Trade Alert - November 13, 2005

Recommended Portfolio Allocation Changes- This Week

Strong Dollar Dampens International Stocks

The performance of International stocks has deteriorated in recent weeks relative to the US stock market. Much of their weakness can be attributed to renewed strength in the US dollar. Most of our investment models have previously switched out of International ... and now the Performance Xtender model is following suit by switching into US LargeCap stocks.

The market showed excellent follow-through this past week by continuing the rally that began at the end of October. Of particular note is the strength in technology stocks and financial stocks--two key sectors that had lagged for months. Investors seemed to be cheered by additional weakness last week in the price of crude oil and a pull back in interest rates which had been rising sharply.

It also appears that the large institutional investors have finally shown up as buyers after playing it cautiously for most of the year. They are banking on the fabled "year-end rally" to turn up one more time and help them improve their performance figures before year end.

In the Performance Xtender -- This model portfolio is selling its 40% allocation in International stocks and reinvesting in US LargeCap stocks. The model is now 100% invested and allocated 40% in an OTC stock fund (tracking the Nasdaq), 40% in a LargeCap fund and 20% in a Gold stock fund. Note that if you are following this model portfolio by investing in Rydex funds, you should have had only a 30% allocation in Rydex's international fund. The remaining 10% allocation should have been in a money market fund. Your positions in both the International Fund and Money Market Fund should be liquidated now and reinvested as a 40% allocation in the Rydex LargeCap stock fund.

Recommended 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'

Recommended Changes for this week	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
SELL International	30%	RYEUX	40%	UEPIX	40%	IEV
BUY LargeCap Fund	40%	RYZAX	40%	BLPIX	40%	SPY
Corporate Bonds, or Cash	NOTE: Rydex fund investors should sell their 10% allocation in Money Market Funds to bring the RYZAX allocation up to 40%.

New Recommended Portfolio Allocations	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
LargeCap Stock Fund	40%	RYZAX	40%	BLPIX	40%	SPY
Gold Stocks Fund	20%	RYPMX	15%	PMPIX	20%	GLD
OTC Stock Fund	40%	RYOCX	40%	OTPIX	40%	QQQQ
Corporate Bonds, or Cash	Money Market Funds: ProFunds investors only should be holding a 5% allocation in Money Market.

'Max Xtender'

Recommended Changes for this week	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
No Change	-	-	-	-	-	-
Corporate Bonds, or Cash	.

New Recommended Portfolio Allocations	Rydex Funds		ProFunds		ETFs
	Allocation	Ticker	Allocation	Ticker	Allocation	Ticker
Lev'd MidCap Fund	50%	RYTNX	50%	UMPIX	100%	MDY
Unlev'd OTC Fund	50%	RYOCX	50%	OTPIX	50%	QQQQ
Corporate Bonds, or Cash	ETF Investors: Note that your MDY position should be leveraged with margin 2 to 1 . The QQQQ position is unleveraged for a total 150% invested position.