Rydex Banking Fund Class C (RYKCX)
| Fund Assets | 27.06M |
| Expense Ratio | 2.41% |
| Min. Investment | $2,500 |
| Turnover | 233.00% |
| Dividend (ttm) | 3.33 |
| Dividend Yield | 4.05% |
| Dividend Growth | 169.83% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 82.88 |
| YTD Return | 10.45% |
| 1-Year Return | 29.40% |
| 5-Year Return | 106.96% |
| 52-Week Low | 62.56 |
| 52-Week High | 85.85 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Mar 30, 2001 |
About RYKCX
Rydex Banking Fund Class C is an open-end mutual fund that focuses on capital appreciation by investing primarily in companies operating within the banking sector. The fund targets a range of banking-related businesses, including commercial banks and their holding companies, aiming to capture the sector’s growth and performance trends. Its portfolio is composed of numerous holdings, providing exposure to both growth and value stocks across various market capitalizations within the banking industry. Rydex Banking Fund Class C is managed by a team at Security Investors, LLC, and is structured as a non-diversified fund, meaning it can allocate a larger portion of assets to select issuers compared to diversified funds. This concentration allows it to closely track the dynamics and innovations within the banking sector, making it significant for investors seeking focused exposure to the financial services industry. The fund may also invest in American Depositary Receipts (ADRs), introducing a degree of international exposure and currency fluctuation considerations. Overall, Rydex Banking Fund Class C stands out for its targeted approach within the financial sector and its adaptability to changes in the global banking landscape.
Performance
RYKCX had a total return of 29.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.45%.
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
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 |