# EDGAR Filing Document

**Accession Number:** 0001092720
**File Stem:** 0000913181-25-000390
**Filing Date:** 2025-12
**Character Count:** 16542
**Document Hash:** 179214ec01fcf4afd0d6e7332bf848db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000390.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000390

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **CENTRAL INDEX KEY:** 0001092720

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09525
- **FILM NUMBER:** 251538262

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEWCO TRUST
- **DATE OF NAME CHANGE:** 19990806

## Series and Classes Contracts Data

### Dow 2x Strategy Fund (Series ID: S000003705)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010370 | A            | RYLDX           |
| C000010371 | C            | RYCYX           |
| C000010372 | H            | RYCVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Rydex Dynamic Funds

- **b. Investment Company Act file number:** 811-09525

- **c. CIK number of Registrant:** 0001092720

- **d. LEI of Registrant:** 549300O9WV1GMCZ8G606

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Dow 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000003705

- **c. LEI of Series:** 549300UKHDJBVPFK5N77

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $37534910.20

**Total Liabilities:** $511061.32

**Net Assets:** $37023848.88

**Cash Not Reported:** $400589.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010371 | -0.42%               | 6.14%                | 3.34%                |
| Class ID C000010372 | -0.35%               | 6.20%                | 3.40%                |
| Class ID C000010370 | -0.36%               | 6.20%                | 3.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-133963.01              | $90887.84                                  |
| Month 2  | $-10911.62               | $1090728.10                                |
| Month 3  | $40146.77                | $513087.67                                 |

**Designated Index Information**

- **Index Name:** Dow Jones Industrial Average

- **Index Identifier:** DJINDAVG

### Schedule of Portfolio Investments

| Name                        | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amgen Inc                   | Amgen, Inc.                                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4296 | NS      | $1212331.20   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The            | Coca-Cola Co.                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      4296 | NS      | $284910.72    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc      | UnitedHealth Group, Inc.                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      4296 | NS      | $1483408.80   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The       | Travelers Companies, Inc.                                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      4296 | NS      | $1199529.12   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                   | Apple, Inc.                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4296 | NS      | $1093890.48   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The               | Boeing Co.                                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      4296 | NS      | $927205.68    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                    | Visa, Inc.                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4296 | NS      | $1466568.48   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The | Goldman Sachs Group, Inc.                                 | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      4296 | NS      | $3421119.60   | 9.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                    | NIKE, Inc.                                                | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      4296 | NS      | $299560.08    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co         | JPMorgan Chase & Co.                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4296 | NS      | $1355087.28   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc           | Cisco Systems, Inc.                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4296 | NS      | $293932.32    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc  | Verizon Communications, Inc.                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      4296 | NS      | $188809.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                 | Walmart, Inc.                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      4296 | NS      | $442745.76    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc              | Salesforce, Inc.                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4296 | NS      | $1018152.00   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                 | Dow Jones Industrial Average Index                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DE               |  | US        |       161 | NC      | $44489.20     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc           | Dow Jones Industrial Average Index                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DE               |  | US        |       489 | NC      | $134452.79    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL               | U.S. Treasury Bills                                       | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    595000 | PA      | $594132.07    | 1.60%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The     | Sherwin-Williams Co.                                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4296 | NS      | $1487532.96   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The     | Procter & Gamble Co.                                      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4296 | NS      | $660080.40    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                | Chevron Corp.                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4296 | NS      | $667125.84    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC  | J.P. Morgan Securities LLC                                | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |    659624 | PA      | $659623.75    | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| 3M Co                       | 3M Co.                                                    | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      4296 | NS      | $666653.28    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc              | Amazon.com, Inc.                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4296 | NS      | $943272.72    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co         | American Express Co.                                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      4296 | NS      | $1426959.36   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The          | Home Depot, Inc.                                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      4296 | NS      | $1740696.24   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc              | Merck & Company, Inc.                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4296 | NS      | $360563.28    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp              | Microsoft Corp.                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4296 | NS      | $2225113.20   | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The          | Walt Disney Co.                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4296 | NS      | $491892.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade      | Dow Jones Industrial Average Index Mini Futures Contracts | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        49 | NC      | $103343.36    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL               | U.S. Treasury Bills                                       | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2200000 | PA      | $2181568.25   | 5.89%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson           | Johnson & Johnson                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4296 | NS      | $796564.32    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp             | McDonald's Corp.                                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      4296 | NS      | $1305511.44   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                 | NVIDIA Corp.                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      4296 | NS      | $801547.68    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc             | Caterpillar, Inc.                                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      4296 | NS      | $2049836.40   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc | Honeywell International, Inc.                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      4296 | NS      | $904308.00    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                         | International Business Machines Corp.                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      4296 | NS      | $1212159.36   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.       | BofA Securities, Inc.                                     | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    474642 | PA      | $474642.41    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Rydex Dynamic Funds

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO