Rydex NASDAQ-100 Fund

This fund's investment approach centers on acquiring common shares of companies with market capitalizations typically aligning with its benchmark index, in addition to utilizing derivative instruments. It is mandated to commit a minimum of 80% of its net assets, along with any borrowed capital used for investment, to either securities of the underlying index's constituents, derivative contracts, or other financial vehicles designed to mirror the index's returns. Importantly, this fund operates on a non-diversified basis.