Rydex Set To Begin Trading The Rydex Russell Midcap Equal Weight ETF Wednesday December 8 (EWRM)

Rydex is set to begin trading their new “Rydex Russell Midcap Equal Weight ETF” (NYSE:EWRM) tomorrow. The investment objective of the Rydex Russell MidCap Equal Weight ETF (the “Fund”) is to correspond as closely as possible, before fees and expenses, to the price and yield performance of the Russell MidCap Equal Weight Index

Total Annual Fund Operating Expenses: 0.55%

PRINCIPAL INVESTMENT STRATEGIES – The Fund uses a passive management strategy, known as “replication,” to track the performance of the Underlying Index. “Replication” refers to investing in substantially all of the securities in the Underlying Index in approximately the same proportions as in the Underlying Index. The Advisor expects that, over time, if the Fund has sufficient assets, the correlation between the Fund’s performance, before fees and expenses, and that of the Underlying Index will be 95% or better. A figure of 100% would indicate perfect correlation.

The Russell MidCap Equal Weight Index is an unmanaged equal-weighted version of the Russell MidCap Index, which measures the performance of the mid-cap segment of the U.S. equity universe. The Russell MidCap Index is a subset of the Russell 1000(R) Index and includes approximately 800 of the smallest securities within the Russell 1000(R) Index based on a combination of market capitalization and current index membership. The Russell MidCap Index generally represents medium-capitalization companies with capitalizations ranging from $968 million to $13.7 billion as of June 30, 2010. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer
in comparison to a diversified fund.

For the full prospectus click: HERE

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