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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

Technology Fund

RYTHX | Fund

$192.45

$49.4 M

0.00%

1.68%

Vitals

YTD Return

23.6%

1 yr return

33.5%

3 Yr Avg Return

4.3%

5 Yr Avg Return

17.3%

Net Assets

$49.4 M

Holdings in Top 10

33.0%

52 WEEK LOW AND HIGH

$191.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.68%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 175.00%

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

Technology Fund

RYTHX | Fund

$192.45

$49.4 M

0.00%

1.68%

RYTHX - Profile

Distributions

  • YTD Total Return 23.6%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 17.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.96%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Technology 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 Technology 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 Technology 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 Technology Companies that have small to mid-sized capitalizations. Technology Companies are companies that the Advisor believes have, or will develop, products, processes, or services that will provide technological advances and improvements. These companies may include, for example, companies that develop, produce or distribute products or services in the computer, semiconductor, electronics and communications sectors. Technology Companies also may include companies that are significantly involved in multiple sectors, including the technology sector. The Fund also may purchase American Depositary Receipts (“ADRs”) to gain exposure to foreign Technology 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 Communication Services 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. 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 Semiconductors & Semiconductor Equipment Industry and Software Industry, separate industries within the Information Technology Sector.
Read More

RYTHX - Performance

Return Ranking - Trailing

Period RYTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -20.7% 60.5% 58.64%
1 Yr 33.5% -13.7% 78.8% 57.73%
3 Yr 4.3%* -33.7% 17.9% 58.33%
5 Yr 17.3%* -10.7% 32.3% 52.00%
10 Yr 15.9%* 1.2% 26.8% 61.44%

* Annualized

Return Ranking - Calendar

Period RYTHX Return Category Return Low Category Return High Rank in Category (%)
2023 45.1% -5.6% 96.9% 51.60%
2022 -39.8% -73.9% -16.4% 52.31%
2021 11.9% -44.6% 51.5% 37.67%
2020 46.8% 5.5% 154.1% 40.30%
2019 39.1% -3.0% 63.7% 30.37%

Total Return Ranking - Trailing

Period RYTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -20.7% 60.5% 58.64%
1 Yr 33.5% -13.7% 78.8% 57.73%
3 Yr 4.3%* -33.7% 17.9% 58.33%
5 Yr 17.3%* -10.7% 32.3% 52.00%
10 Yr 15.9%* 1.2% 26.8% 61.44%

* Annualized

Total Return Ranking - Calendar

Period RYTHX Return Category Return Low Category Return High Rank in Category (%)
2023 49.2% -2.3% 96.9% 51.60%
2022 -36.3% -67.5% -5.9% 52.31%
2021 20.8% -17.8% 59.2% 36.28%
2020 49.5% 17.5% 157.5% 50.25%
2019 39.8% 7.5% 66.9% 49.74%

NAV & Total Return History

RYTHX - Holdings

Concentration Analysis

RYTHX Category Low Category High RYTHX % Rank
Net Assets 49.4 M 4.67 M 81.2 B 87.33%
Number of Holdings 126 10 321 7.24%
Net Assets in Top 10 24.4 M 1.67 M 56.8 B 87.78%
Weighting of Top 10 33.02% 13.2% 100.0% 90.05%

Top 10 Holdings

  1. Microsoft Corp. 5.62%
  2. Apple, Inc. 5.32%
  3. NVIDIA Corp. 5.10%
  4. Alphabet, Inc. 4.71%
  5. Meta Platforms, Inc. 3.48%
  6. Broadcom, Inc. 2.41%
  7. Adobe, Inc. 1.69%
  8. Salesforce, Inc. 1.61%
  9. Advanced Micro Devices, Inc. 1.60%
  10. First American Government Obligations Fund - Class X 1.47%

Asset Allocation

Weighting Return Low Return High RYTHX % Rank
Stocks 		96.18% 0.00% 100.77% 85.97%
Cash 		3.22% 0.00% 26.97% 22.62%
Other 		0.60% -0.04% 26.87% 12.22%
Preferred Stocks 		0.00% 0.00% 8.61% 95.48%
Convertible Bonds 		0.00% 0.00% 0.40% 95.02%
Bonds 		0.00% 0.00% 87.98% 95.02%

Stock Sector Breakdown

Weighting Return Low Return High RYTHX % Rank
Technology 		78.55% 2.80% 100.00% 30.77%
Communication Services 		13.10% 0.00% 97.05% 25.34%
Financial Services 		5.75% 0.00% 38.36% 42.53%
Industrials 		2.60% 0.00% 38.68% 35.75%
Utilities 		0.00% 0.00% 5.17% 95.02%
Real Estate 		0.00% 0.00% 15.05% 95.48%
Healthcare 		0.00% 0.00% 25.57% 97.74%
Energy 		0.00% 0.00% 1.24% 95.02%
Consumer Defense 		0.00% 0.00% 5.64% 96.38%
Consumer Cyclical 		0.00% 0.00% 32.97% 98.64%
Basic Materials 		0.00% 0.00% 2.38% 95.48%

Stock Geographic Breakdown

Weighting Return Low Return High RYTHX % Rank
US 		96.18% 0.00% 100.77% 48.87%
Non US 		0.00% 0.00% 63.81% 96.38%

RYTHX - Expenses

Operational Fees

RYTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.68% 0.08% 5.04% 20.91%
Management Fee 0.85% 0.03% 1.95% 80.54%
12b-1 Fee 0.25% 0.00% 1.00% 68.85%
Administrative Fee 0.25% 0.00% 0.50% 85.42%

Sales Fees

RYTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 3.50% 5.75% 85.71%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

RYTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RYTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 175.00% 0.69% 281.00% 96.02%

RYTHX - Distributions

Dividend Yield Analysis

RYTHX Category Low Category High RYTHX % Rank
Dividend Yield 0.00% 0.00% 7.82% 96.38%

Dividend Distribution Analysis

RYTHX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

RYTHX Category Low Category High RYTHX % Rank
Net Income Ratio -0.96% -2.30% 2.08% 78.80%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RYTHX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

Apr 14, 1998

24.15

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
0.04 32.43 8.25 1.41

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