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.
Fund Family Rydex Funds
Category Equity Precious Metals
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol RYMNX
Share Class Class A
Index S&P 500 TR
RYMNX had a total return of 52.60% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.66%.
