Rydex Financial Services Inv
RYFIX
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ROIC.AI
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- Rydex Financial Services Fund (RYFIX) is an open-end mutual fund that seeks to provide targeted investment exposure to the financial services sector by investing substantially all (at least 80%) of its net assets in equity securities of financial services companies traded primarily in the United States, as well as derivatives including futures contracts, options on securities, futures, and stock indices; it may also invest in American Depositary Receipts (ADRs) for foreign exposure, U.S. government securities, and companies across small- to mid-cap ranges within the sector. The fund offers multiple share classes including Investor (RYFIX, inception April 2, 1998), Class A (RYFNX), Class C (RYFCX), and Class H (RYFAX), with a net expense ratio of 1.40%, annual distributions where applicable, and a minimum initial investment of $2,500 ($1,000 for IRAs); it is team-managed by portfolio managers including Michael Byrum (since inception), Adrian Bachman, Brendan Cain, Spencer Crane, and Scott Miller (since July 2022). Launched in 1998 and domiciled in the United States, the fund operates through Guggenheim Investments, with Security Investors, LLC as investment adviser and Guggenheim Funds Distributors, LLC as distributor, focusing on U.S. investors seeking sector-specific growth in financial services (76.87% allocation), real estate (17.80%), and related areas, with primary geographic exposure in the United States (91.22%) alongside minor positions in Latin America, Canada, and emerging Asia; total net assets stand at approximately $10.20 million, with top holdings including Berkshire Hathaway Inc., JPMorgan Chase & Co., Visa Inc., Mastercard Inc., and Bank of America Corp. Recent portfolio management enhancements include the addition of Adrian Bachman, Brendan Cain, Spencer Crane, and Scott Miller to the team in July 2022, bolstering the fund's oversight amid ongoing SEC filings for Rydex Series Funds in 2025 reflecting standard operational supplements such as derivative usage disclosures; the fund continues to emphasize its Rydex strategy without reported acquisitions, mergers, or major strategic shifts in the last 1-2 years.