Rydex S&P 500 Pure Growth H
RYAWX
NASDAQ- -
USD
- -
- -
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
FRC
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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 500 Pure Growth Fund Class H (RYAWX) is an open-end mutual fund that seeks to provide investment results that match, before fees and expenses, the daily performance of the S&P 500 Pure Growth Index, focusing on large-cap growth stocks selected for high growth characteristics within the S&P 500 universe; the fund invests primarily in the common stocks of companies comprising the index or in securities representing such stocks, with top holdings including Palantir Technologies Inc., NVIDIA Corp., Arista Networks Inc., Vistra Corp., and Royal Caribbean Cruises Ltd. as of recent data. The fund offers share classes including A (RYLGX, inception September 1, 2004), C (RYGRX, inception February 20, 2004), and H (RYAWX, inception February 20, 2004), with a net expense ratio of 1.55%, annual distributions if applicable, and a minimum initial investment of $2,500 for Class H shares. It is team-managed by Security Investors, LLC (investment adviser) and distributed by Guggenheim Funds Distributors, LLC, as part of the Rydex Funds lineup under Guggenheim Investments, a division of Guggenheim Partners, LLC. Rydex Funds traces its origins to 1993 when Rydex Fund Services, Inc. was founded in Rockville, Maryland, which served as the headquarters for fund administration before its acquisition by Mitsubishi UFJ Trust and Banking Corporation in 2016 and rebranding to MUFG Investor Services (US), LLC; the Rydex investment management operations were consolidated under Guggenheim Investments following Guggenheim Partners' broader reorganizations, including phasing out the Rydex ETF brand in favor of Guggenheim branding. The fund operates primarily in the United States market, with nearly all assets (99.60%) in U.S. stocks across sectors such as technology (26.07%), industrials (22.40%), and consumer cyclical (21.04%), targeting investors seeking large-growth exposure through passive index replication. Total net assets stand at approximately $28.39 million, with Class H shares at $17.64 million. Recent operational changes include reverse share splits executed on February 21, 2024, for 14 Rydex funds to consolidate shares without altering aggregate asset values or triggering taxable events, alongside ongoing portfolio adjustments reflecting index composition changes, such as shifts in top holdings amid market growth trends in technology and industrials; in June 2024, Guggenheim Investments announced the sale of its actively managed equity funds business (21 mutual and variable insurance funds) to New Age Alpha, though passive index funds like RYAWX remained under Guggenheim, supporting continued benchmark replication strategies. The fund maintains daily pricing, telephone and web trading during market hours, and unlimited exchange privileges among equivalent Rydex share classes without transaction fees. No major new product launches or acquisitions directly impacting RYAWX were reported in 2024-2025, with focus on distribution announcements and sector momentum models.