3 3 1 3 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
U.S. News evaluated 22 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -8.21 percent over the past year, -0.36 percent over the past three years, and -5.28 percent over the past five years.
|Trailing Returns||Updated 04.30.2013|
|Year to date||-5.3%|
|3 Years (Annualized)||-0.4%|
|5 Years (Annualized)||-5.3%|
|10 Years (Annualized)||N/A|
The investment seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the U.S. Dollar Index® on a daily basis. The fund employs as its investment strategy a program of engaging in short sales of securities generally included in the underlying index and investing in derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, securities indices, and futures contracts. It may hold U.S. government securities or cash equivalents to collateralize its derivative positions. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Rydex Weakening Dollar 2x Strategy Fund has an expense ratio of 1.70 percent.
Risk is N/A compared to funds in the same category according to Morningstar.