Rydex Banking A
9601 Blackwell Road Suite 500 Rockville MD 20850
Map
Phone: 800-820-0888
| Category: | Financial | | Fund Family: | Rydex | | Net Assets: | 1.08M | | Year-to-Date Return: | -3.79% | | Yield: | 2.94% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Sep-04 |
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Michael P. Byrum
Lead Manager since
01-Apr-98 | | | Byrum is president and CIO of Rydex Investments, his employer since its foundation in 1993. He has ultimate responsibility for the management of the funds. He was named the president of Rydex Investments in 2004 and has served as chief investment officer since 2003.Prior to joining Rydex Investments, Mr. Byrum worked for Money Management Associates, the investment adviser for Rushmore Funds, Inc. Byrum holds the Charted Financial Analyst designation. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks capital appreciation. The fund invests substantially at least 80% of assets in equity securities of banking companies that are traded in the United States and derivatives. Banking Companies are engaged in accepting deposits and making commercial and consumer loans and include state chartered banks, savings and loan institutions, and banks that are members of the Federal Reserve System. The fund may also purchase ADRs and U.S. government securities. The fund is nondiversified. |
| Last Dividend
(2-Dec-08):
| 1.27 | | Last Cap Gain
| YFT_NOT_APPLICABLE_ABBREVIATION | | Annual Holdings Turnover
| 1055.00% | | Average for Category:
| 189.44% |
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| Expense | RYBKX | Category
Avg | | Total Expense Ratio: | 1.62%
| 1.72% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 4.75%
| 5.11% | | Max Deferred Sales Load: | %
| 2.57% | | 3 Yr Expense Projection*: |
$ 962 | $891 | | 5 Yr Expense Projection*: |
$ 1,314 | $1,405 | | 10 Yr Expense Projection*: |
$ 2,306 | $2,643 |
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