RYGBX: Rydex Government Long Bond 1.2x Strategy Fund - MutualFunds.com
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Rydex Government Long Bd 1.2x Strat Inv

RYGBX - Snapshot

Vitals

  • YTD Return -16.2%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $59.2 M
  • Holdings in Top 10 53.2%

52 WEEK LOW AND HIGH

$39.70
$37.25
$78.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.07%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Leveraged Debt

Compare RYGBX to Popular Leveraged Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$23.89

-1.44%

$190.31 M

0.06%

$0.02

-32.01%

0.98%

$21.40

+0.08%

$76.64 M

2.85%

$0.61

0.70%

1.40%

$39.43

-0.68%

$59.24 M

0.69%

$0.27

-16.21%

1.07%

$76.07

+0.19%

$30.31 M

-

$1.95

2.64%

2.86%

$48.29

-0.96%

$22.70 M

-

$0.00

-22.06%

1.17%

RYGBX - Profile

Distributions

  • YTD Total Return -16.2%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Rydex Government Long Bond 1.2x Strategy Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Byrum

Fund Description

The fund employs as its investment strategy a program of investing in U.S. government securities and derivative instruments, which primarily consist of futures contracts, interest rate swaps, and options on securities and futures contracts. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities issued by the U.S. government (and derivatives thereof).


RYGBX - Performance

Return Ranking - Trailing

Period RYGBX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.2% -32.0% 2.6% 46.67%
1 Yr -23.4% -44.4% 28.5% 52.94%
3 Yr 7.4%* 4.2% 12.9% 58.82%
5 Yr 2.7%* 1.3% 10.2% 52.94%
10 Yr 7.4%* 4.9% 11.2% 41.67%

* Annualized

Return Ranking - Calendar

Period RYGBX Return Category Return Low Category Return High Rank in Category (%)
2020 -16.9% -34.2% 36.0% 86.67%
2019 11.9% 1.6% 33.4% 73.33%
2018 -6.7% -100.0% -0.4% 47.06%
2017 8.3% -1.3% 22.2% 47.06%
2016 -4.8% -75.6% 26.1% 87.50%

Total Return Ranking - Trailing

Period RYGBX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.2% -32.0% 2.6% 46.67%
1 Yr -23.4% -44.4% 28.5% 52.94%
3 Yr 7.4%* 4.2% 12.9% 58.82%
5 Yr 2.7%* 1.3% 10.2% 52.94%
10 Yr 7.4%* 4.9% 11.2% 41.67%

* Annualized

Total Return Ranking - Calendar

Period RYGBX Return Category Return Low Category Return High Rank in Category (%)
2020 -16.9% -17.5% 36.0% 93.33%
2019 11.9% 4.0% 33.4% 73.33%
2018 -6.7% -100.0% -0.4% 52.94%
2017 8.3% -1.3% 22.2% 47.06%
2016 -4.8% -6.0% 26.1% 93.75%

NAV & Total Return History


RYGBX - Holdings

Concentration Analysis

RYGBX Category Low Category High RYGBX % Rank
Net Assets 59.2 M 763 K 190 M 23.53%
Number of Holdings 10 4 49 28.57%
Net Assets in Top 10 37.8 M 2.73 M 189 M 57.14%
Weighting of Top 10 53.19% 21.0% 53.2% 28.57%

Top 10 Holdings

  1. United States Treasury Bonds 1.38% 53.31%
  2. United States Treasury Bonds 1.25% 49.13%
  3. United States Treasury Bonds 1.62% 39.14%
  4. Guggenheim Ultra Short Duration Instl 6.01%
  5. Guggenheim Strategy II 5.93%
  6. Guggenheim Strategy II 5.93%
  7. Guggenheim Strategy II 5.93%
  8. Guggenheim Strategy II 5.93%
  9. Guggenheim Strategy II 5.93%
  10. Guggenheim Strategy II 5.93%

Asset Allocation

Weighting Return Low Return High RYGBX % Rank
Other
44.77% 0.00% 164.77% 21.43%
Bonds
43.63% 0.00% 84.51% 42.86%
Cash
11.54% -104.91% 86.42% 50.00%
Convertible Bonds
0.06% 0.00% 13.46% 35.71%
Preferred Stocks
0.00% 0.00% 0.03% 35.71%
Stocks
-0.01% -17.30% 199.94% 71.43%

Bond Sector Breakdown

Weighting Return Low Return High RYGBX % Rank
Government
71.92% 0.00% 74.30% 21.43%
Cash & Equivalents
20.30% 20.30% 100.00% 85.71%
Securitized
4.15% 0.00% 4.15% 14.29%
Corporate
3.38% 0.00% 77.27% 35.71%
Municipal
0.20% 0.00% 0.20% 14.29%
Derivative
0.05% 0.00% 0.05% 14.29%

Bond Geographic Breakdown

Weighting Return Low Return High RYGBX % Rank
US
42.72% 0.00% 76.12% 50.00%
Non US
0.91% 0.00% 10.98% 21.43%

RYGBX - Expenses

Operational Fees

RYGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.98% 2.86% 92.86%
Management Fee 0.50% 0.50% 0.75% 11.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.05% 0.20% 100.00%

Sales Fees

RYGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RYGBX 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.

RYGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 392.00% 99.03%

RYGBX - Distributions

Dividend Yield Analysis

RYGBX Category Low Category High RYGBX % Rank
Dividend Yield 0.00% 0.00% 0.30% 35.29%

Dividend Distribution Analysis

RYGBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

RYGBX Category Low Category High RYGBX % Rank
Net Income Ratio 1.28% -0.91% 4.39% 21.43%

Capital Gain Distribution Analysis

RYGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

RYGBX - Fund Manager Analysis

Managers

Michael Byrum


Start Date

Tenure

Tenure Rank

Jan 03, 1994

27.34

27.3%

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

13.14

13.1%

Ryan A. Harder, CFA, 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
2.07 27.34 10.97 2.07