^†The information in this document and in the preliminary prospectus is subject to completion and may be amended or changed. A registration statement with respect to these securities has been filed with the Securities and Exchange Commission and is not yet effective. The securities may not be sold until the registration statement becomes effective. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

1 Latest declared dividend per share annualized and divided by the current share price. To the extent any portion of the current distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19a-1 letter located under the “Fund News” section of the “News & Literature” section of the Fund’s website. The distribution rate may include net investment income, capital gains and/or return of capital. The distribution rate alone is not indicative of Fund performance.

2 In connection with the closing of TYW's reorganization into an open-end fund on January 13, 2012, TYW's common shares were delisted from the NYSE after the close of the market on December 30, 2011. For additional information on the newly created open-end fund, please visit www.rydex-sgi.com/service/contactus.shtml.

There can be no assurance that any closed-end fund will achieve its investment objective(s). Past performance does not guarantee future results. The value of any closed-end fund will fluctuate with the value of the underlying securities. Until the original listing of a closed-end fund on an exchange, no closed-end fund's shares will have a history of public trading and, historically closed-end funds often trade at a discount to their net asset value.