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October 07, 2009 |Comments: 0
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Rydex Inverse S&P 500 Strategy Inv (RYURX) was incepted in January 1994. The investment seeks to provide investment results that inversely correlate to daily performance of the S&P 500 Index.

The fund normally invests in financial instruments with economic characteristics that should perform opposite to those of its underlying index. It is non-diversified.

Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has outstripped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.

Rydex Transportation Inv (RYPIX) seeks capital appreciation by investing in companies engaged in providing transportation services or those engaged in design, manufacture, distribution, or sale of transportation equipment.

The fund invests in securities that are traded in the United States, as well as in futures and options contracts. It has an expense ratio of 1.38%.

The fund’s key holdings include United Parcel Service Inc. (UPS - Analyst Report), Union Pacific Corp. (UNP - Analyst Report) and Burlington Northern Santa Fe Corp. (BNI - Analyst Report).

Rydex Electronics Inv (RYSIX) seeks capital appreciation. It primarily invests in equity securities that are traded in the United States, as well as in futures and options contracts.

The fund focuses on electronics companies, including semiconductor manufacturers and distributions, and makers and vendors of other electronic components and devices. It distributes dividends and capital gains, if any, annually.

Michael P. Byrum has been lead manager at the fund since its inception in April 1998. Before joining Rydex Investments, Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds Inc.

Read the full analyst report on RYURX

Read the full analyst report on RYPIX

Read the full analyst report on RYSIX

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