# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0001752724-25-209270
**Filing Date:** 2025-8
**Character Count:** 8444
**Document Hash:** 150687b212f89a4c8fd5f05f4f570c84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-209270.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-209270

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**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:** 251264233

**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

### Russell 2000(R) 2x Strategy Fund (Series ID: S000011813)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000032290 | 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 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:** Russell 2000 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000011813

- **c. LEI of Series:** 5493003Y5L8MOKY2XN94

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $2015378.95

**Total Liabilities:** $25350.06

**Net Assets:** $1990028.89

**Cash Not Reported:** $9253.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032290 | -7.22%               | 9.93%                | 10.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17.84                   | $-8719.37                                  |
| Month 2  | $22.04                   | $19321.97                                  |
| Month 3  | $0.00                    | $19738.35                                  |

**Designated Index Information**

- **Index Name:** Russell 2000 Index

- **Index Identifier:** RS2000

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FED FARM CRD DISCOUNT NT    | Federal Farm Credit Bank                             | CUSIP: 313313JL3<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    300000 | PA      | $299265.88    | 15.04%            | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT     | Federal Home Loan Bank                               | CUSIP: 313385HY5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    300000 | PA      | $299688.75    | 15.06%            | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First American Funds        | First American Government Obligations Fund - Class X | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    141680 | NS      | $141680.00    | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF    | iShares Russell 2000 Index ETF                       | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       932 | NS      | $201116.28    | 10.11%            |  |  |  | No            |                  1 | On Loan: —       |
| Tobira Therapeutics Inc     | Tobira Therapeutics, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | IE        |         7 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TREASURY BILL               | U.S. Treasury Bills                                  | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99074.27     | 4.98%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vanguard Russell 2000 ETF   | Vanguard Russell 2000 ETF                            | CUSIP: 92206C664<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2308 | NS      | $201303.76    | 10.12%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                 | Russell 2000 Index                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DE               |  | US        |       463 | NC      | $17993.47     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc           | Russell 2000 Index                                   | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DE               |  | US        |       459 | NC      | $16931.86     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International | Russell 2000 Index                                   | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DE               |  | US        |       678 | NC      | $9370.93      | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.       | BofA Securities, Inc.                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    193663 | PA      | $193662.52    | 9.73%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.       | Barclays Capital, Inc.                               | CUSIP: N/A<br>LEI: AC28XWWI3WIBK2824319       | Long             | RA               | CORP              | US        |    200557 | PA      | $200556.71    | 10.08%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC  | J.P. Morgan Securities LLC                           | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |    464790 | PA      | $464790.09    | 23.36%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange | Russell 2000 Index Mini Futures Contracts            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $192.38       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO