Rydex NASDAQ-100 Fund Class A
RYATX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Mar 31, 2004
- CIK
- 0000899148
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex NASDAQ-100 Fund Class A (RYATX) is an open-end mutual fund that seeks to provide investment results corresponding, before fees and expenses, to the performance of the NASDAQ-100 Index on a daily basis; it invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies included in the underlying index and in derivative instruments such as options and futures linked to the index. The fund offers share classes including Class A (RYATX, inception March 31, 2004), Class C (RYCOX, inception March 26, 2001), Investor Class (RYOCX, inception February 14, 1994), and Class H (RYHOX, inception September 18, 2014), with a net expense ratio of 1.50%, a front-end load of 4.75% for Class A, and a minimum initial investment of $2,500. Managed on a team basis by Security Investors, LLC, a subsidiary of Guggenheim Investments, with key portfolio managers Michael Byrum (since May 1, 1997), Brendan Cain, Spencer Crane, and Scott Miller (all since July 8, 2022), the fund focuses on large-cap growth stocks, primarily in technology (52.53%), communication services (15.95%), and consumer cyclical (12.85%) sectors, with top holdings including NVIDIA Corp (9.54%), Microsoft Corp (8.10%), Apple Inc (7.95%), Broadcom Inc (5.40%), and Amazon.com Inc (4.93%). Headquartered in New York, NY, under Guggenheim Partners, which oversees more than $330 billion in assets and acquired the Rydex Funds through its 2010 purchase of parent company Security Benefit Corp, the fund operates primarily in the United States, with total net assets of approximately $2.12 billion and Class A share class size of $141.96 million as of recent data. Recent developments include the addition of portfolio managers Brendan Cain, Spencer Crane, and Scott Miller on July 8, 2022, enhancing the team's management of the fund's index-tracking strategy; additionally, Guggenheim Investments executed reverse share splits for 14 Rydex funds, including related strategies, after market close on February 21, 2024, to address share price levels and improve operational efficiency.