Rydex Banking Fund Class Investor (RYKIX)

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+0.21% 3 years+13.30%
3 months+6.16% 5 years+11.81%
1 year+14.42% Since inception+0.64%
Data through --

Peer Comparisonvs. Financial

Performance 5-yr return+11.81%+15.47%
Expense ratio1.38%1.75%
Risk 5 year sharpe ratio0.790.98
Net assets$61.1M$507.6M
Average market cap$23.3B$4.2B
Average P/E18.210.7
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. stock85.34%
International stock13.87%
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 America4.30%
JPM JPMorgan Chase4.24%
C Citigroup3.86%
WFC Wells Fargo3.84%
USB U.S. Bancorp2.89%
PNC PNC Financial Services Group2.80%
BK Bank of New York2.39%
COF Capital One Financial2.13%
BBT BB&T Corp2.09%
STT State Street2.01%