Rydex Europe Advantage Fund Class A (RYAEX)

98.32
Net Asset Value
+1.07%
1 Day
-0.48%
Year-to-Date
Overall Morningstar Rating
Trading--leveraged equity
Style or Category
4.75
Sales Expenses
1.74%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investment results that correlate- before fees and expenses- to the performance of 125% of the fair value of the STOXX Europe 50- Index. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments. It will invest at least 80% of its net assets- plus any borrowings for investment purposes- in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The fund is non-diversified.

Performance

1 month-7.36% 3 years+1.46%
3 months+0.96% 5 years+3.35%
1 year+21.34% Since inception+1.94%
Data through --

Peer Comparisonvs. Trading--leveraged equity

 RYAEXCategory
Performance 5-yr return+3.35%+16.48%
Expense ratio1.74%2.01%
Risk 5 year sharpe ratio0.31--
Net assets$8.1M$103.7M
Average market cap$118.8B--
Average P/E20.3--
Portfolio turnover1,616%1,616%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 17 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

International stock89.67%
Fixed income6.10%
Cash4.23%
U.S. stock0.01%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 21.80%
Energy 20.96%
Telecommunication 16.63%
Healthcare 16.00%
Industrial materials 14.03%
Top 10 Holdings
Portfolio weighting
-- 5.63%
NSRGY Nestle5.13%
NVS Novartis4.32%
HSBC HSBC4.17%
RHHBY Roche3.34%
BTI British American Tobacco3.04%
RDSA Royal Dutch Shell3.03%
TOT Total2.77%
BP BP2.69%
SIEGY Siemens2.47%