# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022854
**Filing Date:** 2026-6
**Character Count:** 10244
**Document Hash:** ba5794cffaca000c3a1a502f4eb73365
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022854.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022854

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**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:** 261048531

**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 BOULEVARD

  - **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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $3796351.23

**Total Liabilities:** $33360.11

**Net Assets:** $3762991.12

**Cash Not Reported:** $298696.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8.33701680 | **1-Year:** 133.00688800 | **5-Year:** 40.27156310 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 113.14515330 | **5-Year:** 1326.98028570 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000046626 | 0.15%                | 0.05%                | -2.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1585.96                                   |
| Month 2  | $0.00                    | $-1914.87                                  |
| Month 3  | $0.00                    | $-7728.79                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.        | 5-Year T-Note Futures, Jun-2026,ETH                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        30 | NC      | $-48330.78    | -1.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Guggenheim Funds Trust                             | Guggenheim Ultra Short Duration Fund                              | CUSIP: 40169J523<br>LEI: 54930033G24U3UGWK691 | Long             | EC               | RF                | US        |     57301 | NS      | $575871.99    | 15.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation          | FAMCDN 0 04/27/26                                                 | CUSIP: 31315LWB0<br>LEI: 549300MS654K78GYF580 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $498700.00    | 13.25%            | 2026-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                      | iShares Trust IBOXX HI YD ETF                                     | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      1556 | NS      | $123795.36    | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                            | TRS ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF               | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |         1 | NC      | $7.90         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FREDN 0 04/23/26 RB                                               | CUSIP: 313397VX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $498889.31    | 13.26%            | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Guggenheim Strategy Funds Trust                    | Guggenheim Strategy Fund II                                       | CUSIP: 40168Q205<br>LEI: 5493007THUTJ3GMETL84 | Long             | EC               | RF                | US        |     23000 | NS      | $569010.95    | 15.12%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                  | SPDR Series Trust STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      1245 | NS      | $119171.40    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management       | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL     | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |      2392 | NS      | $2392.36      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                        | TRS ISHARES IBOXX USD HIGH YIELD CORPORATE BOND ETF               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $30.75        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                        | TRS STATE STREET SPDR BLOOMBERG HIGH YIELD BOND ETF               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $19.84        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED TRI PARTY      | CUSIP: 000000000<br>LEI: 8NAV47T0Y26Q87Y0QP81 | Long             | RA               | CORP              | US        |    163011 | PA      | $163011.20    | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                    | CDS CDX.NA.HY.45.V1                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $351787.84    | 9.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                            | FHLBDN 0 04/08/26                                                 | CUSIP: 313385VG8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $499647.57    | 13.28%            | 2026-04-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                         | J.P. MORGAN SECURITIES LLC TRI PARTY                              | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |    179374 | PA      | $179374.10    | 4.77%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                    | CDS CDX.NA.HY.45.V2                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-166349.29   | -4.42%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Rydex Variable Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer