Rydex High Yield Strategy Fund Class A

Frequently Asked Questions About RYHDX

What does RYHDX invest in?

The fund's primary objective is to deliver investment returns that closely track the performance of the high yield bond market, before accounting for any fees and operational expenses. It commits a minimum of 80% of its net assets, along with any capital borrowed for investment purposes, to financial instruments engineered to mimic the economic characteristics of the U.S. and Canadian high-yield bond markets, or directly to high-yield debt securities. To gain this market exposure, the fund predominantly invests in derivative instruments like credit default swaps, swaps on exchange-traded funds (ETFs), and bond futures. It is important to note that this fund is not diversified.

What is the expense ratio of RYHDX?

Rydex High Yield Strategy Fund Class A (RYHDX) charges an expense ratio of 1.56%. This is the annual fee deducted from fund assets to cover management and operations.

What is RYHDX's dividend yield?

RYHDX's trailing-twelve-month yield is 9.69%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RYHDX?

Effective duration measures RYHDX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RYHDX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RYHDX?

RYHDX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RYHDX?

Yield to maturity (YTM) is the total return you'd earn from RYHDX if every bond in the portfolio is held to maturity at the current price. RYHDX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.