Rydex Inverse S&P 500 Strategy A (Rydex Series Fds, Inverse S&P 5) fond

The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The index is a capitalization-weighted index composed of 500 common stocks. The fund is non-diversified.