Mutual Fund Insights: Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

In-depth Analysis of Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

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See Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) performance details as of February 28, 2010

  

Last Trade: $13.90 on 3/19/2010, Change: -0.01 (-0.07%)

  

Fund Manager - Michael J. Dellapa

Fund Manager Tenure: 4.5 years   [Similar Funds: RYJCX  RYJUX ]
Fundmojo Fund Grade: N/A (Score: Manager deploys a bear strategy)     (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 Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

Data for Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) as of February 28, 2010

• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) management has been with Rydex Inverse Gov Long Bond Strategy Adv Fund for 4.5 years
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) has good mid-term performance (3-year return -7.85% vs -10.32 % Bear Market category average)
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) is less volatile than its peers as it has a 3-year Standard Deviation of 20.54, lower than category average of 30.35
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) has a lower management fee than its Bear Market average: 1.91% vs 2.00%

  

 What we are cautious about Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

Data for Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) as of February 28, 2010

• Rydex Inverse Gov Long Bond Strategy Adv Fund is a focused fund with 84.82% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) has a less-than-ideal short-term performance (1-year return -2.11% vs -44.28 % Bear Market category average)
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) has a less-than-ideal Long-term performance (5-year return -4.38% vs -7.58 % Bear Market category average)
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) ratio of up-years vs down years can be improved
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) is less safe compared to its Bear Market peers
• Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) has an annual stock turnover rate of 584.00% that is higher than the Bear Market average of 576.33%. This could mean Rydex Inverse Gov Long Bond Strategy Adv is more nimble, but also signal potential high tax impact and high trading fees
• Even though Rydex Inverse Gov Long Bond Strategy Adv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) performance details as of February 28, 2010

  

  

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Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) Net Asset

Track net asset change of Rydex Inverse Gov Long Bond Strategy Adv fund (RYJAX)

Date	Net Asset
02/2010	$589.45M
01/2010	$54.71M
11/2009	$49.63M

More historic net asset information on Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

  

Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) Portfolio Allocation

Track portfolio allocation change of Rydex Inverse Gov Long Bond Strategy Adv fund (RYJAX)

Date	Cash	Stock	Bond	Other
01/2010	73.12%	0%	26.88%	0%
11/2009	74.69%	0%	25.31%	0%
10/2009	73.53%	0%	26.47%	0%

Click here to see more historic asset allocation information on Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

  

Most Recent Top 10 Holdings in Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

Discover what Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX) manager is buying

31-Jan-10 United States Treas Bds 4.375% [81.91%] FNMA [2.54%] US LONG BOND(CBT) Mar10 [0.37%] Price/Earnings [19.51%] N/A [0%] 9.14 [0%] Median Market Cap [1.33%]

30-Nov-09 United States Treas Bds 4.375% [20.72%] FNMA [9.68%] FHLBA [9.5%] FNMA [4.85%] FNMA [4.27%] FNMA [2.91%] US LONG BOND(CBT) Mar10 [2.58%] N/A [0%] N/A [0%] N/A [0%]

31-Oct-09 FNMA [8.8%] FHLBA [8.64%] US Treasury Bond [6.71%] FNMA [4.41%] FNMA [3.88%] FNMA [2.65%] US LONG BOND(CBT) DEC 09 [0.49%] US Treasury Bond (Fut) [5.47%] N/A [0%] N/A [0%]

Click here for Stock Holding Change Map in Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

  

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See more information on Rydex Inverse Gov Long Bond Strategy Adv Fund (RYJAX)

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