Rydex Basic Materials Fund
RYBCX
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
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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
- May 3, 2001
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Basic Materials Fund (RYBCX) is an open-end mutual fund that seeks capital appreciation by investing substantially all (at least 80%) of its net assets in equity securities of Basic Materials Companies traded in the United States and in derivatives, including companies engaged in the mining, manufacture, or sale of basic materials such as lumber, steel, iron, aluminum, chemicals, and related products; it may invest significantly in small- to mid-sized capitalization issuers and employs derivatives like futures and options to enhance returns or manage exposure. The fund, part of the Rydex Series Funds managed by a team including Michael Byrum, Adrian Bachman, Brendan Cain, Spencer Crane, and Scott Miller, operates within the Natural Resources category with a mid-value investment style, targeting U.S.-listed issuers primarily in basic materials (approximately 84%), with secondary allocations to consumer cyclical, industrials, healthcare, and energy sectors; top holdings include companies like Linde PLC, Newmont Corporation, CRH PLC, Sherwin-Williams Co, and Ecolab Inc. RYBCX, with assets under management of approximately $30 million, a net expense ratio of 2.38%, and annual distributions (if applicable), is domiciled in the United States, advised by Security Investors, LLC, and distributed by Guggenheim Funds Distributors, LLC, under the Guggenheim Investments platform. Launched on May 3, 2001 as the Class C shares (with the Investor Class RYBIX inception on April 1, 1998), the fund maintains headquarters aligned with Guggenheim Investments at 805 King Farm Boulevard, Rockville, Maryland. In recent major changes, RYBCX participated in reverse share splits executed across multiple Rydex funds in phases during 2024, including after market close on February 21, 2024, to consolidate shares without altering aggregate asset values or triggering taxable events, as approved by the Board of Trustees in November 2024; the fund continues daily portfolio monitoring within Guggenheim's Rydex strategies amid ongoing sector-focused benchmark replication.