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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$43.98

$72 M

0.71%

$0.31

1.81%

Vitals

YTD Return

13.5%

1 yr return

-9.8%

3 Yr Avg Return

-37.4%

5 Yr Avg Return

-30.1%

Net Assets

$72 M

Holdings in Top 10

92.9%

52 WEEK LOW AND HIGH

$43.9
$38.27
$58.95

Expenses

OPERATING FEES

Expense Ratio 1.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 78.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Trading--Inverse Equity


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$43.98

$72 M

0.71%

$0.31

1.81%

RYTPX - Profile

Distributions

  • YTD Total Return 13.5%
  • 3 Yr Annualized Total Return -37.4%
  • 5 Yr Annualized Total Return -30.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.55%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rydex Inverse S&P 500 2x Strategy Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    May 19, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Byrum

Fund Description

The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The fund is non-diversified.


RYTPX - Performance

Return Ranking - Trailing

Period RYTPX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% -52.2% 628.8% 36.11%
1 Yr -9.8% -91.9% 140.3% 80.00%
3 Yr -37.4%* -87.9% -2.7% 65.19%
5 Yr -30.1%* -73.9% -2.2% 71.32%
10 Yr -29.6%* -68.6% -7.9% 64.46%

* Annualized

Return Ranking - Calendar

Period RYTPX Return Category Return Low Category Return High Rank in Category (%)
2021 -43.4% -80.9% 713.9% 89.05%
2020 149.8% -100.0% 724.7% 11.59%
2019 -42.0% -80.5% 216.6% 78.36%
2018 4.4% -22.1% 1024.3% 59.23%
2017 -32.5% -75.7% 177.4% 61.11%

Total Return Ranking - Trailing

Period RYTPX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% -75.6% 2047.4% 52.78%
1 Yr -9.8% -91.9% 140.3% 78.57%
3 Yr -37.4%* -87.9% -2.7% 64.44%
5 Yr -30.1%* -73.9% -2.2% 71.32%
10 Yr -29.6%* -68.6% -7.9% 64.46%

* Annualized

Total Return Ranking - Calendar

Period RYTPX Return Category Return Low Category Return High Rank in Category (%)
2021 -43.4% -80.9% 713.9% 89.05%
2020 149.8% -100.0% 724.7% 10.87%
2019 -42.0% -80.5% 216.6% 78.36%
2018 4.4% -22.1% 1024.3% 59.23%
2017 -32.5% -75.7% 177.4% 61.11%

NAV & Total Return History


RYTPX - Holdings

Concentration Analysis

RYTPX Category Low Category High RYTPX % Rank
Net Assets 72 M 304 K 2.47 B 32.41%
Number of Holdings 15 2 602 34.48%
Net Assets in Top 10 13.5 M -7.43 B 447 M 28.28%
Weighting of Top 10 92.89% 7.7% 100.0% 29.41%

Top 10 Holdings

  1. Federal Home Loan Banks 0.17% 32.22%
  2. Federal Home Loan Banks 0.37% 25.76%
  3. Federal National Mortgage Association 0.27% 20.72%
  4. United States Treasury Bills 0.09% 17.19%
  5. Federal Home Loan Mortgage Corporation 1.12% 12.93%
  6. Federal Farm Credit Banks 0.243% 11.46%
  7. Federal Farm Credit Banks 0.751% 9.67%
  8. United States Treasury Bills 9.66%
  9. Federal Farm Credit Banks 0.28% 8.86%
  10. Federal Farm Credit Banks 0.45% 7.77%

Asset Allocation

Weighting Return Low Return High RYTPX % Rank
Cash
123.95% -114.39% 361.39% 44.14%
Bonds
6.44% -95.77% 114.58% 28.28%
Preferred Stocks
0.00% 0.00% 0.00% 87.59%
Convertible Bonds
0.00% 0.00% 2.47% 89.66%
Stocks
-0.37% -300.04% 200.58% 41.38%
Other
-30.03% -207.14% 100.00% 93.79%

Bond Sector Breakdown

Weighting Return Low Return High RYTPX % Rank
Cash & Equivalents
95.06% 0.93% 100.00% 71.01%
Government
4.94% 0.00% 99.07% 22.46%
Derivative
0.00% 0.00% 7.39% 87.68%
Securitized
0.00% 0.00% 15.54% 89.13%
Corporate
0.00% 0.00% 8.61% 89.13%
Municipal
0.00% 0.00% 0.06% 87.68%

Bond Geographic Breakdown

Weighting Return Low Return High RYTPX % Rank
US
6.44% -95.77% 114.58% 28.28%
Non US
0.00% 0.00% 28.36% 89.66%

RYTPX - Expenses

Operational Fees

RYTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.81% 0.49% 5.20% 28.17%
Management Fee 0.90% 0.35% 1.50% 82.88%
12b-1 Fee 0.25% 0.00% 1.00% 66.28%
Administrative Fee 0.25% 0.03% 0.45% 70.00%

Sales Fees

RYTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RYTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

RYTPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 0.00% 459.00% 73.44%

RYTPX - Distributions

Dividend Yield Analysis

RYTPX Category Low Category High RYTPX % Rank
Dividend Yield 0.71% 0.00% 3.66% 87.67%

Dividend Distribution Analysis

RYTPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

RYTPX Category Low Category High RYTPX % Rank
Net Income Ratio -1.55% -7.24% 3.75% 53.97%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RYTPX - Fund Manager Analysis

Managers

Michael Byrum


Start Date

Tenure

Tenure Rank

May 19, 2000

22.05

22.1%

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
0.16 23.76 9.17 14.22