Rydex Basic Materials Fund Class Investor (RYBIX) Research
The fund's primary objective is to achieve capital growth for its investors. It allocates a substantial portion—a minimum of 80% of its net assets—to equity holdings of Basic Materials Companies traded within the United States, as well as to derivative instruments. The portfolio also has the flexibility to make considerable investments in basic materials firms with small to mid-sized market capitalizations. Businesses classified as Basic Materials Companies are those actively involved in the creation, extraction, processing, or distribution of fundamental raw materials and intermediate goods essential for the industrial sector. This broad category encompasses entities engaged in the production and transport of items such as metals, textiles, and wood products.
Market snapshot
- Symbol
- RYBIX
- Price
- $100.39
- Day change
- -0.89%
- Market cap
- $28.8M
- 52-week range
- 79.19-110.8
- 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 H (RYBAX)
- Rydex Basic Materials Fund Class A (RYBMX)
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