Rydex S&P SmallCap 600 Pure Value H
RYAZX
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 SmallCap 600 Pure Value Fund Class H (RYAZX) 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 SmallCap 600 Pure Value Index, which targets small-cap value securities identified by factors including book value, earnings, and sales relative to price; the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities comprising the underlying index and in derivative instruments linked to the index, such as swaps and futures. The fund offers share classes including A (RYSVX), C (RYYCX), and H (RYAZX), with a net expense ratio of 1.55%, no front-end or deferred loads, a minimum initial investment of $2,500, and an initial IRA investment of $1,000; it is domiciled in the United States, available for sale to U.S. investors, and priced daily with trading hours from 9:30 AM to 3:50 PM ET via web or phone. Managed by a team at Security Investors, LLC, including Michael Byrum since inception, and Brendan Cain, Spencer Crane, and Scott Miller since July 2022, the fund maintains a portfolio heavily weighted toward U.S. small-cap value stocks (99.68% allocation), with top holdings such as Par Pacific Holdings Inc., Viasat Inc., SpartanNash Co., First American Government Obligations X, and Adient PLC representing 11.75% of assets; sector exposures emphasize consumer cyclical (26.82%), financial services (12.80%), energy (11.37%), consumer defensive (11.21%), and industrials (8.26%), with total net assets of approximately $4.29 million and Class H assets of $2.87 million as of recent data. Rydex funds, part of Guggenheim Investments--an affiliate of Guggenheim Partners, LLC--originated from Rydex Investments, founded in 1993 and headquartered originally in Rockville, Maryland, with Guggenheim acquiring the Rydex platform through its 2010 purchase of Security Benefit Corp. for $400 million, leading to integration into Guggenheim's broader asset management operations encompassing traditional and non-traditional strategies across equity, fixed income, and sector-specific exposures. Recent portfolio adjustments include new positions in companies such as Angi Inc. and increases in select holdings amid ongoing benchmark replication, while the management team expanded in July 2022 with the addition of Brendan Cain, Spencer Crane, and Scott Miller to support the fund's daily index-tracking objective; no major acquisitions, funding rounds, or strategic shifts specific to RYAZX have been reported in the last 1-2 years, with operations continuing under Guggenheim Funds Distributors, LLC as distributor and annual distributions if applicable.