Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.8%
1 yr return
-2.5%
3 Yr Avg Return
5.8%
5 Yr Avg Return
6.1%
Net Assets
$4.44 M
Holdings in Top 10
95.4%
52 WEEK LOW AND HIGH
$29.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.80%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RYMEX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.43%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameCommodities Strategy Fund
-
Fund Family NameGuggenheim
-
Inception DateMay 25, 2005
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Byrum
Fund Description
The Fund seeks exposure to the performance of the commodities markets. The Fund will seek to gain exposure to the underlying index, a composite index of commodity sector returns, representing an unleveraged long-only investment in commodity futures that is broadly diversified across the spectrum of commodities, by investing in exchange-traded products, including investment companies and commodity pools, that provide exposure to the commodities markets and in commodity-linked derivative instruments, which primarily consist of swap agreements, commodity options, and futures and options on futures. While the Fund may write (sell) and purchase swaps, it expects primarily to purchase swaps. Investing in derivative instruments enables the Fund to pursue its objective without investing directly in physical commodities. Certain of the Fund’s derivatives investments may be traded in the over-the-counter (“OTC”) market. Investments in derivative instruments, such as futures, options, and forward contracts and swap agreements, have the economic effect of creating financial leverage in the Fund’s portfolio because such investments may give rise to losses that exceed the amount the Fund has invested in those instruments. Financial leverage will magnify, sometimes significantly, the Fund’s exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Fund’s portfolio. The value of the Fund’s portfolio is likely to experience greater volatility over short-term periods. While such financial leverage has the potential to produce greater gains, it also may result in greater losses, which in some cases may cause the Fund to liquidate other portfolio investments at a loss to comply with limits on leverage imposed by the Investment Company Act of 1940 (the “1940 Act”), satisfy margin or collateral requirements, or meet redemption requests. The Fund’s use of derivatives and the leveraged investment exposure created by the use of derivatives are expected to be significant. To the extent the underlying index is concentrated in a particular industry the Fund will necessarily be concentrated in that industry. It is anticipated that the Fund’s investment exposure will tend to be heavily weighted toward oil and other energy-related commodities and agricultural commodities. On a day-to-day basis, the Fund may hold U.S. government securities or cash equivalents to collateralize its derivatives positions. The Fund also may enter into repurchase agreements with counterparties that are deemed to present acceptable credit risks.The Fund may invest a portion of its assets, and at times, a substantial portion of its assets, in other short-term fixed income investment companies advised by the Advisor, or an affiliate of the Advisor, for various purposes, including for liquidity management purposes (e.g., to increase yield on liquid investments used to collateralize derivatives positions) or when such investment companies present a more cost-effective investment option than direct investments in the underlying securities. Investments in these investment companies will significantly increase the portfolio’s exposure to certain other asset categories, including: (i) a broad range of high yield, high risk debt securities rated below the top four long-term rating categories by a nationally recognized statistical rating organization or, if unrated, determined by the Advisor to be of comparable quality (also known as “junk bonds”); (ii) securities issued by the U.S. government or its agencies and instrumentalities; (iii) collateralized loan obligations (“CLOs”), other asset-backed securities (including mortgage-backed securities) and similarly structured debt investments; and (iv) other short-term fixed income securities. Such investments will expose the Fund to the risks of these asset categories and increases or decreases in the value of these investments may cause the Fund to deviate from its investment objective.The Fund also may invest up to 25% of its total assets in a wholly-owned and controlled Cayman Islands subsidiary (the “Subsidiary”) as measured at the end of every quarter of the Fund's taxable year. The Subsidiary is advised by the Advisor, and has the same investment objective as the Fund. Unlike the Fund, however, the Subsidiary may invest to a greater extent in commodity-linked derivative instruments. The Subsidiary’s investments in such instruments are subject to limits on leverage imposed by the 1940 Act. The Fund’s investment in the Subsidiary is expected to provide the Fund with an effective means of obtaining exposure (long or short) to the investment returns of global commodities markets.In an effort to ensure that the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. The Fund invests, to a significant extent, in companies or commodity-linked derivatives concentrated in the same economic sector. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
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RYMEX - Performance
Return Ranking - Trailing
| Period | RYMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -38.5% | 35.8% | 40.31% |
| 1 Yr | -2.5% | -57.0% | 39.4% | 81.40% |
| 3 Yr | 5.8%* | -45.3% | 275.6% | 30.71% |
| 5 Yr | 6.1%* | -32.5% | 132.4% | 76.61% |
| 10 Yr | -2.9%* | -28.3% | 47.3% | 86.52% |
* Annualized
Return Ranking - Calendar
| Period | RYMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -10.7% | -64.0% | 30.1% | 64.34% |
| 2022 | 5.2% | -40.8% | 2475.6% | 24.22% |
| 2021 | 34.9% | -23.3% | 106.7% | 14.96% |
| 2020 | -64.1% | -71.9% | 295.5% | 98.39% |
| 2019 | 14.6% | -31.8% | 53.9% | 22.76% |
Total Return Ranking - Trailing
| Period | RYMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -38.5% | 35.8% | 40.31% |
| 1 Yr | -2.5% | -57.0% | 39.4% | 81.40% |
| 3 Yr | 5.8%* | -45.3% | 275.6% | 30.71% |
| 5 Yr | 6.1%* | -32.5% | 132.4% | 76.61% |
| 10 Yr | -2.9%* | -28.3% | 47.3% | 86.52% |
* Annualized
Total Return Ranking - Calendar
| Period | RYMEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.2% | -64.0% | 41.1% | 54.26% |
| 2022 | 23.5% | -15.1% | 5648.8% | 12.50% |
| 2021 | 39.1% | -23.3% | 188.1% | 16.54% |
| 2020 | -23.6% | -67.8% | 296.1% | 91.94% |
| 2019 | 15.5% | -31.8% | 53.9% | 30.89% |
NAV & Total Return History
RYMEX - Holdings
Concentration Analysis
| RYMEX | Category Low | Category High | RYMEX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.44 M | 2.34 M | 62.8 B | 99.37% |
| Number of Holdings | 6 | 1 | 1009 | 88.37% |
| Net Assets in Top 10 | 9.64 M | 2.66 M | 63.2 B | 96.12% |
| Weighting of Top 10 | 95.43% | 17.2% | 169.5% | 34.40% |
Top 10 Holdings
- J.P. Morgan Securities LLC 41.09%
- BofA Securities, Inc. 32.40%
- Guggenheim Ultra Short Duration Fund - Institutional Class 9.96%
- Guggenheim Strategy Fund II 9.82%
- U.S. Treasury Bills 1.98%
- Goldman Sachs Commodity Index Futures Contracts 0.19%
Asset Allocation
| Weighting | Return Low | Return High | RYMEX % Rank | |
|---|---|---|---|---|
| Other | 73.68% | -7.17% | 100.19% | 16.54% |
| Stocks | 19.78% | 0.00% | 49.72% | 10.85% |
| Cash | 4.57% | 0.00% | 101.92% | 79.53% |
| Bonds | 1.98% | 0.00% | 127.91% | 72.87% |
| Convertible Bonds | 0.05% | 0.00% | 3.89% | 30.95% |
| Preferred Stocks | 0.00% | 0.00% | 0.08% | 85.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RYMEX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 27.00% | 50.00% |
| Technology | 0.00% | 0.00% | 2.77% | 18.75% |
| Real Estate | 0.00% | 0.00% | 13.82% | 18.75% |
| Industrials | 0.00% | 0.00% | 23.28% | 43.75% |
| Healthcare | 0.00% | 0.00% | 1.73% | 31.25% |
| Financial Services | 0.00% | 0.00% | 13.67% | 25.00% |
| Energy | 0.00% | 0.00% | 33.64% | 81.25% |
| Communication Services | 0.00% | 0.00% | 100.00% | 18.75% |
| Consumer Defense | 0.00% | 0.00% | 12.04% | 68.75% |
| Consumer Cyclical | 0.00% | 0.00% | 3.41% | 18.75% |
| Basic Materials | 0.00% | 0.00% | 47.41% | 68.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RYMEX % Rank | |
|---|---|---|---|---|
| US | 19.78% | 0.00% | 32.22% | 11.02% |
| Non US | 0.00% | 0.00% | 28.52% | 88.19% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RYMEX % Rank | |
|---|---|---|---|---|
| Government | 9.63% | 0.00% | 100.00% | 79.65% |
| Corporate | 1.53% | 0.00% | 42.72% | 38.05% |
| Securitized | 1.37% | 0.00% | 19.62% | 31.86% |
| Derivative | 0.19% | -7.17% | 100.19% | 23.68% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 99.12% |
| Municipal | 0.00% | 0.00% | 1.45% | 84.07% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RYMEX % Rank | |
|---|---|---|---|---|
| US | 1.98% | 0.00% | 116.12% | 74.02% |
| Non US | 0.00% | 0.00% | 12.98% | 85.04% |
RYMEX - Expenses
Operational Fees
| RYMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.80% | 0.21% | 5.23% | 20.00% |
| Management Fee | 0.88% | 0.00% | 1.75% | 84.81% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 64.91% |
| Administrative Fee | 0.25% | 0.05% | 0.45% | 67.86% |
Sales Fees
| RYMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.75% | 4.50% | 5.75% | 92.31% |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RYMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RYMEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 162.00% | 47.19% |
RYMEX - Distributions
Dividend Yield Analysis
| RYMEX | Category Low | Category High | RYMEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.81% | 0.00% | 19.94% | 12.66% |
Dividend Distribution Analysis
| RYMEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| RYMEX | Category Low | Category High | RYMEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.43% | -55.71% | 52.26% | 88.89% |
Capital Gain Distribution Analysis
| RYMEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $1.385 | OrdinaryDividend |
| Dec 14, 2022 | $5.336 | OrdinaryDividend |
| Dec 14, 2021 | $0.878 | OrdinaryDividend |
| Dec 15, 2020 | $24.013 | OrdinaryDividend |
| Dec 12, 2019 | $0.453 | OrdinaryDividend |
| Dec 13, 2018 | $23.563 | OrdinaryDividend |
| Dec 13, 2017 | $1.319 | OrdinaryDividend |
| Dec 07, 2012 | $4.888 | OrdinaryDividend |
| Dec 12, 2011 | $6.328 | OrdinaryDividend |
| Dec 18, 2009 | $1.290 | OrdinaryDividend |
| Dec 04, 2008 | $8.448 | OrdinaryDividend |
| Sep 07, 2007 | $2.661 | OrdinaryDividend |
RYMEX - Fund Manager Analysis
Managers
Michael Byrum
Start Date
Tenure
Tenure Rank
May 25, 2005
17.03
17.0%
Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors， Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.
Ryan Harder
Start Date
Tenure
Tenure Rank
Mar 14, 2008
14.22
14.2%
Ryan A. Harder, CFA, Managing Director and Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 17.03 | 6.11 | 11.51 |