# EDGAR Filing Document

**Accession Number:** 0002013968
**File Stem:** 0000910472-26-007048
**Filing Date:** 2026-5
**Character Count:** 48395
**Document Hash:** 2d8bf362097cf08592f7d64ebc7e83ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007048.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000910472-26-007048

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Variable Funds Trust
- **CENTRAL INDEX KEY:** 0002013968

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23944
- **FILM NUMBER:** 261006275

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA LARGE CAP VALUE SERIES (Series ID: S000087634)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000253502 | NAA LARGE CAP VALUE SERIES |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **Communications - 4.6%** |  |
| 71653 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; $2077221 |
| 12041 | GoDaddy, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 995429 |
| 21928 | Match Group, Inc. | &nbsp;&nbsp;&nbsp; 673409 |
| 19714 | Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp; 1484661 |
| 8636 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 1813820 |
| 15801 | Walt Disney Company (The) | &nbsp;&nbsp;&nbsp; 1522900 |
|  |  | &nbsp;&nbsp; 8567440 |
|  | **Consumer Discretionary - 9.2%** |  |
| 31540 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6568836 |
| 125926 | Ford Motor Company | &nbsp;&nbsp;&nbsp; 1453186 |
| 6869 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 2259145 |
| 18050 | MGM Resorts International<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 668031 |
| 20184 | Starbucks Corporation | &nbsp;&nbsp;&nbsp; 1808284 |
| 7353 | Tesla, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2733478 |
| 10977 | TJX Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 1753027 |
|  |  | &nbsp;&nbsp; 17243987 |
|  | **Consumer Staples - 10.2%** |  |
| 29135 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 1922619 |
| 24636 | Coca-Cola Company (The) | &nbsp;&nbsp;&nbsp; 1873568 |
| 21208 | Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp; 1807558 |
| 3054 | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; 3043097 |
| 12634 | Dollar Tree, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1383549 |
| 20777 | McCormick & Company, Inc. | &nbsp;&nbsp;&nbsp; 1047992 |
| 31683 | Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp; 1826208 |
| 16118 | Procter & Gamble Company (The) | &nbsp;&nbsp;&nbsp; 2328084 |
| 30219 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 3755617 |
|  |  | &nbsp;&nbsp; 18988292 |
|  | **Energy - 7.7%** |  |
| 36972 | Baker Hughes Company | &nbsp;&nbsp;&nbsp; 2257140 |
| 11777 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 2436661 |
| 18240 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 2407680 |
| 29097 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 4936598 |
| 43792 | SLB Ltd. | &nbsp;&nbsp;&nbsp; 2250471 |
|  |  | &nbsp;&nbsp; 14288550 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **Financials - 13.8%** |  |
| 17263 | Arch Capital Group Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1657075 |
| 9829 | Ares Management Corporation, Class A | &nbsp;&nbsp;&nbsp; 1072344 |
| 46349 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 2259514 |
| 5529 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 1802067 |
| 15696 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 1780083 |
| 6944 | Coinbase Global, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1212492 |
| 3522 | Everest Group Ltd. | &nbsp;&nbsp;&nbsp; 1151166 |
| 27043 | Franklin Resources, Inc. | &nbsp;&nbsp;&nbsp; 638756 |
| 1970 | Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1666600 |
| 5576 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 1640236 |
| 9814 | Morgan Stanley | &nbsp;&nbsp;&nbsp; 1615090 |
| 10252 | Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp; 1484386 |
| 15661 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 1411683 |
| 5813 | Travelers Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 1695536 |
| 33668 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 1547718 |
| 31842 | US Bancorp | &nbsp;&nbsp;&nbsp; 1656102 |
| 18996 | Wells Fargo & Company | &nbsp;&nbsp;&nbsp; 1512272 |
|  |  | &nbsp;&nbsp; 25803120 |
|  | **Health Care - 12.4%** |  |
| 5161 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 1815898 |
| 14260 | Bio-Techne Corporation | &nbsp;&nbsp;&nbsp; 745228 |
| 8428 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 1780920 |
| 4963 | Cencora, Inc. | &nbsp;&nbsp;&nbsp; 1559077 |
| 40623 | Centene Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1329997 |
| 22163 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 1591747 |
| 17115 | Dexcom, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1074822 |
| 4933 | Elevance Health, Inc. | &nbsp;&nbsp;&nbsp; 1444136 |
| 14021 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1954107 |
| 6346 | Humana, Inc. | &nbsp;&nbsp;&nbsp; 1100333 |
| 7499 | IQVIA Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1278879 |
| 8329 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 2035941 |
| 17683 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 2127087 |
| 6261 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 1694164 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **Health Care - 12.4% (Continued)** |  |
| 13698 | Zoetis, Inc. | &nbsp;&nbsp;&nbsp; $1619241 |
|  |  | &nbsp;&nbsp; 23151577 |
|  | **Industrials - 8.2%** |  |
| 3603 | Deere & Company | &nbsp;&nbsp;&nbsp; 2029570 |
| 23940 | Delta Air Lines, Inc. | &nbsp;&nbsp;&nbsp; 1591531 |
| 4953 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 1699969 |
| 5954 | General Electric Company | &nbsp;&nbsp;&nbsp; 1689567 |
| 14056 | Johnson Controls International plc | &nbsp;&nbsp;&nbsp; 1840633 |
| 6027 | L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp; 2080219 |
| 42767 | Southwest Airlines Company | &nbsp;&nbsp;&nbsp; 1606756 |
| 15014 | Textron, Inc. | &nbsp;&nbsp;&nbsp; 1314626 |
| 12098 | Xylem Inc | &nbsp;&nbsp;&nbsp; 1445711 |
|  |  | &nbsp;&nbsp; 15298582 |
|  | **Materials - 3.0%** |  |
| 6467 | Ecolab, Inc. | &nbsp;&nbsp;&nbsp; 1720351 |
| 35472 | Freeport-McMoRan, Inc. | &nbsp;&nbsp;&nbsp; 2085044 |
| 22327 | LyondellBasell Industries N.V., A | &nbsp;&nbsp;&nbsp; 1798664 |
|  |  | &nbsp;&nbsp; 5604059 |
|  | **Real Estate - 3.5%** |  |
| 9611 | American Tower Corporation, Class A | &nbsp;&nbsp;&nbsp; 1658666 |
| 11326 | Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 2041058 |
| 12482 | Extra Space Storage, Inc. | &nbsp;&nbsp;&nbsp; 1636765 |
| 47803 | Invitation Homes, Inc. | &nbsp;&nbsp;&nbsp; 1187905 |
|  |  | &nbsp;&nbsp; 6524394 |
|  | **Technology - 18.7%** |  |
| 12487 | Akamai Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1434132 |
| 50949 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 12930346 |
| 6508 | Automatic Data Processing, Inc. | &nbsp;&nbsp;&nbsp; 1322295 |
| 7173 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;&nbsp; 1165469 |
| 5290 | Cadence Design Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1469932 |
| 22887 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 1775802 |
| 19897 | Cognizant Technology Solutions Corporation, Class A | &nbsp;&nbsp;&nbsp; 1220681 |
| 25377 | CoStar Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1023708 |
| 3229 | FactSet Research Systems, Inc. | &nbsp;&nbsp;&nbsp; 700661 |

---

---

| | | |
|:---|:---|:---|
| **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** | **NAA LARGE CAP VALUE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **Technology - 18.7% (Continued)** |  |
| 925 | Fair Isaac Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $987475 |
| 48443 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2137789 |
| 5720 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1386471 |
| 9013 | Leidos Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1401701 |
| 14709 | NetApp, Inc. | &nbsp;&nbsp;&nbsp; 1506055 |
| 27991 | PayPal Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1266033 |
| 10133 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 1304928 |
| 10885 | ServiceNow, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1138027 |
| 7614 | Workday, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 989211 |
|  |  | &nbsp;&nbsp; 35160716 |
|  | **Utilities - 6.8%** |  |
| 16683 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 1833795 |
| 12228 | American Water Works Company, Inc. | &nbsp;&nbsp;&nbsp; 1664109 |
| 14629 | Duke Energy Corporation | &nbsp;&nbsp;&nbsp; 1915521 |
| 20428 | Evergy, Inc. | &nbsp;&nbsp;&nbsp; 1673462 |
| 37771 | Exelon Corporation | &nbsp;&nbsp;&nbsp; 1851534 |
| 36610 | FirstEnergy Corporation | &nbsp;&nbsp;&nbsp; 1854663 |
| 47715 | PPL Corporation | &nbsp;&nbsp;&nbsp; 1822713 |
|  |  | &nbsp;&nbsp; 12615797 |
|  | **TOTAL COMMON STOCKS (Cost $174,867,968)** | &nbsp;&nbsp; 183246514 |
|  | **EXCHANGE-TRADED FUNDS — 1.4%** |  |
|  | **Equity - 1.4%** |  |
| 5739 | iShares Russell 1000 Value ETF | &nbsp;&nbsp;&nbsp; 1226252 |
| 6446 | iShares S&P 500 Value ETF | &nbsp;&nbsp;&nbsp; 1361073 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $2,660,412)** | &nbsp;&nbsp; 2587325 |
|  | **TOTAL INVESTMENTS - 99.5% (Cost $177,528,380)** | &nbsp;&nbsp;&nbsp; $185833839 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5%** | &nbsp;&nbsp; 855069 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $186688908 |

---

---

| |
|:---|
| **NAA LARGE CAP VALUE SERIES** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** |

---

ETF – Exchange-Traded Fund

Ltd. – Limited Company

N.V. – Naamioze Vennootschap

PLC – Public Limited Company

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New Age Alpha Variable Funds Trust

- **b. Investment Company Act file number:** 811-23944

- **c. CIK number of Registrant:** 0002013968

- **d. LEI of Registrant:** 5299000HTJBNEG1Y8820

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

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

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

- **a. Name of Series:** NAA LARGE CAP VALUE SERIES

- **b. EDGAR series identifier (if any):** S000087634

- **c. LEI of Series:** 5299008N72YO91JAJD89

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

- **a. Date of fiscal year-end:** 2026-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $187411040.33

**Total Liabilities:** $722132.49

**Net Assets:** $186688907.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253502 | 1.81%                | 1.47%                | -4.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $105900.73               | $3403694.45                                |
| Month 2  | $100034.46               | $2697898.57                                |
| Month 3  | $363422.06               | $-10440115.26                              |

### Schedule of Portfolio Investments

| Name                                  | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                              | AT&T, Inc.                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     71653 | NS      | $2077220.47   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.             | Akamai Technologies, Inc.                          | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     12487 | NS      | $1434131.95   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                    | Altria Group, Inc.                                 | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     29135 | NS      | $1922618.65   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc.                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     31540 | NS      | $6568835.80   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                          | Ameren Corporation                                 | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     16683 | NS      | $1833795.36   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation            | American Tower Corporation                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9611 | NS      | $1658666.38   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.    | American Water Works Company, Inc.                 | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     12228 | NS      | $1664108.52   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                           | Cencora, Inc.                                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4963 | NS      | $1559076.82   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                            | Amgen, Inc.                                        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      5161 | NS      | $1815897.85   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                  | Elevance Health, Inc.                              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      4933 | NS      | $1444135.75   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | Apple, Inc.                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     50949 | NS      | $12930346.71  | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation           | Ares Management Corporation Class A                | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      9829 | NS      | $1072343.90   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.       | Automatic Data Processing, Inc.                    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      6508 | NS      | $1322295.44   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                  | Baker Hughes Company Class A                       | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36972 | NS      | $2257140.60   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | Bank of America Corporation                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     46349 | NS      | $2259513.75   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                       | Bio-Techne Corporation                             | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     14260 | NS      | $745227.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.   | Broadridge Financial Solutions, Inc.               | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      7173 | NS      | $1165469.04   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corporation                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     22163 | NS      | $1591746.66   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.          | Cadence Design Systems, Inc.                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5290 | NS      | $1469932.30   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | Cardinal Health, Inc.                              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      8428 | NS      | $1780920.68   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                         | Centene Corporation                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     40623 | NS      | $1329997.02   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                         | Chevron Corporation                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11777 | NS      | $2436661.30   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | Cisco Systems, Inc.                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     22887 | NS      | $1775802.33   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                        | Citigroup, Inc.                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     15696 | NS      | $1780083.36   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                    | Coca-Cola Company (The)                            | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     24636 | NS      | $1873567.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.  | Cognizant Technology Solutions Corporation Class A | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     19897 | NS      | $1220680.95   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                   | Coinbase Global, Inc.                              | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      6944 | NS      | $1212491.84   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                 | Colgate-Palmolive Company                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     21208 | NS      | $1807557.84   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                        | ConocoPhillips                                     | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     18240 | NS      | $2407680.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation          | Costco Wholesale Corporation                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3054 | NS      | $3043097.22   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Costar Group Inc                      | CoStar Group, Inc.                                 | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     25377 | NS      | $1023708.18   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                       | Deere & Company                                    | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      3603 | NS      | $2029569.90   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                  | Delta Air Lines, Inc.                              | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     23940 | NS      | $1591531.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                            | Dexcom, Inc.                                       | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     17115 | NS      | $1074822.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.             | Digital Realty Trust, Inc. REIT                    | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     11326 | NS      | $2041058.46   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                   | Walt Disney Company (The)                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     15801 | NS      | $1522900.38   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                       | Dollar Tree, Inc.                                  | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     12634 | NS      | $1383549.34   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                      | Duke Energy Corporation                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     14629 | NS      | $1915521.26   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                           | Ecolab, Inc.                                       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      6467 | NS      | $1720351.34   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                            | Evergy, Inc.                                       | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     20428 | NS      | $1673461.76   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                          | Exelon Corporation                                 | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     37771 | NS      | $1851534.42   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc.              | Extra Space Storage, Inc. REIT                     | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |     12482 | NS      | $1636764.66   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | Exxon Mobil Corporation                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     29097 | NS      | $4936597.02   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.         | FactSet Research Systems, Inc.                     | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      3229 | NS      | $700660.71    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                | Fair Isaac Corporation                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       925 | NS      | $987474.50    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                     | FirstEnergy Corporation                            | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     36610 | NS      | $1854662.60   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                    | Ford Motor Company                                 | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    125926 | NS      | $1453186.04   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc.               | Franklin Resources, Inc.                           | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     27043 | NS      | $638755.66    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                 | Freeport-McMoRan, Inc.                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     35472 | NS      | $2085044.16   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation          | General Dynamics Corporation                       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      4953 | NS      | $1699968.66   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                          | General Electric Company                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      5954 | NS      | $1689566.58   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                  | Gilead Sciences, Inc.                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     14021 | NS      | $1954106.77   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Godaddy Inc                           | GoDaddy, Inc.                                      | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     12041 | NS      | $995429.47    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | Goldman Sachs Group, Inc. (The)                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1970 | NS      | $1666600.30   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | Home Depot, Inc. (The)                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      6869 | NS      | $2259145.41   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                           | Humana, Inc.                                       | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      6346 | NS      | $1100332.94   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                     | Intel Corporation                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     48443 | NS      | $2137789.59   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corporation        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5720 | NS      | $1386470.80   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                 | Invitation Homes, Inc.                             | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     47803 | NS      | $1187904.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                   | IQVIA Holdings, Inc.                               | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      7499 | NS      | $1278879.46   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | iShares S&P 500 Value ETF                          | CUSIP: 464287408<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      6446 | NS      | $1361072.90   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | iShares Russell 1000 Value ETF                     | CUSIP: 464287598<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5739 | NS      | $1226252.13   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Company                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      5576 | NS      | $1640236.16   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      8329 | NS      | $2035940.76   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc            | L3Harris Technologies, Inc.                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      6027 | NS      | $2080219.05   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                   | Leidos Holdings, Inc.                              | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      9013 | NS      | $1401701.76   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International             | MGM Resorts International                          | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     18050 | NS      | $668030.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                       | Match Group, Inc.                                  | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     21928 | NS      | $673408.88    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated     | McCormick & Company Inc Non-Voting Shares          | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     20777 | NS      | $1047991.88   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                      | Merck & Company, Inc.                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     17683 | NS      | $2127088.07   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc.           | Mondelez International, Inc. Class A               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     31683 | NS      | $1826208.12   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                        | Morgan Stanley                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      9814 | NS      | $1615089.98   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                           | NetApp, Inc.                                       | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     14709 | NS      | $1506054.51   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                     | Omnicom Group, Inc.                                | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     19714 | NS      | $1484661.34   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                       | PPL Corporation                                    | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     47715 | NS      | $1822713.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                  | PayPal Holdings, Inc.                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     27991 | NS      | $1266032.93   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Price T Rowe Group Inc.               | T Rowe Price Group, Inc.                           | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     15661 | NS      | $1411682.54   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.              | Procter & Gamble Company (The)                     | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     16118 | NS      | $2328083.92   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM, Inc.                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     10133 | NS      | $1304927.74   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.          | Raymond James Financial, Inc.                      | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     10252 | NS      | $1484387.08   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                              | SLB Ltd.                                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     43792 | NS      | $2250470.88   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                        | ServiceNow, Inc.                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     10885 | NS      | $1138026.75   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                | Southwest Airlines Company                         | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     42767 | NS      | $1606756.19   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                       | Starbucks Corporation                              | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     20184 | NS      | $1808284.56   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                | TJX Companies, Inc. (The)                          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     10977 | NS      | $1753026.90   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                       | T-Mobile US, Inc.                                  | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      8636 | NS      | $1813819.08   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                             | Tesla, Inc.                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7353 | NS      | $2733477.75   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                          | Textron, Inc.                                      | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     15014 | NS      | $1314625.84   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.             | Travelers Companies, Inc. (The)                    | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      5813 | NS      | $1695535.84   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                | Truist Financial Corporation                       | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     33668 | NS      | $1547717.96   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                         | US Bancorp                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     31842 | NS      | $1656102.42   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.               | UnitedHealth Group, Inc.                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6261 | NS      | $1694163.99   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | Walmart, Inc.                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     30219 | NS      | $3755617.32   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                     | Wells Fargo & Company                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     18996 | NS      | $1512271.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                           | Workday, Inc. Class A                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      7614 | NS      | $989210.88    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                           | Xylem Inc                                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     12098 | NS      | $1445711.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                           | Zoetis, Inc.                                       | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     13698 | NS      | $1619240.58   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                   | BBH Overnight Sweep                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    899699 | PA      | $899698.77    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.               | Arch Capital Group Ltd.                            | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     17263 | NS      | $1657075.37   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                     | Everest Group Ltd.                                 | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      3522 | NS      | $1151165.70   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC    | Johnson Controls International plc                 | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     14056 | NS      | $1840633.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd. Switzerland                | Chubb Ltd.                                         | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      5529 | NS      | $1802066.97   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV          | LyondellBasell Industries N.V. Class A             | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |     22327 | NS      | $1798663.12   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Keith D. Kemp

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

**Title:** President