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Rydex Small Cap Value Fund earns 5-star Morningstar rating

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Rydex|SGI’s Small Cap Value Fund A, C and Institutional shares have achieved a 5-star overall rating from Morningstar for the three year period ended July 31, 2011, based on risk-adjusted returns. The fund was rated against 572 funds in the Morningstar small cap blend category.

The 5-star rating marks the third anniversary of the fund. Before star ratings are assigned, Morningstar requires that funds have three years of performance history. Morningstar’s rating methodology was first introduced in 1985 and is a quantitative measure of a fund’s performance, according to the Morningstar website. It examines total returns, relative performance and risk adjusted returns. The 5-star rating is provided only to those funds that rank in the top 10% of the peer group.

"We are very pleased with the Morningstar 5-star rating and it solidifies our strong investment process of investing in undervalued small cap companies," says Jim Schier (pictured), portfolio manager for the fund at Rydex. "Our rigorous investment process combines searching for the most undervalued and underserved opportunities in the market.".

Schier is a leading portfolio manager in the industry with over 27 years of experience, in which 16 years he has worked at Rydex|SGI. He also holds a Chartered Financial Analyst (CFA) designation.

The Rydex|SGI Small Cap Value Fund invests in a diversified portfolio of 70 to 90 small cap companies. Additionally, the fund has a smaller market cap profile when compared to other small cap value funds, with approximately 52% of its holdings in microcaps, according to a Morningstar analysis report of the fund released 8/3/2011.

In addition to managing small cap assets, the value team, lead by Schier, manages assets across the entire value market capitalisation including, large cap, mid cap, and small cap.

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