RYNVX: Rydex Nova Fund - MutualFunds.com
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Rydex Nova Inv

RYNVX - Snapshot

Vitals

  • YTD Return 17.6%
  • 3 Yr Annualized Return 20.3%
  • 5 Yr Annualized Return 20.5%
  • Net Assets $388 M
  • Holdings in Top 10 77.3%

52 WEEK LOW AND HIGH

$129.61
$71.63
$130.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load N/A
  • 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 RYNVX 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%

RYNVX - Profile

Distributions

  • YTD Total Return 17.6%
  • 3 Yr Annualized Total Return 20.3%
  • 5 Yr Annualized Total Return 20.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rydex Nova Fund
  • Fund Family Name
    Rydex Funds
  • Inception Date
    Jul 12, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Byrum

Fund Description

The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds ("ETFs"), futures contracts, and options on securities, futures contracts, and stock indices. The fund is non-diversified.


RYNVX - Performance

Return Ranking - Trailing

Period RYNVX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% -91.5% 100.7% 52.57%
1 Yr 90.5% -12.9% 1610.3% 72.53%
3 Yr 20.3%* -80.5% 81.7% 25.58%
5 Yr 20.5%* -63.0% 84.8% 44.17%
10 Yr 17.7%* -51.1% 48.3% 38.69%

* Annualized

Return Ranking - Calendar

Period RYNVX Return Category Return Low Category Return High Rank in Category (%)
2020 19.0% -77.6% 1505.0% 38.15%
2019 45.6% -58.1% 806.3% 47.90%
2018 -10.2% -78.0% 36.9% 20.71%
2017 28.6% -70.1% 314.9% 53.37%
2016 13.8% -82.0% 1431.2% 58.13%

Total Return Ranking - Trailing

Period RYNVX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% -90.8% 105.5% 53.71%
1 Yr 90.5% -12.9% 1610.3% 72.53%
3 Yr 20.3%* -80.5% 81.7% 25.58%
5 Yr 20.5%* -63.0% 84.8% 43.56%
10 Yr 17.7%* -51.1% 48.3% 38.69%

* Annualized

Total Return Ranking - Calendar

Period RYNVX Return Category Return Low Category Return High Rank in Category (%)
2020 19.0% -97.4% 379.3% 35.84%
2019 45.6% -58.1% 229.8% 47.31%
2018 -10.2% -74.3% 36.9% 21.30%
2017 28.6% -40.2% 263.7% 60.12%
2016 13.8% -62.9% 167.0% 58.75%

NAV & Total Return History


RYNVX - Holdings

Concentration Analysis

RYNVX Category Low Category High RYNVX % Rank
Net Assets 388 M 445 K 11.3 B 16.49%
Number of Holdings 519 5 2085 5.85%
Net Assets in Top 10 97.6 M 635 K 26.2 B 33.33%
Weighting of Top 10 77.31% 19.7% 100.0% 15.70%

Top 10 Holdings

  1. Apple Inc 14.95%
  2. Microsoft Corp 11.85%
  3. United States Treasury Bills 0.08% 10.38%
  4. Guggenheim Ultra Short Duration Instl 10.13%
  5. Amazon.com Inc 9.79%
  6. Guggenheim Strategy II 8.47%
  7. Guggenheim Strategy II 8.47%
  8. Guggenheim Strategy II 8.47%
  9. Guggenheim Strategy II 8.47%
  10. Guggenheim Strategy II 8.47%

Asset Allocation

Weighting Return Low Return High RYNVX % Rank
Stocks
223.72% -0.26% 300.03% 4.68%
Cash
16.22% -200.03% 88.92% 63.74%
Bonds
7.17% 0.00% 25.73% 10.53%
Convertible Bonds
0.11% 0.00% 13.45% 36.84%
Preferred Stocks
0.00% 0.00% 0.02% 31.58%
Other
-147.21% -147.21% 193.96% 99.42%

Stock Sector Breakdown

Weighting Return Low Return High RYNVX % Rank
Technology
24.19% 0.00% 100.00% 28.67%
Healthcare
13.55% 0.00% 100.00% 23.78%
Financial Services
13.50% 0.00% 100.00% 27.97%
Consumer Cyclical
12.50% 0.00% 94.42% 41.26%
Communication Services
10.77% 0.00% 100.00% 28.67%
Industrials
8.79% 0.00% 100.00% 26.57%
Consumer Defense
6.97% 0.00% 64.70% 18.88%
Utilities
2.76% 0.00% 100.00% 16.78%
Real Estate
2.42% 0.00% 100.00% 24.48%
Energy
2.28% 0.00% 100.00% 27.27%
Basic Materials
2.27% 0.00% 100.00% 35.66%

Stock Geographic Breakdown

Weighting Return Low Return High RYNVX % Rank
US
221.68% -9.96% 300.01% 4.68%
Non US
2.04% 0.00% 87.59% 37.43%

Bond Sector Breakdown

Weighting Return Low Return High RYNVX % Rank
Cash & Equivalents
67.02% 67.02% 100.00% 99.40%
Securitized
16.06% 0.00% 16.06% 1.80%
Corporate
13.05% 0.00% 13.49% 32.93%
Government
2.91% 0.00% 20.30% 8.98%
Municipal
0.77% 0.00% 0.77% 1.80%
Derivative
0.19% 0.00% 1.43% 5.39%

Bond Geographic Breakdown

Weighting Return Low Return High RYNVX % Rank
US
5.61% 0.00% 24.02% 10.53%
Non US
1.56% 0.00% 2.08% 5.26%

RYNVX - Expenses

Operational Fees

RYNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.88% 9.92% 69.51%
Management Fee 0.75% 0.00% 0.95% 28.87%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.03% 0.25% 82.50%

Sales Fees

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

Trading Fees

RYNVX 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.

RYNVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 376.00% 97.71%

RYNVX - Distributions

Dividend Yield Analysis

RYNVX Category Low Category High RYNVX % Rank
Dividend Yield 0.00% 0.00% 5.52% 42.27%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RYNVX Category Low Category High RYNVX % Rank
Net Income Ratio 0.71% -2.08% 3.47% 17.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RYNVX - Fund Manager Analysis

Managers

Michael Byrum


Start Date

Tenure

Tenure Rank

Jul 12, 1993

27.74

27.7%

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.

Ryan Harder


Start Date

Tenure

Tenure Rank

Mar 14, 2008

13.05

13.1%

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.

Tenure Analysis

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