# EDGAR Filing Document

**Accession Number:** 0000899148
**File Stem:** 0001193125-26-014790
**Filing Date:** 2026-1
**Character Count:** 28594
**Document Hash:** 40de902c5d32ae6b2d5f6f523cc3925f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-014790.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001193125-26-014790

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**EFFECTIVENESS DATE**: 20260116

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000899148

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-59692
- **FILM NUMBER:** 26538022

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **DATE OF NAME CHANGE:** 20170712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES FUNDS
- **DATE OF NAME CHANGE:** 20000229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### U.S. Government Money Market Fund (Series ID: S000003657)

---

|  |  |  |
|:---|:---|:---|
| Class Name                | Ticker Symbol | Class ID   |
| Money Market Class Shares | RYFXX         | C000113321 |

---

### Banking Fund (Series ID: S000003683)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYBKX         | C000010305 |
| Class C    | RYKCX         | C000010306 |

---

### Government Long Bond 1.2x Strategy Fund (Series ID: S000003684)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYABX         | C000010309 |
| Class C    | RYCGX         | C000010310 |

---

### Mid-Cap 1.5x Strategy Fund (Series ID: S000003685)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAHX         | C000010312 |
| Class C    | RYDCX         | C000010313 |

---

### S&P 500 Pure Value Fund (Series ID: S000003688)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYLVX         | C000010321 |
| Class C    | RYVVX         | C000010322 |

---

### S&P 500 Pure Growth Fund (Series ID: S000003689)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYLGX         | C000010324 |
| Class C    | RYGRX         | C000010325 |

---

### Inverse Government Long Bond Strategy Fund (Series ID: S000003690)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAQX         | C000010328 |
| Class C    | RYJCX         | C000010329 |

---

### Nova Fund (Series ID: S000003691)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYANX         | C000010332 |
| Class C    | RYNCX         | C000010333 |

---

### Inverse S&P 500 Strategy Fund (Series ID: S000003692)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYARX         | C000010336 |
| Class C    | RYUCX         | C000010337 |

---

### NASDAQ-100 Fund (Series ID: S000003693)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYATX         | C000010340 |
| Class C    | RYCOX         | C000010341 |

---

### Inverse NASDAQ-100 Strategy Fund (Series ID: S000003694)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAPX         | C000010344 |
| Class C    | RYACX         | C000010345 |

---

### Europe 1.25x Strategy Fund (Series ID: S000003695)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAEX         | C000010347 |
| Class C    | RYCEX         | C000010348 |

---

### Russell 2000 1.5x Strategy Fund (Series ID: S000003697)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAKX         | C000010353 |
| Class C    | RYCMX         | C000010354 |

---

### S&P SmallCap 600 Pure Value Fund (Series ID: S000003760)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYSVX         | C000010430 |
| Class C    | RYYCX         | C000010431 |

---

### Weakening Dollar 2x Strategy Fund (Series ID: S000003761)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYWDX         | C000010433 |
| Class C    | RYWJX         | C000010434 |

---

### Guggenheim Multi-Hedge Strategies Fund (Series ID: S000003763)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | RYMQX         | C000010439 |
| Class C             | RYMRX         | C000010440 |
| Institutional Class | RYIMX         | C000088407 |

---

### S&P SmallCap 600 Pure Growth Fund (Series ID: S000003768)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYSGX         | C000010446 |
| Class C    | RYWCX         | C000010447 |

---

### S&P MidCap 400 Pure Value Fund (Series ID: S000003769)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYMVX         | C000010449 |
| Class C    | RYMMX         | C000010450 |

---

### S&P MidCap 400 Pure Growth Fund (Series ID: S000003770)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYMGX         | C000010452 |
| Class C    | RYCKX         | C000010453 |

---

### Inverse Mid-Cap Strategy Fund (Series ID: S000003771)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAGX         | C000010455 |
| Class C    | RYCLX         | C000010456 |

---

### Inverse Russell 2000 Strategy Fund (Series ID: S000003772)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYAFX         | C000010458 |
| Class C    | RYCQX         | C000010459 |

---

### Real Estate Fund (Series ID: S000003773)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYREX         | C000010461 |
| Class C    | RYCRX         | C000010462 |

---

### Commodities Strategy Fund (Series ID: S000003774)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYMEX         | C000010464 |
| Class C    | RYMJX         | C000010465 |

---

### Strengthening Dollar 2x Strategy Fund (Series ID: S000003775)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYSDX         | C000010467 |
| Class C    | RYSJX         | C000010468 |

---

### Precious Metals Fund (Series ID: S000003798)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYMNX         | C000010580 |
| Class C    | RYZCX         | C000010581 |

---

### Telecommunications Fund (Series ID: S000003799)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYTLX         | C000010584 |
| Class C    | RYCSX         | C000010585 |

---

### Transportation Fund (Series ID: S000003800)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYTSX         | C000010588 |
| Class C    | RYCNX         | C000010589 |

---

### Energy Services Fund (Series ID: S000003801)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYESX         | C000010592 |
| Class C    | RYVCX         | C000010593 |

---

### Biotechnology Fund (Series ID: S000003802)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYBOX         | C000010596 |
| Class C    | RYCFX         | C000010597 |

---

### Electronics Fund (Series ID: S000003803)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYELX         | C000010600 |
| Class C    | RYSCX         | C000010601 |

---

### Internet Fund (Series ID: S000003804)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYINX         | C000010604 |
| Class C    | RYICX         | C000010605 |

---

### Utilities Fund (Series ID: S000003805)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYUTX         | C000010608 |
| Class C    | RYCUX         | C000010609 |

---

### Energy Fund (Series ID: S000003806)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYENX         | C000010612 |
| Class C    | RYECX         | C000010613 |

---

### Financial Services Fund (Series ID: S000003807)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYFNX         | C000010616 |
| Class C    | RYFCX         | C000010617 |

---

### Health Care Fund (Series ID: S000003808)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYHEX         | C000010620 |
| Class C    | RYHCX         | C000010621 |

---

### Technology Fund (Series ID: S000003809)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYTHX         | C000010624 |
| Class C    | RYCHX         | C000010625 |

---

### Basic Materials Fund (Series ID: S000003810)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYBMX         | C000010628 |
| Class C    | RYBCX         | C000010629 |

---

### Consumer Products Fund (Series ID: S000003811)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYPDX         | C000010632 |
| Class C    | RYCPX         | C000010633 |

---

### Leisure Fund (Series ID: S000003812)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYLSX         | C000010636 |
| Class C    | RYLCX         | C000010637 |

---

### Retailing Fund (Series ID: S000003813)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYRTX         | C000010640 |
| Class C    | RYRCX         | C000010641 |

---

### S&P 500 Fund (Series ID: S000012221)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYSOX         | C000033368 |
| Class C    | RYSYX         | C000033369 |

---

### Russell 2000 Fund (Series ID: S000012222)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYRRX         | C000033371 |
| Class C    | RYROX         | C000033372 |

---

### Guggenheim Managed Futures Strategy Fund (Series ID: S000014094)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Class A             | RYMTX         | C000039064 |
| Class C             | RYMZX         | C000039065 |
| Institutional Class | RYIFX         | C000088408 |

---

### High Yield Strategy Fund (Series ID: S000015881)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYHDX         | C000043615 |
| Class C    | RYHHX         | C000043616 |

---

### Inverse High Yield Strategy Fund (Series ID: S000015882)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYILX         | C000043618 |
| Class C    | RYIYX         | C000043619 |

---

### Emerging Markets 2x Strategy Fund (Series ID: S000018291)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYWTX         | C000050422 |
| Class C    | RYWUX         | C000050423 |

---

### Inverse Emerging Markets 2x Strategy Fund (Series ID: S000018292)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYWWX         | C000050425 |
| Class C    | RYWZX         | C000050426 |

---

### Japan 2x Strategy Fund (Series ID: S000018293)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYJSX         | C000050428 |
| Class C    | RYJTX         | C000050429 |

---

### Emerging Markets Bond Strategy Fund (Series ID: S000041673)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYIEX         | C000129378 |
| Class C    | RYFTX         | C000129379 |

---

### Monthly Rebalance NASDAQ-100 2x Strategy Fund (Series ID: S000047391)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RMQAX         | C000148763 |
| Class C    | RMQCX         | C000148764 |

---

### Dow Jones Industrial Average Fund (Series ID: S000051596)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | RYDAX         | C000162317 |
| Class C    | RYDKX         | C000162318 |

---

## Series and Classes Contracts Data

### U.S. Government Money Market Fund (Series ID: S000003657)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000113321 | Money Market Class Shares | RYFXX           |

### Banking Fund (Series ID: S000003683)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010305 | Class A      | RYBKX           |
| C000010306 | Class C      | RYKCX           |

### Government Long Bond 1.2x Strategy Fund (Series ID: S000003684)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010309 | Class A      | RYABX           |
| C000010310 | Class C      | RYCGX           |

### Mid-Cap 1.5x Strategy Fund (Series ID: S000003685)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010312 | Class A      | RYAHX           |
| C000010313 | Class C      | RYDCX           |

### S&P 500 Pure Value Fund (Series ID: S000003688)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010321 | Class A      | RYLVX           |
| C000010322 | Class C      | RYVVX           |

### S&P 500 Pure Growth Fund (Series ID: S000003689)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010324 | Class A      | RYLGX           |
| C000010325 | Class C      | RYGRX           |

### Inverse Government Long Bond Strategy Fund (Series ID: S000003690)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010328 | Class A      | RYAQX           |
| C000010329 | Class C      | RYJCX           |

### Nova Fund (Series ID: S000003691)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010332 | Class A      | RYANX           |
| C000010333 | Class C      | RYNCX           |

### Inverse S&P 500 Strategy Fund (Series ID: S000003692)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010336 | Class A      | RYARX           |
| C000010337 | Class C      | RYUCX           |

### NASDAQ-100 Fund (Series ID: S000003693)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010340 | Class A      | RYATX           |
| C000010341 | Class C      | RYCOX           |

### Inverse NASDAQ-100 Strategy Fund (Series ID: S000003694)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010344 | Class A      | RYAPX           |
| C000010345 | Class C      | RYACX           |

### Europe 1.25x Strategy Fund (Series ID: S000003695)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010347 | Class A      | RYAEX           |
| C000010348 | Class C      | RYCEX           |

### Russell 2000 1.5x Strategy Fund (Series ID: S000003697)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010353 | Class A      | RYAKX           |
| C000010354 | Class C      | RYCMX           |

### S&P SmallCap 600 Pure Value Fund (Series ID: S000003760)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010430 | Class A      | RYSVX           |
| C000010431 | Class C      | RYYCX           |

### Weakening Dollar 2x Strategy Fund (Series ID: S000003761)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010433 | Class A      | RYWDX           |
| C000010434 | Class C      | RYWJX           |

### Guggenheim Multi-Hedge Strategies Fund (Series ID: S000003763)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000010439 | Class A             | RYMQX           |
| C000010440 | Class C             | RYMRX           |
| C000088407 | Institutional Class | RYIMX           |

### S&P SmallCap 600 Pure Growth Fund (Series ID: S000003768)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010446 | Class A      | RYSGX           |
| C000010447 | Class C      | RYWCX           |

### S&P MidCap 400 Pure Value Fund (Series ID: S000003769)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010449 | Class A      | RYMVX           |
| C000010450 | Class C      | RYMMX           |

### S&P MidCap 400 Pure Growth Fund (Series ID: S000003770)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010452 | Class A      | RYMGX           |
| C000010453 | Class C      | RYCKX           |

### Inverse Mid-Cap Strategy Fund (Series ID: S000003771)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010455 | Class A      | RYAGX           |
| C000010456 | Class C      | RYCLX           |

### Inverse Russell 2000 Strategy Fund (Series ID: S000003772)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010458 | Class A      | RYAFX           |
| C000010459 | Class C      | RYCQX           |

### Real Estate Fund (Series ID: S000003773)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010461 | Class A      | RYREX           |
| C000010462 | Class C      | RYCRX           |

### Commodities Strategy Fund (Series ID: S000003774)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010464 | Class A      | RYMEX           |
| C000010465 | Class C      | RYMJX           |

### Strengthening Dollar 2x Strategy Fund (Series ID: S000003775)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010467 | Class A      | RYSDX           |
| C000010468 | Class C      | RYSJX           |

### Precious Metals Fund (Series ID: S000003798)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010580 | Class A      | RYMNX           |
| C000010581 | Class C      | RYZCX           |

### Telecommunications Fund (Series ID: S000003799)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010584 | Class A      | RYTLX           |
| C000010585 | Class C      | RYCSX           |

### Transportation Fund (Series ID: S000003800)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010588 | Class A      | RYTSX           |
| C000010589 | Class C      | RYCNX           |

### Energy Services Fund (Series ID: S000003801)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010592 | Class A      | RYESX           |
| C000010593 | Class C      | RYVCX           |

### Biotechnology Fund (Series ID: S000003802)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010596 | Class A      | RYBOX           |
| C000010597 | Class C      | RYCFX           |

### Electronics Fund (Series ID: S000003803)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010600 | Class A      | RYELX           |
| C000010601 | Class C      | RYSCX           |

### Internet Fund (Series ID: S000003804)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010604 | Class A      | RYINX           |
| C000010605 | Class C      | RYICX           |

### Utilities Fund (Series ID: S000003805)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010608 | Class A      | RYUTX           |
| C000010609 | Class C      | RYCUX           |

### Energy Fund (Series ID: S000003806)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010612 | Class A      | RYENX           |
| C000010613 | Class C      | RYECX           |

### Financial Services Fund (Series ID: S000003807)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010616 | Class A      | RYFNX           |
| C000010617 | Class C      | RYFCX           |

### Health Care Fund (Series ID: S000003808)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010620 | Class A      | RYHEX           |
| C000010621 | Class C      | RYHCX           |

### Technology Fund (Series ID: S000003809)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010624 | Class A      | RYTHX           |
| C000010625 | Class C      | RYCHX           |

### Basic Materials Fund (Series ID: S000003810)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010628 | Class A      | RYBMX           |
| C000010629 | Class C      | RYBCX           |

### Consumer Products Fund (Series ID: S000003811)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010632 | Class A      | RYPDX           |
| C000010633 | Class C      | RYCPX           |

### Leisure Fund (Series ID: S000003812)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010636 | Class A      | RYLSX           |
| C000010637 | Class C      | RYLCX           |

### Retailing Fund (Series ID: S000003813)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010640 | Class A      | RYRTX           |
| C000010641 | Class C      | RYRCX           |

### S&P 500 Fund (Series ID: S000012221)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033368 | Class A      | RYSOX           |
| C000033369 | Class C      | RYSYX           |

### Russell 2000 Fund (Series ID: S000012222)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033371 | Class A      | RYRRX           |
| C000033372 | Class C      | RYROX           |

### Guggenheim Managed Futures Strategy Fund (Series ID: S000014094)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000039064 | Class A             | RYMTX           |
| C000039065 | Class C             | RYMZX           |
| C000088408 | Institutional Class | RYIFX           |

### High Yield Strategy Fund (Series ID: S000015881)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043615 | Class A      | RYHDX           |
| C000043616 | Class C      | RYHHX           |

### Inverse High Yield Strategy Fund (Series ID: S000015882)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043618 | Class A      | RYILX           |
| C000043619 | Class C      | RYIYX           |

### Emerging Markets 2x Strategy Fund (Series ID: S000018291)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050422 | Class A      | RYWTX           |
| C000050423 | Class C      | RYWUX           |

### Inverse Emerging Markets 2x Strategy Fund (Series ID: S000018292)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050425 | Class A      | RYWWX           |
| C000050426 | Class C      | RYWZX           |

### Japan 2x Strategy Fund (Series ID: S000018293)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000050428 | Class A      | RYJSX           |
| C000050429 | Class C      | RYJTX           |

### Emerging Markets Bond Strategy Fund (Series ID: S000041673)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129378 | Class A      | RYIEX           |
| C000129379 | Class C      | RYFTX           |

### Monthly Rebalance NASDAQ-100 2x Strategy Fund (Series ID: S000047391)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000148763 | Class A      | RMQAX           |
| C000148764 | Class C      | RMQCX           |

### Dow Jones Industrial Average Fund (Series ID: S000051596)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000162317 | Class A      | RYDAX           |
| C000162318 | Class C      | RYDKX           |

![](gxkwkdrp776zcpfllmx4o.jpg)

**702 King Farm Blvd., Suite 200**

**Rockville, Maryland 20850**

**RYDEX DYNAMIC FUNDS**

**RYDEX SERIES FUNDS**

**Supplement dated January 16, 2026**

**This Supplement applies to each series of Rydex Dynamic Funds and Rydex Series Funds (each, a "Fund" and collectively, the "Funds") included in the currently effective Rydex Dynamic Funds' Class A and Class C Shares Statutory Prospectus and Rydex Series Funds' Class A, Class C and Institutional Shares Statutory Prospectuses, as supplemented from time to time (each, a "Prospectus")**

**This supplement provides new and additional information beyond that contained in each Prospectus and should be read in conjunction with the Prospectus.**

Effective immediately, the description of the sales charge waivers and discounts available through Robert W. Baird & Co. in Appendix A ("Intermediary-Specific Sales Charge Waivers and Discounts") of each Prospectus is deleted in its entirety and replaced with the following:

**<u>Robert W. Baird & Co. ("Baird")</u>**

Effective January 1, 2026, shareholders purchasing fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI.

**Front-End Sales Charge Waivers on Class A-shares Available at Baird**

∙Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund

∙Shares purchased by employees and registered representatives of Baird or its affiliates and their family members as designated by Baird

∙Shares purchased within 90 days following a redemption from a Fund in the Guggenheim Family of Funds, provided (1) the redemption and purchase occur within the purchaser's Baird household and (2) the redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)

∙A shareholder in the Funds Class C Shares will have their share converted at net asset value to Class A Shares of the same fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird

∙Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs

**CDSC Waivers on Class A and C shares Available at Baird**

∙Shares sold due to death or disability of the shareholder

∙Shares sold as part of a systematic withdrawal plan as described in the Fund's Prospectus

∙Shares bought due to returns of excess contributions from an IRA Account

![](gk3t0egvibz75dv6hhvbj.jpg)

∙Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations as described in the Fund's prospectus

∙Shares sold to pay Baird fees but only if the transaction is initiated by Baird

∙Shares acquired through a right of reinstatement

**Front-End Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulation**

∙Breakpoints as described in this prospectus

∙Rights of accumulations which entitles shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Guggenheim Family of Funds assets held by accounts within the purchaser's household at Baird. Eligible Guggenheim Family of Funds assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets

∙Letters of Intent (LOI) allow for breakpoint discounts based on anticipated purchases of Guggenheim Family of Funds through Baird, over a 13-month period of time

**Please retain this supplement for future reference.**

SUPP-RYDEX-1-0126x0526