Rydex Nova Inv
9601 Blackwell Road Suite 500 Rockville MD 20850
Map
Phone: 800-820-0888
| Category: | Large Blend | | Fund Family: | Rydex | | Net Assets: | 67.09M | | Year-to-Date Return: | -18.61% | | Yield: | 2.71% | | Morningstar Rating: |  | | Fund Inception Date: | 12-Jul-93 |
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Michael P. Byrum
Lead Manager since
15-Oct-98 | | | Byrum has been associated with Rydex Investments since it was founded in 1993. He was named the chief operating officer of Rydex Investments in 2003 and has served as chief investment officer of Rydex Investments since 2000. Ryrum holds the Charted Financial Analyst designation. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks a daily beta of 1.5 relative to the S&P 500 index. The fund engages in transactions in index futures contracts, options on stock index futures contracts, and options on individual securities and stock indices. It may occasionally invest in common stocks. The fund attempts to increase gains to investors during periods when the value of the index is rising, but may deliver increase losses during periods when the index's value is declining. It is a nondiversified enhanced index fund and master feeder fund. |
| Last Dividend
(6-Dec-07):
| 0.68 | | Last Cap Gain
(5-Dec-97):
| 0.05 | | Annual Holdings Turnover
| 115.00% | | Average for Category:
| 71.30% |
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| Expense | RYNVX | Category
Avg | | Total Expense Ratio: | 1.27%
| 1.11% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 5.21% | | Max Deferred Sales Load: | 0.00%
| 2.63% | | 3 Yr Expense Projection*: |
$403 | $577 | | 5 Yr Expense Projection*: |
$697 | $877 | | 10 Yr Expense Projection*: |
$1,534 | $1,739 |
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1.49% Nasdaq 
0.27%
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