# EDGAR Filing Document

**Accession Number:** 0002013968
**File Stem:** 0000910472-26-007043
**Filing Date:** 2026-5
**Character Count:** 37701
**Document Hash:** 021044841406848baa55ce1925884b03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007043.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000910472-26-007043

**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:** 261006270

**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 GROWTH SERIES (Series ID: S000087635)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000253503 | NAA LARGE GROWTH SERIES |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH 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 — 97.5%** |  |
|  | **Communications - 18.6%** |  |
| 10140 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; $2915858 |
| 4453 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 1277388 |
| 1080 | AppLovin Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 429840 |
| 85 | Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp; 357877 |
| 292 | Expedia Group, Inc. | &nbsp;&nbsp;&nbsp; 67420 |
| 4306 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 2463592 |
| 22746 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2187028 |
| 6295 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 452799 |
|  |  | &nbsp;&nbsp; 10151802 |
|  | **Consumer Discretionary - 7.3%** |  |
| 9190 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1914001 |
| 822 | Las Vegas Sands Corporation | &nbsp;&nbsp;&nbsp; 44289 |
| 551 | Marriott International Inc, Class A | &nbsp;&nbsp;&nbsp; 180216 |
| 2313 | O'Reilly Automotive, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 213513 |
| 149 | Ralph Lauren Corporation | &nbsp;&nbsp;&nbsp; 51255 |
| 534 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; 75352 |
| 3143 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1168410 |
| 1633 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 260790 |
| 434 | Wynn Resorts Ltd. | &nbsp;&nbsp;&nbsp; 44073 |
| 356 | Yum! Brands, Inc. | &nbsp;&nbsp;&nbsp; 55351 |
|  |  | &nbsp;&nbsp; 4007250 |
|  | **Consumer Staples - 0.7%** |  |
| 2220 | Philip Morris International, Inc. | &nbsp;&nbsp;&nbsp; 367055 |
|  | **Energy - 0.1%** |  |
| 388 | First Solar, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 76537 |
|  | **Financials - 6.1%** |  |
| 957 | American Express Company | &nbsp;&nbsp;&nbsp; 289473 |
| 3296 | Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1579443 |
| 326 | Cincinnati Financial Corporation | &nbsp;&nbsp;&nbsp; 51296 |
| 4004 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 1177817 |
| 882 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 174848 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH 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 — 97.5% (Continued)** |  |
|  | **Financials - 6.1% (Continued)** |  |
| 790 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; $52361 |
|  |  | &nbsp;&nbsp; 3325238 |
|  | **Health Care - 6.4%** |  |
| 951 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 334609 |
| 829 | Dexcom, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 52061 |
| 1428 | Eli Lilly & Company | &nbsp;&nbsp;&nbsp; 1313432 |
| 447 | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp; 211538 |
| 194 | Insulet Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 40709 |
| 957 | Intuitive Surgical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 441168 |
| 3655 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 893428 |
| 223 | ResMed, Inc. | &nbsp;&nbsp;&nbsp; 50059 |
| 388 | Stryker Corporation | &nbsp;&nbsp;&nbsp; 127493 |
|  |  | &nbsp;&nbsp; 3464497 |
|  | **Industrials - 6.1%** |  |
| 4828 | Amphenol Corporation, Class A | &nbsp;&nbsp;&nbsp; 610018 |
| 140 | Axon Enterprise, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 59457 |
| 105 | Comfort Systems USA, Inc. | &nbsp;&nbsp;&nbsp; 144794 |
| 251 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 135043 |
| 126 | EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp; 93027 |
| 361 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 123902 |
| 1445 | General Electric Company | &nbsp;&nbsp;&nbsp; 410048 |
| 1087 | Howmet Aerospace, Inc. | &nbsp;&nbsp;&nbsp; 250510 |
| 1081 | Johnson Controls International plc | &nbsp;&nbsp;&nbsp; 141557 |
| 445 | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp; 244314 |
| 906 | Rollins, Inc. | &nbsp;&nbsp;&nbsp; 48389 |
| 3519 | RTX Corporation | &nbsp;&nbsp;&nbsp; 678814 |
| 331 | Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 137941 |
| 159 | TransDigm Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 184275 |
| 96 | United Rentals, Inc. | &nbsp;&nbsp;&nbsp; 69942 |
|  |  | &nbsp;&nbsp; 3332031 |
|  | **Materials - 0.6%** |  |
| 2791 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 302126 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH 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 — 97.5% (Continued)** |  |
|  | **Real Estate - 0.8%** |  |
| 355 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; $66218 |
| 1917 | Welltower, Inc. | &nbsp;&nbsp;&nbsp; 379010 |
|  |  | &nbsp;&nbsp; 445228 |
|  | **Technology - 50.5%** |  |
| 6548 | Advanced Micro Devices, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1332060 |
| 21256 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 5394560 |
| 3092 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 1056815 |
| 3955 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485595 |
| 10220 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 3163192 |
| 7879 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 611332 |
| 996 | Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 388848 |
| 42 | Fair Isaac Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 44837 |
| 1503 | Fortinet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 122825 |
| 1796 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 435332 |
| 558 | Intuit, Inc. | &nbsp;&nbsp;&nbsp; 241268 |
| 495 | KLA Corporation | &nbsp;&nbsp;&nbsp; 728843 |
| 1410 | Mastercard, Inc., Class A | &nbsp;&nbsp;&nbsp; 704521 |
| 4532 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 1531091 |
| 10186 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 3770551 |
| 183 | Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp; 200083 |
| 34051 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 5938494 |
| 1465 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 234869 |
| 354 | S&P Global, Inc. | &nbsp;&nbsp;&nbsp; 150570 |
| 2492 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260539 |
| 2371 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 716611 |
| 355 | Workday, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 46122 |
|  |  | &nbsp;&nbsp; 27558958 |
|  | **Utilities - 0.3%** |  |
| 598 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 166992 |
|  | **TOTAL COMMON STOCKS (Cost $46,969,688)** | &nbsp;&nbsp; 53197714 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH SERIES** | **NAA LARGE GROWTH 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** |
|  | **EXCHANGE-TRADED FUNDS — 2.0%** |  |
|  | **Equity - 2.0%** |  |
| 1250 | iShares Russell 1000 Growth ETF | &nbsp;&nbsp;&nbsp; $533000 |
| 4816 | iShares S&P 500 Growth ETF | &nbsp;&nbsp;&nbsp; 544738 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $1,118,411)** | &nbsp;&nbsp; 1077738 |
|  | **TOTAL INVESTMENTS - 99.5% (Cost $48,088,099)** | &nbsp;&nbsp;&nbsp; $54275452 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5%** | &nbsp;&nbsp; 252380 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $54527832 |

---

ETF - Exchange-Traded Fund

Ltd. - Limited Company

PLC - Public Limited Company

<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 GROWTH SERIES

- **b. EDGAR series identifier (if any):** S000087635

- **c. LEI of Series:** 529900NQNJCG6LD9Q546

**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:** $54799747.02

**Total Liabilities:** $271914.58

**Net Assets:** $54527832.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253503 | 0.27%                | -2.83%               | -5.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10196.27                | $168031.43                                 |
| Month 2  | $744.44                  | $-1703140.86                               |
| Month 3  | $410479.31               | $-3579043.35                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Micro Devices Inc.           | Advanced Micro Devices, Inc.                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6548 | NS      | $1332059.64   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | Alphabet, Inc. Class C                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4453 | NS      | $1277387.58   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | Alphabet, Inc. Class A                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10140 | NS      | $2915858.40   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc.                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      9190 | NS      | $1914001.30   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company              | American Express Company                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       957 | NS      | $289473.36    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                            | Amgen, Inc.                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       951 | NS      | $334609.35    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                  | Amphenol Corporation Class A                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4828 | NS      | $610017.80    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | Apple, Inc.                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     21256 | NS      | $5394560.24   | 9.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                | Applied Materials, Inc.                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      3092 | NS      | $1056814.68   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                        | AppLovin Corporation                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1080 | NS      | $429840.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                   | Arista Networks, Inc.                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      3955 | NS      | $485594.90    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                   | Axon Enterprise, Inc.                       | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       140 | NS      | $59456.60     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| W.R. Berkley Corporation              | W R Berkley Corporation                     | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |       790 | NS      | $52361.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | Berkshire Hathaway, Inc. Class B            | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3296 | NS      | $1579443.20   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                  | Booking Holdings, Inc.                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        85 | NS      | $357877.20    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                          | Broadcom, Inc.                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10220 | NS      | $3163192.20   | 5.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corporation      | Cincinnati Financial Corporation            | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |       326 | NS      | $51296.10     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | Cisco Systems, Inc.                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      7879 | NS      | $611331.61    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.              | Comfort Systems USA, Inc.                   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       105 | NS      | $144793.95    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.            | Constellation Energy Corporation            | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       598 | NS      | $166991.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc              | Crowdstrike Holdings, Inc.                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       996 | NS      | $388848.36    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                          | Cummins, Inc.                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       251 | NS      | $135043.02    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                            | Dexcom, Inc.                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       829 | NS      | $52061.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                       | EMCOR Group, Inc.                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       126 | NS      | $93027.06     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                     | Expedia Group, Inc.                         | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       292 | NS      | $67419.88     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | Meta Platforms, Inc. Class A                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      4306 | NS      | $2463591.78   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                | Fair Isaac Corporation                      | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        42 | NS      | $44836.68     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                       | First Solar, Inc.                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       388 | NS      | $76536.88     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                          | Fortinet, Inc.                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1503 | NS      | $122825.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation          | General Dynamics Corporation                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       361 | NS      | $123902.42    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                          | General Electric Company                    | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      1445 | NS      | $410047.65    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                    | HCA Healthcare, Inc.                        | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       447 | NS      | $211538.28    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                  | Howmet Aerospace, Inc.                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      1087 | NS      | $250510.02    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                   | Insulet Corporation                         | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       194 | NS      | $40708.96     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corporation | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1796 | NS      | $435332.44    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                            | Intuit, Inc.                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       558 | NS      | $241268.04    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.               | Intuitive Surgical, Inc.                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       957 | NS      | $441167.43    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | iShares S&P 500 Growth ETF                  | CUSIP: 464287309<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4816 | NS      | $544737.76    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | iShares Russell 1000 Growth ETF             | CUSIP: 464287614<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      1250 | NS      | $533000.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Company                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      4004 | NS      | $1177816.64   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                           | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3655 | NS      | $893428.20    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                             | KLA Corporation                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       495 | NS      | $728842.95    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                  | Las Vegas Sands Corporation                 | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |       822 | NS      | $44289.36     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                       | Eli Lilly & Company                         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1428 | NS      | $1313431.56   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.          | Marriott International Inc Class A          | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       551 | NS      | $180215.57    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated               | Mastercard, Inc. Class A                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1410 | NS      | $704520.60    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corporation                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     10186 | NS      | $3770551.62   | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                | Micron Technology, Inc.                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      4532 | NS      | $1531090.88   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.         | Monolithic Power Systems, Inc.              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       183 | NS      | $200083.05    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | Netflix, Inc.                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     22746 | NS      | $2187027.90   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | Newmont Corporation                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2791 | NS      | $302125.75    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA Corporation                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     34051 | NS      | $5938494.40   | 10.89%            |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.              | O'Reilly Automotive, Inc.                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2313 | NS      | $213513.03    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                | Palo Alto Networks, Inc.                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      1465 | NS      | $234868.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.      | Philip Morris International, Inc.           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2220 | NS      | $367054.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation           | Progressive Corporation (The)               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       882 | NS      | $174847.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                 | Quanta Services, Inc.                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       445 | NS      | $244313.90    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                    | Ralph Lauren Corporation                    | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       149 | NS      | $51254.51     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                             | RTX Corporation                             | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3519 | NS      | $678815.10    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                           | ResMed, Inc.                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       223 | NS      | $50059.04     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                           | Rollins, Inc.                               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |       906 | NS      | $48389.46     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                        | S&P Global, Inc.                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       354 | NS      | $150570.36    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                        | ServiceNow, Inc.                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2492 | NS      | $260538.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc              | Simon Property Group, Inc. REIT             | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       355 | NS      | $66218.15     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                   | Stryker Corporation                         | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       388 | NS      | $127492.92    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                | TJX Companies, Inc. (The)                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1633 | NS      | $260790.10    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                          | Tapestry, Inc.                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       534 | NS      | $75352.74     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                             | Tesla, Inc.                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3143 | NS      | $1168410.25   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Transdigm Group Inc.                  | TransDigm Group, Inc.                       | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       159 | NS      | $184274.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                 | Uber Technologies, Inc.                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      6295 | NS      | $452799.35    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                  | United Rentals, Inc.                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        96 | NS      | $69941.76     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | Visa, Inc. Class A                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2371 | NS      | $716611.04    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                        | Welltower, Inc. REIT                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      1917 | NS      | $379010.07    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                           | Workday, Inc. Class A                       | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       355 | NS      | $46121.60     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Limited                  | Wynn Resorts Ltd.                           | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |       434 | NS      | $44072.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                      | Yum! Brands, Inc.                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       356 | NS      | $55350.88     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BBH Overnight Sweep                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    371077 | PA      | $371076.72    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC    | Johnson Controls International plc          | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |      1081 | NS      | $141556.95    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                | Trane Technologies plc                      | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       331 | NS      | $137940.94    | 0.25%             |  |  |  | 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