Rydex / SGI Mid Cap Value A (SEVAX) Fund

Domestic stock mutual funds are majority part of investor portfolio. One of this best domestic stock fund is Rydex / SGI Mid Cap Value A fund. This best fund invests mainly in small cap stocks. Details about the fund review can be found below.

Rydex / SGI Mid Cap Value A (MUTF: SEVAX)

Rydex / SGI Mid Cap Value
The Rydex / SGI Mid Cap Value fund is seeking long-term growth of capital. The fund generally invests >80% of net assets in equity securities of companies that, when purchased, have market capitalizations that are similar to those of companies in the Russell 2500 Value Index. This Rydex|SGI fund may invest a portion of its assets in options and futures contracts.

This SEVAX fund has $1.53 billion net assets. This fund is in the Small Value category. The annual expense ratio of this fund is 1.37%. The fund dividend yield is 0.22%. This fund does have 0.25% management fee and 5.75% front-end sales load fee. This fund is currently managed by James P. Schier. He has been with this fund since its inception in May 1997. The benchmark of this fund is Russell 2500 Value Index.

This best fund has gotten 4 stars rating from Morningstar. It has a YTD return of 2.41%. This Rydex fund has returned 17.25% over the past year, 9.62% over the past 3 year, 6.06% over the past five year, and 10.55% over the past decade. The best 1-year total return was achieved in 2003 with 51.83%. The 3-years beta of this fund is 0.99.

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The minimum balanced to invest in the regular brokerage account of this SEVAX fund is $100. This top fund can be purchased from a selection of 83 brokerages, include JP Morgan, Schwab Retail, Td Ameritrade, etc. This fund has performed in 11 years of positive achievement and 2 years of negative return. The other classes of this fund are Class B (SVSBX) and Class C (SEVSX) that was introduced to public in January 1999.

As of June 2011, the top sectors of this Rydex fund are Industrials (20.23%), Financials (17.17%), Consumer Discretionary (10.84%), Utilities (10.4%) and Energy (10.34%). The top ten holdings as of June 2011 are Hanover Insurance Group (2.90%), Cabela’s Inc (2.78%), Computer Sciences Corporation (2.76%), IXYS Corporation (2.36%), Bemis Company Inc (2.29%), American Financial Group Inc (2.11%), GeoEye Inc (2.09%), Berkley Corporation (2.01%), SandRidge Energy Inc (2.00%) and JM Smucker Company (1.98%).

Disclosure: No Position


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