Mutual Funds - Profile

Rydex Nova Fund

US > >

Rank

Universe Rank

Summary

The fund seeks to provide investment returns that match, before fees and expenses, 150% of the daily performance of the benchmark index by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in the common stock of companies included in the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds, futures contracts, and More

Price

  • Last Close
  • $135.93
    +0
  • 52 Week HL
  • $137.26 - $83.18
  • Net Assets
  • $222.04 M
  • Expense Ratio

Portfolio

  • Holdings
  • -
  • Turnover Ratio
  • -

Manager

  • Name
  • Michael P. Byrum
  • Leadership
  • Single Manager
  • Tenure
  • 2003
  • Advisor

Documents

  • Prospectus
  • Fact Sheet
  • Annual Reports

Performance
34 % YTD

  • 3 Year
  • 110.81%
  • 5 Year
  • 190.43%
  • Best
  • 45.25%
    2019
  • Worst
  • -10.43%
    2018

Returns +
A

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
RYNHX 0%16%29%-6%19%8%-1%14%29%13%0%
S&P 500 22%16%29%-6%19%10%-1%0%30%13%0%

Returns +
Q

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 8.7% -31.7% 20% -2.4% 8.5% 0.9% 0.9% - - - -
Q2 12.4% 31% 3.8% 8% 4% 3% -0.1% -100% - - -
Q3 8.5% 13.1% 0.4% 10.4% 6.1% 5.2% -10.4% -3% - - -
Q4 6.6% 17.3% 12.9% -21.1% 8.7% 5.2% 10% 6.8% - - -

Returns +
M

J F M A M J J A S O N D
2021 -1.7% 4% 6.4% 7.9% 0.8% 3.3% 3.4% 4.4% 0.5% 0.8% - -
2020 -0.3% -12.4% -21.9% 19.4% 6.2% 3.3% 8.5% 10.8% -5.9% -4.2% 16.7% 4.9%

Annual Return

Index Comparison

Alpha

NAV