# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022869
**Filing Date:** 2026-6
**Character Count:** 52522
**Document Hash:** e8590d604a832b9483d0b50639df13e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022869.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022869

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0001064046

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08821
- **FILM NUMBER:** 261048550

**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

## Series and Classes Contracts Data

### Health Care Fund (Series ID: S000003717)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010386 | Variable Annuity |  |

## 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 Variable Trust

- **b. Investment Company Act file number:** 811-08821

- **c. CIK number of Registrant:** 0001064046

- **d. LEI of Registrant:** 549300LJH0YR8RY3N305

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **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:** Health Care Fund

- **b. EDGAR series identifier (if any):** S000003717

- **c. LEI of Series:** 5493001VKGTEDLOTHU44

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $12527277.27

**Total Liabilities:** $37856.12

**Net Assets:** $12489421.15

**Cash Not Reported:** $0.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010386 | 0.59%                | 1.52%                | -6.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $865.87                  | $65758.39                                  |
| Month 2  | $65286.71                | $95348.97                                  |
| Month 3  | $358164.45               | $-968009.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Praxis Precision Medicines Inc                     | Praxis Precision Medicines Inc COM NEW                       | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        63 | NS      | $20297.97     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                           | Elanco Animal Health Inc COM                                 | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      2010 | NS      | $48099.30     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                               | GeneDx Holdings Corp COM CL A                                | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       168 | NS      | $10788.96     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JNJ CVR                                            | JNJ CVR                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       307 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alignment Healthcare Inc                           | Alignment Healthcare Inc COM                                 | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1358 | NS      | $23927.96     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                                        | Vaxcyte Inc COM                                              | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |       684 | NS      | $39747.24     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                        | AbbVie Inc. COM                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1190 | NS      | $258813.10    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                               | Waystar Holding Corp COM                                     | CUSIP: 946784105<br>LEI: 529900QJLKXDYU36MH89 | Long             | EC               | CORP              | US        |       929 | NS      | $22398.19     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                             | Option Care Health Inc COM NEW                               | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |       980 | NS      | $26381.60     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                        | Pfizer Inc. COM                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      6235 | NS      | $175078.80    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                               | Labcorp Holdings Inc COM SHS                                 | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       241 | NS      | $64301.21     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                              | Lantheus Holdings Inc COM                                    | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |       383 | NS      | $29050.55     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                                 | Bruker Corporation COM                                       | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |       749 | NS      | $27053.88     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                    | Regeneron Pharmaceuticals, Inc. COM                          | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       162 | NS      | $125167.68    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                            | Intuitive Surgical Inc. COM NEW                              | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       369 | NS      | $170105.31    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                             | PTC Therapeutics, Inc. COM                                   | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |       491 | NS      | $33451.83     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                               | Elevance Health Inc. COM                                     | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       373 | NS      | $109195.75    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                                   | Healthequity Inc COM                                         | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |       449 | NS      | $37522.93     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA - CVR                                    | SANOFI SA - CVR                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       313 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| The Cigna Group                                    | The Cigna Group COM                                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       418 | NS      | $111501.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TRI PARTY | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |     18901 | PA      | $18901.26     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Incyte Corporation.                                | Incyte Corporation. COM                                      | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       578 | NS      | $54401.36     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                          | Halozyme Therapeutics Inc COM                                | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |       589 | NS      | $38067.07     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated                | Vertex Pharmaceuticals Incorporated COM                      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       314 | NS      | $140213.56    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                      | Medtronic PLC USD0.0001                                      | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1045 | NS      | $90549.25     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                         | Zimmer Biomet Holdings Inc COM                               | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       621 | NS      | $56150.82     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                        | Humana Inc. COM                                              | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       370 | NS      | $64154.30     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc                         | Acadia Pharmaceuticals Inc COM                               | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |      1055 | NS      | $23484.30     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International, Inc.                         | Baxter International, Inc. COM                               | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |      2268 | NS      | $38102.40     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                    | Eli Lilly & Co. COM                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       402 | NS      | $369747.54    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                               | Gilead Sciences Inc. COM                                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1246 | NS      | $173655.02    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                   | Cytokinetics Inc COM NEW                                     | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |       624 | NS      | $41127.84     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                                | Krystal Biotech Inc COM                                      | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |        75 | NS      | $19374.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                         | Insmed Inc COM PAR $.01                                      | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       526 | NS      | $86011.52     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc.                           | Axsome Therapeutics Inc. COM                                 | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |       227 | NS      | $38367.54     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company                      | Becton, Dickinson and Company COM                            | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       574 | NS      | $90250.02     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                         | The Cooper Companies, Inc. COM                               | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       710 | NS      | $50765.00     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                           | Sarepta Therapeutics Inc COM                                 | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      1044 | NS      | $22717.44     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation                   | Edwards Lifesciences Corporation COM                         | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      1115 | NS      | $89289.20     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                         | Biogen Inc COM                                               | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       385 | NS      | $70582.05     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Adma Biologics Inc                                 | Adma Biologics Inc COM                                       | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1702 | NS      | $15335.02     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                         | Steris PLC ORD USD0.001                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       294 | NS      | $65012.22     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceuticals Inc                     | Ultragenyx Pharmaceuticals Inc COM                           | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |       882 | NS      | $18477.90     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                  | Johnson & Johnson COM                                        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1342 | NS      | $328038.48    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                                | Insulet Corporation COM                                      | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       233 | NS      | $48892.72     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                | Ascendis Pharma A/S SPONSORED ADR                            | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |       275 | NS      | $62900.75     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                | Teva Pharmaceutical Industries Ltd. SPONSORED ADS            | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |      2457 | NS      | $74004.84     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                       | Tenet Healthcare Corporation COM NEW                         | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       268 | NS      | $50574.28     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                         | Rhythm Pharmaceuticals Inc COM                               | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |       364 | NS      | $31657.08     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                                   | Ensign Group Inc COM                                         | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |       216 | NS      | $43524.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                         | DexCom Inc COM                                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1038 | NS      | $65186.40     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc.     | Charles River Laboratories International, Inc. COM           | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       252 | NS      | $43470.00     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                                | Danaher Corporation COM                                      | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       810 | NS      | $153576.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                            | GSK plc SPONSORED ADR                                        | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      1301 | NS      | $71802.19     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                       | Alnylam Pharmaceuticals Inc. COM                             | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       275 | NS      | $90989.25     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                   | Novo Nordisk A/S ADR                                         | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      2333 | NS      | $85737.75     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                        | Avantor Inc COM                                              | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4027 | NS      | $31571.68     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc.                         | Merit Medical Systems Inc. COM                               | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |       397 | NS      | $27365.21     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                       | Protagonist Therapeutics Inc COM                             | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       337 | NS      | $35519.80     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                        | Viatris Inc COM                                              | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |      3891 | NS      | $52567.41     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Radnet Inc                                         | Radnet Inc COM                                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |       464 | NS      | $25932.96     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                       | Biomarin Pharmaceutical Inc. COM                             | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |       771 | NS      | $43553.79     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                            | IDEXX Laboratories Inc. COM                                  | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       162 | NS      | $91026.18     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.                    | Universal Health Services, Inc. CL B                         | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |       231 | NS      | $41342.07     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare, Inc.                            | Molina Healthcare, Inc. COM                                  | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       246 | NS      | $32791.80     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                           | Alcon AG CHF0.04                                             | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |       776 | NS      | $58471.60     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                             | CRISPR Therapeutics AG COM CHF0.03                           | CUSIP: 000000000<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |      1315 | NS      | $62554.55     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                       | Madrigal Pharmaceuticals Inc COM                             | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |        70 | NS      | $36642.90     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc.                             | TransMedics Group Inc. COM                                   | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |       228 | NS      | $22665.48     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics Inc                                | TG Therapeutics Inc COM                                      | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |      1018 | NS      | $33817.96     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated                     | Quest Diagnostics Incorporated COM                           | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |       313 | NS      | $61341.74     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp.                         | Scholar Rock Holding Corp. COM                               | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |       671 | NS      | $32986.36     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                                | Stryker Corporation COM                                      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       439 | NS      | $144251.01    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                  | Veeva Systems Inc CL A COM                                   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       394 | NS      | $69210.04     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                              | Medpace Holdings Inc. COM                                    | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       101 | NS      | $48499.19     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                               | Repligen Corporation COM                                     | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |       297 | NS      | $34992.54     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                                 | Waters Corporation COM                                       | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       256 | NS      | $76236.80     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                    | AstraZeneca PLC ORD USD0.25                                  | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       422 | NS      | $83226.84     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                           | Jazz Pharmaceuticals PLC COM USD0.0001                       | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |       411 | NS      | $77699.55     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                        | Apellis Pharmaceuticals Inc COM                              | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |      1067 | NS      | $42925.41     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                       | Alkermes PLC COM USD0.01                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2307 | NS      | $81575.52     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                                | Guardant Health Inc COM                                      | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |       534 | NS      | $49325.58     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                               | Bridgebio Pharma Inc COM                                     | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |       694 | NS      | $51536.44     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                                         | Natera Inc. COM                                              | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |       366 | NS      | $73196.34     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                       | Illumina Inc COM                                             | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |       495 | NS      | $61013.70     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                         | Amgen Inc. COM                                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       521 | NS      | $183313.85    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BEONE MEDICINES LTD                                | BeOne Medicines Ltd. SPONSORED ADS                           | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |       270 | NS      | $80181.90     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                       | Thermo Fisher Scientific Inc COM                             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       384 | NS      | $188747.52    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                               | Roivant Sciences Ltd SHS                                     | CUSIP: 000000000<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |      1773 | NS      | $49112.10     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Recursion Pharmaceuticals Inc                      | Recursion Pharmaceuticals Inc CL A                           | CUSIP: 75629V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5418 | NS      | $16633.26     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                                | IQVIA Holdings Inc. COM                                      | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       441 | NS      | $75208.14     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                         | J.P. MORGAN SECURITIES LLC TRI PARTY                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |     20799 | PA      | $20798.55     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BioNTech SE                                        | BioNTech SE SPONSORED ADS                                    | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |       675 | NS      | $59994.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                        | Zoetis Inc. CL A                                             | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       790 | NS      | $93385.90     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                                 | Royalty Pharma PLC COM USD0.0001 CLASS A                     | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |      1445 | NS      | $69316.65     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc.                           | Viking Therapeutics Inc. COM                                 | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |       760 | NS      | $24730.40     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                      | Boston Scientific Corporation COM                            | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      1992 | NS      | $124998.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                                | Dentsply Sirona Inc COM                                      | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |      1810 | NS      | $20996.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                    | Bio-Techne Corp COM                                          | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |       756 | NS      | $39508.56     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation                    | United Therapeutics Corporation COM                          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       123 | NS      | $72936.54     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.                          | Agilent Technologies Inc. COM                                | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       687 | NS      | $78304.26     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                                   | Merck & Co., Inc COM                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      1965 | NS      | $236369.85    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                                 | Masimo Corporation COM                                       | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |       215 | NS      | $38242.05     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                        | Moderna Inc COM                                              | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      1137 | NS      | $57759.60     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM HOLDINGS INC                               | iRhythm Holdings Inc. COM                                    | CUSIP: 450056106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       130 | NS      | $15342.60     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.                    | GE Healthcare Technologies Inc. COMMON STOCK                 | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      1083 | NS      | $77087.94     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                          | Argenx SE SPONSORED ADR                                      | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       114 | NS      | $83248.50     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc.                                     | Tempus AI Inc. CL A                                          | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |       664 | NS      | $30026.08     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                            | Soleno Therapeutics Inc COM                                  | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |       509 | NS      | $17041.32     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                | Abbott Laboratories COM                                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1707 | NS      | $175257.69    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                                     | Mckesson Corp. COM                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       152 | NS      | $131534.72    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                 | HCA Healthcare Inc COM                                       | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       228 | NS      | $107898.72    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT THERAPEUTICS INC                            | Summit Therapeutics Inc. COM                                 | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1276 | NS      | $24192.96     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                            | UnitedHealth Group Inc. COM                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       778 | NS      | $210519.02    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                        | Hologic Inc COM                                              | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       728 | NS      | $55029.52     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.                    | Acadia Healthcare Company, Inc. COM                          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |       819 | NS      | $19156.41     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                                     | Exelixis, Inc. COM                                           | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      1053 | NS      | $45163.17     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                           | Revolution Medicines Inc COM                                 | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |       609 | NS      | $59225.25     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                   | Mettler-Toledo International Inc COM                         | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |        58 | NS      | $73149.60     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                              | Align Technology Inc. COM                                    | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       279 | NS      | $47828.97     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                        | Ionis Pharmaceuticals, Inc. COM                              | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |       645 | NS      | $48433.05     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                      | Centene Corp. COM                                            | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      1627 | NS      | $53267.98     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                      | Arrowhead Pharmaceuticals Inc COM                            | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |       684 | NS      | $42886.80     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                             | Hims & Hers Health Inc COM CL A                              | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |      1322 | NS      | $27444.72     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                       | Bristol-Myers Squibb Company COM                             | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      2519 | NS      | $152777.35    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                         | Neurocrine Biosciences Inc COM                               | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       377 | NS      | $49665.98     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                        | ResMed Inc. COM                                              | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       341 | NS      | $76547.68     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                        | Cencora Inc COM                                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       397 | NS      | $124713.58    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                              | Cardinal Health, Inc. COM                                    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       436 | NS      | $92131.16     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc.                          | Corcept Therapeutics Inc. COM                                | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |       725 | NS      | $29224.75     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                    | CVS Health Corp COM                                          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1723 | NS      | $123745.86    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                           | Icon PLC ORD EUR0.06                                         | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |       767 | NS      | $84876.22     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                        | Novartis AG SPONSORED ADR                                    | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |       423 | NS      | $64613.25     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                                 | Henry Schein, Inc. COM                                       | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |       489 | NS      | $36039.30     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Incorporated          | West Pharmaceutical Services Incorporated COM                | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       240 | NS      | $60153.60     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                                        | Revvity Inc COM                                              | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |       501 | NS      | $43892.61     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer