About RYCNX
The Rydex Transportation Fund is a sector-specific mutual fund focused on capital appreciation by investing primarily in companies engaged in the transportation industry. This includes firms providing transportation services as well as those involved in the design, manufacture, distribution, or sale of transportation equipment. The fund typically holds a concentrated portfolio, allocating at least 80% of its net assets to equities within this sector, spanning industries such as railroads, airlines, shipping, logistics, automotive manufacturing, and related infrastructure. This non-diversified structure means the fund may invest a significant portion of assets in a small number of issuers, increasing both potential reward and risk exposure within the sector. Managed by Security Investors, LLC, and distributed by Guggenheim Investments, the fund is notable for offering targeted exposure to an economic segment that is closely linked to broader industrial activity and economic cycles. Its annual dividend distribution and higher expense ratio reflect its specialized investment approach and active management style, serving investors seeking to participate directly in the performance of the transportation sector.
Fund Family Rydex Funds
Category Industrials
Performance Rating Low
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol RYCNX
Share Class Class C
Index S&P 500 TR
RYCNX had a total return of 8.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.58%.
