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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$480.44

$987 M

0.00%

1.90%

Vitals

YTD Return

17.5%

1 yr return

65.3%

3 Yr Avg Return

14.2%

5 Yr Avg Return

30.5%

Net Assets

$987 M

Holdings in Top 10

40.2%

52 WEEK LOW AND HIGH

$481.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.90%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 252.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$480.44

$987 M

0.00%

1.90%

RYVLX - Profile

Distributions

  • YTD Total Return 17.5%
  • 3 Yr Annualized Total Return 14.2%
  • 5 Yr Annualized Total Return 30.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    NASDAQ-100® 2x Strategy Fund
  • Fund Family Name
    Guggenheim
  • Inception Date
    Jun 21, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • 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 derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and options on securities, futures contracts, and stock indices. While the Fund may write (sell) and purchase swaps, it expects primarily to purchase swaps. Swap agreements and futures and options contracts, if used properly, may enable the Fund to meet its objective by increasing the Fund’s exposure to the securities included in the underlying index or in the same proportion that those securities are represented in the Fund's benchmark. The Advisor attempts to consistently apply leverage to increase the Fund's exposure to 200% of the underlying index and expects to rebalance the Fund's holdings daily to maintain such exposure. The Fund’s use of derivatives and the leveraged investment exposure created by such use are expected to be significant. Certain of the Fund’s derivatives investments may be traded in the over-the-counter (“OTC”) market. The Fund also may invest in American Depositary Receipts (“ADRs”) to gain exposure to international companies included in the underlying index. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies in the underlying index.The NASDAQ-100 Index® is a modified capitalization-weighted index composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market with capitalizations ranging from $12.6 billion to $3.1 trillion as of June 30, 2023. To the extent the Fund’s underlying index is concentrated in a particular industry the Fund will necessarily be concentrated in that industry. While the Fund's sector exposure may vary over time, as of June 30, 2023, the Fund has significant exposure to the Communication Services Sector, Consumer Discretionary Sector, Consumer Staples Sector, Health Care Sector, and Information Technology Sector, as each sector is defined by the Global Industry Classification Standard, a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor's Financial Services LLC. Also, as of June 30, 2023, the underlying index components, and thus the Fund's investments, are concentrated (i.e., more than 25% of its assets) in securities issued by companies in the Semiconductors & Semiconductor Equipment Industry, Software Industry, and Technology Hardware, Storage & Peripherals Industry, separate industries within the Information Technology Sector. The industries in which the underlying index components, and thus the Fund's investments, may be concentrated will vary as the composition of the underlying index changes over time.On a day-to-day basis, the Fund may hold U.S. government securities or cash equivalents. The Fund also may enter into repurchase agreements with counterparties that are deemed to present acceptable credit risks. In an effort to ensure that the Fund is fully invested on a day-to-day basis, the Fund may conduct any necessary trading activity at or just prior to the close of the U.S. financial markets. The Fund is non-diversified and, therefore, may invest a greater percentage of its assets in a particular issuer in comparison to a diversified fund.Investments in derivative instruments, such as futures, options and swap agreements, have the economic effect of creating financial leverage in the Fund’s portfolio because such investments may give rise to losses that exceed the amount the Fund has invested in those instruments. Financial leverage will magnify, sometimes significantly, the Fund’s exposure to any increase or decrease in prices associated with a particular reference asset resulting in increased volatility in the value of the Fund’s portfolio. The value of the Fund’s portfolio is likely to experience greater volatility over short-term periods. While such financial leverage has the potential to produce greater gains, it also may result in greater losses, which in some cases may cause the Fund to liquidate other portfolio investments at a loss to comply with limits on leverage imposed by the Investment Company Act of 1940, satisfy margin or collateral requirements, or meet redemption requests.
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RYVLX - Performance

Return Ranking - Trailing

Period RYVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.5% -21.0% 83.1% 35.44%
1 Yr 65.3% -19.3% 227.7% 13.29%
3 Yr 14.2%* -55.1% 56.2% 13.29%
5 Yr 30.5%* -46.5% 60.1% 8.97%
10 Yr 29.7%* -44.1% 45.6% 7.35%

* Annualized

Return Ranking - Calendar

Period RYVLX Return Category Return Low Category Return High Rank in Category (%)
2023 116.1% -56.9% 257.9% 7.59%
2022 -60.6% -91.0% 124.5% 85.44%
2021 44.8% -79.4% 168.2% 33.54%
2020 72.3% -97.4% 132.6% 8.23%
2019 71.5% -53.1% 229.8% 18.59%

Total Return Ranking - Trailing

Period RYVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.5% -21.0% 83.1% 35.44%
1 Yr 65.3% -19.3% 227.7% 13.29%
3 Yr 14.2%* -55.1% 56.2% 13.29%
5 Yr 30.5%* -46.5% 60.1% 8.97%
10 Yr 29.7%* -44.1% 45.6% 7.35%

* Annualized

Total Return Ranking - Calendar

Period RYVLX Return Category Return Low Category Return High Rank in Category (%)
2023 116.1% -55.8% 259.6% 7.59%
2022 -60.6% -91.0% 130.7% 86.08%
2021 53.3% -79.4% 168.2% 31.01%
2020 88.2% -97.4% 132.6% 6.33%
2019 80.7% -52.7% 231.9% 12.82%

NAV & Total Return History


RYVLX - Holdings

Concentration Analysis

RYVLX Category Low Category High RYVLX % Rank
Net Assets 987 M 2.15 M 22.2 B 7.19%
Number of Holdings 114 5 1988 25.31%
Net Assets in Top 10 451 M 1.37 M 8.6 B 9.88%
Weighting of Top 10 40.22% 14.0% 117.8% 83.33%

Top 10 Holdings

  1. Apple, Inc. 6.25%
  2. Microsoft Corp. 5.83%
  3. Federal Home Loan Bank 5.35%
  4. U.S. Treasury Bills 5.11%
  5. J.P. Morgan Securities LLC 3.50%
  6. Amazon.com, Inc. 3.28%
  7. BofA Securities, Inc. 2.82%
  8. Broadcom, Inc. 2.81%
  9. U.S. Treasury Bills 2.66%
  10. Meta Platforms, Inc. 2.61%

Asset Allocation

Weighting Return Low Return High RYVLX % Rank
Stocks
67.76% 0.00% 108.93% 55.56%
Bonds
14.53% 0.00% 59.38% 4.32%
Cash
10.26% 0.00% 98.79% 37.04%
Other
7.44% -19.94% 99.48% 69.75%
Preferred Stocks
0.00% 0.00% 3.17% 20.37%
Convertible Bonds
0.00% 0.00% 0.32% 30.25%

Stock Sector Breakdown

Weighting Return Low Return High RYVLX % Rank
Technology
48.29% 0.00% 100.00% 11.20%
Communication Services
17.03% 0.00% 100.00% 16.80%
Consumer Cyclical
16.99% 0.00% 94.15% 18.40%
Healthcare
6.16% 0.00% 100.00% 41.60%
Consumer Defense
5.49% 0.00% 52.46% 28.80%
Industrials
3.92% 0.00% 100.00% 45.60%
Utilities
1.13% 0.00% 100.00% 33.60%
Financial Services
0.98% 0.00% 100.00% 60.00%
Real Estate
0.00% 0.00% 100.00% 52.00%
Energy
0.00% 0.00% 100.00% 63.20%
Basic Materials
0.00% 0.00% 100.00% 69.60%

Stock Geographic Breakdown

Weighting Return Low Return High RYVLX % Rank
US
67.76% 0.00% 108.93% 55.56%
Non US
0.00% 0.00% 20.00% 19.14%

Bond Sector Breakdown

Weighting Return Low Return High RYVLX % Rank
Derivative
1.12% -56.86% 33.07% 43.04%
Cash & Equivalents
0.26% 0.00% 98.47% 48.10%
Securitized
0.00% 0.00% 24.07% 33.83%
Corporate
0.00% 0.00% 28.64% 37.59%
Municipal
0.00% 0.00% 0.02% 29.32%
Government
0.00% 0.00% 7.50% 35.34%

Bond Geographic Breakdown

Weighting Return Low Return High RYVLX % Rank
US
14.53% 0.00% 59.38% 4.32%
Non US
0.00% 0.00% 0.00% 18.52%

RYVLX - Expenses

Operational Fees

RYVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.90% 0.68% 8.96% 37.34%
Management Fee 0.90% 0.00% 0.95% 81.44%
12b-1 Fee 0.25% 0.00% 1.00% 49.61%
Administrative Fee 0.25% 0.03% 0.25% 5.71%

Sales Fees

RYVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 4.75% 4.75% 9.09%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RYVLX 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.

RYVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 252.00% 0.00% 266.00% 79.17%

RYVLX - Distributions

Dividend Yield Analysis

RYVLX Category Low Category High RYVLX % Rank
Dividend Yield 0.00% 0.00% 18.26% 86.83%

Dividend Distribution Analysis

RYVLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annual

Net Income Ratio Analysis

RYVLX Category Low Category High RYVLX % Rank
Net Income Ratio -1.17% -2.77% 2.92% 71.52%

Capital Gain Distribution Analysis

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

Distributions History

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RYVLX - Fund Manager Analysis

Managers

Michael Byrum


Start Date

Tenure

Tenure Rank

May 01, 2005

17.09

17.1%

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

14.22

14.2%

Ryan A. Harder, CFA, Managing Director and 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
1.79 28.9 9.84 8.67