The Rydex Inverse 2x S&P Select Sector Financial ETF (the Fund) seeks to provide investment results that match the performance of a specific benchmark. The Fund’s benchmark is 200% of the inverse (opposite) of the performance of the Financial Select Sector Index (the Index). The Index consists of the common stocks of industries, including banks, diversified financials, brokerage, asset management, insurance and real estate, including real estate investment trusts industries that comprise the Financial sector of the S&P 500 Index. PADCO Advisors II, Inc., which operates under the name Rydex Investments, serves as investment adviser of the Fund.