# EDGAR Filing Document

**Accession Number:** 0002013968
**File Stem:** 0000910472-26-001695
**Filing Date:** 2026-2
**Character Count:** 46085
**Document Hash:** e19e026704d96f75741c7b74ccf1c1ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-001695.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0000910472-26-001695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Variable Funds Trust
- **CENTRAL INDEX KEY:** 0002013968

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23944
- **FILM NUMBER:** 26652567

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA MID GROWTH SERIES (Series ID: S000087636)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000253504 | NAA MID GROWTH SERIES |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** New Age Alpha Variable Funds Trust

- **b. Investment Company Act file number:** 811-23944

- **c. CIK number of Registrant:** 0002013968

- **d. LEI of Registrant:** 5299000HTJBNEG1Y8820

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

**Item A.2. Information about the Series.**

- **a. Name of Series:** NAA MID GROWTH SERIES

- **b. EDGAR series identifier (if any):** S000087636

- **c. LEI of Series:** 5299006A5GBEJ15W2X96

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $162693784.71

**Total Liabilities:** $589681.10

**Net Assets:** $162104103.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253504 | -2.07%               | 0.59%                | -0.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $36762.93                | $-3465370.96                               |
| Month 2  | $-49931.79               | $989748.25                                 |
| Month 3  | $-4368623.65             | $3939281.61                                |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abercrombie & Fitch Co                    | Abercrombie & Fitch Company Class A       | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      2669 | NS      | $335947.03    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                     | AECOM                                     | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      9812 | NS      | $935377.96    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                   | ATI, Inc.                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     20314 | NS      | $2331234.64   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                | Amgen, Inc.                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      5466 | NS      | $1789076.46   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                    | Amkor Technology, Inc.                    | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     10161 | NS      | $401156.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                             | Appfolio, Inc. CLASS A                    | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      3726 | NS      | $866853.90    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                     | BWX Technologies, Inc.                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     13990 | NS      | $2418031.60   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                               | Belden, Inc.                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      3124 | NS      | $364102.20    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                             | H&R Block, Inc.                           | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     10155 | NS      | $442554.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                   | Boyd Gaming Corporation                   | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      8823 | NS      | $752072.52    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                    | Burlington Stores, Inc.                   | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      6110 | NS      | $1764873.50   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                         | Carlyle Group, Inc. (The)                 | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     16325 | NS      | $964970.75    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corporation          | Carpenter Technology Corporation          | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      7125 | NS      | $2243235.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                      | Chart Industries, Inc.                    | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      7166 | NS      | $1477844.18   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                 | Chewy, Inc. Class A                       | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     26000 | NS      | $859300.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs, Inc.                     | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     10434 | NS      | $1187180.52   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                         | Ciena Corporation                         | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     11546 | NS      | $2700263.02   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                        | Cirrus Logic, Inc.                        | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      4934 | NS      | $584679.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                       | Clean Harbors, Inc.                       | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      4135 | NS      | $969574.80    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                               | Cognex Corporation                        | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     14535 | NS      | $522969.30    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                             | Coherent Corporation                      | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     13787 | NS      | $2544666.59   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                  | Comfort Systems USA, Inc.                 | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1484 | NS      | $1385002.36   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                    | Commvault Systems, Inc.                   | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      4325 | NS      | $542182.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                | Constellation Energy Corporation          | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      5225 | NS      | $1845835.75   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                           | Core & Main, Inc.                         | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13252 | NS      | $688706.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                 | Crocs, Inc.                               | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      3374 | NS      | $288544.48    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings, Inc.                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5009 | NS      | $2348018.84   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                | Cullen/Frost Bankers, Inc.                | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      5106 | NS      | $646572.78    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                      | Curtiss-Wright Corporation                | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      4413 | NS      | $2432754.51   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                          | DT Midstream, Inc.                        | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11940 | NS      | $1428979.20   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                | Dexcom, Inc.                              | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7610 | NS      | $505075.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                              | Docusign, Inc.                            | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     27813 | NS      | $1902409.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                          | Donaldson Company, Inc.                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     12529 | NS      | $1110821.14   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                               | Dropbox, Inc. Class A                     | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     29023 | NS      | $806839.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                              | Doximity, Inc.                            | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $1018440.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                    | Dycom Industries, Inc.                    | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      4802 | NS      | $1622595.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                             | Dynatrace, Inc.                           | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     50349 | NS      | $2182125.66   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                          | elf Beauty, Inc.                          | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      6359 | NS      | $483538.36    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials, Inc.                     | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2602 | NS      | $537781.36    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                     | East West Bancorp, Inc.                   | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     10849 | NS      | $1219319.11   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                            | EchoStar Corporation                      | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     20266 | NS      | $2202914.20   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                           | EMCOR Group, Inc.                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      1772 | NS      | $1084091.88   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation              | Encompass Health Corporation              | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     16202 | NS      | $1719680.28   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                          | Ensign Group, Inc. (The)                  | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      9206 | NS      | $1603685.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc           | Equity LifeStyle Properties, Inc. REIT    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     15517 | NS      | $940485.37    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                              | Evercore, Inc. Class A                    | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      3951 | NS      | $1344327.75   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                         | Expedia Group, Inc.                       | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      4095 | NS      | $1160154.45   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                           | First Solar, Inc.                         | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      4059 | NS      | $1060332.57   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                            | Five Below, Inc.                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      8793 | NS      | $1656249.48   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                     | Flowserve Corporation                     | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     21613 | NS      | $1499509.94   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                           | Fox Corporation Non-Voting                | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      5150 | NS      | $376310.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc         | Gaming and Leisure Properties, Inc. REIT  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     18792 | NS      | $839814.48    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation              | General Dynamics Corporation              | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      5062 | NS      | $1704172.92   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                            | Globus Medical, Inc. Class A              | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     18759 | NS      | $1637848.29   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                | Grand Canyon Education, Inc.              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      4177 | NS      | $694676.87    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                    | Guidewire Software, Inc.                  | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     12111 | NS      | $2434432.11   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                 | Halozyme Therapeutics, Inc.               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     17966 | NS      | $1209111.80   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                         | Hamilton Lane, Inc.                       | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      3489 | NS      | $468607.59    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                          | HealthEquity, Inc.                        | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     13656 | NS      | $1251026.16   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                    | Hims & Hers Health, Inc.                  | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     38457 | NS      | $1248698.79   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                       | Houlihan Lokey, Inc.                      | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      4743 | NS      | $826183.17    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                   | ITT, Inc.                                 | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     12540 | NS      | $2175815.40   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc             | Interactive Brokers Group, Inc. Class A   | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     17725 | NS      | $1139894.75   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares Russell Mid-Cap Growth ETF        | CUSIP: 464287481<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     11881 | NS      | $1626984.14   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares S&P Mid-Cap 400 Growth ETF        | CUSIP: 464287606<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     16797 | NS      | $1627293.36   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                 | Kinsale Capital Group, Inc.               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      3522 | NS      | $1377524.64   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc. | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     30269 | NS      | $2297719.79   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                 | Lamar Advertising Company Class A         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      8442 | NS      | $1068588.36   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                     | Lantheus Holdings, Inc.                   | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      6918 | NS      | $460392.90    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                     | MGIC Investment Corporation               | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     17514 | NS      | $511759.08    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                  | MKS, Inc.                                 | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      8603 | NS      | $1374759.40   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc.  | MACOM Technology Solutions Holdings, Inc. | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11614 | NS      | $1989245.92   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                  | Manhattan Associates, Inc.                | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      5896 | NS      | $1021835.76   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastec, Inc.                              | MasTec, Inc.                              | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     10435 | NS      | $2268255.95   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                     | Medpace Holdings, Inc.                    | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      3532 | NS      | $1983747.80   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                           | Morningstar, Inc.                         | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1906 | NS      | $414192.86    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                   | Mueller Industries, Inc.                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     12674 | NS      | $1454975.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                | Neurocrine Biosciences, Inc.              | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     16425 | NS      | $2329557.75   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                | New York Times Company (The) Class A      | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     24685 | NS      | $1713632.70   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                       | Newmont Corporation                       | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     17918 | NS      | $1789112.30   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc.                            | NEXTracker, Inc.                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16245 | NS      | $1415101.95   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                               | Novanta, Inc.                             | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | US        |      2655 | NS      | $315918.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                                 | Okta, Inc.                                | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     25171 | NS      | $2176536.37   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.       | Ollie's Bargain Outlet Holdings, Inc.     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      5142 | NS      | $563614.62    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.          | Omega Healthcare Investors, Inc. REIT     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     26338 | NS      | $1167826.92   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                      | Onto Innovation, Inc.                     | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      4205 | NS      | $663801.30    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation             | Paylocity Holding Corporation             | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      6965 | NS      | $1062162.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                             | Penumbra, Inc.                            | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      5893 | NS      | $1832192.63   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.          | Philip Morris International, Inc.         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11233 | NS      | $1801773.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                       | Planet Fitness, Inc. Class A              | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      8234 | NS      | $893141.98    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                           | Primerica, Inc.                           | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2928 | NS      | $756478.08    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                          | Pure Storage, Inc. CLASS A                | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     35463 | NS      | $2376375.63   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                | Qualys, Inc.                              | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      6150 | NS      | $817335.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                             | RB Global, Inc.                           | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |     22598 | NS      | $2324656.26   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                               | Rambus, Inc.                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     20165 | NS      | $1852961.85   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                        | Ralph Lauren Corporation                  | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1428 | NS      | $504955.08    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc               | Ryan Specialty Holdings, Inc.             | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12070 | NS      | $623174.10    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                        | SEI Investments Company                   | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      8736 | NS      | $716526.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                 | SLM Corporation                           | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17695 | NS      | $478826.70    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                    | SPX Technologies, Inc.                    | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8170 | NS      | $1634490.20   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                       | Shift4 Payments, Inc.                     | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7379 | NS      | $464655.63    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                | Silicon Laboratories, Inc.                | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      3017 | NS      | $394321.90    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                  | Simon Property Group, Inc. REIT           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      4984 | NS      | $922588.24    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.             | Simpson Manufacturing Company, Inc.       | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      3249 | NS      | $524616.03    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc               | Sprouts Farmers Market, Inc.              | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      6501 | NS      | $517934.67    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation              | Stifel Financial Corporation              | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      9173 | NS      | $1148643.06   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.                   | TKO Group Holdings, Inc. Class A          | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2339 | NS      | $488851.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.             | Somnigroup International, Inc.            | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     26470 | NS      | $2363241.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation              | Tenet Healthcare Corporation              | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     12051 | NS      | $2394774.72   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                            | Tetra Tech, Inc.                          | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     41418 | NS      | $1389159.72   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse, Inc.                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     10304 | NS      | $1710464.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                      | TopBuild Corporation                      | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      4520 | NS      | $1885698.80   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                    | Travel + Leisure Company                  | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      9877 | NS      | $696624.81    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                      | United Rentals, Inc.                      | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1346 | NS      | $1089344.72   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation           | United Therapeutics Corporation           | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      4605 | NS      | $2243786.25   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                               | Ventas, Inc. REIT                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      9391 | NS      | $726675.58    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                       | Vontier Corporation                       | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      9873 | NS      | $367078.14    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| W. P. Carey Inc                           | WP Carey, Inc. REIT                       | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     18828 | NS      | $1211770.08   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.             | Watts Water Technologies, Inc. Class A    | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      4277 | NS      | $1180537.54   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                              | Wingstop, Inc.                            | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      4511 | NS      | $1075828.39   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                             | Woodward, Inc.                            | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      8180 | NS      | $2472977.60   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                               | Workday, Inc. Class A                     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      3722 | NS      | $799411.16    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | BBH Overnight Sweep                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    592161 | PA      | $592161.14    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                              | Allegion plc                              | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1727 | NS      | $274972.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc             | Weatherford International plc             | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |      5056 | NS      | $395682.56    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                        | nVent Electric plc                        | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     24655 | NS      | $2514070.35   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.               | RenaissanceRe Holdings Ltd.               | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      3698 | NS      | $1039729.68   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC plc                            | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     52990 | NS      | $2361234.40   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** New Age Alpha Variable Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President