Rydex Dow Jones Industrial Average H
RYDHX
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
- Rockville, MD 20850 Rockville MD United States of America 20850
- IPO Date
- Dec 1, 2015
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Dow Jones Industrial Average Fund Class H (RYDHX) is an open-ended mutual fund managed as part of Guggenheim Investments' Rydex series of index-based products that seeks to provide investment results matching, before fees and expenses, the performance of the Dow Jones Industrial Average Index on a daily basis; it employs securities of companies in the underlying index, derivatives including futures and swaps, and exchange-traded funds. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in these securities and financial instruments, with top holdings typically including large-cap U.S. stocks such as UnitedHealth Group, Goldman Sachs Group, Microsoft, Home Depot, and Caterpillar, alongside cash equivalents, short-term Treasury bills, and Guggenheim proprietary strategies for liquidity and hedging; it features a net expense ratio of 1.61%, no front-end or deferred loads, a minimum initial investment of $2,500, and annual distributions. Available primarily to U.S. investors through intermediaries, the H-class shares (CUSIP 78356C513, inception December 1, 2015) target individual and institutional clients seeking large value equity exposure, with total net assets of approximately $21 million and a focus on sectors like financial services, technology, industrials, consumer cyclical, and healthcare. Operated under Guggenheim Investments, headquartered in New York, NY, with additional offices in Chicago, IL, the fund benefits from the firm's global asset management platform overseeing over $300 billion in assets across fixed income, equity, alternatives, and innovative beta strategies; Security Investors, LLC serves as investment adviser and Guggenheim Funds Distributors, LLC as distributor, with a team-managed approach led by managers including Michael Byrum (since inception), Brendan Cain, Spencer Crane, and Scott Miller (since 2022). In recent developments, Guggenheim Investments completed the sale of its actively managed equity funds business, including 21 mutual and variable insurance funds totaling $2.6 billion in assets, to New Age Alpha in late 2024, enabling a sharpened focus on core strengths such as index products like RYDHX, fixed income, insurance-linked assets, and alternatives; additionally, 14 Rydex funds, potentially including peers in the series, underwent reverse share splits after market close on February 21, 2024, to consolidate shares without altering aggregate asset values or triggering taxable events. The adviser maintains a contractual fee waiver on management fees paid by the fund's subsidiary through August 1, 2026, underscoring ongoing cost management amid stable operations for this benchmark-tracking vehicle.