S&P 500 2x Strategy Fund — new fund registration

RYDEX DYNAMIC FUNDS registered fund series on Form 485APOS, filed 2012-02-24. Featured series: S&P 500 2x Strategy Fund.

Registration

Registrant / trust: RYDEX DYNAMIC FUNDS
CIK: 0001092720
Form: 485APOS
Filed: 2012-02-24
Accession: 0001193125-12-078306
Reported net assets: $181.5M

Series & classes (2)

Series	Class	Ticker	New
S&P 500 2x Strategy Fund	H	RYTNX	—
Inverse S&P 500 2x Strategy Fund	H	RYTPX	—

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.84%
Management fee: 0.90%
Net expense ratio: 1.74%
Other expenses: 0.69%

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 S&P 500 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)