Rydex Basic Materials Fund Class H
RYBAX
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
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Apr 14, 1998
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Basic Materials Fund Class H (RYBAX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in equity securities of Basic Materials companies traded in the United States and through derivative instruments, including equity index swaps, futures contracts, options on securities, futures and stock indices, and American Depositary Receipts; the fund targets companies engaged in the mining, manufacture or sale of basic materials such as lumber, steel, iron, aluminum, concrete, chemicals and other building and manufacturing materials, employing a modified cap-weighting approach that adjusts stock weights by the square root of market capitalizations to balance mega-cap dominance with broader sector representation. Launched on April 14, 1998, and domiciled in the United States, the fund is managed by a team at Guggenheim Investments, including Michael Byrum since inception, with Adrian Bachman, Brendan Cain, Spencer Crane and Scott Miller joining as co-portfolio managers on July 8, 2022; it is part of the Rydex Series Funds offered by Guggenheim Investments, headquartered in Midtown Manhattan, New York, with total net assets of approximately $23 million, a net expense ratio of 1.65%, and availability to U.S. investors subject to minimum initial investments of $2,500. The portfolio emphasizes Basic Materials sector exposure at around 84%, with top holdings including Linde plc, Sherwin-Williams, Ecolab and CRH plc, alongside geographic diversification across U.S. (75%), Canada (15%), Latin America, Africa and the United Kingdom; it operates within the Natural Resources Morningstar category using a mid-cap value investment style. In recent developments, Guggenheim Investments executed reverse share splits on 14 Rydex funds, including select sector strategies, effective after market close on February 21, 2024, to adjust share prices without altering aggregate asset values or triggering taxable events; portfolio management expanded in July 2022 with additional co-managers to enhance oversight amid market volatility. The fund maintains daily portfolio rebalancing, unlimited exchange privileges among equivalent Rydex share classes without transaction fees or holding periods, and annual distributions if applicable, positioning it for tactical sector allocations by investors seeking liquid exposure to basic materials amid dynamic commodity cycles.