# EDGAR Filing Document

**Accession Number:** 0001092720
**File Stem:** 0000940400-26-022716
**Filing Date:** 2026-6
**Character Count:** 45980
**Document Hash:** 399f1c5aa0c82f18e05a7534ccbec8fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022716.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022716

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **CENTRAL INDEX KEY:** 0001092720

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09525
- **FILM NUMBER:** 261048385

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEWCO TRUST
- **DATE OF NAME CHANGE:** 19990806

## Series and Classes Contracts Data

### NASDAQ-100(R) 2x Strategy Fund (Series ID: S000003703)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010364 | A            | RYVLX           |
| C000010365 | C            | RYCCX           |
| C000010366 | H            | RYVYX           |

## 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 Dynamic Funds

- **b. Investment Company Act file number:** 811-09525

- **c. CIK number of Registrant:** 0001092720

- **d. LEI of Registrant:** 549300O9WV1GMCZ8G606

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

**Item A.2. Information about the Series.**

- **a. Name of Series:** NASDAQ-100(R) 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000003703

- **c. LEI of Series:** 5493004VW811ST3SIP12

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $1110502970.74

**Total Liabilities:** $8217668.41

**Net Assets:** $1102285302.33

**Cash Not Reported:** $47584802.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010365 | 1.72%                | -5.32%               | -10.29%              |
| Class ID C000010366 | 1.79%                | -5.27%               | -10.24%              |
| Class ID C000010364 | 1.79%                | -5.27%               | -10.24%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7436185.97              | $7160661.64                                |
| Month 2  | $21697866.46             | $-45350015.89                              |
| Month 3  | $29832638.09             | $-65129018.66                              |

**Designated Index Information**

- **Index Name:** NASDAQ-100 Index

- **Index Identifier:** NASDAQ100

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Shopify Inc                                        | Shopify Inc CL A SUB VTG SHS                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     50444 | NS      | $5983667.28   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                   | Arm Holdings PLC SPONSORED ADS                                | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      5746 | NS      | $869254.88    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                        | Advanced Micro Devices Inc. COM                               | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     67082 | NS      | $13646491.26  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                               | Paypal Holdings Inc. COM                                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     37880 | NS      | $1713312.40   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                 | Coca-Cola Europacific Partners PLC COM EUR0.01                | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     18853 | NS      | $1709401.51   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                         | Apple Inc. COM                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    218802 | NS      | $55529759.58  | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                        | Walmart Inc COM                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    201082 | NS      | $24990470.96  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                             | Roper Technologies Inc COM                                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      4235 | NS      | $1498597.10   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                             | Palo Alto Networks Inc COM                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     33575 | NS      | $5382744.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management       | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |  16087100 | NS      | $16087100.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                         | Amgen Inc. COM                                                | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     22180 | NS      | $7804033.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 04/02/26                                                  | CUSIP: 912797SD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24997496.39  | 2.27%             | 2026-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc. COM                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    159989 | NS      | $33320909.03  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                               | Thomson Reuters Corp COM                                      | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     18303 | NS      | $1646903.94   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated                  | Microchip Technology Incorporated COM                         | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     22265 | NS      | $1438541.65   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                              | NXP Semiconductors NV EUR0.20                                 | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     10398 | NS      | $2046950.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                               | Booking Holdings Inc COM                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1303 | NS      | $5486046.96   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.                     | Old Dominion Freight Line Inc. COM                            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      8576 | NS      | $1675750.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                  | Intel Corporation COM                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    205515 | NS      | $9069376.95   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.                    | GE Healthcare Technologies Inc. COMMON STOCK                  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     18752 | NS      | $1334767.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                       | DoorDash Inc CL A                                             | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     16868 | NS      | $2532730.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                    | Regeneron Pharmaceuticals, Inc. COM                           | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      4275 | NS      | $3303036.00   | 0.30%             |  |  |  | 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        |   9406244 | PA      | $9406243.58   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortinet Inc                                       | Fortinet Inc COM                                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     30444 | NS      | $2487883.68   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                                | Analog Devices Inc. COM                                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     20087 | NS      | $6390478.18   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                    | Microsoft Corp. COM                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    110669 | NS      | $40966343.73  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                      | Netflix, Inc. COM                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    173718 | NS      | $16702985.70  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                             | Texas Instruments Inc. COM                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     37341 | NS      | $7249381.74   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                         | Insmed Inc COM PAR $.01                                       | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      8869 | NS      | $1450258.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                        | Paychex Inc COM                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     14769 | NS      | $1360520.28   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 04/16/26                                                  | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4992421.87   | 0.45%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Costar Group Inc                                   | Costar Group Inc COM                                          | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     17273 | NS      | $696792.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                               | Keurig Dr Pepper Inc COM                                      | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     55901 | NS      | $1471873.33   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                          | KLA Corp. COM NEW                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      5393 | NS      | $7940707.13   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated                | Vertex Pharmaceuticals Incorporated COM                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     10452 | NS      | $4667236.08   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                | Comcast Corporation CL A                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    147642 | NS      | $4238801.82   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                       | Autodesk Inc COM                                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      8723 | NS      | $2088286.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                           | Crowdstrike Holdings Inc CL A                                 | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     10373 | NS      | $4049722.93   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                      | Alphabet Inc. CAP STK CL C                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     81046 | NS      | $23248855.56  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.               | Cognizant Technology Solutions Corp. CL A                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     19677 | NS      | $1207183.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                    | CSX Corporation COM                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     76510 | NS      | $3140735.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                | Axon Enterprise Inc COM                                       | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      3309 | NS      | $1405299.21   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                   | PDD Holdings Inc. SPONSORED ADS                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     27481 | NS      | $2808008.58   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                        | Pepsico Inc COM                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     56230 | NS      | $8731956.70   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                       | Broadcom Inc COM                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     70662 | NS      | $21870595.62  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                          | Tesla Inc COM                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     74386 | NS      | $27652995.50  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                        | Zscaler Inc COM                                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      6616 | NS      | $928158.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 06/16/26                                                  | CUSIP: 912797UA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13893507.60  | 1.26%             | 2026-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                 | Meta Platforms Inc CL A                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     43957 | NS      | $25149118.41  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                          | Palantir Technologies Inc CL A                                | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     94281 | NS      | $13791424.68  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                         | DexCom Inc COM                                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     15835 | NS      | $994438.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                   | Mercadolibre Inc COM                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2086 | NS      | $3606735.72   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                | Cisco Systems, Inc. COM                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    162515 | NS      | $12609538.85  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                       | Charter Communications, Inc. CL A                             | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      5210 | NS      | $1124734.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Home Loan Banks                            | FHLBDN 0 04/17/26                                             | CUSIP: 313385VR4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |  10000000 | PA      | $9983844.44   | 0.91%             | 2026-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IDEXX Laboratories Inc.                            | IDEXX Laboratories Inc. COM                                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3277 | NS      | $1841313.53   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                            | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |         1 | NC      | $3715298.02   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                      | QUALCOMM Inc. COM                                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     43901 | NS      | $5653570.78   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                   | E-mini Nasdaq-100 Futures, Jun-2026,ETH                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       963 | NC      | $-10305337.89 | -0.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                             | Diamondback Energy Inc COM                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     11607 | NS      | $2295748.53   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                        | Datadog Inc CL A COM                                          | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     13515 | NS      | $1595445.75   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                         | Airbnb Inc COM CL A                                           | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     17428 | NS      | $2200807.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                      | Alphabet Inc. CAP STK CL A                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     86769 | NS      | $24951293.64  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                               | Electronic Arts Inc. COM                                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     10296 | NS      | $2099045.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                             | Applied Materials Inc. COM                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     32653 | NS      | $11160468.87  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                          | Linde PLC COM EUR0.001                                        | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     19066 | NS      | $9452160.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                       | Costco Wholesale Corporation COM                              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     18263 | NS      | $18197801.09  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                    | Starbucks Corp. COM                                           | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     46876 | NS      | $4199620.84   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                       | Fastenal Co. COM                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     47248 | NS      | $2192307.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                    | Ross Stores Inc COM                                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     13308 | NS      | $2882912.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                    | Seagate Technology Holdings PLC ORD SHS                       | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      8973 | NS      | $3515262.48   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                      | Monolithic Power Systems Inc. COM                             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2022 | NS      | $2210753.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                        | Warner Bros. Discovery Inc. COM SER A                         | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    102035 | NS      | $2801881.10   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                   | American Electric Power Co, Inc. COM                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     22254 | NS      | $2917054.32   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                             | Marvell Technology Inc COM                                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35845 | NS      | $3550447.25   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                              | Western Digital Corp. COM                                     | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     13950 | NS      | $3773335.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Exelon Corp.                                       | Exelon Corp. COM                                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     42086 | NS      | $2063055.72   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                          | Adobe Inc COM                                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     16773 | NS      | $4077180.84   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                        | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $-3983813.41  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                               | Gilead Sciences Inc. COM                                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     51078 | NS      | $7118740.86   | 0.65%             |  |  |  | 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        |      7619 | NS      | $1504752.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                       | Marriott International, Inc. CL A                             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     10903 | NS      | $3566044.21   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                           | O'Reilly Automotive Inc. COM                                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     34499 | NS      | $3184602.69   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                       | Cadence Design Systems, Inc. COM                              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     11360 | NS      | $3156603.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 04/09/26                                                  | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11990375.33  | 1.09%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Kraft Heinz Co.                                | The Kraft Heinz Co. COM                                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     48705 | NS      | $1095375.45   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                            | Intuitive Surgical Inc. COM NEW                               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     14612 | NS      | $6735985.88   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                       | Honeywell International Inc. COM                              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     26154 | NS      | $5911588.62   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Farm Credit Banks                          | FFCBDN 0 04/09/26                                             | CUSIP: 313313VH8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |  15000000 | PA      | $14987883.33  | 1.36%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | 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        |  17577518 | PA      | $17577517.98  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                             | Verisk Analytics, Inc. COM                                    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      5675 | NS      | $1076831.25   | 0.10%             |  |  |  | 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        |      3617 | NS      | $4777442.11   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                           | Lam Research Corporation COM NEW                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     51380 | NS      | $10977850.80  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                       | Synopsys Inc COM                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      7883 | NS      | $3125451.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                         | Intuit Inc COM                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     11379 | NS      | $4920052.02   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 05/21/26                                                  | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $39798444.40  | 3.61%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                  | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1831884.84  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile US Inc                                    | T-Mobile US Inc COM                                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     45336 | NS      | $9521920.08   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                    | Xcel Energy Inc COM                                           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     25669 | NS      | $2039145.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                         | Constellation Energy Corp. COM                                | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     14894 | NS      | $4159149.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                                      | Strategy Inc. CL A NEW                                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     12924 | NS      | $1612915.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Applovin Corp.                                     | Applovin Corp. COM CL A                                       | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     12634 | NS      | $5028332.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                                        | Cintas Corporation COM                                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16453 | NS      | $2782860.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                         | Copart Inc COM                                                | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     39828 | NS      | $1322289.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                       | Ferrovial SE EUR0.01                                          | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     29602 | NS      | $1925610.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc.                        | Mondelez International Inc. CL A                              | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     52740 | NS      | $3039933.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP                                     | Atlassian Corporation CL A                                    | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      6979 | NS      | $476316.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                             | Micron Technology Inc. COM                                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     46308 | NS      | $15644694.72  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                        | Workday Inc CL A                                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      8764 | NS      | $1138618.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                       | Alnylam Pharmaceuticals Inc. COM                              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      5457 | NS      | $1805557.59   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                              | Monster Beverage Corp COM                                     | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     40250 | NS      | $2916515.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp. COM                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    362159 | NS      | $63160529.60  | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                    | Automatic Data Processing, Inc. COM                           | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     16566 | NS      | $3365879.88   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                               | Baker Hughes Company CL A                                     | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40660 | NS      | $2482293.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                                         | Paccar Inc COM                                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     21638 | NS      | $2499189.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Rydex Dynamic Funds

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer