Rydex Precious Metals Inv
RYPMX
NASDAQ- -
USD
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- -
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
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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
- Nov 30, 1993
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Precious Metals Fund (RYPMX) 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 involved in the precious metals sector, including gold, silver, platinum, and base-metal mining operations; it also employs derivatives such as futures contracts, options on securities, futures, and stock indices, as well as American Depositary Receipts (ADRs) for foreign exposure and U.S. government securities. The fund offers multiple share classes, including Investor Class (RYPMX, inception December 1, 1993), Class A (RYMNX), Class C (RYZCX), and Class H (RYMPX), with a net expense ratio of 1.29% for the Investor Class and total net assets approximating $102 million. It maintains a non-diversified portfolio concentrated in mid-cap growth stocks within the Equity Precious Metals category, with significant allocations to basic materials (98.22%), primarily in Canadian (58.42%), U.S. (27.86%), and African (11.93%) companies such as Newmont Corporation, Freeport-McMoRan, Agnico Eagle Mines, Wheaton Precious Metals, and Barrick Gold. Managed by a team at Security Investors, LLC, a Guggenheim Partners affiliate, including Michael Byrum (since 2000) and others who joined in July 2022 (Adrian Bachman, Brendan Cain, Spencer Crane, Scott Miller), the fund is distributed by Guggenheim Funds Distributors, LLC and is available primarily to U.S. investors with a minimum initial investment of $2,500. Headquartered in the United States and launched in 1993 under the Rydex Funds umbrella, it targets institutional and retail investors seeking focused exposure to precious metals equities while minimizing single-stock risk through diversification across mining firms. In recent developments, the fund has undergone reverse stock splits across Rydex Funds effective after market close on February 21, 2024, to adjust share prices and maintain trading efficiency; it continues to report strong performance with year-to-date returns exceeding 138% as of late 2025, reflecting robust precious metals market dynamics. No major acquisitions, partnerships, or strategic reorganizations specific to RYPMX have been announced in the past 1-2 years, with operations remaining stable under Guggenheim Investments oversight.