# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-023113
**Filing Date:** 2026-6
**Character Count:** 34925
**Document Hash:** 08cdf7c9fa0be0ad9eaa9c10f77affd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023113.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023113

**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:** 261049108

**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

### Energy Fund (Series ID: S000003714)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010383 | 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:** Energy Fund

- **b. EDGAR series identifier (if any):** S000003714

- **c. LEI of Series:** 549300U94DM6WS1H2223

**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:** $20986319.25

**Total Liabilities:** $42712.31

**Net Assets:** $20943606.94

**Cash Not Reported:** $72533.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010383 | 13.42%               | 8.89%                | 10.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22231.38                | $1045524.61                                |
| Month 2  | $-11398.08               | $832182.81                                 |
| Month 3  | $46712.44                | $1224094.16                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEXAS PACIFIC LAND CORP                            | Texas Pacific Land Corporation COM                           | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       519 | NS      | $246296.64    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                                        | Sunrun Inc. COM                                              | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      7367 | NS      | $99896.52     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Limited                                  | Golar LNG Limited COM STK USD1.00                            | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |      3741 | NS      | $202425.51    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                                  | HF Sinclair Corp. COM                                        | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      2680 | NS      | $167205.20    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP                      | Western Midstream Partners LP COM UNIT LP INT                | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4003 | NS      | $164803.51    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                 | Liberty Energy Inc COM CL A                                  | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |      3714 | NS      | $106963.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY FUELS INC                                   | Energy Fuels Inc. COM NEW                                    | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |      5669 | NS      | $103459.25    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORP                              | Antero Midstream Corporation COM                             | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6252 | NS      | $142545.60    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                         | Tenaris SA SPONSORED ADS                                     | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      2752 | NS      | $160111.36    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                         | Oneok Inc. COM                                               | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      4506 | NS      | $407297.34    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                                     | Transocean Ltd COM CHF0.10                                   | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |     26055 | NS      | $172744.65    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                     | TC Energy Corp COM                                           | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      2983 | NS      | $186735.80    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORP PLC                                     | Noble Corporation PLC ORD SHS A                              | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |      2727 | NS      | $133813.89    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                 | Venture Global Inc COM CL A                                  | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     11712 | NS      | $184581.12    | 0.88%             |  |  |  | No            |                  1 | 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        |     20480 | PA      | $20480.13     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Phillips 66                                        | Phillips 66 COM                                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      2465 | NS      | $449073.70    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                               | Centrus Energy Corp. CL A                                    | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |       383 | NS      | $66484.97     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontline Plc                                      | Frontline Plc COM                                            | CUSIP: 000000000<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |      4764 | NS      | $166073.04    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                         | Par Pacific Holdings, Inc. COM NEW                           | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |      1509 | NS      | $94523.76     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                 | Coterra Energy Inc COM                                       | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      7839 | NS      | $275462.46    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                                 | Chord Energy Corp. COM NEW                                   | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      1123 | NS      | $159668.14    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc                  | Solaris Energy Infrastructure Inc COM CL A                   | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |      1915 | NS      | $108216.65    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corporation                   | California Resources Corporation COM STOCK                   | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      1919 | NS      | $132833.18    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexgen Energy Ltd                                  | Nexgen Energy Ltd COM                                        | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     12131 | NS      | $140719.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                             | BP PLC SPONSORED ADR                                         | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      5817 | NS      | $273399.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                              | Targa Resources Corp. COM                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      1548 | NS      | $388130.04    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                               | Peabody Energy Corp. COM                                     | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      2964 | NS      | $97663.80     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc                      | Weatherford International Plc COM USD0.001                   | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      1562 | NS      | $147733.96    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                             | Murphy Oil Corporation COM                                   | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      3207 | NS      | $132288.75    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                    | First Solar Inc COM                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1191 | NS      | $234936.66    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KODIAK GAS SERVICES INC                            | Kodiak Gas Services Inc. COM                                 | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2105 | NS      | $122763.60    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                  | Exxon Mobil Corp. COM                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8464 | NS      | $1436002.24   | 6.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                 | Cenovus Energy Inc COM                                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     10816 | NS      | $286948.48    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                         | Northern Oil And Gas, Inc. COM                               | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |      3106 | NS      | $90788.38     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                 | Enphase Energy Inc COM                                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      2869 | NS      | $108476.89    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp.                                   | NextDecade Corp. COM                                         | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |      7899 | NS      | $60506.34     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                             | Petroleo Brasileiro SA SPONSORED ADR                         | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     12389 | NS      | $257071.75    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                       | Chevron Corp. COM                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4993 | NS      | $1033051.70   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                      | SM Energy Co. COM                                            | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      5032 | NS      | $156897.76    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                | Kinder Morgan, Inc. COM                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     12510 | NS      | $419460.30    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                           | Devon Energy Corporation COM                                 | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      5961 | NS      | $299957.52    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                     | PBF Energy Inc CL A                                          | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |      2336 | NS      | $111240.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                     | TechnipFMC PLC USD1                                          | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      3280 | NS      | $226746.40    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                        | Equinor ASA SPONSORED ADR                                    | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      4937 | NS      | $208341.40    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                              | Range Resources Corp. COM                                    | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      3795 | NS      | $171458.10    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                             | Diamondback Energy Inc COM                                   | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      1676 | NS      | $331496.04    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources, Inc.                           | Comstock Resources, Inc. COM                                 | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |      3166 | NS      | $66739.28     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP                                | Uranium Energy Corp. COM                                     | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |     18232 | NS      | $246132.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                            | SLB Ltd. COM STK                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      9870 | NS      | $507219.30    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                | Cheniere Energy Inc COM NEW                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1470 | NS      | $417127.20    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation                       | Antero Resources Corporation COM                             | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      4370 | NS      | $185462.80    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORP                            | Magnolia Oil & Gas Corporation CL A                          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4137 | NS      | $130605.09    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                          | Shell PLC SPON ADS                                           | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      3352 | NS      | $311736.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation                       | Pembina Pipeline Corporation COM                             | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |      3379 | NS      | $151244.04    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                                 | Denison Mines Corp COM                                       | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |     40741 | NS      | $143815.73    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                   | DT Midstream Inc COMMON STOCK                                | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1441 | NS      | $194059.47    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                      | Enbridge Inc. COM                                            | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |      4562 | NS      | $246986.68    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VALARIS LTD                                        | Valaris Ltd. CL A                                            | CUSIP: 000000000<br>LEI: 5299008BQ9IREYWBTS30 | Long             | EC               | CORP              | BM        |      1286 | NS      | $126079.44    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                           | NOV Inc. COM                                                 | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |      7268 | NS      | $136711.08    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                        | Ovintiv Inc COM                                              | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      3741 | NS      | $222065.76    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc.                             | Delek US Holdings Inc. COM                                   | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |      1936 | NS      | $87255.52     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                                 | Cameco Corporation COM                                       | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2486 | NS      | $270004.46    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                           | Marathon Petroleum Corp. COM                                 | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1849 | NS      | $451488.82    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                                 | EOG Resources Inc. COM                                       | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      3300 | NS      | $477081.00    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc.                          | Patterson-UTI Energy Inc. COM                                | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     10082 | NS      | $109188.06    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                      | Williams Companies Inc. (The) COM                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      6743 | NS      | $490755.54    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                         | J.P. MORGAN SECURITIES LLC TRI PARTY                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |     22536 | PA      | $22535.91     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Company                               | Baker Hughes Company CL A                                    | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7114 | NS      | $434309.70    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                                | Expand Energy Corp. COM                                      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2467 | NS      | $270827.26    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                          | CNX Resources Corporation COM                                | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |      2962 | NS      | $114185.10    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                          | APA Corp. COM                                                | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      5281 | NS      | $224125.64    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                                     | Plug Power Inc COM NEW                                       | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     27467 | NS      | $62075.42     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                 | Canadian Natural Resources Limited COM                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      5860 | NS      | $285557.80    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOR ENERGY INC                                  | Suncor Energy Inc. COM                                       | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |      3849 | NS      | $254457.39    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                         | Occidental Petroleum Corp. COM                               | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      5636 | NS      | $366340.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                                    | Murphy USA Inc. COM                                          | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       274 | NS      | $135347.78    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                             | Permian Resources Corp CLASS A COM                           | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     10537 | NS      | $224648.84    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                                | Valero Energy Corp. COM                                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      1832 | NS      | $452650.56    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY INC                                   | Viper Energy Inc. CL A                                       | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4702 | NS      | $220946.98    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc                         | Solaredge Technologies Inc COM                               | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |      5765 | NS      | $294303.25    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                     | ConocoPhillips COM                                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      5180 | NS      | $683760.00    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sable Offshore Corp                                | Sable Offshore Corp COM SHS                                  | CUSIP: 78574H104<br>LEI: 254900IMMKZUOZF7V487 | Long             | EC               | CORP              | US        |      4250 | NS      | $70210.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                                    | EQT Corporation COM                                          | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      5073 | NS      | $322845.72    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                               | Kinetik Holdings Inc COM NEW CL A                            | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2643 | NS      | $127947.63    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                | Halliburton Company COM                                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      7771 | NS      | $302991.29    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc.                        | Core Natural Resources Inc. COM SHS                          | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       907 | NS      | $94990.11     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                          | Matador Resources Company COM                                | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      2356 | NS      | $148852.08    | 0.71%             |  |  |  | No            |                  1 | 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