# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-022851
**Filing Date:** 2026-6
**Character Count:** 43539
**Document Hash:** 90f32c8dc5447a70dc614ffad57fd29d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022851.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022851

**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:** 261048528

**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

### NASDAQ-100(R) 2x Strategy Fund (Series ID: S000003752)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010421 | 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:** NASDAQ-100(R) 2x Strategy Fund

- **b. EDGAR series identifier (if any):** S000003752

- **c. LEI of Series:** 549300LJ1KH6QGVD7G61

**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:** $97996807.04

**Total Liabilities:** $2362993.29

**Net Assets:** $95633813.75

**Cash Not Reported:** $7352234.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010421 | 1.79%                | -5.30%               | -10.25%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $270700.03               | $1130132.26                                |
| Month 2  | $-1039855.24             | $-2602694.23                               |
| Month 3  | $5212179.45              | $-10728414.44                              |

**Designated Index Information**

- **Index Name:** NASDAQ-100 Index

- **Index Identifier:** NASDAQ100

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cadence Design Systems, Inc.                       | Cadence Design Systems, Inc. COM                              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1192 | NS      | $331221.04    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                                | The Kraft Heinz Co. COM                                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      5110 | NS      | $114923.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                   | American Electric Power Co, Inc. COM                          | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2335 | NS      | $306071.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                       | Broadcom Inc COM                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7414 | NS      | $2294707.14   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                             | Applied Materials Inc. COM                                    | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      3426 | NS      | $1170972.54   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                    | Seagate Technology Holdings PLC ORD SHS                       | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |       941 | NS      | $368646.16    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                          | Linde PLC COM EUR0.001                                        | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      2001 | NS      | $992015.76    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                    | Ross Stores Inc COM                                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1396 | NS      | $302415.48    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                    | Starbucks Corp. COM                                           | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      4918 | NS      | $440603.62    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                                   | PDD Holdings Inc. SPONSORED ADS                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      2883 | NS      | $294584.94    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.                       | Alnylam Pharmaceuticals Inc. COM                              | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       573 | NS      | $189588.51    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                      | Alphabet Inc. CAP STK CL C                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      8504 | NS      | $2439457.44   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.                        | Warner Bros. Discovery Inc. COM SER A                         | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     10706 | NS      | $293986.76    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                      | QUALCOMM Inc. COM                                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      4606 | NS      | $593160.68    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                             | Micron Technology Inc. COM                                    | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      4859 | NS      | $1641564.56   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                               | Electronic Arts Inc. COM                                      | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1080 | NS      | $220179.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                            | IDEXX Laboratories Inc. COM                                   | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       344 | NS      | $193290.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc.                        | Mondelez International Inc. CL A                              | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      5534 | NS      | $318979.76    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc.                                      | Strategy Inc. CL A NEW                                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      1356 | NS      | $169228.80    | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Marriott International, Inc.                       | Marriott International, Inc. CL A                             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      1144 | NS      | $374168.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                         | Apple Inc. COM                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     22958 | NS      | $5826510.82   | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                       | Synopsys Inc COM                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       827 | NS      | $327888.96    | 0.34%             |  |  |  | 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        |    784505 | PA      | $784505.23    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortinet Inc                                       | Fortinet Inc COM                                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      3194 | NS      | $261013.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp                               | Thomson Reuters Corp COM                                      | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      1920 | NS      | $172761.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated                | Vertex Pharmaceuticals Incorporated COM                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1097 | NS      | $489854.38    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.                 | Take-Two Interactive Software Inc. COM                        | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       800 | NS      | $158000.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                               | Keurig Dr Pepper Inc COM                                      | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      5866 | NS      | $154451.78    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                        | Walmart Inc COM                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     21098 | NS      | $2622059.44   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                 | Coca-Cola Europacific Partners PLC COM EUR0.01                | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      1978 | NS      | $179345.26    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                                | Analog Devices Inc. COM                                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2108 | NS      | $670639.12    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORP                                     | Atlassian Corporation CL A                                    | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |       732 | NS      | $49959.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                       | Ferrovial SE EUR0.01                                          | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |      3106 | NS      | $202045.30    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.                     | Old Dominion Freight Line Inc. COM                            | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       900 | NS      | $175860.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                       | Fastenal Co. COM                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      4957 | NS      | $230004.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.               | Cognizant Technology Solutions Corp. CL A                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      2065 | NS      | $126687.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                             | Diamondback Energy Inc COM                                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      1218 | NS      | $240908.22    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                  | Intel Corporation COM                                         | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     21564 | NS      | $951619.32    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                             | Texas Instruments Inc. COM                                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      3918 | NS      | $760640.52    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                    | Microsoft Corp. COM                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     11612 | NS      | $4298414.04   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                   | Amazon.com, Inc. COM                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     16787 | NS      | $3496228.49   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                        | Pepsico Inc COM                                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      5900 | NS      | $916211.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                            | Intuitive Surgical Inc. COM NEW                               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1533 | NS      | $706697.67    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                               | Baker Hughes Company CL A                                     | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4266 | NS      | $260439.30    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                  | ASML Holding N.V. NY REGISTRY SHS                             | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       380 | NS      | $501915.40    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                   | Mercadolibre Inc COM                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       219 | NS      | $378655.38    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                       | DoorDash Inc CL A                                             | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      1770 | NS      | $265765.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                                   | Costar Group Inc COM                                          | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |      1812 | NS      | $73096.08     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                              | Monster Beverage Corp COM                                     | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      4223 | NS      | $305998.58    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                 | Meta Platforms Inc CL A                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4612 | NS      | $2638663.56   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Healthcare Technologies Inc.                    | GE Healthcare Technologies Inc. COMMON STOCK                  | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |      1967 | NS      | $140011.06    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                        | Advanced Micro Devices Inc. COM                               | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      7039 | NS      | $1431943.77   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated                  | Microchip Technology Incorporated COM                         | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      2336 | NS      | $150928.96    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                   | Arm Holdings PLC SPONSORED ADS                                | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |       603 | NS      | $91221.84     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                            | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               | CORP              | US        |         1 | NC      | $-752967.93   | -0.79%            |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                              | NXP Semiconductors NV EUR0.20                                 | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      1091 | NS      | $214774.26    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                   | E-mini Nasdaq-100 Futures, Jun-2026,ETH                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       139 | NC      | $-2626990.61  | -2.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                             | Roper Technologies Inc COM                                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       444 | NS      | $157113.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                         | Insmed Inc COM PAR $.01                                       | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |       931 | NS      | $152237.12    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                               | Booking Holdings Inc COM                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       137 | NS      | $576813.84    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                      | Alphabet Inc. CAP STK CL A                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9104 | NS      | $2617946.24   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                           | Crowdstrike Holdings Inc CL A                                 | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1089 | NS      | $425156.49    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                          | Tesla Inc COM                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7805 | NS      | $2901508.75   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                        | Paychex Inc COM                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1550 | NS      | $142786.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                         | Intuit Inc COM                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1194 | NS      | $516261.72    | 0.54%             |  |  |  | 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        |   2378647 | NS      | $2378646.69   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp. COM                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     37999 | NS      | $6627025.60   | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                      | Netflix, Inc. COM                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     18227 | NS      | $1752526.05   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.                      | Monolithic Power Systems Inc. COM                             | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       213 | NS      | $232883.55    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 05/21/26                                                  | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4974805.55   | 5.20%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Corp.                         | Constellation Energy Corp. COM                                | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      1563 | NS      | $436467.75    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                    | Regeneron Pharmaceuticals, Inc. COM                           | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       449 | NS      | $346915.36    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                         | DexCom Inc COM                                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      1661 | NS      | $104310.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                                         | Paccar Inc COM                                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      2270 | NS      | $262185.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                           | Lam Research Corporation COM NEW                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5391 | NS      | $1151841.06   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                        | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               | CORP              | FR        |         1 | NC      | $-923255.39   | -0.97%            |  |  |  | No            |                  2 | On Loan: No      |
| Costco Wholesale Corporation                       | Costco Wholesale Corporation COM                              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1917 | NS      | $1910156.31   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                       | Honeywell International Inc. COM                              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2744 | NS      | $620226.32    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                             | Verisk Analytics, Inc. COM                                    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       596 | NS      | $113091.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                       | Exelon Corp. COM                                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      4416 | NS      | $216472.32    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                | Axon Enterprise Inc COM                                       | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       348 | NS      | $147792.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                    | Xcel Energy Inc COM                                           | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      2693 | NS      | $213931.92    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                        | Shopify Inc CL A SUB VTG SHS                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5293 | NS      | $627855.66    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                             | Palo Alto Networks Inc COM                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3523 | NS      | $564807.36    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                              | Western Digital Corp. COM                                     | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      1465 | NS      | $396267.85    | 0.41%             |  |  |  | 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        |    712941 | PA      | $712940.91    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Applovin Corp.                                     | Applovin Corp. COM CL A                                       | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1326 | NS      | $527748.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                         | Amgen Inc. COM                                                | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2327 | NS      | $818754.95    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                    | T-Mobile US Inc COM                                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4757 | NS      | $999112.71    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                       | Charter Communications, Inc. CL A                             | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       547 | NS      | $118086.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Adobe Inc                                          | Adobe Inc COM                                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1760 | NS      | $427820.80    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                           | O'Reilly Automotive Inc. COM                                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3620 | NS      | $334162.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                  | TRS NASDAQ 100 STOCK INDX                                     | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-145586.18   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Workday Inc                                        | Workday Inc CL A                                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       920 | NS      | $119526.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                               | Gilead Sciences Inc. COM                                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5359 | NS      | $746883.83    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORP                                        | Cintas Corporation COM                                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1727 | NS      | $292104.78    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                          | Palantir Technologies Inc CL A                                | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      9892 | NS      | $1447001.76   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                        | Zscaler Inc COM                                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       695 | NS      | $97501.55     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                | Cisco Systems, Inc. COM                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     17052 | NS      | $1323064.68   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                    | CSX Corporation COM                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      8028 | NS      | $329549.40    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                          | KLA Corp. COM NEW                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       566 | NS      | $833384.06    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                         | Copart Inc COM                                                | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      4179 | NS      | $138742.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                               | Paypal Holdings Inc. COM                                      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      3975 | NS      | $179789.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                       | Autodesk Inc COM                                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       915 | NS      | $219051.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                | Comcast Corporation CL A                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     15491 | NS      | $444746.61    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                         | Airbnb Inc COM CL A                                           | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      1829 | NS      | $230966.12    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                       | B 0 06/16/26                                                  | CUSIP: 912797UA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1984786.80   | 2.08%             | 2026-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing, Inc.                    | Automatic Data Processing, Inc. COM                           | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      1738 | NS      | $353126.84    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                             | Marvell Technology Inc COM                                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3761 | NS      | $372527.05    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                        | Datadog Inc CL A COM                                          | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1418 | NS      | $167394.90    | 0.18%             |  |  |  | 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