Switch to ADA Accessible Theme
Miami Investment Fraud Attorney
1 SE 3rd Ave # 1200
SunTrust International Center
Miami, Florida 33131

The Rydex Basic Commodities Fund Down Over 33% In 2014

The Rydex Basic Commodities Fund, which trades under the ticker symbols RYMEX, RYMBX, and RYMJX, is a non-diversified fund that seeks to match the daily performance of the S&P GSCI Commodity Index. GSCI stands for Goldman Sachs Commodity Index. The fund seeks to invest its assets in commodity-related securities, such as commodity pools, swaps, options, and derivatives. Additionally, the fund may invest up to 25% of its assets in a wholly-owned and controlled Cayman Islands subsidiary.

The fund has consistently had very poor performance. In 2014, the A-class shares, RYMEX, were down 33.89% for the year, and the 5-year average annual return is -10.45%.

The fund, managed by Ryan Harder and Michael Byrum, consists of other proprietary strategies, adding to the net fees and expenses. As of November 30, 2014, RYMEX had 20.61% of its assets invested in the Guggenheim Strategy II portfolio and 20.32% of its assets invested in the Guggenheim Strategy I portfolio. Rydex Funds is owned by Guggenheim Investments.

If your financial advisor or stockbroker recommended that you invest in the Rydex Basic Commodities Fund, you may have options to recover your investment loss. If your advisor failed to fully disclose the risks of investing in the Rydex Basic Commodities Fund, then you may have a claim for misrepresentation. If your investment objective was to only invest in safe and stable investments, you may have a claim for unsuitability. If the Rydex Basic Commodities Fund made up a large portion of your portfolio, then you may have a claim for over-concentration and lack of diversification. If your advisor purchased this fund without your knowledge, you may have a claim for unauthorized trading. If your advisor purchased this fund on margin, you may have a claim for excessive use of margin and negligence.

The attorneys at Carlson & Associates, P.A., located in Miami, Florida, represent investors who have lost money due to the improper conduct of financial advisors. If you would like to have a free consultation, we can be reached at (305) 372-9700 to discuss your options.

  • Super Lawyers
  • AV Preeminent
  • Million Dollar Advocates Forum
  • Judicial Edition 2021
  • Curtis Carlson 25th Anniversary
  • Curtis Carlson Judicial Edition 2022
  • Curtis Carlson Judicial Edition 2023
  • 2023 Judicial Edition Curtis Carlson
  • 2023 Martindale Hubbell Award Curtis Carlson


1 SE 3rd Ave #1200
Suntrust International Center
Miami, Florida 33131

Telephone: 305-372-9700
Fax: 305-372-8265

With Us

  • Facebook
  • Twitter
  • LinkedIn

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.Carlson-Law.net

MileMark Media - Practice Growth Solutions

© 2015 - 2023 Carlson & Associates, P.A. All rights reserved. This law firm website is managed by MileMark Media.