Rydex Energy Services Inv
RYVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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
- Mar 31, 1998
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Energy Services Inv (RYVIX) 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 energy services companies traded in the United States, as well as derivatives including futures contracts and options on securities, futures contracts, and stock indices; it may also invest significantly in small- to mid-capitalization energy services companies, American Depositary Receipts (ADRs) for foreign energy services exposure, and U.S. government securities. The fund, part of the Rydex Funds family managed by a team at Security Investors, LLC (an affiliate of Guggenheim Partners, LLC) and distributed by Guggenheim Funds Distributors, LLC, targets the equity energy sector with a focus on providers of services to the energy industry such as oilfield equipment, drilling, completion, and production services; top holdings as of recent data include SLB Ltd (11.97%), Baker Hughes Co (11.44%), Halliburton Co (8.17%), and others like Weatherford International, TechnipFMC, and NOV Inc. It operates primarily in U.S. markets with exposure to international energy services firms (approximately 95.51% U.S., 2.89% Latin America, 1.45% Europe ex-Euro as of recent reporting), features a net expense ratio of 1.38%, high portfolio turnover of around 431%, and annual distributions if applicable; the Investor Class (RYVIX) has a minimum initial investment of $2,500. Launched on April 1, 1998, and domiciled in the United States with investment advisory and distribution services based in the U.S., the fund belongs to the Morningstar Equity Energy category and maintains a non-diversified strategy emphasizing sector-specific growth and volatility in energy services. Share classes include Investor (RYVIX, inception 1998), A (RYESX, 2004), C (RYVCX, 2001), and H (RYVAX, 1998), all following the same energy services investment mandate under Guggenheim Investments' Rydex platform. The fund provides targeted exposure to the energy services subsector while aiming to minimize single-stock risk through a portfolio of approximately 33 holdings, with nearly 100% allocation to energy and minor utilities exposure. In recent developments within the last 1-2 years, Guggenheim Investments announced in March 2024 an agreement for New Age Alpha to acquire its actively managed equity funds business (including 21 mutual and variable insurance funds), though Rydex Funds such as RYVIX were explicitly excluded and remain under Guggenheim management with approximately $50 billion in ongoing mutual fund assets post-transaction; this supports continued stability for the Rydex family amid broader portfolio realignments. The fund has maintained its core strategy with no reported acquisitions, mergers, new product launches, or major reorganizations specific to RYVIX, reflecting steady operations focused on daily portfolio adjustments to track energy services performance amid market volatility. Assets under management stand at around $5.4 million for the Investor Class, with recent NAV fluctuations tied to energy sector dynamics.