Rydex NASDAQ-100 Fund Class A (RYATX) NASDAQ
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Address
702 King Farm Boulevard
United States of America (the)
Phone
800-820-0888
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
March 31, 2004
The primary objective of this fund is to replicate the daily performance of the NASDAQ-100 Index® (which focuses on over-the-counter securities), before any fees or expenses are factored in. Its investment strategy involves purchasing common stock from companies whose market capitalization falls within a similar range to those in the underlying index, alongside the use of various derivative instruments. A foundational rule dictates that a minimum of 80% of its net assets, along with any funds borrowed for investment purposes, must be committed to securities found within the index, derivatives, or other financial tools designed to track the index's performance. This fund operates as a non-diversified investment vehicle.