Rydex Series Funds, Nova Fund Class A: (MF: RYANX)
(NASDAQ Mutual Funds) As of Jul 12, 2024 08:00 PM ET
$124.70 USD
+1.03 (0.83%)
Fund Description
The fund was incepted in July 1993 and is managed by Rydex Global Advisors Inc. The fund seeks to provide investment results that is 150% of the performance of the S&P 500 Index Unlike a traditional index fund, as its primary investment strategy, the fund invests to a significant extent in leveraged instruments, such as futures contracts and options on securities, futures contracts, and stock indices, as well as equity securities. Futures and options contracts enable the fund to pursue its objective without investing directly in the securities included in the underlying index, or in the same proportion that those securities are represented in the underlying index. On a day-to-day basis, to collateralize these futures and options contracts, the fund holds U.S. government securities or cash equivalents. The fund may also enter into repurchase agreements. Dividends and capital gains are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Rydex Nova A | RYANX | 4.75 | NA | 0.00 | 0.25 | 0.75 | 1.66 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Rydex Nova Inv | RYNVX | 139.02 | 7/12/1993 | 0.00 | 32.62 | 10.17 | 17.57 |
| Rydex Nova C | RYNCX | 100.03 | 3/14/2001 | 0.00 | 31.31 | 9.09 | 16.40 |
| Rydex Nova A | RYANX | 124.70 | 11/12/2004 | 0.00 | 32.29 | 9.90 | 17.28 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Rydex Nova A | RYANX | 2500 | 0 | 1000 | A |
Contact Information
| Family | Rydex |
| Address | Guggenheim Investments, P.O. Box 758567 Topeka, KS 66675 |
| Phone | 800 820-0888 |