Rydex Commodities Strategy H
RYMBX
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- Rydex Commodities Strategy H (RYMBX) is a mutual fund that seeks to provide investment results correlating, before fees and expenses, to the performance of the S&P GSCI Commodity Index, formerly known as the Goldman Sachs Commodity Index. The fund, part of the Rydex Funds family managed by a team including Michael Byrum since inception, invests substantially all of its assets in exchange-traded products, including investment companies and commodity pools, to achieve at least 80% exposure to the benchmark's performance; its portfolio typically includes holdings such as Guggenheim Ultra Short Duration Fund Institutional Class, Guggenheim Strategy II, United States Treasury Bills, and S&P GSCI Commodity Index futures contracts. Launched on May 25, 2005, with H Class shares under ticker RYMBX (CUSIP 78356A509), the fund is domiciled in the United States, advised by Security Investors, LLC, and distributed by Guggenheim Funds Distributors, LLC, operating primarily for U.S. investors with a net expense ratio of 1.65% and minimum initial investment of $2,500. In recent years, Guggenheim Investments, which oversees the Rydex Funds, announced reverse share splits for 14 Rydex funds effective after market close on February 21, 2024, to address low share prices, though specific impact on RYMBX was not detailed; additionally, the investment adviser contractually agreed to waive management fees equal to those paid to a subsidiary through May 1, 2026, to manage expenses. The fund maintains total net assets of approximately $4.55 million, with a share class size of $3.09 million as of recent reporting, targeting investors seeking commodity market exposure amid broader Rydex offerings in sector, leveraged, and alternative strategies.