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RYIRX - Rydex Inverse Russell 2000 2x Strategy H

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Rydex Inverse Russell 2000 2x Strategy H (RYIRX)
Expense Ratio: 1.97%
Expected Lifetime Fees: $53,096.47


The Rydex Inverse Russell 2000 2x Strategy H fund (RYIRX) is a Bear Market fund started on 5/31/2006 and has $28.50 million in assets under management. The current manager has been running Rydex Inverse Russell 2000 2x Strategy H since 6/20/2006. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 0.25%

MarketRiders Prefers The Following ETF

Short S&P500 ProShares (SH)
Expense Ratio: 0.90%
Expected Lifetime Fees: $27,080.06


The Short S&P500 ProShares (SH) is an Exchange Traded Fund. It is a "basket" of securities that index the Bear Market investment strategy and is an alternative to a Bear Market mutual fund. Fees are very low compared to a comparable mutual fund like Rydex Inverse Russell 2000 2x Strategy H because computers automatically manage the stocks.




The Following Bear Market Funds Have Lower Fees Than Rydex Inverse Russell 2000 2x Strategy H (RYIRX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Comstock Capital Value A DRCVX 368.0% 129 1.60%
Comstock Capital Value AAA COMVX 368.0% 129 1.60%
Federated Prudent Bear A BEARX 473.0% 1,200 1.81%
Federated Prudent Bear Instl PBRIX 473.0% 1,200 1.51%
Grizzly Short GRZZX 0.0% 191 1.55%
PIMCO StocksPLUS TR Short Strat A PSSTZ 635.0% 1,900 1.04%
PIMCO StocksPLUS TR Short Strat C PSSCX 635.0% 1,900 1.79%
PIMCO StocksPLUS TR Short Strat D PSSDX 635.0% 1,900 1.04%
PIMCO StocksPLUS TR Short Strat Instl PSTIX 635.0% 1,900 0.64%
PIMCO StocksPLUS TR Short Strat P PSPLX 635.0% 1,900 0.74%
Purisima All-Purpose Fund PURLX 0.0% 49,000 1.50%



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Why Are These Metrics Important?


Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.

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