# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022872
**Filing Date:** 2026-6
**Character Count:** 8365
**Document Hash:** 1b76a273a43a4cd38c98501d0cba7931
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022872.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022872

**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:** 261048552

**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

### Inverse Russell 2000(R) Strategy Fund (Series ID: S000003746)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010415 | 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:** Inverse Russell 2000(R) Strategy Fund

- **b. EDGAR series identifier (if any):** S000003746

- **c. LEI of Series:** 549300R2K7KRZIBKK159

**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:** $1507360.19

**Total Liabilities:** $43897.15

**Net Assets:** $1463463.04

**Cash Not Reported:** $209969.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010415 | -4.76%               | -0.68%               | 5.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $106.85                                    |
| Month 2  | $0.00                    | $-47.78                                    |
| Month 3  | $0.00                    | $-349.37                                   |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Guggenheim Funds Trust                             | Guggenheim Ultra Short Duration Fund                          | CUSIP: 40169J523<br>LEI: 54930033G24U3UGWK691 | Long             | EC               | RF                | US        |      4778 | NS      | $48020.99     | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 04/07/26                                                  | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $249850.00    | 17.07%            | 2026-04-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                          | FFCBDN 0 04/09/26                                             | CUSIP: 313313VH8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $99910.25     | 6.83%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                            | TRS RUSSELL 2000 INDEX                                        | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |         1 | NC      | $-41581.22    | -2.84%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                  | TRS RUSSELL 2000 INDEX                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               | CORP              | GB        |         1 | NC      | $1516.17      | 0.10%             |  |  |  | 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        |    205132 | PA      | $205132.21    | 14.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management       | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |      9865 | NS      | $9864.81      | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Strategy Funds Trust                    | Guggenheim Strategy Fund II                                   | CUSIP: 40168Q205<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |      1970 | NS      | $48748.14     | 3.33%             |  |  |  | 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        |    225723 | PA      | $225723.18    | 15.42%            |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                            | FHLBDN 0 04/06/26                                             | CUSIP: 313385VE3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $99949.58     | 6.83%             | 2026-04-06      | 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        |     25000 | PA      | $24946.85     | 1.70%             | 2026-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                        | TRS RUSSELL 2000 INDEX                                        | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $2108.23      | 0.14%             |  |  |  | No            |                  2 | 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