Mutual Fund Insights: Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

In-depth Analysis of Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

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See Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) performance details as of February 28, 2010

  

Last Trade: $11.17 on 3/19/2010, Change: +0.01 (0.09%)

  

Fund Manager - Michael J. Dellapa

Fund Manager Tenure: 3.6 years   [Similar Funds: RYABX ]
Fundmojo Fund Grade: E (Score: 0.29)     (What does this score mean?)

Michael J. Dellapa joined Rydex Investments in 2000 as a research analyst and was promoted to portfolio manager in 2003. During his tenure as a portfolio manager, Michael J. Dellapa had direct oversight for the Russell 2000(R) Advantage, Healthcare, Biotechnology, and Consumer Products Funds, which are offered in a separate prospectus. In 2005, Dellapa became director of investment research and in 2007 became the director of Alternative Investment Strategies. Michael J. Dellapa holds the Charted Financial Analyst designation.  Get more insights on Michael J. Dellapa

  

 What we like about Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

Data for Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) as of February 28, 2010

• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) management has been with Rydex Govt Long Bond 1.2x Strategy Adv Fund for 3.6 years
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) ratio of up-years vs down years is greater than 2

  

 What we are cautious about Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

Data for Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) as of February 28, 2010

• Rydex Govt Long Bond 1.2x Strategy Adv Fund is a focused fund with 96.37% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has a less-than-ideal short-term performance (1-year return -11.76% vs -2.94 % Long Government category average)
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has a less-than-ideal mid-term performance (3-year return 3.79% vs 5.51 % Long Government category average)
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has a less-than-ideal Long-term performance (5-year return 3.05% vs 4.58 % Long Government category average)
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has a Morningstar rating of 3 and below
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) is less safe compared to its Long Government peers
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has an annual stock turnover rate of 1794.00% that is higher than the Long Government average of 489.04%. This could mean Rydex Govt Long Bond 1.2x Strategy Adv is more nimble, but also signal potential high tax impact and high trading fees
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) does not have a good risk adjusted return as its 3-year Alpha of -12.92 is worse than category average of -7.92, and its 3-year Sharpe ratio is 0.19
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) is more volatile than its peers as it has a 3-year Standard Deviation of 23.56 that is higher than category average of 16.02
• Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) has a higher management fee of 1.48% than its Long Government average of 0.94%
• Even though Rydex Govt Long Bond 1.2x Strategy Adv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) performance details as of February 28, 2010

  

  

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Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) Net Asset

Track net asset change of Rydex Govt Long Bond 1.2x Strategy Adv fund (RYADX)

Date	Net Asset
02/2010	$350.99M
01/2010	$27.08M
11/2009	$6.05M

More historic net asset information on Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

  

Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) Portfolio Allocation

Track portfolio allocation change of Rydex Govt Long Bond 1.2x Strategy Adv fund (RYADX)

Date	Cash	Stock	Bond	Other
01/2010	3.62%	0%	96.38%	0%
11/2009	5.15%	0%	94.85%	0%
10/2009	4%	0%	96%	0%

Click here to see more historic asset allocation information on Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

  

Most Recent Top 10 Holdings in Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

Discover what Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX) manager is buying

31-Jan-10 United States Treas Bds 4.375% [95.45%] US LONG BOND(CBT) Mar10 [0.92%] Price/Earnings [0%] N/A [0%] N/A [0%] Median Market Cap [0%]

30-Nov-09 United States Treas Bds 4.375% [94.13%] US LONG BOND(CBT) Mar10 [0.72%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

31-Oct-09 US Treasury Bond [95.59%] US LONG BOND(CBT) DEC 09 [0.41%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

Click here for Stock Holding Change Map in Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

  

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See more information on Rydex Govt Long Bond 1.2x Strategy Adv Fund (RYADX)

• Rydex Govt Long Bond 1.2x Strategy Adv Fund Insights
• Rydex Govt Long Bond 1.2x Strategy Adv Fund Performance Data
• Rydex Govt Long Bond 1.2x Strategy Adv Fund News
• Rydex Govt Long Bond 1.2x Strategy Adv Fund Score Explaination
• Rydex Govt Long Bond 1.2x Strategy Adv Fund Manager Information
• Historic Rydex Govt Long Bond 1.2x Strategy Adv Fund Asset Allocation Report
• Historic Rydex Govt Long Bond 1.2x Strategy Adv Fund Top 10 Holding Tracking
• Historic Rydex Govt Long Bond 1.2x Strategy Adv Fund Asset Under Management Tracking