Rydex S&P SmallCap 600 Pure Value H

Frequently Asked Questions About RYAZX

What does RYAZX invest in?

This fund aims to primarily mirror the performance of its underlying index. To achieve this, it allocates a minimum of 80% of its net assets (and any borrowed funds) to either the actual securities within that index or to financial instruments designed to replicate its returns. The specific index it tracks is not the entire S&P SmallCap 600®, but rather a focused subset. This subset comprises companies from the S&P SmallCap 600® that demonstrate the most compelling "value" attributes. These value characteristics are quantitatively assessed using three key financial ratios: a company's book value, earnings, and sales, all relative to its share price. Additionally, investors should note that this is a non-diversified fund, meaning it may hold more concentrated positions in fewer securities.

What is the expense ratio of RYAZX?

Rydex S&P SmallCap 600 Pure Value H (RYAZX) charges an expense ratio of 1.56%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RYAZX?

Rydex S&P SmallCap 600 Pure Value H (RYAZX) manages $7.9M 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 RYAZX actively managed or an index fund?

RYAZX 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 (RYAZX's is 1.56%) because there's no security selection cost.

When was RYAZX launched?

Rydex S&P SmallCap 600 Pure Value H (RYAZX) launched in February 2004 and is managed by the fund issuer.

How has RYAZX performed?

RYAZX'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.