# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022844
**Filing Date:** 2026-6
**Character Count:** 26278
**Document Hash:** 898ef0e0afdfc897d97d55e5df98936b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022844.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022844

**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:** 261048521

**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

### Retailing Fund (Series ID: S000003720)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010389 | 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:** Retailing Fund

- **b. EDGAR series identifier (if any):** S000003720

- **c. LEI of Series:** 549300JFPNTWR4CMUK44

**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:** $2218564.91

**Total Liabilities:** $9299.04

**Net Assets:** $2209265.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010389 | 3.33%                | -1.53%               | -6.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1604.03                 | $107562.13                                 |
| Month 2  | $13591.00                | $-49772.39                                 |
| Month 3  | $45216.30                | $-191544.28                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Walmart Inc                                        | Walmart Inc COM                                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       976 | NS      | $121297.28    | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                       | Target Corp. COM                                             | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       478 | NS      | $57933.60     | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                                    | LKQ Corporation COM                                          | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |       711 | NS      | $20882.07     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL-E ONLINE LTD                                | Global E Online Ltd SHS                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       800 | NS      | $24680.00     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                     | Five Below Inc COM                                           | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |       119 | NS      | $27189.12     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc. COM                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      1063 | NS      | $221391.01    | 10.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                       | Kohl's Corp. COM                                             | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |       694 | NS      | $8952.60      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                         | Carmax Inc COM                                               | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |       451 | NS      | $18752.58     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                            | Advance Auto Parts Inc. COM                                  | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |       255 | NS      | $13451.25     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                          | Alibaba Group Holding Ltd. SPONSORED ADS                     | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |       333 | NS      | $41778.18     | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TRI PARTY | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |      4442 | PA      | $4441.54      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                    | Dollar Tree Inc COM                                          | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |       311 | NS      | $34057.61     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                    | Ulta Beauty Inc COM                                          | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        65 | NS      | $33976.15     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                 | RH COM                                                       | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |        83 | NS      | $11605.06     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                                    | Murphy USA Inc. COM                                          | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |        45 | NS      | $22228.65     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                         | Lithia Motors Incorporated COM                               | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |        73 | NS      | $18229.56     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                          | eBay Inc. COM                                                | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       537 | NS      | $48877.74     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                   | Mercadolibre Inc COM                                         | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        35 | NS      | $60515.70     | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                    | Ross Stores Inc COM                                          | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       295 | NS      | $63905.85     | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                         | JD.com Inc. SPON ADS CL A                                    | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      1203 | NS      | $35572.71     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                          | Chewy Inc CL A                                               | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |       989 | NS      | $26703.00     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                              | Urban Outfitters Inc. COM                                    | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |       244 | NS      | $15457.40     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                                   | Best Buy Co Inc. COM                                         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       423 | NS      | $27156.60     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                  | Tractor Supply Co COM                                        | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       800 | NS      | $36240.00     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's, Inc.                                       | Macy's, Inc. COM                                             | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |       924 | NS      | $16715.16     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc.                                       | Coupang Inc. CL A                                            | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      2361 | NS      | $44575.68     | 2.02%             |  |  |  | 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        |      4887 | PA      | $4887.38      | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Boot Barn Holdings Inc                             | Boot Barn Holdings Inc COM                                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |        90 | NS      | $13172.40     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.                     | American Eagle Outfitters Inc. COM                           | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |       716 | NS      | $11957.20     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                                     | Pricesmart Inc COM                                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |        61 | NS      | $9180.50      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                           | Etsy Inc COM                                                 | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       317 | NS      | $15843.66     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                             | Burlington Stores Inc. COM                                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |       112 | NS      | $36442.56     | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                                    | Home Depot Inc. COM                                          | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       271 | NS      | $89129.19     | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc                                   | Warby Parker Inc CL A COM                                    | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       552 | NS      | $11630.64     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                      | Valvoline Inc COM                                            | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |       465 | NS      | $15661.20     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                              | Bath & Body Works Inc COM                                    | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |       812 | NS      | $15160.04     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.                | Ollies Bargain Outlet Holdings Inc. COM                      | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |       181 | NS      | $16659.24     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTONATION INC                                     | AutoNation, Inc. COM                                         | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       101 | NS      | $19721.26     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SEA LTD                                            | Sea Ltd. SPONSORD ADS                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       426 | NS      | $35277.06     | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                             | The TJX Companies Inc. COM                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       590 | NS      | $94223.00     | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Victorias Secret and Co                            | Victorias Secret and Co COMMON STOCK                         | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |       317 | NS      | $14696.12     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                   | PDD Holdings Inc. SPONSORED ADS                              | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |       536 | NS      | $54768.48     | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc.                                       | The Gap Inc. COM                                             | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |       791 | NS      | $19142.20     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                         | Carvana Co CL A                                              | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |       202 | NS      | $63504.76     | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                               | Williams-Sonoma Inc. COM                                     | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       197 | NS      | $35919.01     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                                   | Pool Corporation COM                                         | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |        97 | NS      | $19626.01     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                       | National Vision Holdings Inc COM                             | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |       418 | NS      | $10826.20     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupon Inc                                        | Groupon Inc COM NEW                                          | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Long             | EC               | CORP              | US        |       412 | NS      | $4902.80      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                         | Dollar General Corporation COM                               | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       313 | NS      | $37162.49     | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                   | Genuine Parts Co COM                                         | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       275 | NS      | $29081.25     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                       | Costco Wholesale Corporation COM                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |        95 | NS      | $94660.85     | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                              | Lowes Companies, Inc. COM                                    | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       371 | NS      | $87659.88     | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc                     | BJ Wholesale Club Holdings Inc COM                           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |       267 | NS      | $26278.14     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Realreal Inc                                   | The Realreal Inc COM                                         | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |       834 | NS      | $7572.72      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamestop Corp                                      | Gamestop Corp CL A                                           | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |       976 | NS      | $22487.04     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                           | O'Reilly Automotive Inc. COM                                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       720 | NS      | $66463.20     | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD                                | Signet Jewelers Limited COM STK USD0.18                      | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |       159 | NS      | $13457.76     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                             | Abercrombie & Fitch Co CL A                                  | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |       178 | NS      | $16263.86     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                                     | Autozone, Inc. COM                                           | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        16 | NS      | $54044.48     | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                        | Wayfair Inc CL A                                             | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |       315 | NS      | $23691.15     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc                    | Academy Sports and Outdoors Inc COM                          | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |       265 | NS      | $14959.25     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.                       | Floor And Decor Holding Inc. CL A                            | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |       337 | NS      | $17119.60     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                        | Dick's Sporting Goods, Inc. COM                              | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |       158 | NS      | $31329.82     | 1.42%             |  |  |  | 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