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Description:The investment objective of the Rydex Russell Top 50 ETF is to replicate as closely as possible, before fees and expenses, the daily performance of the Russell Top 50 Index. The Russell Top 50 Index is an unmanaged equal-weighted version comprised of the 50 largest companies in the Russell 3000 Index, which is an unmanaged capitalization-weighted index that offers investors access to the broad U.S. equity universe representing approximately 98% of the U.S. equity market. As long as the Fund invests at least 90% of its total assets in the securities of its respective Underlying Index, the Fund may invest its other assets in futures contracts, options on futures contracts, options, and swaps related to its Underlying Index, as well as cash and cash equivalents.
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| Top Holdings | ||
|---|---|---|
| AAPL | Apple Inc. | 6.29% |
| XOM | Exxon Mobil Corp. | 6.23% |
| GE | General Electric Company | 3.71% |
| CVX | Chevron Corp. | 3.4% |
| IBM | International Business Machines Corp. | 3.25% |
| PG | Procter & Gamble Company | 3.16% |
| JNJ | Johnson & Johnson | 3.15% |
| MSFT | Microsoft Corp. | 3.14% |
| T | AT&T Inc. | 3.11% |
| PFE | Pfizer | 3.09% |
Data is provided by Zacks Investment Research