# EDGAR Filing Document

**Accession Number:** 0001668512
**File Stem:** 0001752724-23-032171
**Filing Date:** 2023-2
**Character Count:** 37323
**Document Hash:** 581313ac2983b9359eb2d7fff93f77d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-032171.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-032171

**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:** 23649106

**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 International Equity VIP Fund (formerly, Guardian International Value VIP Fund) (Series ID: S000054039)

| Class ID   | Class Name                                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000169891 | Guardian International Equity VIP Fund (formerly, Guardian International Value 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 International Equity VIP Fund

- **b. EDGAR series identifier (if any):** S000054039

- **c. LEI of Series:** 549300DOP1XQXXK7FV20

**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:** $325436502.76

**Total Liabilities:** $361464.07

**Net Assets:** $325075038.69

**Cash Not Reported:** $51245.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169891 | 6.59%                | 13.64%               | -1.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3690459.82             | $22512603.71                               |
| Month 2  | $-974166.65              | $41153162.76                               |
| Month 3  | $-1590619.16             | $-3775467.64                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| On Holding AG                             | On Holding AG                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     58823 | NS      | $1009402.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd        | Hong Kong Exchanges & Clearing Ltd        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     45600 | NS      | $1970610.51   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                  | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    128525 | NS      | $3102486.30   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                            | Kingfisher PLC                            | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    492227 | NS      | $1408715.96   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                | BOC Hong Kong Holdings Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    829000 | NS      | $2818029.03   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                                | Umicore SA                                | CUSIP: 000000000<br>LEI: 529900F3AIQECS8ZSV61 | Long             | EC               | CORP              | BE        |     57898 | NS      | $2136035.56   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                  | SMC Corp                                  | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |      8300 | NS      | $3512805.58   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                | FIXED INC CLEARING CORP.REPO              | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1691792 | PA      | $1691792.50   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      9447 | NS      | $5113688.83   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG    | Chocoladefabriken Lindt & Spruengli AG    | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       207 | NS      | $2109439.56   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                       | Macquarie Group Ltd                       | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |     29620 | NS      | $3362618.09   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc        | Mitsubishi UFJ Financial Group Inc        | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   1121200 | NS      | $7563647.98   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                 | Tesco PLC                                 | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |    964500 | NS      | $2615015.32   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                              | Unilever PLC                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     99334 | NS      | $5011299.57   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Disco Corp                                | Disco Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8200 | NS      | $2357235.99   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd                             | Rio Tinto Ltd                             | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     46520 | NS      | $3666253.99   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                    | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     64257 | NS      | $6631284.13   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                              | Carrefour SA                              | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |    145288 | NS      | $2430971.27   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                           | Sony Group Corp                           | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     64400 | NS      | $4910880.40   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                          | MISUMI Group Inc                          | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |     90400 | NS      | $1981625.16   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     41015 | NS      | $5553429.02   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     85329 | NS      | $3762845.70   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                              | Iberdrola SA                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    478263 | NS      | $5594480.20   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                 | Toronto-Dominion Bank/The                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     55497 | NS      | $3593369.27   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                             | Akzo Nobel NV                             | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     43733 | NS      | $2918129.76   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC               | Reckitt Benckiser Group PLC               | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     62871 | NS      | $4373875.08   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                               | Kubota Corp                               | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    159900 | NS      | $2202676.14   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                          | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     29451 | NS      | $9255325.47   | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                     | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     25500 | NS      | $3922652.91   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     65667 | NS      | $4098615.89   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                  | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    138085 | NS      | $3825752.83   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing hc F Porsche AG                    | Dr Ing hc F Porsche AG                    | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |     19613 | NS      | $1989860.97   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      1268 | NS      | $1754679.06   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                   | GSK PLC                                   | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     76435 | NS      | $1329189.97   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA               | Cie Financiere Richemont SA               | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      9562 | NS      | $1237376.72   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                  | Bank Central Asia Tbk PT                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   2879700 | NS      | $1578795.84   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                              | DNB Bank ASA                              | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |    145305 | NS      | $2876768.91   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    149000 | NS      | $1659116.80   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                                  | Nice Ltd                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     11341 | NS      | $2180874.30   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Chemical Co Ltd                   | Sekisui Chemical Co Ltd                   | CUSIP: 000000000<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |    182800 | NS      | $2543677.96   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                 | Nestle SA                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     72180 | NS      | $8335742.17   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                              | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      9000 | NS      | $3523542.18   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                | Sandvik AB                                | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |    197634 | NS      | $3568326.61   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd               | Murata Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     45400 | NS      | $2277686.07   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                   | Vestas Wind Systems A/S                   | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |    171308 | NS      | $5004959.51   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                       | Intesa Sanpaolo SpA                       | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |   1284767 | NS      | $2866301.16   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                   | Recruit Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     53400 | NS      | $1698325.99   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     58439 | NS      | $7931070.07   | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                   | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      6393 | NS      | $1542563.10   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                           | Antofagasta PLC                           | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |    118240 | NS      | $2195143.95   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                   | SSE PLC                                   | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     92430 | NS      | $1906452.17   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                         | Toyota Motor Corp                         | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |    309700 | NS      | $4232713.07   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG               | Bayerische Motoren Werke AG               | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |     51424 | NS      | $4589856.78   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon Inc                                 | Alcon Inc                                 | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     30849 | NS      | $2118847.51   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Legrand SA                                | Legrand SA                                | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     27411 | NS      | $2207063.41   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Nabtesco Corp                             | Nabtesco Corp                             | CUSIP: 000000000<br>LEI: 529900DVHQXYRTGW7739 | Long             | EC               | CORP              | JP        |     96800 | NS      | $2480581.72   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                              | CaixaBank SA                              | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |    556623 | NS      | $2184901.99   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                            | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      4338 | NS      | $2135067.66   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA               | FinecoBank Banca Fineco SpA               | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    240355 | NS      | $4005646.17   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC                        | Burberry Group PLC                        | CUSIP: 000000000<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |    134639 | NS      | $3289907.82   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One    | Liberty Media Corp-Liberty Formula One    | CUSIP: 531229854<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16704 | NS      | $998565.12    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                   | Lululemon Athletica Inc                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      5214 | NS      | $1670461.32   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nibe Industrier AB                        | Nibe Industrier AB                        | CUSIP: 000000000<br>LEI: 549300ZQH0FIF1P0MX67 | Long             | EC               | CORP              | SE        |     87751 | NS      | $820561.17    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                    | UCB SA                                    | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     39690 | NS      | $3126174.31   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Makita Corp                               | Makita Corp                               | CUSIP: 000000000<br>LEI: 529900CDR9E94BCM6294 | Long             | EC               | CORP              | JP        |     42500 | NS      | $995086.36    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co Ltd                        | Samsung SDI Co Ltd                        | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      5378 | NS      | $2534132.08   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                               | Aalberts NV                               | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |     40584 | NS      | $1577754.80   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao               | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    479060 | NS      | $1197936.82   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp                          | Bridgestone Corp                          | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |    127700 | NS      | $4546337.32   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                  | Bayer AG                                  | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     30484 | NS      | $1573964.46   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi                                    | Sanofi                                    | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     54832 | NS      | $5305578.48   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                           | Norsk Hydro ASA                           | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |    220980 | NS      | $1655033.53   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                 | Shell PLC                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    317657 | NS      | $9037660.55   | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                | Merck KGaA                                | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |     11374 | NS      | $2202691.01   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    156200 | NS      | $1724629.91   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                | Diageo PLC                                | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     79466 | NS      | $3509161.96   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                | Siemens AG                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     42389 | NS      | $5883281.17   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA                       | CUSIP: 000000000<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     20964 | NS      | $3817462.83   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                | Haleon PLC                                | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    320298 | NS      | $1281154.44   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                               | Terumo Corp                               | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |    104300 | NS      | $2949483.67   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     24835 | NS      | $2950119.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                       | Erste Group Bank AG                       | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |    108485 | NS      | $3459326.24   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                 | KDDI Corp                                 | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |    136100 | NS      | $4113502.78   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     31551 | NS      | $2350233.99   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1067 | NS      | $902938.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                            | Prudential PLC                            | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |    230189 | NS      | $3115063.30   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                         | National Grid PLC                         | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    298402 | NS      | $3584219.41   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    555600 | NS      | $6121047.36   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     43600 | NS      | $1853096.16   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunzl PLC                                 | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |     66764 | NS      | $2228402.95   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                      | Booking Holdings Inc                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1967 | NS      | $3964055.76   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                             | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     52096 | NS      | $3563887.36   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                 | Tokio Marine Holdings Inc                 | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    125700 | NS      | $2690805.94   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     39445 | NS      | $5547522.61   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                               | Equinor ASA                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     67512 | NS      | $2421546.66   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    126465 | NS      | $3851830.67   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                | Zalando SE                                | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |     40782 | NS      | $1445764.85   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA        | Banco Bilbao Vizcaya Argentaria SA        | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    630275 | NS      | $3806089.52   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                  | Svenska Handelsbanken AB                  | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |    372637 | NS      | $3749581.07   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitbread PLC                             | Whitbread PLC                             | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |     43610 | NS      | $1356670.72   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                         | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |    826429 | NS      | $5153999.19   | 1.59%             |  |  |  | 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