Rydex S&P MidCap 400 Pure Growth H (RYBHX)
Rydex S&P MidCap 400 Pure Growth H operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $63.20, up 0.14% on the session, giving a market capitalisation of $35.3M. Its beta of 1.16 implies it has historically moved more than the broad market.
This fund commits a minimum of 80% of its total assets, including any capital raised through borrowing, to investments directly linked to its underlying benchmark index. This can include securities of companies within that index or financial instruments, such as derivatives, designed to mirror the index's performance. The benchmark itself is a specialized subset of the S&P MidCap 400®, focusing exclusively on firms that exhibit the strongest growth characteristics. These growth attributes are determined by three specific quantitative factors: sales growth, the ratio of earnings change to price, and stock price momentum. As a non-diversified fund, it holds the flexibility to concentrate investments in fewer holdings.
Rydex S&P MidCap 400 Pure Growth H is most often compared with the following Financial Services names: