Rydex Basic Materials Fund Class H (RYBAX)
Rydex Basic Materials Fund Class H operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $88.01, up 0.20% on the session, giving a market capitalisation of $29.6M. Its beta of 1.00 implies it has historically moved less than the broad market.
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.
Rydex Basic Materials Fund Class H is most often compared with the following Financial Services names: