Rydex Dynamic Funds

01/08/2024 | Press release | Distributed by Public on 01/08/2024 17:03

Prospectus Certification by Investment Company - Form 497J

Rydex Dynamic Funds

Laura E. Flores

Partner

+1.202.373.6101

[email protected]

VIA EDGAR

August 1, 2024

 U.S. Securities and Exchange Commission

 100 F Street, N.E.

 Washington, D.C. 20549

Re:

Rydex Dynamic Funds (File No. 333-84797)

Filing Pursuant to Rule 497(j)

Ladies and Gentlemen:

On behalf of our client, Rydex Dynamic Funds (the "Trust"), we are filing, pursuant to Rule 497(j) under the Securities Act of 1933, this letter certifying that the forms of Prospectuses and Statement of Additional Information, each dated August 1, 2024, that would have been filed pursuant to Rule 497(c) would not have differed from that contained in the Trust's Post-Effective Amendment No. 51. Post-Effective Amendment No. 51 was filed with the U.S. Securities and Exchange Commission via EDGAR (Accession No. 0001193125-24-187383) on July 29, 2024.

Please do not hesitate to contact me at 202.373.6101 with any questions.

Sincerely,

/s/ Laura E. Flores

Laura E. Flores

DB3/ 204832490.1

Morgan, Lewis & Bockius LLP

1111 Pennsylvania Avenue, NW

Washington, DC  20004

United States

+1.202.739.3000

+1.202.739.3001