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Rydex Inverse Emerging Mkts 2X Strat H (RYWYX)

13.88 Down 1.18(7.84%) Nov 21

Profile as of Oct 30, 2014Get Profile for:
Rydex Inverse Emerging Mkts 2X Strat H
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville, MD 20850
Phone: 800-820-0888
Fund Overview 
Category:Trading-Inverse Equity
Fund Family:Rydex Funds
Net Assets:19.19M
Year-to-Date Return:-21.00%
Morningstar Rating:N/A
Fund Inception Date:Oct 29, 2010
Morningstar Style Box 
Trading-Inverse Equity
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Management Information 
Michael J. Dellapa
Lead Manager since Oct 29, 2010
Dellapa joined Rydex Investments in 2000 as a research analyst and was promoted to portfolio manager in 2003. In 2005, Dellapa became director of investment research and in 2007 became the director of Alternative Investment Strategies. Prior to joining Rydex Advisors, LLC, Mr. Dellapa worked as an equity analyst for Invista Capital and systems analyst for Accenture. He holds an engineering degree from the University of Maryland and MBA from the University of Chicago. Previously, he was owner/consultant of Dellapa Consulting Inc. as well as a senior consultant and an analyst at Andersen Consulting. Dellapa holds the Charted Financial Analyst designation.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
RYWYX can be purchased from 35 brokerages.

Fund Summary 
The investment seeks to provide investment results that correlate, before fees and expenses, to 200% of the inverse (opposite) of the performance of the BNY Mellon Emerging Markets 50 ADR Index on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in leveraged derivatives instruments. It invests at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to the securities of companies included in the underlying index. The fund is non-diversified.

Fund Operations 
Last Dividend : N/A
Last Cap Gain : N/A
Annual Holdings Turnover : N/A
Average for Category:2,705.00%
Fees & Expenses 
ExpenseRYWYXCategory Avg
Annual Report Expense Ratio (net):1.76%1.93%
Prospectus Net Expense Ratio:1.78%N/A
Prospectus Gross Expense Ratio:1.78%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A4.75%
Max Deferred Sales Load: N/A1.00%
3 Yr Expense Projection*:560778
5 Yr Expense Projection*:9641,222
10 Yr Expense Projection*:2,0952,452
* Per $10,000 invested