Rydex Europe Advantage Fund Class C (RYCEX)
| Fund Assets | 3.00M |
| Expense Ratio | 2.42% |
| Min. Investment | $2,500 |
| Turnover | 1,595.00% |
| Dividend (ttm) | 11.97 |
| Dividend Yield | 13.31% |
| Dividend Growth | 1,506.30% |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 89.92 |
| YTD Return | 19.26% |
| 1-Year Return | 6.00% |
| 5-Year Return | 65.22% |
| 52-Week Low | 74.72 |
| 52-Week High | 104.43 |
| Beta (5Y) | 1.08 |
| Holdings | 60 |
| Inception Date | May 10, 2001 |
About RYCEX
The Rydex Europe 1.25x Strategy Fund Class C is a non-diversified mutual fund designed to provide amplified exposure to large-cap European equities. The fund’s primary objective is to deliver 1.25 times the daily performance of the STOXX Europe 50 Index, which represents a cross-section of blue-chip companies spanning key sectors across Europe's developed markets. By employing leverage, the fund seeks to enhance daily returns compared to standard, unleveraged European equity funds. Managed by Security Investors, LLC, the fund allows for a more concentrated allocation by investing a greater portion of its assets in individual issuers. This strategy is intended for investors seeking tactical, short- to medium-term exposure to European equity market movements. The fund distributes income on an annual basis, carries a net expense ratio of 2.42%, and is subject to heightened volatility and risk due to its use of leverage and non-diversified structure. The Rydex Europe 1.25x Strategy Fund Class C is notable for its role in giving investors a tool to express directional views on European equities with a magnified effect relative to traditional funds, making it a specialized instrument within the mutual fund universe.
Performance
RYCEX had a total return of 6.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.26%.
Top 10 Holdings
69.70% of assets| Name | Symbol | Weight |
|---|---|---|
| J.P. Morgan Securities Llc | n/a | 27.17% |
| Bofa Securities, Inc. | n/a | 20.82% |
| Cash | n/a | 6.50% |
| First American Government Obligations Fund | FGXXX | 4.05% |
| SAP SE | SAP | 2.07% |
| Nestlé S.A. | NSRGY | 2.00% |
| ASML Holding N.V. | ASML | 1.97% |
| Roche Holding AG | RHHBY | 1.74% |
| AstraZeneca PLC | AZN | 1.72% |
| Shell plc | SHEL | 1.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $11.96903 | Dec 12, 2024 |
| Dec 12, 2023 | $0.74513 | Dec 12, 2023 |
| Dec 9, 2020 | $4.55411 | Dec 9, 2020 |
| Dec 10, 2019 | $0.44033 | Dec 10, 2019 |
| Dec 11, 2018 | $6.30238 | Dec 11, 2018 |
| Dec 12, 2017 | $0.24348 | Dec 12, 2017 |