# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000913181-26-000322
**Filing Date:** 2026-3
**Character Count:** 7648
**Document Hash:** dfe4e33434366021d0a768399d2247c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-26-000322.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000913181-26-000322

**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:** 26705308

**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

### Russell 2000(R) 2x Strategy Fund (Series ID: S000011813)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000032290 | 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:** Russell 2000 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000011813

- **c. LEI of Series:** 5493003Y5L8MOKY2XN94

**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:** $6787996.83

**Total Liabilities:** $193617.36

**Net Assets:** $6594379.47

**Cash Not Reported:** $1373438.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032290 | 2.76%                | 0.93%                | -2.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $8016.37                                   |
| Month 2  | $3.58                    | $4667.19                                   |
| Month 3  | $0.00                    | $-4841.41                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP Paribas                 | Russell 2000 Index                        | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DE               |  | US        |       509 | NC      | $46656.14     | 0.71%             |  |  |  | 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        |   1787777 | PA      | $1787777.47   | 27.11%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL               | U.S. Treasury Bills                       | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     86000 | PA      | $85830.23     | 1.30%             | 2026-01-22      | None          | 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    | 10.60%            | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange | Russell 2000 Index Mini Futures Contracts | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $-40148.68    | -0.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Tobira Therapeutics Inc     | Tobira Therapeutics, Inc.                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | IE        |         7 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Goldman Sachs International | Russell 2000 Index                        | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DE               |  | US        |      2012 | NC      | $19696.51     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Russell 2000 ETF   | Vanguard Russell 2000 ETF                 | CUSIP: 92206C664<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2308 | NS      | $229692.16    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.       | BofA Securities, Inc.                     | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   1787777 | PA      | $1787777.48   | 27.11%            |  |  |  | No            |                  2 | On Loan: No      |
| FANNIE DISCOUNT NOTE        | Fannie Mae                                | CUSIP: 313589RW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $499260.41    | 7.57%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Russell 2000 ETF    | iShares Russell 2000 Index ETF            | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       932 | NS      | $229421.12    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc           | Russell 2000 Index                        | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DE               |  | US        |      1047 | NC      | $-18093.46    | -0.27%            |  |  |  | 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