Rydex Dow 2x Strategy Fund Class A
RYLDX
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
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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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
- Aug 31, 2004
- CIK
- 0001092720
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Rydex Dow 2x Strategy Fund Class A (RYLDX) is an open-end mutual fund that seeks to provide investment results corresponding to 200% of the daily performance, before fees and expenses, of the Dow Jones Industrial Average. The fund employs a leveraged investment strategy by investing at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments including common stocks of large-cap companies within the index's capitalization range and derivative instruments such as swaps and futures that exhibit economic characteristics similar to those securities; it is non-diversified and categorized in the Trading--Leveraged Equity segment with a high portfolio turnover rate exceeding 1,000%. Available share classes include A (RYLDX, inception September 1, 2004), C (RYCYX), and H (RYCVX), with a net expense ratio of 1.77%, front-end load of 4.75% for Class A, and total net assets of approximately $35 million as of late 2025. Managed by a team at Security Investors, LLC, including Michael Byrum (since 2006), Brendan Cain, Spencer Crane, and Scott Miller (since July 2022), the fund targets sophisticated investors seeking amplified short-term exposure to the U.S. large-cap value-oriented Dow Jones Industrial Average components across sectors like financial services (approximately 21%-27%), technology (16%-21%), healthcare, and industrials. The fund operates from the United States, with shares available for sale domestically through intermediaries such as Guggenheim Funds Distributors, LLC; it maintains daily pricing and telephone/web trading during market hours. In recent developments, Guggenheim Investments, which oversees the Rydex family of funds, announced in June 2024 the sale of its $2.6 billion actively managed equity business—encompassing 21 mutual and variable insurance funds—to New Age Alpha, a transaction expected to close in the fourth quarter of 2024 and retain Guggenheim's management of Rydex leveraged and index-based products like RYLDX. No further major acquisitions, partnerships, product launches, or strategic shifts specific to RYLDX have been reported through 2025.