# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022866
**Filing Date:** 2026-6
**Character Count:** 54644
**Document Hash:** cfff09765a7b569e1cccbcce113a0f34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022866.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022866

**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:** 261048546

**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

### Technology Fund (Series ID: S000003722)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010391 | 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:** Technology Fund

- **b. EDGAR series identifier (if any):** S000003722

- **c. LEI of Series:** 549300780HPWSSEW7M67

**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:** $22360146.35

**Total Liabilities:** $91435.02

**Net Assets:** $22268711.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010391 | 0.92%                | -3.12%               | -4.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $609988.50               | $-293801.97                                |
| Month 2  | $417480.71               | $-1212288.51                               |
| Month 3  | $944570.61               | $-2019916.72                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Credo Technology Group Holding Ltd                 | Credo Technology Group Holding Ltd ORDINARY SHARES           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       760 | NS      | $71341.20     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalfoundries Inc                                | Globalfoundries Inc ORDINARY SHARES                          | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |      1006 | NS      | $44746.88     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corporation                                | Semtech Corporation COM                                      | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |       520 | NS      | $39982.80     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                       | Fortinet Inc COM                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1642 | NS      | $134184.24    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                         | J.P. MORGAN SECURITIES LLC TRI PARTY                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |     58738 | PA      | $58738.08     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Microchip Technology Incorporated                  | Microchip Technology Incorporated COM                        | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      1828 | NS      | $118107.08    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                      | Alphabet Inc. CAP STK CL A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3896 | NS      | $1120333.76   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group N.V.                                  | Nebius Group N.V. COM USD0.01 CL 'A'                         | CUSIP: 000000000<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |      1283 | NS      | $133124.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                             | Roper Technologies Inc COM                                   | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       336 | NS      | $118896.96    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                          | Adobe Inc COM                                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       762 | NS      | $185226.96    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL DISPLAY CORP                             | Universal Display Corp. COM                                  | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       391 | NS      | $35839.06     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                          | KLA Corp. COM NEW                                            | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       190 | NS      | $279757.90    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                  | ASML Holding N.V. NY REGISTRY SHS                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       130 | NS      | $171707.90    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                        | Nutanix Inc CL A                                             | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      1560 | NS      | $59295.60     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitmine Immersion Technologies Inc.                | Bitmine Immersion Technologies Inc. COM NEW                  | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |      2912 | NS      | $57599.36     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CleanSpark Inc.                                    | CleanSpark Inc. COM NEW                                      | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |      3159 | NS      | $26883.09     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                 | Unity Software Inc COM                                       | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |      2763 | NS      | $60620.22     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                                 | Roblox Corporation CL A                                      | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      2192 | NS      | $123979.52    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                             | Applied Materials Inc. COM                                   | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       958 | NS      | $327434.82    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                         | Twilio Inc CL A                                              | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       671 | NS      | $84425.22     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                          | Akamai Technologies, Inc. COM                                | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       716 | NS      | $82232.60     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                             | Motorola Solutions Inc COM NEW                               | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       366 | NS      | $158833.02    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Quantum Computing Inc                              | Quantum Computing Inc COM                                    | CUSIP: 74766W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3212 | NS      | $22002.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ondas Inc.                                         | Ondas Inc. COM NEW                                           | CUSIP: 68236H204<br>LEI: 549300JWLHDUB82V8607 | Long             | EC               | CORP              | US        |      3910 | NS      | $35346.40     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                        | Datadog Inc CL A COM                                         | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1018 | NS      | $120174.90    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.                 | Take-Two Interactive Software Inc. COM                       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       572 | NS      | $112970.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Godaddy Inc                                        | Godaddy Inc CL A                                             | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       815 | NS      | $67376.05     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                          | Jabil Inc COM                                                | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       357 | NS      | $94829.91     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                     | Cloudflare Inc CL A COM                                      | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       790 | NS      | $163008.60    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                           | Flex Ltd. COM USD0.01                                        | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      1473 | NS      | $96422.58     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                                  | Ciena Corporation COM NEW                                    | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       389 | NS      | $151021.47    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                      | Accenture PLC CLS'A'USD0.0000225                             | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       627 | NS      | $124327.83    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                       | Docusign Inc COM                                             | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      1288 | NS      | $61064.08     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions, Inc.                           | Skyworks Solutions, Inc. COM                                 | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      1013 | NS      | $54246.15     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                    | First Solar Inc COM                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       444 | NS      | $87583.44     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC            | MACOM Technology Solutions Holdings Inc. COM                 | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       268 | NS      | $59514.76     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc.                           | Zoom Communications Inc. CL A                                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      1228 | NS      | $98718.92     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                          | Qorvo Inc COM                                                | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       634 | NS      | $49071.60     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                       | Synopsys Inc COM                                             | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       421 | NS      | $166918.08    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing Inc                              | Rigetti Computing Inc COMMON STOCK                           | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |      2806 | NS      | $39396.24     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                    | Seagate Technology Holdings PLC ORD SHS                      | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |       476 | NS      | $186477.76    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation                  | Lattice Semiconductor Corporation COM                        | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |       787 | NS      | $73002.12     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                       | Cadence Design Systems, Inc. COM                             | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       602 | NS      | $167277.74    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                                     | Servicenow Inc COM                                           | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1890 | NS      | $197599.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc                                | Core Scientific Inc COM                                      | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |      2667 | NS      | $39898.32     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                               | Corning Incorporated COM                                     | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1523 | NS      | $207082.31    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                             | Palo Alto Networks Inc COM                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1336 | NS      | $214187.52    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP                                     | Atlassian Corporation CL A                                   | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1695 | NS      | $115683.75    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                                       | Terawulf Inc COM                                             | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |      3086 | NS      | $44530.98     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                           | Crowdstrike Holdings Inc CL A                                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       458 | NS      | $178807.78    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.             | Check Point Software Technologies Ltd. ORD ILS0.01           | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       659 | NS      | $94138.15     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Digital Inc.                                | Cipher Digital Inc. COM                                      | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |      3317 | NS      | $42689.79     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc.                         | Circle Internet Group Inc. COM CL A                          | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |       856 | NS      | $81670.96     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc.                                     | CoreWeave Inc. COM CL A                                      | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |      1427 | NS      | $110549.69    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                        | Shopify Inc CL A SUB VTG SHS                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      1278 | NS      | $151596.36    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                                      | Strategy Inc. CL A NEW                                       | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |       960 | NS      | $119808.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Salesforce Inc.                                    | Salesforce Inc. COM                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1283 | NS      | $239497.61    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                | Cisco Systems, Inc. COM                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4171 | NS      | $323627.89    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                               | Amphenol Corporation CL A                                    | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      1894 | NS      | $239306.90    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                       | Entegris Inc COM                                             | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |       739 | NS      | $86640.36     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bigbear Ai Holdings Incorporated                   | Bigbear Ai Holdings Incorporated COM                         | CUSIP: 08975B109<br>LEI: 549300XGCF2ELN28CS63 | Long             | EC               | CORP              | US        |      6712 | NS      | $23626.24     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                 | Meta Platforms Inc CL A                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1237 | NS      | $707724.81    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                | Arista Networks Inc COM SHS                                  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      1736 | NS      | $213146.08    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                   | Arm Holdings PLC SPONSORED ADS                               | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      1100 | NS      | $166408.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                             | HP Inc COM                                                   | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      4205 | NS      | $80778.05     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                             | Micron Technology Inc. COM                                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      1038 | NS      | $350677.92    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.                             | Qnity Electronics Inc. COMMON STOCK                          | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |       854 | NS      | $98534.52     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc.                                     | Celestica Inc. COM                                           | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |       369 | NS      | $103939.92    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                    | Gen Digital Inc COM                                          | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      3152 | NS      | $59352.16     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                        | Trimble Inc COM                                              | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |      1164 | NS      | $75927.72     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                           | CDW Corp COM                                                 | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       668 | NS      | $80841.36     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                             | SAP SE SPON ADR                                              | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       561 | NS      | $96048.81     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                                 | Riot Platforms Inc COM                                       | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |      3033 | NS      | $37487.88     | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Dropbox Inc                                        | Dropbox Inc CL A                                             | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      1796 | NS      | $40805.12     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                       | Broadcom Inc COM                                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2302 | NS      | $712492.02    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                                | Analog Devices Inc. COM                                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       787 | NS      | $250376.18    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                                    | Astera Labs Inc COM                                          | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |       698 | NS      | $76500.80     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp. COM                                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      2038 | NS      | $299810.18    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                      | Snowflake Inc COM SHS                                        | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       826 | NS      | $124577.32    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                      | Coherent Corp COM                                            | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |       549 | NS      | $130777.29    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc.                                | D-Wave Quantum Inc. COM                                      | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |      2811 | NS      | $40562.73     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                | TE Connectivity PLC ORD SHS                                  | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       545 | NS      | $113915.90    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                             | ON Semiconductor Corp. COM                                   | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      1622 | NS      | $100434.24    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                          | Super Micro Computer Inc. COM NEW                            | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      2544 | NS      | $57926.88     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                  | Intel Corporation COM                                        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      6003 | NS      | $264912.39    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp. COM                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6977 | NS      | $1216788.80   | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.Com Limited                                 | Monday.Com Limited SHS                                       | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      1253 | NS      | $86594.83     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                            | PTC Inc COM                                                  | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       536 | NS      | $76374.64     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                             | Texas Instruments Inc. COM                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1372 | NS      | $266360.08    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionq Inc                                           | Ionq Inc COM                                                 | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |      1993 | NS      | $57458.19     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                        | Rambus Inc. COM                                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |       641 | NS      | $55145.23     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                         | Apple Inc. COM                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4659 | NS      | $1182407.61   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                          | Baidu Inc. SPON ADR REP A                                    | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |       919 | NS      | $102394.98    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                    | Microsoft Corp. COM                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2650 | NS      | $980950.50    | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation                     | Zebra Technologies Corporation CL A                          | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |       307 | NS      | $64187.56     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Limited                                    | Wix.com Limited COM ILS0.01                                  | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      1221 | NS      | $109975.47    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                                          | Okta Inc. CL A                                               | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       926 | NS      | $72885.46     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                                       | Gartner Inc. COM                                             | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |       401 | NS      | $63494.34     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                             | Lumentum Holdings Inc. COM                                   | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       215 | NS      | $151093.40    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                          | Palantir Technologies Inc CL A                               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      2363 | NS      | $345659.64    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.               | Cognizant Technology Solutions Corp. CL A                    | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      1732 | NS      | $106258.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                           | Manhattan Associates Inc COM                                 | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       318 | NS      | $42332.16     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                         | Intuit Inc COM                                               | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       488 | NS      | $211001.44    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                      | QUALCOMM Inc. COM                                            | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1771 | NS      | $228069.38    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundHound AI Inc                                  | SoundHound AI Inc CLASS A COM                                | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4666 | NS      | $32055.42     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                               | TTM Technologies Inc COM                                     | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |       616 | NS      | $60010.72     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp                               | Applied Digital Corp COM NEW                                 | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |      1862 | NS      | $44203.88     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                             | Marvell Technology Inc COM                                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1965 | NS      | $194633.25    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                       | Autodesk Inc COM                                             | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       565 | NS      | $135261.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                               | Electronic Arts Inc. COM                                     | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       754 | NS      | $153717.98    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                        | Samsara Inc COM CL A                                         | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2492 | NS      | $78971.48     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                        | Advanced Micro Devices Inc. COM                              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1791 | NS      | $364343.13    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                           | Snap Inc CL A                                                | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |     10425 | NS      | $47955.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                           | Lam Research Corporation COM NEW                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1530 | NS      | $326899.80    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                                        | Hubspot Inc COM                                              | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       272 | NS      | $66395.20     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                              | Western Digital Corp. COM                                    | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       707 | NS      | $191236.43    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                     | Verisign, Inc. COM                                           | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       364 | NS      | $90403.04     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd.                                          | IREN Ltd. ORDINARY SHARES                                    | CUSIP: 000000000<br>LEI: 254900FZF02RB3NNGB71 | Long             | EC               | CORP              | AU        |      3495 | NS      | $119808.60    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.                     | Hewlett Packard Enterprise Co. COM                           | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      4788 | NS      | $114002.28    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                       | Infosys Ltd. SPONSORED ADR                                   | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      7825 | NS      | $105715.75    | 0.47%             |  |  |  | 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        |     53380 | PA      | $53379.87     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| F5 Inc                                             | F5 Inc COM                                                   | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       277 | NS      | $80144.41     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                      | Pinterest Inc CL A                                           | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |      3736 | NS      | $68518.24     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                      | Monolithic Power Systems Inc. COM                            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       121 | NS      | $132295.35    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                                     | Applovin Corp. COM CL A                                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       488 | NS      | $194224.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Incorporated                       | Bentley Systems Incorporated COM CL B                        | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |      1292 | NS      | $45375.04     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc.                                       | MongoDB Inc. CL A                                            | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       343 | NS      | $83956.11     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.              | International Business Machines Corp. COM                    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1196 | NS      | $289898.44    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                 | Enphase Energy Inc COM                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      1068 | NS      | $40381.08     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mara Holdings Inc                                  | Mara Holdings Inc COM                                        | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |      3942 | NS      | $32166.72     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                         | Reddit Inc CL A                                              | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |       728 | NS      | $98025.20     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                         | Gitlab Inc CLASS A COM                                       | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      1620 | NS      | $35056.80     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                        | Workday Inc CL A                                             | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       854 | NS      | $110951.68    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                              | Dell Technologies Inc CL C                                   | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      1235 | NS      | $202700.55    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                           | MKS Inc. COM                                                 | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |       238 | NS      | $54694.78     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDISK CORP                                       | Sandisk Corporation COM                                      | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       307 | NS      | $195049.38    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                    | Match Group Inc COM                                          | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      1716 | NS      | $52698.36     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                              | NXP Semiconductors NV EUR0.20                                | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       845 | NS      | $166346.70    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.       | Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       504 | NS      | $170326.80    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                                      | Teradyne Inc. COM                                            | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       465 | NS      | $137853.90    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                        | NetApp Inc. COM                                              | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       877 | NS      | $89796.03     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                        | Zscaler Inc COM                                              | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       513 | NS      | $71968.77     | 0.32%             |  |  |  | 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