Fund Evaluator:
Rydex NASDAQ-100® Inv (RYOCX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Rydex NASDAQ-100® Inv Overview
Rydex NASDAQ-100® Inv (RYOCX) is a passively managed U.S. Equity Large Growth fund. Rydex Funds launched the fund in 1994.
The investment seeks to provide investment results that correspond, before fees and expenses, to the NASDAQ-100 Index® for over-the-counter securities on a daily basis. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and derivatives and other instruments whose performance is expected to correspond to that of the underlying index. The index is a modified capitalization-weighted index composed of 100 of the largest non-financial companies listed on The Nasdaq Stock Market with capitalizations ranging from $10.4 billion to $3. The fund is non-diversified.
About Rydex NASDAQ-100® Inv (RYOCX)
There are 4 members of the management team with an average tenure of 10.28 years: Brendan Cain (2022), Spencer Crane (2022), Scott Miller (2022), Michael Byrum (1997). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and NASDAQ 100 TR USD index with a weighting of 100%. Rydex NASDAQ-100® Inv has 115 securities in its portfolio. The top 10 holdings constitute 46.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Rydex NASDAQ-100® Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Rydex NASDAQ-100® Inv has 3.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.0%. There is 3.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.6% (0.5% domestic bond, 0.1% foreign bond and 0.0% convertible bond). Rydex NASDAQ-100® Inv has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $2 billion in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RYOCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Rydex NASDAQ-100® Inv expense ratio is high compared to funds in the Large Growth category. Rydex NASDAQ-100® Inv has an expense ratio of 1.25%, which is 30% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Rydex NASDAQ-100® Inv has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of June 2026, Rydex NASDAQ-100® Inv returned -0.2%, which earned it a grade of B, as the Large Growth category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Rydex NASDAQ-100® Inv has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Rydex NASDAQ-100® Inv Grades
Year to date, the fund has returned 19.6%, 12.5 percentage points better than the category, which translates into a grade of A. The fund has returned 32.7% over the past year (grade of A), 25.3% over the past three years (grade of A) and 15.2% per year over the past five years (grade of A) and 20.7% per year over the past 10 years (grade of A).
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RYOCX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RYOCX Return (NAV) | -0.2% | 27.4% | 32.7% | 25.3% | 15.2% | 20.7% |
| RYOCX Grade | B | A | A | A | A | A |
| +/- Category | 1.1% | 9.5% | 16.9% | 4.6% | 5.2% | 4.4% |
| Large Growth Avg | -1.3% | 17.8% | 15.9% | 20.7% | 10.0% | 16.4% |
| RYOCX Tax Cost Ratio | na | na | 1.0% | 1.0% | 1.3% | 1.1% |
RYOCX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RYOCX Return (NAV) | 19.6% | 19.5% | 24.4% | 53.3% | -33.3% | 25.9% | 46.8% | 37.5% | -1.4% | 31.2% | 5.9% |
| RYOCX Grade | A | A | D | A | D | B | B | A | C | B | B |
| +/- Category | 12.5% | 3.8% | -5.2% | 14.5% | -1.3% | 5.4% | 4.8% | 4.4% | -0.7% | 1.4% | 3.2% |
| Large Growth Avg | 7.1% | 15.7% | 29.6% | 38.8% | -32.0% | 20.5% | 42.0% | 33.2% | -0.7% | 29.8% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 17.1% |
| Total Risk Index: | 1.41 - High |
| Category Risk Index: | 0.98 - Above Average |
| Category Risk Grade: | D (61% Rank) |
| Beta: | 1.24 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2374 Mil |
| Fund Total Assets: | $2,105 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 29% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 29.2 years | |||
| Average Tenure: 10.3 years | |||
| Managers (Year): Byrum Michael (1997), Cain Brendan (2022), Crane Spencer (2022), Miller Scott (2022) | |||
Portfolio Composition (as of 1/31/26)
| # of Holdings: | 115 |
| % in Top 10 Holdings: | 46.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 3.5% |
Portfolio Allocation |
|
| Domestic Stock: | 94.0% |
| Foreign Stock: | 3.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.5% |
| Foreign Bond: | 0.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.5% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Rydex Funds |
| Phone Number: | 800-820-0888 |
| Website: | www.rydex-sgi.com |
| Status: | Open |
| Inception Date: | February 14, 1994 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Rydex NASDAQ-100® Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
