RMQAX: Rydex Monthly Rebalance NASDAQ-100® 2x Strategy Fund - MutualFunds.com
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Rydex Monthly Rbl NASDAQ-100® 2x Strt A

RMQAX - Snapshot

Vitals

  • YTD Return 18.0%
  • 3 Yr Annualized Return 49.2%
  • 5 Yr Annualized Return 47.2%
  • Net Assets $90.7 M
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$406.10
$171.94
$406.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.83%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Leveraged Equity

Compare RMQAX to Popular Leveraged Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$111.81

+0.42%

$11.27 B

-

$0.00

-40.18%

0.98%

$42.75

-1.66%

$4.49 B

0.06%

$0.03

-91.51%

1.06%

$134.47

+0.27%

$3.96 B

-

$0.00

14.66%

0.99%

$113.29

+0.70%

$3.35 B

0.14%

$0.15

22.81%

0.91%

$101.65

+1.95%

$2.81 B

0.29%

$0.29

65.89%

1.03%

RMQAX - Profile

Distributions

  • YTD Total Return 18.0%
  • 3 Yr Annualized Total Return 46.8%
  • 5 Yr Annualized Total Return 45.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rydex Monthly Rebalance NASDAQ-100® 2x Strategy Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    Nov 28, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Harder

Fund Description

The fund's current benchmark is 200% of the performance of the NASDAQ-100 Index® (the "underlying index"). Under normal circumstances, it will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and securities and financial instruments with economic characteristics that should perform similarly to the securities of companies in the fund's benchmark. It is non-diversified.


RMQAX - Performance

Return Ranking - Trailing

Period RMQAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.0% -91.5% 100.7% 49.71%
1 Yr 164.8% -12.9% 1610.3% 27.47%
3 Yr 49.2%* -80.5% 81.7% 2.91%
5 Yr 47.2%* -63.0% 84.8% 3.68%
10 Yr N/A* -51.1% 48.3% N/A

* Annualized

Return Ranking - Calendar

Period RMQAX Return Category Return Low Category Return High Rank in Category (%)
2020 90.1% -77.6% 1505.0% 9.25%
2019 80.6% -58.1% 806.3% 11.98%
2018 -7.3% -78.0% 36.9% 14.20%
2017 69.8% -70.1% 314.9% 16.56%
2016 11.5% -82.0% 1431.2% 61.88%

Total Return Ranking - Trailing

Period RMQAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.0% -90.8% 105.5% 51.43%
1 Yr 152.3% -12.9% 1610.3% 36.81%
3 Yr 46.8%* -80.5% 81.7% 5.23%
5 Yr 45.8%* -63.0% 84.8% 5.52%
10 Yr N/A* -51.1% 48.3% N/A

* Annualized

Total Return Ranking - Calendar

Period RMQAX Return Category Return Low Category Return High Rank in Category (%)
2020 90.1% -97.4% 379.3% 4.05%
2019 80.6% -58.1% 229.8% 11.38%
2018 -7.3% -74.3% 36.9% 14.79%
2017 69.8% -40.2% 263.7% 18.40%
2016 11.5% -62.9% 167.0% 63.75%

NAV & Total Return History


RMQAX - Holdings

Concentration Analysis

RMQAX Category Low Category High RMQAX % Rank
Net Assets 90.7 M 445 K 11.3 B 34.54%
Number of Holdings 118 5 2085 28.65%
Net Assets in Top 10 195 M 635 K 26.2 B 23.39%
Weighting of Top 10 44.72% 19.7% 100.0% 80.17%

Top 10 Holdings

  1. United States Treasury Bills 0.08% 10.94%
  2. Apple Inc 8.41%
  3. United States Treasury Bills 0.09% 7.33%
  4. United States Treasury Bills 0.08% 6.62%
  5. Microsoft Corp 6.27%
  6. Amazon.com Inc 6.09%
  7. United States Treasury Bills 0.14% 5.67%
  8. Guggenheim Ultra Short Duration Instl 4.65%
  9. Guggenheim Strategy II 4.29%
  10. Guggenheim Strategy II 4.29%

Asset Allocation

Weighting Return Low Return High RMQAX % Rank
Stocks
69.63% -0.26% 300.03% 63.16%
Cash
18.40% -200.03% 88.92% 60.23%
Other
9.27% -147.21% 193.96% 8.77%
Bonds
2.66% 0.00% 25.73% 12.28%
Convertible Bonds
0.04% 0.00% 13.45% 42.11%
Preferred Stocks
0.00% 0.00% 0.02% 58.48%

Stock Sector Breakdown

Weighting Return Low Return High RMQAX % Rank
Technology
44.19% 0.00% 100.00% 11.89%
Consumer Cyclical
19.03% 0.00% 94.42% 19.58%
Communication Services
18.94% 0.00% 100.00% 18.88%
Healthcare
6.71% 0.00% 100.00% 40.56%
Consumer Defense
5.10% 0.00% 64.70% 37.76%
Industrials
2.79% 0.00% 100.00% 45.45%
Financial Services
2.27% 0.00% 100.00% 51.75%
Utilities
0.97% 0.00% 100.00% 33.57%
Real Estate
0.00% 0.00% 100.00% 73.43%
Energy
0.00% 0.00% 100.00% 81.12%
Basic Materials
0.00% 0.00% 100.00% 82.52%

Stock Geographic Breakdown

Weighting Return Low Return High RMQAX % Rank
US
67.02% -9.96% 300.01% 60.82%
Non US
2.61% 0.00% 87.59% 30.99%

Bond Sector Breakdown

Weighting Return Low Return High RMQAX % Rank
Cash & Equivalents
85.23% 67.02% 100.00% 91.62%
Securitized
7.43% 0.00% 16.06% 5.39%
Corporate
6.50% 0.00% 13.49% 37.72%
Government
0.39% 0.00% 20.30% 10.78%
Municipal
0.34% 0.00% 0.77% 4.79%
Derivative
0.11% 0.00% 1.43% 8.38%

Bond Geographic Breakdown

Weighting Return Low Return High RMQAX % Rank
US
2.01% 0.00% 24.02% 12.28%
Non US
0.65% 0.00% 2.08% 10.53%

RMQAX - Expenses

Operational Fees

RMQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.83% 0.88% 9.92% 43.90%
Management Fee 0.90% 0.00% 0.95% 85.05%
12b-1 Fee 0.25% 0.00% 1.00% 61.19%
Administrative Fee N/A 0.03% 0.25% 94.48%

Sales Fees

RMQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 4.75% 4.75% 72.73%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RMQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RMQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 376.00% 99.56%

RMQAX - Distributions

Dividend Yield Analysis

RMQAX Category Low Category High RMQAX % Rank
Dividend Yield 0.00% 0.00% 5.52% 65.98%

Dividend Distribution Analysis

RMQAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

RMQAX Category Low Category High RMQAX % Rank
Net Income Ratio 0.15% -2.08% 3.47% 42.68%

Capital Gain Distribution Analysis

RMQAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

RMQAX - Fund Manager Analysis

Managers

Ryan Harder


Start Date

Tenure

Tenure Rank

Nov 28, 2014

6.34

6.3%

Ryan A. Harder, CFA, Portfolio Manager of Security Investors. Mr. Harder joined the Investment Manager in 2010.He also joined Rydex Investments in 2004 as an assistant portfolio manager, was promoted to portfolio manager in 2005 and has served in his current capacity since 2008. Prior to joining Rydex Investments, he served in various capacities with WestLB Asset Management, including as an assistant portfolio manager, and worked in risk management at CIBC World Markets.He holds a B.A. in Economics from Brock University in Ontario, Canada and a Master of Science in International Securities, Investment and Banking from the ICMA Centre at the University of Reading in the U.K. Harder holds the Chartered Financial Analyst designation.

Michael Byrum


Start Date

Tenure

Tenure Rank

Nov 28, 2014

6.34

6.3%

Michael P. Byrum, CFA, Senior Vice President—Mr. Byrum has been associated with the Security Investors since 1993. Mr. Byrum was the inaugural portfolio manager for many of the Rydex products, including the Rydex leveraged and inverse funds, sector fund lineup and alternative investment portfolios. Today, Mr. Byrum continues to play an instrumental role in product development and investment strategy at Guggenheim Investments and oversees the trading, research and portfolio management activities of the quantitative strategies team, which focuses on target beta, alternative and asset allocation strategies. He is the chairman of the Investment Strategy Committee and is a member of the Risk Management Committee and Credit Review Committee. Prior to joining the Security Investors, Mr. Byrum served in a brokerage capacity with Money Management Associates, the registered investment advisor to Rushmore Funds, Inc. He earned a B.S. in finance from the Miami University of Ohio. He also has earned the right to use the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA Society of Washington.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 27.74 7.08 7.5