Rydex Nova Fund Investor Class (RYNVX)
| Fund Assets | 229.39M |
| Expense Ratio | 1.41% |
| Min. Investment | $2,500 |
| Turnover | 1,047.00% |
| Dividend (ttm) | 0.97 |
| Dividend Yield | 0.61% |
| Dividend Growth | 47.74% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 157.34 |
| YTD Return | 6.64% |
| 1-Year Return | 13.76% |
| 5-Year Return | 147.94% |
| 52-Week Low | 113.68 |
| 52-Week High | 159.24 |
| Beta (5Y) | n/a |
| Holdings | 518 |
| Inception Date | Jul 12, 1993 |
About RYNVX
The Rydex Nova Fund Investor Class is a leveraged mutual fund designed to provide investment returns that equal 150% of the daily performance of the S&P 500 Index, before fees and expenses. As a trading—leveraged equity fund, it employs a strategy of investing primarily in large-cap U.S. equities, often utilizing derivatives to achieve its daily leveraged exposure. The fund’s objective is to magnify the movements of the S&P 500 on a daily basis, making it distinct from traditional index funds that aim to match the benchmark’s performance without leverage. The Rydex Nova Fund Investor Class is categorized as non-diversified, meaning it may concentrate a greater portion of assets in specific holdings compared to diversified funds. It features a relatively high turnover rate and targets those seeking amplified exposure to large-cap U.S. stocks, such as technology, consumer cyclical, and communication services companies—its top holdings often include prominent firms like Microsoft, Apple, and NVIDIA. This fund serves a specialized role in the market by offering a tactical tool for investors looking to express a bullish, leveraged view on the S&P 500 over short-term horizons.
Performance
RYNVX had a total return of 13.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.98%.
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 |