Frequently Asked Questions About RYLDX

What does RYLDX invest in?

The fund's investment strategy primarily involves acquiring common stocks of companies whose market capitalization generally corresponds to that of its underlying benchmark index, alongside the utilization of derivative instruments. A substantial portion—specifically, at least 80% of its net assets, plus any capital borrowed for investment purposes—is dedicated to financial instruments designed to mirror the economic performance characteristics of the securities within that reference index. It is important to note that this fund is structured as non-diversified.

What is the expense ratio of RYLDX?

Rydex Dow 2x Strategy Fund Class A (RYLDX) charges an expense ratio of 1.77%. This is the annual fee deducted from fund assets to cover management and operations.

Is RYLDX a good long-term hold?

RYLDX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does RYLDX's daily reset work?

RYLDX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is RYLDX?

Rydex Dow 2x Strategy Fund Class A (RYLDX) is one share class of a fund that manages $41.2M across all of its share classes (RYCVX, RYCYX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RYLDX actively managed or an index fund?

RYLDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

RYLDX

Rydex Dow 2x Strategy Fund Class A

NASDAQ·Asset Management, Leveraged · Financial Services

$225.58$1.25−0.55%

Market closed·Oct 29 4:00 PM EDT

Price Chart

$225.58−$1.25 (−0.55%)today

+48.45%past 5 yearsCAGR +8.24%

Select date range

FromTo

Aug 31, 2004Oct 30, 2021 → Oct 29, 2026· 5.0 yrsOct 29, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$2.91

Distribution Yield (FWD)1.29%

Annual Distribution (TTM)$2.91

Distribution Yield (TTM)1.29%

Distribution Growth (5Y)−4.2%

FrequencyAnnual

Most Recent$2.91

Ex-Dividend DateDec 16

Payment DateDec 16

DiversificationDiversification Tab

Holdings36

Top 10 Weight40.1%

Top 25 Weight70.0%

Effective Holdings22

Sectors—

Largest HoldingCAT · 8.6%

Largest Sector—

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.77%

Cost per 10k Invested$177

AUM (All Share Classes)$41.24M

Avg Daily Volume—

Price$225.58

NAV (Oct 29)$225.58

Premium / Discount+0.00%

52-Week Range$172.93 – $245.64

Beta1.74

Fund Overview

Cost Verdict

Is RYLDX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: —
Asset Class: Equity
Strategy: Leveraged
Inception: August 31, 2004
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: US78355Y8883
CUSIP: 78355Y888
Website: portal.guggenheiminvestments.com/mutual-funds/fund/ryldx-dow-2x-strategy

Peers

Peers Tab

RYCVX

Rydex Dow 2x Strategy Fund Class H

Cap

$41.7M

RYAWX

Rydex S&P 500 Pure Growth H

Cap

$29.7M

RLSFX

RiverPark Long/Short Opportunity Fd Retail

Cap

$26.0M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About RYLDX

What does RYLDX invest in?: The fund's investment strategy primarily involves acquiring common stocks of companies whose market capitalization generally corresponds to that of its underlying benchmark index, alongside the utilization of derivative instruments. A substantial portion—specifically, at least 80% of its net assets, plus any capital borrowed for investment purposes—is dedicated to financial instruments designed to mirror the economic performance characteristics of the securities within that reference index. It is important to note that this fund is structured as non-diversified.
What is the expense ratio of RYLDX?: Rydex Dow 2x Strategy Fund Class A (RYLDX) charges an expense ratio of 1.77%. This is the annual fee deducted from fund assets to cover management and operations.
Is RYLDX a good long-term hold?: RYLDX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does RYLDX's daily reset work?: RYLDX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is RYLDX?: Rydex Dow 2x Strategy Fund Class A (RYLDX) is one share class of a fund that manages $41.2M across all of its share classes (RYCVX, RYCYX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is RYLDX actively managed or an index fund?: RYLDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.