The Rydex Dynamic Fds, S&P 500 2x Strategy Fd Cl C (RYCTX) is a mutual fund that seeks to provide investors with double the daily return of the S&P 500 Index. This fund utilizes a dynamic strategy, meaning it can adjust its holdings and allocations based on market conditions. It is classified as a Class C fund, which typically has higher fees but may offer lower initial investment requirements. Investors in this fund should be aware of the potential for increased volatility and risk due to the use of leverage.