Rydex Series Trust Inverse S&P 500 Strategy Fund Class Investor

 (MUTF:RYURX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-1.06%  
1 week   +0.42%
   
4 week
   
-1.52%  
3 month
   
-2.15%  
YTD
   
-2.09%  
1 year
   
-19.33%  
3 years*
   
-16.14%  
5 years*
   
-19.42%  
*annualized
Best 3 month return+28.48%  
Worst 3 month return-23.54%  

Morningstar statistics

Morningstar category: Bear Market

Key statistics

Total assets94.27M 
Front load-  
Deferred load-  
Expense ratio1.41%  
Management fee-  
Fund familyRydex Funds 

Asset allocation

Cash76.54%  
Stocks0.00%  
Bonds0.00%  
Other23.53%  

Purchase information

Initial$2,500  
Additional$0  
IRA Initial$1,000  
16.83-0.03(-0.18%)
Apr 17, 4:00PM EDT

Description

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. 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.
Fund filings (PDF) »
Asset managers:
Michael Dellapa (Started: Aug 1, 2006)
Ryan Harder (Started: Mar 14, 2008)
Michael Byrum (Started: Aug 1, 2001)
Advisor Company:
Security Investors, LLC
Fund family reports on Morningstar »
Rydex Funds, 9601 Blackwell Rd, Suite 500, Rockville, MD 20850, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -1.67 -3.10 -2.96 -3.23
Beta* -0.99 -0.95 -0.96 -0.95
Mean annual return -1.81 -1.40 -1.86 -0.66
R-squared* 99.91 99.29 99.57 99.05
Standard deviation 9.83 11.88 13.45 14.18
Sharpe ratio -2.21 -1.42 -1.66 -0.68
* Against standard index

Top 10 holdings