Dynamic Russell 2000 Fund — new fund registration

RYDEX DYNAMIC FUNDS registered 2 new fund series on Form 485APOS, filed 2006-02-16. Featured series: Dynamic Russell 2000 Fund.

Registration

Registrant / trust: RYDEX DYNAMIC FUNDS
CIK: 0001092720
Form: 485APOS
Filed: 2006-02-16
State of incorporation: DE
Accession: 0001122775-06-000217
Reported net assets: $54.2M

Series & classes (6)

Series	Class	Ticker	New
Dynamic Russell 2000 Fund	A-Class Shares	RYRUX	Yes
Dynamic Russell 2000 Fund	C-Class Shares	RYRLX	Yes
Dynamic Russell 2000 Fund	H-Class Shares	RYRSX	Yes
Inverse Dynamic Russell 2000 Fund	A-Class Shares	RYIUX	Yes
Inverse Dynamic Russell 2000 Fund	C-Class Shares	RYIZX	Yes
Inverse Dynamic Russell 2000 Fund	H-Class Shares	RYIRX	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.94%
Management fee: 0.90%
Net expense ratio: 1.84%
Other expenses: 0.79%

Investment objective

The Fund seeks to provide investment results that match, before fees and expenses, the performance of a specific benchmark on a daily basis. The Funds current benchmark is 200% of the performance of the Russell 2000 Index (the underlying index). The Fund does not seek to achieve its investment objective over a period of time greater than one day.

Advisers

Security Investors, LLC (Advisor)