The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the S&P 500� 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, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. It may hold U.S. government securities or cash equivalents to collateralize its short sales and derivative positions. The fund is non-diversified.
Fund filings (PDF) »
Michael Dellapa (Started: Aug 1, 2006)
Ryan Harder (Started: Mar 14, 2008)
Michael Byrum (Started: Aug 1, 2001)
# Contact ?>
Rydex Funds, 9601 Blackwell Rd, Suite 500, Rockville, MD 20850, USA