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Rydex Basic Materials Inv (RYBIX)

55.29 Down 0.17(0.31%) Jul 21

Profile as of Jun 29, 2014Get Profile for:
Rydex Basic Materials Inv
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville, MD 20850
Map
Phone: 800-820-0888
Fund Overview 
Category:Natural Resources
Fund Family:Rydex Funds
Net Assets:57.24M
Year-to-Date Return:8.12%
Yield:0.56%
Morningstar Rating:3 stars
Fund Inception Date:Apr 1, 1998
Morningstar Style Box 
Natural Resources
[View Category Definition]
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About the Morningstar Style Box
Management Information 
Michael P. Byrum
Lead Manager since Apr 1, 1998
Michael P. Byrum, Portfolio Manager of Security Investors. Mr. Byrum joined the Investment Manager in 2010. He was also the President and Chief Investment Officer of Rydex Investments since it was founded 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.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:N/A
Min Subsequent Investment:0
Min Subsequent Investment, IRA:0
Min Subsequent Investment, AIP:N/A
RYBIX can be purchased from 102 brokerages.

Fund Summary 
The investment seeks capital appreciation. The fund invests substantially all (at least 80%) of its net assets in equity securities of Basic Materials Companies that are traded in the United States and in derivatives. It will invest to a significant extent in the securities of Basic Materials Companies that have small to mid-sized capitalizations. Basic Materials Companies are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods used in the industrial sector, and may be involved in the production and transportation of metals, textiles, and wood products. The fund is non-diversified.

Fund Operations 
Last Dividend (Nov 25, 2013) : 0.31
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 17, 2014) : 349.00%
Average for Category:47.51%
Fees & Expenses 
ExpenseRYBIXCategory Avg
Annual Report Expense Ratio (net):1.38%1.45%
Prospectus Net Expense Ratio:1.36%N/A
Prospectus Gross Expense Ratio:1.36%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A5.24%
Max Deferred Sales Load: N/A1.89%
3 Yr Expense Projection*:431698
5 Yr Expense Projection*:7451,118
10 Yr Expense Projection*:1,6352,237
* Per $10,000 invested