# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000913181-26-000282
**Filing Date:** 2026-3
**Character Count:** 56622
**Document Hash:** 36046aca472455fe6b3cc2a09ffef537
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000282.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000913181-26-000282

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**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:** 26705266

**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

### S&P SmallCap 600 Pure Value Fund (Series ID: S000003740)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010409 | 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 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:** S&P SmallCap 600 Pure Value Fund

- **b. EDGAR series identifier (if any):** S000003740

- **c. LEI of Series:** 549300MNA0D17ME2RY11

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $11927999.35

**Total Liabilities:** $42609.32

**Net Assets:** $11885390.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010409 | -1.34%               | 3.55%                | -1.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14514.61               | $-123551.79                                |
| Month 2  | $-26669.45               | $357941.94                                 |
| Month 3  | $1663242.22              | $-1845655.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fox Factory Holding Corp       | Fox Factory Holding Corp.                    | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |      5097 | NS      | $87209.67     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications  | Shenandoah Telecommunications Co.            | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |      4385 | NS      | $50690.60     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust  | KKR Real Estate Finance Trust, Inc.          | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |      3774 | NS      | $31022.28     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                  | M/I Homes, Inc.                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |       349 | NS      | $44654.55     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd        | G-III Apparel Group Ltd.                     | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |      4496 | NS      | $130204.16    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd        | Cushman & Wakefield Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      4562 | NS      | $73858.78     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc     | Apple Hospitality REIT, Inc.                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      3118 | NS      | $36948.30     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties, Inc.       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |       803 | NS      | $38030.08     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc               | Under Armour, Inc.                           | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     13376 | NS      | $66478.72     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc           | Tri Pointe Homes, Inc.                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2039 | NS      | $64167.33     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc        | Century Communities, Inc.                    | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      1951 | NS      | $115791.85    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc         | Genworth Financial, Inc.                     | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |     13979 | NS      | $126230.37    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co            | Eastman Chemical Co.                         | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |       685 | NS      | $43723.55     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                        | RXO, Inc.                                    | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |      5417 | NS      | $68470.88     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                  | MarineMax, Inc.                              | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |      5677 | NS      | $137553.71    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc         | Arbor Realty Trust, Inc.                     | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |      5650 | NS      | $43844.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc         | eXp World Holdings, Inc.                     | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |      3168 | NS      | $28670.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW, Inc.                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |      4007 | NS      | $53092.75     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc       | United Natural Foods, Inc.                   | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |      2785 | NS      | $93770.95     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                      | Stepan Co.                                   | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      2399 | NS      | $113616.64    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp        | First Financial Bancorp                      | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |      1156 | NS      | $28923.12     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc           | Sonic Automotive, Inc.                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |      1261 | NS      | $78005.46     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                        | IAC, Inc.                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |      2065 | NS      | $80741.50     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                   | ArcBest Corp.                                | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      1498 | NS      | $111136.62    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc        | Titan International, Inc.                    | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     15079 | NS      | $118068.57    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc    | Asbury Automotive Group, Inc.                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       480 | NS      | $111614.40    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc     | Atlas Energy Solutions, Inc.                 | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5173 | NS      | $48729.66     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                      | TEGNA, Inc.                                  | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |      2287 | NS      | $44390.67     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                     | Phinia, Inc.                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |       827 | NS      | $51844.63     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc             | ABM Industries, Inc.                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      2140 | NS      | $90522.00     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I | Hawaiian Electric Industries, Inc.           | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |      3957 | NS      | $48671.10     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc              | Newell Brands, Inc.                          | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |     39896 | NS      | $148413.12    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co        | Central Garden & Pet Co.                     | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      1598 | NS      | $46645.62     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                 | Ziff Davis, Inc.                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      2258 | NS      | $79368.70     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp    | Matthews International Corp.                 | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      1672 | NS      | $43672.64     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment  | Dave & Buster's Entertainment, Inc.          | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |      2974 | NS      | $48208.54     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc       | Encore Capital Group, Inc.                   | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |       545 | NS      | $29620.75     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                | Chemours Co.                                 | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |      2349 | NS      | $27694.71     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/VA              | Universal Corp.                              | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |      2080 | NS      | $109720.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc            | Leggett & Platt, Inc.                        | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |      9173 | NS      | $100903.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc      | Caesars Entertainment, Inc.                  | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      3037 | NS      | $71035.43     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc          | Worthington Steel, Inc.                      | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |      1505 | NS      | $52103.10     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc         | Energizer Holdings, Inc.                     | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |      1527 | NS      | $30372.03     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection, Inc.                          | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |       843 | NS      | $48691.68     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc          | Jackson Financial, Inc.                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |       680 | NS      | $72522.00     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp              | World Kinect Corp.                           | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |      4367 | NS      | $102318.81    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                   | Navient Corp.                                | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |      3386 | NS      | $44018.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp            | Meritage Homes Corp.                         | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |       802 | NS      | $52771.60     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                  | CoreCivic, Inc.                              | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |      1561 | NS      | $29830.71     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc     | Vishay Intertechnology, Inc.                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |      4445 | NS      | $64408.05     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc  | Franklin BSP Realty Trust, Inc.              | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |      4937 | NS      | $49518.11     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd           | Marten Transport Ltd.                        | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3343 | NS      | $38043.34     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp   | Select Medical Holdings Corp.                | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7147 | NS      | $106132.95    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                    | Kohl's Corp.                                 | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |      6866 | NS      | $140135.06    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                       | Angi, Inc.                                   | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |      8493 | NS      | $109814.49    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc             | Liberty Energy, Inc.                         | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1860 | NS      | $34335.60     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp           | JetBlue Airways Corp.                        | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |     23638 | NS      | $107552.90    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                      | Monro, Inc.                                  | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4254 | NS      | $85250.16     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc             | Corsair Gaming, Inc.                         | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |      9972 | NS      | $59233.68     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc               | Under Armour, Inc.                           | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |      8344 | NS      | $40051.20     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc      | Sally Beauty Holdings, Inc.                  | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |      3958 | NS      | $56441.08     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group, Inc.                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |      5279 | NS      | $92699.24     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC, Inc.                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9288 | NS      | $50526.72     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc           | Koppers Holdings, Inc.                       | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4073 | NS      | $110296.84    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes Inc        | Dream Finders Homes, Inc.                    | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4667 | NS      | $79805.70     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Guess? Inc                     | Guess?, Inc.                                 | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               | CORP              | US        |      5596 | NS      | $93733.00     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                 | NCR Voyix Corp.                              | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |      3764 | NS      | $38392.80     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc       | Patterson-UTI Energy, Inc.                   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     17859 | NS      | $109118.49    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc         | Penn Entertainment, Inc.                     | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5181 | NS      | $76419.75     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co      | Edgewell Personal Care Co.                   | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      8326 | NS      | $141958.30    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc          | Mohawk Industries, Inc.                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |       708 | NS      | $77384.40     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                     | Adient plc                                   | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | US        |      5914 | NS      | $113371.38    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Sto | Cracker Barrel Old Country Store, Inc.       | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |      3711 | NS      | $94259.40     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc   | Bread Financial Holdings, Inc.               | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       612 | NS      | $45306.36     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp          | Lincoln National Corp.                       | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |      2874 | NS      | $127979.22    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                | MillerKnoll, Inc.                            | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |      8159 | NS      | $149146.52    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods Inc            | TreeHouse Foods, Inc.                        | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |      3949 | NS      | $93156.91     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings  | Sun Country Airlines Holdings, Inc.          | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |      3792 | NS      | $54566.88     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                   | SM Energy Co.                                | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      5027 | NS      | $94004.90     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| American Axle & Manufacturing  | American Axle & Manufacturing Holdings, Inc. | CUSIP: 024061103<br>LEI: 254900SMQY98VFKNCC32 | Long             | EC               | CORP              | US        |     18874 | NS      | $120982.34    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                  | Cable One, Inc.                              | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |       408 | NS      | $46042.80     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co               | Boise Cascade Co.                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      1011 | NS      | $74409.60     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc         | Employers Holdings, Inc.                     | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1398 | NS      | $60351.66     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                  | PRA Group, Inc.                              | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |      2746 | NS      | $48576.74     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                   | Sylvamo Corp.                                | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |       827 | NS      | $39820.05     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                   | Carter's, Inc.                               | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      2647 | NS      | $85842.21     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc         | Advance Auto Parts, Inc.                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      1380 | NS      | $54234.00     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                  | O-I Glass, Inc.                              | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5537 | NS      | $81726.12     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services I | Provident Financial Services, Inc.           | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |      1477 | NS      | $29170.75     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp         | American Woodmark Corp.                      | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      1771 | NS      | $95456.90     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc           | Rush Enterprises, Inc.                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |       757 | NS      | $40832.58     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc               | Shutterstock, Inc.                           | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |      2513 | NS      | $47998.30     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                   | Organon & Co.                                | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     11613 | NS      | $83265.21     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate  | Apollo Commercial Real Estate Finance, Inc.  | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |      4228 | NS      | $40927.04     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp            | Peabody Energy Corp.                         | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      1849 | NS      | $54915.30     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C | Stewart Information Services Corp.           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |       421 | NS      | $29579.46     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc    | Standard Motor Products, Inc.                | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |      2101 | NS      | $77421.85     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc          | Oxford Industries, Inc.                      | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      2896 | NS      | $99043.20     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                | Scholastic Corp.                             | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3414 | NS      | $101156.82    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp           | Kaiser Aluminum Corp.                        | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       464 | NS      | $53295.04     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc  | Capitol Federal Financial, Inc.              | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5047 | NS      | $34370.07     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp               | AdaptHealth Corp.                            | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12562 | NS      | $125117.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide C | Marriott Vacations Worldwide Corp.           | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      1916 | NS      | $110534.04    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                       | LKQ Corp.                                    | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      2382 | NS      | $71936.40     | 0.61%             |  |  |  | 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        |     47935 | PA      | $47934.51     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Forward Air Corp               | Forward Air Corp.                            | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1308 | NS      | $32700.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The         | Greenbrier Companies, Inc.                   | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |      2414 | NS      | $112830.36    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc              | Bristow Group, Inc.                          | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      1655 | NS      | $60606.10     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc    | Summit Hotel Properties, Inc.                | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |     16482 | NS      | $80267.34     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd             | Ichor Holdings Ltd.                          | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | US        |      3968 | NS      | $73130.24     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp.                                    | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      6311 | NS      | $87533.57     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc       | Acadia Healthcare Company, Inc.              | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      9199 | NS      | $130533.81    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc             | Astrana Health, Inc.                         | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |      3717 | NS      | $92218.77     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Lt | Alpha & Omega Semiconductor Ltd.             | CUSIP: N/A<br>LEI: 5493001FE7J03YOV2V35       | Long             | EC               | CORP              | US        |      2668 | NS      | $52853.08     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc       | Northern Oil & Gas, Inc.                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |      1960 | NS      | $42081.20     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                   | Safehold, Inc.                               | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |      4294 | NS      | $58784.86     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co            | Allegiant Travel Co.                         | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |       386 | NS      | $32914.22     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp    | Grocery Outlet Holding Corp.                 | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11491 | NS      | $116059.10    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc               | Hope Bancorp, Inc.                           | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |      4395 | NS      | $48169.20     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc      | Benchmark Electronics, Inc.                  | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |       843 | NS      | $36046.68     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings, Inc.                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      1850 | NS      | $53650.00     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc     | Core Natural Resources, Inc.                 | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       383 | NS      | $33899.33     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                 | Perrigo Company plc                          | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | US        |      9398 | NS      | $130820.16    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc             | SunCoke Energy, Inc.                         | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     21306 | NS      | $153403.20    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The              | Andersons, Inc.                              | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |      1881 | NS      | $100012.77    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co             | Crescent Energy Co.                          | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10917 | NS      | $91593.63     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The              | GEO Group, Inc.                              | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |      1884 | NS      | $30370.08     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc           | Hilltop Holdings, Inc.                       | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |       941 | NS      | $31937.54     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                    | Deluxe Corp.                                 | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |      3698 | NS      | $82576.34     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                | Masterbrand, Inc.                            | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |      7213 | NS      | $79631.52     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc    | AMN Healthcare Services, Inc.                | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      4598 | NS      | $72464.48     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust        | Pebblebrook Hotel Trust                      | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |      5892 | NS      | $66697.44     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                    | Vestis Corp.                                 | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     16516 | NS      | $110161.72    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc               | Talos Energy, Inc.                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |      2984 | NS      | $32883.68     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc         | Group 1 Automotive, Inc.                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       225 | NS      | $88492.50     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc    | Fresh Del Monte Produce, Inc.                | CUSIP: N/A<br>LEI: 529900I72V9F0FEZR228       | Long             | EC               | CORP              | US        |      3273 | NS      | $116616.99    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises, Inc.                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |      2389 | NS      | $71693.89     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc            | Bloomin' Brands, Inc.                        | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     12808 | NS      | $79025.36     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc      | Ethan Allen Interiors, Inc.                  | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1241 | NS      | $28344.44     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors, Inc.              | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |       961 | NS      | $48011.56     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group I | Helix Energy Solutions Group, Inc.           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     12712 | NS      | $79704.24     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                | Robert Half, Inc.                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      1578 | NS      | $42858.48     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co              | DXC Technology Co.                           | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     10393 | NS      | $152257.45    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                  | LGI Homes, Inc.                              | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      2132 | NS      | $91590.72     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc         | Apogee Enterprises, Inc.                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      1197 | NS      | $43582.77     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co        | Central Garden & Pet Co.                     | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |       251 | NS      | $8069.65      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc              | ManpowerGroup, Inc.                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      5379 | NS      | $159917.67    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp      | California Resources Corp.                   | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |       640 | NS      | $28614.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc              | PROG Holdings, Inc.                          | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |      2069 | NS      | $61014.81     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                  | Hub Group, Inc.                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1066 | NS      | $45422.26     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises, Inc.                    | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      1056 | NS      | $86032.32     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc      | Minerals Technologies, Inc.                  | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |       612 | NS      | $37301.40     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties | Easterly Government Properties, Inc.         | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |      1891 | NS      | $40070.29     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                   | Metallus, Inc.                               | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |      3428 | NS      | $58824.48     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                  | Insperity, Inc.                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      1177 | NS      | $45573.44     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.          | BofA Securities, Inc.                        | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |     47935 | PA      | $47934.52     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Winnebago Industries Inc       | Winnebago Industries, Inc.                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      3226 | NS      | $130717.52    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc          | Heartland Express, Inc.                      | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |      7912 | NS      | $71445.36     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson, Inc.                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       249 | NS      | $30763.95     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp  | Quanex Building Products Corp.               | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |      5939 | NS      | $91341.82     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc         | Schneider National, Inc.                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |      1476 | NS      | $39158.28     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                 | ScanSource, Inc.                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      3049 | NS      | $119093.94    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                   | La-Z-Boy, Inc.                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |       746 | NS      | $27803.42     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                     | CarMax, Inc.                                 | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3308 | NS      | $127821.12    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO