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Rydex Variable S&p 500® 2x Strategy (0P00003DRY)

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437.190 +2.140    +0.49%
01/07 - Delayed Data. Currency in USD ( Disclaimer )
  • Morningstar Rating:
  • Total Assets: 27.69M
Type:  Fund
Market:  United States
Issuer:  Rydex Funds
Asset Class:  Equity
Rydex Variable S P 500 2x Strategy 437.190 +2.140 +0.49%

0P00003DRY Overview

 
On this page you'll find an in-depth profile of Rydex Variable S&p 500® 2x Strategy. Learn about the key management, total assets, investment strategy and contact information of 0P00003DRY among other information.
Category

Trading--Leveraged Equity

Total Assets

27.69M

Expenses

1.82%

Inception Date

Oct 01, 2001

Investment Strategy

The investment seeks to provide investment results that match, before fees and expenses, the performance of a specific benchmark on a daily basis. The fund's current benchmark is 200% of the performance of the S&P 500® Index (the "underlying index"). 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. It is non-diversified.

Contact Information

Address 9601 Blackwell Rd, Suite 500
Rockville,MD 20850
United States
Phone 800.820.0888

Top Executives

Name Title Since Until
Ryan A. Harder Graduate Trainee Risk Management 2008 Now
Biography Ryan earned a BA in Economics, with honors, from Brock University in Ontario, Canada, and a M.Sc. in International Securities, Investment and Banking form the ICMA Centre, University of Reading, in the United Kingdom. He is a CFA Charterholder.
Michael P. Byrum Vice President 2001 Now
Biography Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors, Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.
Michael J. Dellapa Director 2006 2014
Biography Dellapa joined Rydex Investments in 2000 as a research analyst and was promoted to portfolio manager in 2003. In 2005, Dellapa became director of investment research and in 2007 became the director of Alternative Investment Strategies. Prior to joining Rydex Advisors, LLC, Mr. Dellapa worked as an equity analyst for Invista Capital and systems analyst for Accenture. He holds an engineering degree from the University of Maryland and MBA from the University of Chicago. Previously, he was owner/consultant of Dellapa Consulting Inc. as well as a senior consultant and an analyst at Andersen Consulting. Dellapa holds the Charted Financial Analyst designation.
Douglas T. Holmes Strategic Advisor 2008 2009
Biography Doug is a Senior Principal of State Street Global Advisors and heads the Global Enhanced Equity Group. He specializes in portfolio construction, risk control, and implementation of enhanced equity portfolios. Doug is the co-inventor of SPDRs and continues to be involved in all related products discussed or created by the firm. Prior to joining State Street in 1984, Doug was a partner at Lovett, Ward & Bertelsen. Before this, he was affiliated with Batterymarch Financial Management and was a member of the New Product Committee of the American Stock Exchange. Doug has been working in the investment management industry since 1980. Doug has a BS in Mathematics from Northeastern University.
James R. King Director 2006 2008
Biography James R. King, CFA, Portfolio Manager—Mr. King rejoined Security in 2011 as the lead portfolio manager for exchange-traded products. In the interval between 2008 and 2011, he served as special consultant to a pair of hedge funds ventures, one focused on long-short equity and the other on market neutral statistical arbitrage. Prior to that, he served at the Advisor in a variety of roles ranging from shareholder services representative to portfolio manager and director of trading. At the time of his departure in 2008, he was director of portfolio management, overseeing a suite of trader-friendly mutual funds. Mr. King holds a bachelor’s degree in finance from the University of Maryland, and has earned the Chartered Financial Analyst® designation. He has been quoted in several publications such as The Wall Street Journal, Reuters and BusinessWeek. He has also been a speaker at several industry events, discussing ETFs, trading strategies, index construction, and trader-friendly mutual funds.
Charles J. Tennes executive Vice President 2001 2003
Biography Tennes joined GIT Investment Funds as a vice president in 1985. He became an executive vice president in August 1991. Tennes was born October 3, 1952 in Elkhart, Indiana.
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