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Rydex Technology Inv (RYTIX) Fund Ranking and Research

Ranking, Research and Recommendation of Rydex Technology Inv (RYTIX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Rydex Technology Inv Fund (RYTIX) ManagerFund Manager - Michael P. Byrum

Fund Manager Information

Fund Manager Tenure: 20.5 years
Similar Funds: RYTAX  RYTHX  RYSIX 
Fund Family: Rydex Funds
Fund Category: Technology
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.55)     (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. He was named Vice President of Portfolio for Rydex Investments in 1998, and Executive Vice President in 2000. Prior to joining Rydex Investments, Mr. Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds, Inc. Prior to joining Rydex Advisors, LLC, Mr. Byrum worked for Money Management Associates, Rydex Advisors, LLC for Rushmore Funds, Inc. He holds a degree in finance from Miami University of Ohio and is a member of the CFA Institute and the Washington Society of Investment Analysts.  Get more insights on Michael P. Byrum

 

Graph of Rydex Technology Inv Fund (RYTIX) ProfileRydex Technology Inv Fund (RYTIX) Profile

Fund Profile and Description

Rydex Technology Inv Fund seeks capital appreciation. Rydex Technology Inv Fund invests substantially at least 80% of its net assets in equity securities of Technology Companies that are traded in the United States and derivatives. Technology Companies are companies that the Advisor believes have, or will develop, products, processes, or services that will provide technological advances and improvements. It is non-diversified.

 

Rydex Technology Inv (RYTIX) Fund Strength What we like about Rydex Technology Inv (RYTIX) Fund

Data for Rydex Technology Inv Fund (RYTIX) as of May 30, 2016

  • Rydex Technology Inv Fund (RYTIX) management has been with Rydex Technology Inv Fund for 20.5 years
  • Rydex Technology Inv Fund (RYTIX) ratio of up-years vs down years is greater than 2
  • Rydex Technology Inv Fund (RYTIX) is less volatile than its peers as it has a 3-year Standard Deviation of 14.91, lower than category average of 15.15
  • Rydex Technology Inv Fund (RYTIX) has a lower expense ratio than its Technology average: 1.35% vs 1.42%
  • Rydex Technology Inv Fund (RYTIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Rydex Technology Inv Fund (RYTIX) Weakness What we are cautious about Rydex Technology Inv (RYTIX) Fund

Data for Rydex Technology Inv Fund (RYTIX) as of May 30, 2016

  • Rydex Technology Inv Fund (RYTIX) has a less-than-ideal short-term performance (1-year return -3.20% vs -1.99% Technology category median performance)
  • Rydex Technology Inv Fund (RYTIX) has a less-than-ideal mid-term performance (3-year return 10.90% vs 13.35% Technology category median performance)
  • Rydex Technology Inv Fund (RYTIX) has a less-than-ideal Long-term performance (5-year return 7.92% vs 9.50% Technology category median performance)
  • Rydex Technology Inv Fund (RYTIX) has a Morningstar rating of 3 and below
  • Rydex Technology Inv Fund (RYTIX) is less safe compared to its Technology peers
  • Rydex Technology Inv Fund (RYTIX) has an annual stock turnover rate of 280.00% that is higher than the Technology average of 81.69%. This could mean Rydex Technology Inv is more nimble, but also signal potential high tax impact and high trading fees
  • As a Technology focused fund, Rydex Technology Inv Fund (RYTIX) is less diversified and has inherited sector risks associated with the fund
See Rydex Technology Inv Fund (RYTIX) performance details as of May 30, 2016

 

What do you think?

 

Compare Rydex Technology Inv Fund (RYTIX)Compare with other top Technology category mutual funds

Aadditional top Technology mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Rydex Technology Inv1.20-3.2010.907.92
Columbia Global Technology Growth A (CTCAX)1.593.1819.2411.85Compare
Fidelity Advisor Electronics A (FELAX)5.06-2.3419.8311.26Compare
Columbia Seligman Global Technology Z (CSGZX)1.63-1.8917.3311.27Compare

See top fund managers for Technology Category Funds

 

Compare Rydex Technology Inv Fund (RYTIX)Compare with Technology category ETFs

Some Technology ETFs for your consideration

ETFYear to DateOne YearThree Year
iShares North American Tech-Software (IGV)3.09%6.24%15.80%
PowerShares S&P SmallCap Info Tech ETF (PSCT)7.49%5.76%16.31%
iShares North American Tech (IGM)2.23%5.58%14.88%
SPDR Morgan Stanley Technology ETF (MTK)0.30%4.39%13.37%
Vanguard Information Technology ETF (VGT)1.95%1.19%14.39%

 

Graph of Rydex Technology Inv Fund (RYTIX) Net Asset TrackingRydex Technology Inv (RYTIX) Fund Net Asset

Track net asset change of Rydex Technology Inv fund (RYTIX)

DateNet Asset
05/2016$31.32M
03/2016$32.52M
02/2016$25.51M
More historic net asset information on Rydex Technology Inv Fund (RYTIX)

  

Graph of Rydex Technology Inv Fund (RYTIX) Portfolio TrackingRydex Technology Inv (RYTIX) Fund Portfolio Allocation

Track portfolio allocation change of Rydex Technology Inv fund (RYTIX)

DateCashStockBondOther
04/20160.79%99.21%0%0%
03/20160.54%99.47%0%0%
01/20162.32%97.68%0%0%
Click here to see more historic asset allocation information on Rydex Technology Inv Fund (RYTIX)

 

graph of Rydex Technology Inv Fund (RYTIX) Top 10 Position TrackingTop 10 Holdings in Rydex Technology Inv (RYTIX) Fund

Discover what Rydex Technology Inv Fund (RYTIX) manager is buying

Apr 29, 2016
Apple Inc. [3.08%]
Alphabet Inc. [3.02%]
Facebook, Inc. [2.72%]
Microsoft Corporation [2.71%]
Visa Inc. [2%]
Oracle Corporation Common Stock [1.81%]
Intel Corporation [1.68%]
International Business Machines [1.68%]
Cisco Systems, Inc. [1.66%]
Mastercard Incorporated Common [1.53%]

Mar 30, 2016
Apple Inc. [3.75%]
Alphabet Inc. [3.33%]
Microsoft Corporation [3.15%]
Facebook, Inc. [2.76%]
Visa Inc. [2.08%]
Oracle Corporation Common Stock [1.94%]
Intel Corporation [1.87%]
Cisco Systems, Inc. [1.8%]
International Business Machines [1.78%]
Mastercard Incorporated Common [1.52%]

Jan 30, 2016
Apple Inc. [3.38%]
Alphabet Inc. [3.27%]
Microsoft Corporation [3.09%]
Facebook, Inc. [2.72%]
Visa Inc. [1.89%]
Oracle Corporation Common Stock [1.85%]
Intel Corporation [1.68%]
International Business Machines [1.63%]
Cisco Systems, Inc. [1.53%]
Mastercard Incorporated Common [1.43%]
Click here for Stock Holding Change Map in Rydex Technology Inv Fund (RYTIX)

  

Latest News on Rydex Technology Inv (RYTIX) Fund

See what is happening with Rydex Technology Inv Fund (RYTIX)

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Rydex Technology Inv Fund (RYTIX) Related ResourcesSee more information on Rydex Technology Inv (RYTIX) Fund

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