# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-023130
**Filing Date:** 2026-6
**Character Count:** 7743
**Document Hash:** 0dba0e2263a855cdb6c5d9f8a75c6db1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023130.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023130

**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:** 261049128

**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

### Commodities Strategy Fund (Series ID: S000003734)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010403 | 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:** Commodities Strategy Fund

- **b. EDGAR series identifier (if any):** S000003734

- **c. LEI of Series:** 549300SFKL5J953D6X96

**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:** $9705116.05

**Total Liabilities:** $236965.69

**Net Assets:** $9468150.36

**Amount of Assets Invested in Other Investment Companies:** $1698272.81

**Cash Not Reported:** $994500.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010403 | 10.28%               | 1.78%                | 23.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $2482.72                                   |
| Month 2  | $2834.10                 | $-1157.84                                  |
| Month 3  | $0.00                    | $-7907.19                                  |

**Designated Index Information**

- **Index Name:** S&P GSCI Commodity Index

- **Index Identifier:** SPGSCIINX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corp.                   | FREDN 0 04/23/26 RB                                          | CUSIP: 313397VX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $498889.31    | 5.27%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Guggenheim Strategy Funds Trust                    | Guggenheim Strategy Fund II                                  | CUSIP: 40168Q205<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |     45022 | NS      | $1113837.43   | 11.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation          | FAMCDN 0 04/27/26                                            | CUSIP: 31315LWB0<br>LEI: 549300MS654K78GYF580 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $498700.00    | 5.27%             | 2026-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                       | B 0 04/07/26                                                 | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    550000 | PA      | $549670.00    | 5.81%             | 2026-04-07      | 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        |   1137715 | PA      | $1137715.25   | 12.02%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                         | J.P. MORGAN SECURITIES LLC TRI PARTY                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |   1251918 | PA      | $1251918.02   | 13.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Guggenheim Funds Trust                             | Guggenheim Ultra Short Duration Fund                         | CUSIP: 40169J523<br>LEI: 54930033G24U3UGWK691 | Long             | EC               | RF                | US        |    113501 | NS      | $1140681.49   | 12.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Banks                            | FHLBDN 0 04/08/26                                            | CUSIP: 313385VG8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $499647.57    | 5.28%             | 2026-04-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FNMDN 0 04/22/26                                             | CUSIP: 313589VW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $498936.88    | 5.27%             | 2026-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                   | S&P-GSCI Commodity Index Futures, Apr-2026,ETH               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        51 | NC      | $517010.65    | 5.46%             |  |  |  | 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