# EDGAR Filing Document

**Accession Number:** 0001064046
**File Stem:** 0000940400-26-023133
**Filing Date:** 2026-6
**Character Count:** 15196
**Document Hash:** cb63059c2a773537ae819f9e3cdb870e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023133.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023133

**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:** 261049131

**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 Services Fund (Series ID: S000003715)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000010384 | 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 Services Fund

- **b. EDGAR series identifier (if any):** S000003715

- **c. LEI of Series:** 5493008C68OBZH304M86

**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:** $14322073.18

**Total Liabilities:** $656772.14

**Net Assets:** $13665301.04

**Cash Not Reported:** $55.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010384 | 20.97%               | 14.00%               | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8217.52                 | $723298.48                                 |
| Month 2  | $6785.11                 | $740254.75                                 |
| Month 3  | $-130468.02              | $326243.83                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Halliburton Company                                | Halliburton Company COM                                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     26786 | NS      | $1044386.14   | 7.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Borr Drilling Ltd.                                 | Borr Drilling Ltd. SHS                                       | CUSIP: 000000000<br>LEI: 213800J2JPCTXLHQ5R78 | Long             | EC               | CORP              | BM        |     64854 | NS      | $374207.58    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                    | Oceaneering International, Inc. COM                          | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      9411 | NS      | $333808.17    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc New                                  | Tidewater Inc New COM                                        | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      3666 | NS      | $306294.30    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                            | SLB Ltd. COM STK                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     34025 | NS      | $1748544.75   | 12.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc                      | Weatherford International Plc COM USD0.001                   | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |      5385 | NS      | $509313.30    | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PROPETRO HOLDING CORP                              | ProPetro Holding Corp. COM                                   | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14515 | NS      | $209161.15    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                              | Helmerich & Payne Inc COM                                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |      9281 | NS      | $334394.43    | 2.45%             |  |  |  | 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        |    319655 | PA      | $319655.29    | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES INC                            | Kodiak Gas Services Inc. COM                                 | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7256 | NS      | $423169.92    | 3.10%             |  |  |  | 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        |    290496 | PA      | $290495.62    | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaris SA                                         | Tenaris SA SPONSORED ADS                                     | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      7168 | NS      | $417034.24    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NABORS INDUSTRIES LTD                              | Nabors Industries, Ltd. SHS                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      1409 | NS      | $121258.54    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                     | TechnipFMC PLC USD1                                          | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      7931 | NS      | $548270.03    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VALARIS LTD                                        | Valaris Ltd. CL A                                            | CUSIP: 000000000<br>LEI: 5299008BQ9IREYWBTS30 | Long             | EC               | CORP              | BM        |      4307 | NS      | $422258.28    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                            | Expro Group Holdings NV EUR0.01                              | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     14660 | NS      | $255230.60    | 1.87%             |  |  |  | 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        |      6295 | NS      | $355730.45    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                                       | Archrock Inc COM                                             | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     12664 | NS      | $440707.20    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                                     | Transocean Ltd COM CHF0.10                                   | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |     66145 | NS      | $438541.35    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.                 | Helix Energy Solutions Group, Inc. COM                       | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     22922 | NS      | $226698.58    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                               | Baker Hughes Company CL A                                    | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24520 | NS      | $1496946.00   | 10.95%            |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORP PLC                                     | Noble Corporation PLC ORD SHS A                              | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |      9402 | NS      | $461356.14    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                           | NOV Inc. COM                                                 | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     25049 | NS      | $471171.69    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc.                          | Patterson-UTI Energy Inc. COM                                | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     34750 | NS      | $376342.50    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS ENERGY SOLUTIONS INC                         | Atlas Energy Solutions Inc. COM NEW                          | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13648 | NS      | $179061.76    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc.                            | TETRA Technologies Inc. COM                                  | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |     22611 | NS      | $192645.72    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                         | Cactus Inc CL A                                              | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      7666 | NS      | $363138.42    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PROFRAC HOLDING CORP                               | ProFrac Holding Corp. CLASS A COM                            | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9536 | NS      | $59123.20     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd.                                      | Seadrill Ltd. COM USD0.01                                    | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |      7652 | NS      | $348166.00    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL ENERGY SERVICES REUNITED CORP             | National Energy Services Reunited Corp. COM NPV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     10148 | NS      | $217877.56    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                 | Liberty Energy Inc COM CL A                                  | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |     12797 | NS      | $368553.60    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                         | Select Water Solutions Inc CL A COM                          | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     17358 | NS      | $265577.40    | 1.94%             |  |  |  | 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