# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000913181-26-000281
**Filing Date:** 2026-3
**Character Count:** 33434
**Document Hash:** c1551c5e04c1ab2afc7a2b1d0ae39459
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000281.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000913181-26-000281

**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:** 26705265

**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

### S&P MidCap 400 Pure Growth Fund (Series ID: S000003744)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010413 | 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:** S&P MidCap 400 Pure Growth Fund

- **b. EDGAR series identifier (if any):** S000003744

- **c. LEI of Series:** 549300SL2Z7RY94P1E48

**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:** $9075496.67

**Total Liabilities:** $44184.23

**Net Assets:** $9031312.44

**Cash Not Reported:** $36.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010413 | 1.14%                | 2.20%                | -0.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3339.75                | $104890.60                                 |
| Month 2  | $-159685.96              | $343870.27                                 |
| Month 3  | $994147.08               | $-1070044.31                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Curtiss-Wright Corp            | Curtiss-Wright Corp.                      | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       234 | NS      | $128997.18    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp.                            | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |       522 | NS      | $96345.54     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                | Hecla Mining Co.                          | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |      9014 | NS      | $172978.66    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc     | Hilton Grand Vacations, Inc.              | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |      2089 | NS      | $93482.75     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc        | ExlService Holdings, Inc.                 | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      1163 | NS      | $49357.72     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp.                            | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      1550 | NS      | $168485.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                        | ITT, Inc.                                 | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |       420 | NS      | $72874.20     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp              | Talen Energy Corp.                        | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       472 | NS      | $176924.48    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp.                           | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |      2250 | NS      | $86085.00     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                     | Ciena Corp.                               | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       592 | NS      | $138451.04    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                  | Valvoline, Inc.                           | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      2106 | NS      | $61200.36     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The           | Ensign Group, Inc.                        | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |       682 | NS      | $118804.40    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings, Inc.                   | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       243 | NS      | $89567.37     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc         | Ormat Technologies, Inc.                  | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |       693 | NS      | $76555.71     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc         | CACI International, Inc.                  | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |       189 | NS      | $100701.09    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp.                | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |       491 | NS      | $154586.44    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp       | United Therapeutics Corp.                 | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       289 | NS      | $140815.25    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc             | Planet Fitness, Inc.                      | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |       789 | NS      | $85582.83     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp          | Antero Midstream Corp.                    | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2861 | NS      | $50897.19     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The          | New York Times Co.                        | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |       807 | NS      | $56021.94     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                        | ATI, Inc.                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      1042 | NS      | $119579.92    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                    | Valaris Ltd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2432 | NS      | $122572.80    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc     | Neurocrine Biosciences, Inc.              | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       854 | NS      | $121122.82    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech, Inc.                          | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      1632 | NS      | $54737.28     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co            | Travel + Leisure Co.                      | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      1295 | NS      | $91336.35     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc         | Guidewire Software, Inc.                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |       301 | NS      | $60504.01     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc           | Dycom Industries, Inc.                    | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |       431 | NS      | $145634.90    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust  | First Industrial Realty Trust, Inc.       | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       797 | NS      | $45644.19     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies, Inc.                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       572 | NS      | $98864.48     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric plc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       843 | NS      | $85960.71     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc           | Chart Industries, Inc.                    | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |       503 | NS      | $103733.69    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc     | Grand Canyon Education, Inc.              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |       313 | NS      | $52055.03     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc   | Somnigroup International, Inc.            | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      1238 | NS      | $110528.64    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc               | Pure Storage, Inc.                        | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      1418 | NS      | $95020.18     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                   | Appfolio, Inc.                            | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |       361 | NS      | $83986.65     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp.                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       908 | NS      | $62997.04     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                        | EnerSys                                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |       554 | NS      | $81299.50     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                 | TechnipFMC plc                            | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | US        |      3452 | NS      | $153821.12    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc      | Kinsale Capital Group, Inc.               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       159 | NS      | $62188.08     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                       | Fabrinet                                  | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | US        |       324 | NS      | $147510.72    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc           | Medpace Holdings, Inc.                    | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       354 | NS      | $198824.10    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below, Inc.                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |       857 | NS      | $161424.52    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                     | Rambus, Inc.                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      1710 | NS      | $157131.90    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc               | RBC Bearings, Inc.                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       134 | NS      | $60089.62     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                  | RB Global, Inc.                           | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |       790 | NS      | $81267.30     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc           | Federated Hermes, Inc.                    | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |      1594 | NS      | $82999.58     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp.                    | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       587 | NS      | $116648.64    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                   | Penumbra, Inc.                            | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       342 | NS      | $106331.22    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores, Inc.              | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       105 | NS      | $58034.55     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                 | Royal Gold, Inc.                          | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |       535 | NS      | $118925.15    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp.                              | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |       822 | NS      | $60745.80     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc            | Churchill Downs, Inc.                     | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |       521 | NS      | $59279.38     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol | MACOM Technology Solutions Holdings, Inc. | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       456 | NS      | $78103.68     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                   | Doximity, Inc.                            | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1712 | NS      | $75807.36     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                    | Dropbox, Inc.                             | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      2380 | NS      | $66164.00     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp               | Boyd Gaming Corp.                         | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      1337 | NS      | $113965.88    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                       | Flex Ltd.                                 | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |      1204 | NS      | $72745.68     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                     | Twilio, Inc.                              | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |       906 | NS      | $128869.44    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment, Inc.                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |       703 | NS      | $170048.67    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp         | Paylocity Holding Corp.                   | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |       346 | NS      | $52765.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure, Inc.             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       441 | NS      | $135047.43    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc         | FirstCash Holdings, Inc.                  | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       810 | NS      | $129097.80    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                       | Okta, Inc.                                | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       766 | NS      | $66236.02     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                   | Wingstop, Inc.                            | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |       268 | NS      | $63915.32     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC       | Jazz Pharmaceuticals plc                  | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | US        |       474 | NS      | $80580.00     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc         | Hims & Hers Health, Inc.                  | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |      3979 | NS      | $129198.13    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp          | Encompass Health Corp.                    | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |       559 | NS      | $59332.26     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc               | HealthEquity, Inc.                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |       658 | NS      | $60279.38     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc     | Coca-Cola Consolidated, Inc.              | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       396 | NS      | $60706.80     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc         | Option Care Health, Inc.                  | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      3696 | NS      | $117754.56    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                   | Woodward, Inc.                            | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |       578 | NS      | $174740.96    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holding | Ollie's Bargain Outlet Holdings, Inc.     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |       724 | NS      | $79357.64     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                  | Dynatrace, Inc.                           | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |      1352 | NS      | $58595.68     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc             | Globus Medical, Inc.                      | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      1253 | NS      | $109399.43    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.          | BofA Securities, Inc.                     | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |     33578 | PA      | $33578.34     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Affiliated Managers Group Inc  | Affiliated Managers Group, Inc.           | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |       252 | NS      | $72646.56     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions, Inc. | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      1447 | NS      | $109841.77    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                   | Exelixis, Inc.                            | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      2892 | NS      | $126756.36    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc      | Halozyme Therapeutics, Inc.               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2869 | NS      | $193083.70    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                 | NewMarket Corp.                           | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |        92 | NS      | $63227.92     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc       | Elanco Animal Health, Inc.                | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      3880 | NS      | $87804.40     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                     | MasTec, Inc.                              | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       621 | NS      | $134986.77    | 1.49%             |  |  |  | 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        |     33578 | PA      | $33578.33     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Sabra Health Care REIT Inc     | Sabra Health Care REIT, Inc.              | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      5514 | NS      | $104435.16    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co               | Sotera Health Co.                         | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3359 | NS      | $59252.76     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc           | SPX Technologies, Inc.                    | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |       461 | NS      | $92227.66     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc   | Watts Water Technologies, Inc.            | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       223 | NS      | $61552.46     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                   | LivaNova plc                              | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | US        |       925 | NS      | $56915.25     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                  | TopBuild Corp.                            | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       103 | NS      | $42970.57     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc           | Celsius Holdings, Inc.                    | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3879 | NS      | $177425.46    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                        | XPO, Inc.                                 | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |       596 | NS      | $81002.36     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                | Pegasystems, Inc.                         | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      1122 | NS      | $67005.84     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc               | UL Solutions, Inc.                        | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |      1418 | NS      | $111823.48    | 1.24%             |  |  |  | No            |                  1 | 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