Rydex Leisure Fund Class C
RYLCX
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ROIC.AI
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- Rydex Leisure Fund Class C (RYLCX) 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 companies engaged in the leisure and entertainment business, including those traded on U.S. or foreign exchanges and American Depositary Receipts; it may also employ derivatives and other instruments to replicate the performance of the underlying leisure industry benchmark. The fund emphasizes a mid-cap blend investment style within the Morningstar Consumer Cyclical category, with key sectors including consumer cyclical (39.99%), communication services (23.81%), and consumer defensive (8.45%), and top holdings such as Netflix Inc. (3.74%), Philip Morris International Inc. (2.59%), McDonald's Corp. (2.55%), Walt Disney Co. (2.45%), and Altria Group Inc. (1.89%). Launched on May 3, 2001, with the broader Rydex Leisure series inception dating to April 1, 1998, the fund is domiciled in the United States, available for sale in the U.S., and managed by a team at Security Investors, LLC, including Michael Byrum (since 1998) and others who joined in July 2022; it is distributed by Guggenheim Funds Distributors, LLC under Guggenheim Investments. The Class C shares carry a net expense ratio of 2.39%, a 1.00% deferred load, a minimum initial investment of $2,500, and total net assets of approximately $10.79 million as of recent data. In recent operational changes, Guggenheim announced reverse share splits for 14 Rydex funds, including RYLCX, executed after market close on February 21, 2024, to consolidate shares without altering aggregate asset value or triggering taxable events; portfolio management saw the addition of Adrian Bachman, Brendan Cain, Spencer Crane, and Scott Miller in July 2022, enhancing the team's oversight of the fund's leisure-focused strategy.