Rydex Inverse NASDAQ-100® Strategy Fund Class A (RYAPX)
| Fund Assets | 10.30M |
| Expense Ratio | 1.71% |
| Min. Investment | $2,500 |
| Turnover | 23.00% |
| Dividend (ttm) | 8.15 |
| Dividend Yield | 6.22% |
| Dividend Growth | -6.06% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 124.47 |
| YTD Return | -8.99% |
| 1-Year Return | -10.54% |
| 5-Year Return | -57.76% |
| 52-Week Low | 124.24 |
| 52-Week High | 167.60 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Mar 31, 2004 |
About RYAPX
Rydex Inverse NASDAQ-100 Strategy Fund Class A is a mutual fund designed to deliver investment results that correspond, before fees and expenses, to the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The fund employs a strategy that seeks to move in the opposite direction of this prominent technology-heavy index, making it notably distinct from traditional equity funds. It achieves its objective primarily through the use of derivatives and other financial instruments that allow for the replication of inverse exposure. The fund is structured to respond to daily index movements, making its performance particularly linked to short-term shifts in the NASDAQ-100, and it is team managed. This approach means it can serve as a tool for investors seeking to hedge exposure to technology and growth stocks, or for those looking to potentially benefit from declines in large-cap U.S. technology equities. The fund distributes income annually if applicable, and its gross expense ratio is 1.80% as of the latest reporting period, reflecting the specialized nature of its strategy. It plays a niche, tactical role by offering inverse exposure to one of the market’s most widely-followed equity benchmarks.
Performance
RYAPX had a total return of -10.54% in the past year, including dividends. Since the fund's inception, the average annual return has been -15.57%.
Top 10 Holdings
98.12% of assets| Name | Symbol | Weight |
|---|---|---|
| J.P. Morgan Securities Llc | n/a | 17.89% |
| United States Treasury Bills 4.22% | B.0 05.06.25 | 14.30% |
| Bofa Securities, Inc. | n/a | 13.71% |
| United States Treasury Bills 4.23% | B.0 04.24.25 | 10.95% |
| Guggenheim Strategy II | n/a | 10.37% |
| United States Treasury Bills 4.26% | B.0 04.03.25 | 10.14% |
| Federal Home Loan Banks 4.22% | FHLBDN.0 04.10.17 | 8.44% |
| Guggenheim Ultra Short Duration Fund Institutional | GIYIX | 7.39% |
| United States Treasury Bills | B.0 06.12.25 | 3.77% |
| Nasdaq-100 Index | n/a | 1.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $8.14817 | Dec 12, 2024 |
| Dec 12, 2023 | $8.67424 | Dec 12, 2023 |
| Dec 9, 2020 | $0.2508 | Dec 9, 2020 |
| Dec 10, 2019 | $3.32632 | Dec 10, 2019 |
| Dec 4, 2008 | $14.964 | Dec 4, 2008 |
| Dec 6, 2007 | $27.444 | Dec 6, 2007 |