NPORT-P
false
0001064046
XXXXXXXX
S000003759
C000010428
Rydex Variable Trust
811-08821
0001064046
549300LJH0YR8RY3N305
702 King Farm Blvd., Suite 200
Rockville
20850
301-296-5100
Basic Materials Fund
S000003759
549300BS2SEZ4JRDDF86
2019-12-31
2019-12-31
N
6547781.49
342124.56
6205656.93
0
0
0
0
0
0
0
0
0
0
0
0
0
0
N
AngloGold Ashanti Ltd
378900EF3BA9A5F42A59
AngloGold Ashanti Ltd.
035128206
2925.00000000
NS
USD
65344.50000000
1.052982798390
Long
EC
CORP
ZA
N
1
N
N
N
DuPont de Nemours Inc
5493004JF0SDFLM8GD76
DuPont de Nemours, Inc.
26614N102
2959.00000000
NS
USD
189967.80000000
3.061203707243
Long
EC
CORP
US
N
1
N
N
N
WR Grace & Co
5493003X5Z6TVAXIPW56
WR Grace & Co.
38388F108
854.00000000
NS
USD
59651.90000000
0.961250366768
Long
EC
CORP
US
N
1
N
N
N
Warrior Met Coal Inc
549300152B1S9YKBYV79
Warrior Met Coal, Inc.
93627C101
1375.00000000
NS
USD
29053.75000000
0.468181698210
Long
EC
CORP
US
N
1
N
N
N
Sherwin-Williams Co/The
Z15BMIOX8DDH0X2OBP21
Sherwin-Williams Co.
824348106
346.00000000
NS
USD
201904.84000000
3.253561102031
Long
EC
CORP
US
N
1
N
N
N
Carpenter Technology Corp
DX6I6ZD3X5WNNCDJKP85
Carpenter Technology Corp.
144285103
849.00000000
NS
USD
42263.22000000
0.681043449174
Long
EC
CORP
US
N
1
N
N
N
Teck Resources Ltd
T8KI5SQ2JRWHL7XY0E11
Teck Resources Ltd.
878742204
3325.00000000
NS
USD
57755.25000000
0.930687123885
Long
EC
CORP
US
N
1
N
N
N
J.P. MORGAN SECURITIES LLC
ZBUT11V806EZRVTWT807
J.P. Morgan Securities LLC
N/A
27603.51000000
PA
USD
27603.51000000
0.444812053121
Long
RA
CORP
US
N
2
Repurchase
Y
1.53000000
2020-01-02
26470.52000000
USD
28155.58000000
USD
UST
N
N
N
Celanese Corp
549300FHJQTDPPN41627
Celanese Corp.
150870103
858.00000000
NS
USD
105636.96000000
1.702268771728
Long
EC
CORP
US
N
1
N
N
N
Allegheny Technologies Inc
ZW1LRE7C3H17O2ZN9B45
Allegheny Technologies, Inc.
01741R102
2175.00000000
NS
USD
44935.50000000
0.724105449380
Long
EC
CORP
US
N
1
N
N
N
CF Industries Holdings Inc
529900CG8YAQFZ2JMV97
CF Industries Holdings, Inc.
125269100
1885.00000000
NS
USD
89989.90000000
1.450126892528
Long
EC
CORP
US
N
1
N
N
N
Innospec Inc
213800SQBACNY5IWJO68
Innospec, Inc.
45768S105
430.00000000
NS
USD
44479.20000000
0.716752480869
Long
EC
CORP
US
N
1
N
N
N
Louisiana-Pacific Corp
549300C7E2UAO5BVRR75
Louisiana-Pacific Corp.
546347105
1703.00000000
NS
USD
50528.01000000
0.814224997771
Long
EC
CORP
US
N
1
N
N
N
Vale SA
254900SMTWBX7RU2SR20
Vale S.A.
91912E105
10086.00000000
NS
USD
133135.20000000
2.145384469392
Long
EC
CORP
BR
N
1
N
N
N
PolyOne Corp
SM8L9RZYIB34LNTWO040
PolyOne Corp.
73179P106
1210.00000000
NS
USD
44515.90000000
0.717343876758
Long
EC
CORP
US
N
1
N
N
N
Nucor Corp
549300GGJCRSI2TIEJ46
Nucor Corp.
670346105
2020.00000000
NS
USD
113685.60000000
1.831967208022
Long
EC
CORP
US
N
1
N
N
N
Martin Marietta Materials Inc
5299005MZ4WZECVATV08
Martin Marietta Materials, Inc.
573284106
417.00000000
NS
USD
116609.88000000
1.879090019241
Long
EC
CORP
US
N
1
N
N
N
Silgan Holdings Inc
KAF673KJXD92C8KSLU49
Silgan Holdings, Inc.
827048109
1667.00000000
NS
USD
51810.36000000
0.834889208095
Long
EC
CORP
US
N
1
N
N
N
Commercial Metals Co
549300OQS2LO07ZJ7N73
Commercial Metals Co.
201723103
2039.00000000
NS
USD
45408.53000000
0.731728010623
Long
EC
CORP
US
N
1
N
N
N
Dow Inc
5493003S21INSLK2IP73
Dow, Inc.
260557103
3202.00000000
NS
USD
175245.46000000
2.823963070739
Long
EC
CORP
US
N
1
N
N
N
O-I Glass Inc
N/A
O-I Glass, Inc.
67098H104
3176.00000000
NS
USD
37889.68000000
0.610566784909
Long
EC
CORP
US
N
1
N
N
N
Scotts Miracle-Gro Co/The
2TH9E0JTOUXOEGI2R879
Scotts Miracle-Gro Co.
810186106
640.00000000
NS
USD
67955.20000000
1.095052478191
Long
EC
CORP
US
N
1
N
N
N
Air Products & Chemicals Inc
7QEON6Y1RL5XR3R1W237
Air Products & Chemicals, Inc.
009158106
849.00000000
NS
USD
199506.51000000
3.214913622368
Long
EC
CORP
US
N
1
N
N
N
Balchem Corp
549300VR70OPMHUI3557
Balchem Corp.
057665200
493.00000000
NS
USD
50103.59000000
0.807385754081
Long
EC
CORP
US
N
1
N
N
N
Westlake Chemical Corp
GOXNEVUM0LL78B1OS344
Westlake Chemical Corp.
960413102
1190.00000000
NS
USD
83478.50000000
1.345200047982
Long
EC
CORP
US
N
1
N
N
N
LyondellBasell Industries NV
BN6WCCZ8OVP3ITUUVN49
LyondellBasell Industries N.V.
N/A
1623.00000000
NS
USD
153341.04000000
2.470988031238
Long
EC
CORP
US
N
1
N
N
N
Kirkland Lake Gold Ltd
N/A
Kirkland Lake Gold Ltd.
49741E100
1230.00000000
NS
USD
54206.10000000
0.873494951645
Long
EC
CORP
US
N
1
N
N
N
Westrock Co
549300JEB576INN13W07
Westrock Co.
96145D105
2145.00000000
NS
USD
92041.95000000
1.483194302202
Long
EC
CORP
US
N
1
N
N
N
IFF
BZLRL03D3GPGMOGFO832
International Flavors & Fragrances, Inc.
459506101
807.00000000
NS
USD
104119.14000000
1.677810120257
Long
EC
CORP
US
N
1
N
N
Albemarle Corp
HDBLS2Q6GV1LSKQPBS54
Albemarle Corp.
012653101
1066.00000000
NS
USD
77860.64000000
1.254672001341
Long
EC
CORP
US
N
1
N
N
N
Axalta Coating Systems Ltd
529900AGLPA40GV6H619
Axalta Coating Systems Ltd.
N/A
2432.00000000
NS
USD
73932.80000000
1.191377493695
Long
EC
CORP
US
N
1
N
N
N
Chemours Co/The
549300M1BOLNXL8DOV14
Chemours Co.
163851108
2473.00000000
NS
USD
44736.57000000
0.720899825830
Long
EC
CORP
US
N
1
N
N
N
Vulcan Materials Co
549300Q8LSNHAVWBNI21
Vulcan Materials Co.
929160109
849.00000000
NS
USD
122247.51000000
1.969936646175
Long
EC
CORP
US
N
1
N
N
N
Wheaton Precious Metals Corp
549300XSFG5ZCGVYD886
Wheaton Precious Metals Corp.
962879102
2244.00000000
NS
USD
66759.00000000
1.075776517346
Long
EC
CORP
US
N
1
N
N
N
RPM International Inc
549300TJCKW4BRXPJ474
RPM International, Inc.
749685103
1139.00000000
NS
USD
87429.64000000
1.408870019503
Long
EC
CORP
US
N
1
N
N
N
Eagle Materials Inc
529900KRXRGXL61SG039
Eagle Materials, Inc.
26969P108
590.00000000
NS
USD
53489.40000000
0.861945811754
Long
EC
CORP
US
N
1
N
N
N
Rio Tinto PLC
213800YOEO5OQ72G2R82
Rio Tinto plc
767204100
1280.00000000
NS
USD
75980.80000000
1.224379640335
Long
EC
CORP
GB
N
1
N
N
N
Kaiser Aluminum Corp
N/A
Kaiser Aluminum Corp.
483007704
323.00000000
NS
USD
35817.47000000
0.577174510354
Long
EC
CORP
US
N
1
N
N
N
Crown Holdings Inc
NYLWZIOY8PUNIT4JOE22
Crown Holdings, Inc.
228368106
1209.00000000
NS
USD
87700.86000000
1.413240547926
Long
EC
CORP
US
N
1
N
N
N
BARCLAYS CAPITAL INC.
AC28XWWI3WIBK2824319
Barclays Capital, Inc.
N/A
8900.65000000
PA
USD
8900.65000000
0.143428006098
Long
RA
CORP
US
N
2
Repurchase
Y
1.40000000
2020-01-02
9002.04000000
USD
9078.68000000
USD
UST
N
N
N
Mosaic Co/The
2YD5STGSJNMUB7H76907
Mosaic Co.
61945C103
3757.00000000
NS
USD
81301.48000000
1.310118830561
Long
EC
CORP
US
N
1
N
N
N
Reliance Steel & Aluminum Co
549300E287ZOFT3C5Z56
Reliance Steel & Aluminum Co.
759509102
647.00000000
NS
USD
77484.72000000
1.248614302627
Long
EC
CORP
US
N
1
N
N
N
Packaging Corp of America
549300XZP8MFZFY8TJ84
Packaging Corporation of America
695156109
803.00000000
NS
USD
89927.97000000
1.449128932108
Long
EC
CORP
US
N
1
N
N
N
Franco-Nevada Corp
N/A
Franco-Nevada Corp.
351858105
611.00000000
NS
USD
63116.30000000
1.017076849589
Long
EC
CORP
US
N
1
N
N
N
Corteva Inc
549300WZN9I2QKLS0O94
Corteva, Inc.
22052L104
4529.00000000
NS
USD
133877.24000000
2.157341946390
Long
EC
CORP
US
N
1
N
N
N
Alcoa Corp
549300T12EZ1F6PWWU29
Alcoa Corp.
013872106
2527.00000000
NS
USD
54355.77000000
0.875906783329
Long
EC
CORP
US
N
1
N
N
N
Olin Corp
549300GKK294V7W57P06
Olin Corp.
680665205
2627.00000000
NS
USD
45315.75000000
0.730232923140
Long
EC
CORP
US
N
1
N
N
N
Sonoco Products Co
GKOMIK4RDJGHEF0VNP11
Sonoco Products Co.
835495102
1107.00000000
NS
USD
68324.04000000
1.100996087452
Long
EC
CORP
US
N
1
N
N
N
Summit Materials Inc
N/A
Summit Materials, Inc.
86614U100
1871.00000000
NS
USD
44716.90000000
0.720582856970
Long
EC
CORP
US
N
1
N
N
N
First American Funds
N/A
First American Government Obligations Fund
N/A
243906.50000000
NS
USD
243906.50000000
3.930389687204
Long
STIV
RF
US
N
1
N
N
Barrick Gold Corp
0O4KBQCJZX82UKGCBV73
Barrick Gold Corp.
067901108
7648.00000000
NS
USD
142176.32000000
2.291076055343
Long
EC
CORP
US
N
1
N
N
N
Berry Global Group Inc
549300G6KKUMMXM8NH73
Berry Global Group, Inc.
08579W103
1459.00000000
NS
USD
69287.91000000
1.116528206144
Long
EC
CORP
US
N
1
N
N
N
Eastman Chemical Co
FDPVHDGJ1IQZFK9KH630
Eastman Chemical Co.
277432100
1133.00000000
NS
USD
89801.58000000
1.447092242013
Long
EC
CORP
US
N
1
N
N
N
Newmont Goldcorp Corp
549300VSP3RIX7FGDZ51
Newmont Goldcorp Corp.
651639106
3899.00000000
NS
USD
169411.55000000
2.729953523228
Long
EC
CORP
US
N
1
N
N
N
Amcor PLC
549300GSODGFCDQ3DI89
Amcor plc
N/A
6072.00000000
NS
USD
65820.48000000
1.060652896904
Long
EC
CORP
US
N
1
N
N
N
Freeport-McMoRan Inc
549300IRDTHJQ1PVET45
Freeport-McMoRan, Inc.
35671D857
9184.00000000
NS
USD
120494.08000000
1.941681297551
Long
EC
CORP
US
N
1
N
N
N
PPG Industries Inc
549300BKPEP01R3V6C59
PPG Industries, Inc.
693506107
1163.00000000
NS
USD
155248.87000000
2.501731432323
Long
EC
CORP
US
N
1
N
N
N
Ashland Global Holdings Inc
529900E4L9R04SB8HB11
Ashland Global Holdings, Inc.
044186104
774.00000000
NS
USD
59234.22000000
0.954519733658
Long
EC
CORP
US
N
1
N
N
N
FMC Corp
CKDHZ2X64EEBQCSP7013
FMC Corp.
302491303
1009.00000000
NS
USD
100718.38000000
1.623009153359
Long
EC
CORP
US
N
1
N
N
N
Royal Gold Inc
5493001NGRU6SFL04184
Royal Gold, Inc.
780287108
661.00000000
NS
USD
80807.25000000
1.302154645535
Long
EC
CORP
US
N
1
N
N
N
International Paper Co
824LMFJDH41EY779Q875
International Paper Co.
460146103
2551.00000000
NS
USD
117473.55000000
1.893007482126
Long
EC
CORP
US
N
1
N
N
N
Pan American Silver Corp
549300MKTF5851TYIB83
Pan American Silver Corp.
697900108
2555.00000000
NS
USD
60527.95000000
0.975367325051
Long
EC
CORP
US
N
1
N
N
N
Ingevity Corp
5493009UTFC4B5IMGF87
Ingevity Corp.
45688C107
600.00000000
NS
USD
52428.00000000
0.844842062514
Long
EC
CORP
US
N
1
N
N
N
Valvoline Inc
549300CMHPBEY6VPOT75
Valvoline, Inc.
92047W101
2554.00000000
NS
USD
54681.14000000
0.881149902690
Long
EC
CORP
US
N
1
N
N
N
Graphic Packaging Holding Co
N/A
Graphic Packaging Holding Co.
388689101
3650.00000000
NS
USD
60772.50000000
0.979308084309
Long
EC
CORP
US
N
1
N
N
N
BHP Group Ltd
WZE1WSENV6JSZFK0JC28
BHP Group Ltd.
088606108
1256.00000000
NS
USD
68715.76000000
1.107308392570
Long
EC
CORP
AU
N
1
N
N
Ecolab Inc
82DYEISM090VG8LTLS26
Ecolab, Inc.
278865100
1049.00000000
NS
USD
202446.51000000
3.262289750845
Long
EC
CORP
US
N
1
N
N
N
Nutrien Ltd
5493002QQ7GD21OWF963
Nutrien Ltd.
67077M108
1121.00000000
NS
USD
53707.11000000
0.865454062411
Long
EC
CORP
US
N
1
N
N
AptarGroup Inc
VNPEQDQFAA7IY1T2PX43
AptarGroup, Inc.
038336103
654.00000000
NS
USD
75615.48000000
1.218492753514
Long
EC
CORP
US
N
1
N
N
N
Agnico Eagle Mines Ltd
YGE0EUBRF7IJOB3QRX76
Agnico Eagle Mines Ltd.
008474108
1219.00000000
NS
USD
75102.59000000
1.210227875101
Long
EC
CORP
US
N
1
N
N
BOFA SECURITIES, INC.
549300HN4UKV1E2R3U73
BofA Securities, Inc.
N/A
8900.65000000
PA
USD
8900.65000000
0.143428006098
Long
RA
CORP
US
N
2
Repurchase
Y
1.50000000
2020-01-02
8952.19000000
USD
9078.70000000
USD
UST
N
N
N
ArcelorMittal SA
2EULGUTUI56JI9SAL165
ArcelorMittal S.A.
03938L203
2538.00000000
NS
USD
44516.52000000
0.717353867642
Long
EC
CORP
LU
N
1
N
N
N
United States Steel Corp
JNLUVFYJT1OZSIQ24U47
United States Steel Corp.
912909108
3130.00000000
NS
USD
35713.30000000
0.575495880659
Long
EC
CORP
US
N
1
N
N
Avery Dennison Corp
549300PW7VPFCYKLIV37
Avery Dennison Corp.
053611109
687.00000000
NS
USD
89873.34000000
1.448248606292
Long
EC
CORP
US
N
1
N
N
N
Element Solutions Inc
549300FLGN6P5CU20J91
Element Solutions, Inc.
28618M106
3983.00000000
NS
USD
46521.44000000
0.749661808971
Long
EC
CORP
US
N
1
N
N
N
Domtar Corp
XYSIJOU3HNVROZWNA008
Domtar Corp.
257559203
1053.00000000
NS
USD
40266.72000000
0.648871190499
Long
EC
CORP
US
N
1
N
N
N
Ball Corp
0BGI85ALH27ZJP15DY16
Ball Corp.
058498106
1983.00000000
NS
USD
128240.61000000
2.066511433786
Long
EC
CORP
US
N
1
N
N
N
Sealed Air Corp
Q0M0CZB4YN6JZ65WXI09
Sealed Air Corp.
81211K100
1690.00000000
NS
USD
67312.70000000
1.084699021542
Long
EC
CORP
US
N
1
N
N
N
Steel Dynamics Inc
549300HGGKEL4FYTTQ83
Steel Dynamics, Inc.
858119100
2175.00000000
NS
USD
74037.00000000
1.193056606820
Long
EC
CORP
US
N
1
N
N
N
Huntsman Corp
5299000V56320A7RIQ67
Huntsman Corp.
447011107
2645.00000000
NS
USD
63903.20000000
1.029757215405
Long
EC
CORP
US
N
1
N
N
N
Linde PLC
8945002PAZHZLBGKGF02
Linde plc
N/A
740.00000000
NS
USD
157546.00000000
2.538748141850
Long
EC
CORP
US
N
1
N
N
N
2020-01-30
Rydex Variable Trust
John Sullivan
John Sullivan
CFO