# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000913181-26-000307
**Filing Date:** 2026-3
**Character Count:** 22470
**Document Hash:** 521b12410d5d0d6ca698e2f33d62046f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000307.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000913181-26-000307

**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:** 26705290

**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 500 Pure Growth Fund (Series ID: S000003739)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010408 | 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 500 Pure Growth Fund

- **b. EDGAR series identifier (if any):** S000003739

- **c. LEI of Series:** 549300B4BIN4BI5BDM76

**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:** $24774082.79

**Total Liabilities:** $122908.36

**Net Assets:** $24651174.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010408 | -0.44%               | -3.07%               | 0.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $155298.40               | $-230546.99                                |
| Month 2  | $220803.93               | $-1010113.76                               |
| Month 3  | $2774712.92              | $-2517154.24                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA Corp                   | NVIDIA Corp.                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2641 | NS      | $492546.50    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                      | RTX Corp.                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2282 | NS      | $418518.80    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                  | VeriSign, Inc.                  | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1118 | NS      | $271618.10    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc        | Berkshire Hathaway, Inc.        | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1444 | NS      | $725826.60    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                   | Rollins, Inc.                   | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      4164 | NS      | $249923.28    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc        | IDEXX Laboratories, Inc.        | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       582 | NS      | $393740.46    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                | GE Vernova, Inc.                | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       556 | NS      | $363384.92    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                | Eli Lilly & Co.                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       514 | NS      | $552385.52    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                  | Insulet Corp.                   | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1465 | NS      | $416411.60    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                 | Carnival Corp.                  | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |     16878 | NS      | $515454.12    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp         | Monster Beverage Corp.          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      4312 | NS      | $330601.04    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                  | DoorDash, Inc.                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      1697 | NS      | $384336.56    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                 | Amphenol Corp.                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4348 | NS      | $587588.72    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                 | Welltower, Inc.                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      1593 | NS      | $295676.73    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc       | O'Reilly Automotive, Inc.       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2804 | NS      | $255752.84    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc      | Crowdstrike Holdings, Inc.      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1080 | NS      | $506260.80    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                  | Newmont Corp.                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      4357 | NS      | $435046.45    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD | Marriott International, Inc.    | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      1035 | NS      | $321098.40    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc            | HCA Healthcare, Inc.            | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1076 | NS      | $502341.36    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc         | Uber Technologies, Inc.         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      4804 | NS      | $392534.84    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                  | Broadcom, Inc.                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1335 | NS      | $462043.50    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                      | KLA Corp.                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       382 | NS      | $464160.56    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE               | Sandisk Corp.                   | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1718 | NS      | $407818.84    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                  | Tapestry, Inc.                  | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      3402 | NS      | $434673.54    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc           | Quanta Services, Inc.           | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       901 | NS      | $380276.06    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc         | Micron Technology, Inc.         | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      1367 | NS      | $390155.47    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc | Hilton Worldwide Holdings, Inc. | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1223 | NS      | $351306.75    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                | Microsoft Corp.                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       516 | NS      | $249547.92    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc               | First Solar, Inc.               | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2107 | NS      | $550411.61    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc               | Caterpillar, Inc.               | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       492 | NS      | $281852.04    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp             | Ralph Lauren Corp.              | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1236 | NS      | $437061.96    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc     | Palantir Technologies, Inc.     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      3430 | NS      | $609682.50    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc        | TKO Group Holdings, Inc.        | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2652 | NS      | $554268.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc          | Booking Holdings, Inc.          | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        53 | NS      | $283832.49    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp             | Lam Research Corp.              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      2070 | NS      | $354342.60    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                   | Incyte Corp.                    | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      4978 | NS      | $491677.06    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc    | Advanced Micro Devices, Inc.    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1715 | NS      | $367284.40    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd   | Royal Caribbean Cruises Ltd.    | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | US        |      1535 | NS      | $428142.20    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                   | Vistra Corp.                    | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2278 | NS      | $367509.74    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                   | Netflix, Inc.                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2916 | NS      | $273404.16    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc         | Applied Materials, Inc.         | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      1001 | NS      | $257246.99    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc            | Meta Platforms, Inc.            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       583 | NS      | $384832.47    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                   | Datadog, Inc.                   | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      2203 | NS      | $299585.97    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.         | BofA Securities, Inc.           | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |     96750 | PA      | $96750.30     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc               | Ulta Beauty, Inc.               | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       574 | NS      | $347275.74    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc         | Robinhood Markets, Inc.         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      4829 | NS      | $546159.90    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc             | Expedia Group, Inc.             | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      1574 | NS      | $445929.94    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                 | AppLovin Corp.                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       922 | NS      | $621262.04    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc        | Intuitive Surgical, Inc.        | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       448 | NS      | $253729.28    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc           | TransDigm Group, Inc.           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       226 | NS      | $300546.10    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                  | Alphabet, Inc.                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       703 | NS      | $220601.40    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc | Interactive Brokers Group, Inc. | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      7661 | NS      | $492678.91    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd              | Wynn Resorts Ltd.               | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      4525 | NS      | $544493.25    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                  | Alphabet, Inc.                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       888 | NS      | $277944.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc          | Howmet Aerospace, Inc.          | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2746 | NS      | $562984.92    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc               | EMCOR Group, Inc.               | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       654 | NS      | $400110.66    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc           | Arista Networks, Inc.           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      3585 | NS      | $469742.55    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp          | Las Vegas Sands Corp.           | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      7605 | NS      | $495009.45    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc  | Monolithic Power Systems, Inc.  | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       561 | NS      | $508467.96    | 2.06%             |  |  |  | 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        |     96750 | PA      | $96750.30     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc       | Comfort Systems USA, Inc.       | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       636 | NS      | $593572.44    | 2.41%             |  |  |  | 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