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Name

As of 11/20/2024

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

Banking Fund

RYBKX | Fund

$97.09

$27.9 M

1.26%

$1.23

1.69%

Vitals

YTD Return

29.7%

1 yr return

51.2%

3 Yr Avg Return

2.6%

5 Yr Avg Return

7.1%

Net Assets

$27.9 M

Holdings in Top 10

33.0%

52 WEEK LOW AND HIGH

$97.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.69%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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

Banking Fund

RYBKX | Fund

$97.09

$27.9 M

1.26%

$1.23

1.69%

RYBKX - Profile

Distributions

  • YTD Total Return 29.7%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.77%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Banking Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Jun 21, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • 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 Banking 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 Banking 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 Banking Companies that have small to mid-sized capitalizations. Banking Companies may be engaged in a variety of activities, including accepting deposits and making commercial and consumer loans, and include state-chartered banks, savings and loan institutions, banks that are members of the Federal Reserve System, companies that are commonly considered banks or to be engaged in banking activities, and companies that may be significantly involved in multiple sectors, including the banking sector. The Fund also may purchase American Depositary Receipts (“ADRs”) to gain exposure to foreign Banking Companies and U.S. government securities. Under U.S. Securities and Exchange Commission regulations, the Fund may not invest more than 5% of its total assets in the equity securities of any company that derives more than 15% of its revenues from brokerage or investment management activities.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 Financials 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 Banks Industry, a separate industry within the Financials Sector.
Read More

RYBKX - Performance

Return Ranking - Trailing

Period RYBKX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.7% 5.8% 43.0% 62.92%
1 Yr 51.2% 9.5% 67.1% 29.21%
3 Yr 2.6%* -20.1% 19.5% 76.40%
5 Yr 7.1%* -6.1% 22.5% 83.15%
10 Yr 6.5%* -0.7% 15.9% 87.67%

* Annualized

Return Ranking - Calendar

Period RYBKX Return Category Return Low Category Return High Rank in Category (%)
2023 0.9% -12.2% 29.3% 82.02%
2022 -19.9% -56.2% 9.4% 64.04%
2021 32.6% 1.6% 54.4% 31.46%
2020 -11.4% -41.2% 61.3% 79.78%
2019 27.3% 10.5% 97.3% 32.58%

Total Return Ranking - Trailing

Period RYBKX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.7% 5.8% 43.0% 62.92%
1 Yr 51.2% 9.5% 67.1% 29.21%
3 Yr 2.6%* -20.1% 19.5% 76.40%
5 Yr 7.1%* -6.1% 22.5% 83.15%
10 Yr 6.5%* -0.7% 15.9% 87.67%

* Annualized

Total Return Ranking - Calendar

Period RYBKX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -8.5% 32.0% 84.27%
2022 -17.0% -56.2% 11.4% 66.29%
2021 33.4% 18.8% 56.8% 48.31%
2020 -8.5% -41.2% 61.3% 82.02%
2019 28.2% 15.1% 101.7% 48.31%

NAV & Total Return History

RYBKX - Holdings

Concentration Analysis

RYBKX Category Low Category High RYBKX % Rank
Net Assets 27.9 M 1.54 M 37.7 B 93.33%
Number of Holdings 80 24 407 28.09%
Net Assets in Top 10 8.2 M 657 K 21.2 B 88.76%
Weighting of Top 10 32.96% 12.9% 76.5% 74.16%

Top 10 Holdings

  1. Citigroup, Inc. 4.02%
  2. JPMorgan Chase Co. 3.97%
  3. Wells Fargo Co. 3.92%
  4. Bank of America Corp. 3.84%
  5. PNC Financial Services Group, Inc. 3.19%
  6. U.S. Bancorp 3.13%
  7. Truist Financial Corp. 2.97%
  8. Capital One Financial Corp. 2.90%
  9. Bank of New York Mellon Corp. 2.72%
  10. NU Holdings Limited/Cayman Islands 2.30%

Asset Allocation

Weighting Return Low Return High RYBKX % Rank
Stocks 		97.85% 92.97% 100.72% 71.91%
Preferred Stocks 		0.95% 0.00% 3.05% 3.37%
Cash 		0.76% 0.00% 24.47% 57.30%
Other 		0.44% -0.55% 3.97% 7.87%
Convertible Bonds 		0.00% 0.00% 0.00% 35.96%
Bonds 		0.00% 0.00% 2.80% 43.82%

Stock Sector Breakdown

Weighting Return Low Return High RYBKX % Rank
Financial Services 		100.00% 46.33% 100.00% 8.99%
Utilities 		0.00% 0.00% 0.00% 35.96%
Technology 		0.00% 0.00% 43.13% 60.67%
Real Estate 		0.00% 0.00% 40.95% 66.29%
Industrials 		0.00% 0.00% 5.08% 50.56%
Healthcare 		0.00% 0.00% 0.20% 39.33%
Energy 		0.00% 0.00% 0.00% 35.96%
Communication Services 		0.00% 0.00% 4.06% 40.45%
Consumer Defense 		0.00% 0.00% 4.21% 37.08%
Consumer Cyclical 		0.00% 0.00% 42.54% 47.19%
Basic Materials 		0.00% 0.00% 0.00% 35.96%

Stock Geographic Breakdown

Weighting Return Low Return High RYBKX % Rank
US 		97.85% 0.00% 100.72% 47.19%
Non US 		0.00% 0.00% 99.42% 59.55%

RYBKX - Expenses

Operational Fees

RYBKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.08% 13.33% 28.09%
Management Fee 0.85% 0.03% 1.25% 66.67%
12b-1 Fee 0.25% 0.00% 1.00% 38.64%
Administrative Fee 0.25% 0.10% 0.25% 46.15%

Sales Fees

RYBKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 3.50% 5.75% 69.23%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RYBKX 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.

RYBKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 406.00% 98.02%

RYBKX - Distributions

Dividend Yield Analysis

RYBKX Category Low Category High RYBKX % Rank
Dividend Yield 1.26% 0.00% 11.71% 68.89%

Dividend Distribution Analysis

RYBKX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

RYBKX Category Low Category High RYBKX % Rank
Net Income Ratio 0.77% -0.76% 10.57% 66.29%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RYBKX - 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
0.08 25.42 9.61 4.58

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