Rydex NASDAQ-100 Fund Class A (RYATX)
Rydex NASDAQ-100 Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $95.66, down 0.32% on the session, giving a market capitalisation of $2.36B. Its beta of 1.28 implies it has historically moved more than the broad market.
The primary objective of this fund is to replicate the daily performance of the NASDAQ-100 Index® (which focuses on over-the-counter securities), before any fees or expenses are factored in. Its investment strategy involves purchasing common stock from companies whose market capitalization falls within a similar range to those in the underlying index, alongside the use of various derivative instruments. A foundational rule dictates that a minimum of 80% of its net assets, along with any funds borrowed for investment purposes, must be committed to securities found within the index, derivatives, or other financial tools designed to track the index's performance. This fund operates as a non-diversified investment vehicle.
Rydex NASDAQ-100 Fund Class A is most often compared with the following Financial Services names: