Rydex S&P MidCap 400 Pure Value H
RYAVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Rockville, MD 20850 Rockville MD United States of America 20850
- IPO Date
- Feb 20, 2004
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex S&P MidCap 400 Pure Value Fund Class H (RYAVX) is an open-end mutual fund that seeks investment results matching the performance of the S&P MidCap 400 Pure Value Index, which targets mid-cap value securities selected based on ratios of book value, earnings, and sales to price; the fund normally invests at least 80% of its net assets in securities comprising the underlying index, including common stocks of mid-cap companies exhibiting strong value characteristics across sectors such as consumer cyclical, technology, financial services, energy, and industrials. Available share classes include A (RYMVX), C (RYMMX), and H (RYAVX), with the H class featuring a net expense ratio of 1.56%, no front-end or deferred loads, a minimum initial investment of $2,500, and annual distributions if applicable; the fund maintains high portfolio turnover at approximately 868% and holds diversified U.S. equities (98.97% allocation), with top holdings like Concentrix Corp, Goodyear Tire & Rubber Co, HF Sinclair Corp, TD Synnex Corp, and Avnet Inc representing about 14.94% of assets. Managed by a team including Michael Byrum (since inception), Brendan Cain, Spencer Crane, and Scott Miller (since July 2022), the fund is distributed primarily in the United States with total net assets of approximately $5.94 million. The fund operates under Guggenheim Investments, which encompasses the Rydex Funds family and represents the investment management businesses of Guggenheim Partners, LLC, founded in 1999 and headquartered in New York City with additional offices in Chicago, London, Los Angeles, and San Francisco; Rydex Funds originated in 1993 from Rockville, Maryland-based Rydex Investments (originally headquartered at 805 King Farm Blvd), acquired by Guggenheim via Security Benefit in 2010 and fully integrated into Guggenheim Investments by 2012. Security Investors, LLC serves as the investment adviser, while Guggenheim Funds Distributors, LLC acts as distributor. Recent operational changes include reverse share splits executed on 14 Rydex funds, including potentially related strategies, after market close on February 21, 2024, to adjust share prices without altering aggregate asset values or triggering taxable events; additionally, in 2024 Guggenheim Investments sold its $2.6 billion actively managed equity business (21 mutual and variable funds) to New Age Alpha, streamlining to focus on approximately $50 billion in mutual fund assets, including the Rydex lineup of index-based, sector, leveraged, and inverse strategies. These adjustments reflect ongoing portfolio management amid dynamic market conditions, with no reported new partnerships, acquisitions, or product launches specific to RYAVX in the last 1-2 years.