Fund Evaluator:
Rydex Utilities Inv (RYUIX)
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Best Performing in Utilities Over the Last Year
| 13.4% | ICON Utilities and Income Inv (ICTVX) |
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| 7.9% | American Century Utilities Inv (BULIX) |
| 6.1% | Vanguard Utilities Index Adm (VUIAX) |
| 5.7% | Rydex Utilities Inv (RYUIX) |
Fund Details
Rydex Utilities Inv Overview
Rydex Utilities Inv (RYUIX) is an actively managed Sector Equity Utilities fund. Rydex Funds launched the fund in 2000.
The investment seeks capital appreciation. Under normal circumstances, the fund invests substantially all (at least 80%) of its net assets in equity securities of Utilities 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 Utilities Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Utilities Companies and U.S. government securities.
About Rydex Utilities Inv (RYUIX)
There are 5 members of the management team with an average tenure of 8.52 years: Adrian Bachman (2022), Brendan Cain (2022), Spencer Crane (2022), Scott Miller (2022), Michael Byrum (2000). 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/Utilities TR USD index with a weighting of 100%. Rydex Utilities Inv has 54 securities in its portfolio. The top 10 holdings constitute 35.2% 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 Utilities Inv is part of the Equity global asset class and is within the Sector Equity fund group. Rydex Utilities Inv has 3.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.1%. There is 3.2% 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 Utilities Inv has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $15 million in total assets, which is below the $503 million average for the Utilities 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.
RYUIX 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 Utilities Inv expense ratio is high compared to funds in the Utilities category. Rydex Utilities Inv has an expense ratio of 1.39%, which is 25% 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 Utilities Inv has a portfolio turnover rate of 346%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 53% for the Utilities category.
Recently, in the month of July 2026, Rydex Utilities Inv returned -3.0%, which earned it a grade of D, as the Utilities category had an average return of -2.6%. 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 Utilities Inv has a trailing yield of 1.79%, which is below the 2.98% category average. The fund normally distributes its income none 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 Utilities Inv Grades
Year to date, the fund has returned 4.3%, 1.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 5.7% over the past year (grade of C), 12.5% over the past three years (grade of C) and 8.7% per year over the past five years (grade of C) and 7.3% per year over the past 10 years (grade of F).
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RYUIX 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 |
|
| RYUIX Return (NAV) | -3.0% | -4.8% | 5.7% | 12.5% | 8.7% | 7.3% |
| RYUIX Grade | D | B | C | C | C | F |
| +/- Category | -0.3% | 0.6% | -2.1% | 0.0% | -0.2% | -1.1% |
| Utilities Avg | -2.6% | -5.4% | 7.8% | 12.5% | 8.9% | 8.4% |
| RYUIX Tax Cost Ratio | na | na | 0.8% | 0.8% | 0.7% | 0.8% |
RYUIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RYUIX Return (NAV) | 4.3% | 17.9% | 20.2% | -6.8% | 1.3% | 15.1% | -4.5% | 19.4% | 4.1% | 11.4% | 16.7% |
| RYUIX Grade | D | A | C | D | B | C | F | F | A | C | C |
| +/- Category | -1.3% | 3.2% | -1.0% | -2.4% | 0.7% | -0.9% | -5.0% | -4.1% | 1.7% | -0.9% | 1.1% |
| Utilities Avg | 5.6% | 14.7% | 21.2% | -4.4% | 0.6% | 16.0% | 0.5% | 23.5% | 2.4% | 12.3% | 15.6% |
| Risk Measures | |
| Standard Deviation: | 14.7% |
| Total Risk Index: | 1.20 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (52% Rank) |
| Beta: | 0.54 |
| R-Squared: | 21% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.8% |
| Dividend Distribution: | None |
| Cap Gains Distribution: | Annually |
| Total Assets: | $23 Mil |
| Fund Total Assets: | $ 15 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 346% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 26.3 years | |||
| Average Tenure: 8.5 years | |||
| Managers (Year): Byrum Michael (2000), Bachman Adrian (2022), Cain Brendan (2022), Crane Spencer (2022), Miller Scott (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 35.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.2% |
Portfolio Allocation |
|
| Domestic Stock: | 96.1% |
| Foreign Stock: | 3.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | Rydex Funds |
| Phone Number: | 800-820-0888 |
| Website: | www.rydex-sgi.com |
| Status: | Open |
| Inception Date: | April 3, 2000 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.39% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.11% |
| Share Class: | Rydex Utilities Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
