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Rydex Inverse NASDAQ-100® Strategy Fund Class A (RYAPX)

59.09
Net Asset Value
-1.04%
1 Day
-7.41%
Year-to-Date
Overall Morningstar Rating
Bear market
Style or Category
4.75
Sales Expenses
1.72%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investment results that match- before fees and expenses- the inverse (opposite) of the performance of the NASDAQ-100 Index- on a daily basis. 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.

Performance

1 month-6.40% 3 years-17.15%
3 months-11.75% 5 years-19.65%
1 year-27.37% Since inception-13.47%
Data through --

Peer Comparisonvs. Bear market

 RYAPXCategory
Performance 5-yr return-19.65%-22.83%
Expense ratio1.72%1.92%
Risk 5 year sharpe ratio-1.79-1.45
Net assets$8.1M$101.9M
Average market cap$71.0B$58.6B
Average P/E19.722.5
Portfolio turnover486%486%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 19 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Cash65.58%
Fixed income34.72%
International stock0.11%
U.S. stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Hardware 33.95%
Healthcare 16.70%
Telecommunication 11.36%
Consumer service 10.99%
Business service 4.23%
Top 10 Holdings
Portfolio weighting
-- 26.45%
RYIFX Guggenheim Series Trust Managed Futures Strategy Fund Class I26.40%
-- 0.29%
-- 0.16%
-- 0.13%
-- 0.03%