Mutual Fund Insights: Rydex Leisure Inv Fund (RYLIX)

In-depth Analysis of Rydex Leisure Inv Fund (RYLIX)

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See Rydex Leisure Inv Fund (RYLIX) performance details as of February 28, 2010

  

Last Trade: $26.72 on 3/19/2010, Change: -0.16 (-0.6%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 3.6 years   [Similar Funds: RYLAX  RYLCX  RYLSX  RYRIX ]
Fundmojo Fund Grade: C (Score: 0.53)     (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 Leisure Inv Fund (RYLIX)

Data for Rydex Leisure Inv Fund (RYLIX) as of February 28, 2010

• Rydex Leisure Inv Fund (RYLIX) management has been with Rydex Leisure Inv Fund for 3.6 years
• Rydex Leisure Inv Fund (RYLIX) has good short-term performance (1-year return 80.90% vs 66.83 % Consumer Discretionary category average)
• Rydex Leisure Inv Fund (RYLIX) has good Long-term performance (5-year return -3.85% vs -1.51 % Consumer Discretionary category average)
• Rydex Leisure Inv Fund (RYLIX) has a lower management fee than its Consumer Discretionary average: 1.37% vs 1.60%
• Rydex Leisure Inv Fund (RYLIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Rydex Leisure Inv Fund (RYLIX)

Data for Rydex Leisure Inv Fund (RYLIX) as of February 28, 2010

• Rydex Leisure Inv Fund is a focused fund with 35.14% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Rydex Leisure Inv Fund (RYLIX) has a less-than-ideal mid-term performance (3-year return -11.24% vs -8.13 % Consumer Discretionary category average)
• Rydex Leisure Inv Fund (RYLIX) ratio of up-years vs down years can be improved
• Rydex Leisure Inv Fund (RYLIX) has a Morningstar rating of 3 and below
• Rydex Leisure Inv Fund (RYLIX) is less safe compared to its Consumer Discretionary peers
• Rydex Leisure Inv Fund (RYLIX) has an annual stock turnover rate of 1529.00% that is higher than the Consumer Discretionary average of 346.42%. This could mean Rydex Leisure Inv is more nimble, but also signal potential high tax impact and high trading fees
• Rydex Leisure Inv Fund (RYLIX) does not have a good risk adjusted return as its 3-year Alpha of -1.23 is worse than category average of -0.6, and its 3-year Sharpe ratio is -0.3
• Rydex Leisure Inv Fund (RYLIX) is more volatile than its peers as it has a 3-year Standard Deviation of 30.13 that is higher than category average of 25.39

See Rydex Leisure Inv Fund (RYLIX) performance details as of February 28, 2010

  

  

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Rydex Leisure Inv Fund (RYLIX) Net Asset

Track net asset change of Rydex Leisure Inv fund (RYLIX)

Date	Net Asset
02/2010	$11.33M
01/2010	$4.92M
11/2009	$1.81M

More historic net asset information on Rydex Leisure Inv Fund (RYLIX)

  

Rydex Leisure Inv Fund (RYLIX) Portfolio Allocation

Track portfolio allocation change of Rydex Leisure Inv fund (RYLIX)

Date	Cash	Stock	Bond	Other
01/2010	0.75%	99.25%	0%	0%
11/2009	0.06%	99.94%	0%	0%
10/2009	0%	100%	0%	0%

Click here to see more historic asset allocation information on Rydex Leisure Inv Fund (RYLIX)

  

Most Recent Top 10 Holdings in Rydex Leisure Inv Fund (RYLIX)

Discover what Rydex Leisure Inv Fund (RYLIX) manager is buying

31-Jan-10 Walt Disney Company (The) Commo [4.97%] Comcast Corporation [4.01%] News Corporation [3.57%] Time Warner Inc. New Common Sto [3.41%] Carnival Corporation Common Sto [3.31%] DIRECTV [3.22%] [2.6%] Time Warner Cable Inc Common St [2.47%] Yum! Brands, Inc. [2.47%]

30-Nov-09 DIRECTV [6.25%] MCDONALDS CP [5.42%] WALT DISNEY-DISNEY C [4.76%] Comcast Corporation [3.94%] TIME WARNER INC NEW [3.77%] News Corporation [3.35%] CARNIVAL CORP [3.24%] Viacom, Inc. B [2.7%] Starbucks Corporation [2.6%] YUM BRANDS INC [2.55%]

31-Oct-09 MCDONALDS CP [5.37%] WALT DISNEY-DISNEY C [4.61%] Comcast Corporation [4.17%] TIME WARNER INC NEW [3.95%] News Corporation [3.6%] The DIRECTV Group, Inc. [3.33%] CARNIVAL CORP [3.14%] Viacom, Inc. B [2.7%] Liberty Media Corporation [2.61%] YUM BRANDS INC [2.54%]

Click here for Stock Holding Change Map in Rydex Leisure Inv Fund (RYLIX)

  

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See more information on Rydex Leisure Inv Fund (RYLIX)

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