Fund Evaluator:
Rydex Consumer Products A (RYPDX)
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Best Performing in Consumer Defensive Over the Last Year
| 12.7% | Fidelity Advisor Consumer Staples Z (FIJCX) |
| 12.6% | Fidelity Select Consumer Staples Port (FDFAX) |
| 9.0% | Vanguard Consumer Staples Index Admiral (VCSAX) |
| 3.6% | Rydex Consumer Products Inv (RYCIX) |
Fund Details
Rydex Consumer Products A Overview
Rydex Consumer Products A (RYPDX) is an actively managed Sector Equity Consumer Defensive fund. Rydex Funds launched the fund in 2004.
The investment seeks capital appreciation. Under normal circumstances, the fund invests substantially all (at least 80%) of its net assets in equity securities of Consumer Products 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 may invest to a significant extent in the securities of Consumer Products Companies that have small to mid-sized capitalizations.
About Rydex Consumer Products A (RYPDX)
There are 5 members of the management team with an average tenure of 8.87 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/Cons Staples TR USD index with a weighting of 100%. Rydex Consumer Products A has 70 securities in its portfolio. The top 10 holdings constitute 37.5% 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 Consumer Products A is part of the Equity global asset class and is within the Sector Equity fund group. Rydex Consumer Products A has 8.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.5%. There is 8.1% 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 Consumer Products A has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $234 million average for the Consumer Defensive 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.
RYPDX 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 Consumer Products A expense ratio is high compared to funds in the Consumer Defensive category. Rydex Consumer Products A has an expense ratio of 1.64%, which is 53% higher than its category average, making the fund expense ratio grade a D. 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 Consumer Products A has a portfolio turnover rate of 45%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Consumer Defensive category.
Recently, in the month of July 2026, Rydex Consumer Products A returned 2.2%, which earned it a grade of C, as the Consumer Defensive category had an average return of 2.3%. 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 Consumer Products A has a trailing yield of 1.67%, which is above the 1.41% 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 Consumer Products A Grades
Year to date, the fund has returned 8.9%, 2.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.4% over the past year (grade of F), 1.5% over the past three years (grade of F) and 2.1% per year over the past five years (grade of F) and 3.7% per year over the past 10 years (grade of F).
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RYPDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RYPDX Return (NAV) | 2.2% | 3.9% | 3.4% | 1.5% | 2.1% | 3.7% |
| RYPDX Grade | C | A | F | F | F | F |
| +/- Category | -0.1% | 1.6% | -5.2% | -2.2% | -2.0% | -1.4% |
| Consumer Defensive Avg | 2.3% | 2.3% | 8.5% | 3.7% | 4.1% | 5.2% |
| RYPDX Tax Cost Ratio | na | na | 4.5% | 3.3% | 3.2% | 2.4% |
RYPDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RYPDX Return (NAV) | 8.9% | -3.1% | 4.7% | -3.1% | -0.7% | 10.8% | 8.0% | 22.5% | -12.1% | 11.7% | 5.5% |
| RYPDX Grade | F | C | F | F | C | F | F | F | B | D | B |
| +/- Category | -2.3% | -0.9% | -2.3% | -3.8% | 0.5% | -2.9% | -2.1% | -4.9% | 1.0% | 0.0% | 1.5% |
| Consumer Defensive Avg | 11.2% | -2.2% | 6.9% | 0.7% | -1.2% | 13.7% | 10.1% | 27.4% | -13.1% | 11.7% | 4.0% |
| Risk Measures | |
| Standard Deviation: | 12.7% |
| Total Risk Index: | 1.04 - Average |
| Category Risk Index: | 1.02 - High |
| Category Risk Grade: | F (109% Rank) |
| Beta: | 0.56 |
| R-Squared: | 31% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $30 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 45% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 28.1 years | |||
| Average Tenure: 8.9 years | |||
| Managers (Year): Byrum Michael (1998), Bachman Adrian (2022), Cain Brendan (2022), Crane Spencer (2022), Miller Scott (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 37.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.1% |
Portfolio Allocation |
|
| Domestic Stock: | 91.5% |
| Foreign Stock: | 8.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Rydex Funds |
| Phone Number: | 800-820-0888 |
| Website: | www.rydex-sgi.com |
| Status: | Open |
| Inception Date: | September 1, 2004 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 4.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.64% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.07% |
| Share Class: | Rydex Consumer Products Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
