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Fund Intelligence | Best Managers | RYKAX Insights | RYKAX Score | RYKAX Performance | RYKAX Manager | RYKAX News | RYKAX Allocation | RYKAX Holdings Change

Mutual Fund Insights: Rydex Banking Adv Fund (RYKAX)

In-depth Analysis of Rydex Banking Adv Fund (RYKAX)

Mutual fund chart: Rydex Banking Adv Fund (RYKAX)

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See Rydex Banking Adv Fund (RYKAX) performance details as of January 31, 2010

  

    Last Trade: $46.44 on 3/18/2010, Change: -0.41 (-0.88%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 12.0 years   [Similar Funds: RYKCX  RYKIX  RYFAX ]
Fundmojo Fund Grade: D (Score: 0.41)     (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 Banking Adv Fund (RYKAX) What we like about Rydex Banking Adv Fund (RYKAX)

Data for Rydex Banking Adv Fund (RYKAX) as of January 31, 2010

  • Rydex Banking Adv Fund (RYKAX) management has been with Rydex Banking Adv Fund for 12.0 years

  

What we are cautious about Rydex Banking Adv Fund (RYKAX) What we are cautious about Rydex Banking Adv Fund (RYKAX)

Data for Rydex Banking Adv Fund (RYKAX) as of January 31, 2010

  • Rydex Banking Adv Fund is a focused fund with 34.84% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Rydex Banking Adv Fund (RYKAX) has a less-than-ideal short-term performance (1-year return 41.03% vs 49.15% Financial category average)
  • Rydex Banking Adv Fund (RYKAX) has a less-than-ideal mid-term performance (3-year return -24.45% vs -16.13% Financial category average)
  • Rydex Banking Adv Fund (RYKAX) has a less-than-ideal Long-term performance (5-year return -14.02% vs -5.96% Financial category average)
  • Rydex Banking Adv Fund (RYKAX) has a Morningstar rating of 3 and below
  • Rydex Banking Adv Fund (RYKAX) is less safe compared to its Financial peers
  • Rydex Banking Adv Fund (RYKAX) does not have a good risk adjusted return as its 3-year Alpha of -16.03 is worse than category average of -6.43, and its 3-year Sharpe ratio is -0.78
  • Rydex Banking Adv Fund (RYKAX) is more volatile than its peers as it has a 3-year Standard Deviation of 31.4 that is higher than category average of 28.7
  • Rydex Banking Adv Fund (RYKAX) has a higher management fee of 1.88% than its Financial average of 1.76%
  • Even though Rydex Banking Adv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses
See Rydex Banking Adv Fund (RYKAX) performance details as of January 31, 2010

  

  

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Rydex Banking Adv Fund (RYKAX) Net Asset

Track net asset change of Rydex Banking Adv fund (RYKAX)

DateNet Asset
01/2010$700.00K
11/2009$880.00K
10/2009$870.00K
More historic net asset information on Rydex Banking Adv Fund (RYKAX)

  

Rydex Banking Adv Fund (RYKAX) Portfolio Allocation

Track portfolio allocation change of Rydex Banking Adv fund (RYKAX)

DateCashStockBondOther
11/20091.78%98.22%0%0%
10/20090%100%0%0%
08/20090.49%99.51%0%0%
Click here to see more historic asset allocation information on Rydex Banking Adv Fund (RYKAX)

  

Most Recent Top 10 Holdings in Rydex Banking Adv Fund (RYKAX)

Discover what Rydex Banking Adv Fund (RYKAX) manager is buying

30-Nov-09
P N C FIN SVCS GR [4.3%]
US BANCORP [4.08%]
BANK OF NY MELLON CP [3.94%]
WELLS FARGO & CO NEW [3.75%]
JP MORGAN CHASE CO [3.72%]
BK OF AMERICA CP [3.72%]
BB&T CP [3.54%]
SUNTRUST BANKS [3.25%]
ITAU UNIBANCO ADS [2.6%]
Fifth Third Bancorp [2.52%]

31-Oct-09
BANK OF NY MELLON CP [4.27%]
US BANCORP [4.25%]
P N C FIN SVCS GR [4%]
WELLS FARGO & CO NEW [3.99%]
JP MORGAN CHASE CO [3.96%]
BK OF AMERICA CP [3.7%]
BB&T CP [3.69%]
SUNTRUST BANKS [2.84%]
M&T BANK CORP [2.57%]
Hudson City Bancorp, Inc. [2.53%]

31-Aug-09
UBS AG (NEW) [4.76%]
BARCLAYS PLC ADR [4.7%]
US BANCORP [4.58%]
HSBC HLDGS PLC ADS [4.51%]
JP MORGAN CHASE CO [4.49%]
BK OF AMERICA CP [4.44%]
WELLS FARGO & CO NEW [4.36%]
CREDIT SUISSE GROUP [4.13%]
BB&T CP [3.89%]
P N C FIN SVCS GR [3.64%]
Click here for Stock Holding Change Map in Rydex Banking Adv Fund (RYKAX)

  

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