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RYAIX

Inverse NASDAQ-100® Strategy

Price $15.32
Change ($0.02) / -0.13%
As of 11/22/24
 
Resources
Fact Card
Prospectus
Summary Prospectus
 
Semi-Annual Financial Report
Annual Financial Report

Investment Strategy

Seeks to provide investment results that match, before fees and expenses, the inverse (opposite) of the daily performance of the NASDAQ-100 Index®.

Fund Highlights and Applications

  • Employs a strategy that seeks to inversely correspond 100% to the daily performance of the underlying index
  • Provides an alternative to shorting individual stocks
  • A potential portfolio hedge against market declines due to its inverse correlation to the underlying benchmark

Distributions
Most Recent Income $0.867424
Dividend $0.867424
Most Recent Capital Gain $0.000000

Fees and Expenses
Gross Expense Ratio 1.56%
Net Expense Ratio 1.47%  

Symbols & CUSIPs

Class Symbol CUSIP Inception
A RYAPX 78355E437 3/31/04
C RYACX 783554348 3/7/01
Inv RYAIX 783554512 9/3/98
H RYALX 78356C596 9/18/14

Investment Team

Team Managed 

Operations

Fund Type Rydex
Distribution Frequency Annual (if applicable)
Benchmark NASDAQ-100 Index
Telephone 800.820.0888
Trading Hours Phone: 9:30 AM - 3:45 PM ET
Web: 9:30 AM - 3:55 PM ET
Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut - off times for processing your transaction.
Investment Adviser Security Investors, LLC
Distributor Guggenheim Funds Distributors, LLC
Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized.Performance shown reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.75%. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends.

Inverse and leveraged Funds are not suitable for all investors. •These Funds should be utilized only by investors who (a) understand the risks associated with the use of leverage, (b) understand the consequences of seeking daily leveraged investment results, (c) understand the risk of shorting, and (d) intend to actively monitor and manage their investments. •The more a Fund invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments. •Inverse Funds involve certain risks, which include increased volatility due to the Funds’ possible use of short sales of securities and derivatives, such as options and futures. •The Funds’ use of derivatives, such as futures, options and swap agreements, may expose the Funds’ shareholders to additional risks that they would not be subject to if they invested directly in the securities underlying those derivatives. •Short-selling involves increased risks and costs. You risk paying more for a security than you received from its sale. •Leveraged and inverse Funds seek to provide investment results that match the performance of a specific benchmark, before fees and expenses, on a daily basis. Because the Funds seek to track the performance of their benchmark on a daily basis, mathematical compounding, especially with respect to those Funds that use leverage as part of their investment strategy, may prevent a fund from correlating with the monthly, quarterly, annual or other period performance of its benchmark. Due to the compounding of daily returns, leveraged and inverse Funds’ returns over periods other than one day will likely differ in amount and possibly direction from the benchmark return for the same period. For those Funds that consistently apply leverage, the value of the fund’s shares will tend to increase or decrease more than the value of any increase or decrease in its benchmark index. The Funds rebalance their portfolios on a daily basis, increasing exposure in response to that day’s gains or reducing exposure in response to that day’s losses. Daily rebalancing will impair a fund’s performance if the benchmark experiences volatility. Investors should monitor their leveraged and inverse Funds’ holdings consistent with their strategies, as frequently as daily. •For more on these and other risks, please read the prospectus. •There are no assurances that any Rydex fund will achieve its objective and/or strategy. •This fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. This fund is subject to active trading and tracking error risks, which may increase volatility, impact the fund’s ability to achieve its investment objective and may decrease the fund’s performance.

This fund is not sponsored, endorsed, sold or promoted by the Nasdaq. The Nasdaq makes no warranty, implied or expressed, to the purchasers of the fund or any member of the public regarding the advisability of investing in index funds or the ability of the Nasdaq to track general stock market performance. The Nasdaq does not guarantee the accuracy and/or the completeness of the Nasdaq 100 Index® or any data included therein.

The Advisor has contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee paid to the Advisor by the Subsidiary through August 1, 2024. Read the prospectus for more information regarding fees and expenses.

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Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

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• Not FDIC Insured • No Bank Guarantee • May Lose Value

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