# EDGAR Filing Document

**Accession Number:** 0001668512
**File Stem:** 0001752724-23-032162
**Filing Date:** 2023-2
**Character Count:** 49021
**Document Hash:** 6d311b137f8b4a7901b4cee0cfc3ec2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-032162.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-032162

**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:** 23649097

**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 Short Duration Bond VIP Fund (Series ID: S000070435)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000223919 | Guardian Short Duration Bond 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 Short Duration Bond VIP Fund

- **b. EDGAR series identifier (if any):** S000070435

- **c. LEI of Series:** 549300CK3JXFSSAN8676

**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:** $186748116.92

**Total Liabilities:** $132564.76

**Net Assets:** $186615552.16

**Cash Not Reported:** $2194504.81

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -177.70000000 | **1-Year:** -5953.02000000 | **5-Year:** -8574.73000000 | **10-Year:** -7001.38000000 | **30-Year:** -2082.24000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -94.16000000 | **1-Year:** -1402.18000000 | **5-Year:** 4187.57000000 | **10-Year:** -445.18000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223919 | -0.72%               | 0.31%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-43340.11               | $-1194817.85                               |
| Month 2  | $-489430.73              | $1725900.09                                |
| Month 3  | $-36121.44               | $-86048.43                                 |

**Designated Index Information**

- **Index Name:** Bloomberg US Govt 1-3 Yr

- **Index Identifier:** LD24TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dryden Senior Loan Fund                                | Dryden Senior Loan Fund                                                                                                | CUSIP: 26245EAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $967400.00    | 0.52%             | 2028-04-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                               | Master Credit Card Trust                                                                                               | CUSIP: 576339CJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1380000 | PA      | $1296427.20   | 0.69%             | 2025-11-21      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| Octagon Investments Partners 36, Ltd.                  | Octagon Investment Partners 36 Ltd                                                                                     | CUSIP: 67591UAG2<br>LEI: 549300S890TBOLY1D042 | Long             | ABS-CBDO         | CORP              | KY        |   1209375 | PA      | $1148906.25   | 0.62%             | 2031-04-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1980592 | PA      | $1857937.63   | 1.00%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                 | Mitsubishi UFJ Financial Group Inc                                                                                     | CUSIP: 606822CA0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $459915.00    | 0.25%             | 2025-10-11      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                               | Federal Farm Credit Banks Funding Corp                                                                                 | CUSIP: 3133ENUD0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4000000 | PA      | $3789520.00   | 2.03%             | 2026-04-08      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                        | Long: BPKK09R19 CDS USD R V 03MEVENT SPKK09R19_PRO CCPCDX / Short: BPKK09R19 CDS USD P F  5.00000 SPKK09R19_FEE CCPCDX | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |  25500000 | OU      | $-148512.77   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                             | FIXED INC CLEARING CORP.REPO                                                                                           | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   2584617 | PA      | $2584617.03   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Note/Bond                                                                                       | CUSIP: 91282CBM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  79980000 | PA      | $75984124.02  | 40.72%            | 2024-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 3140XG4B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2742861 | PA      | $2572316.29   | 1.38%             | 2037-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                          | Synchrony Card Funding LLC                                                                                             | CUSIP: 87166PAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1252201.28   | 0.67%             | 2028-04-15      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust 2015-NXS4                                                                        | CUSIP: 94989XBC8<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |   1380000 | PA      | $1310936.92   | 0.70%             | 2048-12-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2021-HQA4                                                                                | CUSIP: 35564KNK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    613243 | PA      | $581831.32    | 0.31%             | 2041-12-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                    | COMM 2017-COR2 Mortgage Trust                                                                                          | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1101672.13   | 0.59%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Securitization Trust       | World Omni Automobile Lease Securitization Trust 2021-A                                                                | CUSIP: 98163JAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $952852.33    | 0.51%             | 2026-11-16      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                     | Vodafone Group PLC                                                                                                     | CUSIP: 92857WBH2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $493880.00    | 0.26%             | 2024-01-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                   | Bank of America Corp                                                                                                   | CUSIP: 06051GHL6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495635.00    | 0.27%             | 2024-07-23      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                    | Exeter Automobile Receivables Trust 2022-2                                                                             | CUSIP: 30166QAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1040152.98   | 0.56%             | 2025-11-17      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                           | Ares XXVIIIR CLO Ltd                                                                                                   | CUSIP: 04017QAC9<br>LEI: 635400KWVNFDFINX3H10 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1044340.00   | 0.56%             | 2030-10-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                       | Hilton USA Trust 2016-HHV                                                                                              | CUSIP: 43300LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    845000 | PA      | $765379.20    | 0.41%             | 2038-11-05      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                | Dryden 53 CLO Ltd                                                                                                      | CUSIP: 26243EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1044230.00   | 0.56%             | 2031-01-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Note/Bond                                                                                       | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $971562.50    | 0.52%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2022-HQA3                                                                                | CUSIP: 35564KE39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1101051 | PA      | $1096533.00   | 0.59%             | 2042-08-25      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                | BMW Vehicle Owner Trust 2022-A                                                                                         | CUSIP: 05602RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1070591.32   | 0.57%             | 2026-08-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                      | World Omni Auto Receivables Trust 2021-B                                                                               | CUSIP: 98163LAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1095991.85   | 0.59%             | 2027-06-15      | Fixed         | 0.69%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                            | Ally Auto Receivables Trust 2022-1                                                                                     | CUSIP: 02008JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1650000 | PA      | $1606544.45   | 0.86%             | 2026-11-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC               | Avis Budget Rental Car Funding AESOP LLC                                                                               | CUSIP: 05377RER1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $949342.97    | 0.51%             | 2028-02-20      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                              | CUSIP: 00774MAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    950000 | PA      | $940937.00    | 0.50%             | 2024-01-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                               | OHA Credit Partners XIV Ltd                                                                                            | CUSIP: 67706XAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $957600.00    | 0.51%             | 2030-01-21      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Vanguard Short-Term Inflation-Protected Securities ETF | Vanguard Short-Term Inflation-Protected Securities ETF                                                                 | CUSIP: 922020805<br>LEI: N/A                  | Long             | EC               | RF                | US        |    186300 | NS      | $8702073.00   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Vehicle Financing LLC                            | Hertz Vehicle Financing III LLC                                                                                        | CUSIP: 42806MAS8<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    960000 | PA      | $935604.20    | 0.50%             | 2025-03-25      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                        | Benefit Street Partners CLO XVI Ltd                                                                                    | CUSIP: 08181VAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1145880.00   | 0.61%             | 2032-01-17      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                       | CARLYLE US CLO 2018-2 Ltd                                                                                              | CUSIP: 14317PAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $970418.00    | 0.52%             | 2031-10-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 10YR NOTE (CBT)MAR23                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -216 | NC      | $65144.74     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                               | Charter Communications Operating LLC / Charter Communications Operating Capital                                        | CUSIP: 161175BQ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $493955.00    | 0.26%             | 2024-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                               | Benchmark 2018-B3 Mortgage Trust                                                                                       | CUSIP: 08161BBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1055919.54   | 0.57%             | 2051-04-10      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio LP                                     | Essex Portfolio LP                                                                                                     | CUSIP: 29717PAP2<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |    500000 | PA      | $482705.00    | 0.26%             | 2025-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                            | Volkswagen Auto Lease Trust 2020-A                                                                                     | CUSIP: 92868VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1474360.73   | 0.79%             | 2025-07-21      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                | Simon Property Group LP                                                                                                | CUSIP: 828807CS4<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    500000 | PA      | $485860.00    | 0.26%             | 2024-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Note/Bond                                                                                       | CUSIP: 91282CFA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4200000 | PA      | $4096640.65   | 2.20%             | 2024-07-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Target Corp                                            | Target Corp                                                                                                            | CUSIP: 87612EBD7<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490490.00    | 0.26%             | 2024-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit               | Ford Credit Auto Owner Trust 2020-REV1                                                                                 | CUSIP: 34531NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1026785.64   | 0.55%             | 2031-08-15      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                              | Anchorage Capital CLO 21 Ltd                                                                                           | CUSIP: 03331KAC3<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $951900.00    | 0.51%             | 2034-10-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWD34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1349587 | PA      | $1266032.92   | 0.68%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                              | Boeing Co/The                                                                                                          | CUSIP: 097023DE2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478415.00    | 0.26%             | 2024-02-04      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| DBUBS Mortgage Trust                                   | DBUBS 2017-BRBK Mortgage Trust                                                                                         | CUSIP: 23305JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    793000 | PA      | $746502.18    | 0.40%             | 2034-10-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 3140MHNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3066217 | PA      | $2788255.39   | 1.49%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                   | Boston Properties LP                                                                                                   | CUSIP: 10112RAZ7<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    500000 | PA      | $479505.00    | 0.26%             | 2025-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 5YR NOTE (CBT) MAR23                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       144 | NC      | $-3036.57     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                     | Energy Transfer LP                                                                                                     | CUSIP: 29278NAM5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501375.00    | 0.27%             | 2024-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                    | American Express Co                                                                                                    | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    500000 | PA      | $490305.00    | 0.26%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 3140QN3D2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2017402 | PA      | $1772806.95   | 0.95%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust                   | Toyota Auto Loan Extended Note Trust 2021-1                                                                            | CUSIP: 89237MAA7<br>LEI: 54930055QDKD6LCRW256 | Long             | ABS-O            | CORP              | US        |    975000 | PA      | $863641.28    | 0.46%             | 2034-02-27      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                           | Voya CLO 2015-3 Ltd                                                                                                    | CUSIP: 92913UAS5<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $960224.00    | 0.51%             | 2031-10-20      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                | Hyundai Auto Lease Securitization Trust 2022-B                                                                         | CUSIP: 44934LAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1175961.71   | 0.63%             | 2025-06-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                        | Aligned Data Centers Issuer LLC                                                                                        | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $766049.36    | 0.41%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                  | GM Financial Automobile Leasing Trust 2022-2                                                                           | CUSIP: 36266FAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1240000 | PA      | $1212441.01   | 0.65%             | 2025-06-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                               | Neuberger Berman Loan Advisers CLO 26 Ltd                                                                              | CUSIP: 64131QAL4<br>LEI: 549300P0MOXZPIM3AS61 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $969045.00    | 0.52%             | 2030-10-18      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust               | Ford Credit Floorplan Master Owner Trust A                                                                             | CUSIP: 34528QHQ0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $987821.03    | 0.53%             | 2027-09-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                              | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9                                                             | CUSIP: 61762DAY7<br>LEI: 549300PFVBG5704L7K74 | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $957705.45    | 0.51%             | 2046-05-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Note/Bond                                                                                       | CUSIP: 91282CFC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1569312.50   | 0.84%             | 2029-07-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| WF-RBS Commercial Mortgage Trust                       | WFRBS Commercial Mortgage Trust 2014-C19                                                                               | CUSIP: 92938VAS4<br>LEI: 549300FCX3YXSYSLU895 | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $426594.12    | 0.23%             | 2047-03-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Bill                                                                                            | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1694623.75   | 0.91%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                    | Toyota Auto Receivables 2021-A Owner Trust                                                                             | CUSIP: 89240BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1440000 | PA      | $1331254.71   | 0.71%             | 2026-06-15      | Fixed         | 0.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2021-DNA7                                                                                | CUSIP: 35564KMH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    900000 | PA      | $845317.88    | 0.45%             | 2041-11-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2970769 | PA      | $2786795.43   | 1.49%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                 | Verizon Communications Inc                                                                                             | CUSIP: 92343VEN0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484965.00    | 0.26%             | 2025-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                                 | Canyon Capital CLO 2022-1 Ltd                                                                                          | CUSIP: 13877JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1200000 | PA      | $1148504.40   | 0.62%             | 2035-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                 | Santander Drive Auto Receivables Trust 2022-3                                                                          | CUSIP: 80285UAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1177281.83   | 0.63%             | 2026-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                             | Apidos CLO XXII                                                                                                        | CUSIP: 03765XAJ5<br>LEI: 5493003SQW0Q40KVFQ19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $970479.00    | 0.52%             | 2031-04-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 2YR NOTE (CBT) MAR23                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       299 | NC      | $55854.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamestown CLO Ltd                                      | Jamestown CLO XI Ltd                                                                                                   | CUSIP: 47049QAC0<br>LEI: 549300ICXRO4NIJIWJ29 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1152360.00   | 0.62%             | 2031-07-14      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR REMIC Trust 2022-DNA1                                                                                | CUSIP: 35564KPU7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    532112 | PA      | $518297.19    | 0.28%             | 2042-01-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 31418EDJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2775212 | PA      | $2600654.87   | 1.39%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                                    | Verizon Owner Trust 2020-C                                                                                             | CUSIP: 92348CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    896322 | PA      | $879909.04    | 0.47%             | 2025-04-21      | Fixed         | 0.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                                                                                       | CUSIP: 3132DWD26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1158345 | PA      | $1052648.26   | 0.56%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                               | Warnermedia Holdings Inc                                                                                               | CUSIP: 55903VAC7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485420.00    | 0.26%             | 2024-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                  | Northrop Grumman Corp                                                                                                  | CUSIP: 666807BM3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480225.00    | 0.26%             | 2025-01-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr      | GM Financial Consumer Automobile Receivables Trust 2020-4                                                              | CUSIP: 36260KAD6<br>LEI: 549300164ZV2301BC703 | Long             | ABS-O            | CORP              | US        |   1680000 | PA      | $1568824.54   | 0.84%             | 2026-02-17      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                | CarMax Auto Owner Trust 2020-4                                                                                         | CUSIP: 14316HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $783356.31    | 0.42%             | 2026-06-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                | Canadian Natural Resources Ltd                                                                                         | CUSIP: 136385AV3<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $486600.00    | 0.26%             | 2025-02-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                    | COMM 2019-GC44 Mortgage Trust                                                                                          | CUSIP: 12655TBP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1085000 | PA      | $904857.75    | 0.48%             | 2057-08-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | United States Treasury Bill                                                                                            | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996007.08    | 0.53%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust               | AmeriCredit Automobile Receivables Trust 2020-3                                                                        | CUSIP: 03066PAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1056618.92   | 0.57%             | 2026-08-18      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                 | UnitedHealth Group Inc                                                                                                 | CUSIP: 91324PEB4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $471865.00    | 0.25%             | 2024-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                                                        | CUSIP: 31418EDE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2890953 | PA      | $2627143.88   | 1.41%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                | Honeywell International Inc                                                                                            | CUSIP: 438516BW5<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480555.00    | 0.26%             | 2024-08-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                         | Hyundai Auto Receivables Trust 2022-A                                                                                  | CUSIP: 448977AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1430000 | PA      | $1365831.15   | 0.73%             | 2026-10-15      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                      | BA Credit Card Trust                                                                                                   | CUSIP: 05522RDC9<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   1650000 | PA      | $1575361.39   | 0.84%             | 2026-05-15      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                           | Ares XXVII CLO Ltd                                                                                                     | CUSIP: 00190YBF1<br>LEI: 549300BC3E2Y44TL8536 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $964910.00    | 0.52%             | 2034-10-28      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                    | JPMorgan Chase & Co                                                                                                    | CUSIP: 46647PBZ8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494900.00    | 0.27%             | 2024-03-16      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                 | Marriott International Inc/MD                                                                                          | CUSIP: 571900BB4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489645.00    | 0.26%             | 2024-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US ULTRA BOND CBT MAR23                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -12 | NC      | $-3419.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                | Broadcom Corp / Broadcom Cayman Finance Ltd                                                                            | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    500000 | PA      | $491680.00    | 0.26%             | 2024-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                               | Public Service Enterprise Group Inc                                                                                    | CUSIP: 744573AN6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483795.00    | 0.26%             | 2024-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                    | DBGS 2018-C1 Mortgage Trust                                                                                            | CUSIP: 23307DBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1031407.31   | 0.55%             | 2051-10-15      | Variable      | 4.61%                 | No            |                  2 | 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