Fund Evaluator:

Rydex Inverse Government Lg Bd Strat Inv Overview

Rydex Inverse Government Lg Bd Strat Inv (RYJUX) is a passively managed Miscellaneous Trading--Inverse Debt fund. Rydex Funds launched the fund in 1995.

The investment seeks to provide total returns that inversely correlate, before fees and expenses, to the price movement of the Long Treasury Bond for U.S. Treasury debt instruments or futures contracts on a specified debt instrument on a daily basis. The fund employs as its investment strategy a program of engaging in short sales and investing to a significant extent in derivative instruments. It will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform opposite to fixed income securities issued by the U.S. government.

About Rydex Inverse Government Lg Bd Strat Inv (RYJUX)

There are 4 members of the management team with an average tenure of 10.82 years: Brendan Cain (2022), Spencer Crane (2022), Scott Miller (2022), Michael Byrum (1995). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Trsy Bellwethers 30Y TR USD index with a weighting of -100%. Rydex Inverse Government Lg Bd Strat Inv has 13 securities in its portfolio. The top 10 holdings constitute 158.1% 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 Inverse Government Lg Bd Strat Inv is part of the Other global asset class and is within the Miscellaneous fund group. Rydex Inverse Government Lg Bd Strat Inv has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 22.5%. There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -58.1% (-60.4% domestic bond, 2.2% foreign bond and 0.0% convertible bond). Rydex Inverse Government Lg Bd Strat Inv has 112.7% of the portfolio in cash.

Assets Under Management

The fund has $7 million in total assets, which is above the $1 million average for the Trading--Inverse Debt 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.

RYJUX 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 Inverse Government Lg Bd Strat Inv expense ratio is high compared to funds in the Trading--Inverse Debt category. Rydex Inverse Government Lg Bd Strat Inv has an expense ratio of 5.05%, which is 68% 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 Inverse Government Lg Bd Strat Inv has a portfolio turnover rate of 561%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 697% for the Trading--Inverse Debt category.

Recently, in the month of June 2026, Rydex Inverse Government Lg Bd Strat Inv returned -0.8%, which earned it a grade of D, as the Trading--Inverse Debt category had an average return of -0.3%. 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 Inverse Government Lg Bd Strat Inv has a trailing yield of 4.36%, which is above the 2.90% 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 Inverse Government Lg Bd Strat Inv Grades

Year to date, the fund has returned 1.7%, 0.3 percentage points better than the category, which translates into a grade of B. The fund has returned 3.3% over the past year (grade of A), 8.9% over the past three years (grade of A) and 11.8% per year over the past five years (grade of A) and 3.6% per year over the past 10 years (grade of A).

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