Rydex Banking Fund Class A (RYBKX)

83.01
Net Asset Value
+0.24%
1 Day
+5.49%
Year-to-Date
Overall Morningstar Rating
Financial
Style or Category
4.75
Sales Expenses
1.63%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective 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. The fund is non-diversified.

Performance

1 month+0.22% 3 years+13.15%
3 months+11.92% 5 years+12.10%
1 year+12.86% Since inception-0.00%
Data through --

Peer Comparisonvs. Financial

 RYBKXCategory
Performance 5-yr return+12.10%+15.47%
Expense ratio1.63%1.74%
Risk 5 year sharpe ratio0.811.06
Net assets$59.0M$496.0M
Average market cap$22.2B$3.8B
Average P/E17.111.5
Portfolio turnover907%907%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 19 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

U.S. stock79.58%
International stock13.30%
Fixed income6.30%
Cash0.82%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Top 10 Holdings
Portfolio weighting
WFC Wells Fargo3.85%
BAC Bank of America3.81%
JPM JPMorgan Chase3.77%
C Citigroup3.66%
USB U.S. Bancorp2.75%
PNC PNC Financial Services Group2.46%
BK Bank of New York2.18%
COF Capital One Financial2.09%
BBT BB&T Corp1.86%
STT State Street1.78%