High Yield Strategy Fund — new fund registration

RYDEX SERIES FUNDS registered 2 new fund series on Form 485APOS, filed 2006-12-15. Featured series: High Yield Strategy Fund.

Registration

Registrant / trust: RYDEX SERIES FUNDS
CIK: 0000899148
Form: 485APOS
Filed: 2006-12-15
State of incorporation: DE
Accession: 0000935069-06-003367
Reported net assets: $12.4M

Series & classes (6)

Series	Class	Ticker	New
High Yield Strategy Fund	A-Class Shares	RYHDX	Yes
High Yield Strategy Fund	C-Class Shares	RYHHX	Yes
High Yield Strategy Fund	H-Class Shares	RYHGX	Yes
Inverse High Yield Strategy Fund	A-Class Shares	RYILX	Yes
Inverse High Yield Strategy Fund	C-Class Shares	RYIYX	Yes
Inverse High Yield Strategy Fund	H-Class Shares	RYIHX	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.61%
Management fee: 0.75%
Net expense ratio: 1.56%
Other expenses: 0.59%

Investment objective

The High Yield Strategy Fund (the Fund) seeks to provide investment results that correlate, before fees and expenses, to the performance of the high yield bond market.

Advisers

Security Investors, LLC (Advisor)