Rydex S&P 500 Pure Growth ETF (RPG)

The Rydex S&P 500 Pure Growth ETF (RPG) started trading in March 2006. It tracks the S&P 500/Citigroup Pure Growth Index, minus expenses and fees. The ETF uses a replication approach to track the index. It attempts to own all the index's components.

The S&P 500/Citigroup Growth Index selects stocks from the S&P 500 based on their 5-year earnings per share growth, 5-year sales per share growth, and 5-year internal growth. It rebalances annually.

As of late July 2008, the ETF had the following sector breakdown:

Consumer cyclical 17.94%
Energy 13.52%
Financials 8.53%
Health care 18.75%
Information technology 18.17%
Other (basic materials, consumer staples, utilities, cash) 23.09%


The ETF is passively managed, with an expense ratio of 0.35%. The fund's most recent annual turnover rate was 24%.

Although this is subject to change, the ETF pays a quarterly dividend in March, June, September and December. The dividend is irregular, and past distributions have ranged from $0.026238 a share to $0.083544 a share.

The Rydex S&P 500 Pure Growth ETF held 151 stocks and a small amount of cash as of late July 2008. Its holdings are listed below.