Rydex High Yield Strategy Fund Class A (RYHDX)
Rydex High Yield Strategy Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $119.63, up 0.08% on the session, giving a market capitalisation of $18.4M. Its beta of 1.03 implies it has historically moved more than the broad market.
The fund's primary objective is to deliver investment returns that closely track the performance of the high yield bond market, before accounting for any fees and operational expenses. It commits a minimum of 80% of its net assets, along with any capital borrowed for investment purposes, to financial instruments engineered to mimic the economic characteristics of the U.S. and Canadian high-yield bond markets, or directly to high-yield debt securities. To gain this market exposure, the fund predominantly invests in derivative instruments like credit default swaps, swaps on exchange-traded funds (ETFs), and bond futures. It is important to note that this fund is not diversified.
Rydex High Yield Strategy Fund Class A is most often compared with the following Financial Services names: