Rydex High Yield Strategy Fund Class H (RYHGX)
Rydex High Yield Strategy Fund Class H operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $116.88, up 0.21% on the session, giving a market capitalisation of $17.8M. Its beta of 1.03 implies it has historically moved more than the broad market.
This fund strives to achieve investment results that closely mirror the performance of the high-yield bond market, before any fees and expenses are deducted. To accomplish this, it allocates at least 80% of its net assets, supplemented by any borrowed funds for investment purposes, to financial instruments that collectively possess economic characteristics similar to those found in the U.S. and Canadian high-yield bond markets, or directly into high-yield debt securities. The primary methods for securing this exposure to the high-yield bond market involve investments in credit default swaps, swaps referencing ETFs, and bond futures. This fund operates as a non-diversified investment vehicle.
Rydex High Yield Strategy Fund Class H is most often compared with the following Financial Services names: