• FirefoxTry Yahoo Finance on Firefox »
  •  Dow Up1.09% Nasdaq Up0.98%

    Rydex Inverse High Yield Strategy H (RYIHX)

    19.45 Down 0.07(0.36%) Jul 28

    Profile as of Jun 29, 2015Get Profile for:
    Rydex Inverse High Yield Strategy H
    Rydex Series Funds9601 Blackwell Road,Suite 500Rockville, MD 20850
    Phone: 800-820-0888
    Fund Overview 
    Category:Trading-Inverse Debt
    Fund Family:Rydex Funds
    Net Assets:55.70M
    Year-to-Date Return:-2.44%
    Morningstar Rating:N/A
    Fund Inception Date:Apr 16, 2007
    Morningstar Style Box 
    Trading-Inverse Debt
    [View Category Definition]
    View Top Trading-Inverse Debt Funds
    About the Morningstar Style Box

    Style box information not available for RYIHX.

    Management Information 
    Michael P. Byrum
    Lead Manager since Apr 16, 2007
    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:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    RYIHX can be purchased from 77 brokerages.

    Fund Summary 
    The investment seeks to provide investment results that inversely correlate, before fees and expenses, to the performance of the high yield bond market. The fund invests in credit default swaps, futures and other financial instruments with economic characteristics opposite to that of the high yield bond market as represented by U.S. and Canadian high yield bonds. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments that in combination should provide inverse exposure to the U.S. and Canadian high yield bond markets. The fund is non-diversified.

    Fund Operations 
    Last Dividend : N/A
    Last Cap Gain (Dec 17, 2009) : 0.39
    Annual Holdings Turnover (Oct 5, 2010) : 784.00%
    Average for Category:1,036.33%
    Fees & Expenses 
    ExpenseRYIHXCategory Avg
    Annual Report Expense Ratio (net):1.51%1.89%
    Prospectus Net Expense Ratio:1.52%N/A
    Prospectus Gross Expense Ratio:1.52%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*:480880
    5 Yr Expense Projection*:8291,459
    10 Yr Expense Projection*:1,8133,009
    * Per $10,000 invested