Rydex Banking Adv (RYKAX)
55.31 1.03(1.90%) Dec 18
* As of 31-Oct-13
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for RYKAX at this time.
|Symbol||% Assets||YTD Return %|
|Morningstar Overall Rating:|
|Annual Report Expense Ratio (net):||1.86%|
Performance & Risk
|5y Avg Return:||1.59%|
|Rank in Category (ytd):||89|
|% Rank in Category (ytd):||98.89%|
|Morningstar Risk Rating:||4|
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. View More