S&P SmallCap 600 Pure Value Fund
Data updated: 2026-08-27
C000010409 — S&P SmallCap 600 Pure Value Fund. United States Small Cap Value Equity · $11.51M AUM. Holdings, fees, performance and SEC filings.
C000010409 Fund Overview
S&P SmallCap 600 Pure Value Fund is a US mutual fund managed by Rydex Variable Trust, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Rydex Variable Trust
- Category: United States Small Cap Value Equity
- Assets under management: $11.51M
- 1-year return: 42.2%
- SEC CIK: 0001064046
- SEC series ID: S000003740
- Share class ID: C000010409
C000010409 Investment Objective and Strategy
S&P SmallCap 600 Pure Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Rydex Variable Trust.
Investment objective
The S&P SmallCap 600 Pure Value Fund (the Fund) seeks to provide investment results that match, before fees and expenses, the performance of a benchmark for small-cap value securities on a daily basis. The Funds current benchmark is the S&P SmallCap 600 Pure Value Index (the underlying index).
Principal investment strategy
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 Funds 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 Funds 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 Funds exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Funds portfolio. The value of the Funds 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 SmallCap 600 Pure Value Index is composed of those constituents of the S&P SmallCap 600 that exhibit the strongest value characteristics as measured using three factors: the ratios of book value, earnings, and sales to price. The S&P SmallCap 600 Index is a modified capitalization-weighted index composed of 600 small-cap stocks chosen by the Standard & Poor's Corporation for market size, liquidity and industry group representation. The S&P SmallCap 600 Index generally represents small-capitalization companies with capitalizations ranging from $442 million to $ 8.7 billion as of March 31, 2026. As of March 31, 2026, the S&P SmallCap 600 Pure Value Index included companies with capitalizations ranging from $ 442 million to $8.7 billion. To the extent the Funds 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 Funds sector exposure may vary over time, as of March 31, 2026, the Fund has significant exposure to the Consumer Discretionary Sector, Energy 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.
C000010409 Holdings
Top 10 holdings of S&P SmallCap 600 Pure Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ichor Holdings Ltd. | 3.01% |
| Acadia Healthcare Company, Inc. | 1.83% |
| Newell Brands, Inc. | 1.65% |
| Vestis Corp. | 1.62% |
| Vishay Intertechnology, Inc. | 1.61% |
| Edgewell Personal Care Company | 1.51% |
| Dreyfus Treasury Obligations Cash Management | 1.48% |
| Arcbest Corp. | 1.45% |
| Molina Healthcare, Inc. | 1.44% |
| Marinemax, Inc. | 1.40% |
C000010409 Portfolio Allocation
Asset-class allocation of S&P SmallCap 600 Pure Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 2.4% |
C000010409 Performance
Total returns for C000010409 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 25.3% |
| 1 year | 42.2% |
| 3 years (annualised) | 16.8% |
| 5 years (annualised) | 9.3% |
C000010409 Risk Information
Risk metrics for C000010409, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.7%
C000010409 Costs and Fees
C000010409 costs about $169 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.69%
- Gross expense ratio: 1.74%
- Portfolio turnover: 253%
- Brokerage commissions: 17.31 bps of average net assets (SEC N-CEN)
C000010409 Cashflows
Over the 12 months to 2026-06, S&P SmallCap 600 Pure Value Fund had net inflows of $651.75K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.33M |
| 2026-05 | $964.47K |
| 2026-04 | $711.26K |
| 2026-03 | −$1.61M |
| 2026-02 | $1.19M |
| 2026-01 | −$1.59M |
C000010409 Debt Constituents
No individual debt constituents are reported in S&P SmallCap 600 Pure Value Fund's latest SEC N-PORT filing.
C000010409 Prospectus and SEC Filings
Official S&P SmallCap 600 Pure Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.