RYURX: Rydex Inverse S&P 500® Strategy Inv

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RYURX Rydex Inverse S&P 500® Strategy Inv


Profile

RYURX - Profile

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return -8.1%
  • 5 Yr Annualized Return -8.9%
  • Net Assets $105 M
  • Holdings in Top 10 85.4%

52 WEEK LOW AND HIGH

$54.78
$47.07
$66.72

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 114.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return -8.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rydex Inverse S&P 500® Strategy Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    Jan 07, 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 engaging in short sales of securities included in the underlying index and investing to a significant extent 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.


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Categories

Performance

RYURX - Performance

Return Ranking - Trailing

Period RYURX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -11.3% 128.8% 60.47%
1 Yr -1.5% -35.9% 239.2% 60.47%
3 Yr -8.1%* -35.3% 31.8% 47.62%
5 Yr -8.9%* -32.9% 10.4% 33.33%
10 Yr -12.3%* -34.8% -6.2% 30.77%

* Annualized

Return Ranking - Calendar

Period RYURX Return Category Return Low Category Return High Rank in Category (%)
2019 -23.3% -50.6% 186.0% 25.58%
2018 4.3% -10.5% 39.5% 54.76%
2017 -17.4% -58.0% -13.5% 21.43%
2016 -12.2% -62.9% -8.2% 21.43%
2015 -4.4% -28.2% 86.6% 38.10%

Total Return Ranking - Trailing

Period RYURX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -11.3% 128.8% 60.47%
1 Yr -1.5% -35.9% 239.2% 60.47%
3 Yr -8.1%* -35.3% 31.8% 47.62%
5 Yr -8.9%* -32.9% 10.4% 33.33%
10 Yr -12.3%* -34.8% -6.2% 30.77%

* Annualized

Total Return Ranking - Calendar

Period RYURX Return Category Return Low Category Return High Rank in Category (%)
2019 -23.3% -50.6% 186.0% 25.58%
2018 4.3% -10.5% 39.5% 54.76%
2017 -17.4% -58.0% -13.5% 21.43%
2016 -12.2% -62.9% -8.2% 21.43%
2015 -4.4% -28.2% 86.6% 38.10%

NAV & Total Return History


Holdings

RYURX - Holdings

Concentration Analysis

RYURX Category Low Category High RYURX % Rank
Net Assets 105 M 1.5 M 182 M 11.63%
Number of Holdings 19 5 77 11.63%
Net Assets in Top 10 38.9 M -18.5 M 38.9 M 9.30%
Weighting of Top 10 85.41% 0.1% 85.4% 10.26%

Top 10 Holdings

  1. Federal Farm Credit Banks 1.9% 17.47%
  2. Guggenheim Strategy II 15.28%
  3. Federal Farm Credit Banks 1.82% 10.92%
  4. Federal Farm Credit Banks 1.7% 10.92%
  5. Federal Farm Credit Banks 1.95% 9.85%
  6. Guggenheim Ultra Short Duration Instl 9.69%
  7. Federal Farm Credit Banks 1.94% 6.66%
  8. Federal Home Loan Mortgage Corporation 2.1% 4.37%
  9. S&P 500 Index 0.18%
  10. S&P 500 Index 0.08%

Asset Allocation

Weighting Return Low Return High RYURX % Rank
Bonds
66.23% 0.00% 66.23% 9.30%
Cash
18.63% 18.63% 327.94% 100.00%
Other
15.15% 0.00% 37.80% 16.28%
Convertible Bonds
0.06% 0.00% 0.21% 32.56%
Preferred Stocks
0.00% 0.00% 0.00% 65.12%
Stocks
-0.08% -227.94% 0.15% 93.02%

Bond Sector Breakdown

Weighting Return Low Return High RYURX % Rank
Government
72.12% 0.00% 72.12% 9.30%
Cash & Equivalents
16.08% 16.08% 100.00% 100.00%
Corporate
7.93% 0.00% 40.70% 32.56%
Securitized
3.83% 0.00% 16.92% 32.56%
Derivative
0.04% 0.00% 0.19% 32.56%
Municipal
0.00% 0.00% 0.00% 65.12%

Bond Geographic Breakdown

Weighting Return Low Return High RYURX % Rank
US
64.14% 0.00% 64.14% 9.30%
Non US
2.09% 0.00% 6.86% 32.56%

Expenses

RYURX - Expenses

Operational Fees

RYURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 1.52% 6.49% 100.00%
Management Fee 0.90% 0.75% 1.25% 93.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.05% 0.25% 100.00%

Sales Fees

RYURX 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

RYURX 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.

RYURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 114.00% 0.00% 181.00% 80.95%

Distributions

RYURX - Distributions

Dividend Yield Analysis

RYURX Category Low Category High RYURX % Rank
Dividend Yield 0.00% 0.00% 0.84% 67.44%

Dividend Distribution Analysis

RYURX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

RYURX Category Low Category High RYURX % Rank
Net Income Ratio 0.78% -0.82% 1.08% 9.30%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RYURX - Fund Manager Analysis

Managers

Michael Byrum


Start Date

Tenure

Tenure Rank

Aug 01, 2001

18.68

18.7%

Mr. Byrum is a Senior Managing Director and Portfolio Manager of Guggenheim Investments and joined Guggenheim Investments in 1993. He has ultimate responsibility for the management of the Funds. In addition to generally overseeing all aspects of the management of several other funds in the Guggenheim Investments fund complex, Mr. Byrum reviews the activities of the portfolio managers of the Funds. During his time at Guggenheim Investments, he has played a key role in the development of the firm’s investment strategies and product offerings. As Portfolio Manager, Mr. Byrum was instrumental in the launch of several funds in the Guggenheim Investments fund complex, including the NASDAQ-100®, Precious Metals, Government Long Bond 1.2x Strategy, Inverse Government Long Bond Strategy, Inverse S&P 500 Strategy and Inverse NASDAQ-100® Strategy Funds, and helped to create the Sector Funds. He was named Vice President of Portfolio for Guggenheim Investments in 1998, and Executive Vice President in 2000. Prior to joining Guggenheim Investments, Mr. Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds, Inc. He holds a degree in finance from Miami University of Ohio and is a member of the CFA Institute and the Washington Society of Investment Analysts.

Ryan Harder


Start Date

Tenure

Tenure Rank

Mar 14, 2008

12.05

12.1%

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
0.99 21.59 7.81 6.5