# Rydex High Yield Strategy Fund Class A (RYHDX): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Bond
- Strategy: Actively Managed · Inception: 2007-04-13

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 fu...

## Key Facts

| Metric | Value |
|---|---|
| Price | $118.14 |
| Expense Ratio | 1.56% |
| AUM (All Share Classes) | $18.2M |
| NAV | $118.14 (2026-11-06 close) |
| Holdings Count | — |
| Distribution Yield (TTM) | 9.69% |
| Annual Distribution (TTM) | $11.45 /share |
| Distribution Frequency | Annual |
| 52-Week Range | $115.47 – $130.95 |
| Beta | 1.03 |

## Latest Distribution

- Amount: $11.4502 /share
- Ex-date: 2025-12-16
- Pay date: 2025-12-16

## Frequently Asked Questions

### 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.

### Does RYHDX pay a dividend?

Yes, Rydex High Yield Strategy Fund Class A (RYHDX) distributes dividends to shareholders. The trailing-twelve-month yield is 9.69%. Full dividend history is on this page.

### How often does RYHDX pay dividends?

Rydex High Yield Strategy Fund Class A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is RYHDX's next ex-dividend date?

The most recently announced ex-dividend date for RYHDX 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 RYHDX's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 1.56% 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 RYHDX charge its expense ratio?

The expense ratio is deducted in tiny daily slices from RYHDX'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 RYHDX cost more than a fund like VOO?

RYHDX is actively managed (current expense ratio 1.56%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RYHDX's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to RYHDX?

The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RYHDX (1.56%) 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/ryhdx
- Distribution history: https://www.dividenddata.com/funds/ryhdx/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/ryhdx/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/ryhdx/expenses
- Peer comparison: https://www.dividenddata.com/funds/ryhdx/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.