The investment seeks total return, before expenses and costs, that inversely correlates to the price movements of Long Treasury bond. The fund employs as its investment strategy a program of engaging in short sales and investing to a significant extent in derivative instruments, which primarily consist of futures contracts, interest rate swaps, and options on securities and futures contracts. It invests at least 80% of net assets in financial instruments with economic characteristics that should perform opposite to fixed-income securities issued by the U.S. government. The fund is nondiversified.
Fund filings (PDF) »

Asset managers:
Michael Dellapa (Started: Sep 30, 2005)
Ryan Harder (Started: Mar 14, 2008)
Michael Byrum (Started: Aug 1, 2000)

Advisor Company:
Rydex Investments
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-13.58	-0.07	-0.01	-5.79
Beta*	21.60	-7.44	-7.98	-5.57
Mean annual return	0.13	-0.65	-0.27	-0.52
R-squared*	2.95	3.12	3.95	1.63
Standard deviation	18.80	20.59	17.17	14.82
Sharpe ratio	0.07	-0.47	-0.35	-0.61
* Against standard index

Risk measurement details »

Security	Net Assets
UNITED STATES TREAS BDS	62.50%
FNMA	49.34%
FNMA	9.87%
FNMA	9.86%
FNMA	4.94%
US LONG BOND(CBT) Mar10	3.78%
FNMA	2.96%

Holdings Performance »