Rydex Inverse Emerging Markets 2x Strategy Fund C Class (RYWZX)

41.09
Net Asset Value
+1.88%
1 Day
-5.91%
Year-to-Date
Overall Morningstar Rating
Trading--inverse equity
Style or Category
No Load
Sales Expenses
2.48%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investment results that correlate- before fees and expenses- to 200% of the inverse (opposite) of the performance of the BNY Mellon Emerging Markets 50 ADR Index on a daily basis. 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 leveraged derivatives instruments. It invests 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-0.96% 3 years-23.25%
3 months+12.61% 5 years-19.34%
1 year-29.83% Since inception-16.06%
Data through --

Peer Comparisonvs. Trading--inverse equity

 RYWZXCategory
Performance 5-yr return-19.34%-29.79%
Expense ratio2.48%1.94%
Risk 5 year sharpe ratio-0.45--
Net assets$478.8K$3.4M
Average market cap--$14.8B
Average P/E--16.1
Portfolio turnover1,085%1,085%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 7 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Cash116.21%
U.S. stock0.00%
International stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.