Rydex Banking Inv (RYKIX)
66.81
-1.44
(-2.11%)
USD |
Mar 23 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.36% | 6.097M | 3.80% | 501.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -9.402M | -32.84% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions ("Banking Companies"). The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | RYKIX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Financial |
| Category Index | S&P 1500 Financials TR |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | Specialty - Financial |
| Fund Owner Firm Name | Rydex Funds |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Michael Byrum | 24.93 yrs |
| Adrian Bachman | 0.65 yrs |
| Brendan Cain | 0.65 yrs |
| Scott Miller | 0.65 yrs |
| Spencer Crane | 0.65 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category Low
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Category High
1 Year
% Rank:
28
-9.402M
-8.898B
Category Low
804.86M
Category High
3 Months
% Rank:
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Category High
3 Years
% Rank:
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6 Months
% Rank:
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Category High
5 Years
% Rank:
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Category High
YTD
% Rank:
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Category Low
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Category High
10 Years
% Rank:
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As of February 28, 2023
Risk
Performance Versus Category
As of March 22, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 22, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Wells Fargo & Co | 4.09% | 36.61 | -1.59% |
| Bank of America Corp | 4.05% | 26.97 | -2.42% |
| JPMorgan Chase & Co | 3.90% | 126.84 | -0.27% |
| Citigroup Inc | 3.56% | 43.45 | -0.59% |
| U.S. Bancorp | 3.04% | 35.06 | 0.78% |
| Truist Financial Corp | 2.89% | 32.57 | 0.25% |
| PNC Financial Services Group Inc | 2.77% | 122.13 | -1.82% |
| Capital One Financial Corp | 2.47% | 89.91 | -1.21% |
| Apollo Global Management Inc Class A | 2.25% | 57.70 | -2.09% |
| Bank of New York Mellon Corp | 2.17% | 43.24 | -1.62% |
Basic Info
| Investment Strategy | |
| The investment seeks to provide capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions ("Banking Companies"). The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | RYKIX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Financial |
| Category Index | S&P 1500 Financials TR |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | Specialty - Financial |
| Fund Owner Firm Name | Rydex Funds |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Michael Byrum | 24.93 yrs |
| Adrian Bachman | 0.65 yrs |
| Brendan Cain | 0.65 yrs |
| Scott Miller | 0.65 yrs |
| Spencer Crane | 0.65 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-22-23) | 3.80% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield (3-23-23) | Upgrade |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 9.596 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of February 28, 2023
Fund Details
| Key Dates | |
| Inception Date | 4/1/1998 |
| Last Annual Report Date | 3/31/2022 |
| Last Prospectus Date | 8/19/2022 |
| Share Classes | |
| RYBKX | A |
| RYKAX | Adv |
| RYKCX | C |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |