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RYCVX Rydex Dow 2x Strategy H

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Fund RYCVX Rydex Dow 2x Strategy H
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Similarity
?
100%
Annual Fees
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$199.13
(1.82% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 9.41% annual return
$85,686.70
Est. savings over 30 yrs
Return
As of 10/31/16
1 YR RETURN 6.37%
3 YR 11.38%
5 YR 18.87%
10 YR 6.02%
Description
The investment seeks to provide investment results that match, before fees and expenses, 200% of the performance of the Dow Jones Industrial Average® on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. The fund is non-diversified.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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