Mutual Fund Insights: Rydex Banking C Fund (RYKCX)

In-depth Analysis of Rydex Banking C Fund (RYKCX)

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See Rydex Banking C Fund (RYKCX) performance details as of January 31, 2010

  

Last Trade: $45.18 on 3/18/2010, Change: -0.40 (-0.88%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 12.0 years   [Similar Funds: RYKAX  RYKIX  RYFCX ]
Fundmojo Fund Grade: E (Score: 0.32)     (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 C Fund (RYKCX)

Data for Rydex Banking C Fund (RYKCX) as of January 31, 2010

• Rydex Banking C Fund (RYKCX) management has been with Rydex Banking C Fund for 12.0 years

  

 What we are cautious about Rydex Banking C Fund (RYKCX)

Data for Rydex Banking C Fund (RYKCX) as of January 31, 2010

• Rydex Banking C 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 C Fund (RYKCX) has a less-than-ideal short-term performance (1-year return 41.09% vs 49.15% Financial category average)
• Rydex Banking C Fund (RYKCX) has a less-than-ideal mid-term performance (3-year return -24.80% vs -16.13% Financial category average)
• Rydex Banking C Fund (RYKCX) has a less-than-ideal Long-term performance (5-year return -14.37% vs -5.96% Financial category average)
• Rydex Banking C Fund (RYKCX) ratio of up-years vs down years can be improved
• Rydex Banking C Fund (RYKCX) has a Morningstar rating of 3 and below
• Rydex Banking C Fund (RYKCX) is less safe compared to its Financial peers
• Rydex Banking C Fund (RYKCX) does not have a good risk adjusted return as its 3-year Alpha of -16.42 is worse than category average of -6.43, and its 3-year Sharpe ratio is -0.79
• Rydex Banking C Fund (RYKCX) is more volatile than its peers as it has a 3-year Standard Deviation of 31.49 that is higher than category average of 28.7
• Rydex Banking C Fund (RYKCX) has a higher management fee of 2.40% than its Financial average of 1.76%
• Rydex Banking C Fund (RYKCX) carries a 1% load

See Rydex Banking C Fund (RYKCX) performance details as of January 31, 2010

  

  

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Rydex Banking C Fund (RYKCX) Net Asset

Track net asset change of Rydex Banking C fund (RYKCX)

Date	Net Asset
01/2010	$4.44M
11/2009	$4.92M
10/2009	$3.20M

More historic net asset information on Rydex Banking C Fund (RYKCX)

  

Rydex Banking C Fund (RYKCX) Portfolio Allocation

Track portfolio allocation change of Rydex Banking C fund (RYKCX)

Date	Cash	Stock	Bond	Other
11/2009	1.78%	98.22%	0%	0%
10/2009	0%	100%	0%	0%
08/2009	0.49%	99.51%	0%	0%

Click here to see more historic asset allocation information on Rydex Banking C Fund (RYKCX)

  

Most Recent Top 10 Holdings in Rydex Banking C Fund (RYKCX)

Discover what Rydex Banking C Fund (RYKCX) 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 C Fund (RYKCX)

  

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See more information on Rydex Banking C Fund (RYKCX)

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