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Morningstar

Rydex Russell 2000 A RYRRX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 47.19  /  2.45 %
  • Total Assets 26.6 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.600%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.00
  • Turnover 76%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 1:36 AM GMT+00:00

Morningstar’s Analysis RYRRX

Will RYRRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RYRRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RYRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of RYRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Rydex Russell 2000 A's Average Process and People Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

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