Best Mutual Funds of 2013 #2: Guggenheim Nasdaq -100 2X Strategy (RYVYX)
YTD Return: 78%
Guggenheim Nasdaq -100 2X Strategy (RYVYX) has also used leverage this year to magnify gains that are impressive — up a robust 79.4% YTD.
This $477 million fund seeks to provide investment returns of 200% of the daily performance of the Nasdaq-100 Index. This team-managed fund uses derivatives to pursue its goals, making it a risky venture not for the faint of heart.
In 2008, RYVYX lost 72.6% of its value — a number that is tough to recover from. This type of product is better suited for active investors and traders that are committed to closely following the performance of this volatile strategy.
The portfolio currently is comprised of 108 stocks, though turnover is a bit high — 71% over the past year. Recent top holdings include: Apple (AAPL), Microsoft (MSFT), Google (GOOG), Amazon (AMZN) and Qualcomm (QCOM).
RYVYX charges $1.78% in annual expenses.