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Rydex S&P MidCap 400 Pure Value C (RYMMX)

65.57 +1.24 (+1.93%)
As of 8:06 AM EST. Market Open.

Fund Summary

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The index is composed of those constituents of the S&P MidCap 400? that exhibit the strongest value characteristics as measured using three factors: the ratios of book value, earnings, and sales to price. The fund is non-diversified.

Rydex S&P MidCap 400 Pure Value C

Rockville, MD 20850
9601 Blackwell Road,Suite 500

Fund Overview

Category Small Value
Fund Family Rydex Funds
Net Assets 6.43M
YTD Return 0.84%
Yield 0.48%
Morningstar Rating
Inception Date Sep 01, 2004

Fund Operations

Last Dividend 0.29
Last Cap Gain 14.00
Holdings Turnover 868.00%
Average for Category --

Fees & Expenses

Expense RYMMX Category Average
Annual Report Expense Ratio (net) 2.31% 1.16%
Prospectus Net Expense Ratio 2.31% --
Prospectus Gross Expense Ratio 2.33% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.35%
Max Deferred Sales Load -- 1.15%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Michael P. Byrum, Lead Manager since February 20, 2004
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. When necessary, we may change a category assignment based on recent changes to the portfolio.

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