Mutual Fund Insights: Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

In-depth Analysis of Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

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See Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) performance details as of February 28, 2010

  

Last Trade: $15.28 on 3/19/2010, Change: +0.09 (0.59%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 3.6 years   [Similar Funds: RYAAX  RYACX  RYAPX ]
Fundmojo Fund Grade: N/A (Score: Manager deploys a bear strategy)     (What does this score mean?)

Byrum is president and CIO of Rydex Investments, his employer since its foundation in 1993. He has ultimate responsibility for the management of the funds. He was named the president of Rydex Investments in 2004 and has served as chief investment officer since 2003.Prior to joining Rydex Investments, Mr. Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds, Inc. Byrum holds the Charted Financial Analyst designation.  Get more insights on Michael P. Byrum

  

 What we like about Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

Data for Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) as of February 28, 2010

• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) management has been with Rydex Inverse NASDAQ-100 Strategy Inv Fund for 3.6 years
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) has good mid-term performance (3-year return -7.61% vs -10.32 % Bear Market category average)
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) is less volatile than its peers as it has a 3-year Standard Deviation of 23.33, lower than category average of 30.35
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) has a lower management fee than its Bear Market average: 1.46% vs 2.00%
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

Data for Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) as of February 28, 2010

• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) has a less-than-ideal short-term performance (1-year return -42.65% vs -44.28 % Bear Market category average)
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) has a less-than-ideal Long-term performance (5-year return -5.83% vs -7.58 % Bear Market category average)
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) ratio of up-years vs down years can be improved
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) is less safe compared to its Bear Market peers
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) has an annual stock turnover rate of 1157.00% that is higher than the Bear Market average of 576.33%. This could mean Rydex Inverse NASDAQ-100 Strategy Inv is more nimble, but also signal potential high tax impact and high trading fees
• Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) does not have a good risk adjusted return as its 3-year Alpha of -22.4 is worse than category average of -22.01, and its 3-year Sharpe ratio is -0.3

See Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) performance details as of February 28, 2010

  

  

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Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) Net Asset

Track net asset change of Rydex Inverse NASDAQ-100 Strategy Inv fund (RYAIX)

Date	Net Asset
02/2010	$34.53M
01/2010	$19.87M
11/2009	$30.06M

More historic net asset information on Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

  

Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) Portfolio Allocation

Track portfolio allocation change of Rydex Inverse NASDAQ-100 Strategy Inv fund (RYAIX)

Date	Cash	Stock	Bond	Other
01/2010	97.91%	2.09%	0%	0%
11/2009	99.99%	0.01%	0%	0%
10/2009	96.49%	3.51%	0%	0%

Click here to see more historic asset allocation information on Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

  

Most Recent Top 10 Holdings in Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

Discover what Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX) manager is buying

31-Jan-10 Credit Suisse Swap [1.27%] Goldman Swap [0.83%] NASDAQ 100 E-MINI MAR 10 [0.54%] Price/Earnings [19.51%] N/A [0%] 9.14 [0%] Median Market Cap [1.33%]

30-Nov-09 NASDAQ 100 E-MINI DEC 09 [0.38%] Goldman Swap [0.35%] NASDAQ 100 E-MINI DEC 09 [0.09%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

31-Oct-09 Credit Suisse Swap [3.17%] Goldman Swap [0.35%] NASDAQ 100 E-MINI DEC 09 [0.09%] 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 Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

  

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See more information on Rydex Inverse NASDAQ-100 Strategy Inv Fund (RYAIX)

• Rydex Inverse NASDAQ-100 Strategy Inv Fund Insights
• Rydex Inverse NASDAQ-100 Strategy Inv Fund Performance Data
• Rydex Inverse NASDAQ-100 Strategy Inv Fund News
• Rydex Inverse NASDAQ-100 Strategy Inv Fund Score Explaination
• Rydex Inverse NASDAQ-100 Strategy Inv Fund Manager Information
• Historic Rydex Inverse NASDAQ-100 Strategy Inv Fund Asset Allocation Report
• Historic Rydex Inverse NASDAQ-100 Strategy Inv Fund Top 10 Holding Tracking
• Historic Rydex Inverse NASDAQ-100 Strategy Inv Fund Asset Under Management Tracking