Rydex Dow 2x Strategy Fund Class A (RYLDX)
Rydex Dow 2x Strategy Fund Class A operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $240.76, up 0.11% on the session, giving a market capitalisation of $42.6M. Its beta of 1.73 implies it has historically moved more than the broad market.
The fund's investment strategy primarily involves acquiring common stocks of companies whose market capitalization generally corresponds to that of its underlying benchmark index, alongside the utilization of derivative instruments. A substantial portion—specifically, at least 80% of its net assets, plus any capital borrowed for investment purposes—is dedicated to financial instruments designed to mirror the economic performance characteristics of the securities within that reference index. It is important to note that this fund is structured as non-diversified.
Rydex Dow 2x Strategy Fund Class A is most often compared with the following Financial Services names: