Trade Alert - April 9, 2006

Model Portfolio Allocation Changes- This Week

Models Dial Back Risk Again ...

The market traded sideways this past week and managed to keep the bullish trend in prices intact. However, beneath the surface, the balance between the supply and demand for stocks continued to deteriorate. These negative technical trends were enough to trigger our model portfolios to dial back the level of risk in their portfolio mix.

In the Performance Xtender : This model is reducing risk through an outright sale of its previous 40% allocation in a SmallCap stock fund. The proceeds of this sale are being left in a money market fund.

In the Max Extender: This model is reducing risk by shifting out of SmallCap stocks which are more volatile. The portfolio is selling the leveraged SmallCap fund and reinvesting the proceeds into a leveraged LargeCap fund. The portfolio is maintaining its current 1.5-times leverage factor.

New Model Portfolio Allocations

Model Portfolio Details

The tables below provide the percentage allocation details and mutual fund ticker symbols for investors following the Model Portfolios by using funds from either of the Rydex Investments or ProFunds mutual fund companies -- or alternatively, investors using exchange traded funds (ETFs).

'Performance Xtender'

(A model portfolio that invests selectively in stock market index funds, plus certain market sectors such as Energy, Gold and Real Estate, and in an Inverse Fund ("Bear Fund"), depending on current market trends for each type of investment. The allocation mix is designed to beat the market significantly during both bull and bear markets with only limited risk of volatility.)

Model Portfolio Changes for this week	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
SELL SmallCap Fund	40%	RYAZX	40%	SLPIX	40%	IWM
Corporate Bonds, or Money Market	Sale proceeds should be invested in Money Market funds.

New Model Portfolio Allocations	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
LargeCap Stock Fund	40%	RYZAX	40%	BLPIX	40%	SPY
Gold Stock Fund	20%	RYPMX	15%	PMPIX	20%	GLD
Corporate Bonds, or Money Market	Money Market Funds: 40% ... ProFunds investors only should be holding a 45% allocation in Money Market.

'Max Xtender'

(A model portfolio that invests selectively in stock market index funds and in an Inverse Fund ("Bear Fund"), depending on current market trends for each type of investment. During strong market trends ... either bullish or bearish ... the model uses up to 2-to-1 leverage to magnify returns. The allocation mix is designed to beat the market substantially during both bull and bear markets but with a relatively high risk of volatility.)

Model Portfolio Changes for this week	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
SELL Lev'd SmallCap	-	-	50%	UAPIX	100%	IWM
.	-	-	50%	ULPIX	100%	SPY
Corporate Bonds, or Money Market	NOTE: Rydex investors need not trade because we have already substituted RYTNX, a leveraged LargeCap fund.

New Model Portfolio Allocations	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
Lev'd LargeCap Fund	50%	RYTNX	50%	ULPIX	150%	SPY
UnLev'd LargeCaps	50%	RYZAX	50%	BLPIX	-	-
Corporate Bonds, or Money Market	ETF Investors: Note that the SPY position is margined 1.5 to 1.