Rydex NASDAQ-100 Fund Class H (RYHOX)
Rydex NASDAQ-100 Fund Class H operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $95.63, down 0.33% 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.
This fund aims to generate investment returns that closely mirror the daily performance of the NASDAQ-100 Index, before factoring in any associated fees or expenses. Its primary investment approach involves allocating capital to the common stocks of companies whose market capitalization typically falls within the range of the underlying index, complemented by the use of derivative instruments. A significant portion—at least 80%—of its net assets, including any funds borrowed for investment purposes, will be dedicated to securities found within the benchmark index, or to derivatives and other financial tools specifically engineered to track its performance. It should be noted that this fund operates with a non-diversified portfolio.
Rydex NASDAQ-100 Fund Class H is most often compared with the following Financial Services names: