Rydex|SGI rolled out Monday, July 12, four more alternative investment mutual funds, giving the Rockville, Maryland-based firm a total of 12 such mutual funds to go along with nine Rydex alternative-strategy ETFs.

The new funds are:

? Rydex|SGI Event Driven and Distressed Strategies Fund (RYDSX), which the company said in its announcement aims to exploit pricing inefficiencies that may occur due to corporate mergers, acquisitions, bankrupticies, or financial restructurings.

? Rydex|SGI Long Short Interest Rate Strategy Fund (RYBUX), which is meant to take advantage of short-term movements in U.S. Treasury prices.

? Rydex|SGI Long Short Equity Fund (RYJLX), designed to capture returns on both rising and falling equity movements.

? Rydex|SGI Alternative Strategies Fund (RYETX), which is designed to provide exposure to a benchmark that corresponds to the performance of a broad range of hedge fund alternatives.

Rydex reports that it has about $5.3 billion in alternative assets under management, representing 25% of the firm’s total AUM. Its Managed Futures Strategy mutual fund (RYMFX) has attracted $2.3 billion in assets since inception. Rydex is part of SGI|Security Global Investors, which has $21 billion in assets.