Rydex and here is what they told me:
Each fund can have 4 or 5 different classes, each with its own ticker
(tickers are similar but usually one letter is different), so you need to
make sure you buy the ticker for the correct class. As individual investors,
we will want to make sure we are buying the ticker for Class I shares, or
for certain funds which have no Class I, then we should buy Class H. These
have the least fees and are designed specifically for individual investors.
Other classes are designed for institutions, etc, and have more fees built
in. The Morningstar links posted earlier are for class A and/or C shares
(see the letter following the name), which are not the class we should/could
buy.
The tickers/fees I used in the spreadsheet are for Class I/H, so they are
correct for us. Rydex recommends to always download the prospectus and use
those numbers - if the numbers should change after going to print, they will
attach a notice and will directly notify current shareholders. She also
mentioned that the fees have not changed in years and they have no plans to
change them.
Steve
------ Original Message -----
From: "MailYahoo" <[EMAIL PROTECTED]>
To: <[email protected]>
Sent: Thursday, May 25, 2006 2:46 PM
Subject: RE: [amibroker] Re: Leveraged/Inverse Funds
I trade Profunds and Rydex on a regular basis
There are not Fees charged by the funds themselves
Mark
-----Original Message-----
From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf
Of blueinvestor
Sent: Thursday, May 25, 2006 2:39 PM
To: [email protected]
Subject: [amibroker] Re: Leveraged/Inverse Funds
I am not sure which fund you are looking at but:
http://quicktake.morningstar.com/Fund/Fees.asp?Country=USA&Symbol=RYIDX&fdta
b=fees
4.75% Sales Charge and 1.69% Expense Ratio would mean there are fees ...
--- In [email protected], "MailYahoo" <[EMAIL PROTECTED]> wrote:
>
> Profunds and Rydex have no management fees
>
> ONLY fees that one pays is if the Brokerage house you are using
charges you
> the fee
>
> If you trade direct there is no fee at all ever
>
>
>
> Mark
>
>
>
> _____
>
> From: [email protected] [mailto:[EMAIL PROTECTED]
On Behalf
> Of Jason Hart
> Sent: Thursday, May 25, 2006 11:47 AM
> To: [email protected]
> Subject: RE: [amibroker] Leveraged/Inverse Funds
>
>
>
> It's the mgmt fee no? What is up with the fees on the Direxion
> family....WOW! I presume they have loads baked into the number so
that the
> 8.94% fee includes a 6.95% load and 2% mgmt fee??
>
>
>
> Thanks for sharing Steve, nice job!
>
> dingo <[EMAIL PROTECTED]> wrote:
>
> Who's charging fees on Profunds and Rydex?
>
>
>
> Plus if you eliminate the blank columns within the data it will make
sorting
> a little easier: All you would have to do is position the cursor in
a cell
> below the heading and the do the sort.
>
>
>
> d
>
>
>
>
> _____
>
>
> From: [email protected] [mailto:[EMAIL PROTECTED]
On Behalf
> Of Steve Dugas
> Sent: Thursday, May 25, 2006 10:44 AM
> To: Yahoo - AmiBroker
> Subject: [amibroker] Leveraged/Inverse Funds
>
> Hi All,
>
>
>
> If anyone is interested in leveraged/inverse funds, here is a
spreadsheet I
> put together yesterday with some useful info for comparing
> Rydex/Profunds/Direxion funds. Performance is not included because I am
> looking at them with an eye toward actively trading them. Info comes
from
> most recent fact sheets/prospectus/annual reports. Sort columns in
any order
> to compare them, but select all columns first so they sort in sync (
unless
> you know an easier way and then please let *me* know... 8 - )
>
>
>
> Steve
>
>
>
> _____
>
> New Yahoo! Messenger with Voice. Call
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