RYCZX: Rydex Inverse Dow 2x Strategy Fund - MutualFunds.com
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Rydex Inverse Dow 2x Strategy C

RYCZX - Snapshot

Vitals

  • YTD Return -20.6%
  • 3 Yr Annualized Return -34.0%
  • 5 Yr Annualized Return -33.5%
  • Net Assets $4.52 M
  • Holdings in Top 10 58.0%

52 WEEK LOW AND HIGH

$45.14
$4.96
$76.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.62%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
    Inverse Equity
  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Inverse Equity

Compare RYCZX to Popular Inverse Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

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$11.07

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ProShares Short S&P500

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$16.14

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ProShares Short QQQ

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ProShares UltraShort S&P500

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$9.96

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ProShares UltraPro Short S&P500

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$21.09

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RYCZX - Profile

Distributions

  • YTD Total Return -20.6%
  • 3 Yr Annualized Total Return -34.0%
  • 5 Yr Annualized Total Return -33.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rydex Inverse Dow 2x Strategy Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    Feb 20, 2004
  • Shares Outstanding
    N/A
  • Share Class
    C
  • 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.

RYCZX - Performance

Return Ranking - Trailing

Period RYCZX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.6% -54.2% 777.8% 76.54%
1 Yr -64.3% -99.5% -28.2% 35.80%
3 Yr -34.0%* -80.9% -7.5% 46.67%
5 Yr -33.5%* -78.6% -8.0% 52.78%
10 Yr -29.4%* -66.5% -5.6% 50.75%

* Annualized

Return Ranking - Calendar

Period RYCZX Return Category Return Low Category Return High Rank in Category (%)
2020 719.1% -91.6% 724.7% 3.70%
2019 -36.8% -80.5% 216.6% 50.65%
2018 0.7% -22.1% 1024.3% 81.08%
2017 -39.6% -75.7% 177.4% 71.23%
2016 -29.9% -84.5% 192.8% 54.93%

Total Return Ranking - Trailing

Period RYCZX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.6% -54.2% 777.8% 76.54%
1 Yr -64.7% -99.5% -28.2% 35.80%
3 Yr -34.0%* -80.9% -7.5% 45.33%
5 Yr -33.5%* -78.6% -8.0% 51.39%
10 Yr -29.4%* -66.5% -5.6% 50.75%

* Annualized

Total Return Ranking - Calendar

Period RYCZX Return Category Return Low Category Return High Rank in Category (%)
2020 719.1% -96.0% 724.7% 3.70%
2019 -36.8% -84.0% -9.3% 40.26%
2018 0.7% -22.1% 48.3% 74.32%
2017 -39.6% -75.7% -0.1% 64.38%
2016 -29.9% -97.6% 146.1% 52.11%

NAV & Total Return History

RYCZX - Holdings

Concentration Analysis

RYCZX Category Low Category High RYCZX % Rank
Net Assets 4.52 M 199 K 1.53 B 77.11%
Number of Holdings 14 4 71 50.00%
Net Assets in Top 10 2.59 M -4.35 B 421 M 42.68%
Weighting of Top 10 58.04% 1.2% 100.0% 69.77%

Top 10 Holdings

  1. United States Treasury Bills 0.08% 21.69%
  2. United States Treasury Bills 0.09% 21.16%
  3. United States Treasury Bills 0.15% 12.49%
  4. Federal Farm Credit Banks 0.45% 10.62%
  5. Federal Farm Credit Banks 0.28% 10.59%
  6. Federal Farm Credit Banks 0.38% 8.49%
  7. Federal Farm Credit Banks 0.44% 3.82%
  8. United States Treasury Bills 0.08% 1.74%
  9. Dow Jones Industrial Average Index 1.34%
  10. Dow Jones Industrial Average Index 1.34%

Asset Allocation

Weighting Return Low Return High RYCZX % Rank
Cash 		88.76% -100.71% 400.04% 79.27%
Bonds 		33.51% 0.00% 44.22% 14.63%
Preferred Stocks 		0.00% 0.00% 0.00% 52.44%
Convertible Bonds 		0.00% 0.00% 0.00% 52.44%
Stocks 		-1.64% -300.04% 200.71% 29.27%
Other 		-20.63% -169.58% 62.27% 98.78%

Bond Sector Breakdown

Weighting Return Low Return High RYCZX % Rank
Cash & Equivalents 		72.59% 54.55% 100.00% 88.46%
Government 		27.41% 0.00% 45.45% 15.38%
Derivative 		0.00% 0.00% 0.00% 51.28%
Securitized 		0.00% 0.00% 0.00% 51.28%
Corporate 		0.00% 0.00% 0.00% 51.28%
Municipal 		0.00% 0.00% 0.00% 51.28%

Bond Geographic Breakdown

Weighting Return Low Return High RYCZX % Rank
US 		33.51% 0.00% 44.22% 14.63%
Non US 		0.00% 0.00% 0.00% 52.44%

RYCZX - Expenses

Operational Fees

RYCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.62% 0.56% 6.72% 18.42%
Management Fee 0.90% 0.35% 0.95% 89.16%
12b-1 Fee 1.00% 0.00% 1.00% 97.06%
Administrative Fee 0.25% 0.03% 0.25% 78.57%

Sales Fees

RYCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load 1.00% 1.00% 1.00% 80.00%

Trading Fees

RYCZX 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.

RYCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 78.00% 51.02%

RYCZX - Distributions

Dividend Yield Analysis

RYCZX Category Low Category High RYCZX % Rank
Dividend Yield 0.00% 0.00% 0.57% 54.22%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RYCZX Category Low Category High RYCZX % Rank
Net Income Ratio -0.66% -1.09% 1.27% 97.37%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RYCZX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

Feb 20, 2004

17.12

17.1%

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

13.05

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
0.19 20.88 6.7 7.5

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