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    Rydex Banking C (RYKCX)

    54.15 Up 0.04(0.07%) Nov 27

    Profile as of Oct 30, 2015Get Profile for:
    Rydex Banking C
    Rydex Series Funds9601 Blackwell Road,Suite 500Rockville, MD 20850
    Phone: 800-820-0888
    Fund Overview 
    Fund Family:Rydex Funds
    Net Assets:29.94M
    Year-to-Date Return:-3.30%
    Morningstar Rating:1 stars
    Fund Inception Date:Mar 30, 2001
    Morningstar Style Box 
    [View Category Definition]
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    Management Information 
    Michael P. Byrum
    Lead Manager since Apr 1, 1998
    Michael P. Byrum, CFA, Senior Vice President. He has been associated with the Advisor since it was founded in 1993. During this time, he has played a key role in the development of the firm’s investment strategies and product offerings. He was named Vice President of Portfolio for the Advisor in 1998, and Executive Vice President in 2000. Prior to joining the Advisor, Mr. Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds, Inc. He holds a degree in finance from Miami University of Ohio and is a member of the CFA Institute and the Washington Society of Investment Analysts.
    Investment Information 
    Min Initial Investment:2,500
    Min Initial Investment, IRA:1,000
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    RYKCX can be purchased from 48 brokerages.

    Fund Summary 
    The investment seeks to provide capital appreciation by investing in companies that are involved in the banking sector, including commercial banks (and their holding companies) and savings and loan institutions ("Banking Companies"). The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It will invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations. The fund is non-diversified.

    Fund Operations 
    Last Dividend (Nov 16, 2015) : 0.29
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Nov 24, 2015) : 583.00%
    Average for Category:57.54%
    Fees & Expenses 
    ExpenseRYKCXCategory Avg
    Annual Report Expense Ratio (net):2.35%1.50%
    Prospectus Net Expense Ratio:2.35%N/A
    Prospectus Gross Expense Ratio:2.35%N/A
    Max 12b1 Fee:1.00%N/A
    Max Front End Sales Load:N/A4.99%
    Max Deferred Sales Load: 1.00%2.02%
    3 Yr Expense Projection*:733949
    5 Yr Expense Projection*:1,2551,348
    10 Yr Expense Projection*:2,6862,453
    * Per $10,000 invested