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Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 3 Trading-Miscellaneous 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 7.03 percent over the past year, -5.99 percent over the past three years, and -1.34 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||0.2%|
|3 Years (Annualized)||-6.0%|
|5 Years (Annualized)||-1.3%|
|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. The U.S. Dollar Index® measures the performance of the U.S. dollar against a basket of foreign currencies that include the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The fund is non-diversified.
Fees are High compared to funds in the same category.
Rydex Weakening Dollar 2x Strategy Fund has an expense ratio of 2.52 percent.
Risk is N/A compared to funds in the same category according to Morningstar.