# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0001752724-23-045102
**Filing Date:** 2023-2
**Character Count:** 32306
**Document Hash:** e9a94d45a1065950aec4f82458574876
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045102.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045102

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0001064046
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08821
- **FILM NUMBER:** 23680410

**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

### Internet Fund (Series ID: S000003718)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010387 | 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:** Internet Fund

- **b. EDGAR series identifier (if any):** S000003718

- **c. LEI of Series:** 5493008DTNJOIOBE6U98

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $4444213.19

**Total Liabilities:** $17983.92

**Net Assets:** $4426229.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010387 | 0.91%                | 5.27%                | -6.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74113.82                | $-28952.27                                 |
| Month 2  | $-10119.47               | $253028.85                                 |
| Month 3  | $-30217.50               | $-279777.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cisco Systems Inc             | Cisco Systems, Inc.                                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3095 | NS      | $147445.80    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                   | NetEase, Inc.                                        | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |       538 | NS      | $39074.94     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                  | VeriSign, Inc.                                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       249 | NS      | $51154.56     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinduoduo Inc                 | Pinduoduo, Inc.                                      | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |       602 | NS      | $49093.10     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                      | eBay, Inc.                                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      1196 | NS      | $49598.12     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                   | Datadog, Inc.                                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |       694 | NS      | $51009.00     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc             | Revolve Group, Inc.                                  | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       584 | NS      | $12999.84     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                   | Coupang, Inc.                                        | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      1964 | NS      | $28890.44     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                   | Wayfair, Inc.                                        | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |       613 | NS      | $20161.57     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                       | IAC, Inc.                                            | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |       487 | NS      | $21622.80     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                   | GoDaddy, Inc.                                        | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       493 | NS      | $36886.26     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc              | Zillow Group, Inc.                                   | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |       915 | NS      | $29472.15     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                      | Lyft, Inc.                                           | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |      1989 | NS      | $21918.78     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc              | Zillow Group, Inc.                                   | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |       940 | NS      | $29337.40     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds          | First American Government Obligations Fund - Class X | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |     59565 | NS      | $59564.99     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                    | Fastly, Inc.                                         | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               | CORP              | US        |      1208 | NS      | $9893.52      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc             | Veeva Systems, Inc.                                  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       319 | NS      | $51480.22     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                   | Shopify, Inc.                                        | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |      1389 | NS      | $48212.19     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc            | Meta Platforms, Inc.                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1660 | NS      | $199764.40    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd            | Trip.com Group Ltd.                                  | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      1138 | NS      | $39147.20     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                | Ziff Davis, Inc.                                     | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |       254 | NS      | $20091.40     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                   | Workday, Inc.                                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       413 | NS      | $69107.29     | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                     | Chewy, Inc.                                          | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      1109 | NS      | $41121.72     | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| F5 Inc                        | F5, Inc.                                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       213 | NS      | $30567.63     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc           | Electronic Arts, Inc.                                | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       506 | NS      | $61823.08     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc          | Juniper Networks, Inc.                               | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |      1069 | NS      | $34165.24     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                    | Airbnb, Inc.                                         | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       893 | NS      | $76351.50     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc            | Teladoc Health, Inc.                                 | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |       856 | NS      | $20244.40     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc | Zoom Video Communications, Inc.                      | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |       692 | NS      | $46876.08     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                   | MongoDB, Inc.                                        | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       185 | NS      | $36415.40     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                 | Pinterest, Inc.                                      | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1924 | NS      | $46714.72     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc             | Expedia Group, Inc.                                  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       457 | NS      | $40033.20     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA         | Spotify Technology S.A.                              | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | US        |       519 | NS      | $40975.05     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                      | Okta, Inc.                                           | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       538 | NS      | $36761.54     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                   | Dropbox, Inc.                                        | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      1371 | NS      | $30682.98     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc                  | Bilibili, Inc.                                       | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |      1451 | NS      | $34374.19     | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Overstock.com Inc             | Overstock.com, Inc.                                  | CUSIP: 690370101<br>LEI: 549300ACR0DL9U7EI710 | Long             | EC               | CORP              | US        |       488 | NS      | $9447.68      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc           | PayPal Holdings, Inc.                                | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      1318 | NS      | $93867.96     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                    | JD.com, Inc.                                         | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |       851 | NS      | $47766.63     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc              | CoStar Group, Inc.                                   | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       754 | NS      | $58269.12     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| New Relic Inc                 | New Relic, Inc.                                      | CUSIP: 64829B100<br>LEI: 549300AB8FY2HQILL804 | Long             | EC               | CORP              | US        |       362 | NS      | $20434.90     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL INC.         | Barclays Capital, Inc.                               | CUSIP: N/A<br>LEI: AC28XWWI3WIBK2824319       | Long             | RA               | CORP              | US        |     10111 | PA      | $10111.14     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Box Inc                       | Box, Inc.                                            | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |       761 | NS      | $23689.93     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc        | Motorola Solutions, Inc.                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       266 | NS      | $68550.86     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                      | Etsy, Inc.                                           | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |       329 | NS      | $39407.62     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc      | CommScope Holding Company, Inc.                      | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |      1763 | NS      | $12958.05     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                   | Netflix, Inc.                                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       406 | NS      | $119721.28    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                | Amazon.com, Inc.                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3625 | NS      | $304500.00    | 6.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc         | Lumentum Holdings, Inc.                              | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       367 | NS      | $19146.39     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                 | Snowflake, Inc.                                      | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       514 | NS      | $73779.56     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.         | BofA Securities, Inc.                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |     10143 | PA      | $10142.55     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Roku Inc                      | Roku, Inc.                                           | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |       597 | NS      | $24297.90     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc          | Booking Holdings, Inc.                               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        47 | NS      | $94718.16     | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                     | Baidu, Inc.                                          | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |       428 | NS      | $48954.64     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                     | Five9, Inc.                                          | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |       348 | NS      | $23615.28     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign Inc                  | DocuSign, Inc.                                       | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |       745 | NS      | $41287.90     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                | DraftKings, Inc.                                     | CUSIP: 26142V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1926 | NS      | $21937.14     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                     | Adobe, Inc.                                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       401 | NS      | $134948.53    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                | Salesforce, Inc.                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       980 | NS      | $129938.20    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupa Software Inc            | Coupa Software, Inc.                                 | CUSIP: 22266L106<br>LEI: 549300Q95ICR2GFL2K37 | Long             | EC               | CORP              | US        |       368 | NS      | $29134.56     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd     | Alibaba Group Holding Ltd.                           | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |       745 | NS      | $65627.05     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc           | Arista Networks, Inc.                                | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       536 | NS      | $65043.60     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp        | Paylocity Holding Corp.                              | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |       182 | NS      | $35355.32     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                | Cloudflare, Inc.                                     | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       866 | NS      | $39151.86     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC    | J.P. Morgan Securities LLC                           | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |     26371 | PA      | $26370.63     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Chegg Inc                     | Chegg, Inc.                                          | CUSIP: 163092109<br>LEI: 549300AKX7O8JG0O3G77 | Long             | EC               | CORP              | US        |       731 | NS      | $18472.37     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                   | ROBLOX Corp.                                         | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1502 | NS      | $42746.92     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                      | Snap, Inc.                                           | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |      4634 | NS      | $41474.30     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                       | Sea Ltd.                                             | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       774 | NS      | $40271.22     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                  | Alphabet, Inc.                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4048 | NS      | $357155.04    | 8.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc               | TripAdvisor, Inc.                                    | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |       963 | NS      | $17314.74     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                    | Ciena Corp.                                          | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       526 | NS      | $26815.48     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                   | Nutanix, Inc.                                        | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |       893 | NS      | $23262.65     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc         | Uber Technologies, Inc.                              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      3002 | NS      | $74239.46     | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc              | MercadoLibre, Inc.                                   | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        61 | NS      | $51620.64     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software | Take-Two Interactive Software, Inc.                  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       447 | NS      | $46546.11     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc       | Akamai Technologies, Inc.                            | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       451 | NS      | $38019.30     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc               | Match Group, Inc.                                    | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |       887 | NS      | $36801.63     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                   | Wix.com Ltd.                                         | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | US        |       416 | NS      | $31961.28     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                   | HubSpot, Inc.                                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       139 | NS      | $40189.07     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc     | DigitalOcean Holdings, Inc.                          | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |       618 | NS      | $15740.46     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartsheet Inc                | Smartsheet, Inc.                                     | CUSIP: 83200N103<br>LEI: 549300N9WF42OK9VL589 | Long             | EC               | CORP              | US        |       646 | NS      | $25426.56     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                  | DoorDash, Inc.                                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       897 | NS      | $43791.54     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                    | Twilio, Inc.                                         | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       694 | NS      | $33978.24     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                    | Bumble, Inc.                                         | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       996 | NS      | $20965.80     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc       | Activision Blizzard, Inc.                            | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      1086 | NS      | $83133.30     | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc     | ZoomInfo Technologies, Inc.                          | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1275 | NS      | $38390.25     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Rydex Variable Trust

**Signature:** Jim Howley

**Name of Signer:** Jim Howley

**Title:** CFO