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        <classId>C000268285</classId>
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      <regFileNumber>811-23910</regFileNumber>
      <regCik>0001995745</regCik>
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      <regStreet1>1475 Dunwoody Drive</regStreet1>
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      <regCity>West Chester</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19380</regZipOrPostalCode>
      <regPhone>800-366-0066</regPhone>
      <seriesName>Venerable Real Estate Fund</seriesName>
      <seriesId>S000098590</seriesId>
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      <repPdEnd>2026-12-31</repPdEnd>
      <repPdDate>2026-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>232983.37</totLiabs>
      <netAssets>88119685.45</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>American Tower Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>AvalonBay Communities Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EastGroup Properties Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Equinix Inc</name>
        <lei>549300EVUN2BTLJ3GT74</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Equity LifeStyle Properties Inc</name>
        <lei>529900PEQG66LENB6798</lei>
        <title>Equity LifeStyle Properties Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Essential Properties Realty Trust Inc</name>
        <lei>2549009LXQLVYCGLZO50</lei>
        <title>Essential Properties Realty Trust Inc</title>
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          <isin value="US29670E1073"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Essex Property Trust Inc</name>
        <lei>549300TR2H2VEFX0NC60</lei>
        <title>Essex Property Trust Inc</title>
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          <isin value="US2971781057"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Industrial Realty Trust Inc</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gaming and Leisure Properties Inc</name>
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        <title>Gaming and Leisure Properties Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Global Net Lease Inc</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc</title>
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          <isin value="US3793782018"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Healthcare REIT Inc</name>
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        <title>American Healthcare REIT Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hilton Worldwide Holdings Inc</name>
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        <title>Hilton Worldwide Holdings Inc</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Host Hotels &amp; Resorts Inc</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>Host Hotels &amp; Resorts Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>InvenTrust Properties Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Invitation Homes Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Iron Mountain Inc</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kimco Realty Corp</name>
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        <title>Kimco Realty Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>LXP Industrial Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Macerich Co/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mid-America Apartment Communities Inc</name>
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        <title>Mid-America Apartment Communities Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NETSTREIT Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Outfront Media Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pebblebrook Hotel Trust</name>
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        <title>Pebblebrook Hotel Trust</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Phillips Edison &amp; Co Inc</name>
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        <title>Phillips Edison &amp; Co Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Prologis Inc</name>
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        <title>Prologis Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Public Storage</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>Public Storage</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Realty Income Corp</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>State Street Institutional US Government Money Market Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Weyerhaeuser Co</name>
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        <name>Chicago Board of Trade</name>
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    <signature>
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      <ncom:nameOfApplicant>Venerable Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>John Bruggeman</ncom:signature>
      <ncom:signerName>John Bruggeman</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
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  </formData>
</edgarSubmission>
