Rydex Basic Materials Fund Class A
RYBMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Aug 31, 2004
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Basic Materials Fund Class A (RYBMX) is an open-end mutual fund that seeks capital appreciation by investing substantially all, or at least 80%, of its net assets in equity securities of Basic Materials Companies traded in the United States and included within the S&P 500 Index or the S&P Materials Select Sector Index; these companies engage primarily in the mining, manufacture, processing, or sale of basic materials, including lumber, chemicals, metals, construction materials, paper products, and forest products. The fund employs a team-managed approach utilizing quantitative analysis models to select securities that track the performance of its benchmark indices, with top holdings including Linde plc, Newmont Corporation, CRH plc, Ecolab Inc., and Sherwin-Williams Co., representing exposure to chemicals, mining, construction aggregates, specialty chemicals, and coatings; sector allocation emphasizes basic materials at approximately 83%, complemented by consumer cyclical, industrials, and minor healthcare and energy positions. Available to U.S. investors through broker-dealers with a minimum initial investment of $2,500, the Class A shares carry a front-end load of 4.75%, a net expense ratio of 1.64%-1.65%, and annual distributions if applicable. Managed by Security Investors, LLC, an affiliate of Guggenheim Partners, in New York City, the fund traces its origins to the Rydex series launched in 1998, with Class A shares specifically incepted on September 1, 2004; the investment adviser and distributor are Guggenheim Funds Distributors, LLC, supporting operations domiciled in the United States. Portfolio managers include Michael Byrum, who has overseen Rydex products since April 1998, alongside Adrian Bachman, Brendan Cain, Spencer Crane, and Scott Miller, each joining in July 2022 to enhance the team's quantitative indexing expertise. In recent developments, Guggenheim Investments announced reverse share splits for 14 Rydex funds, including select sector strategies, effective after market close on February 21, 2024, aimed at improving trading liquidity and operational efficiency amid ongoing portfolio rebalancing. The fund maintains its focus on U.S.-centric basic materials exposure with international diversification, including Canada (17%), Africa, the United Kingdom, and Latin America, totaling non-U.S. stocks at about 29% of assets under management, which stood at approximately $23 million across classes as of late 2025. No major acquisitions, partnerships, or strategic shifts specific to RYBMX have been reported in the last 1-2 years, with Guggenheim continuing to uphold the Rydex brand for its 18 sector mutual funds emphasizing benchmark replication and sector momentum models.