Rydex Nova C (RYNCX)
| Fund Assets | 251.12M |
| Expense Ratio | 2.43% |
| Min. Investment | $2,500 |
| Turnover | 180.00% |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 0.86% |
| Dividend Growth | 47.74% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 113.39 |
| YTD Return | 9.46% |
| 1-Year Return | 18.31% |
| 5-Year Return | 129.33% |
| 52-Week Low | 79.76 |
| 52-Week High | 114.15 |
| Beta (5Y) | n/a |
| Holdings | 518 |
| Inception Date | Mar 14, 2001 |
About RYNCX
Rydex Series Funds Nova Fund Class C is an open-end mutual fund designed to deliver leveraged exposure to the S&P 500 Index. Its primary objective is to provide investment results that correspond, before fees and expenses, to 150% of the daily performance of the S&P 500, making it a leveraged fund tailored for investors seeking amplified returns relative to this widely followed benchmark. The fund achieves its leveraged objective through the use of financial instruments and derivatives, enabling it to magnify gains and losses on a daily basis. This daily reset means the fund's returns over longer periods may differ significantly from 1.5x the longer-term returns of the S&P 500 due to compounding effects. Managed by a team at Guggenheim Investments, the fund pays income distributions annually and maintains a net expense ratio of 2.43%. Rydex Series Funds Nova Fund Class C plays a specialized role in the financial market, providing tools for tactical asset allocation, market timing strategies, and portfolio hedging for those with a strong understanding of leverage and associated risks.
Performance
RYNCX had a total return of 18.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.14%.
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 |