Banking Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
23.1%
1 yr return
23.6%
3 Yr Avg Return
2.1%
5 Yr Avg Return
5.0%
Net Assets
$27.9 M
Holdings in Top 10
36.0%
52 WEEK LOW AND HIGH
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 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RYBKX - Profile
Distributions
- YTD Total Return 23.1%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 5.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.77%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBanking Fund
-
Fund Family NameGuggenheim
-
Inception DateJun 21, 2005
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Byrum
Fund Description
RYBKX - Performance
Return Ranking - Trailing
Period | RYBKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 23.1% | 3.4% | 37.8% | 65.17% |
1 Yr | 23.6% | 3.4% | 42.5% | 68.54% |
3 Yr | 2.1%* | -15.5% | 17.5% | 79.78% |
5 Yr | 5.0%* | -6.8% | 20.9% | 86.52% |
10 Yr | 6.0%* | -0.6% | 14.9% | 86.30% |
* 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 | 23.1% | 3.4% | 37.8% | 65.17% |
1 Yr | 23.6% | 3.4% | 42.5% | 68.54% |
3 Yr | 2.1%* | -15.5% | 17.5% | 79.78% |
5 Yr | 5.0%* | -6.8% | 20.9% | 86.52% |
10 Yr | 6.0%* | -0.6% | 14.9% | 86.30% |
* 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 | 52.8 B | 92.22% |
Number of Holdings | 82 | 24 | 407 | 26.97% |
Net Assets in Top 10 | 1.68 M | 657 K | 22.7 B | 93.26% |
Weighting of Top 10 | 35.98% | 12.4% | 76.5% | 62.92% |
Top 10 Holdings
- Citigroup, Inc. 4.50%
- Wells Fargo Co. 4.35%
- JPMorgan Chase Co. 4.23%
- Bank of America Corp. 4.19%
- PNC Financial Services Group, Inc. 3.57%
- U.S. Bancorp 3.49%
- Capital One Financial Corp. 3.15%
- Truist Financial Corp. 3.12%
- Bank of New York Mellon Corp. 3.01%
- NU Holdings Limited/Cayman Islands 2.36%
Asset Allocation
Weighting | Return Low | Return High | RYBKX % Rank | |
---|---|---|---|---|
Stocks | 106.77% | 95.73% | 106.77% | 1.12% |
Cash | 1.49% | 0.07% | 24.47% | 46.07% |
Preferred Stocks | 1.11% | 0.00% | 3.05% | 2.25% |
Other | 0.04% | -0.92% | 1.47% | 14.61% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 2.25% |
Bonds | 0.00% | 0.00% | 3.85% | 13.48% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RYBKX % Rank | |
---|---|---|---|---|
Financial Services | 100.00% | 46.33% | 100.00% | 1.12% |
Utilities | 0.00% | 0.00% | 0.00% | 2.25% |
Technology | 0.00% | 0.00% | 43.13% | 43.82% |
Real Estate | 0.00% | 0.00% | 40.95% | 43.82% |
Industrials | 0.00% | 0.00% | 5.08% | 32.58% |
Healthcare | 0.00% | 0.00% | 0.20% | 7.87% |
Energy | 0.00% | 0.00% | 0.00% | 2.25% |
Communication Services | 0.00% | 0.00% | 4.06% | 8.99% |
Consumer Defense | 0.00% | 0.00% | 4.21% | 4.49% |
Consumer Cyclical | 0.00% | 0.00% | 42.54% | 25.84% |
Basic Materials | 0.00% | 0.00% | 0.00% | 2.25% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RYBKX % Rank | |
---|---|---|---|---|
US | 106.77% | 0.00% | 106.77% | 1.12% |
Non US | 0.00% | 0.00% | 99.42% | 43.82% |
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% | 65.56% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 34.09% |
Administrative Fee | 0.25% | 0.10% | 0.25% | 30.77% |
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 | 3.80% | 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
Date | Amount | Type |
---|---|---|
Dec 12, 2024 | $3.327 | OrdinaryDividend |
Dec 12, 2023 | $1.233 | OrdinaryDividend |
Dec 20, 2022 | $2.592 | OrdinaryDividend |
Dec 08, 2021 | $0.496 | OrdinaryDividend |
Dec 09, 2020 | $2.258 | OrdinaryDividend |
Dec 10, 2019 | $0.515 | OrdinaryDividend |
Dec 11, 2018 | $1.581 | OrdinaryDividend |
Dec 12, 2017 | $0.311 | OrdinaryDividend |
Nov 15, 2016 | $0.312 | OrdinaryDividend |
Nov 17, 2015 | $0.289 | OrdinaryDividend |
Nov 18, 2014 | $0.423 | OrdinaryDividend |
Nov 26, 2013 | $0.609 | OrdinaryDividend |
Nov 26, 2012 | $0.153 | OrdinaryDividend |
Nov 28, 2011 | $0.052 | OrdinaryDividend |
Nov 24, 2010 | $0.120 | OrdinaryDividend |
Dec 02, 2008 | $1.274 | OrdinaryDividend |
Nov 28, 2007 | $0.974 | OrdinaryDividend |
Dec 06, 2006 | $0.751 | OrdinaryDividend |
Dec 22, 2005 | $1.626 | OrdinaryDividend |
Nov 22, 2004 | $2.580 | OrdinaryDividend |
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 |