Rydex S&P Equal Weight ETF (the Fund) tracks the S&P 500 Equal Weight Total Return Index (Underlying Index). The Fund’s investment objective is to provide investment results that correspond generally to the performance of an index representing publicly traded equity securities. The Fund invests in sectors, including consumer discretionary, financials, information technology, industrials, healthcare and others. The Fund operates as an index fund. Rydex Investments is the Fund’s investment advisor.