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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Aug. 01, 2011
Telecommunications Fund (First Prospectus Summary) | Telecommunications Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading TELECOMMUNICATIONS FUND
Investment Objective, Heading rr_ObjectiveHeading INVESTMENT OBJECTIVE -
investment Objective, Primary rr_ObjectivePrimaryTextBlock
The Telecommunications Fund (the "Fund") seeks to provide
capital appreciation by investing in companies engaged in
the development, manufacture, or sale of communications
services or communications equipment ("Telecommunications
Companies").
Expense, Heading rr_ExpenseHeading FEES AND EXPENSES OF THE FUND -
Expense, Narrative rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and
hold Advisor Class Shares or Investor Class Shares of the Fund.
Shareholder Fees, Caption rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment) N/A
Operating Expenses, Caption rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover, Heading rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER -
Portfolio Turnover rr_PortfolioTurnoverTextBlock
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate may
indicate higher transaction costs and may result in higher taxes when Fund shares
are held in a taxable account. These costs, which are not reflected in Total Annual
Fund Operating Expenses or in the Example, affect the Fund's performance. During the
most recent fiscal year, the Fund's portfolio turnover rate was 1,008% of the average
value of its portfolio. However, the Fund's portfolio turnover rate is calculated
without regard to cash instruments or derivatives. If such instruments were included,
the Fund's portfolio turnover rate might be significantly higher.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 1008.00%
Expense Example, Heading rr_ExpenseExampleHeading EXAMPLE -
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the cost of investing in
the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods
indicated, and then redeem all of your shares at the end of those periods. The
Example also assumes that your investment has a 5% return each year and that the
Fund's operating expenses remain the same. Although your actual costs may be
higher or lower, based on these assumptions your costs would be:
Investment Strategy, Heading rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES -
Investment Strategy, Narrative rr_StrategyNarrativeTextBlock
Under normal circumstances, the Fund invests substantially all (at least 80%) of
its net assets in equity securities of Telecommunications 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.
In addition, the Fund will invest to a significant extent in the securities of
Telecommunications Companies that have small to mid-sized capitalizations.
Telecommunications Companies include traditional and wireless telephone services
or equipment providers, Internet equipment and service providers, and fiber-optics.
The Fund may also purchase American Depositary Receipts ("ADRs") to gain exposure to
foreign Telecommunications Companies and U.S. government securities. In an effort to
ensure that the Fund is fully invested on a day-to-day basis, the Fund may
conduct any necessary trading activity at or just prior to the close of the U.S.
financial markets. The Fund invests in the securities of a limited number of
issuers conducting business in the telecommunications sector and therefore may
be concentrated in an industry or group of industries within the
telecommunications sector. The Fund is non-diversified and, therefore, may
invest a greater percentage of its assets in a particular issuer in comparison
to a diversified fund.
Risk, Heading rr_RiskHeading PRINCIPAL RISKS -
Risk, Narrative rr_RiskNarrativeTextBlock
As with all mutual funds, a shareholder is subject to the risk that his or her
investment could lose money. In addition to this risk, the Fund is subject to a
number of additional risks that may affect the value of its shares, including:

Active Trading Risk - Active trading, also called "high portfolio turnover," may
result in higher brokerage costs or mark-up charges, which may negatively affect
Fund performance and result in short-term capital gains, which have a negative tax
effect. Large movements of assets into and out of the Fund due to active trading
also may adversely affect the Fund's ability to achieve its investment objective.

Depositary Receipt Risk - The Fund may hold the securities of non-U.S. companies
in the form of ADRs. The underlying securities of the ADRs in the Fund's
portfolio are subject to fluctuations in foreign currency exchange rates that
may affect the value of the Fund's portfolio. In addition, the value of the
securities underlying the ADRs may change materially when the U.S. markets are
not open for trading. Investments in the underlying foreign securities also
involve political and economic risks distinct from those associated with
investing in the securities of U.S. issuers.

Derivatives Risk - The Fund's investments in derivatives may pose risks in
addition to those associated with investing directly in securities or other
investments, including illiquidity of the derivatives, imperfect correlations
with underlying investments or the Fund's other portfolio holdings, lack of
availability and counterparty risk.

Early Closing Risk - The Fund is subject to the risk that unanticipated early
closings of securities exchanges and other financial markets may result in the
Fund's inability to buy or sell securities or other financial instruments on
that day and may cause the Fund to incur substantial trading losses.

Foreign Issuer Exposure Risk - The Fund may invest in securities of foreign
companies directly, or in financial instruments, such as ADRs, that are
indirectly linked to the performance of foreign issuers. Foreign securities
markets generally have less trading volume and less liquidity than U.S. markets,
and prices in some foreign markets may fluctuate more than those of securities
traded on U.S. markets.

Investment Technique Risk - The Advisor does not engage in temporary defensive
investing, keeping the Fund fully invested in all market environments. This
means that, based on market and economic conditions, the Fund's performance
could be lower than other types of mutual funds that may actively shift their
portfolio assets to lessen the impact of a market decline.

Market Risk - The Fund's investments in securities and derivatives, in general,
are subject to market risks that may cause their prices, and therefore the
Fund's value, to fluctuate over time. An investment in the Fund may lose money.

Mid-Capitalization Securities Risk - The Fund is subject to the risk that
medium-capitalization stocks may underperform other segments of the equity
market or the equity market as a whole.

Non-Diversification Risk - The Fund is considered non-diversified and can invest
a greater portion of its assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a single security
could cause greater fluctuations in the value of Fund shares than would occur in
a diversified fund.

Small-Capitalization Securities Risk - The Fund is subject to the risk that
small-capitalization stocks may underperform other segments of the equity market
or the equity market as a whole.

Telecommunications Sector Concentration Risk - To the extent that the Fund's
investments are concentrated in issuers conducting business in the
telecommunications sector, the Fund is subject to the risk that the securities
of such issuers will underperform the market as a whole due to legislative or
regulatory changes, adverse market conditions and/or increased competition
affecting that economic sector. The prices of the securities of the
Telecommunications Companies also may fluctuate widely in response to such
events.

Trading Halt Risk - If a trading halt occurs, the Fund may temporarily be unable
to purchase or sell securities, options or futures contracts. Such a trading
halt near the time the Fund prices its shares may limit the Fund's ability to
use leverage and may prevent the Fund from achieving its investment objective.
Risk, Lose Money rr_RiskLoseMoney As with all mutual funds, a shareholder is subject to the risk that his or her investment could lose money.
Risk, Nondiversified Status rr_RiskNondiversifiedStatus The Fund is considered non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single security could cause greater fluctuations in the value of Fund shares than would occur in a diversified fund.
Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION -
Performance, Narrative rr_PerformanceNarrativeTextBlock
The following bar chart shows the performance of theInvestor Class Shares of the
Fund from year to year. The variability of performance over time provides an
indication of the risks of investing in the Fund. The following table shows the
performance of the Investor Class Shares and Advisor Class Shares of the Fund as
an average over different periods of time in comparison to the performance of a
broad-based market index. The figures in the bar chart and table assume the
reinvestment of dividends and capital gains distributions. Of course, this past
performance (before and after taxes) does not necessarily indicate how the Fund
will perform in the future.

Updated performance information is available on the Fund's website at
www.rydex-sgi.com or by calling Rydex|SGI Client Services at 800-820-0888.
Performance, Information Illustrates Variability of Returns rr_PerformanceInformationIllustratesVariabilityOfReturns The variability of performance over time provides an indication of the risks of investing in the Fund.
Performance, Availability Phone Number rr_PerformanceAvailabilityPhone 800-820-0888
Performance, Availability Website Address rr_PerformanceAvailabilityWebSiteAddress www.rydex-sgi.com
Performance, Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture Of course, this past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.
Bar Chart, Narrative rr_BarChartNarrativeTextBlock
The performance information shown below for Investor Class Shares is based on a
calendar year. The year-to-date return for the period from January 1, 2011
through June 30, 2011 is -2.66%.
Bar Chart, Closing rr_BarChartClosingTextBlock
Highest Quarter Return                          Lowest Quarter Return
(quarter ended 12/31/2002) 36.36%   (quarter ended 3/31/2001) -32.86%
Index No Deduction for Fees, Expenses, Taxes rr_IndexNoDeductionForFeesExpensesTaxes reflects no deduction for fees, expenses or taxes
Performance Table, Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The after-tax returns presented in the table below are calculated using highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table, Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Your actual after-tax returns will depend on your specific tax situation and may differ from those shown below. After-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table, Narrative rr_PerformanceTableNarrativeTextBlock
The after-tax returns presented in the table below are calculated using highest
historical individual federal marginal income tax rates and do not reflect the
impact of state and local taxes. Your actual after-tax returns will depend on
your specific tax situation and may differ from those shown below. After-tax
returns are not relevant to investors who hold shares of the Fund through
tax-deferred arrangements, such as 401(k) plans or individual retirement
accounts.
Average Annual Returns, Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURN (for periods ended December 31, 2010)
Telecommunications Fund (First Prospectus Summary) | Telecommunications Fund | Investor
 
Risk/Return: rr_RiskReturnAbstract  
Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return for the period
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2011
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (2.66%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2002
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 36.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2001
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (32.86%)
Telecommunications Fund | S&P 500® Index
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel S&P 500® Index (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.06%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 2.29%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 1.41%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception 4.17%
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Sep. 01, 2004
Average Annual Returns, Since Inception Secondary ck0000899148_AverageAnnualReturnSinceInceptionSecondary 2.09%
Average Annual Returns, Inception Date Secondary ck0000899148_AverageAnnualReturnInceptionDateSecondary Apr. 18, 2001
Telecommunications Fund | Advisor
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution (12b-1) and/or Shareholder Service Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.78%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.88%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 191
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 591
Expense Example, With Redemption, 5 Years rr_ExpenseExampleYear05 1,016
Expense Example, With Redemption, 10 Years rr_ExpenseExampleYear10 2,201
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 14.71%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.73%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (7.49%)
Telecommunications Fund | Advisor | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 14.47%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.20%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (7.84%)
Telecommunications Fund | Advisor | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.55%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.29%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (6.16%)
Telecommunications Fund | Investor
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution (12b-1) and/or Shareholder Service Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.54%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.39%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 142
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 440
Expense Example, With Redemption, 5 Years rr_ExpenseExampleYear05 761
Expense Example, With Redemption, 10 Years rr_ExpenseExampleYear10 1,669
Annual Return 2001 rr_AnnualReturn2001 (46.82%)
Annual Return 2002 rr_AnnualReturn2002 (43.04%)
Annual Return 2003 rr_AnnualReturn2003 31.78%
Annual Return 2004 rr_AnnualReturn2004 13.26%
Annual Return 2005 rr_AnnualReturn2005 (0.38%)
Annual Return 2006 rr_AnnualReturn2006 19.06%
Annual Return 2007 rr_AnnualReturn2007 9.38%
Annual Return 2008 rr_AnnualReturn2008 (45.19%)
Annual Return 2009 rr_AnnualReturn2009 29.17%
Annual Return 2010 rr_AnnualReturn2010 15.13%
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 15.13%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.20%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (7.12%)
Telecommunications Fund | Investor | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 14.91%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.70%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (7.45%)
Telecommunications Fund | Investor | After Taxes on Distributions and Sales
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.83%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.70%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 (5.88%)