Rydex Banking Fund Class Investor (RYKIX)

89.53
Net Asset Value
-0.63%
1 Day
+4.00%
Year-to-Date
Overall Morningstar Rating
Financial
Style or Category
No Load
Sales Expenses
1.38%
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+2.48% 3 years+11.24%
3 months-1.57% 5 years+10.78%
1 year+18.74% Since inception+0.50%
Data through --

Peer Comparisonvs. Financial

 RYKIXCategory
Performance 5-yr return+10.78%+12.74%
Expense ratio1.38%1.72%
Risk 5 year sharpe ratio0.700.88
Net assets$47.2M$492.3M
Average market cap$21.6B$4.1B
Average P/E18.09.9
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. stock85.14%
International stock14.55%
Cash2.67%
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 Chase3.92%
BAC Bank of America3.89%
C Citigroup3.81%
WFC Wells Fargo3.79%
USB U.S. Bancorp2.86%
PNC PNC Financial Services Group2.57%
BK Bank of New York2.37%
COF Capital One Financial2.06%
BBT BB&T Corp2.04%
STT State Street1.89%