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,

333-173145, 333-171714, 333-173158,

333-159961, 333-150687, 333-159964,

and  333-168006

Rydex | SGI Overview

Focused on delivering alpha and beta solutions

276 employees with 46 investment professionals

~$25.5 billion in assets under management, with $8.0

billion in Exchange Traded Products as of 03.31.11

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 SP400

Pure Style SP400

Russell Top 50

Australian Dollar

British Pound

Pure Style SP500

Pure Style SP500

SP500 2X

Canadian Dollar

Mexican Peso

Pure Style SP600

Pure Style SP600

SP500 Inv 2X

Euro

Swedish Krona

Swiss Franc

Russian Ruble

Japanese Yen

EQUAL

EW SP 500

EW Consumer Discretionary

EW MSCI ACWI

WEIGHT

EW Russell 1000

EW Consumer Staples

EW MSCI EAFE

ETFs

EW Russell MidCap

EW Energy

EW MSCI Emerging Markets

EW Russell 2000

EW Financials

EW Health Care

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 turn-over 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

•

Geo-political risk

Factors that Impact Currency

Currency Fluctuates Significantly Over Time

SOURCE:

FactSet,

based

on

Bank

of

NY

noon

buying

rates

Past performance is no guarantee of future results.

Currency performance shown is based on the Bank of NY noon buying rate and is not mean to represent the performance of the CurrencyShares Trusts.

The performance shown does not reflect fees, expenses or transaction costs.

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

(4/1/2006 through 3/31/2011)

Correlation

US Dollar

Index

S&P 500®

Index

Barclays

Capital U.S.

Aggregate

Bond Index

US Dollar Index

1.00

S&P 500®

Index

-0.56

1.00

Barclays Capital U.S. Aggregate

Bond Index

-0.41

-0.56

1.00

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% euro and 35% U.S bonds.

Potential Impact of Adding Currency to A Portfolio

Portfolio Basket Cumulative Return: 5 Years Ending 3/31/2011

-20%

-10%

0%

10%

20%

30%

60/40

International

Int. With Currency

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 nine 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 nine 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 nine currencies. 

Interest earned*, if any, accrues daily. Any interest, after trust expenses are paid; distributed

to shareholders monthly.

Nine CurrencyShares

•CurrencyShares Australian Dollar Trust

FXA

•CurrencyShares British Pound Sterling Trust

FXB

•CurrencyShares Canadian Dollar Trust

FXC

•CurrencyShares Euro Trust

FXE

•CurrencyShares Japanese Yen Trust

FXY

•CurrencyShares Mexican Peso Trust

FXM

•CurrencyShares Russian Ruble Trust

XRU

•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 JP Morgan

(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-rate basis to shareholders

•

All accounting takes place in native currency to nullify the FX impact

CurrencyShares Performance (as of 3/31/2011)

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.

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

®

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

®

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