Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) shares |
Shareholder Report [Line Items] | |
Document Type | N-CSRS |
Amendment Flag | false |
Registrant Name | Rydex Series Funds |
Entity Central Index Key | 0000899148 |
Document Period End Date | Jun. 30, 2024 |
Guggenheim Multi-Hedge Strategies Fund - Class A | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Multi-Hedge Strategies Fund |
Class Name | Class A |
Trading Symbol | RYMQX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class A $94 1.88% |
Expenses Paid, Amount | $ 94 |
Expense Ratio, Percent | 1.88% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 1.74%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the HFRX Global Hedge Fund Index, which returned 2.89% for the same period. What factors materially affected the fund's performance over the last six months? The fund's Long/Short Equity strategy started the year off strong, and despite giving up some of its gains in June, was the largest contributor during the first half of 2024. The fund's Global Macro strategies were a net positive for the period as positive contributions from Flow (driven primarily by equities and fixed income) and Momentum (driven by equities and commodities) overcame detractors in Carry (hurt by equites) and Value (driven by currencies). Market Neutral was the most notable detractor to the fund's performance. Flow strategies take positions based on expected capital flows in markets which are determined through economic theory or statistical observation of market behavior. Momentum is a systematic trend-following strategy that seeks to capture momentum premia in futures markets. Carry strategies seek to capture inefficiencies in the futures curves of different markets and asset classes including commodities, fixed income, and implied volatility. Value premia strategies take positions based on expected future prices in markets as derived from economic and/or non-price data and include strategies applied to commodities, currencies, and fixed income. A market neutral strategy attempts to profit whether the market is going up or down. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class A (without sales charge) 1.74% 4.25% 3.52% 2.54% Class A (with sales charge) ‡ -3.10% -0.72% 2.52% 2.04% S&P 500 Index 15.29% 24.56% 15.05% 12.86% HFRX Global Hedge Fund Index 2.89% 5.42% 3.19% 1.53% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 84,115,494 |
Holdings Count | shares | 418 |
Investment Company, Portfolio Turnover | 90% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $84,115,494 Number of Portfolio Holdings 418 Portfolio Turnover Rate 90% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Custom Basket Swap Agreements 80.8% Interest Rate Futures Contracts 65.8% Commodity Futures Contracts 56.3% Equity Futures Contracts 42.3% Currency Futures Contracts 33.4% Consumer, Non-cyclical 12.8% Closed-End Mutual Funds 7.0% Financial 6.6% Energy 6.1% Consumer, Cyclical 5.0% Technology 4.3% Communications 3.7% Industrial 3.3% Utilities 1.8% Basic Materials 1.4% Communications -0.3% Technology -0.4% Consumer, Non-cyclical -0.6% Financial -3.2% Energy -5.9% Exchange-Traded Funds -6.5% Equity Futures Contracts -13.1% Currency Futures Contracts -49.4% Commodity Futures Contracts -58.3% Custom Basket Swap Agreements -67.3% Interest Rate Futures Contracts -82.9% 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Multi-Hedge Strategies Fund - Class C | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Multi-Hedge Strategies Fund |
Class Name | Class C |
Trading Symbol | RYMRX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class C $132 2.63% |
Expenses Paid, Amount | $ 132 |
Expense Ratio, Percent | 2.63% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 1.33%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the HFRX Global Hedge Fund Index, which returned 2.89% for the same period. What factors materially affected the fund's performance over the last six months? The fund's Long/Short Equity strategy started the year off strong, and despite giving up some of its gains in June, was the largest contributor during the first half of 2024. The fund's Global Macro strategies were a net positive for the period as positive contributions from Flow (driven primarily by equities and fixed income) and Momentum (driven by equities and commodities) overcame detractors in Carry (hurt by equites) and Value (driven by currencies). Market Neutral was the most notable detractor to the fund's performance. Flow strategies take positions based on expected capital flows in markets which are determined through economic theory or statistical observation of market behavior. Momentum is a systematic trend-following strategy that seeks to capture momentum premia in futures markets. Carry strategies seek to capture inefficiencies in the futures curves of different markets and asset classes including commodities, fixed income, and implied volatility. Value premia strategies take positions based on expected future prices in markets as derived from economic and/or non-price data and include strategies applied to commodities, currencies, and fixed income. A market neutral strategy attempts to profit whether the market is going up or down. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class C (without CDSC) 1.33% 3.50% 2.75% 1.79% Class C (with CDSC) § 0.33% 2.50% 2.75% 1.79% S&P 500 Index 15.29% 24.56% 15.05% 12.86% HFRX Global Hedge Fund Index 2.89% 5.42% 3.19% 1.53% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 84,115,494 |
Holdings Count | shares | 418 |
Investment Company, Portfolio Turnover | 90% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $84,115,494 Number of Portfolio Holdings 418 Portfolio Turnover Rate 90% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Custom Basket Swap Agreements 80.8% Interest Rate Futures Contracts 65.8% Commodity Futures Contracts 56.3% Equity Futures Contracts 42.3% Currency Futures Contracts 33.4% Consumer, Non-cyclical 12.8% Closed-End Mutual Funds 7.0% Financial 6.6% Energy 6.1% Consumer, Cyclical 5.0% Technology 4.3% Communications 3.7% Industrial 3.3% Utilities 1.8% Basic Materials 1.4% Communications -0.3% Technology -0.4% Consumer, Non-cyclical -0.6% Financial -3.2% Energy -5.9% Exchange-Traded Funds -6.5% Equity Futures Contracts -13.1% Currency Futures Contracts -49.4% Commodity Futures Contracts -58.3% Custom Basket Swap Agreements -67.3% Interest Rate Futures Contracts -82.9% 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Multi-Hedge Strategies Fund - Class P | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Multi-Hedge Strategies Fund |
Class Name | Class P |
Trading Symbol | RYMSX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class P $94 1.88% |
Expenses Paid, Amount | $ 94 |
Expense Ratio, Percent | 1.88% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 1.73%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the HFRX Global Hedge Fund Index, which returned 2.89% for the same period. What factors materially affected the fund's performance over the last six months? The fund's Long/Short Equity strategy started the year off strong, and despite giving up some of its gains in June, was the largest contributor during the first half of 2024. The fund's Global Macro strategies were a net positive for the period as positive contributions from Flow (driven primarily by equities and fixed income) and Momentum (driven by equities and commodities) overcame detractors in Carry (hurt by equites) and Value (driven by currencies). Market Neutral was the most notable detractor to the fund's performance. Flow strategies take positions based on expected capital flows in markets which are determined through economic theory or statistical observation of market behavior. Momentum is a systematic trend-following strategy that seeks to capture momentum premia in futures markets. Carry strategies seek to capture inefficiencies in the futures curves of different markets and asset classes including commodities, fixed income, and implied volatility. Value premia strategies take positions based on expected future prices in markets as derived from economic and/or non-price data and include strategies applied to commodities, currencies, and fixed income. A market neutral strategy attempts to profit whether the market is going up or down. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class P 1.73% 4.23% 3.51% 2.56% S&P 500 Index 15.29% 24.56% 15.05% 12.86% HFRX Global Hedge Fund Index 2.89% 5.42% 3.19% 1.53% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 84,115,494 |
Holdings Count | shares | 418 |
Investment Company, Portfolio Turnover | 90% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $84,115,494 Number of Portfolio Holdings 418 Portfolio Turnover Rate 90% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Custom Basket Swap Agreements 80.8% Interest Rate Futures Contracts 65.8% Commodity Futures Contracts 56.3% Equity Futures Contracts 42.3% Currency Futures Contracts 33.4% Consumer, Non-cyclical 12.8% Closed-End Mutual Funds 7.0% Financial 6.6% Energy 6.1% Consumer, Cyclical 5.0% Technology 4.3% Communications 3.7% Industrial 3.3% Utilities 1.8% Basic Materials 1.4% Communications -0.3% Technology -0.4% Consumer, Non-cyclical -0.6% Financial -3.2% Energy -5.9% Exchange-Traded Funds -6.5% Equity Futures Contracts -13.1% Currency Futures Contracts -49.4% Commodity Futures Contracts -58.3% Custom Basket Swap Agreements -67.3% Interest Rate Futures Contracts -82.9% 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Multi-Hedge Strategies Fund - Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Multi-Hedge Strategies Fund |
Class Name | Institutional Class |
Trading Symbol | RYIMX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Institutional Class $82 1.63% |
Expenses Paid, Amount | $ 82 |
Expense Ratio, Percent | 1.63% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 1.85%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the HFRX Global Hedge Fund Index, which returned 2.89% for the same period. What factors materially affected the fund's performance over the last six months? The fund's Long/Short Equity strategy started the year off strong, and despite giving up some of its gains in June, was the largest contributor during the first half of 2024. The fund's Global Macro strategies were a net positive for the period as positive contributions from Flow (driven primarily by equities and fixed income) and Momentum (driven by equities and commodities) overcame detractors in Carry (hurt by equites) and Value (driven by currencies). Market Neutral was the most notable detractor to the fund's performance. Flow strategies take positions based on expected capital flows in markets which are determined through economic theory or statistical observation of market behavior. Momentum is a systematic trend-following strategy that seeks to capture momentum premia in futures markets. Carry strategies seek to capture inefficiencies in the futures curves of different markets and asset classes including commodities, fixed income, and implied volatility. Value premia strategies take positions based on expected future prices in markets as derived from economic and/or non-price data and include strategies applied to commodities, currencies, and fixed income. A market neutral strategy attempts to profit whether the market is going up or down. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Institutional Class 1.85% 4.48% 3.78% 2.79% S&P 500 Index 15.29% 24.56% 15.05% 12.86% HFRX Global Hedge Fund Index 2.89% 5.42% 3.19% 1.53% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 84,115,494 |
Holdings Count | shares | 418 |
Investment Company, Portfolio Turnover | 90% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $84,115,494 Number of Portfolio Holdings 418 Portfolio Turnover Rate 90% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Custom Basket Swap Agreements 80.8% Interest Rate Futures Contracts 65.8% Commodity Futures Contracts 56.3% Equity Futures Contracts 42.3% Currency Futures Contracts 33.4% Consumer, Non-cyclical 12.8% Closed-End Mutual Funds 7.0% Financial 6.6% Energy 6.1% Consumer, Cyclical 5.0% Technology 4.3% Communications 3.7% Industrial 3.3% Utilities 1.8% Basic Materials 1.4% Communications -0.3% Technology -0.4% Consumer, Non-cyclical -0.6% Financial -3.2% Energy -5.9% Exchange-Traded Funds -6.5% Equity Futures Contracts -13.1% Currency Futures Contracts -49.4% Commodity Futures Contracts -58.3% Custom Basket Swap Agreements -67.3% Interest Rate Futures Contracts -82.9% 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | 10 Largest Holdings 2 Top 10 % of Net Assets Guggenheim Strategy Fund II 7.9% Guggenheim Ultra Short Duration Fund — Institutional Class 6.2% Guggenheim Strategy Fund III 2.3% Olink Holding AB ADR 2.1% Capri Holdings Ltd. 2.1% National Western Life Group, Inc. — Class A 1.8% Catalent, Inc. 1.7% Hibbett, Inc. 1.5% Cerevel Therapeutics Holdings, Inc. 1.5% Encore Wire Corp. 1.4% Top 10 Total 28.5% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Commodities Strategy Fund - Class A | |
Shareholder Report [Line Items] | |
Fund Name | Commodities Strategy Fund |
Class Name | Class A |
Trading Symbol | RYMEX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class A $80 1.53% |
Expenses Paid, Amount | $ 80 |
Expense Ratio, Percent | 1.53% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 10.29%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the S&P Goldman Sachs Commodity Index, which returned 11.08% for the same period. The fund's broad-based securities market index was changed from the S&P Goldman Sachs Commodity Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? The fund obtained exposure to the commodities markets through futures on the S&P Goldman Sachs Commodity Index (the "Index"). Most commodity futures that are part of the Index had a strong start to the year, with the Index futures contributing to the return of the fund during the reporting period. Eighteen of the 24 components of the Index had positive returns. The components with some of the largest positive returns were Cocoa, Coffee and Silver. The components with some of the largest negative returns were Corn, Soybean and Wheat. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class A (without sales charge) 10.29% 13.22% 7.09% -4.46% Class A (with sales charge) ‡ 5.04% 7.84% 6.05% -4.92% S&P 500 Index 15.29% 24.56% 15.05% 12.86% S&P Goldman Sachs Commodity Index 11.08% 15.01% 8.28% -3.12% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 10,011,698 |
Holdings Count | shares | 6 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $10,011,698 Number of Portfolio Holdings 6 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Goldman Sachs Commodity Index Futures Contracts 99.5% Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Commodities Strategy Fund - Class C | |
Shareholder Report [Line Items] | |
Fund Name | Commodities Strategy Fund |
Class Name | Class C |
Trading Symbol | RYMJX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class C $119 2.29% |
Expenses Paid, Amount | $ 119 |
Expense Ratio, Percent | 2.29% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 9.86%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the S&P Goldman Sachs Commodity Index, which returned 11.08% for the same period. The fund's broad-based securities market index was changed from the S&P Goldman Sachs Commodity Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? The fund obtained exposure to the commodities markets through futures on the S&P Goldman Sachs Commodity Index (the "Index"). Most commodity futures that are part of the Index had a strong start to the year, with the Index futures contributing to the return of the fund during the reporting period. Eighteen of the 24 components of the Index had positive returns. The components with some of the largest positive returns were Cocoa, Coffee and Silver. The components with some of the largest negative returns were Corn, Soybean and Wheat. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class C (without CDSC) 9.86% 12.36% 6.29% -5.17% Class C (with CDSC) § 8.86% 11.36% 6.29% -5.17% S&P 500 Index 15.29% 24.56% 15.05% 12.86% S&P Goldman Sachs Commodity Index 11.08% 15.01% 8.28% -3.12% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 10,011,698 |
Holdings Count | shares | 6 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $10,011,698 Number of Portfolio Holdings 6 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Goldman Sachs Commodity Index Futures Contracts 99.5% Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Commodities Strategy Fund - Class H | |
Shareholder Report [Line Items] | |
Fund Name | Commodities Strategy Fund |
Class Name | Class H |
Trading Symbol | RYMBX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class H $81 1.55% |
Expenses Paid, Amount | $ 81 |
Expense Ratio, Percent | 1.55% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 10.27%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and underperforming the fund's secondary index, the S&P Goldman Sachs Commodity Index, which returned 11.08% for the same period. The fund's broad-based securities market index was changed from the S&P Goldman Sachs Commodity Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? The fund obtained exposure to the commodities markets through futures on the S&P Goldman Sachs Commodity Index (the "Index"). Most commodity futures that are part of the Index had a strong start to the year, with the Index futures contributing to the return of the fund during the reporting period. Eighteen of the 24 components of the Index had positive returns. The components with some of the largest positive returns were Cocoa, Coffee and Silver. The components with some of the largest negative returns were Corn, Soybean and Wheat. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class H 10.27% 13.20% 7.09% -4.46% S&P 500 Index 15.29% 24.56% 15.05% 12.86% S&P Goldman Sachs Commodity Index 11.08% 15.01% 8.28% -3.12% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 10,011,698 |
Holdings Count | shares | 6 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $10,011,698 Number of Portfolio Holdings 6 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Goldman Sachs Commodity Index Futures Contracts 99.5% Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Top 10 % of Net Assets Guggenheim Ultra Short Duration Fund — Institutional Class 10.1% Guggenheim Strategy Fund II 9.9% Total 20.0% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "10 Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Managed Futures Strategy Fund - Class A | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Managed Futures Strategy Fund |
Class Name | Class A |
Trading Symbol | RYMTX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class A $92 1.81% |
Expenses Paid, Amount | $ 92 |
Expense Ratio, Percent | 1.81% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 5.08%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and outperforming the fund's secondary index, the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 2.65% for the same period. The fund's broad-based securities market index was changed from the ICE BofA 3-Month U.S. Treasury Bill Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? For the reporting period, the fund saw particularly strong performance from long positions in Equity Indexes, benefiting from consistent trends in the first quarter of 2024 before the market correction in April. Positive returns from Commodities markets in the first quarter were negated by market reversals in the second quarter, particularly in the energy and grains sectors, leading to an overall net negative contribution from Commodities for the reporting period. Fixed Income and Currency markets were volatile and difficult to trend-follow, resulting in minimal contributions, and detractions, respectively, from these sectors. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class A (without sales charge) 5.08% 5.14% 5.81% 2.74% Class A (with sales charge) ‡ 0.09% 0.15% 4.79% 2.24% S&P 500 Index 15.29% 24.56% 15.05% 12.86% ICE BofA 3-Month U.S. Treasury Bill Index 2.65% 5.43% 2.17% 1.52% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 70,137,445 |
Holdings Count | shares | 119 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $70,137,445 Number of Portfolio Holdings 119 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Equity Futures Contracts 104.3% Commodity Futures Contracts 62.3% Interest Rate Futures Contracts 54.4% Currency Futures Contracts 15.4% Equity Futures Contracts Short Sales -20.9% Currency Futures Contracts Short Sales -67.0% Commodity Futures Contracts Short Sales -72.8% Interest Rate Futures Contracts Short Sales -182.3% Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Managed Futures Strategy Fund - Class C | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Managed Futures Strategy Fund |
Class Name | Class C |
Trading Symbol | RYMZX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class C $130 2.55% |
Expenses Paid, Amount | $ 130 |
Expense Ratio, Percent | 2.55% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 4.66%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and outperforming the fund's secondary index, the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 2.65% for the same period. The fund's broad-based securities market index was changed from the ICE BofA 3-Month U.S. Treasury Bill Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? For the reporting period, the fund saw particularly strong performance from long positions in Equity Indexes, benefiting from consistent trends in the first quarter of 2024 before the market correction in April. Positive returns from Commodities markets in the first quarter were negated by market reversals in the second quarter, particularly in the energy and grains sectors, leading to an overall net negative contribution from Commodities for the reporting period. Fixed Income and Currency markets were volatile and difficult to trend-follow, resulting in minimal contributions, and detractions, respectively, from these sectors. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class C (without sales charge) 4.66% 4.41% 5.04% 1.98% Class C (with sales charge) § 3.66% 3.41% 5.04% 1.98% S&P 500 Index 15.29% 24.56% 15.05% 12.86% ICE BofA 3-Month U.S. Treasury Bill Index 2.65% 5.43% 2.17% 1.52% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 70,137,445 |
Holdings Count | shares | 119 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $70,137,445 Number of Portfolio Holdings 119 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Equity Futures Contracts 104.3% Commodity Futures Contracts 62.3% Interest Rate Futures Contracts 54.4% Currency Futures Contracts 15.4% Equity Futures Contracts Short Sales -20.9% Currency Futures Contracts Short Sales -67.0% Commodity Futures Contracts Short Sales -72.8% Interest Rate Futures Contracts Short Sales -182.3% Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Managed Futures Strategy Fund - Class P | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Managed Futures Strategy Fund |
Class Name | Class P |
Trading Symbol | RYMFX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Class P $91 1.79% |
Expenses Paid, Amount | $ 91 |
Expense Ratio, Percent | 1.79% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 5.09%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and outperforming the fund's secondary index, the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 2.65% for the same period. The fund's broad-based securities market index was changed from the ICE BofA 3-Month U.S. Treasury Bill Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? For the reporting period, the fund saw particularly strong performance from long positions in Equity Indexes, benefiting from consistent trends in the first quarter of 2024 before the market correction in April. Positive returns from Commodities markets in the first quarter were negated by market reversals in the second quarter, particularly in the energy and grains sectors, leading to an overall net negative contribution from Commodities for the reporting period. Fixed Income and Currency markets were volatile and difficult to trend-follow, resulting in minimal contributions, and detractions, respectively, from these sectors. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Class P 5.09% 5.15% 5.81% 2.76% S&P 500 Index 15.29% 24.56% 15.05% 12.86% ICE BofA 3-Month U.S. Treasury Bill Index 2.65% 5.43% 2.17% 1.52% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 70,137,445 |
Holdings Count | shares | 119 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $70,137,445 Number of Portfolio Holdings 119 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Equity Futures Contracts 104.3% Commodity Futures Contracts 62.3% Interest Rate Futures Contracts 54.4% Currency Futures Contracts 15.4% Equity Futures Contracts Short Sales -20.9% Currency Futures Contracts Short Sales -67.0% Commodity Futures Contracts Short Sales -72.8% Interest Rate Futures Contracts Short Sales -182.3% Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |
Guggenheim Managed Futures Strategy Fund - Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | Guggenheim Managed Futures Strategy Fund |
Class Name | Institutional Class |
Trading Symbol | RYIFX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the fund at GuggenheimInvestments.com/mutual-funds/literature 800 820 0888 GuggenheimClientServices mufg-is.com |
Additional Information Phone Number | 800 820 0888 |
Additional Information Email | GuggenheimClientServices@mufg-is.com |
Additional Information Website | GuggenheimInvestments.com/mutual-funds/literature |
Expenses [Text Block] | What were the fund costs for the last six months? (Based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a % of a $10,000 Investment Institutional Class $78 1.52% |
Expenses Paid, Amount | $ 78 |
Expense Ratio, Percent | 1.52% |
Factors Affecting Performance [Text Block] | How did the fund perform over the last six months?* For the period of January 1, 2024 to June 30, 2024, the fund returned 5.24%, underperforming the fund's benchmark, the S&P 500 Index, which returned 15.29% for the same period and outperforming the fund's secondary index, the ICE BofA 3-Month U.S. Treasury Bill Index, which returned 2.65% for the same period. The fund's broad-based securities market index was changed from the ICE BofA 3-Month U.S. Treasury Bill Index to the S&P 500 Index to comply with the regulation that requires the fund's broad-based securities market index to represent the overall applicable market. What factors materially affected the fund's performance over the last six months? For the reporting period, the fund saw particularly strong performance from long positions in Equity Indexes, benefiting from consistent trends in the first quarter of 2024 before the market correction in April. Positive returns from Commodities markets in the first quarter were negated by market reversals in the second quarter, particularly in the energy and grains sectors, leading to an overall net negative contribution from Commodities for the reporting period. Fixed Income and Currency markets were volatile and difficult to trend-follow, resulting in minimal contributions, and detractions, respectively, from these sectors. |
Performance Past Does Not Indicate Future [Text] | The fund's past performance is not a good predictor of the fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns* as of 6.30.24 6 Month † One Year Five Years Ten Years Institutional Class 5.24% 5.47% 6.10% 3.01% S&P 500 Index 15.29% 24.56% 15.05% 12.86% ICE BofA 3-Month U.S. Treasury Bill Index 2.65% 5.43% 2.17% 1.52% |
No Deduction of Taxes [Text Block] | Returns are historical and include changes in principal and reinvested dividends and capital gains and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Net Assets | $ 70,137,445 |
Holdings Count | shares | 119 |
Investment Company, Portfolio Turnover | 0% |
Additional Fund Statistics [Text Block] | Fund Statistics as of 6.30.24 Net Assets $70,137,445 Number of Portfolio Holdings 119 Portfolio Turnover Rate 0% |
Holdings [Text Block] | What did the fund invest in? Consolidated Holdings Diversification 1 Sector % of Net Assets Equity Futures Contracts 104.3% Commodity Futures Contracts 62.3% Interest Rate Futures Contracts 54.4% Currency Futures Contracts 15.4% Equity Futures Contracts Short Sales -20.9% Currency Futures Contracts Short Sales -67.0% Commodity Futures Contracts Short Sales -72.8% Interest Rate Futures Contracts Short Sales -182.3% Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Largest Holdings [Text Block] | Largest Holdings 2 Guggenheim Strategy Fund III 8.3% Guggenheim Strategy Fund II 5.9% Guggenheim Ultra Short Duration Fund — Institutional Class 3.6% Total 17.8% 1 "Consolidated Holdings Diversification (Market Exposure as % of Net Assets)" excludes any temporary cash investments, investments in Guggenheim Strategy Funds Trust mutual funds, or investments in Guggenheim Ultra Short Duration Fund. 2 "Largest Holdings" excludes any temporary cash or derivative investments. |
Accountant Change Statement [Text Block] | What changes in or disagreements with accountants occurred? There were no changes in or disagreements with fund accountants for the period. |