Rydex S&P SmallCap 600 Pure Value H (RYAZX)
Rydex S&P SmallCap 600 Pure Value H operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $258.29, up 0.32% on the session, giving a market capitalisation of $8.8M. Its beta of 1.08 implies it has historically moved more than the broad market.
This fund aims to primarily mirror the performance of its underlying index. To achieve this, it allocates a minimum of 80% of its net assets (and any borrowed funds) to either the actual securities within that index or to financial instruments designed to replicate its returns. The specific index it tracks is not the entire S&P SmallCap 600®, but rather a focused subset. This subset comprises companies from the S&P SmallCap 600® that demonstrate the most compelling "value" attributes. These value characteristics are quantitatively assessed using three key financial ratios: a company's book value, earnings, and sales, all relative to its share price. Additionally, investors should note that this is a non-diversified fund, meaning it may hold more concentrated positions in fewer securities.
Rydex S&P SmallCap 600 Pure Value H is most often compared with the following Financial Services names: