Rydex High Yield Strategy Fund Class A (RYHDX) NASDAQ
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Address
702 King Farm Boulevard
Rockville, MD 20850
United States of America (the)
Phone
301-296-5100
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
April 13, 2007
The fund's primary objective is to deliver investment returns that closely track the performance of the high yield bond market, before accounting for any fees and operational expenses. It commits a minimum of 80% of its net assets, along with any capital borrowed for investment purposes, to financial instruments engineered to mimic the economic characteristics of the U.S. and Canadian high-yield bond markets, or directly to high-yield debt securities. To gain this market exposure, the fund predominantly invests in derivative instruments like credit default swaps, swaps on exchange-traded funds (ETFs), and bond futures. It is important to note that this fund is not diversified.