-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ACsCps+CDtpSIvy77VHYe0zU2aZdR6oZ9FQXjWvtJ1lwtm0NRiTGzoBcI8umlLSF S567F9imYq92MFWo8JBt9g== 0000088525-09-000565.txt : 20091015 0000088525-09-000565.hdr.sgml : 20091015 20091015154238 ACCESSION NUMBER: 0000088525-09-000565 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091015 DATE AS OF CHANGE: 20091015 EFFECTIVENESS DATE: 20091015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SECURITY EQUITY FUND CENTRAL INDEX KEY: 0000088525 IRS NUMBER: 486104426 STATE OF INCORPORATION: KS FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-19458 FILM NUMBER: 091121427 BUSINESS ADDRESS: STREET 1: SECURITY INVESTORS, LLC STREET 2: ONE SECURITY BENEFIT PLACE CITY: TOPEKA STATE: KS ZIP: 66636-0001 BUSINESS PHONE: 7854383127 MAIL ADDRESS: STREET 1: SECURITY INVESTORS, LLC STREET 2: ONE SECURITY BENEFIT PLACE CITY: TOPEKA STATE: KS ZIP: 66636-0001 0000088525 S000008805 EQUITY C000023958 A SECEX C000023959 B SEQBX C000023960 C SFECX 0000088525 S000008806 ALPHA OPPORTUNITY C000023961 A SAOAX C000023962 B SAOBX C000023963 C SAOCX C000071557 Institutional 0000088525 S000008807 GLOBAL C000023964 A SEQAX C000023965 B SGOBX C000023966 C SFGCX 0000088525 S000008809 MID CAP VALUE C000023970 A SEVAX C000023971 B SVSBX C000023972 C SEVSX 0000088525 S000008810 SMALL CAP GROWTH C000023973 A SSCAX C000023974 B SEPBX C000023975 C SESCX 0000088525 S000008812 SELECT 25 C000023979 A SEFAX C000023980 B SEFBX C000023981 C SSSCX 0000088525 S000022641 Small Cap Value C000065507 A SSUAX C000065508 C SSVCX C000065509 Institutional SSUIX 0000088525 S000022643 Global Institutional C000065511 Global Institutional SGOLX 0000088525 S000022644 Mid Cap Value Institutional C000065512 Mid Cap Value Institutional SVUIX 0000088525 S000024251 ALL CAP VALUE C000071554 A C000071555 C C000071556 Institutional 497 1 elm_20091016-497e.htm PROSPECTUS AND SAI SUPPLEMENT - RDI SOLE DISTRIBUTOR Prospectus and SAI Supplement
 

Security Equity Fund
Security Large Value Fund
Security Mid Cap Growth Fund
One Security Benefit Place
Topeka, Kansas 66636-0001

 

Supplement Dated October 16, 2009,
To Prospectus and Statement of Additional Information
Dated February 1, 2009

 

Effective October 16, 2009, Rydex Distributors, Inc. ("Rydex Distributors") is the sole distributor to Security Equity Fund, Security Large Cap Value Fund, and Security Mid Cap Growth Fund (the "Funds"). The Prospectus and Statement of Additional Information are therefore supplemented to replace all references to the current distributor from Security Distributors, Inc. to Rydex Distributors. Rydex Distributors is located at 9601 Blackwell Road, Suite 500, Rockville, Maryland 20850, and is an indirect wholly-owned subsidiary of Security Benefit Corporation.

The Statement of Additional Information ("SAI") is updated by adding the following paragraph to the "Distributor" section on pages 50-52:

Rydex Distributors also acts as principal underwriter for Security Income Fund. Because Rydex Distributors did not serve as a distributor to the Funds until March 16, 2009, it had not received gross underwriting commissions, net underwriting commissions, or contingent deferred sales charges on redemptions in the fiscal years ended September 30, 2008, September 30, 2007, and September 30, 2006.

The SAI is updated by adding the following paragraph immediately before the table on page 54 regarding Brokerage Commissions Paid to the Underwriter:

Because Rydex Distributors did not serve as a distributor to the Funds until March 16, 2009, it had not received brokerage commissions paid by the Funds in the fiscal years ended September 30, 2008, September 30, 2007, and September 30, 2006.

 

Please Retain This Supplement for Future Reference

 -----END PRIVACY-ENHANCED MESSAGE-----