NPORT-P false 0001064046 XXXXXXXX S000003714 C000010383 Rydex Variable Trust 811-08821 0001064046 549300LJH0YR8RY3N305 702 King Farm Blvd., Suite 200 Rockville 20850 301-296-5100 Energy Fund S000003714 549300U94DM6WS1H2223 2020-12-31 2020-12-31 N 6512506.66 21321.45 6491185.21 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Cimarex Energy Co 11KYOFXPU1C4CQL1CL44 171798101 1945.00000000 NS USD 72956.95000000 1.123938813016 Long EC CORP US N 1 N N N CNX Resources Corp 549300JK3KH8PWM3B226 12653C108 5110.00000000 NS USD 55188.00000000 0.850199127194 Long EC CORP US N 1 N N N World Fuel Services Corp D3W7PCXCBRQLL17DZ313 981475106 1760.00000000 NS USD 54841.60000000 0.844862659526 Long EC CORP US N 1 N N N Renewable Energy Group Inc 549300HPU3BD8ZI0X358 75972A301 816.00000000 NS USD 57789.12000000 0.890270699886 Long EC CORP US N 1 N N N Halliburton Co ENYF8GB5SMQZ25S06U51 406216101 8090.00000000 NS USD 152901.00000000 2.355517444864 Long EC CORP US N 1 N N N PDC Energy Inc 5493008W8H2T511J5Y59 69327R101 2781.00000000 NS USD 57093.93000000 0.879560945388 Long EC CORP US N 1 N N N Targa Resources Corp 5493003QENHHS261UR94 87612G101 3425.00000000 NS USD 90351.50000000 1.391910676971 Long EC CORP US N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 20825C104 6420.00000000 NS USD 256735.80000000 3.955145196049 Long EC CORP US N 1 N N N Williams Cos Inc/The D71FAKCBLFS2O0RBPG08 969457100 9200.00000000 NS USD 184460.00000000 2.841699844210 Long EC CORP US N 1 N N N Occidental Petroleum Corp. IM7X0T3ECJW4C1T7ON55 674599162 1.00000000 NS USD 6.81000000 0.000104911503 N/A DE US N 1 Occidental Petroleum Corp N/A Call Purchased N/A Occidental Petroleum 1 22.00000000 USD 2027-08-03 XXXX 6.81000000 N N N EQT Corp 4NT01YGM4X7ZX86ISY52 26884L109 5781.00000000 NS USD 73476.51000000 1.131942898298 Long EC CORP US N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 16411R208 2579.00000000 NS USD 154817.37000000 2.385040096552 Long EC CORP US N 1 N N N Phillips 66 5493005JBO5YSIGK1814 718546104 3211.00000000 NS USD 224577.34000000 3.459727811402 Long EC CORP US N 1 N N N Hess Corp UASVRYNXNK17ULIGK870 42809H107 2823.00000000 NS USD 149026.17000000 2.295823723692 Long EC CORP US N 1 N N N Cosan Ltd 6354007UNEBWHVSGS270 N/A 1110.00000000 NS USD 20457.30000000 0.315155080900 Long EC CORP US N 1 N N N ONEOK Inc 2T3D6M0JSY48PSZI1Q41 682680103 4069.00000000 NS USD 156168.22000000 2.405850625852 Long EC CORP US N 1 N N N Exxon Mobil Corp J3WHBG0MTS7O8ZVMDC91 30231G102 11966.00000000 NS USD 493238.52000000 7.598589534005 Long EC CORP US N 1 N N N Valero Energy Corp 549300XTO5VR8SKV1V74 91913Y100 3476.00000000 NS USD 196637.32000000 3.029297634229 Long EC CORP US N 1 N N N ChampionX Corp 549300EP2909K6DYYP38 15872M104 4527.00000000 NS USD 69263.10000000 1.067033180524 Long EC CORP US N 1 N N N Cabot Oil & Gas Corp FCNMH6O7VWU7LHXMK351 127097103 5823.00000000 NS USD 94798.44000000 1.460418042824 Long EC CORP US N 1 N N N Ovintiv Inc N/A 69047Q102 5160.00000000 NS USD 74097.60000000 1.141511104718 Long EC CORP US N 1 N N N Matador Resources Co 549300CI3Q2UUK5R4G79 576485205 3700.00000000 NS USD 44622.00000000 0.687424538915 Long EC CORP US N 1 N N N Schlumberger NV 213800ZUA17OK3QLGM62 806857108 9762.00000000 NS USD 213104.46000000 3.282982276822 Long EC CORP US N 1 N N N Kinder Morgan Inc 549300WR7IX8XE0TBO16 49456B101 15866.00000000 NS USD 216888.22000000 3.341273018460 Long EC CORP US N 1 N N N Royal Dutch Shell PLC 21380068P1DRHMJ8KU70 780259206 2372.00000000 NS USD 83352.08000000 1.284081062293 Long EC CORP GB N 1 N N N Tenaris SA 549300Y7C05BKC4HZB40 88031M109 1364.00000000 NS USD 21755.80000000 0.335159131902 Long EC CORP LU N 1 N N N HollyFrontier Corp 549300J3U2WK73C9ZK26 436106108 3289.00000000 NS USD 85020.65000000 1.309786229316 Long EC CORP US N 1 N N N Pembina Pipeline Corp 5493002W3L9YICM6FU21 706327103 780.00000000 NS USD 18454.80000000 0.284305552883 Long EC CORP US N 1 N N N Chevron Corp N/A 166764100 5938.00000000 NS USD 501464.10000000 7.725308765300 Long EC CORP US N 1 N N N Suncor Energy Inc 549300W70ZOQDVLCHY06 867224107 3465.00000000 NS USD 58142.70000000 0.895717779095 Long EC CORP US N 1 N N N EOG Resources Inc XWTZDRYZPBUHIQBKDB46 26875P101 4174.00000000 NS USD 208157.38000000 3.206770000635 Long EC CORP US N 1 N N N Marathon Petroleum Corp 3BNYRYQHD39K4LCKQF12 56585A102 5102.00000000 NS USD 211018.72000000 3.250850394391 Long EC CORP US N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 71654V408 11898.00000000 NS USD 133614.54000000 2.058399747925 Long EC CORP BR N 1 N N N Enbridge Inc 98TPTUM4IVMFCZBCUR27 29250N105 2180.00000000 NS USD 69738.20000000 1.074352336959 Long EC CORP US N 1 N N N NOV Inc 549300EHF3IW1AR6U008 637071101 6682.00000000 NS USD 91743.86000000 1.413360688871 Long EC CORP US N 1 N N N Diamondback Energy Inc 549300R22LSX6OHWEN64 25278X109 2256.00000000 NS USD 109190.40000000 1.682133485142 Long EC CORP US N 1 N N N Cameco Corp N4BHALMXL3GMZKCUON55 13321L108 1620.00000000 NS USD 21708.00000000 0.334422748661 Long EC CORP US N 1 N N N Continental Resources Inc/OK XXRTID9RYWOZ0UPIVR53 212015101 5956.00000000 NS USD 97082.80000000 1.495609767079 Long EC CORP US N 1 N N N Pioneer Natural Resources Co FY8JBF7CCL2VE4F1B628 723787107 1484.00000000 NS USD 169012.76000000 2.603727278334 Long EC CORP US N 1 N N N BOFA SECURITIES, INC. 549300HN4UKV1E2R3U73 N/A 11304.25000000 PA USD 11304.25000000 0.174147703913 Long RA CORP US N 2 Repurchase Y 0.06000000 2021-01-04 8520.32000000 USD 11530.36000000 USD UST N N N Apache Corp 72ZZ1XRHOOU9P9X16K08 037411105 5959.00000000 NS USD 84558.21000000 1.302662106601 Long EC CORP US N 1 N N N TC Energy Corp 549300UGKOFV2IWJJG27 87807B107 1206.00000000 NS USD 49108.32000000 0.756538573639 Long EC CORP US N 1 N N N Canadian Natural Resources Ltd 549300T15RIMIKZC5Q38 136385101 1826.00000000 NS USD 43915.30000000 0.676537467030 Long EC CORP US N 1 N N N Occidental Petroleum Corp IM7X0T3ECJW4C1T7ON55 674599105 8504.00000000 NS USD 147204.24000000 2.267755968096 Long EC CORP US N 1 N N N Concho Resources Inc SYHS7HRDXLL4I0IQ8776 20605P101 2278.00000000 NS USD 132921.30000000 2.047720034166 Long EC CORP US N 1 N N N Devon Energy Corp 54930042348RKR3ZPN35 25179M103 6153.00000000 NS USD 97278.93000000 1.498631249192 Long EC CORP US N 1 N N N Parsley Energy Inc 549300DMRA8DSL66G562 701877102 6705.00000000 NS USD 95211.00000000 1.466773738843 Long EC CORP US N 1 N N N J.P. MORGAN SECURITIES LLC ZBUT11V806EZRVTWT807 N/A 29304.56000000 PA USD 29304.56000000 0.451451607864 Long RA CORP US N 2 Repurchase Y 0.06000000 2021-01-04 27985.69000000 USD 29890.72000000 USD UST N N N Helmerich & Payne Inc 254900NAOGHJ88RZ4C73 423452101 2547.00000000 NS USD 58988.52000000 0.908748065131 Long EC CORP US N 1 N N N Baker Hughes Co N/A 05722G100 8657.00000000 NS USD 180498.45000000 2.780670157461 Long EC CORP US N 1 N N N Murphy Oil Corp QBKYQD0ODE7DC7PDIN91 626717102 4456.00000000 NS USD 53917.60000000 0.830627970943 Long EC CORP US N 1 N N N BP PLC 213800LH1BZH3DI6G760 055622104 5271.00000000 NS USD 108160.92000000 1.666273823667 Long EC CORP GB N 1 N N N Delek US Holdings Inc 5493003O53JMENV1N385 24665A103 2750.00000000 NS USD 44192.50000000 0.680807873605 Long EC CORP US N 1 N N N Equinor ASA OW6OFBNCKXC4US5C7523 29446M102 2135.00000000 NS USD 35056.70000000 0.540066241616 Long EC CORP NO N 1 N N N BARCLAYS CAPITAL INC. AC28XWWI3WIBK2824319 N/A 12208.59000000 PA USD 12208.59000000 0.188079520226 Long RA CORP US N 2 Repurchase Y 0.06000000 2021-01-04 12091.37000000 USD 12452.82000000 USD UST N N N 2021-02-01 Rydex Variable Trust John Sullivan John Sullivan CFO