Total returns on $10,000
Objective
The investment seeks to provide investment results that match, before fees and expenses, 200% of the inverse (opposite) of the performance of the NASDAQ-100 Index® on a daily basis.
The fund invests in short sales of securities generally included in the underlying index and investing in 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 opposite to the securities of companies included in the underlying index. The fund is non-diversified.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Morningstar category | Bear Market |
| Launch date | 23/05/2000 |
| Price currency | USD |
| Domicile | United States |
| Symbol | RYVNX |
| Manager & start date | Michael Byrum 08/05/2006 Michael Dellapa 08/05/2006 Ryan Harder 14/03/2008 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 62.42m USDAs of Apr 30 2013 |
| Net expense ratio | 1.79% |
| Front end load | -- |
| Deferred load | -- |
| Redemption fee | -- |
| Min. initial investment | 2,500 USD |
| Min. additional investment | -- |
| Initial IRA | 1,000.00 USD |
| Additional IRA | -- |
| Available for sale | United States |
Diversification
Asset type
Cash | 100.45% |
|---|---|
Bond | 0.00% |
US stock | 0.00% |
Non-US stock | 0.00% |
Other | -0.45% |
Top 5 sectors
Cash & Equivalents | 100.45% |
|---|
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| FNMA | -- | 15.93% | |
| FHLMC | -- | 15.93% |