Rydex Basic Materials Fund Class Investor (RYBIX)
Rydex Basic Materials Fund Class Investor operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $103.26, up 0.20% on the session, giving a market capitalisation of $29.7M. Its beta of 1.00 implies it has historically moved less than the broad market.
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.
Rydex Basic Materials Fund Class Investor is most often compared with the following Financial Services names: