Rydex Nova Fund Class H (RYNHX)
| Fund Assets | 229.39M |
| Expense Ratio | 1.67% |
| Min. Investment | $2,500 |
| Turnover | 1,047.00% |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 0.69% |
| Dividend Growth | 47.74% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 141.14 |
| YTD Return | 6.62% |
| 1-Year Return | 11.92% |
| 5-Year Return | 141.19% |
| 52-Week Low | 100.82 |
| 52-Week High | 141.14 |
| Beta (5Y) | n/a |
| Holdings | 518 |
| Inception Date | Sep 18, 2014 |
About RYNHX
The Rydex Nova Fund Class H is a leveraged mutual fund designed to deliver 150% of the daily performance of the S&P 500 Index, before fees and expenses. By employing a combination of investments in large-cap U.S. equities, typically those within the S&P 500, and derivative instruments, the fund seeks enhanced exposure to the movements of this prominent benchmark. This approach classifies it as a leveraged equity fund, catering primarily to investors looking for amplified daily returns relative to the S&P 500. Notably, the fund is non-diversified, allowing greater asset concentration in select issuers compared to diversified funds. Managed by a team and launched in 2014, Rydex Nova Fund Class H aims to capture both capital appreciation and, to a lesser extent, income through annual distributions. Its role in the financial market is to offer traders and tactically minded investors a tool for seeking magnified daily index returns, but its structure means performance over longer periods may diverge from simply multiplying the index’s return due to the effects of daily compounding and volatility.
Performance
RYNHX had a total return of 11.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.06%.
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 |