Rydex Monthly Rbl NASDAQ-100 2x Strt C (RMQCX)
| Fund Assets | 976.46M |
| Expense Ratio | 2.17% |
| Min. Investment | $2,500 |
| Turnover | 1,036.00% |
| Dividend (ttm) | 133.13 |
| Dividend Yield | 21.77% |
| Dividend Growth | 707.43% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 611.64 |
| YTD Return | 35.72% |
| 1-Year Return | 46.80% |
| 5-Year Return | 209.44% |
| 52-Week Low | 291.90 |
| 52-Week High | 629.20 |
| Beta (5Y) | n/a |
| Holdings | 116 |
| Inception Date | Nov 28, 2014 |
About RMQCX
The Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund Class C is a leveraged mutual fund designed to deliver twice (200%) the monthly return of the NASDAQ-100 Index, before fees and expenses. Its primary function is to provide magnified exposure to the technology-heavy NASDAQ-100, targeting investors who seek enhanced returns over short-term periods. The fund utilizes financial derivatives and other instruments to achieve its leverage, regularly rebalancing its holdings each month to maintain its 2x objective. This structure makes the fund particularly responsive to movements in the NASDAQ-100, amplifying both gains and losses. As a result, it is generally more suitable for active traders and investors with a strong risk tolerance, rather than for long-term or buy-and-hold strategies. The fund's notable features include higher expense ratios relative to traditional funds, as well as significant potential for volatility due to the compounding effects of leverage. Within the financial market, this fund plays a specialized role, offering a tactical tool for sophisticated investors seeking to capitalize on directional moves in the NASDAQ-100 over discrete, short-to-intermediate-term periods.
Performance
RMQCX had a total return of 46.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 31.29%.
Top 10 Holdings
56.35% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 9.51% |
| Microsoft Corporation | MSFT | 9.12% |
| Apple Inc. | AAPL | 7.56% |
| Amazon.com, Inc. | AMZN | 5.75% |
| United States Treasury Bills 3.94% | B.0 07.08.25 | 5.44% |
| Broadcom Inc. | AVGO | 5.29% |
| Meta Platforms, Inc. | META | 3.95% |
| Netflix, Inc. | NFLX | 3.46% |
| J.P. Morgan Securities Llc | n/a | 3.41% |
| Tesla, Inc. | TSLA | 2.85% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $133.12908 | Dec 12, 2024 |
| Dec 12, 2023 | $16.48805 | Dec 12, 2023 |
| Dec 9, 2021 | $11.52587 | Dec 9, 2021 |
| Dec 10, 2020 | $18.27015 | Dec 10, 2020 |
| Dec 11, 2019 | $0.18608 | Dec 11, 2019 |