# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-023141
**Filing Date:** 2026-6
**Character Count:** 31691
**Document Hash:** 133591bc9c710ab1fd8296d4a681515d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023141.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023141

**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:** 261049141

**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

### Banking Fund (Series ID: S000003758)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010427 | 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:** Banking Fund

- **b. EDGAR series identifier (if any):** S000003758

- **c. LEI of Series:** 5493004010362Z33XQ07

**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:** $5783494.49

**Total Liabilities:** $21964.13

**Net Assets:** $5761530.36

**Cash Not Reported:** $19.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010427 | 2.85%                | -3.54%               | -3.72%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14095.18                | $186978.07                                 |
| Month 2  | $155848.64               | $-378450.06                                |
| Month 3  | $52176.07                | $-287720.66                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UBS Group AG                                       | UBS Group AG CHF0.10 (REGD)                                  | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |      1217 | NS      | $47548.19     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                     | First Financial Bankshares Inc COM                           | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      1281 | NS      | $37725.45     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank National Association                 | Flagstar Bank National Association COM NEW                   | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |      3349 | NS      | $44106.33     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                               | Old National Bancorp COM                                     | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |      2540 | NS      | $56134.00     | 0.97%             |  |  |  | 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        |     14508 | PA      | $14508.10     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank OZK                                           | Bank OZK COM                                                 | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |       974 | NS      | $44696.86     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Galicia S.A.                      | Grupo Financiero Galicia S.A. SPONSORED ADR                  | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             | EC               | CORP              | AR        |      1114 | NS      | $52034.94     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                             | Eastern Bankshares Inc COM                                   | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |      2144 | NS      | $41936.64     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc                              | United Bankshares Inc COM                                    | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      1177 | NS      | $48751.34     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                        | Hancock Whitney Corporation COM                              | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |       718 | NS      | $45657.62     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                              | East West Bancorp Inc COM                                    | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |       717 | NS      | $76546.92     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation                      | Regions Financial Corporation COM                            | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      3741 | NS      | $97714.92     | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                          | F N B Corp (Pennsylvania) COM                                | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |      2967 | NS      | $49608.24     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                             | Cathay General Bancorp COM                                   | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |       728 | NS      | $36298.08     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.                  | PNC Financial Services Group Inc. COM                        | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       894 | NS      | $186032.46    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NU HOLDINGS LTD                                    | Nu Holdings Ltd. ORD SHS CL A                                | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     10441 | NS      | $150037.17    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                                 | BOK Financial Corp COM NEW                                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |       200 | NS      | $25612.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                             | Independent Bank Corp. COM                                   | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |       381 | NS      | $28655.01     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                                        | Bancorp Inc COM                                              | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |       439 | NS      | $23587.47     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES INC (MO)                       | Commerce Bancshares Inc COM                                  | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1101 | NS      | $54169.20     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                           | Western Alliance Bancorp COM                                 | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |       789 | NS      | $55900.65     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                             | Pathward Financial Inc COM                                   | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |       159 | NS      | $14187.57     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia                                | Bank of Nova Scotia COM                                      | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |      1001 | NS      | $69379.31     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                       | Citizens Financial Group Inc COM                             | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      1688 | NS      | $101229.36    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                     | Wintrust Financial Corporation COM                           | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |       453 | NS      | $62939.82     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc.                                | First Hawaiian Inc. COM                                      | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |      1428 | NS      | $35185.92     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                          | Prosperity Bancshares Inc COM                                | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       774 | NS      | $51997.32     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.                  | The Bank of New York Mellon Corp. COM                        | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      1521 | NS      | $180436.23    | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                       | Wesbanco Inc COM                                             | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1062 | NS      | $36628.38     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                     | HDFC Bank Ltd. SPONSORED ADS                                 | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      2609 | NS      | $64911.92     | 1.13%             |  |  |  | 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        |     15964 | PA      | $15964.40     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Columbia Banking System Inc.                       | Columbia Banking System Inc. COM                             | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |      2115 | NS      | $58014.45     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp. COM                                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      4704 | NS      | $229320.00    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                                 | State Street Corp. COM                                       | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       930 | NS      | $117700.80    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                        | Simmons First National Corp CL A $1 PAR                      | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |      1744 | NS      | $33920.80     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                               | M&T Bank Corporation COM                                     | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       550 | NS      | $113696.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB FINANCIAL CORP                                 | CVB Financial COM                                            | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1636 | NS      | $31722.04     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)           | First Citizens BancShares Inc (Delaware) CL A                | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |        36 | NS      | $67847.76     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp. COM                              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      1185 | NS      | $216179.55    | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                           | WaFd Inc COM                                                 | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       972 | NS      | $30520.80     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                         | Northern Trust Corporation COM                               | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |       724 | NS      | $101048.68    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce COM                       | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |       517 | NS      | $48985.75     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Rydex Series Funds                                 | Government Long Bond 1.2x Strategy Fund                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |       423 | NS      | $68432.94     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                      | Popular, Inc. COM NEW                                        | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |       542 | NS      | $72720.14     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                               | Associated Banc-Corp COM                                     | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |      1616 | NS      | $41789.76     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                                | UMB Financial Corp. COM                                      | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |       490 | NS      | $55267.10     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                           | Itau Unibanco Holding SA SPON ADR REP PFD                    | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |      7317 | NS      | $61316.46     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                           | Valley National Bancorp. COM                                 | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |      4003 | NS      | $49156.84     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                               | Southstate Bank Corp. COM                                    | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       655 | NS      | $60600.60     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                      | U.S. Bancorp. COM NEW                                        | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      3474 | NS      | $180682.74    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                      | International Bancshares Corp COM                            | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |       577 | NS      | $38826.33     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                     | Texas Capital Bancshares, Inc. COM                           | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |       308 | NS      | $29223.04     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal COM                                         | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |       344 | NS      | $46556.96     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank         | Zions Bancorporation Natl Assn Global Bank COM               | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      1041 | NS      | $59982.42     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp COM                                      | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      2917 | NS      | $135523.82    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co. COM                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       783 | NS      | $230327.28    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                            | KeyCorp COM                                                  | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      4797 | NS      | $96179.85     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                     | Citigroup Inc. COM NEW                                       | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      2100 | NS      | $238161.00    | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                  | Banco Bradesco SA SP ADR PFD NEW                             | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     12634 | NS      | $46114.10     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida            | Seacoast Banking Corporation Of Florida COM NEW              | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |      1135 | NS      | $34379.15     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                          | The Toronto-Dominion Bank COM NEW                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |       829 | NS      | $77353.99     | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation                       | Fulton Financial Corporation COM                             | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |      1906 | NS      | $38768.04     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                            | Webster Financial Corp. COM                                  | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |       974 | NS      | $67615.08     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                         | Cullen/Frost Bankers, Inc. COM                               | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |       423 | NS      | $57984.84     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                   | Deutsche Bank AG NPV(REGD)                                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |      1559 | NS      | $46427.02     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                       | Barclays PLC ADR                                             | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |      2475 | NS      | $52371.00     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated                 | Huntington Bancshares Incorporated COM                       | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      7230 | NS      | $113149.50    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                          | First Horizon Corporation COM                                | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |      2954 | NS      | $67233.04     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                            | Banc Of California Inc. COM                                  | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |      1836 | NS      | $32276.88     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                     | ING Groep N.V. SPONSORED ADR                                 | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |      1597 | NS      | $41601.85     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.                   | First Interstate Bancsystem Inc. COM                         | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |      1024 | NS      | $34201.60     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co. COM                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      2944 | NS      | $234371.84    | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                | Mitsubishi UFJ Financial Group Inc. SPONSORED ADS            | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |      2519 | NS      | $42747.43     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                    | ICICI Bank Ltd. ADR                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      3102 | NS      | $80341.80     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                             | Truist Financial Corp. COM                                   | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      3380 | NS      | $155378.60    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                  | HSBC Holdings PLC SPON ADR NEW                               | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |       682 | NS      | $56258.18     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE FINANCIAL PARTNERS INC                    | Pinnacle Financial Partners Inc. COM                         | CUSIP: 72348N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       850 | NS      | $73219.00     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corporation                         | WSFS Financial Corporation COM                               | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |       530 | NS      | $34693.80     | 0.60%             |  |  |  | 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