Rydex Equal Weight Utilities ETF (RYU) follows the S&P Equal Weight Index which is not much different from XLU except that by breaking components into equal weights provides a different and perhaps fairer view of overall conditions.
The fund was launched in January 2006. The expense ratio is .50%. AUM equal $27 million and average daily trading volume is 7K shares. (NOTE: The sponsor has suffered numerous ownership changes and marketing efforts have been hindered.) As of late July 2011 the annual dividend was $1.56 making the current yield 2.80% and year-to-date return of 8.55%.
Here are RYU's top 10 holdings and weightings as of July 2011. They are 1. MetroPCS Communications, Inc. (PCS): 2.55%; 2. ONEOK, Inc. (OKE): 2.54%; 3. Sprint Nextel Corp (S): 2.53%; 4. NRG Energy Inc (NRG): 2.52%; 5. NiSource, Inc. (NI): 2.48%; 6. AES Corp (AES): 2.48%; 7. Verizon Communications Inc (VZ): 2.48%; 8. American Tower Corporation A (AMT): 2.47%; 9. Public Service Enterprise Group (PEG): 2.47%; 10. Constellation Energy Group, Inc. (CEG): 2.47%
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