Rydex Series Funds Nasdaq-100 Fund Class A (RYATX)

Overview

The fund is a sophisticated investment vehicle that primarily focuses on allocating its assets towards securities of significant non-financial companies listed on The Nasdaq Stock Market. It aims to mirror the performance of the underlying index, which is a modified capitalization-weighted index of the 100 largest companies by market cap, excluding financial firms. These companies' capitalizations vary widely, showcasing a diverse range of sizes within the non-financial sector. The fund employs a strategy that involves investing at least 80% of its net assets, in addition to any borrowings for investment purposes, in both direct securities of the indexed companies and in derivative instruments that are expected to perform in line with the index. It's important to note that the fund adopts a non-diversified approach, meaning it may concentrate its investments more heavily in fewer sectors or companies than diversified funds.

Products and Services

• Securities of Non-Financial Companies

The fund invests a significant portion of its assets in the securities of the largest non-financial companies listed on The Nasdaq Stock Market. These investments aim to replicate the performance of the underlying index, capitalizing on the growth and stability of top-performing companies in various sectors excluding the financial industry.

• Derivative Instruments

Apart from direct investment in securities, the fund also allocates assets towards derivative instruments. These derivatives are chosen based on their expected ability to correspond to the performance of the underlying index. This strategy provides additional avenues for the fund to achieve its investment objectives, leveraging financial instruments that can enhance returns or provide hedging against market volatility.