jbattaglia@fa-mag.com Online Production Manager Juan Calderon jcaldero@indexuniverse.com Director of Advertising Don Friedman 415 659 9009 dfriedman@indexuniverse.com SUBSCRIPTION INFORMATION The introductory rate to subscribe to ETFR is $279 annually. Subscribe by contacting Steve Kimball at skimball@fa-mag.com or by calling 732.450.8866, ext. 12. COPYRIGHT STATEMENT © 2011 Index Publications LLC. All rights reserved. The text, images and other materials contained or displayed are proprietary to Index Publications LLC, except where otherwise noted, and constitute valuable intellectual property. No material from any part of any Index Publications LLC publication, product, service, report, e-mail or Web site may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of Index Publications LLC. For permission to photocopy and use material electronically, please contact reprints@indexuniverse.com or call 415-659-9004. business, were canceled by the New York Stock Exchange and the Nasdaq OMX, according to a spokeswoman at St. Louis-based Scottrade. Some of the affected funds briefly lost almost all of their value, while others lost anywhere from a quarter to 80 percent of their values, according to data from Bloomberg. Scottrade and Knight Capital Americas said in a joint press release that the broken trades were the result of an error by Knight, the lead market maker for the funds in question. The funds resumed normal trading after the problem was resolved, the press release said. Wave Of Inverse Bond Funds Launch With expectations of a bond-market sell-off on the rise, inverse bond ETFs have been debuting left and right from late March into early April. Direxion launched three on March 23, including the Direxion Daily Total Bond Market Bear 1x Shares (NYSE Arca: SAGG), Direxion Daily 7-10 Year Treasury Bear 1x Shares (NYSE Arca: TYNS) and Direxion Daily 20 Year Plus Treasury Bear 1x Shares (NYSE Arca: TYBS). Each comes with an annual net expense ratio of 0.65 percent. That same day, ProShares launched an inverse junk bond ETF. In all, from March 23 to April 5, the firm rolled out four different ETFs tied to the corporate and Treasury segments of the fixed-income market: • ProShares Short High Yield ETF (NYSE Arca: SJB) • ProShares Short Investment Grade Corporate ETF (NYSE Arca: IGS) • ProShares UltraShort 3-7 Year Treasury ETF (NYSE Arca: TBZ) • ProShares Short 7-10 Year Treasury ETF (NYSE Arca: TBX) The ProShares funds each charge expense ratios of 0.95 percent. DB, PowerShares Roll Out Sovereign Debt ETNs In late March, Deutsche Bank rolled out three pairs of ETNs focused on German, Italian and Japanese sovereign debt futures that serve up single- and triple-long exposure to their respective UPDATES indexes. The German bank uses Invesco PowerShares for marketing of the notes. The ETNs include: • PowerShares DB German Bund Futures ETN (NYSE Arca: BUNL) • PowerShares DB 3x German Bund Futures ETN (NYSE Arca: BUNT) • PowerShares DB Italian Treasury Bond Futures ETN (NYSE Arca: ITLY) • PowerShares DB 3x Italian Treasury Bond Futures ETN (NYSE Arca: ITLT) • PowerShares DB Japanese Govt Bond Futures ETN (NYSE Arca: JGBL) • PowerShares DB 3x Japanese Govt Bond Futures ETN (NYSE Arca: JGBT) The triple-exposure securities rebalance monthly, the same as all leveraged DB PowerShares products. The single-exposure ETNs each have an expense ratio of 0.50 percent, while the triple-exposure products have expense ratios of 0.95 percent. Credit Suisse Debuts Leveraged Merger ETN In early March, Credit Suisse launched a double-exposure exchange-traded note that attempts to profit from merger activity, in a follow-up to a similar, singleexposure ETN it launched in October 2010. The 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index ETN (NYSE Arca: CSMB) is rebalanced monthly, and is a follow-on to the Credit Suisse Merger Arbitrage Liquid Index ETN (NYSE Arca: CSMA). Both securities aim to capture the spread between the price at which the stock of a target company trades after a proposed acquisition is announced, and the price which the acquiring company will pay. Credit Suisse said the ETN is designed to have lower volatility than equity markets and low correlation to them. Gains are booked when deals are closed, and losses are incurred when deals break. The relatively slow, accretive return profile of the strategy makes it ideal for a leveraged version, a Credit Suisse official said. ETFR • May 2011 3
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US-Listed ETFs Sorted by Asset Class and Year-to-Date Return

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