Rydex Banking Fund Class H (RYKAX)
| Fund Assets | 8.66M |
| Expense Ratio | 1.65% |
| Min. Investment | $2,500 |
| Turnover | 280.00% |
| Dividend (ttm) | 4.04 |
| Dividend Yield | 3.75% |
| Dividend Growth | 21.31% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2025 |
| Previous Close | 109.80 |
| YTD Return | 4.76% |
| 1-Year Return | 21.23% |
| 5-Year Return | 65.64% |
| 52-Week Low | 69.96 |
| 52-Week High | 109.80 |
| Beta (5Y) | 0.98 |
| Holdings | 82 |
| Inception Date | Apr 1, 1998 |
About RYKAX
The Guggenheim Rydex Banking Fund is an open-end mutual fund focused on providing capital appreciation by investing primarily in companies engaged in the banking sector. This includes commercial banks and their holding companies, positioning the fund to capture trends, performance, and structural changes within the broader financial services industry. The fund adopts a sector-specific approach, allowing investors to target exposure to banking-related equities while leveraging the expertise of a team-managed investment process. The fund is part of Guggenheim Investments' Rydex series, known for offering specialized and flexible sector strategies. By concentrating its holdings in the banking sector, the fund plays a distinctive role in the market by serving investors seeking to align portfolios with the financial sector’s dynamics, performance cycles, and regulatory developments. Given its focus, the fund is particularly sensitive to shifts in interest rates, credit markets, and economic cycles, which are central to banking industry profitability and growth.
Performance
RYKAX had a total return of 21.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.85%.
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 Portfolio | 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
35.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Citigroup Inc. | C | 4.21% |
| JPMorgan Chase & Co. | JPM | 4.09% |
| Capital One Financial Corporation | COF | 4.07% |
| Bank of America Corporation | BAC | 4.06% |
| Wells Fargo & Company | WFC | 4.02% |
| U.S. Bancorp | USB | 3.11% |
| The PNC Financial Services Group, Inc. | PNC | 3.06% |
| The Bank of New York Mellon Corporation | BK | 3.03% |
| Truist Financial Corporation | TFC | 2.69% |
| Nu Holdings Ltd. | NU | 2.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2025 | $4.03649 | Dec 16, 2025 |
| 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 |