RYHHX

About RYHHX

Rydex High Yield Strategy Fund Class C is an open‑end mutual fund focused on the U.S. **high yield bond** market. Its primary objective is to provide exposure to below‑investment‑grade corporate credit, seeking income and total return by allocating to **speculative‑grade debt** and related instruments tied to the high yield universe. The fund is **team managed** and benchmarked to the Bloomberg U.S. Corporate High Yield Index, reflecting its orientation toward broad, diversified credit risk across sectors sensitive to economic cycles. To implement its mandate, the strategy may employ credit derivatives such as **credit default swaps** alongside traditional high yield securities and futures, enabling efficient market exposure and risk management across changing credit conditions. Positioned within the high yield bond category, the fund’s role in the market is to serve as a dedicated conduit to the sub‑investment‑grade segment, offering income potential commensurate with elevated **credit and liquidity risk** relative to investment‑grade bonds. The fund is sponsored by Guggenheim Investments under the Rydex brand, with Security Investors, LLC as investment adviser.