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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Basic Materials Fund

RYBCX | Fund

$67.98

$26.6 M

2.57%

$1.75

2.43%

Vitals

YTD Return

8.8%

1 yr return

18.1%

3 Yr Avg Return

2.4%

5 Yr Avg Return

10.2%

Net Assets

$26.6 M

Holdings in Top 10

24.9%

52 WEEK LOW AND HIGH

$67.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.43%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 169.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Basic Materials Fund

RYBCX | Fund

$67.98

$26.6 M

2.57%

$1.75

2.43%

RYBCX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 10.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.27%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Basic Materials Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Jun 09, 2003
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Byrum

Fund Description

Under normal circumstances, the Fund invests substantially all (at least 80%) of its net assets in equity securities of Basic Materials Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. The Advisor employs a proprietary quantitative and qualitative methodology to identify Basic Materials Companies in which to invest. The methodology utilizes screens based on price, liquidity, and tradability. The securities are then weighted using a proprietary modified capitalization weighting methodology. The portfolio may be further adjusted to comply with regulatory investment limitations or as determined appropriate by the Advisor.The Fund may invest to a significant extent in the securities of Basic Materials Companies that have small to mid-sized capitalizations. Basic Materials Companies are engaged in the manufacture, mining, processing, or distribution of raw materials and intermediate goods used in the industrials sector, and may be involved in the production and transportation of metals, textiles, and wood products. The Fund also may purchase American Depositary Receipts (“ADRs”) to gain exposure to foreign Basic Materials Companies and U.S. government securities.Investments in derivative instruments, such as futures and options, have the economic effect of creating financial leverage in the Fund’s portfolio because such investments may give rise to losses that exceed the amount the Fund has invested in those instruments. Financial leverage will magnify, sometimes significantly, the Fund’s exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Fund’s portfolio. The value of the Fund’s portfolio is likely to experience greater volatility over short-term periods. While such financial leverage has the potential to produce greater gains, it also may result in greater losses, which in some cases may cause the Fund to liquidate other portfolio investments at a loss to comply with limits on leverage imposed by the Investment Company Act of 1940, satisfy margin or collateral requirements, or meet redemption requests.In an effort to ensure that the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. As of June 30, 2024, the Fund has significant exposure to the Materials Sector, as that sector is defined by the Global Industry Classification Standard, a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC. Also, as of June 30, 2024, the Fund’s investments are concentrated (i.e., more than 25% of its assets) in securities issued by companies in the Chemicals Industry and Metals & Mining Industry, separate industries within the Materials Sector.
Read More

RYBCX - Performance

Return Ranking - Trailing

Period RYBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -11.3% 27.6% 54.29%
1 Yr 18.1% -6.6% 30.5% 25.71%
3 Yr 2.4%* -21.1% 23.8% 72.55%
5 Yr 10.2%* 0.3% 36.4% 63.92%
10 Yr 6.5%* -6.0% 13.1% 36.14%

* Annualized

Return Ranking - Calendar

Period RYBCX Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -13.1% 52.1% 36.54%
2022 -12.0% -34.9% 34.0% 68.63%
2021 19.2% -4.9% 83.5% 80.00%
2020 16.1% -23.4% 126.4% 40.82%
2019 14.2% -25.1% 36.9% 44.33%

Total Return Ranking - Trailing

Period RYBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -11.3% 27.6% 54.29%
1 Yr 18.1% -6.6% 30.5% 25.71%
3 Yr 2.4%* -21.1% 23.8% 72.55%
5 Yr 10.2%* 0.3% 36.4% 63.92%
10 Yr 6.5%* -6.0% 13.1% 36.14%

* Annualized

Total Return Ranking - Calendar

Period RYBCX Return Category Return Low Category Return High Rank in Category (%)
2023 8.4% -12.2% 57.6% 34.62%
2022 -10.0% -32.2% 35.5% 72.55%
2021 22.2% -2.5% 83.6% 85.00%
2020 19.3% -22.2% 127.8% 34.69%
2019 20.6% -25.1% 37.6% 26.80%

NAV & Total Return History

RYBCX - Holdings

Concentration Analysis

RYBCX Category Low Category High RYBCX % Rank
Net Assets 26.6 M 1.31 M 6.25 B 92.38%
Number of Holdings 91 26 317 28.57%
Net Assets in Top 10 7 M 547 K 3.65 B 94.29%
Weighting of Top 10 24.85% 16.4% 76.1% 93.33%

Top 10 Holdings

  1. Linde plc 4.60%
  2. Freeport-McMoRan, Inc. 2.68%
  3. Sherwin-Williams Co. 2.64%
  4. Ecolab, Inc. 2.44%
  5. Air Products and Chemicals, Inc. 2.27%
  6. Newmont Corp. 2.22%
  7. CRH plc 2.18%
  8. Nucor Corp. 1.98%
  9. Corteva, Inc. 1.97%
  10. Dow, Inc. 1.88%

Asset Allocation

Weighting Return Low Return High RYBCX % Rank
Stocks 		99.48% 0.00% 100.12% 40.95%
Cash 		1.81% 0.00% 21.06% 53.33%
Other 		0.58% -0.08% 23.81% 7.62%
Preferred Stocks 		0.00% 0.00% 6.24% 35.24%
Convertible Bonds 		0.00% 0.00% 0.43% 28.57%
Bonds 		0.00% 0.00% 83.60% 32.38%

Stock Sector Breakdown

Weighting Return Low Return High RYBCX % Rank
Basic Materials 		80.82% 2.49% 100.00% 18.10%
Consumer Cyclical 		12.87% 0.00% 43.37% 5.71%
Industrials 		4.45% 0.00% 63.67% 50.48%
Healthcare 		1.01% 0.00% 22.67% 18.10%
Energy 		0.85% 0.00% 89.67% 65.71%
Utilities 		0.00% 0.00% 35.93% 62.86%
Technology 		0.00% 0.00% 17.68% 57.14%
Real Estate 		0.00% 0.00% 36.20% 44.76%
Financial Services 		0.00% 0.00% 4.52% 37.14%
Communication Services 		0.00% 0.00% 0.21% 24.76%
Consumer Defense 		0.00% 0.00% 33.96% 60.95%

Stock Geographic Breakdown

Weighting Return Low Return High RYBCX % Rank
US 		99.48% 0.00% 99.96% 14.29%
Non US 		0.00% 0.00% 89.12% 80.95%

RYBCX - Expenses

Operational Fees

RYBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.43% 0.08% 4.45% 5.71%
Management Fee 0.85% 0.00% 1.25% 70.48%
12b-1 Fee 1.00% 0.00% 1.00% 82.61%
Administrative Fee 0.25% 0.03% 0.25% 87.50%

Sales Fees

RYBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 38.46%

Trading Fees

RYBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RYBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 169.00% 4.00% 169.00% 97.70%

RYBCX - Distributions

Dividend Yield Analysis

RYBCX Category Low Category High RYBCX % Rank
Dividend Yield 2.57% 0.00% 12.19% 33.33%

Dividend Distribution Analysis

RYBCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

RYBCX Category Low Category High RYBCX % Rank
Net Income Ratio -0.27% -35.65% 6.21% 96.15%

Capital Gain Distribution Analysis

RYBCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

RYBCX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

Apr 01, 1998

24.18

24.2%

Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors， Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.

Ryan Harder

Start Date

Tenure

Tenure Rank

Mar 14, 2008

14.22

14.2%

Ryan A. Harder, CFA, Managing Director and Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.58 0.54

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