# EDGAR Filing Document

**Accession Number:** 0002013968
**File Stem:** 0000910472-26-001696
**Filing Date:** 2026-2
**Character Count:** 37083
**Document Hash:** 01fefc7040ecf7f18cbbe2250338f704
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-001696.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0000910472-26-001696

**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:** 26652568

**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 LARGE CORE SERIES (Series ID: S000084965)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000249820 | NAA LARGE CORE 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 LARGE CORE SERIES

- **b. EDGAR series identifier (if any):** S000084965

- **c. LEI of Series:** 529900BXGCPGMJ25T631

**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:** $262159028.72

**Total Liabilities:** $1101949.45

**Net Assets:** $261057079.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249820 | 2.75%                | 0.67%                | -0.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $48186.76                | $7107602.87                                |
| Month 2  | $26362.37                | $1696418.54                                |
| Month 3  | $5034929.80              | $-5501579.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                | AT&T, Inc.                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    142846 | NS      | $3548294.64   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                | Allstate Corporation (The)           | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      4978 | NS      | $1036170.70   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                           | Alphabet, Inc. Class A               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     38534 | NS      | $12061142.00  | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                        | Amazon.com, Inc.                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     41994 | NS      | $9693055.08   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                | American Express Company             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      7786 | NS      | $2880430.70   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation              | American Tower Corporation           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9316 | NS      | $1635610.12   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.      | American Water Works Company, Inc.   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      3691 | NS      | $481675.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                              | Amgen, Inc.                          | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      8920 | NS      | $2919605.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                    | Amphenol Corporation Class A         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     23019 | NS      | $3110787.66   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                              | Apple, Inc.                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     64595 | NS      | $17560796.70  | 6.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.         | Automatic Data Processing, Inc.      | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      7786 | NS      | $2002792.78   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                    | Baker Hughes Company Class A         | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20569 | NS      | $936712.26    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                   | Bank of America Corporation          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     54280 | NS      | $2985400.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                 | Berkshire Hathaway, Inc. Class B     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7952 | NS      | $3997072.80   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                    | Booking Holdings, Inc.               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       544 | NS      | $2913299.52   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                            | Broadcom, Inc.                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     19076 | NS      | $6602203.60   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                         | CBRE Group, Inc.                     | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      5651 | NS      | $908624.29    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                         | Caterpillar, Inc.                    | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      5241 | NS      | $3002411.67   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc              | Chipotle Mexican Grill, Inc.         | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |     23852 | NS      | $882524.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                     | Cisco Systems, Inc.                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     38898 | NS      | $2996312.94   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                      | Cintas Corporation                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6608 | NS      | $1242766.56   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                          | Citigroup, Inc.                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     26250 | NS      | $3063112.50   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                      | Coca-Cola Company (The)              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     41634 | NS      | $2910632.94   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.              | Constellation Energy Corporation     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      6504 | NS      | $2297668.08   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.              | Cooper Companies, Inc. (The)         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      3745 | NS      | $306940.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                | Crowdstrike Holdings, Inc.           | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5469 | NS      | $2563648.44   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                       | DR Horton, Inc.                      | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      5322 | NS      | $766527.66    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                    | Delta Air Lines, Inc.                | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     12409 | NS      | $861184.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                  | Diamondback Energy, Inc.             | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3780 | NS      | $568247.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                        | Duke Energy Corporation              | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     15098 | NS      | $1769636.58   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                             | Ecolab, Inc.                         | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      4879 | NS      | $1280835.08   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                            | Exelon Corporation                   | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     19781 | NS      | $862253.79    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                       | Exxon Mobil Corporation              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     25290 | NS      | $3043398.60   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                      | Meta Platforms, Inc. Class A         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      9125 | NS      | $6023321.25   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                  | Fair Isaac Corporation               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       468 | NS      | $791210.16    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                            | Fastenal Company                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     21892 | NS      | $878525.96    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                         | First Solar, Inc.                    | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2116 | NS      | $552762.68    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                       | FirstEnergy Corporation              | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     10352 | NS      | $463459.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                        | Arthur J Gallagher & Company         | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      4855 | NS      | $1256425.45   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                            | Gartner, Inc.                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1301 | NS      | $328216.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                            | General Electric Company             | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     10104 | NS      | $3112335.12   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                  | General Motors Company               | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     17692 | NS      | $1438713.44   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                    | Gilead Sciences, Inc.                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     24131 | NS      | $2961838.94   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.               | Goldman Sachs Group, Inc. (The)      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3370 | NS      | $2962230.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| W.w. Grainger Inc.                      | WW Grainger, Inc.                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       813 | NS      | $820357.65    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.       | Hartford Insurance Group, Inc. (The) | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      5184 | NS      | $714355.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.            | Jack Henry & Associates, Inc.        | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1371 | NS      | $250180.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc           | Hilton Worldwide Holdings, Inc.      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      4227 | NS      | $1214205.75   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.            | Honeywell International, Inc.        | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     11952 | NS      | $2331715.68   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc               | Host Hotels & Resorts, Inc. REIT     | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     11891 | NS      | $210827.43    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.     | Huntington Ingalls Industries, Inc.  | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       752 | NS      | $255732.64    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                 | IDEXX Laboratories, Inc.             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1586 | NS      | $1072976.58   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                     | Insulet Corporation                  | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1413 | NS      | $401631.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                              | Intuit, Inc.                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      4413 | NS      | $2923259.46   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                      | Iron Mountain, Inc.                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      6271 | NS      | $520179.45    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                           | iShares Core S&P 500 ETF             | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3827 | NS      | $2621265.38   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Company             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12050 | NS      | $3882751.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                    | Keurig Dr Pepper, Inc.               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     27852 | NS      | $780134.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                            | Lennar Corporation Class A           | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      4454 | NS      | $457871.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                         | Eli Lilly & Company                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2854 | NS      | $3067136.72   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                | Lululemon Athletica, Inc.            | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |      1872 | NS      | $389020.32    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.            | Marriott International Inc Class A   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      4035 | NS      | $1251818.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                 | Mastercard, Inc. Class A             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5241 | NS      | $2991982.08   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                        | Merck & Company, Inc.                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     29593 | NS      | $3114959.18   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                         | Microsoft Corporation                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     32239 | NS      | $15591425.18  | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                  | Micron Technology, Inc.              | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     13066 | NS      | $3729167.06   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                          | Morgan Stanley                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     16778 | NS      | $2978598.34   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                     | Newmont Corporation                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     20425 | NS      | $2039436.25   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                            | NVIDIA Corporation                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    102154 | NS      | $19051721.00  | 7.30%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                | O'Reilly Automotive, Inc.            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     16953 | NS      | $1546283.13   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                            | Oracle Corporation                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     16609 | NS      | $3237260.19   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                         | PPL Corporation                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     14408 | NS      | $504568.16    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                  | Palo Alto Networks, Inc.             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     14400 | NS      | $2652480.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                   | Parker-Hannifin Corporation          | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      2496 | NS      | $2193884.16   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                     | Paycom Software, Inc.                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       942 | NS      | $150117.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                    | PayPal Holdings, Inc.                | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     18703 | NS      | $1091881.14   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                             | PepsiCo, Inc.                        | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     19518 | NS      | $2801223.36   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                             | Phillips 66                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      8449 | NS      | $1090258.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                | Procter & Gamble Company (The)       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     20008 | NS      | $2867346.48   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                         | PulteGroup, Inc.                     | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3860 | NS      | $452623.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                           | QUALCOMM, Inc.                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     16955 | NS      | $2900152.75   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation               | Realty Income Corporation REIT       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     17979 | NS      | $1013476.23   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                 | Republic Services, Inc.              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      3888 | NS      | $823983.84    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                          | S&P Global, Inc.                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      5684 | NS      | $2970401.56   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Spdr S and P 500 Etf Trust | SPDR S&P 500 ETF Trust               | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      3833 | NS      | $2613799.36   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                         | Salesforce, Inc.                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     11380 | NS      | $3014675.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                | Schlumberger N.V.                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     29404 | NS      | $1128525.52   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company            | Sherwin-Williams Company (The)       | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      4466 | NS      | $1447117.98   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                | Simon Property Group, Inc. REIT      | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6344 | NS      | $1174337.84   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                  | Southwest Airlines Company           | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      9527 | NS      | $393750.91    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                     | Stryker Corporation                  | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      6747 | NS      | $2371368.09   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                         | T-Mobile US, Inc.                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     11477 | NS      | $2330290.08   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                               | Tesla, Inc.                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     12414 | NS      | $5582824.08   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                 | Tyler Technologies, Inc.             | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       854 | NS      | $387673.30    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                   | Uber Technologies, Inc.              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     36896 | NS      | $3014772.16   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                    | United Rentals, Inc.                 | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1253 | NS      | $1014077.96   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                 | UnitedHealth Group, Inc.             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8894 | NS      | $2935998.34   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated     | Vertex Pharmaceuticals, Inc.         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4880 | NS      | $2212396.80   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                | Vulcan Materials Company             | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      2665 | NS      | $760111.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                             | Walmart, Inc.                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     25690 | NS      | $2862122.90   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                             | Zoetis, Inc.                         | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      8255 | NS      | $1038644.10   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                     | BBH Overnight Sweep                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1387359 | PA      | $1387359.03   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                              | Chubb Ltd.                           | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6971 | NS      | $2175788.52   | 0.83%             |  |  |  | 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