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Rydex Banking Inv RYKIX

Quantitative rating as of | See Rydex Investment Hub
  • NAV / 1-Day Return 93.22  /  1.18 %
  • Total Assets 6.6 Mil
  • Adj. Expense Ratio
    1.360%
  • Expense Ratio 1.360%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Financial
  • Investment Style Mid Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.86%
  • Turnover 501%

Morningstar’s Analysis RYKIX

Will RYKIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Rydex Banking Inv to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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