S&P 500 Fund — new fund registration

RYDEX SERIES FUNDS registered 2 new fund series on Form 485APOS, filed 2006-03-03. Featured series: S&P 500 Fund.

Registration

Registrant / trust: RYDEX SERIES FUNDS
CIK: 0000899148
Form: 485APOS
Filed: 2006-03-03
State of incorporation: DE
Accession: 0001169232-06-001381
Reported net assets: $139.2M

Series & classes (6)

Series	Class	Ticker	New
S&P 500 Fund	A-Class Shares	RYSOX	Yes
S&P 500 Fund	C-Class Shares	RYSYX	Yes
S&P 500 Fund	H-Class Shares	RYSPX	Yes
Russell 2000 Fund	A-Class Shares	RYRRX	Yes
Russell 2000 Fund	C-Class Shares	RYROX	Yes
Russell 2000 Fund	H-Class Shares	RYRHX	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.66%
Management fee: 0.75%
Net expense ratio: 1.62%
Other expenses: 0.66%

Investment objective

The S&P 500 Fund (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 the S&P 500 Index (the underlying index).

Advisers

Security Investors, LLC (Advisor)