# EDGAR Filing Document

**Accession Number:** 0002013968
**File Stem:** 0000910472-26-007047
**Filing Date:** 2026-5
**Character Count:** 65045
**Document Hash:** 43bbe38e8728c461d7ca5789feec64b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007047.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000910472-26-007047

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**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:** 261006274

**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 |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.6%** |  |
|  | **Communications - 9.6%** |  |
| 35824 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; $10301549 |
| 117610 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 3409514 |
| 44992 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 1291720 |
| 5193 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 2971071 |
| 29975 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2156102 |
| 53589 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 2690168 |
|  |  | &nbsp;&nbsp; 22820124 |
|  | **Consumer Discretionary - 5.1%** |  |
| 29203 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6082109 |
| 4473 | DR Horton, Inc. | &nbsp;&nbsp;&nbsp; 613785 |
| 15079 | General Motors Company | &nbsp;&nbsp;&nbsp; 1123386 |
| 11939 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4438323 |
|  |  | &nbsp;&nbsp; 12257603 |
|  | **Consumer Staples - 0.3%** |  |
| 6066 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 753882 |
|  | **Energy - 9.1%** |  |
| 4466 | APA Corporation | &nbsp;&nbsp;&nbsp; 189537 |
| 16329 | Baker Hughes Company | &nbsp;&nbsp;&nbsp; 996885 |
| 19998 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 4137586 |
| 15523 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 2049036 |
| 3132 | Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp; 619478 |
| 7876 | EQT Corporation | &nbsp;&nbsp;&nbsp; 501229 |
| 2983 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 327474 |
| 32628 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 5535667 |
| 1767 | First Solar, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 348558 |
| 24744 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 829666 |
| 3674 | Marathon Petroleum Corporation | &nbsp;&nbsp;&nbsp; 897117 |
| 9168 | Occidental Petroleum Corporation | &nbsp;&nbsp;&nbsp; 595920 |
| 7940 | ONEOK, Inc. | &nbsp;&nbsp;&nbsp; 717697 |
| 6741 | Phillips 66 | &nbsp;&nbsp;&nbsp; 1228075 |
| 25014 | SLB Ltd. | &nbsp;&nbsp;&nbsp; 1285470 |
| 736 | Texas Pacific Land Corporation | &nbsp;&nbsp;&nbsp; 349276 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.6% (Continued)** |  |
|  | **Energy - 9.1% (Continued)** |  |
| 15283 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; $1112297 |
|  |  | &nbsp;&nbsp; 21720968 |
|  | **Financials - 9.4%** |  |
| 4332 | Allstate Corporation (The) | &nbsp;&nbsp;&nbsp; 898197 |
| 4238 | Arthur J Gallagher & Company | &nbsp;&nbsp;&nbsp; 917866 |
| 52312 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 2550210 |
| 7649 | Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3665400 |
| 6089 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 1984588 |
| 24808 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 2813475 |
| 3211 | Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 2716474 |
| 4626 | Hartford Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 625574 |
| 11460 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 3371075 |
| 15986 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 2630816 |
| 3915 | Synchrony Financial | &nbsp;&nbsp;&nbsp; 266298 |
|  |  | &nbsp;&nbsp; 22439973 |
|  | **Health Care - 7.5%** |  |
| 8623 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 3034003 |
| 4624 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 280446 |
| 2711 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 2493496 |
| 20814 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 2900847 |
| 1312 | IDEXX Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 737200 |
| 997 | Insulet Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 209210 |
| 28606 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 3441016 |
| 37855 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 1062968 |
| 5575 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 1831889 |
| 4296 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1918336 |
|  |  | &nbsp;&nbsp; 17909411 |
|  | **Industrials - 13.2%** |  |
| 20205 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 2552902 |
| 1015 | Boeing Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 202015 |
| 8112 | Carrier Global Corporation | &nbsp;&nbsp;&nbsp; 456787 |
| 5050 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 3577723 |
| 148 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 204091 |
| 1712 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 921090 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.6% (Continued)** |  |
|  | **Industrials - 13.2% (Continued)** |  |
| 2533 | Deere & Company | &nbsp;&nbsp;&nbsp; $1426839 |
| 10541 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 700765 |
| 19224 | Fastenal Company | &nbsp;&nbsp;&nbsp; 891994 |
| 3306 | GE Vernova, Inc. | &nbsp;&nbsp;&nbsp; 2885807 |
| 3174 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 1089380 |
| 9812 | General Electric Company | &nbsp;&nbsp;&nbsp; 2784352 |
| 10665 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 2410610 |
| 658 | Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp; 249974 |
| 6876 | Johnson Controls International plc | &nbsp;&nbsp;&nbsp; 900412 |
| 1770 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 610916 |
| 872 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 527028 |
| 1676 | Northrop Grumman Corporation | &nbsp;&nbsp;&nbsp; 1143434 |
| 2109 | Parker-Hannifin Corporation | &nbsp;&nbsp;&nbsp; 1888061 |
| 506 | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp; 277804 |
| 14259 | RTX Corporation | &nbsp;&nbsp;&nbsp; 2750561 |
| 7947 | Southwest Airlines Company | &nbsp;&nbsp;&nbsp; 298569 |
| 1927 | Stanley Black & Decker, Inc. | &nbsp;&nbsp;&nbsp; 136933 |
| 3911 | United Airlines Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360086 |
| 1048 | United Rentals, Inc. | &nbsp;&nbsp;&nbsp; 763531 |
| 2788 | Vertiv Holdings Company, Class A | &nbsp;&nbsp;&nbsp; 698617 |
| 745 | WW Grainger, Inc. | &nbsp;&nbsp;&nbsp; 812653 |
|  |  | &nbsp;&nbsp; 31522934 |
|  | **Materials - 1.4%** |  |
| 17636 | Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp; 1036644 |
| 18245 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 1975021 |
| 1694 | Steel Dynamics, Inc. | &nbsp;&nbsp;&nbsp; 304920 |
|  |  | &nbsp;&nbsp; 3316585 |
|  | **Technology - 36.3%** |  |
| 7654 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 1517711 |
| 2016 | Adobe, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490049 |
| 14267 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2902336 |
| 62924 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 15969482 |
| 6872 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 2348781 |
| 1266 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155439 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.6% (Continued)** |  |
|  | **Technology - 36.3% (Continued)** |  |
| 6898 | Block, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $415122 |
| 18985 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 5876047 |
| 366 | Ciena Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 142092 |
| 36907 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 2863614 |
| 5963 | Cognizant Technology Solutions Corporation, Class A | &nbsp;&nbsp;&nbsp; 365830 |
| 546 | Coherent Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 130063 |
| 1049 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 142633 |
| 4413 | Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1722879 |
| 5952 | Fiserv, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 332122 |
| 1229 | Gartner, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 194600 |
| 8840 | Hewlett Packard Enterprise Company | &nbsp;&nbsp;&nbsp; 210480 |
| 59215 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2613158 |
| 894 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 216697 |
| 598 | Jabil, Inc. | &nbsp;&nbsp;&nbsp; 158847 |
| 5557 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 1187309 |
| 2244 | Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp; 1121236 |
| 11561 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 3905768 |
| 31170 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 11538200 |
| 98279 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 17139858 |
| 4857 | ON Semiconductor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300745 |
| 16308 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 2399070 |
| 10664 | Palantir Technologies, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1559930 |
| 13451 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2156464 |
| 15281 | PayPal Holdings, Inc. | &nbsp;&nbsp;&nbsp; 691160 |
| 16544 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 2130536 |
| 11004 | Salesforce, Inc. | &nbsp;&nbsp;&nbsp; 2054117 |
| 1735 | Sandisk Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1102315 |
| 856 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp; 335347 |
| 1868 | Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp; 362654 |
|  |  | &nbsp;&nbsp; 86752691 |
|  | **Utilities - 5.7%** |  |
| 3230 | Alliant Energy Corporation | &nbsp;&nbsp;&nbsp; 231785 |
| 3459 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 380213 |
| 6793 | American Electric Power Company, Inc. | &nbsp;&nbsp;&nbsp; 890426 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.6% (Continued)** |  |
|  | **Utilities - 5.7% (Continued)** |  |
| 2094 | Atmos Energy Corporation | &nbsp;&nbsp;&nbsp; $386804 |
| 8207 | CenterPoint Energy, Inc. | &nbsp;&nbsp;&nbsp; 354214 |
| 3841 | CMS Energy Corporation | &nbsp;&nbsp;&nbsp; 297985 |
| 4528 | Consolidated Edison, Inc. | &nbsp;&nbsp;&nbsp; 512479 |
| 5170 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 1443723 |
| 2624 | DTE Energy Company | &nbsp;&nbsp;&nbsp; 383681 |
| 13038 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 1707195 |
| 4769 | Edison International | &nbsp;&nbsp;&nbsp; 348995 |
| 2881 | Evergy, Inc. | &nbsp;&nbsp;&nbsp; 236012 |
| 17033 | Exelon Corporation | &nbsp;&nbsp;&nbsp; 834958 |
| 8638 | FirstEnergy Corporation | &nbsp;&nbsp;&nbsp; 437601 |
| 6023 | NiSource, Inc. | &nbsp;&nbsp;&nbsp; 281033 |
| 2684 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 392240 |
| 27248 | PG&E Corporation | &nbsp;&nbsp;&nbsp; 478747 |
| 1506 | Pinnacle West Capital Corporation | &nbsp;&nbsp;&nbsp; 151730 |
| 12361 | PPL Corporation | &nbsp;&nbsp;&nbsp; 472190 |
| 6208 | Public Service Enterprise Group, Inc. | &nbsp;&nbsp;&nbsp; 502538 |
| 13729 | Southern Company (The) | &nbsp;&nbsp;&nbsp; 1325123 |
| 3940 | Vistra Corporation | &nbsp;&nbsp;&nbsp; 592300 |
| 4084 | WEC Energy Group, Inc. | &nbsp;&nbsp;&nbsp; 472805 |
| 7484 | Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp; 594529 |
|  |  | &nbsp;&nbsp; 13709306 |
|  | **TOTAL COMMON STOCKS (Cost $209,857,843)** | &nbsp;&nbsp; 233203477 |
|  | **EXCHANGE-TRADED FUNDS — 2.0%** |  |
|  | **Equity - 2.0%** |  |
| 3660 | iShares Core S&P 500 ETF | &nbsp;&nbsp;&nbsp; 2390748 |
| 3676 | State Street SPDR S&P 500 ETF Trust | &nbsp;&nbsp;&nbsp; 2390650 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $4,808,055)** | &nbsp;&nbsp; 4781398 |

---

---

| | |
|:---|:---|
| **NAA LARGE CORE SERIES** | **NAA LARGE CORE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** |
|  | **Fair Value** |
| **TOTAL INVESTMENTS - 99.6% (Cost $214,665,898)** | &nbsp;&nbsp;&nbsp; $237984875 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4%** | &nbsp;&nbsp; 895902 |
| **NET ASSETS - 100.0%** | &nbsp;&nbsp; $238880777 |

---

ETF - Exchange-Traded Fund

Ltd. - Limited Company

SPDR - Standard & Poor's Depositary Receipt

<sup>(a)</sup> Non-income producing security.

## 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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $240095413.89

**Total Liabilities:** $1214636.77

**Net Assets:** $238880777.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249820 | 0.71%                | -1.25%               | -5.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37460.55                | $1871932.07                                |
| Month 2  | $29679.87                | $-3360359.70                               |
| Month 3  | $-2039380.57             | $-11769234.40                              |

### 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        |    117610 | NS      | $3409513.90   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe, Inc.                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2016 | NS      | $490049.28    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                  | Advanced Micro Devices, Inc.                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     14267 | NS      | $2902335.81   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                   | Alliant Energy Corporation                         | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      3230 | NS      | $231784.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                     | Allstate Corporation (The)                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      4332 | NS      | $898196.88    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet, Inc. Class A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     35824 | NS      | $10301549.44  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc.                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     29203 | NS      | $6082108.81   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                 | Ameren Corporation                                 | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      3459 | NS      | $380213.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.             | American Electric Power Company, Inc.              | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      6793 | NS      | $890426.44    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | Amgen, Inc.                                        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      8623 | NS      | $3034002.55   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                         | Amphenol Corporation Class A                       | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     20205 | NS      | $2552901.75   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                    | APA Corporation                                    | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      4466 | NS      | $189537.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple, Inc.                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     62924 | NS      | $15969481.96  | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | Applied Materials, Inc.                            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      6872 | NS      | $2348780.88   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                          | Arista Networks, Inc.                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      1266 | NS      | $155439.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                           | Atmos Energy Corporation                           | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      2094 | NS      | $386803.68    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                         | Baker Hughes Company Class A                       | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16329 | NS      | $996885.45    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corporation                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     52312 | NS      | $2550210.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                      | Berkshire Hathaway, Inc. Class B                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7649 | NS      | $3665400.80   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                                   | Boeing Company (The)                               | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      1015 | NS      | $202015.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                 | Bristol-Myers Squibb Company                       | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      4624 | NS      | $280445.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom, Inc.                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     18985 | NS      | $5876047.35   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                       | CMS Energy Corporation                             | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      3841 | NS      | $297984.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation                   | Carrier Global Corporation                         | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      8112 | NS      | $456786.72    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | Caterpillar, Inc.                                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      5050 | NS      | $3577723.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                       | CenterPoint Energy, Inc.                           | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      8207 | NS      | $354214.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                          | Expand Energy Corporation                          | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2983 | NS      | $327473.74    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | Chevron Corporation                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19998 | NS      | $4137586.20   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                            | Ciena Corporation                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       366 | NS      | $142092.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems, Inc.                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     36907 | NS      | $2863614.13   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | Citigroup, Inc.                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     24808 | NS      | $2813475.28   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.         | Cognizant Technology Solutions Corporation Class A | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      5963 | NS      | $365830.05    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | Coherent Corporation                               | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |       546 | NS      | $130062.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                     | Comfort Systems USA, Inc.                          | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       148 | NS      | $204090.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | Comcast Corporation Class A                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     44992 | NS      | $1291720.32   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     15523 | NS      | $2049036.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                    | Consolidated Edison, Inc.                          | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      4528 | NS      | $512479.04    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                   | Constellation Energy Corporation                   | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      5170 | NS      | $1443722.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                         | Corning, Inc.                                      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1049 | NS      | $142632.53    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                     | Crowdstrike Holdings, Inc.                         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      4413 | NS      | $1722879.33   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                 | Cummins, Inc.                                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1712 | NS      | $921090.24    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                            | DR Horton, Inc.                                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      4473 | NS      | $613785.06    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                               | DTE Energy Company                                 | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      2624 | NS      | $383681.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | Deere & Company                                    | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2533 | NS      | $1426838.90   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                         | Delta Air Lines, Inc.                              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     10541 | NS      | $700765.68    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy, Inc.                           | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3132 | NS      | $619478.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corporation                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     13038 | NS      | $1707195.72   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                              | EQT Corporation                                    | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      7876 | NS      | $501228.64    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                         | Edison International                               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      4769 | NS      | $348995.42    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                   | Evergy, Inc.                                       | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      2881 | NS      | $236011.52    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                 | Exelon Corporation                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     17033 | NS      | $834957.66    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corporation                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     32628 | NS      | $5535666.48   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms, Inc. Class A                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5193 | NS      | $2971071.09   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                 | Fastenal Company                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     19224 | NS      | $891993.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | First Solar, Inc.                                  | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1767 | NS      | $348558.42    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                                  | Fiserv, Inc.                                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5952 | NS      | $332121.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                            | FirstEnergy Corporation                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      8638 | NS      | $437601.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                        | Freeport-McMoRan, Inc.                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     17636 | NS      | $1036644.08   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                             | Arthur J Gallagher & Company                       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      4238 | NS      | $917866.04    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                                 | Gartner, Inc.                                      | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1229 | NS      | $194599.86    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                              | GE Vernova, Inc.                                   | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      3306 | NS      | $2885807.40   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | General Dynamics Corporation                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      3174 | NS      | $1089380.28   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                 | General Electric Company                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      9812 | NS      | $2784351.24   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                       | General Motors Company                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     15079 | NS      | $1123385.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | Gilead Sciences, Inc.                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     20814 | NS      | $2900847.18   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                    | Goldman Sachs Group, Inc. (The)                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3211 | NS      | $2716473.89   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| W.w. Grainger Inc.                           | WW Grainger, Inc.                                  | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       745 | NS      | $812653.45    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.            | Hartford Insurance Group, Inc. (The)               | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      4626 | NS      | $625573.98    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.               | Hewlett Packard Enterprise Company                 | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      8840 | NS      | $210480.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | Honeywell International, Inc.                      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     10665 | NS      | $2410609.95   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.          | Huntington Ingalls Industries, Inc.                | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       658 | NS      | $249974.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc.                      | IDEXX Laboratories, Inc.                           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      1312 | NS      | $737199.68    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                          | Insulet Corporation                                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       997 | NS      | $209210.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                            | Intel Corporation                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     59215 | NS      | $2613157.95   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corporation        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       894 | NS      | $216696.66    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | iShares Core S&P 500 ETF                           | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3660 | NS      | $2390748.60   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Company                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     11460 | NS      | $3371073.60   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                    | Jabil, Inc.                                        | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       598 | NS      | $158846.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                          | Kinder Morgan, Inc.                                | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     24744 | NS      | $829666.32    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                   | L3Harris Technologies, Inc.                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1770 | NS      | $610915.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | Lam Research Corporation                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5557 | NS      | $1187308.62   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Company                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2711 | NS      | $2493496.47   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | Lockheed Martin Corporation                        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       872 | NS      | $527028.08    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                     | Marathon Petroleum Corporation                     | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      3674 | NS      | $897117.32    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | Mastercard, Inc. Class A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2244 | NS      | $1121237.04   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Company, Inc.                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     28606 | NS      | $3441015.74   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     31170 | NS      | $11538198.90  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                       | Micron Technology, Inc.                            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     11561 | NS      | $3905768.24   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                               | Morgan Stanley                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     15986 | NS      | $2630816.02   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                             | NRG Energy, Inc.                                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      2684 | NS      | $392239.76    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                          | Newmont Corporation                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     18245 | NS      | $1975021.25   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                | NiSource, Inc.                                     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |      6023 | NS      | $281033.18    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corporation                 | Northrop Grumman Corporation                       | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1676 | NS      | $1143434.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA Corporation                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     98279 | NS      | $17139857.60  | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                   | Occidental Petroleum Corporation                   | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      9168 | NS      | $595920.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON Semiconductor Corporation                       | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      4857 | NS      | $300745.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                   | ONEOK, Inc.                                        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      7940 | NS      | $717696.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corporation                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     16308 | NS      | $2399069.88   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                             | PG&E Corporation                                   | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     27248 | NS      | $478747.36    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                              | PPL Corporation                                    | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     12361 | NS      | $472190.20    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies, Inc.                        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     10664 | NS      | $1559929.92   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks, Inc.                           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     13451 | NS      | $2156464.32   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                        | Parker-Hannifin Corporation                        | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      2109 | NS      | $1888061.16   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                         | PayPal Holdings, Inc.                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     15281 | NS      | $691159.63    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | Pfizer, Inc.                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     37855 | NS      | $1062968.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                  | Phillips 66                                        | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      6741 | NS      | $1228075.38   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                  | Pinnacle West Capital Corporation                  | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      1506 | NS      | $151729.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated | Public Service Enterprise Group, Inc.              | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      6208 | NS      | $502537.60    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM, Inc.                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     16544 | NS      | $2130536.32   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                        | Quanta Services, Inc.                              | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       506 | NS      | $277804.12    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | RTX Corporation                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     14259 | NS      | $2750561.10   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Spdr S&p 500 Etf Trust          | State Street SPDR S&P 500 ETF Trust                | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      3676 | NS      | $2390649.84   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | Salesforce, Inc.                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     11004 | NS      | $2054116.68   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corporation                          | Sandisk Corp                                       | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1735 | NS      | $1102314.90   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                     | SLB Ltd.                                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     25014 | NS      | $1285469.46   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                 | Southern Company (The)                             | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     13729 | NS      | $1325123.08   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                       | Southwest Airlines Company                         | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      7947 | NS      | $298568.79    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                    | Block, Inc. due 11/19/15                           | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      6898 | NS      | $415121.64    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                 | Stanley Black & Decker, Inc.                       | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      1927 | NS      | $136932.62    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                         | Steel Dynamics, Inc.                               | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      1694 | NS      | $304920.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | Stryker Corporation                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      5575 | NS      | $1831889.25   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                          | Synchrony Financial                                | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      3915 | NS      | $266298.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                    | Tesla, Inc.                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     11939 | NS      | $4438323.25   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments, Inc.                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1868 | NS      | $362653.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation               | Texas Pacific Land Corporation                     | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       736 | NS      | $349276.16    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies, Inc.                            | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     29975 | NS      | $2156101.75   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                 | United Airlines Holdings, Inc.                     | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      3911 | NS      | $360085.77    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                         | United Rentals, Inc.                               | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1048 | NS      | $763530.88    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | Verizon Communications, Inc.                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     53589 | NS      | $2690167.80   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | Vertex Pharmaceuticals, Inc.                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4296 | NS      | $1918335.84   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Company                            | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      2788 | NS      | $698617.04    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corporation                                 | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      3940 | NS      | $592300.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                        | WEC Energy Group, Inc.                             | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      4084 | NS      | $472804.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | Walmart, Inc.                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      6066 | NS      | $753882.48    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Companies Inc. (The)                | Williams Companies, Inc. (The)                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     15283 | NS      | $1112296.74   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy, Inc.                                  | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      7484 | NS      | $594528.96    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BBH Overnight Sweep                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   1141346 | PA      | $1141346.09   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                | Accenture plc Class A                              | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      7654 | NS      | $1517711.66   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC           | Johnson Controls International plc                 | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |      6876 | NS      | $900412.20    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC              | Seagate Technology Holdings plc (Ireland)          | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |       856 | NS      | $335346.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd. Switzerland                       | Chubb Ltd.                                         | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6089 | NS      | $1984587.77   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

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

**Signature:** Keith D. Kemp

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

**Title:** President