Rydex Internet Inv

Under typical conditions, this fund allocates at least 80% of its net assets to equity holdings of Internet companies primarily traded within the United States. It also strategically utilizes derivatives, principally futures contracts and options, which may be based on individual securities, other futures contracts, or stock market indices. A significant portion of its portfolio may be directed towards Internet firms with small to mid-sized market capitalizations. Furthermore, the fund has the flexibility to acquire American Depositary Receipts (ADRs) for exposure to foreign Internet businesses and may also invest in U.S. government debt.