Rydex NASDAQ-100 2x Strategy Fund
RYCCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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 - Leveraged
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Nov 20, 2000
- CIK
- 0001092720
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex NASDAQ-100 2x Strategy Fund (RYCCX) is an open-end mutual fund that seeks to deliver investment results corresponding to 200% of the daily performance of the NASDAQ-100 Index before fees and expenses. The fund employs a leveraged strategy through derivatives including swaps and futures contracts on the index, as well as direct investments in large-cap growth stocks from the technology, communication services, and consumer cyclical sectors; top holdings include NVIDIA Corp, Microsoft Corp, Apple Inc, Amazon.com Inc, and Broadcom Inc. It operates within the Trading--Leveraged Equity category, targeting sophisticated investors seeking amplified short-term exposure to the U.S. technology-heavy NASDAQ-100 benchmark, with assets under management for the C share class at approximately $7.41 million and total fund net assets around $1.50 billion. Launched on November 20, 2000, and domiciled in the United States with administrative offices associated with Security Investors, LLC in Wichita, Kansas, and legal addresses in Wilmington, Delaware, the fund is part of the Rydex Funds family managed by a team including Michael Byrum (since 2005) and co-managers Brendan Cain, Spencer Crane, and Scott Miller (since 2022). It is distributed by Guggenheim Funds Distributors, LLC, under the Guggenheim Investments umbrella following Guggenheim Partners' 2010 acquisition of Security Benefit Corp., the former parent of Rydex Funds. The C Class carries a net expense ratio of 2.50%, a 1.00% deferred load, and a minimum initial investment of $2,500. In recent developments, Guggenheim Investments retained the Rydex family of funds, including RYCCX, after selling its $2.6 billion actively managed equity business to New Age Alpha in a transaction expected to close in late 2024. Reverse share splits were implemented across 14 Rydex funds in February 2024 to address low share prices, enhancing operational efficiency without altering investment objectives. Manager updates in July 2022 introduced Brendan Cain, Spencer Crane, and Scott Miller as co-portfolio managers alongside veteran Michael Byrum, reflecting a team-based approach to navigating leveraged equity strategies.