# EDGAR Filing Document

**Accession Number:** 0000899148
**File Stem:** 0000913181-25-000292
**Filing Date:** 2025-12
**Character Count:** 24480
**Document Hash:** c07440a581594ed24ffe61e853958220
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000292.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000292

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000899148

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07584
- **FILM NUMBER:** 251538158

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **DATE OF NAME CHANGE:** 20170712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES FUNDS
- **DATE OF NAME CHANGE:** 20000229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Europe 1.25x Strategy Fund (Series ID: S000003695)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010346 | Class H      | RYEUX           |
| C000010347 | Class A      | RYAEX           |
| C000010348 | Class C      | RYCEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Rydex Series Funds

- **b. Investment Company Act file number:** 811-07584

- **c. CIK number of Registrant:** 0000899148

- **d. LEI of Registrant:** 5493004D62WV1EDNTU07

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

**Item A.2. Information about the Series.**

- **a. Name of Series:** Europe 1.25x Strategy Fund

- **b. EDGAR series identifier (if any):** S000003695

- **c. LEI of Series:** 549300JYFUD05SONF364

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2065133.25

**Total Liabilities:** $33957.27

**Net Assets:** $2031175.98

**Cash Not Reported:** $31643.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010347 | -4.21%               | 6.11%                | 2.63%                |
| Class ID C000010348 | -4.26%               | 6.03%                | 2.57%                |
| Class ID C000010346 | -4.21%               | 6.09%                | 2.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4784.00                | $-84410.58                                 |
| Month 2  | $-45633.41               | $105752.64                                 |
| Month 3  | $-8974.32                | $29459.72                                  |

**Designated Index Information**

- **Index Name:** DJ STOXX 50

- **Index Identifier:** STXE50_USD

### Schedule of Portfolio Investments

| Name                                          | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Schneider Electric SE                         | Schneider Electric SE                                      | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |       481 | NS      | $26945.62     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                     | Safran S.A.                                                | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |       250 | NS      | $22077.50     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                     | Nestle S.A.                                                | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |       429 | NS      | $39369.33     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                     | Sanofi S.A.                                                | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | US        |       379 | NS      | $17888.80     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                   | Novartis AG                                                | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |       321 | NS      | $41165.04     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                           | Intesa Sanpaolo SpA                                        | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |       406 | NS      | $16114.14     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                    | J.P. Morgan Securities LLC                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |    352793 | PA      | $352793.44    | 17.37%            |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                 | UniCredit SpA                                              | CUSIP: 904678406<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |       520 | NS      | $19728.80     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                  | British American Tobacco plc                               | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |       365 | NS      | $19374.20     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                              | Novo Nordisk A/S                                           | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |       537 | NS      | $29798.13     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                        | BP plc                                                     | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |       457 | NS      | $15748.22     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                              | TotalEnergies SE                                           | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |       380 | NS      | $22682.20     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                               | ASML Holding N.V.                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | US        |        65 | NS      | $62925.85     | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                     | Zurich Insurance Group AG                                  | CUSIP: 989825104<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |       486 | NS      | $17384.22     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep NV                                  | ING Groep N.V.                                             | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |       503 | NS      | $13118.24     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria S.A.          | Banco Bilbao Vizcaya Argentaria S.A.                       | CUSIP: 05946K101<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |       961 | NS      | $18499.25     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                     | Prosus N.V.                                                | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |      1046 | NS      | $14769.52     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                    | Anheuser-Busch InBev S.A.                                  | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |       171 | NS      | $10193.31     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                   | Euro FX Futures Contracts                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        10 | NC      | $6637.00      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                      | Rolls-Royce Holdings plc                                   | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |      1393 | NS      | $22566.60     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                     | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen  | CUSIP: 626188106<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      1086 | NS      | $13889.94     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                      | Enel SpA                                                   | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |      1299 | NS      | $12288.54     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                    | L'Oreal S.A.                                               | CUSIP: 502117203<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |       200 | NS      | $17328.00     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PL                | London Stock Exchange Group plc                            | CUSIP: 54211N101<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |       338 | NS      | $9785.10      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                 | U.S. Treasury Bills                                        | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    139000 | PA      | $138797.24    | 6.83%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Diageo PLC                                    | Diageo plc                                                 | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |        92 | NS      | $8779.56      | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                    | Siemens AG                                                 | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |       250 | NS      | $33752.50     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                        | AXA S.A.                                                   | CUSIP: 054536107<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |       305 | NS      | $14621.70     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                                       | ABB Ltd.                                                   | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |       263 | NS      | $18922.85     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                | Rheinmetall AG                                             | CUSIP: 76206K107<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |        38 | NS      | $17698.12     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                    | Allianz SE                                                 | CUSIP: 018820100<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |       643 | NS      | $26986.71     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex                                         | STOXX 50 Index Futures Contracts                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        27 | NC      | $20144.24     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                        | SAP SE                                                     | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       170 | NS      | $45425.70     | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                  | Iberdrola S.A.                                             | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |       255 | NS      | $19395.30     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                              | Roche Holding AG                                           | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       937 | NS      | $39175.97     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                           | EssilorLuxottica S.A.                                      | CUSIP: 297284200<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |       104 | NS      | $16952.00     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                                | Air Liquide S.A.                                           | CUSIP: 009126202<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       483 | NS      | $20010.69     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                             | HSBC Holdings plc                                          | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |       575 | NS      | $40813.50     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                     | Shell plc                                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |       488 | NS      | $34906.64     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                  | UBS Group AG                                               | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | US        |       522 | NS      | $21402.00     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                 | Rio Tinto plc                                              | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |       179 | NS      | $11815.79     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA                   | Cie Financiere Richemont S.A.                              | CUSIP: 204319107<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |       896 | NS      | $17122.56     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                            | Banco Santander S.A.                                       | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |      2474 | NS      | $25927.52     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                       | GSK plc                                                    | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |       337 | NS      | $14544.92     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                  | Unilever plc                                               | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |       419 | NS      | $24838.32     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                | BNP Paribas S.A.                                           | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |       355 | NS      | $16159.60     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                           | Deutsche Telekom AG                                        | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |       584 | NS      | $19943.60     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                      | RELX plc                                                   | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |       314 | NS      | $14996.64     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Partners Investment Management LLC | Guggenheim Ultra Short Duration Fund - Institutional Class | CUSIP: 40169J523<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7027 | NS      | $70762.57     | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Partners Investment Management LLC | Guggenheim Strategy Fund II                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      2760 | NS      | $68680.12     | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                             | National Grid plc                                          | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |       172 | NS      | $12499.24     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                               | AstraZeneca plc                                            | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       515 | NS      | $39510.80     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                         | BofA Securities, Inc.                                      | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    253858 | PA      | $253858.01    | 12.50%            |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                      | Hermes International SCA                                   | CUSIP: 42751Q105<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |        58 | NS      | $14216.96     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt                | LVMH Moet Hennessy Louis Vuitton SE                        | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       211 | NS      | $25807.41     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                      | Vinci S.A.                                                 | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       389 | NS      | $13482.74     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                     | Airbus SE                                                  | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |       393 | NS      | $22880.46     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Rydex Series Funds

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO