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Trending ETFs

Name

As of 04/19/2024

Price

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

$31.09

$4.47 M

4.49%

$1.38

1.76%

Vitals

YTD Return

11.9%

1 yr return

10.7%

3 Yr Avg Return

15.0%

5 Yr Avg Return

6.1%

Net Assets

$4.47 M

Holdings in Top 10

96.0%

52 WEEK LOW AND HIGH

$30.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.76%

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 04/19/2024

Price

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

$31.09

$4.47 M

4.49%

$1.38

1.76%

RYMEX - Profile

Distributions

  • YTD Total Return 11.9%
  • 3 Yr Annualized Total Return 15.0%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.43%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Commodities Strategy Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    May 25, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael 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 fixedincome 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 11.9% -28.4% 27.8% 24.06%
1 Yr 10.7% -48.3% 31.5% 25.56%
3 Yr 15.0%* -28.8% 299.7% 18.32%
5 Yr 6.1%* -30.2% 133.3% 81.10%
10 Yr -4.3%* -28.6% 45.2% 84.52%

* Annualized

Return Ranking - Calendar

Period RYMEX Return Category Return Low Category Return High Rank in Category (%)
2023 -10.7% -64.0% 30.1% 63.16%
2022 5.2% -42.3% 2475.6% 25.00%
2021 34.9% -23.3% 106.7% 14.50%
2020 -64.1% -71.9% 295.5% 98.44%
2019 14.6% -31.8% 53.9% 22.05%

Total Return Ranking - Trailing

Period RYMEX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.9% -28.4% 27.8% 24.06%
1 Yr 10.7% -48.3% 31.5% 25.56%
3 Yr 15.0%* -28.8% 299.7% 18.32%
5 Yr 6.1%* -30.2% 133.3% 81.10%
10 Yr -4.3%* -28.6% 45.2% 84.52%

* Annualized

Total Return Ranking - Calendar

Period RYMEX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.2% -64.0% 41.1% 53.38%
2022 23.5% -15.1% 5648.8% 12.12%
2021 39.1% -23.3% 188.1% 16.03%
2020 -23.6% -67.8% 296.1% 92.19%
2019 15.5% -31.8% 53.9% 30.71%

NAV & Total Return History


RYMEX - Holdings

Concentration Analysis

RYMEX Category Low Category High RYMEX % Rank
Net Assets 4.47 M 2.34 M 54.2 B 99.39%
Number of Holdings 6 1 926 88.24%
Net Assets in Top 10 4.25 M 2.66 M 63.2 B 96.32%
Weighting of Top 10 96.02% 23.0% 143.4% 32.82%

Top 10 Holdings

  1. Guggenheim Ultra Short Duration Fund - Institutional Class 31.53%
  2. Guggenheim Strategy Fund II 31.28%
  3. J.P. Morgan Securities LLC 14.81%
  4. BofA Securities, Inc. 11.94%
  5. U.S. Treasury Bills 4.51%
  6. Goldman Sachs Commodity Index Futures Contracts 1.94%

Asset Allocation

Weighting Return Low Return High RYMEX % Rank
Stocks
62.82% 0.00% 62.82% 2.21%
Other
28.69% -47.59% 100.00% 32.84%
Bonds
4.51% 0.00% 120.99% 73.53%
Cash
3.98% 0.00% 100.26% 76.12%
Convertible Bonds
0.05% 0.00% 3.89% 31.58%
Preferred Stocks
0.00% 0.00% 0.07% 88.81%

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
62.82% 0.00% 62.82% 2.24%
Non US
0.00% 0.00% 30.58% 91.79%

Bond Sector Breakdown

Weighting Return Low Return High RYMEX % Rank
Government
9.63% 0.00% 100.00% 79.17%
Derivative
1.94% -3.42% 99.82% 17.36%
Corporate
1.53% 0.00% 42.72% 38.33%
Securitized
1.37% 0.00% 36.61% 32.50%
Cash & Equivalents
0.00% 0.00% 100.26% 100.00%
Municipal
0.00% 0.00% 1.45% 90.00%

Bond Geographic Breakdown

Weighting Return Low Return High RYMEX % Rank
US
4.51% 0.00% 106.15% 74.63%
Non US
0.00% 0.00% 21.42% 88.81%

RYMEX - Expenses

Operational Fees

RYMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.76% 0.21% 4.07% 21.50%
Management Fee 0.88% 0.00% 1.75% 83.64%
12b-1 Fee 0.25% 0.00% 1.00% 66.13%
Administrative Fee 0.25% 0.02% 0.45% 70.00%

Sales Fees

RYMEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 4.50% 5.75% 92.86%
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% 44.79%

RYMEX - Distributions

Dividend Yield Analysis

RYMEX Category Low Category High RYMEX % Rank
Dividend Yield 4.49% 0.00% 20.72% 13.94%

Dividend Distribution Analysis

RYMEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Annually

Net Income Ratio Analysis

RYMEX Category Low Category High RYMEX % Rank
Net Income Ratio -1.43% -55.71% 52.26% 87.22%

Capital Gain Distribution Analysis

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

Distributions History

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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 5.84 11.51