Rydex Mid-Cap 1.5x Strategy Fund

Scorecard
2 / 5 Stars
Lipper
3 4 1 4 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B (Buy)

U.S. News evaluated 45 Trading-Leveraged Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 28.80 percent over the past year, 15.49 percent over the past three years, 33.45 percent over the past five years, and 8.76 percent over the past decade.

Trailing Returns Updated 03.31.2014
Year to date 3.6%
1 Year 28.8%
3 Years (Annualized) 15.5%
5 Years (Annualized) 33.4%
10 Years (Annualized) 8.8%

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Summary

The investment seeks investment results that correlate, before fees and expenses, to 150% of the performance of the S&P MidCap 400® Index for mid-cap securities on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are within the capitalization range of the underlying index and derivative instruments. It invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies included in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The fund is non-diversified.

Fees

Fees are High compared to funds in the same category.
Rydex Mid-Cap 1.5x Strategy Fund has an expense ratio of 2.40 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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