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Trending ETFs

Emerging Markets 2x Strategy Fund

mutual fund
RYWUX
Payout Change
Pending
Price as of:
$70.67 +1.71 +2.48%
primary theme
Leveraged Equity
RYWUX (Mutual Fund)

Emerging Markets 2x Strategy Fund

Payout Change
Pending
Price as of:
$70.67 +1.71 +2.48%
primary theme
Leveraged Equity
RYWUX (Mutual Fund)

Emerging Markets 2x Strategy Fund

Payout Change
Pending
Price as of:
$70.67 +1.71 +2.48%
primary theme
Leveraged Equity

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$70.67

$2.98 M

1.78%

$1.21

2.68%

Vitals

YTD Return

37.5%

1 yr return

71.2%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

4.4%

Net Assets

$2.98 M

Holdings in Top 10

78.9%

52 WEEK LOW AND HIGH

$69.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.68%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 266.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$70.67

$2.98 M

1.78%

$1.21

2.68%

RYWUX - Profile

Distributions

  • YTD Total Return 37.5%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.55%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Emerging Markets 2x Strategy Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Oct 29, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Harder

Fund Description

The Fund invests principally in securities of companies included in the underlying index and in derivative instruments which primarily consist of equity index swaps and swaps on exchange-traded funds (“ETFs”), futures contracts, and options on securities, futures contracts, and stock indices. Swap agreements and futures and options contracts, if used properly, may enable the Fund to meet its objective by increasing the Fund’s exposure to the securities included in the underlying index or to securities whose performance is highly correlated to that of the Fund's benchmark. While the Fund may write (sell) and purchase swaps, it expects primarily to purchase swaps. The Advisor attempts to consistently apply leverage to increase the Fund's exposure to 200% of the underlying index, and expects to rebalance the Fund's holdings daily to maintain such exposure. As a result, the Fund’s use of derivatives and the leveraged investment exposure created by such use is expected to be significant. Certain of the Fund’s derivatives investments may be traded in the over-the-counter (“OTC”) market. The Fund also may invest in ETFs that provide exposure to emerging market countries and in American Depositary Receipts (“ADRs”) to gain exposure to the Fund's benchmark. While the Fund anticipates investing in these instruments to seek to achieve its investment objective, the extent of the Fund’s investment in these instruments may vary from day to day depending on a number of different factors, including price, availability, and general market conditions. Under normal circumstances, the Fund will invest 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 Fund's benchmark.Investments in derivative instruments, such as futures, options and swap agreements, have the economic effect of creating financial leverage in the Fund’s portfolio because such investments may give rise to losses that exceed the amount the Fund has invested in those instruments. Financial leverage will magnify, sometimes significantly, the Fund’s exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Fund’s portfolio. The value of the Fund’s portfolio is likely to experience greater volatility over short-term periods. While such financial leverage has the potential to produce greater gains, it also may result in greater losses, which in some cases may cause the Fund to liquidate other portfolio investments at a loss to comply with limits on leverage imposed by the Investment Company Act of 1940, satisfy margin or collateral requirements, or meet redemption requests.The S&P Emerging 50 ADR Index is a capitalization weighted index comprised of the 50 largest emerging market based ADRs having a free-float market capitalization ranging from approximately $4.5 billion to $901.6 billion as of June 30, 2024. The Fund's investments may expose the Fund to the risk of fluctuations in the value of foreign currencies in comparison to the U.S. dollar. The Fund generally does not intend to hedge such foreign currency exposure. To the extent the Fund’s underlying index is concentrated in a particular industry the Fund will necessarily be concentrated in that industry. As of June 30, 2024, the underlying index components, and thus the Fund’s investments, are concentrated (i.e., more than 25% of its assets) in securities issued by companies in the Banks Industry, a separate industry within the Financials Sector, Broadline Retail Industry, a separate industry within the Consumer Discretionary Sector, and Semiconductors & Semiconductor Equipment Industry, a separate industry within the Information Technology Sector. The industries in which the underlying index components, and thus the Fund’s investments, may be concentrated will vary as the composition of the underlying index changes over time.Also, while the Fund’s sector exposure may vary over time, as of June 30, 2024, the Fund has significant exposure to the Communication Services Sector, Consumer Discretionary Sector, Financials Sector, Information Technology Sector, and Materials Sector, as each sector is defined by the Global Industry Classification Standard, a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC.On a day-to-day basis, the Fund may hold U.S. government securities or cash equivalents. The Fund also may enter into repurchase agreements with counterparties that are deemed to present acceptable credit risks. In an effort to ensure that the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
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RYWUX - Performance

Return Ranking - Trailing

Period RYWUX Return Category Return Low Category Return High Rank in Category (%)
YTD 37.5% -57.1% 149.6% 24.05%
1 Yr 71.2% -17.5% 212.6% 32.91%
3 Yr -1.5%* -50.9% 54.6% 65.19%
5 Yr 4.4%* -40.7% 60.2% 76.92%
10 Yr 0.0%* -40.6% 43.9% 87.68%

* Annualized

Return Ranking - Calendar

Period RYWUX Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -56.9% 257.9% 70.25%
2022 -38.3% -91.0% 124.5% 47.47%
2021 -36.9% -79.4% 168.2% 94.30%
2020 44.1% -97.4% 132.6% 20.25%
2019 46.3% -53.1% 229.8% 47.44%

Total Return Ranking - Trailing

Period RYWUX Return Category Return Low Category Return High Rank in Category (%)
YTD 37.5% -57.1% 149.6% 24.05%
1 Yr 71.2% -17.5% 212.6% 32.91%
3 Yr -1.5%* -50.9% 54.6% 65.19%
5 Yr 4.4%* -40.7% 60.2% 76.92%
10 Yr 0.0%* -40.6% 43.9% 87.68%

* Annualized

Total Return Ranking - Calendar

Period RYWUX Return Category Return Low Category Return High Rank in Category (%)
2023 20.6% -55.8% 259.6% 62.66%
2022 -38.3% -91.0% 130.7% 50.63%
2021 -36.9% -79.4% 168.2% 94.30%
2020 44.1% -97.4% 132.6% 20.89%
2019 47.2% -52.7% 231.9% 45.51%

NAV & Total Return History


RYWUX - Holdings

Concentration Analysis

RYWUX Category Low Category High RYWUX % Rank
Net Assets 2.98 M 1.73 M 22.2 B 95.81%
Number of Holdings 55 5 2009 50.00%
Net Assets in Top 10 2.18 M 1.08 M 8.68 B 90.74%
Weighting of Top 10 78.92% 13.2% 185.3% 20.37%

Top 10 Holdings

  1. J.P. Morgan Securities LLC 28.90%
  2. BofA Securities, Inc. 22.78%
  3. Taiwan Semiconductor Manufacturing Company Ltd. 9.05%
  4. Alibaba Group Holding Ltd. 4.16%
  5. HDFC Bank Ltd. 3.69%
  6. PDD Holdings, Inc. 2.94%
  7. ICICI Bank Ltd. 2.21%
  8. Infosys Ltd. 2.11%
  9. First American Government Obligations Fund - Class X 1.74%
  10. Vale S.A. 1.35%

Asset Allocation

Weighting Return Low Return High RYWUX % Rank
Other
50.84% -7.39% 99.69% 6.79%
Stocks
42.39% 0.00% 375.12% 82.72%
Cash
4.78% 0.00% 87.81% 45.06%
Preferred Stocks
1.99% 0.00% 1.99% 1.23%
Convertible Bonds
0.00% 0.00% 0.32% 64.20%
Bonds
0.00% 0.00% 37.59% 64.20%

Stock Sector Breakdown

Weighting Return Low Return High RYWUX % Rank
Technology
29.45% 0.00% 100.00% 22.40%
Consumer Cyclical
23.29% 0.00% 94.15% 14.40%
Financial Services
16.68% 0.00% 100.00% 15.20%
Basic Materials
12.02% 0.00% 100.00% 8.00%
Communication Services
10.12% 0.00% 100.00% 25.60%
Energy
3.59% 0.00% 100.00% 33.60%
Consumer Defense
2.08% 0.00% 52.46% 52.00%
Healthcare
1.18% 0.00% 100.00% 62.40%
Industrials
1.17% 0.00% 100.00% 58.40%
Real Estate
0.44% 0.00% 100.00% 39.20%
Utilities
0.00% 0.00% 100.00% 73.60%

Stock Geographic Breakdown

Weighting Return Low Return High RYWUX % Rank
US
42.39% 0.00% 375.12% 82.72%
Non US
0.00% 0.00% 20.00% 64.20%

RYWUX - Expenses

Operational Fees

RYWUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.68% 0.68% 5.63% 14.56%
Management Fee 0.90% 0.00% 0.95% 96.41%
12b-1 Fee 1.00% 0.00% 1.00% 90.55%
Administrative Fee 0.25% 0.03% 0.25% 97.14%

Sales Fees

RYWUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load 1.00% 1.00% 1.00% 100.00%

Trading Fees

RYWUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RYWUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 266.00% 0.00% 266.00% 95.83%

RYWUX - Distributions

Dividend Yield Analysis

RYWUX Category Low Category High RYWUX % Rank
Dividend Yield 1.78% 0.00% 18.26% 18.56%

Dividend Distribution Analysis

RYWUX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annual

Net Income Ratio Analysis

RYWUX Category Low Category High RYWUX % Rank
Net Income Ratio -0.55% -2.77% 2.92% 47.47%

Capital Gain Distribution Analysis

RYWUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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RYWUX - Fund Manager Analysis

Managers

Ryan Harder


Start Date

Tenure

Tenure Rank

Oct 29, 2010

11.59

11.6%

Ryan A. Harder, CFA, Managing Director and Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.

Michael Byrum


Start Date

Tenure

Tenure Rank

Oct 29, 2010

11.59

11.6%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.79 28.9 9.84 8.67