Rydex Nova Fund Class A (RYANX)
| Fund Assets | 251.12M |
| Expense Ratio | 1.68% |
| Min. Investment | $2,500 |
| Turnover | 180.00% |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 0.65% |
| Dividend Growth | 47.74% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 142.66 |
| YTD Return | 6.58% |
| 1-Year Return | 15.55% |
| 5-Year Return | 131.51% |
| 52-Week Low | 100.67 |
| 52-Week High | 144.40 |
| Beta (5Y) | 1.59 |
| Holdings | 518 |
| Inception Date | Mar 31, 2004 |
About RYANX
Rydex Series Funds Nova Fund Class A is an open-end mutual fund designed to provide 150% of the daily performance of the S&P 500 Index, before fees and expenses. This leveraged equity fund employs a strategy that uses derivatives such as futures contracts and options, as well as direct equity investments, to amplify returns relative to the index. Its portfolio primarily targets large-cap U.S. equities, with significant allocations to major technology and communication services companies. The fund is non-diversified, allowing it to concentrate holdings in fewer issuers, and typically maintains high portfolio turnover. Management collateralizes its derivative positions with U.S. government securities or cash equivalents and may engage in repurchase agreements. The Nova Fund Class A makes annual income and capital gain distributions and is typically utilized by investors seeking magnified exposure to the broad U.S. equity market for tactical purposes. Since its inception, the fund has offered an alternative to traditional index investing by providing enhanced performance linked to daily index movements, though this leverage also increases volatility and risk. The fund is managed by Rydex Global Advisors Inc. and benchmarks its performance to the S&P 500 Index.
Performance
RYANX had a total return of 15.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.23%.
Top 10 Holdings
38.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 5.72% |
| Microsoft Corporation | MSFT | 4.78% |
| J.P. Morgan Securities Llc | n/a | 4.74% |
| NVIDIA Corporation | NVDA | 4.55% |
| United States Treasury Bills 4.16% | B.0 06.05.25 | 4.17% |
| Bofa Securities, Inc. | n/a | 3.63% |
| Guggenheim Ultra Short Duration Fund Institutional | GIYIX | 3.09% |
| Amazon.com, Inc. | AMZN | 3.08% |
| Guggenheim Strategy II | n/a | 2.35% |
| Meta Platforms, Inc. | META | 2.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.97453 | Dec 12, 2024 |
| Dec 12, 2023 | $0.65964 | Dec 12, 2023 |
| Dec 20, 2022 | $18.31649 | Dec 20, 2022 |
| Dec 9, 2021 | $13.11454 | Dec 9, 2021 |
| Dec 10, 2020 | $0.58714 | Dec 10, 2020 |
| Dec 14, 2017 | $1.40725 | Dec 14, 2017 |