Mutual Fund Insights: Rydex Energy Adv Fund (RYEAX)

In-depth Analysis of Rydex Energy Adv Fund (RYEAX)

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See Rydex Energy Adv Fund (RYEAX) performance details as of January 31, 2010

  

Last Trade: $19.60 on 3/19/2010, Change: -0.34 (-1.71%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 11.9 years   [Similar Funds: RYECX  RYEIX  RYENX ]
Fundmojo Fund Grade: D (Score: 0.49)     (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 Energy Adv Fund (RYEAX)

Data for Rydex Energy Adv Fund (RYEAX) as of January 31, 2010

• Rydex Energy Adv Fund (RYEAX) management has been with Rydex Energy Adv Fund for 11.9 years
• Rydex Energy Adv Fund (RYEAX) ratio of up-years vs down years is greater than 2
• Rydex Energy Adv Fund (RYEAX) is less volatile than its peers as it has a 3-year Standard Deviation of 30.77, lower than category average of 34

  

 What we are cautious about Rydex Energy Adv Fund (RYEAX)

Data for Rydex Energy Adv Fund (RYEAX) as of January 31, 2010

• Rydex Energy Adv Fund is a focused fund with 30.74% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Rydex Energy Adv Fund (RYEAX) has a less-than-ideal short-term performance (1-year return 34.19% vs 39.60% Equity Energy category average)
• Rydex Energy Adv Fund (RYEAX) has a less-than-ideal mid-term performance (3-year return -1.47% vs -0.93% Equity Energy category average)
• Rydex Energy Adv Fund (RYEAX) has a less-than-ideal Long-term performance (5-year return 7.31% vs 8.83% Equity Energy category average)
• Rydex Energy Adv Fund (RYEAX) has a Morningstar rating of 3 and below
• Rydex Energy Adv Fund (RYEAX) is less safe compared to its Equity Energy peers
• Rydex Energy Adv Fund (RYEAX) does not have a good risk adjusted return as its 3-year Alpha of 9.59 is worse than category average of 12.28, and its 3-year Sharpe ratio is 0.05
• Rydex Energy Adv Fund (RYEAX) has a higher management fee of 1.88% than its Equity Energy average of 1.73%
• Even though Rydex Energy Adv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Rydex Energy Adv Fund (RYEAX) performance details as of January 31, 2010

  

  

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Rydex Energy Adv Fund (RYEAX) Net Asset

Track net asset change of Rydex Energy Adv fund (RYEAX)

Date	Net Asset
01/2010	$7.35M
11/2009	$7.04M
10/2009	$6.80M

More historic net asset information on Rydex Energy Adv Fund (RYEAX)

  

Rydex Energy Adv Fund (RYEAX) Portfolio Allocation

Track portfolio allocation change of Rydex Energy Adv fund (RYEAX)

Date	Cash	Stock	Bond	Other
11/2009	0.15%	99.85%	0%	0%
09/2009	0.62%	99.38%	0%	0%
08/2009	0.14%	99.86%	0%	0%

Click here to see more historic asset allocation information on Rydex Energy Adv Fund (RYEAX)

  

Most Recent Top 10 Holdings in Rydex Energy Adv Fund (RYEAX)

Discover what Rydex Energy Adv Fund (RYEAX) manager is buying

30-Nov-09 EXXON MOBIL CP [7.48%] CHEVRON CORP [4.9%] CONOCOPHILLIPS [3.38%] SCHLUMBERGER LTD [3.24%] OCCIDENTAL PET [3.12%] PETROLEO BRASILEIRO [2.33%] APACHE CP [2.13%] DEVON ENERGY CP (OK) [2.06%] ANADARKO PETROLEUM [1.99%] HALLIBURTON CO [1.95%]

30-Sep-09 EXXON MOBIL CP [6.22%] BP PLC [4.54%] CHEVRON CORP [4.2%] TOTAL S.A. [4.16%] PETROLEO BRASILEIRO [3.87%] [3.62%] SCHLUMBERGER LTD [2.95%] OCCIDENTAL PET [2.89%] CONOCOPHILLIPS [2.85%] ANADARKO PETROLEUM [2.2%]

31-Aug-09 EXXON MOBIL CP [6.83%] BP PLC [4.78%] CHEVRON CORP [4.53%] TOTAL S.A. [4.38%] [3.82%] PETROLEO BRASILEIRO [3.63%] CONOCOPHILLIPS [3.1%] SCHLUMBERGER LTD [3.03%] OCCIDENTAL PET [2.93%] APACHE CP [2.09%]

Click here for Stock Holding Change Map in Rydex Energy Adv Fund (RYEAX)

  

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See more information on Rydex Energy Adv Fund (RYEAX)

• Rydex Energy Adv Fund Insights
• Rydex Energy Adv Fund Performance Data
• Rydex Energy Adv Fund News
• Rydex Energy Adv Fund Score Explaination
• Rydex Energy Adv Fund Manager Information
• Historic Rydex Energy Adv Fund Asset Allocation Report
• Historic Rydex Energy Adv Fund Top 10 Holding Tracking
• Historic Rydex Energy Adv Fund Asset Under Management Tracking