Mutual Fund Insights: Rydex Precious Metals Inv Fund (RYPMX)

In-depth Analysis of Rydex Precious Metals Inv Fund (RYPMX)

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See Rydex Precious Metals Inv Fund (RYPMX) performance details as of January 31, 2010

  

Last Trade: $61.87 on 3/19/2010, Change: -1.12 (-1.78%)

  

Fund Manager - Michael P. Byrum

Fund Manager Tenure: 9.6 years
Fundmojo Fund Grade: D (Score: 0.43)     (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 Precious Metals Inv Fund (RYPMX)

Data for Rydex Precious Metals Inv Fund (RYPMX) as of January 31, 2010

• Rydex Precious Metals Inv Fund (RYPMX) management has been with Rydex Precious Metals Inv Fund for 9.6 years
• Rydex Precious Metals Inv Fund (RYPMX) ratio of up-years vs down years is greater than 2
• Rydex Precious Metals Inv Fund (RYPMX) has a lower management fee than its Equity Precious Metals average: 1.28% vs 1.49%
• Rydex Precious Metals Inv Fund (RYPMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Rydex Precious Metals Inv Fund (RYPMX)

Data for Rydex Precious Metals Inv Fund (RYPMX) as of January 31, 2010

• Rydex Precious Metals Inv Fund is a focused fund with 62.91% 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 Inv Fund (RYPMX) has a less-than-ideal short-term performance (1-year return 29.45% vs 35.27% Equity Precious Metals category average)
• Rydex Precious Metals Inv Fund (RYPMX) has a less-than-ideal mid-term performance (3-year return -0.45% vs 5.52% Equity Precious Metals category average)
• Rydex Precious Metals Inv Fund (RYPMX) has a less-than-ideal Long-term performance (5-year return 9.32% vs 16.14% Equity Precious Metals category average)
• Rydex Precious Metals Inv Fund (RYPMX) has a Morningstar rating of 3 and below
• Rydex Precious Metals Inv Fund (RYPMX) is less safe compared to its Equity Precious Metals peers
• Rydex Precious Metals Inv Fund (RYPMX) does not have a good risk adjusted return as its 3-year Alpha of 0.9 is worse than category average of 4.1, and its 3-year Sharpe ratio is 0.19
• Rydex Precious Metals Inv Fund (RYPMX) is more volatile than its peers as it has a 3-year Standard Deviation of 47.71 that is higher than category average of 45.97

See Rydex Precious Metals Inv Fund (RYPMX) performance details as of January 31, 2010

  

  

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Rydex Precious Metals Inv Fund (RYPMX) Net Asset

Track net asset change of Rydex Precious Metals Inv fund (RYPMX)

Date	Net Asset
01/2010	$113.38M
11/2009	$280.00M
10/2009	$218.99M

More historic net asset information on Rydex Precious Metals Inv Fund (RYPMX)

  

Rydex Precious Metals Inv Fund (RYPMX) Portfolio Allocation

Track portfolio allocation change of Rydex Precious Metals Inv fund (RYPMX)

Date	Cash	Stock	Bond	Other
11/2009	0.65%	99.35%	0%	0%
10/2009	0%	100%	0%	0%
07/2009	0.13%	99.86%	0%	0%

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

  

Most Recent Top 10 Holdings in Rydex Precious Metals Inv Fund (RYPMX)

Discover what Rydex Precious Metals Inv Fund (RYPMX) manager is buying

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%]

31-Jul-09 FREEPORT MCMORAN B [15.17%] BARRICK GOLD CP [8.15%] GOLDCORP INC [8.08%] NEWMONT MIN CP (HLDG [7.8%] AGNICO EAGLE MINES [6.13%] YAMANA GOLD INC [4.41%] ANGLOGOLD ASHANTI LT [4.31%] KINROSS GOLD CP [4.31%] Randgold Resources Limited [4.18%] GOLD FIELDS LTD ADS [3.79%]

Click here for Stock Holding Change Map in Rydex Precious Metals Inv Fund (RYPMX)

  

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Latest News on Rydex Precious Metals Inv (RYPMX)

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See more information on Rydex Precious Metals Inv Fund (RYPMX)

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