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Trending ETFs

S&P MidCap 400 Pure Value Fund

mutual fund
RYMMX
Payout Change
Pending
Price as of:
$58.07 -0.5 -0.85%
primary theme
U.S. Small-Cap Value Equity
share class
C (RYMMX) H (RYAVX) A (RYMVX)
RYMMX (Mutual Fund)

S&P MidCap 400 Pure Value Fund

Payout Change
Pending
Price as of:
$58.07 -0.5 -0.85%
primary theme
U.S. Small-Cap Value Equity
share class
C (RYMMX) H (RYAVX) A (RYMVX)
RYMMX (Mutual Fund)

S&P MidCap 400 Pure Value Fund

Payout Change
Pending
Price as of:
$58.07 -0.5 -0.85%
primary theme
U.S. Small-Cap Value Equity
share class
C (RYMMX) H (RYAVX) A (RYMVX)

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

S&P MidCap 400 Pure Value Fund

RYMMX | Fund

$58.07

$5.95 M

0.51%

$0.29

2.33%

Vitals

YTD Return

3.2%

1 yr return

3.2%

3 Yr Avg Return

7.0%

5 Yr Avg Return

11.2%

Net Assets

$5.95 M

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$58.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.33%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 252.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

S&P MidCap 400 Pure Value Fund

RYMMX | Fund

$58.07

$5.95 M

0.51%

$0.29

2.33%

RYMMX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 11.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.21%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    S&P MidCap 400 Pure Value Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Jun 21, 2005
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Byrum

Fund Description

The Fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. While the Fund may write (sell) and purchase swaps, it expects primarily to purchase swaps. Equity index swaps and futures and options contracts enable the Fund to pursue its investment objective without investing directly in the securities included in the underlying index or in the same proportion that those securities are represented in the underlying index. Certain of the Fund’s derivatives investments may be traded in the over-the-counter (“OTC”) market. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index.Investments in derivative instruments, such as futures, options and swap agreements, have the economic effect of creating financial leverage in the Fund’s portfolio because such investments may give rise to losses that exceed the amount the Fund has invested in those instruments. Financial leverage will magnify, sometimes significantly, the Fund’s exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Fund’s portfolio. The value of the Fund’s portfolio is likely to experience greater volatility over short-term periods. While such financial leverage has the potential to produce greater gains, it also may result in greater losses, which in some cases may cause the Fund to liquidate other portfolio investments at a loss to comply with limits on leverage imposed by the Investment Company Act of 1940, satisfy margin or collateral requirements, or meet redemption requests.The S&P MidCap 400® Pure Value Index is composed of those constituents of the S&P MidCap 400® that exhibit the strongest value characteristics as measured using three factors: the ratios of book value, earnings, and sales to price. The S&P MidCap 400® Index is a modified capitalization-weighted index composed of 400 mid-cap stocks chosen by the Standard & Poor’s Corporation for market size, liquidity, and industry group representation. The S&P MidCap 400® Index covers approximately 7% of the U.S. equities market and generally represents mid-capitalization companies with capitalizations ranging from $2.1 billion to $20.9 billion as of June 30, 2024. As of June 30, 2024, the S&P MidCap 400® Pure Value Index included companies with capitalizations ranging from $2.2 billion to $13.5 billion. To the extent the Fund’s underlying index is concentrated in a particular industry the Fund will necessarily be concentrated in that industry. The industries in which the underlying index components, and thus the Fund’s investments, may be concentrated will vary as the composition of the underlying index changes over time. While the Fund’s sector exposure may vary over time, as of June 30, 2024, the Fund has significant exposure to the Consumer Discretionary Sector, Financials Sector, and Industrials Sector, as each sector is defined by the Global Industry Classification Standard, a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC.On a day-to-day basis, the Fund may hold short-term U.S. government securities or cash equivalents to collateralize its derivatives positions. In an effort to ensure that the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.
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RYMMX - Performance

Return Ranking - Trailing

Period RYMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -8.8% 27.6% 91.15%
1 Yr 3.2% -8.9% 25.4% 90.91%
3 Yr 7.0%* -7.4% 73.0% 13.24%
5 Yr 11.2%* -4.0% 50.9% 16.02%
10 Yr 7.3%* -2.0% 27.4% 42.57%

* Annualized

Return Ranking - Calendar

Period RYMMX Return Category Return Low Category Return High Rank in Category (%)
2023 26.1% -6.0% 33.6% 1.44%
2022 -20.6% -33.6% 212.9% 76.23%
2021 21.7% -62.0% 147.6% 46.58%
2020 5.7% -24.8% 31.3% 24.03%
2019 20.8% -21.7% 34.0% 36.86%

Total Return Ranking - Trailing

Period RYMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -8.8% 27.6% 91.15%
1 Yr 3.2% -8.9% 25.4% 90.91%
3 Yr 7.0%* -7.4% 73.0% 13.24%
5 Yr 11.2%* -4.0% 50.9% 16.02%
10 Yr 7.3%* -2.0% 27.4% 42.57%

* Annualized

Total Return Ranking - Calendar

Period RYMMX Return Category Return Low Category Return High Rank in Category (%)
2023 26.8% 1.8% 35.4% 1.44%
2022 -6.1% -25.2% 250.0% 17.65%
2021 30.1% -3.0% 157.9% 56.96%
2020 5.7% -13.5% 33.4% 32.30%
2019 20.8% -1.5% 34.3% 64.50%

NAV & Total Return History

RYMMX - Holdings

Concentration Analysis

RYMMX Category Low Category High RYMMX % Rank
Net Assets 5.95 M 3.29 M 63 B 98.33%
Number of Holdings 89 10 1568 62.20%
Net Assets in Top 10 1.26 M 279 K 3.62 B 98.33%
Weighting of Top 10 23.24% 5.2% 92.1% 38.61%

Top 10 Holdings

  1. Avnet, Inc. 2.74%
  2. TD SYNNEX Corp. 2.56%
  3. Jones Lang LaSalle, Inc. 2.41%
  4. MasTec, Inc. 2.40%
  5. Tenet Healthcare Corp. 2.37%
  6. Lithia Motors, Inc. 2.35%
  7. Arrow Electronics, Inc. 2.27%
  8. Macy's, Inc. 2.16%
  9. Nordstrom, Inc. 2.00%
  10. US Foods Holding Corp. 1.99%

Asset Allocation

Weighting Return Low Return High RYMMX % Rank
Stocks 		99.43% 6.25% 105.02% 24.40%
Other 		0.69% -1.07% 38.91% 13.40%
Cash 		0.53% 0.00% 37.64% 72.73%
Preferred Stocks 		0.00% 0.00% 1.05% 39.71%
Convertible Bonds 		0.00% 0.00% 2.63% 37.38%
Bonds 		0.00% 0.00% 90.12% 39.00%

Stock Sector Breakdown

Weighting Return Low Return High RYMMX % Rank
Financial Services 		28.79% 0.00% 35.71% 12.50%
Consumer Cyclical 		22.03% 0.35% 51.62% 3.92%
Industrials 		11.02% 0.65% 48.61% 93.63%
Technology 		10.10% 0.00% 27.23% 39.71%
Basic Materials 		9.42% 0.00% 67.30% 8.58%
Consumer Defense 		6.85% 0.00% 13.22% 13.24%
Utilities 		4.53% 0.00% 13.86% 24.02%
Energy 		4.17% 0.00% 29.42% 82.11%
Healthcare 		1.91% 0.00% 25.76% 94.12%
Real Estate 		1.18% 0.00% 44.41% 88.73%
Communication Services 		0.00% 0.00% 17.58% 93.63%

Stock Geographic Breakdown

Weighting Return Low Return High RYMMX % Rank
US 		99.43% 6.25% 105.02% 16.75%
Non US 		0.00% 0.00% 77.52% 54.78%

RYMMX - Expenses

Operational Fees

RYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.33% 0.05% 37.04% 6.70%
Management Fee 0.75% 0.00% 1.50% 38.61%
12b-1 Fee 1.00% 0.00% 1.00% 90.34%
Administrative Fee 0.25% 0.01% 0.35% 86.15%

Sales Fees

RYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 4.00% 46.51%

Trading Fees

RYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RYMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 252.00% 7.00% 252.00% 99.45%

RYMMX - Distributions

Dividend Yield Analysis

RYMMX Category Low Category High RYMMX % Rank
Dividend Yield 0.51% 0.00% 14.14% 80.38%

Dividend Distribution Analysis

RYMMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

RYMMX Category Low Category High RYMMX % Rank
Net Income Ratio -0.21% -1.43% 4.13% 85.05%

Capital Gain Distribution Analysis

RYMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

RYMMX - Fund Manager Analysis

Managers

Michael Byrum

Start Date

Tenure

Tenure Rank

Feb 20, 2004

18.29

18.3%

Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors， Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.

Ryan Harder

Start Date

Tenure

Tenure Rank

Mar 14, 2008

14.22

14.2%

Ryan A. Harder, CFA, Managing Director and Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.23 3.58

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