Rydex Banking Fund Class A (RYBKX)
| Fund Assets | 27.06M |
| Expense Ratio | 1.65% |
| Min. Investment | $2,500 |
| Turnover | 233.00% |
| Dividend (ttm) | 3.33 |
| Dividend Yield | 3.21% |
| Dividend Growth | 169.83% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 99.48 |
| YTD Return | 10.89% |
| 1-Year Return | 30.38% |
| 5-Year Return | 114.92% |
| 52-Week Low | 74.94 |
| 52-Week High | 101.89 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Sep 1, 2004 |
About RYBKX
Rydex Banking Fund Class A is a mutual fund focused on capital appreciation by investing primarily in companies operating within the banking sector. The fund targets a broad range of banking-related businesses, including commercial banks and their holding companies, making it highly concentrated in the financial industry. Managed by a team at Security Investors, LLC, the fund takes a non-diversified approach, which allows it to allocate a larger portion of its assets into select issuers compared to diversified funds, potentially increasing both return potential and sector-specific risk. With a history dating back to 2004, it offers annual distributions when applicable and maintains a net expense ratio of 1.65%. The fund typically holds a substantial number of individual positions, with recent reports indicating 84 holdings and total assets of approximately $27 million. Rydex Banking Fund Class A serves investors seeking targeted exposure to the banking sector, providing an option to directly participate in the performance trends of the U.S. and global banking industries.
Performance
RYBKX had a total return of 30.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.95%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFSIX | Fidelity | Fidelity Advisor Financials Fund - Class I | 0.77% |
| FSRBX | Fidelity | Fidelity Select Banking | 0.71% |
| FSPCX | Fidelity | Fidelity Select Insurance Portfolio | 0.69% |
| FIKBX | Fidelity | Fidelity Advisor Financials Fund - Class Z | 0.64% |
| FSVLX | Fidelity | Fidelity Select FinTech Portfolio | 0.75% |
Top 10 Holdings
34.38% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. | JPM | 4.25% |
| Wells Fargo & Company | WFC | 4.07% |
| Citigroup Inc. | C | 3.97% |
| Bank of America Corporation | BAC | 3.97% |
| Capital One Financial Corporation | COF | 3.30% |
| Nu Holdings Ltd. | NU | 3.19% |
| U.S. Bancorp | USB | 3.02% |
| The PNC Financial Services Group, Inc. | PNC | 2.99% |
| The Bank of New York Mellon Corporation | BK | 2.94% |
| Truist Financial Corporation | TFC | 2.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $3.32733 | Dec 12, 2024 |
| Dec 12, 2023 | $1.23313 | Dec 12, 2023 |
| Dec 20, 2022 | $2.5922 | Dec 20, 2022 |
| Dec 8, 2021 | $0.49619 | Dec 8, 2021 |
| Dec 9, 2020 | $2.25783 | Dec 9, 2020 |
| Dec 10, 2019 | $0.51476 | Dec 10, 2019 |