- What does RYKIX invest in?
- The fund primarily allocates at least 80% of its net assets to equity holdings of U.S.-traded banking corporations. It also utilizes financial derivatives, predominantly comprising futures contracts and options tied to securities, other futures contracts, and stock market indices. A substantial portion of its investments may target shares of banking firms with small to mid-tier market capitalizations.
- What is the expense ratio of RYKIX?
- Rydex Banking Inv (RYKIX) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is RYKIX?
- Rydex Banking Inv (RYKIX) manages $13.6M 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 RYKIX actively managed or an index fund?
- RYKIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was RYKIX launched?
- Rydex Banking Inv (RYKIX) launched in March 1998 and is managed by the fund issuer.
- How has RYKIX performed?
- RYKIX'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.
