Rydex Precious Metals Fund Class A (RYMNX)
| Fund Assets | 107.85M |
| Expense Ratio | 1.55% |
| Min. Investment | $2,500 |
| Turnover | 387.00% |
| Dividend (ttm) | 3.59 |
| Dividend Yield | 2.85% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 159.65 |
| YTD Return | 54.75% |
| 1-Year Return | 45.09% |
| 5-Year Return | 49.79% |
| 52-Week Low | 103.53 |
| 52-Week High | 161.61 |
| Beta (5Y) | n/a |
| Holdings | 40 |
| Inception Date | Sep 1, 2004 |
About RYMNX
Rydex Precious Metals Fund Class A is a mutual fund specializing in equity investments within the precious metals sector. Its primary objective is capital appreciation, achieved by investing at least 80% of its net assets in U.S. and foreign companies that are actively engaged in the exploration, mining, or processing of precious metals such as gold, silver, platinum, and palladium. The fund maintains a concentrated portfolio, with a significant portion of assets allocated to major industry players in the basic materials sector, including mining corporations and royalty companies. It may also utilize American Depositary Receipts (ADRs) to access foreign issuers, allowing for global diversification within the sector. As an actively managed fund, Rydex Precious Metals Fund Class A plays a niche role in the financial markets by offering targeted exposure to companies that drive the precious metals industry, which can be influenced by macroeconomic factors, commodity prices, and global demand for metals.
Performance
RYMNX had a total return of 45.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.02%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGDAX | Fidelity | Fidelity Advisor Gold Fund - Class A | 0.97% |
| FGDCX | Fidelity | Fidelity Advisor Gold Fund - Class C | 1.72% |
| FGDIX | Fidelity | Fidelity Advisor Gold Fund - Class I | 0.72% |
| FIJDX | Fidelity | Fidelity Advisor Gold Fund - Class Z | 0.60% |
| FGDTX | Fidelity | Fidelity Advisor Gold Fund - Class M | 1.22% |
Top 10 Holdings
58.18% of assets| Name | Symbol | Weight |
|---|---|---|
| Agnico Eagle Mines Limited | AEM | 8.77% |
| Newmont Corporation | NEM | 8.57% |
| Freeport-McMoRan Inc. | FCX | 7.25% |
| Wheaton Precious Metals Corp. | WPM | 6.90% |
| Barrick Mining Corporation | B | 6.02% |
| Kinross Gold Corporation | K | 4.37% |
| Franco-Nevada Corporation | FNV | 4.25% |
| AngloGold Ashanti plc | AU | 4.25% |
| Gold Fields Ltd ADR | EDG.DE | 3.92% |
| Alamos Gold Inc. | AGI | 3.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2023 | $3.59452 | Dec 12, 2023 |
| Dec 20, 2022 | $7.28636 | Dec 20, 2022 |
| Dec 9, 2021 | $7.82236 | Dec 9, 2021 |
| Dec 10, 2020 | $1.51167 | Dec 10, 2020 |
| Dec 11, 2019 | $2.24536 | Dec 11, 2019 |
| Dec 12, 2018 | $0.97582 | Dec 12, 2018 |