# Rydex S&P MidCap 400 Pure Value H (RYAVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ryavx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2004-02-20 This fund allocates a minimum of 80% of its net assets, alongside any borrowed capital for investment, to either securities of companies included in its benchmark index or to financial instruments and derivatives designed to replicate the index's performance. The underlying index is composed of companies from the S&P MidCap 400® that exhibit the most significant "value" attributes. These characteristics are quantitatively assessed using three metrics: the ratios of a company's book value, earnings, and sales relative to its share price. This particular fund is classified as non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $88.31 | | Expense Ratio | 1.55% | | Assets Under Management | $6.2M | | NAV | $88.31 | | Holdings Count | — | | Distribution Yield (TTM) | 0.13% | | Annual Distribution (TTM) | $0.11 /share | | Distribution Frequency | Annual | | 52-Week Range | $73.11 – $92.22 | | Beta | 1.12 | ## Latest Distribution - Amount: $0.1116 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does RYAVX invest in? This fund allocates a minimum of 80% of its net assets, alongside any borrowed capital for investment, to either securities of companies included in its benchmark index or to financial instruments and derivatives designed to replicate the index's performance. The underlying index is composed of companies from the S&P MidCap 400® that exhibit the most significant "value" attributes. These characteristics are quantitatively assessed using three metrics: the ratios of a company's book value, earnings, and sales relative to its share price. This particular fund is classified as non-diversified. ### What is the expense ratio of RYAVX? Rydex S&P MidCap 400 Pure Value H (RYAVX) charges an expense ratio of 1.55%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RYAVX? Rydex S&P MidCap 400 Pure Value H (RYAVX) manages $6.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RYAVX actively managed or an index fund? RYAVX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (RYAVX's is 1.55%) because there's no security selection cost. ### When was RYAVX launched? Rydex S&P MidCap 400 Pure Value H (RYAVX) launched in February 2004 and is managed by the fund issuer. ### How has RYAVX performed? RYAVX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RYAVX pay a dividend? Rydex S&P MidCap 400 Pure Value H (RYAVX) currently distributes little or no income. Trailing-twelve-month yield is 0.13%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RYAVX pay dividends? Rydex S&P MidCap 400 Pure Value H pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RYAVX's dividend yield? RYAVX's trailing-twelve-month yield is 0.13%, calculated from the sum of dividends over the past year divided by the current price. ### When is RYAVX's next ex-dividend date? The most recently announced ex-dividend date for RYAVX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RYAVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.55% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RYAVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RYAVX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RYAVX cost more than a fund like VOO? RYAVX is a passive index fund (current expense ratio 1.55%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to RYAVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RYAVX (1.55%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ryavx - Distribution history: https://www.dividenddata.com/funds/ryavx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ryavx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ryavx/expenses - Peer comparison: https://www.dividenddata.com/funds/ryavx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.