# EDGAR Filing Document

**Accession Number:** 0000899148
**File Stem:** 0000913181-25-000319
**Filing Date:** 2025-12
**Character Count:** 15520
**Document Hash:** 704945bb00aedc2e6d1a09c32df62a02
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000319.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000913181-25-000319

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RYDEX SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000899148

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07584
- **FILM NUMBER:** 251538185

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX DYNAMIC FUNDS
- **DATE OF NAME CHANGE:** 20170712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES FUNDS
- **DATE OF NAME CHANGE:** 20000229

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RYDEX SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Precious Metals Fund (Series ID: S000003798)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010578 | Investor Class | RYPMX           |
| C000010579 | Class H        | RYMPX           |
| C000010580 | Class A        | RYMNX           |
| C000010581 | Class C        | RYZCX           |

## 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 Series Funds

- **b. Investment Company Act file number:** 811-07584

- **c. CIK number of Registrant:** 0000899148

- **d. LEI of Registrant:** 5493004D62WV1EDNTU07

- **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:** Precious Metals Fund

- **b. EDGAR series identifier (if any):** S000003798

- **c. LEI of Series:** 549300HYX4F1PFGDBK11

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $183677395.58

**Total Liabilities:** $240738.66

**Net Assets:** $183436656.92

**Cash Not Reported:** $0.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010581 | -0.35%               | 21.67%               | 19.10%               |
| Class ID C000010579 | -0.29%               | 21.76%               | 19.17%               |
| Class ID C000010580 | -0.28%               | 21.75%               | 19.17%               |
| Class ID C000010578 | -0.27%               | 21.78%               | 19.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $979910.35               | $-804501.84                                |
| Month 2  | $1654685.48              | $21332358.62                               |
| Month 3  | $2154507.84              | $24571564.00                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| McEwen Inc                   | McEwen, Inc.                     | CUSIP: 58039P305<br>LEI: 5493000FX50GEWAF3U70 | Long             | EC               | CORP              | US        |     83715 | NS      | $1431526.50   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc             | OR Royalties, Inc.               | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | US        |    108644 | NS      | $4354451.52   | 2.37%             |  |  |  | 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        |    654108 | PA      | $654107.61    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold Inc              | Alamos Gold, Inc.                | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | US        |    171354 | NS      | $5973400.44   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                 | IAMGOLD Corp.                    | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | US        |    335921 | NS      | $4343458.53   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp            | Kinross Gold Corp.               | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | US        |    308633 | NS      | $7669530.05   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp           | Eldorado Gold Corp.              | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    127358 | NS      | $3679372.62   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc            | Centerra Gold, Inc.              | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | US        |    222493 | NS      | $2387349.89   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co              | Hecla Mining Co.                 | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    356622 | NS      | $4315126.20   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd       | Sibanye Stillwater Ltd.          | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    333377 | NS      | $3747157.48   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc         | Freeport-McMoRan, Inc.           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    264115 | NS      | $10358590.30  | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp        | Endeavour Silver Corp.           | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | US        |    300094 | NS      | $2352736.96   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp           | Franco-Nevada Corp.              | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | US        |     36501 | NS      | $8136437.91   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc               | Royal Gold, Inc.                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     27978 | NS      | $5611827.24   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seabridge Gold Inc           | Seabridge Gold, Inc.             | CUSIP: 811916105<br>LEI: 9845003FEO1A66376A92 | Long             | EC               | CORP              | US        |    104618 | NS      | $2526524.70   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp          | Barrick Mining Corp.             | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | US        |    363831 | NS      | $11922741.87  | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc        | Silvercorp Metals, Inc.          | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | US        |    226131 | NS      | $1429147.92   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp     | Pan American Silver Corp.        | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | US        |    160676 | NS      | $6222979.34   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp | Wheaton Precious Metals Corp.    | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | US        |     97594 | NS      | $10914912.96  | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Novagold Resources Inc       | Novagold Resources, Inc.         | CUSIP: 66987E206<br>LEI: 529900587LVZTJ2BHS60 | Long             | EC               | CORP              | US        |    302570 | NS      | $2662616.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Perpetua Resources Corp      | Perpetua Resources Corp.         | CUSIP: 714266103<br>LEI: 529900BQBMS383SEPY05 | Long             | EC               | CORP              | US        |     99700 | NS      | $2016931.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc        | Anglogold Ashanti plc            | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | US        |    109469 | NS      | $7698954.77   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp            | Equinox Gold Corp.               | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | US        |    383589 | NS      | $4303868.58   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                  | B2Gold Corp.                     | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | US        |    531296 | NS      | $2629915.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc             | Coeur Mining, Inc.               | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    294148 | NS      | $5518216.48   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                 | New Gold, Inc.                   | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | US        |    504058 | NS      | $3619136.44   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandstorm Gold Ltd           | Sandstorm Gold Ltd.              | CUSIP: 80013R206<br>LEI: 549300QWJPV45VQF1B33 | Long             | EC               | CORP              | US        |    236036 | NS      | $2955170.72   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd       | Agnico Eagle Mines Ltd.          | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | US        |     86359 | NS      | $14556673.04  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                 | Newmont Corp.                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    176408 | NS      | $14872958.48  | 8.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp   | First Majestic Silver Corp.      | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | US        |    310267 | NS      | $3813181.43   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd   | Harmony Gold Mining Company Ltd. | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |    238326 | NS      | $4325616.90   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc               | SSR Mining, Inc.                 | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |    138947 | NS      | $3393085.74   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd              | Orla Mining Ltd.                 | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | US        |    219360 | NS      | $2369088.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.        | BofA Securities, Inc.            | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |    470673 | PA      | $470673.18    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortuna Mining Corp          | Fortuna Mining Corp.             | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | US        |    278314 | NS      | $2493693.44   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd              | Gold Fields Ltd.                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    188956 | NS      | $7928593.76   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Rydex Series Funds

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO