Mutual Fund Insights: Rydex Precious Metals A Fund (RYMNX)

In-depth Analysis of Rydex Precious Metals A Fund (RYMNX)

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See Rydex Precious Metals A Fund (RYMNX) performance details as of February 28, 2010

  

Last Trade: $60.76 on 3/19/2010, Change: -1.11 (-1.79%)

  

Fund Manager - Michael J. Dellapa

Fund Manager Tenure: 3.6 years   [Similar Funds: RYMPX ]
Fundmojo Fund Grade: C (Score: 0.52)     (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 Precious Metals A Fund (RYMNX)

Data for Rydex Precious Metals A Fund (RYMNX) as of February 28, 2010

• Rydex Precious Metals A Fund (RYMNX) management has been with Rydex Precious Metals A Fund for 3.6 years
• Rydex Precious Metals A Fund (RYMNX) has good Long-term performance (5-year return 9.32% vs 16.19 % Equity Precious Metals category average)
• Rydex Precious Metals A Fund (RYMNX) ratio of up-years vs down years is greater than 2

  

 What we are cautious about Rydex Precious Metals A Fund (RYMNX)

Data for Rydex Precious Metals A Fund (RYMNX) as of February 28, 2010

• Rydex Precious Metals A Fund is a focused fund with 63.51% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Rydex Precious Metals A Fund (RYMNX) has a less-than-ideal short-term performance (1-year return 46.83% vs 47.03 % Equity Precious Metals category average)
• Rydex Precious Metals A Fund (RYMNX) has a less-than-ideal mid-term performance (3-year return 1.88% vs 7.60 % Equity Precious Metals category average)
• Rydex Precious Metals A Fund (RYMNX) has a Morningstar rating of 3 and below
• Rydex Precious Metals A Fund (RYMNX) is less safe compared to its Equity Precious Metals peers
• Rydex Precious Metals A Fund (RYMNX) has an annual stock turnover rate of 245.00% that is higher than the Equity Precious Metals average of 61.14%. This could mean Rydex Precious Metals A is more nimble, but also signal potential high tax impact and high trading fees
• Rydex Precious Metals A Fund (RYMNX) does not have a good risk adjusted return as its 3-year Alpha of 4.9 is worse than category average of 7.33, and its 3-year Sharpe ratio is 0.24
• Rydex Precious Metals A Fund (RYMNX) is more volatile than its peers as it has a 3-year Standard Deviation of 47.91 that is higher than category average of 46.12
• Rydex Precious Metals A Fund (RYMNX) has a higher management fee of 1.53% than its Equity Precious Metals average of 1.49%
• Rydex Precious Metals A Fund (RYMNX) carries a 4.75% load

See Rydex Precious Metals A Fund (RYMNX) performance details as of February 28, 2010

  

  

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Rydex Precious Metals A Fund (RYMNX) Net Asset

Track net asset change of Rydex Precious Metals A fund (RYMNX)

Date	Net Asset
02/2010	$168.94M
01/2010	$10.06M
11/2009	$12.19M

More historic net asset information on Rydex Precious Metals A Fund (RYMNX)

  

Rydex Precious Metals A Fund (RYMNX) Portfolio Allocation

Track portfolio allocation change of Rydex Precious Metals A fund (RYMNX)

Date	Cash	Stock	Bond	Other
01/2010	0.7%	99.3%	0%	0%
11/2009	0.65%	99.35%	0%	0%
10/2009	0%	100%	0%	0%

Click here to see more historic asset allocation information on Rydex Precious Metals A Fund (RYMNX)

  

Most Recent Top 10 Holdings in Rydex Precious Metals A Fund (RYMNX)

Discover what Rydex Precious Metals A Fund (RYMNX) manager is buying

31-Jan-10 Freeport-McMoRan Copper & Gold, [12.65%] Newmont Mining Corporation (Hol [8.64%] Barrick Gold Corporation Common [8.56%] Goldcorp Incorporated Common St [7.41%] Agnico-Eagle Mines Limited Comm [5.82%] Yamana Gold, Inc. Ordinary Shar [4.41%] Kinross Gold Corporation Common [4.19%] AngloGold Ashanti Ltd. Common S [4.13%] Southern Copper Corporation Com [4.07%] Randgold Resources Limited [3.63%]

30-Nov-09 FREEPORT MCMORAN B [15%] NEWMONT MIN CP (HLDG [9.73%] BARRICK GOLD CP [8.54%] GOLDCORP INC [6.18%] SOUTHERN COPPER CORP [4.87%] AGNICO EAGLE MINES [4.55%] YAMANA GOLD INC [4.02%] ANGLOGOLD ASHANTI LT [3.95%] KINROSS GOLD CP [3.62%] GOLD FIELDS LTD ADS [3.49%]

31-Oct-09 FREEPORT MCMORAN B [15.98%] NEWMONT MIN CP (HLDG [9.48%] BARRICK GOLD CP [8.64%] GOLDCORP INC [6.51%] SOUTHERN COPPER CORP [5.29%] AGNICO EAGLE MINES [4.68%] ANGLOGOLD ASHANTI LT [4.05%] KINROSS GOLD CP [4.04%] YAMANA GOLD INC [3.86%] GOLD FIELDS LTD ADS [3.63%]

Click here for Stock Holding Change Map in Rydex Precious Metals A Fund (RYMNX)

  

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See more information on Rydex Precious Metals A Fund (RYMNX)

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