The Rydex Inverse 2x S&P Select Sector Health Care 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 Health Care Select Sector Index (the Underlying Index). The Health Care Select Sector Index consists of the common stocks of the industries, including healthcare equipment and supplies, healthcare providers and services, and biotechnology and pharmaceuticals industries that comprise the Health Care 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.