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Rydex Banking Fund Class C (RYKCX)

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 may 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+6.36% 3 years+10.76%
3 months+10.23% 5 years+12.18%
1 year+10.68% Since inception+0.62%
Data through --

Peer Comparisonvs. Financial

Performance 5-yr return+12.18%+15.05%
Expense ratio2.37%1.73%
Risk 5 year sharpe ratio0.801.12
Net assets$58.7M$459.5M
Average market cap$21.5B$39.8B
Average P/E16.916.7
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


U.S. stock85.69%
International stock14.02%
Fixed income0.28%
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 America4.27%
JPM JPMorgan Chase4.18%
WFC Wells Fargo4.15%
C Citigroup3.99%
USB U.S. Bancorp3.05%
PNC PNC Financial Services Group2.65%
COF Capital One Financial2.32%
BK Bank of New York2.30%
BBT BB&T Corp2.12%
STT State Street1.82%