Rydex Banking Fund Class H (RYKAX)

77.13
Net Asset Value
+1.71%
1 Day
+0.60%
Year-to-Date
Overall Morningstar Rating
Financial
Style or Category
No Load
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-4.16% 3 years+11.07%
3 months-5.72% 5 years+11.43%
1 year+16.95% Since inception-0.04%
Data through --

Peer Comparisonvs. Financial

 RYKAXCategory
Performance 5-yr return+11.43%+12.74%
Expense ratio1.63%1.73%
Risk 5 year sharpe ratio0.690.90
Net assets$48.6M$499.4M
Average market cap$19.8B$4.0B
Average P/E18.09.7
Portfolio turnover907%907%

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Fund Management and Purchase Info

Fund familyRydex Funds
Fund manager & tenureMichael Byrum / 20 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

U.S. stock84.64%
International stock14.79%
Cash0.85%
Fixed income0.00%
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
JPM JPMorgan Chase3.97%
BAC Bank of America3.91%
WFC Wells Fargo3.84%
C Citigroup3.78%
USB U.S. Bancorp2.87%
PNC PNC Financial Services Group2.68%
BK Bank of New York2.25%
COF Capital One Financial2.19%
BBT BB&T Corp2.02%
STT State Street1.90%