Rydex Basic Materials Fund Class H (RYBAX) Research
The Rydex Basic Materials Fund Class H seeks to achieve long-term capital appreciation for its investors. The fund commits a substantial portion—at least 80%—of its net assets to common stocks of companies operating in the Basic Materials sector, specifically those listed on U.S. exchanges, and may also employ derivatives. While its primary focus is on basic materials, the fund has the flexibility to invest considerably in businesses within this sector that possess small to mid-sized market capitalizations. Basic Materials Companies are characterized by their involvement in activities such as mining, manufacturing, processing, or distributing raw ingredients and semi-finished products that are vital to the industrial sector. This encompasses a range of industries, including the production and transport of materials like metals, textiles, and wood.
Market snapshot
- Symbol
- RYBAX
- Price
- $85.59
- Day change
- -0.90%
- Market cap
- $28.8M
- 52-week range
- 68.11-94.54
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Applied Finance Dividend Fund Investor Class (AFALX)
- Cullen Value Fd Retail Cl (CVLEX)
- Polen Capital International Growth ETF (PCIG)
- State Street Short Duration IG Public & Private Credit ETF (PRSD)
- FT Vest U.S. Equity Equal Weight Buffer ETF - June (RSJN)
- FT Vest U.S. Equity Equal Weight Buffer ETF - September (RSSE)
- Rydex Basic Materials Fund Class Investor (RYBIX)
- Rydex Basic Materials Fund Class A (RYBMX)
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