• FirefoxUpgrade to the new Firefox »
  •  Dow Up0.15% Nasdaq Up0.36%

    Rydex Inverse Emerging Mkts 2X Strat C (RYWZX)

    17.41 Down 0.24(1.36%) Dec 19

    Profile as of Nov 29, 2014Get Profile for:
    Rydex Inverse Emerging Mkts 2X Strat C
    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:9.39M
    Year-to-Date Return:-19.78%
    Morningstar Rating:N/A
    Fund Inception Date:Oct 29, 2010
    Morningstar Style Box 
    Trading-Inverse Equity
    [View Category Definition]
    View Top Trading-Inverse Equity Funds
    About the Morningstar Style Box

    Style box information not available for RYWZX.

    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
    RYWZX can be purchased from 9 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 
    ExpenseRYWZXCategory Avg
    Annual Report Expense Ratio (net):2.46%1.93%
    Prospectus Net Expense Ratio:2.48%N/A
    Prospectus Gross Expense Ratio:2.48%N/A
    Max 12b1 Fee:1.00%N/A
    Max Front End Sales Load:N/A4.75%
    Max Deferred Sales Load: 1.00%1.00%
    3 Yr Expense Projection*:773778
    5 Yr Expense Projection*:1,3211,222
    10 Yr Expense Projection*:2,8162,452
    * Per $10,000 invested