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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

Precious Metals Fund

RYZCX | Fund

$30.00

$43.1 M

4.05%

$1.20

2.33%

Vitals

YTD Return

21.2%

1 yr return

30.8%

3 Yr Avg Return

2.0%

5 Yr Avg Return

8.6%

Net Assets

$43.1 M

Holdings in Top 10

62.2%

52 WEEK LOW AND HIGH

$30.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.33%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 114.00%

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

Precious Metals Fund

RYZCX | Fund

$30.00

$43.1 M

4.05%

$1.20

2.33%

RYZCX - Profile

Distributions

  • YTD Total Return 21.2%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.59%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Precious Metals 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 Precious Metals 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 Precious Metals 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 Precious Metals Companies that have small to mid-sized capitalizations. Precious metals include gold, silver, platinum and other precious metals. Precious Metals Companies include precious metal manufacturers; distributors of precious metal products, such as jewelry, metal foil or bullion; mining and geological exploration companies; and companies that provide services to Precious Metals Companies. Precious Metals Companies may include companies that are significantly involved in multiple sectors, including the precious metals sector. The Fund also may purchase American Depositary Receipts (“ADRs”) to gain exposure to foreign Precious Metals 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 Metals & Mining Industry, a separate industry within the Materials Sector. 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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RYZCX - Performance

Return Ranking - Trailing

Period RYZCX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.2% -24.8% 37.9% 75.38%
1 Yr 30.8% -21.1% 53.1% 72.31%
3 Yr 2.0%* -24.9% 7.1% 53.85%
5 Yr 8.6%* -0.2% 12.2% 53.13%
10 Yr 6.2%* -2.4% 10.2% 54.72%

* Annualized

Return Ranking - Calendar

Period RYZCX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.9% -19.2% 10.1% 93.85%
2022 -19.5% -32.9% -1.3% 87.69%
2021 -17.0% -51.0% 70.4% 80.00%
2020 31.1% 10.6% 63.4% 31.25%
2019 47.2% -1.0% 54.7% 22.41%

Total Return Ranking - Trailing

Period RYZCX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.2% -24.8% 37.9% 75.38%
1 Yr 30.8% -21.1% 53.1% 72.31%
3 Yr 2.0%* -24.9% 7.1% 53.85%
5 Yr 8.6%* -0.2% 12.2% 53.13%
10 Yr 6.2%* -2.4% 10.2% 54.72%

* Annualized

Total Return Ranking - Calendar

Period RYZCX Return Category Return Low Category Return High Rank in Category (%)
2023 3.3% -19.2% 12.3% 63.08%
2022 -11.7% -32.9% 2.7% 35.38%
2021 -9.7% -23.6% 80.2% 50.77%
2020 33.0% 10.6% 70.6% 46.88%
2019 51.3% 0.7% 58.5% 20.69%

NAV & Total Return History

RYZCX - Holdings

Concentration Analysis

RYZCX Category Low Category High RYZCX % Rank
Net Assets 43.1 M 12.9 M 13.7 B 93.85%
Number of Holdings 37 24 268 78.46%
Net Assets in Top 10 43.9 M 9.17 M 9.64 B 90.77%
Weighting of Top 10 62.20% 31.4% 86.5% 36.92%

Top 10 Holdings

  1. Freeport-McMoRan, Inc. 11.08%
  2. Newmont Corp. 9.18%
  3. Agnico Eagle Mines Ltd. 7.41%
  4. Barrick Gold Corp. 7.22%
  5. Wheaton Precious Metals Corp. 6.34%
  6. Kinross Gold Corp. 4.41%
  7. Gold Fields Ltd. 4.34%
  8. Anglogold Ashanti plc 4.22%
  9. Franco-Nevada Corp. 4.18%
  10. Royal Gold, Inc. 3.83%

Asset Allocation

Weighting Return Low Return High RYZCX % Rank
Stocks 		103.72% 79.45% 127.47% 4.62%
Cash 		3.32% 0.00% 13.94% 24.62%
Other 		0.61% -1.52% 17.99% 20.00%
Preferred Stocks 		0.00% 0.00% 0.71% 32.31%
Convertible Bonds 		0.00% 0.00% 0.00% 32.31%
Bonds 		0.00% 0.00% 3.54% 36.92%

Stock Sector Breakdown

Weighting Return Low Return High RYZCX % Rank
Basic Materials 		100.00% 93.10% 100.00% 24.62%
Utilities 		0.00% 0.00% 0.02% 35.38%
Technology 		0.00% 0.00% 0.19% 33.85%
Real Estate 		0.00% 0.00% 0.00% 32.31%
Industrials 		0.00% 0.00% 4.56% 38.46%
Healthcare 		0.00% 0.00% 0.00% 32.31%
Financial Services 		0.00% 0.00% 0.14% 33.85%
Energy 		0.00% 0.00% 2.88% 41.54%
Communication Services 		0.00% 0.00% 0.00% 32.31%
Consumer Defense 		0.00% 0.00% 0.00% 32.31%
Consumer Cyclical 		0.00% 0.00% 2.75% 32.31%

Stock Geographic Breakdown

Weighting Return Low Return High RYZCX % Rank
US 		103.72% 2.65% 103.72% 3.08%
Non US 		0.00% 0.00% 90.44% 96.92%

RYZCX - Expenses

Operational Fees

RYZCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.33% 0.39% 5.11% 4.62%
Management Fee 0.75% 0.35% 1.00% 73.85%
12b-1 Fee 1.00% 0.00% 1.00% 82.86%
Administrative Fee 0.25% 0.10% 0.25% 84.62%

Sales Fees

RYZCX 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% 22.22%

Trading Fees

RYZCX 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.

RYZCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 114.00% 1.00% 114.00% 96.83%

RYZCX - Distributions

Dividend Yield Analysis

RYZCX Category Low Category High RYZCX % Rank
Dividend Yield 4.05% 0.00% 4.36% 1.54%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RYZCX Category Low Category High RYZCX % Rank
Net Income Ratio -0.59% -18.00% 5.11% 89.23%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RYZCX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

Aug 01, 2000

21.84

21.8%

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
1.25 34.34 11.89 1.3

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