# EDGAR Filing Document

**Accession Number:** 0001668512
**File Stem:** 0001752724-23-032161
**Filing Date:** 2023-2
**Character Count:** 33457
**Document Hash:** 9d26a81fd938926765d423c83d0d17f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-032161.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-032161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guardian Variable Products Trust
- **CENTRAL INDEX KEY:** 0001668512
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23148
- **FILM NUMBER:** 23649098

**BUSINESS ADDRESS:**
- **STREET 1:** 10 HUDSON YARDS, 22 FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** (212)598-8000

**MAIL ADDRESS:**
- **STREET 1:** 10 HUDSON YARDS, 22 FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

## Series and Classes Contracts Data

### Guardian Small Cap Core VIP Fund (Series ID: S000061838)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000200216 | Guardian Small Cap Core VIP Fund |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guardian Variable Products Trust

- **b. Investment Company Act file number:** 811-23148

- **c. CIK number of Registrant:** 0001668512

- **d. LEI of Registrant:** 549300S9PVDT6IL3OT03

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

  - **Street Address 1:** 10 Hudson Yards

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-598-8000

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

- **a. Name of Series:** Guardian Small Cap Core VIP Fund

- **b. EDGAR series identifier (if any):** S000061838

- **c. LEI of Series:** 549300CGXHPB0PH7BX81

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $246822980.64

**Total Liabilities:** $256658.47

**Net Assets:** $246566322.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200216 | 11.96%               | 1.97%                | -6.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $217494.68               | $28257015.06                               |
| Month 2  | $2436514.84              | $2634581.42                                |
| Month 3  | $1856823.24              | $-19374221.84                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CAREMAX PIPE                      | CAREMAX PIPE                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    213620 | NS      | $779713.00    | 0.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sovos Brands Inc                  | Sovos Brands Inc                  | CUSIP: 84612U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143793 | NS      | $2066305.41   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp            | Primoris Services Corp            | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |    157472 | NS      | $3454935.68   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                          | Bank OZK                          | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    103993 | NS      | $4165959.58   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                       | Anterix Inc                       | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     56939 | NS      | $1831727.63   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| R1 RCM Inc                        | R1 RCM Inc                        | CUSIP: 77634L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    238447 | NS      | $2610994.65   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp        | FIXED INC CLEARING CORP.REPO      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   3554044 | PA      | $3554044.48   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| EnerSys                           | EnerSys                           | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     37835 | NS      | $2793736.40   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAYSTUDIOS PIPE                  | PLAYSTUDIOS PIPE                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325000 | NS      | $1261000.00   | 0.51%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Omnicell Inc                      | Omnicell Inc                      | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     30359 | NS      | $1530700.78   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                       | Avient Corp                       | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     56828 | NS      | $1918513.28   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                      | Semtech Corp                      | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     43177 | NS      | $1238748.13   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                        | Terex Corp                        | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     76100 | NS      | $3250992.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Check Corp               | Sterling Check Corp               | CUSIP: 85917T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149723 | NS      | $2316214.81   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                 | Redwood Trust Inc                 | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               |  | US        |    324958 | NS      | $2196716.08   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source Inc       | Custom Truck One Source Inc       | CUSIP: 23204X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103158 | NS      | $651958.56    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp               | WSFS Financial Corp               | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     70086 | NS      | $3177699.24   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                         | Olin Corp                         | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     67923 | NS      | $3595843.62   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                 | RLJ Lodging Trust                 | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               |  | US        |    233183 | NS      | $2469407.97   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Outdoor Inc                 | Vista Outdoor Inc                 | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |    114483 | NS      | $2789950.71   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Novocure Ltd                      | Novocure Ltd                      | CUSIP: 000000000<br>LEI: 213800YPP55UMHWA4826 | Long             | EC               | CORP              | JE        |     15767 | NS      | $1156509.45   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc    | Advanced Energy Industries Inc    | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     29292 | NS      | $2512667.76   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc            | Group 1 Automotive Inc            | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     21229 | NS      | $3829074.73   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp           | Wintrust Financial Corp           | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     43806 | NS      | $3702483.12   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSTOM TRUCK ONE SOURCE INC       | CUSTOM TRUCK ONE SOURCE INC       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    342859 | NS      | $2166868.88   | 0.88%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Syneos Health Inc                 | Syneos Health Inc                 | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |     61522 | NS      | $2256626.96   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc           | Century Communities Inc           | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     93738 | NS      | $4687837.38   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust           | Kite Realty Group Trust           | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |    206448 | NS      | $4345730.40   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco Inc                      | WesBanco Inc                      | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90826 | NS      | $3358745.48   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                    | Constellium SE                    | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    154344 | NS      | $1825889.52   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                  | Black Hills Corp                  | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     53959 | NS      | $3795476.06   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc             | ICF International Inc             | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     28194 | NS      | $2792615.70   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc             | Helmerich & Payne Inc             | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     73494 | NS      | $3643097.58   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Textainer Group Holdings Ltd      | Textainer Group Holdings Ltd      | CUSIP: 000000000<br>LEI: 529900OHEYRATAFMIT89 | Long             | EC               | CORP              | BM        |    153340 | NS      | $4755073.40   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunnova Energy International Inc  | Sunnova Energy International Inc  | CUSIP: 86745K104<br>LEI: 549300JK1Y1VVC3JU540 | Long             | EC               | CORP              | US        |    132809 | NS      | $2391890.09   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Everi Holdings Inc                | Everi Holdings Inc                | CUSIP: 30034T103<br>LEI: 5299006DK5S7BG10K532 | Long             | EC               | CORP              | US        |    177555 | NS      | $2547914.25   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Trust | Corporate Office Properties Trust | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    147034 | NS      | $3814061.96   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cara Therapeutics Inc             | Cara Therapeutics Inc             | CUSIP: 140755109<br>LEI: 549300COVOY41P0GZ881 | Long             | EC               | CORP              | US        |     75200 | NS      | $807648.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc               | Eagle Materials Inc               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     21900 | NS      | $2909415.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co                 | Crane Holdings Co                 | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     23900 | NS      | $2400755.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd              | Assured Guaranty Ltd              | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |     47505 | NS      | $2957661.30   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co      | Portland General Electric Co      | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     63104 | NS      | $3092096.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Intra-Cellular Therapies Inc      | Intra-Cellular Therapies Inc      | CUSIP: 46116X101<br>LEI: 5299002U2KGF193IJA20 | Long             | EC               | CORP              | US        |     41871 | NS      | $2215813.32   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| East Resources Acquisition Co     | East Resources Acquisition Co     | CUSIP: 274681113<br>LEI: N/A                  | N/A              | DE               |  | US        |     76065 | NS      | $13311.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GATX Corp                         | GATX Corp                         | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     26901 | NS      | $2860652.34   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc              | OneMain Holdings Inc              | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |     75300 | NS      | $2508243.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc              | Veritex Holdings Inc              | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     94525 | NS      | $2654262.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                  | NMI Holdings Inc                  | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    162694 | NS      | $3400304.60   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Group Inc                     | BRP Group Inc                     | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98585 | NS      | $2478426.90   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thoughtworks Holding Inc          | Thoughtworks Holding Inc          | CUSIP: 88546E105<br>LEI: 984500E705D15F2DF680 | Long             | EC               | CORP              | US        |    207721 | NS      | $2116676.99   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc              | Rush Enterprises Inc              | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     60160 | NS      | $3145164.80   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                 | MP Materials Corp                 | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77676 | NS      | $1885973.28   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                        | Korn Ferry                        | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     48561 | NS      | $2458157.82   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd              | Marten Transport Ltd              | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150289 | NS      | $2972716.42   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                    | Photronics Inc                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    154000 | NS      | $2591820.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp               | PotlatchDeltic Corp               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |     63900 | NS      | $2810961.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                  | HF Sinclair Corp                  | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44948 | NS      | $2332351.72   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp  | Integral Ad Science Holding Corp  | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    328757 | NS      | $2889774.03   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                        | nLight Inc                        | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154122 | NS      | $1562797.08   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp       | National Bank Holdings Corp       | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64800 | NS      | $2726136.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Playstudios Inc                   | Playstudios Inc                   | CUSIP: 72815G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10681 | NS      | $41442.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc            | Washington Federal Inc            | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109105 | NS      | $3660472.75   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc               | Bloomin' Brands Inc               | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    173000 | NS      | $3480760.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp            | Hillman Solutions Corp            | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    440275 | NS      | $3174382.75   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Financial Corp            | Oportun Financial Corp            | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |    176597 | NS      | $973049.47    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp           | Magnolia Oil & Gas Corp           | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173345 | NS      | $4064940.25   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                         | Itron Inc                         | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     58942 | NS      | $2985412.30   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc     | Ultragenyx Pharmaceutical Inc     | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     32822 | NS      | $1520643.26   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc             | Euronet Worldwide Inc             | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     39000 | NS      | $3680820.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc          | Acadia Healthcare Co Inc          | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     29605 | NS      | $2437083.60   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp                          | NCR Corp                          | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    149882 | NS      | $3508737.62   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                 | PROG Holdings Inc                 | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |    155051 | NS      | $2618811.39   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust              | LXP Industrial Trust              | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |    238378 | NS      | $2388547.56   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                  | HealthEquity Inc                  | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     59882 | NS      | $3691126.48   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                      | Cadence Bank                      | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    144769 | NS      | $3570003.54   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Television Inc               | Gray Television Inc               | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |    234416 | NS      | $2623115.04   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co              | Matador Resources Co              | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     57700 | NS      | $3302748.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Petco Health & Wellness Co Inc    | Petco Health & Wellness Co Inc    | CUSIP: 71601V105<br>LEI: 2549007TYGV6RVSE9M61 | Long             | EC               | CORP              | US        |    171356 | NS      | $1624454.88   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co              | Commercial Metals Co              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     50266 | NS      | $2427847.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                        | Rapid7 Inc                        | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     64434 | NS      | $2189467.32   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc             | Lantheus Holdings Inc             | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     52244 | NS      | $2662354.24   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Conx Corp                         | Conx Corp                         | CUSIP: 212873111<br>LEI: N/A                  | N/A              | DE               |  | US        |     42107 | NS      | $6316.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc          | Encore Capital Group Inc          | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     49466 | NS      | $2371400.04   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| WalkMe Ltd                        | WalkMe Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    187790 | NS      | $2099492.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                    | Murphy USA Inc                    | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     17479 | NS      | $4886079.66   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CommVault Systems Inc             | CommVault Systems Inc             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     72325 | NS      | $4544903.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                      | Visteon Corp                      | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     17240 | NS      | $2255509.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc              | Urban Outfitters Inc              | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |    108282 | NS      | $2582525.70   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                | CNX Resources Corp                | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    165814 | NS      | $2792307.76   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc              | Extreme Networks Inc              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    122200 | NS      | $2237482.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc                    | Utz Brands Inc                    | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    159304 | NS      | $2526561.44   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CareMax Inc                       | CareMax Inc                       | CUSIP: 14171W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81958 | NS      | $299146.70    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SMART Global Holdings Inc         | SMART Global Holdings Inc         | CUSIP: 000000000<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |    229375 | NS      | $3413100.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                        | Stride Inc                        | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     49776 | NS      | $1556993.28   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc | Maravai LifeSciences Holdings Inc | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93900 | NS      | $1343709.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** Guardian Variable Products Trust

**Signature:** John Walter

**Name of Signer:** John Walter

**Title:** Treasurer