Rydex Inverse NASDAQ-100 Strategy C
Rydex Series Funds9601 Blackwell Road,Suite 500Rockville, MD 20850
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Phone: 800-820-0888
| Category: | Bear Market | | Fund Family: | Guggenheim Investments | | Net Assets: | 17.93M | | Year-to-Date Return: | -3.64% | | Yield: | 0.00% | | Morningstar Rating: | N/A | | Fund Inception Date: | Mar 6, 2001 |
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Michael P. Byrum
Lead Manager since Sep 2, 1998 | | | 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. |
| 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 |
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| The investment seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis.
The fund employs as its investment strategy a program of engaging in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. It may hold U.S. government securities or cash equivalents to collateralize its short sales and derivative positions. The fund is non-diversified. |
| Last Dividend
(Dec 3, 2008)
:
| 0.37 | | Last Cap Gain
:
| N/A | | Annual Holdings Turnover
(Oct 5, 2010)
:
| 1,157.00% | | Average for Category: | 501.50% |
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| Expense | RYACX | Category Avg |
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| Annual Report Expense Ratio (net): | 2.45% | 1.94% | | Prospectus Net Expense Ratio: | 2.45% | N/A | | Prospectus Gross Expense Ratio: | 2.45% | N/A | | Max 12b1 Fee: | 1.00% | N/A | | Max Front End Sales Load: | N/A | 4.88% | | Max Deferred Sales Load:
| 1.00% | 1.00% | | 3 Yr Expense Projection*: | 764 | 773 | | 5 Yr Expense Projection*: | 1,306 | 1,275 | | 10 Yr Expense Projection*: | 2,786 | 2,645 |
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0.01(0.14%) May 21