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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

S&P 500 Fund

RYSOX | Fund

$90.65

$240 M

0.10%

$0.09

1.66%

Vitals

YTD Return

23.8%

1 yr return

30.1%

3 Yr Avg Return

7.9%

5 Yr Avg Return

13.6%

Net Assets

$240 M

Holdings in Top 10

35.3%

52 WEEK LOW AND HIGH

$90.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.66%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 268.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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

S&P 500 Fund

RYSOX | Fund

$90.65

$240 M

0.10%

$0.09

1.66%

RYSOX - Profile

Distributions

  • YTD Total Return 23.8%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.25%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    S&P 500 Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Jun 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Byrum

Fund Description

The Fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices. While the Fund may write (sell) and purchase swaps, it expects primarily to purchase swaps. Swap agreements and futures and options contracts enable the Fund to pursue its objective without investing directly in the securities included in the underlying index, or in the same proportion that those securities are represented in the underlying index. Certain of the Fund’s derivatives investments may be traded in the over-the-counter (“OTC”) market. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.Investments in derivative instruments, such as futures, options and swap agreements, 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.The S&P 500® Index is a capitalization-weighted index composed of 500 common stocks, which are chosen by the Standard & Poor’s Corporation on a statistical basis, and which generally represent large-capitalization companies with capitalizations ranging from $6.7 billion to $3.3 trillion as of June 30, 2024. Certain of the companies included in the S&P 500® Index may be structured as real estate investment trusts (“REITs”).To the extent the Fund’s underlying index is concentrated in a particular industry the Fund will necessarily be concentrated in that industry. The industries in which the underlying index components, and thus the Fund's investments, may be concentrated will vary as the composition of the underlying index changes over time. While the Fund’s sector exposure may vary over time, as of June 30, 2024, the Fund has significant exposure to the Consumer Discretionary Sector, Financials Sector, Health Care Sector, and Information Technology Sector, as each 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.On a day-to-day basis, the Fund may hold short-term U.S. government securities or cash equivalents. The Fund also may enter into repurchase agreements with counterparties that are deemed to present acceptable credit risks. 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. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
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RYSOX - Performance

Return Ranking - Trailing

Period RYSOX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.8% 3.5% 44.2% 46.52%
1 Yr 30.1% 6.0% 54.8% 54.63%
3 Yr 7.9%* -12.1% 15.9% 57.57%
5 Yr 13.6%* -8.1% 109.9% 57.07%
10 Yr 11.3%* -0.4% 52.4% 57.79%

* Annualized

Return Ranking - Calendar

Period RYSOX Return Category Return Low Category Return High Rank in Category (%)
2023 23.4% -42.6% 47.4% 24.61%
2022 -20.4% -56.3% -4.2% 40.77%
2021 25.1% -27.2% 537.8% 15.67%
2020 2.3% -22.5% 2181.7% 90.14%
2019 27.9% -13.5% 40.4% 22.69%

Total Return Ranking - Trailing

Period RYSOX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.8% 3.5% 44.2% 46.52%
1 Yr 30.1% 6.0% 54.8% 54.63%
3 Yr 7.9%* -12.1% 15.9% 57.57%
5 Yr 13.6%* -8.1% 109.9% 57.07%
10 Yr 11.3%* -0.4% 52.4% 57.79%

* Annualized

Total Return Ranking - Calendar

Period RYSOX Return Category Return Low Category Return High Rank in Category (%)
2023 24.1% -5.0% 47.4% 50.04%
2022 -19.5% -36.8% -2.2% 73.42%
2021 26.7% 3.0% 537.8% 50.83%
2020 16.2% -15.8% 2266.0% 55.97%
2019 29.1% -0.4% 241.3% 58.26%

NAV & Total Return History

RYSOX - Holdings

Concentration Analysis

RYSOX Category Low Category High RYSOX % Rank
Net Assets 240 M 2.34 M 1.55 T 80.26%
Number of Holdings 511 2 3963 12.02%
Net Assets in Top 10 84.6 M 880 K 517 B 80.75%
Weighting of Top 10 35.34% 0.3% 112.9% 58.65%

Top 10 Holdings

  1. Microsoft Corp. 7.02%
  2. NVIDIA Corp. 6.42%
  3. Apple, Inc. 6.42%
  4. Amazon.com, Inc. 3.74%
  5. Meta Platforms, Inc. 2.34%
  6. Alphabet, Inc. 2.26%
  7. Federal Home Loan Bank 2.08%
  8. Alphabet, Inc. 1.89%
  9. J.P. Morgan Securities LLC 1.63%
  10. Berkshire Hathaway, Inc. 1.56%

Asset Allocation

Weighting Return Low Return High RYSOX % Rank
Stocks 		96.87% 0.00% 105.85% 83.02%
Other 		2.92% -13.91% 100.00% 4.79%
Bonds 		2.37% 0.00% 94.06% 2.27%
Preferred Stocks 		0.00% 0.00% 2.53% 44.60%
Convertible Bonds 		0.00% 0.00% 5.54% 41.81%
Cash 		0.00% 0.00% 99.07% 96.43%

Stock Sector Breakdown

Weighting Return Low Return High RYSOX % Rank
Technology 		24.69% 0.00% 48.94% 39.87%
Healthcare 		14.29% 0.00% 52.29% 54.51%
Financial Services 		13.16% 0.00% 55.59% 65.34%
Consumer Cyclical 		11.21% 0.00% 30.33% 34.08%
Communication Services 		8.64% 0.00% 27.94% 45.16%
Industrials 		8.27% 0.00% 29.90% 65.92%
Consumer Defense 		7.33% 0.00% 47.71% 33.75%
Energy 		4.17% 0.00% 41.64% 47.56%
Real Estate 		2.92% 0.00% 31.91% 41.77%
Utilities 		2.87% 0.00% 20.91% 38.79%
Basic Materials 		2.44% 0.00% 25.70% 59.64%

Stock Geographic Breakdown

Weighting Return Low Return High RYSOX % Rank
US 		96.87% 0.00% 105.85% 72.62%
Non US 		0.00% 0.00% 64.54% 52.88%

Bond Sector Breakdown

Weighting Return Low Return High RYSOX % Rank
Derivative 		0.01% -1.75% 25.41% 16.35%
Cash & Equivalents 		0.00% 0.00% 100.00% 90.07%
Securitized 		0.00% 0.00% 52.16% 40.24%
Corporate 		0.00% 0.00% 100.00% 48.51%
Municipal 		0.00% 0.00% 2.10% 39.47%
Government 		0.00% 0.00% 100.00% 41.69%

Bond Geographic Breakdown

Weighting Return Low Return High RYSOX % Rank
US 		2.37% 0.00% 94.06% 2.27%
Non US 		0.00% 0.00% 14.23% 39.72%

RYSOX - Expenses

Operational Fees

RYSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.66% 0.01% 19.75% 11.37%
Management Fee 0.75% 0.00% 1.90% 88.41%
12b-1 Fee 0.25% 0.00% 1.00% 42.13%
Administrative Fee 0.25% 0.00% 0.85% 84.01%

Sales Fees

RYSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 1.00% 5.75% 83.10%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RYSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

RYSOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 268.00% 0.00% 268.00% 100.00%

RYSOX - Distributions

Dividend Yield Analysis

RYSOX Category Low Category High RYSOX % Rank
Dividend Yield 0.10% 0.00% 25.47% 76.63%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RYSOX Category Low Category High RYSOX % Rank
Net Income Ratio -0.25% -54.00% 2.44% 91.37%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RYSOX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

May 31, 2006

16.01

16.0%

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
0.04 39.02 7.24 2.42

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