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ProspectusDate rr_ProspectusDate Aug. 01, 2011
Japan 2x Strategy Fund (First Prospectus Summary) | Japan 2x Strategy Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading JAPAN 2x STRATEGY FUND
Risk/Return, Supplement Text Block ck0000899148_SupplementTextBlock
IMPORTANT INFORMATION ABOUT THE FUND - The Japan 2x Strategy Fund (the "Fund")
is very different from most other mutual funds in that it seeks leveraged
investment results. As a result, the Fund may be riskier than alternatives that
do not use leverage because the performance of an investment is magnified.

The effect of leverage on the Fund will generally cause the Fund's performance
to not correlate to the performance of the Fund's benchmark (as defined below)
over a period of time greater than one day. This means that the return of the
Fund for a period of longer than a single trading day will be the result of each
day's compounded returns over the period, which will very likely differ from
twice the return of the Fund's underlying index (as defined below) for that
period. As a consequence, especially in periods of market volatility, the path
or trend of the benchmark during the longer period may be at least as important
to the Fund's cumulative return for the longer period as the cumulative return
of the benchmark for the relevant longer period. Further, the return for
investors who invest for a period longer than a single trading day will not be
the product of the return of the Fund's stated investment goal (e.g., 2x) and
the cumulative performance of the underlying index (as defined below).

The Fund is not suitable for all investors. The Fund should be utilized only by
investors who (a) understand the risks associated with the use of leverage,
(b) understand the consequences of seeking leveraged investment results, and
(c) intend to actively monitor and manage their investments. Investors who do
not meet these criteria should not buy shares of the Fund. An investment in the
Fund is not a complete investment program.
Investment Objective, Heading rr_ObjectiveHeading INVESTMENT OBJECTIVE -
investment Objective, Primary rr_ObjectivePrimaryTextBlock
The Fund seeks to provide investment results that correlate, before fees and
expenses, to the performance of a specific benchmark. The Fund's current benchmark
is 200% of the fair value of the Nikkei 225 Stock Average (the "underlying index").
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
H-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 0% 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 0.00%
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
The Fund employs as its investment strategy a program of investing in the common
stock of companies that are generally within the capitalization range of the
underlying index and derivative instruments, which primarily consist of equity
index swaps, futures contracts, and options on securities, futures contracts, and
stock indices. Equity index swaps and futures and options contracts, if used
properly, may enable the Fund to meet its objective by increasing the Fund's
exposure to the securities included in the underlying index or to securities
whose performance is highly correlated to that of the underlying index. Under
normal circumstances, the Fund will invest at least 80% of its net assets, plus
any borrowings for investment purposes, in securities of companies in the
underlying index and derivatives and other instruments whose performance is
expected to correspond to that of the underlying index. The Nikkei 225 Stock
Average is a price-weighted average of 225 top-rated Japanese companies listed
on the First Section of the Tokyo Stock Exchange that are selected to be both
highly liquid and representative of Japan's industrial structure. As of June 30,
2011, the Nikkei 225 Stock Average included companies with small, medium and large
capitalizations ranging from $317.88 million to $128.13 billion. Certain of the
Fund's derivative investments may be traded in the over-the-counter ("OTC") market.
On a day-to-day basis, the Fund may hold U.S. government securities or cash
equivalents to collateralize its derivative positions. The Fund also may invest in
American Depositary Receipts ("ADRs") to gain exposure to the underlying index. 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. To the extent the Fund's underlying index is concentrated in
a particular industry the Fund will necessarily be concentrated in that industry.
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.

Correlation and Compounding Risk - A number of factors may affect the Fund's
ability to achieve a high degree of correlation with its benchmark, and there
can be no guarantee that the Fund will achieve a high degree of correlation.
Failure to achieve a high degree of correlation may prevent the Fund from
achieving its investment objective. The risk of the Fund not achieving its
investment objective will be more acute when the underlying index has an extreme
one-day movement approaching 50%. In addition, as a result of compounding and
the times at which the Fund and the underlying index calculate their respective
NAVs, the Fund's performance is likely to be either greater than or less than
the performance of the underlying index times the stated multiple in the Fund's
investment objective, before accounting for fees and fund expenses.

Compounding affects all investments, but has a more significant impact on a
leveraged index fund. In general, particularly during periods of higher index
volatility, compounding will cause longer-term results to be more or less than
the return of the Fund's benchmark. This effect becomes more pronounced as
volatility increases.

Fund performance for periods greater than one day can be estimated given any set
of assumptions for the following factors: (a) underlying index performance;
(b) underlying index volatility; (c) financing rates associated with leverage;
(d) other Fund expenses; (e) dividends paid by companies in the underlying
index; and (f) period of time. The chart below illustrates the impact of two
principal factors - volatility and index performance - on Fund performance. The
chart shows estimated Fund returns for a number of combinations of performance
and volatility over a one-year period. Performance shown in the chart assumes:
(a) no dividends paid by the companies included in the underlying index; (b) no
Fund expenses; and (c) a cost of leverage of zero percent. If Fund expenses were
included, the Fund's performance would be lower than shown.

Areas shaded lighter represent those scenarios where the Fund can be expected to
return more than twice the performance of the underlying index; conversely,
areas shaded darker represent those scenarios where the Fund can be expected to
return less than twice the performance of the underlying index.

Index Performance                     Annualized Volatility
1x           2x           10%        25%        50%        75%        100%
-60%            -120%       -84%       -85%       -88%       -91%       -94%
-50%            -100%       -75%       -77%       -81%       -86%       -91%
-40%             -80%       -65%       -66%       -72%       -80%       -87%
-30%             -60%       -52%       -54%       -62%       -72%       -82%
-20%             -40%       -37%       -41%       -49%       -64%       -78%
-10%             -20%       -20%       -24%       -37%       -55%       -71%
  0%               0%        -1%        -5%       -22%       -43%       -65%
 10%              20%        19%        14%        -5%       -31%       -58%
 20%              40%        42%        36%        11%       -15%       -47%
 30%              60%        67%        59%        32%        -3%       -38%
 40%              80%        93%        84%        52%        11%       -28%
 50%             100%       122%       111%        76%        28%       -20%
 60%             120%       154%       140%       100%        44%       -10%

The underlying index's annualized historical volatility rate for the five year
period ended June 30, 2011 is 18.45%. The underlying index's highest one-year
volatility rate during the five year period is 33.31%. The underlying index's
annualized performance for the five year period ended June 30, 2011 is -2.17%.

Historical underlying index volatility and performance are not indications of
what the underlying index volatility and performance will be in the future.

Counterparty Credit Risk - The Fund may make investments in financial
instruments involving counterparties that attempt to gain exposure to a
particular group of securities, index or asset class without actually purchasing
those securities or investments, or to hedge a position. The Fund's use of such
financial instruments, including swap agreements, involves risks that are
different from those associated with ordinary portfolio securities transactions.
For example, if a swap agreement counterparty defaults on its payment
obligations to the Fund, this default will cause the value of your investment in
the Fund to decrease. Swap agreements also may be considered to be illiquid.

Currency Risk - The Fund's indirect and direct exposure to foreign currencies
subjects the Fund to the risk that those currencies will decline in value
relative to the U.S. Dollar, or, in the case of short positions, that the U.S.
Dollar will decline in value relative to the currency being hedged. The Fund
also may incur transaction costs in connection with conversions between various
currencies.

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.

Geographic Concentration in Japan Risk - Targeting Japan could hurt the Fund's
performance if Japan's economy performs poorly as a result of political and
economic conditions that affect the Japanese market. Japanese stocks tend to be
more volatile than their U.S. counterparts, for reasons ranging from political
and economic uncertainties, to a higher risk that essential information may be
incomplete or erroneous. The Fund may be more volatile than a geographically
diversified equity fund.

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

Leveraging Risk - The Fund achieves leveraged exposure to the underlying index
through the use of derivative instruments. The more the Fund invests in
leveraged instruments, the more this leverage will magnify any losses on those
investments. The Fund's investment in these instruments generally requires a
small investment relative to the amount of investment exposure assumed. As a
result, such investments may give rise to losses that exceed the amount invested
in those instruments. Since the Fund's investment strategy involves consistently
applied leverage, the value of the Fund's shares will tend to increase or
decrease more than the value of any increase or decrease in the underlying
index. Leverage also will have the effect of magnifying tracking error.

Liquidity Risk - In certain circumstances, it may be difficult for the Fund to
purchase and sell particular investments within a reasonable time at a fair
price. In addition, the ability of the Fund to assign an accurate daily value to
certain investments may be difficult, and the Advisor may be required to fair
value the investments.

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.

OTC Trading Risk - Certain of the derivatives in which the Fund may invest may
be traded (and privately negotiated) in the OTC market. While the OTC
derivatives market is the primary trading venue for many derivatives, it is
largely unregulated. As a result and similar to other privately negotiated
contracts, the Fund is subject to counterparty credit risk with respect to such
derivative contracts.

Passive Investment Risk - The Fund is not actively managed and the Advisor does
not attempt to take defensive positions in declining markets. Therefore, the
Fund may be subject to greater losses in a declining market than a fund that is
actively managed.

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.

Status as a Regulated Investment Company Risk - The Fund may realize gains from
the sale or other disposition of foreign currencies and other income (including
gains from options, futures or forward contracts) derived from investing in
stock, securities, or foreign currencies. The Secretary of the Treasury is
authorized to issue regulations that might cause the Fund, as a result of its
realization of such foreign currency gains, to fail to qualify as a regulated
investment company. As of the date of this Prospectus, no regulations have been
issued pursuant to this authorization, but such regulations may be issued in the
future.

Tracking Error Risk - The Advisor may not be able to cause the Fund's
performance to correlate to that of the Fund's benchmark, either on a daily or
aggregate basis. Factors such as Fund expenses, imperfect correlation between
the Fund's investments and those of the underlying index, rounding of share
prices, changes to the composition of the underlying index, regulatory policies,
high portfolio turnover rate, and the use of leverage all contribute to tracking
error. Tracking error may cause the Fund's performance to be less than you expect.

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 the H-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 H-Class Shares of the Fund as an average over different periods of time in
comparison to the performance of a broad-based market index. Effective May 1, 2009,
the Fund changed comparative benchmarks from the Topix 100 Index to the Nikkei 225
Stock Average. This change occurred as a result of the Fund's change in name and
investment strategy. Prior to May 1, 2009, the Fund's investment strategy sought to
provide 125% exposure to the Topix 100 Index; therefore, the performance and average
annual total returns shown below for periods prior to May 1, 2009 may have differed
had the Fund's current investment strategy, which seeks to provide 200% exposure to
the Nikkei 225 Stock Average, been in effect during those periods. The Nikkei 225
Stock Average more appropriately reflects the Fund's investment universe. 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 H-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 -6.80%.
Bar Chart, Closing rr_BarChartClosingTextBlock
Highest Quarter Return                          Lowest Quarter Return
(quarter ended 06/30/2009) 44.17%   (quarter ended 3/31/2009) -33.01%
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)
Japan 2x Strategy Fund (First Prospectus Summary) | Japan 2x Strategy Fund | H-Class Shares
 
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 (6.80%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Quarter Return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 44.17%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Quarter Return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Mar. 31, 2009
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (33.01%)
Japan 2x Strategy Fund | Nikkei 225 Stock Average
 
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, Label rr_AverageAnnualReturnLabel Nikkei 225 Stock Average (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 9.61%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (0.33%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 22, 2008
Japan 2x Strategy Fund | H-Class Shares
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) and/or Shareholder Service Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.54%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.54%
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 157
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 486
Expense Example, With Redemption, 5 Years rr_ExpenseExampleYear05 839
Expense Example, With Redemption, 10 Years rr_ExpenseExampleYear10 1,834
Annual Return 2009 rr_AnnualReturn2009 14.20%
Annual Return 2010 rr_AnnualReturn2010 12.96%
Average Annual Returns, Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 12.96%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (11.97%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 22, 2008
Japan 2x Strategy Fund | H-Class Shares | 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 12.96%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (11.98%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 22, 2008
Japan 2x Strategy Fund | H-Class Shares | 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 8.42%
Average Annual Returns, Since Inception rr_AverageAnnualReturnSinceInception (9.99%)
Average Annual Returns, Inception Date rr_AverageAnnualReturnInceptionDate Feb. 22, 2008