RYBIX - Rydex Basic Materials Fund Class Investor

Nasdaq - Nasdaq Delayed Price. Currency in USD

Rydex Basic Materials Fund Class Investor

Rydex Series Funds

9601 Blackwell Road,Suite 500

Rockville, MD 20850

800-820-0888
Management information
Michael P. Byrum,Lead manager since 31 March 1998
Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors, Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryNatural Resources
Fund familyRydex Funds
Net assets23.57M
YTD return-8.89%
Yield1.60%
Morningstar rating★★★★
Inception date31 Mar 1998

Fund operations

Last dividend0.91
Last cap gain0.00
Holdings turnover67.00%
Average for categoryN/A

Fees and expenses

ExpenseRYBIXCategory average
Annual report expense ratio (net)1.47%1.35%
Prospectus net expense ratio1.47%N/A
Prospectus gross expense ratio1.47%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A5.19%
Max deferred sales loadN/A1.44%
3-yr expense projection465N/A
5-yr expense projection803N/A
10-yr expense projection1,757N/A