Fund Evaluator:

Rydex Energy Inv Overview

Rydex Energy Inv (RYEIX) is an actively managed Sector Equity Equity Energy fund. Rydex Funds launched the fund in 1998.

The investment seeks capital appreciation. Under normal circumstances, the fund invests substantially all (at least 80%) of its net assets in equity securities of Energy Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It will invest to a significant extent in the securities of Energy Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Energy Companies and U.S. government securities.

About Rydex Energy Inv (RYEIX)

There are 5 members of the management team with an average tenure of 8.83 years: Adrian Bachman (2022), Brendan Cain (2022), Spencer Crane (2022), Scott Miller (2022), Michael Byrum (1998). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Sec/Energy TR USD index with a weighting of 100%. Rydex Energy Inv has 90 securities in its portfolio. The top 10 holdings constitute 31.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Rydex Energy Inv is part of the Equity global asset class and is within the Sector Equity fund group. Rydex Energy Inv has 16.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 83.6%. There is 16.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Rydex Energy Inv has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $39 million in total assets, which is below the $418 million average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RYEIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Rydex Energy Inv expense ratio is high compared to funds in the Equity Energy category. Rydex Energy Inv has an expense ratio of 1.38%, which is 8% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Rydex Energy Inv has a portfolio turnover rate of 551%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 136% for the Equity Energy category.

Recently, in the month of June 2026, Rydex Energy Inv returned -6.6%, which earned it a grade of C, as the Equity Energy category had an average return of -5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Rydex Energy Inv has a trailing yield of 2.04%, which is above the 1.40% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Rydex Energy Inv Grades

Year to date, the fund has returned 23.0%, 0.4 percentage points better than the category, which translates into a grade of C. The fund has returned 34.4% over the past year (grade of B), 12.1% over the past three years (grade of F) and 15.5% per year over the past five years (grade of F) and 5.5% per year over the past 10 years (grade of D).

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