Free Writing Prospectus
Rydex CurrencyShares
®
Currency as an Asset Class
This presentation is provided for informational purposes only. The contents are neither designed nor intended and should not be considered as, or relied
upon as, investment, legal, tax or accounting advice or as a recommendation of any specific security or strategy. Investors should have a thorough
understanding of the risks, as well as potential benefits, of the products and strategies referenced throughout this presentation and
consult their financial advisor before deciding what, if any, course of action to take for their own particular situation.
1
Filed Pursuant To Rule 433
Registration Nos. 333-163068, 333-164343, 333-175503, 333-
174640, 333-175502, 333-173158, 333-159961, 333-150687,
333-159964 and 333-176370


Rydex | SGI Overview
Focused on delivering alpha and beta solutions
276 employees with 46 investment professionals
~$26 billion in assets under management, with $9.2
billion in Exchange Traded Products as of 06.30.11
A subsidiary of Guggenheim SBC Holdings, LLC,  a
special purpose entity managed by an affiliate of
Guggenheim Partners, LLC
Who we are
We innovate
with numerous industry firsts
First Equal Weight ETF [RSP in 2003]
First Currency ETPs [CurrencyShares, 2006]
First
Equal
Weight
S&P
Sector
ETFs
[2006]
First Managed Futures Mutual Fund [2007]
We educate –
providing education that empowers
advisors to deliver innovative, competitive
solutions to their clients
What we do


Rydex: Current Exchange Traded Products
US Value
US Growth
US Core
US Sectors
Global-Int’l Equity/Currency
ETPs
Pure Style S&P 400
Pure Style S&P 400
Russell Top 50
Australian Dollar
British Pound
Pure Style S&P 500
Pure Style S&P 500
S&P 500 2X
Canadian Dollar
Mexican Peso
Pure Style S&P 600
Pure Style S&P 600
S&P 500 Inverse 2X
Euro
Swedish Krona
Swiss Franc
Russian Ruble
Japanese Yen
Chinese Renminbi
EQUAL
EW S&P 500
EW Consumer Discretionary
EW MSCI ACWI
WEIGHT
EW S&P 400 MidCap
EW Consumer Staples
EW MSCI EAFE
ETFs
EW S&P 600 SmallCap
EW Energy
EW MSCI Emerging Markets
EW Russell 1000
EW Financials
EW Russell MidCap
EW Health Care
EW Russell 2000
EW Industrials
EW Materials
EW Technology
EW Utilities


4
Rydex|SGI: A History of Innovation
RSP
First Equal
Weight ETF
4/24/2003
XLG
Differentiated
Mega-Cap Exposure
5/4/2005
FXE
First Currency
ETF in U.S.
12/5/2005
Pure Style ETFs:
3/1/2006
Domestic Equal Weight
Global/Int’l Equal Weight
2003
2007
2005
2009
2010
2004
2006
2008
2011
First Managed
Futures Mutual Fund
3/2/2007
Read a fund’s prospectus and summary prospectus (if available) carefully before investing. It contains the fund’s investment objectives, risks,
charges, expenses and other information, which should be considered carefully before investing. Obtain a prospectus and summary prospectus (if
available)
at
www.rydex-sgi.com
or
call
800.820.0888.


Currency in the News


An Overview of Currency
The currency market is the world’s largest and most liquid market, with average
daily turnover of roughly $4 trillion*
Many hedge funds and institutions have used currency investing as a means of
hedging certain portfolio exposures against currency risks and opportunistically
trading across currencies
Many foreign currencies have historically shown a  low correlation to U.S. equity
and fixed-income markets
Currency investing offers a variety of trading strategies
* Source: Bank of International Settlements, April 2010


Interest rates
Inflation / deflation
International trade
Commodity prices
Economic stability
Geopolitical risk
Factors that Impact Currency


Currency Fluctuates Significantly Over Time
Source:
Bloomberg, currency spot rates.
Past performance is no guarantee of future results.


US Dollar
Index®
S&P 500®
Index
Barclays
Capital U.S.
Aggregate
Bond Index
US Dollar Index®
1.00
S&P 500®
Index
-0.57
1.00
Barclays Capital U.S. Aggregate
Bond Index
-0.43
0.16
1.00
Source data: FactSet.
Past performance is no guarantee of future results.
Index returns do not reflect fees, expenses or transaction costs. You cannot invest directly in an index.
See important definitions on slide 19.
Correlation
(7/1/2006 through 6/30/2011)
Correlation
Many currencies have historically offered a low correlation to other asset classes like stocks and
bonds, which in turn helps lower portfolio risk and boost overall returns.


Source: Bloomberg
Performance displayed is past performance and no guarantee of future results.
For the examples above, stocks are represented by the S&P 500 Index, bonds are represented by Barclays Capital Aggregated Bond Index, international
developed equities are represented by the MSCI EAFE Index, emerging market equities are represented by MSCI EM Index and currency is represented
by
the
US
Dollar
Index.
The
referenced
indices
are
not
available
for
direct
investment
and
do
not
reflect
the
effects
of
transaction
costs,
fees
or
expenses. The 60/40 portfolio is comprised of 60% U.S. stocks and 40% U.S. bonds; the international portfolio is comprised of 40% U.S. stocks, 15%
international developed equities, 5% emerging market equities and 40% U.S. bonds. The international with currency portfolio is comprised of 40% U.S.
stocks, 10% international developed, 5% emerging market equities, 10% Australian dollar and 35% U.S. bonds.
Portfolio Basket Cumulative Return: 5 Years Ending 6/30/2011
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
Jun-06
Dec-06
Jun-07
Dec-07
Jun-08
Dec-08
Jun-09
Dec-09
Jun-10
Dec-10
Jun-11
60/40
International
Int. With Currency
Potential Impact of Adding Currency to A Portfolio


A Convenient Way to Access Currencies: CurrencyShares®
For many years, hedge funds and institutions have used currencies as a way of
hedging
the
dollar
through
seeking
currency
exposure
through
the
Forex
market, which could be challenging for advisors and individuals to utilize. Now,
advisors and investors have a potentially efficient way of hedging dollar
exposure, and taking advantage of investment opportunities in the currency
markets.
Rydex CurrencyShares
®
offer a convenient, cost-effective way to gain
exposure to ten currencies.


Potential
CurrencyShares®
Uses
Provide an efficient means of gaining exposure to a currency
Can be used as a tool for currency hedging
Can be used as part of a tactical trading strategy, individually
and collectively
Currency trading is used by hedge funds and institutions to hedge foreign  
exchange, and to take positions, long and short, in currencies based on
expectations
Investors can be long the highest-yielding currency, and short the lowest-
yielding
currency (i.e., the “carry-trade”)


The Role of Currencies
Diversifying
Cash
Just as investors diversify their international stock and bond portfolios to reduce risk,
investors can also diversify their cash allocations.
Alpha (or
Opportunistic)
Strategies
i.e.
popular
carry
trade,
where
investors
seek
to
profit
on
the
interest
rate
differential
between two currencies. A simple version of the trade can be achieved by purchasing
a high-yielding currency and shorting a low-yielding one.
Speculation
Investors can make calls on the future value of any given pair of currencies. For
example, an investor who believes the U.S. dollar will weaken compared to the euro
may
choose
to
go
long
the
Euro,
while
an
investor
who
thinks
the
euro
is
relatively
overvalued may choose to short the trust instead.
International
Hedging
Buying
international
stocks
and
bonds
inherently
introduces
some
exposure
to
fluctuating currency values, which can significantly impact returns for U.S. investors.
A currency
alpha
strategy
is
an
opportunistic
strategy
is
which
investors
seek
to
profit
from
a
currency
market
move,
as
opposed
to
a
hedging
strategy
in
which an investor is attempting to reduce risk.
Currency investing is subject to several risks. Several factors may affect the price of foreign currency relative to the U.S. dollar including: national debt levels
and trade deficits, domestic and foreign inflation rates and investors' expectations concerning inflation rates, domestic and foreign interest rates and
investors' expectations concerning interest rates, investment and trading activities of mutual funds, hedge funds and currency funds; and global or regional
political,
economic
or
financial
events
and
situations.
When
the
price
of
the
currency
declines,
an
investor
will
be
adversely
affected.
Short
selling
involves
increased risk and costs, including paying more for a security than it received from its sale and the risk of unlimited losses.


Rydex CurrencyShares®
Rydex CurrencyShares
®
offers investors ten ETPs. These ETPs offer a convenient, cost-effective way to
gain
exposure
to
foreign
currencies.
Rydex
CurrencyShares
®
ETPs
are
grantor
trusts,
and
they
hold
actual
foreign
currency
deposits
as
their
sole
asset.
Each
CurrencyShares
®
ETP
has
a
deposit
account
denominated
in
each
of
the
ten
currencies.
Interest
earned*,
if
any,
accrues
daily.
Any
interest,
after
trust
expenses are paid; distributed to shareholders monthly.
Ten
CurrencyShares
®
CurrencyShares
®
Australian
Dollar
Trust
FXA
CurrencyShares
®
British
Pound
Sterling
Trust
FXB
CurrencyShares
®
Canadian
Dollar
Trust
FXC
CurrencyShares
®
Chinese
Renminbi
Trust
FXCH
CurrencyShares
®
Euro
Trust
FXE
CurrencyShares
®
Japanese
Yen
Trust
FXY
CurrencyShares
®
Mexican
Peso
Trust
FXM
CurrencyShares
®
Russian
Ruble
Trust
FXRU
FXRU
CurrencyShares
®
Swedish
Krona
Trust
FXS
CurrencyShares
®
Swiss
Franc
Trust
FXF
*Such
interest
is
not
expected
to
form
a
significant
part
of
the
shareholders'
investment
return.


Benefits of Currency in an ETP Format
Accessibility
Access the currency markets through a traditional brokerage account. Shares are bought and
sold on the NYSE Arca
just like other exchange listed securities.
Actual
Currency
Holdings
The foreign currencies are deposited in segregated depository accounts at J.P. Morgan Chase
Bank N.A. (London).
Exchange-
Traded
CurrencyShares are bought and sold on the NYSE Arca, providing an efficient means of
incorporating tactical strategies or hedging exposures. CurrencyShares are eligible for margin.
Liquidity
CurrencyShares are liquid. They can be purchased in the secondary market. Shares of each
Trust can be created or redeemed in baskets of 50,000 units by Authorized Participants (APs).
Choice
With nine different products covering the world’s major currencies, investors can easily
customize their trades to meet their investment objectives.
Transparency
CurrencyShares®
are grantor trusts, and they hold actual foreign currency deposits as their
sole asset as opposed to money market debt instruments or derivatives contracts.
The assets of each Trust back the shares. The Trust does not hold or employ derivatives.


CurrencyShares Process
AP delivers currency to Trustee (principal plus three days of accrued interest) which, in exchange, provides for the delivery
of capital shares of the Trust to the AP’s DTC account
Depository account is comprised of two separate accounts: one for principal and the other for interest in order for the
grantor trust to remain an entirely passive structure
At month end, total accrued interest is withdrawn from the interest account, trust expenses are satisfied and any interest in
excess of the amount required to cover Trust expenses is distributed on a pro-rata basis to shareholders
All accounting takes place in native currency to nullify the FX impact


CurrencyShares®
¹
Partial year returns are cumulative, not
annualized. Performance results are short-term
and may not provide an adequate basis for
evaluating the performance potential of the fund
over varying market conditions or economic
cycles.
Performance displayed represents past
performance, which is no guarantee of
future results. Investment returns and
principal value will fluctuate so that when
shares are redeemed, they may be worth
more or less than original cost. Total returns
reflect the reinvestment of all dividends.
Current performance may be lower or higher
than the performance data quoted. For up-
to-date performance, including performance
current to the most recent month-end, visit
our web site at www.currencyshares.com.
The NAV and Market Close Performance may
differ. A major reason for the difference is that
timing discrepancies can exist between the NAV,
which is calculated using the WM/Reuters Closing
Spot Rate, and Market Close, which is calculated
using Closing Price (last trade). The WM/Reuters
Closing Spot Rate is the exchange rate of the U.S.
dollar and the applicable foreign currency as
determined by WM/Reuters as of 4:00 PM London
Time. Prior to 11/13/2008 NAV for each
CurrencyShares Trust except the
CurrecyShares Russian Ruble Trust, was
calculated using the Noon Buying Rate, as
determined by the Federal Reserve Bank of
New York. For additional information please see
each trust's prospectus.
Performance (as of 6/30/2011)


CurrencyShares®
are subject to a number of risks and may not be suitable for all investors. 
The value of the shares of each CurrencyShares Trust relates directly to the value of the foreign currency held by the
particular Trust. This creates a concentration risk associated with fluctuations in the price of the applicable foreign
currency. Accordingly, a decline in the price of that currency will have an adverse effect on the value of the shares of
the particular CurrencyShares Trust. Factors that may have the effect of causing a decline in the price of a foreign
currency include national debt levels and trade deficits, domestic and foreign interest rates, investment and trading
activities of institutions and global or regional political, economic or financial events and situations.
Shares of each CurrencyShares Trust can be bought and sold through a broker; as such, investors may be required to
pay brokerage commissions in connection with a purchase or sale.
There can be no assurance that an active trading market for the shares will develop or be maintained.
The risks associated with each of the CurrencyShares Trusts are not identical because of differences in the economies
underlying each CurrencyShares Trust, as well as other considerations.
Read the prospectus for more complete information on each risk.
CurrencyShares
®
Risks


U.S.
Dollar
Index
Indicates
the
general
international
value
of
the
U.S.
Dollar.
The
USDX
does
this
by
averaging
the
exchange
rates
between the U.S. dollar and six major world currencies: the euro, yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
S&P 500 -
An unmanaged capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy
through changes in the aggregate market value of 500 stocks representing all major industries.
Barclays
Capital
U.S.
Aggregate
Bond
Index
(Bonds)
An
unmanaged
index
composed
of
securities
from
the
Barclays
Capital/Corporate Bond Index, Mortgage-Backed Securities Index and the Asset-Backed Securities Index. Total return comprises price
appreciation/depreciation and income as a percentage of the original investment. Indices are rebalanced monthly by market capitalization.
Correlation.
This
is
a
measurement
of
how
closely
the
performance
of
two
assets
match
each
other
-
the
measure
of
correlation
ranges
from positive one (1) to negative one (-1). For example:
If the value of two assets always moves in the same direction, they are said to be "highly correlated," and they have a correlation of
positive one (1).
If
their
values
always
move
in
opposite
directions,
they
are
said
to
have
a
"negative
correlation"
or
"inverse
correlation,"
and
have
a
correlation of negative one (-1).
If there is no consistent mathematical relationship between the value of the two assets, then the correlation coefficient is 0.
Important Disclosure


Important Disclosure
The CurrencyShares Trusts are not an investment companies registered under the Investment Company
Act of 1940 or a commodity pools for purposes of the Commodity Exchange Act.
Each
of
the
CurrencyShares
®
Australian
Dollar
Trust,
CurrencyShares
®
British
Pound
Sterling
Trust,
CurrencyShares
®
Canadian
Dollar
Trust,
CurrencyShares
®
Chinese
Renminbi
Trust,
CurrencyShares
®
Euro
Trust,
CurrencyShares
®
Japanese
Yen
Trust,
CurrencyShares
®
Mexican
Peso
Trust,
CurrencyShares
®
Russian
Ruble
Trust,
CurrencyShares
®
Swedish
Krona
Trust
and
CurrencyShares
®
Swiss
Franc Trust (each a “Trust”
and collectively, the “Trusts”) has filed a registration statement
(including
a
prospectus)
with
the
SEC
for
the
offerings
to
which
this
communication
relates.
Before you invest in the shares of a Trust, you should read the prospectus in the registration statement and
other documents the Trust has filed with the SEC for more complete information about the Trust and its
offering.
This
information
must
be
accompanied
by
a
current
CurrencyShares
®
Chinese
Renminbi
Trust,
CurrencyShares
®
Mexican
Peso
Trust,
CurrencyShares
®
Russian
Ruble
Trust
and
CurrencyShares
®
Swedish
Krona
Trust
prospectus.
For
the
remaining
CurrencyShares
Trusts,
you
may
get
these
documents
for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Trusts and any offering
participant
will
arrange
to
send
you
any
Trust
prospectus
if
you
request
it
by
calling
toll-free
800.820.0888.
The
prospectus
for
each
Trust
is
also
available
by
accessing
the
issuer’s
web
site
at
www.currencyshares.com.
CurrencyShares
®
is a registered trademark of Rydex Holdings, LLC. Rydex Specialized Products, LLC, d/b/a Rydex|SGI, is
the sponsor of each of the CurrencyShares Trusts.
Rydex Distributors, Inc., an affiliate of Rydex|SGI, is the distributor of each of the CurrencyShares Trusts and
Rydex|SGI Funds.
Contact us: 800.820.0888
or visit www.currencyshares.com