Investors face big tax bills for these mutual funds
Rydex Nova Fund
Ticker: RYNVX
Inception date: 7/12/1993
Capital gain in 2022: 18.3%
There’s an unusual twist to this fund: The goal is to return 150% of the daily performance of the S&P 500, using leveraged derivative instruments. That strategy resulted in a 43% drop last year.