<SEC-DOCUMENT>0001628280-20-006140-index.html : 20200501
<SEC-HEADER>0001628280-20-006140.hdr.sgml : 20200501
<ACCEPTANCE-DATETIME>20200501164526
ACCESSION NUMBER:		0001628280-20-006140
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20200501
DATE AS OF CHANGE:		20200501
EFFECTIVENESS DATE:		20200501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Guggenheim Variable Funds Trust
		CENTRAL INDEX KEY:			0000217087
		IRS NUMBER:				480873454
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-59353
		FILM NUMBER:		20841469

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SBL FUND
		DATE OF NAME CHANGE:	19920703
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000217087
<SERIES-ID>S000010060
<SERIES-NAME>SERIES X (STYLEPLUS - SMALL GROWTH SERIES)
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000027859
<CLASS-CONTRACT-NAME>A
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>gvft512020seriesx497k.htm
<DESCRIPTION>497K
<TEXT>
Document 1 - file: gvft512020seriesx497k.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>chart-26eb3c4999af5baeaf2.jpg
<TEXT>
Document 2 - file: chart-26eb3c4999af5baeaf2.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>guggenheimlogoa58a51.jpg
<TEXT>
Document 3 - file: guggenheimlogoa58a51.jpg

</DOCUMENT>
</SEC-DOCUMENT>