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Rydex Dynamic NASDAQ-100 2X Strategy A (RYVLX)

327.02 Up 2.75(0.85%) Jul 30

Profile as of Jun 29, 2014Get Profile for:
Rydex Dynamic NASDAQ-100 2X Strategy A
9601 Blackwell RoadSuite 500Rockville MD 20850
Map
Phone: 800-820-0888
Fund Overview 
Category:Trading-Leveraged Equity
Fund Family:Rydex Funds
Net Assets:419.36M
Year-to-Date Return:13.91%
Yield:0.00%
Morningstar Rating:3 stars
Fund Inception Date:Sep 1, 2004
Morningstar Style Box 
Trading-Leveraged Equity
[View Category Definition]
View Top Trading-Leveraged Equity Funds
About the Morningstar Style Box
Management Information 
Ryan A. Harder
Lead Manager since Mar 14, 2008
Ryan A. Harder, Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
RYVLX can be purchased from 60 brokerages.

Fund Summary 
The investment seeks to provide investment results that match, before fees and expenses, 200% of the performance of the NASDAQ-100 Index® on a daily basis. The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index. The fund is non-diversified.

Fund Operations 
Last Dividend : 0.00
Last Cap Gain (Dec 11, 2013) : 0.00
Annual Holdings Turnover (Jul 27, 2014) : 346.00%
Average for Category:293.25%
Fees & Expenses 
ExpenseRYVLXCategory Avg
Annual Report Expense Ratio (net):1.76%2.03%
Prospectus Net Expense Ratio:1.79%N/A
Prospectus Gross Expense Ratio:1.79%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:4.75%4.75%
Max Deferred Sales Load: N/A1.00%
3 Yr Expense Projection*:1,012718
5 Yr Expense Projection*:1,3991,199
10 Yr Expense Projection*:2,4802,519
* Per $10,000 invested