# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000913181-26-000261
**Filing Date:** 2026-3
**Character Count:** 9637
**Document Hash:** b472bc96dfda6696c676453ebc2e8217
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000261.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000913181-26-000261

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**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:** 26705238

**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

### High Yield Strategy Fund (Series ID: S000016688)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000046626 | 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:** High Yield Strategy Fund

- **b. EDGAR series identifier (if any):** S000016688

- **c. LEI of Series:** 549300T94NKQOIGT7F22

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $7216053.76

**Total Liabilities:** $20725.39

**Net Assets:** $7195328.37

**Cash Not Reported:** $34053.46

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 11.46014750 | **1-Year:** 115.89376320 | **5-Year:** 17.18327770 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 55.30649550 | **5-Year:** 2852.20263160 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000046626 | 0.29%                | 1.02%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.30                    | $-1574.36                                  |
| Month 2  | $0.00                    | $477.68                                    |
| Month 3  | $0.00                    | $-587.26                                   |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays U.S. Corporate High Yield Index

- **Index Identifier:** LEH_HY

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chicago Board of Trade                        | U.S. Treasury 5 Year Note Futures Contracts                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        63 | NC      | $-19930.95    | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                   | iShares iBoxx $ High Yield Corporate Bond ETF              | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DCR              |  | US        |       364 | NC      | $194.65       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC DISCOUNT NT                       | Freddie Mac                                                | CUSIP: 313397SA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    700000 | PA      | $698679.24    | 9.71%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                             | CDX.NA.HY.45.V1                                            | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DCR              |  | US        |  -6350000 | OU      | $483514.40    | 6.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                   | State Street SPDR Bloomberg High Yield Bond ETF            | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DCR              |  | US        |       192 | NC      | $148.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                                 | U.S. Treasury Bills                                        | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     61000 | PA      | $60879.41     | 0.85%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                       | Federal Home Loan Bank                                     | CUSIP: 313385RW8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $499245.83    | 6.94%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management LLC | Guggenheim Ultra Short Duration Fund - Institutional Class | CUSIP: 40169J523<br>LEI: N/A                  | Long             | EC               | RF                | US        |     57301 | NS      | $578164.01    | 8.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Bloomberg Hi                | State Street SPDR Bloomberg High Yield Bond ETF            | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |      1245 | NS      | $121101.15    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                         | BofA Securities, Inc.                                      | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   1479951 | PA      | $1479950.93   | 20.57%            |  |  |  | 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        |   1479951 | PA      | $1479950.93   | 20.57%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE DISCOUNT NOTE                          | Fannie Mae                                                 | CUSIP: 313589RW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   1100000 | PA      | $1098372.91   | 15.27%            | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Cor                | iShares iBoxx $ High Yield Corporate Bond ETF              | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |      1556 | NS      | $125553.64    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Partners Investment Management LLC | Guggenheim Strategy Fund II                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |     23000 | NS      | $571080.91    | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                   | iShares iBoxx $ High Yield Corporate Bond ETF              | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DCR              |  | US        |        86 | NC      | $-15.91       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO