Rydex Basic Materials Fund Class Investor
RYBIX
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- Rydex Basic Materials Fund Class Investor (RYBIX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of U.S. companies engaged in the mining, manufacture, or sale of basic materials, including lumber, steel, iron, aluminum, concrete, chemicals, and other building and manufacturing materials; the fund is non-diversified and may concentrate a significant portion of its assets in individual issuers within the basic materials sector, tracking the performance of the S&P 500 Pure Basic Materials Index as a benchmark. Top holdings typically include leading firms such as Linde plc, Sherwin-Williams Co., Ecolab Inc., Air Products and Chemicals Inc., and CRH plc, representing key subsectors like chemicals, specialty materials, and construction aggregates. The Investor Class shares, identified by ticker RYBIX (CUSIP 783554843), feature a gross expense ratio of 1.44% and net expense ratio of 1.39%, with annual distributions if applicable; related share classes include A (RYBMX), C (RYBCX), and H (RYBAX). Managed by a team at Security Investors, LLC, with distribution by Guggenheim Funds Distributors, LLC, the fund operates within the natural resources category under Guggenheim Investments, part of Guggenheim Partners, LLC; it targets retail and institutional investors seeking sector-specific exposure to the volatile basic materials industry. Launched on April 1, 1998, the fund is domiciled in the United States with headquarters aligned to Guggenheim Investments in Chicago and New York. In June 2024, Guggenheim Investments announced a definitive agreement for New Age Alpha to acquire its affiliated mutual fund administration business, including the Rydex family of funds such as RYBIX, with the transaction expected to close in Q4 2024 subject to approvals; post-closing, Guggenheim will retain management of approximately $50 billion in assets, ensuring continuity for Rydex products. Earlier, Guggenheim phased out the Rydex ETF brand in favor of its own name, though Rydex mutual funds like RYBIX continue under the legacy branding. No major new product launches, funding rounds, or operational reorganizations specific to RYBIX have been reported in the last 1-2 years beyond this strategic transaction.