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Rydex Banking Fund Class H (RYKAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
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 will invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations. The fund is non-diversified.


1 month+3.69% 3 years+11.88%
3 months+4.18% 5 years+8.15%
1 year-0.82% Since inception-1.90%
Data through --

Peer Comparisonvs. Financial

Performance 5-yr return+8.15%+9.70%
Expense ratio1.60%2.79%
Risk 5 year sharpe ratio0.470.74
Net assets$29.9M$286.8M
Average market cap$17.7B$27.3B
Average P/E13.915.1
Portfolio turnover583%583%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 17 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


U.S. stock78.77%
International stock20.70%
Fixed income0.00%
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
BAC Bank of America4.06%
C Citigroup4.00%
WFC Wells Fargo3.98%
JPM JPMorgan Chase3.96%
USB U.S. Bancorp2.97%
BK Bank of New York2.40%
PNC PNC Financial Services Group2.35%
COF Capital One Financial2.30%
BBT BB&T Corp1.87%
STT State Street1.81%