Rydex NASDAQ-100 Fund Investor Class (RYOCX)
Rydex NASDAQ-100 Fund Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $109.89, 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.
The fund's primary objective is to mirror, on a daily basis and before the deduction of fees and expenses, the investment performance of the NASDAQ-100 Index®. To achieve this, it employs a strategy of investing in the common equities of companies typically falling within the underlying index's market capitalization range, alongside utilizing derivative instruments. A minimum of 80% of its net assets, including any assets acquired through borrowing for investment, will be committed to securities of companies included in the underlying index, as well as derivatives and other financial instruments designed to reflect the index's performance. It is structured as a non-diversified fund.
Rydex NASDAQ-100 Fund Investor Class is most often compared with the following Financial Services names: