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        <fairValLevel>1</fairValLevel>
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        <name>Anheuser-Busch Inbev SA/NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Relx PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASML Holding N.V.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hermes International</name>
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        <name>BNP Paribas SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rio Tinto PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Guggenheim Strategy Funds Trust</name>
        <lei>5493007THUTJ3GMETL84</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Munich Reinsurance AG</name>
        <lei>529900MUF4C20K50JS49</lei>
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          <ticker value="MURGY"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
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        <name>CHICAGO MERCANTILE EXCHANGE INC.</name>
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        <title>Euro FX Futures, Jun-2026,ETH</title>
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        <name>MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED</name>
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        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG SPONSORED ADR</title>
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        <name>Axa SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>Axa SA SPONSORED ADR</title>
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          <ticker value="AXAHY"/>
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        <name>SAP SE</name>
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        <title>SAP SE SPON ADR</title>
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        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
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        <name>Air Liquide S.A.(L')</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>Air Liquide S.A.(L') ADR</title>
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          <ticker value="AIQUY"/>
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        <name>UniCredit S.p.A.</name>
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        <name>Compagnie Financiere Richemont Sa</name>
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        <title>Compagnie Financiere Richemont Sa SPON ADR</title>
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        <title>Iberdrola, S.A. SPON ADR</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE ADR</title>
        <cusip>502441306</cusip>
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          <isin value="US5024413065"/>
          <ticker value="LVMUY"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG SPONSORED ADS</title>
        <cusip>251566105</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nestle SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle SA SPONSORED ADR</title>
        <cusip>641069406</cusip>
        <identifiers>
          <isin value="US6410694060"/>
          <ticker value="NSRGY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>London Stock Exchange Group PLC</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>London Stock Exchange Group PLC SPONSORED ADS</title>
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          <ticker value="LSEGY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABB Ltd.</name>
        <lei>5493000LKVGOO9PELI61</lei>
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          <isin value="US0003752047"/>
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        <curCd>USD</curCd>
        <valUSD>13198.72000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
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          <ticker value="AZN"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <cusip>05946K101</cusip>
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          <ticker value="BBVA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanofi SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi SA SPONSORED ADR</title>
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          <isin value="US80105N1054"/>
          <ticker value="SNY"/>
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        <balance>236.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11370.48000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC SPONSORED ADR NE</title>
        <cusip>636274409</cusip>
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          <isin value="US6362744095"/>
          <ticker value="NGG"/>
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        <balance>108.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9136.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG SPONSORED ADR</title>
        <cusip>771195104</cusip>
        <identifiers>
          <isin value="US7711951043"/>
          <ticker value="RHHBY"/>
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        <balance>588.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29229.48000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EssilorLuxottica SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>EssilorLuxottica SA UNSPONSORED ADR</title>
        <cusip>297284200</cusip>
        <identifiers>
          <isin value="US2972842007"/>
          <ticker value="ESLOY"/>
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        <balance>65.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7572.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rheinmetall AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>Rheinmetall AG UNSPONSORD ADR</title>
        <cusip>76206K107</cusip>
        <identifiers>
          <isin value="US76206K1079"/>
          <ticker value="RNMBY"/>
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        <balance>24.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8064.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Airbus SE</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>Airbus SE UNSPONSORED ADR</title>
        <cusip>009279100</cusip>
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          <ticker value="EADSY"/>
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        <curCd>USD</curCd>
        <valUSD>11576.25000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE UNSPONSORD ADR</title>
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          <ticker value="SBGSY"/>
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        <balance>301.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG SPONSORED ADR</title>
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        <identifiers>
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          <ticker value="NVS"/>
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        <curCd>USD</curCd>
        <valUSD>30244.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GSK plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK plc SPONSORED ADR</title>
        <cusip>37733W204</cusip>
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          <ticker value="GSK"/>
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        <curCd>USD</curCd>
        <valUSD>11755.47000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>EUREX CLEARING AKTIENGESELLSCHAFT</name>
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        <title>STOXX Europe 50 Index Futures(FSTX) Index Fut</title>
        <cusip>000000000</cusip>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

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        <name>Guggenheim Funds Trust</name>
        <lei>54930033G24U3UGWK691</lei>
        <title>Guggenheim Ultra Short Duration Fund</title>
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          <ticker value="GIYIX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG SPON ADS 1 ORD</title>
        <cusip>82621A203</cusip>
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          <ticker value="SMERY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE UNSPONSRD ADS</title>
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          <ticker value="ALIZY"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Safran SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>Safran SA SPON ADR</title>
        <cusip>786584102</cusip>
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          <ticker value="SAFRY"/>
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        <curCd>USD</curCd>
        <valUSD>12632.62000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC SPON ADS</title>
        <cusip>780259305</cusip>
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          <ticker value="SHEL"/>
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        <curCd>USD</curCd>
        <valUSD>27435.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBS"/>
          <other otherDesc="SEDOL" value="BRTR118"/>
        </identifiers>
        <balance>322.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12580.54000000</valUSD>
        <pctVal>0.768161795431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rolls-Royce Holdings PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>Rolls-Royce Holdings PLC SPONSORED ADR</title>
        <cusip>775781206</cusip>
        <identifiers>
          <isin value="US7757812067"/>
          <ticker value="RYCEY"/>
        </identifiers>
        <balance>876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13507.92000000</valUSD>
        <pctVal>0.824787177636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV SPONSORED ADR</title>
        <cusip>74365P108</cusip>
        <identifiers>
          <isin value="US74365P1084"/>
          <ticker value="PROSY"/>
        </identifiers>
        <balance>640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5920.00000000</valUSD>
        <pctVal>0.361472387429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel S.p.A.</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel S.p.A. UNSPONSORD ADR</title>
        <cusip>29265W207</cusip>
        <identifiers>
          <isin value="US29265W2070"/>
          <ticker value="ENLAY"/>
        </identifiers>
        <balance>811.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8823.68000000</valUSD>
        <pctVal>0.538769708701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG SPONSORED ADR</title>
        <cusip>989825104</cusip>
        <identifiers>
          <isin value="US9898251049"/>
          <ticker value="ZURVY"/>
        </identifiers>
        <balance>305.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10830.55000000</valUSD>
        <pctVal>0.661308237445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander SA ADR</title>
        <cusip>05964H105</cusip>
        <identifiers>
          <isin value="US05964H1059"/>
          <ticker value="SAN"/>
        </identifiers>
        <balance>1536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17326.08000000</valUSD>
        <pctVal>1.057922213242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC SPONSORED ADR</title>
        <cusip>055622104</cusip>
        <identifiers>
          <isin value="US0556221044"/>
          <ticker value="BP"/>
        </identifiers>
        <balance>286.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13442.00000000</valUSD>
        <pctVal>0.820762133754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>British American Tobacco PLC SPONSORED ADR</title>
        <cusip>110448107</cusip>
        <identifiers>
          <isin value="US1104481072"/>
          <ticker value="BTI"/>
        </identifiers>
        <balance>227.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13272.69000000</valUSD>
        <pctVal>0.810424145593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Series Funds</ncom:nameOfApplicant>
      <ncom:signature>James Howley</ncom:signature>
      <ncom:signerName>James Howley</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
