SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.4% |
| |||||||
Aerospace & Defense 2.0% |
| |||||||
Boeing Co.(1) |
1,417 | $ | 171,570 | |||||
CAE, Inc. (Canada)(1) |
2,595 | 39,808 | ||||||
Northrop Grumman Corp. |
2,660 | 1,251,051 | ||||||
Raytheon Technologies Corp. |
15,110 | 1,236,905 | ||||||
|
|
|||||||
2,699,334 | ||||||||
|
|
|||||||
Airlines 0.3% |
| |||||||
Southwest Airlines Co.(1) |
14,370 | 443,171 | ||||||
|
|
|||||||
443,171 | ||||||||
|
|
|||||||
Automobiles 1.9% |
| |||||||
General Motors Co. |
6,480 | 207,943 | ||||||
Tesla, Inc.(1) |
8,766 | 2,325,182 | ||||||
|
|
|||||||
2,533,125 | ||||||||
|
|
|||||||
Banks 2.6% |
| |||||||
Bank of America Corp. |
39,603 | 1,196,011 | ||||||
Citigroup, Inc. |
44,075 | 1,836,605 | ||||||
Silvergate Capital Corp., Class A(1) |
5,455 | 411,034 | ||||||
|
|
|||||||
3,443,650 | ||||||||
|
|
|||||||
Beverages 2.9% |
| |||||||
Coca-Cola Co. |
26,985 | 1,511,700 | ||||||
Constellation Brands, Inc., Class A |
705 | 161,924 | ||||||
PepsiCo, Inc. |
13,258 | 2,164,501 | ||||||
|
|
|||||||
3,838,125 | ||||||||
|
|
|||||||
Biotechnology 2.0% |
| |||||||
AbbVie, Inc. |
5,664 | 760,165 | ||||||
Ascendis Pharma A/S, ADR(1) |
5,199 | 536,849 | ||||||
Biogen, Inc.(1) |
622 | 166,074 | ||||||
Regeneron Pharmaceuticals, Inc.(1) |
1,730 | 1,191,745 | ||||||
|
|
|||||||
2,654,833 | ||||||||
|
|
|||||||
Building Products 0.7% |
| |||||||
Johnson Controls International PLC |
19,677 | 968,502 | ||||||
|
|
|||||||
968,502 | ||||||||
|
|
|||||||
Capital Markets 3.4% |
| |||||||
Charles Schwab Corp. |
16,921 | 1,216,112 | ||||||
GoGreen Investments Corp.(1)(2) |
22,514 | 229,530 | ||||||
Goldman Sachs Group, Inc. |
6,638 | 1,945,266 | ||||||
KKR & Co., Inc. |
19,424 | 835,232 | ||||||
Quilter PLC (United Kingdom)(3) |
272,461 | 278,070 | ||||||
|
|
|||||||
4,504,210 | ||||||||
|
|
|||||||
Chemicals 1.8% |
| |||||||
Corteva, Inc. |
11,500 | 657,225 | ||||||
DuPont de Nemours, Inc. |
4,875 | 245,700 | ||||||
Eastman Chemical Co. |
3,218 | 228,639 | ||||||
Linde PLC |
760 | 204,888 | ||||||
PPG Industries, Inc. |
3,865 | 427,817 | ||||||
Sherwin-Williams Co. |
3,126 | 640,049 | ||||||
|
|
|||||||
2,404,318 | ||||||||
|
|
|||||||
Construction Materials 0.2% |
| |||||||
CRH PLC, ADR |
9,266 | 298,643 | ||||||
|
|
|||||||
298,643 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Containers & Packaging 0.5% |
| |||||||
Avery Dennison Corp. |
2,287 | $ | 372,095 | |||||
Berry Global Group, Inc.(1) |
4,796 | 223,158 | ||||||
|
|
|||||||
595,253 | ||||||||
|
|
|||||||
Diversified Financial Services 0.8% |
| |||||||
Apollo Global Management, Inc. |
21,584 | 1,003,656 | ||||||
|
|
|||||||
1,003,656 | ||||||||
|
|
|||||||
Electric Utilities 3.4% |
| |||||||
American Electric Power Co., Inc. |
5,220 | 451,269 | ||||||
Constellation Energy Corp. |
2,702 | 224,779 | ||||||
Exelon Corp. |
23,846 | 893,271 | ||||||
NextEra Energy, Inc. |
10,370 | 813,112 | ||||||
NRG Energy, Inc. |
55,139 | 2,110,170 | ||||||
|
|
|||||||
4,492,601 | ||||||||
|
|
|||||||
Electrical Equipment 0.5% |
| |||||||
Emerson Electric Co. |
8,340 | 610,655 | ||||||
|
|
|||||||
610,655 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.5% |
| |||||||
CDW Corp. |
10,304 | 1,608,248 | ||||||
Vontier Corp. |
22,660 | 378,649 | ||||||
|
|
|||||||
1,986,897 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.3% |
| |||||||
Diamond Offshore Drilling, Inc.(1) |
56,652 | 375,603 | ||||||
|
|
|||||||
375,603 | ||||||||
|
|
|||||||
Entertainment 0.6% |
| |||||||
Sea Ltd., ADR(1) |
3,666 | 205,479 | ||||||
Walt Disney Co.(1) |
6,491 | 612,296 | ||||||
|
|
|||||||
817,775 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.0% |
| |||||||
Gaming and Leisure Properties, Inc. |
23,625 | 1,045,170 | ||||||
Vornado Realty Trust |
9,792 | 226,783 | ||||||
|
|
|||||||
1,271,953 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.9% |
| |||||||
BJs Wholesale Club Holdings, Inc.(1) |
2,023 | 147,295 | ||||||
Costco Wholesale Corp. |
1,864 | 880,311 | ||||||
Walmart, Inc. |
11,879 | 1,540,706 | ||||||
|
|
|||||||
2,568,312 | ||||||||
|
|
|||||||
Food Products 0.3% |
| |||||||
McCormick & Co., Inc. |
4,610 | 328,555 | ||||||
|
|
|||||||
328,555 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 2.1% |
| |||||||
Abbott Laboratories |
6,657 | 644,131 | ||||||
Baxter International, Inc. |
1,095 | 58,977 | ||||||
Boston Scientific Corp.(1) |
21,074 | 816,196 | ||||||
Dexcom, Inc.(1) |
4,603 | 370,726 | ||||||
Intuitive Surgical, Inc.(1) |
2,351 | 440,671 | ||||||
Lantheus Holdings, Inc.(1) |
1,697 | 119,350 | ||||||
Medtronic PLC |
4,672 | 377,264 | ||||||
|
|
|||||||
2,827,315 | ||||||||
|
|
|||||||
Health Care Providers & Services 5.0% |
| |||||||
Cigna Corp. |
7,917 | 2,196,730 | ||||||
Elevance Health, Inc. |
499 | 226,666 | ||||||
Humana, Inc. |
929 | 450,741 | ||||||
McKesson Corp. |
1,630 | 553,988 | ||||||
UnitedHealth Group, Inc. |
6,196 | 3,129,228 | ||||||
|
|
|||||||
6,557,353 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Hotels, Restaurants & Leisure 2.1% |
| |||||||
Aramark |
10,118 | $ | 315,682 | |||||
Booking Holdings, Inc.(1) |
574 | 943,202 | ||||||
Chipotle Mexican Grill, Inc.(1) |
423 | 635,667 | ||||||
Hilton Worldwide Holdings, Inc. |
5,363 | 646,885 | ||||||
Penn Entertainment, Inc.(1) |
9,327 | 256,586 | ||||||
|
|
|||||||
2,798,022 | ||||||||
|
|
|||||||
Household Durables 0.8% |
| |||||||
PulteGroup, Inc. |
27,217 | 1,020,637 | ||||||
|
|
|||||||
1,020,637 | ||||||||
|
|
|||||||
Household Products 1.8% |
| |||||||
Procter & Gamble Co. |
18,592 | 2,347,240 | ||||||
|
|
|||||||
2,347,240 | ||||||||
|
|
|||||||
Industrial Conglomerates 0.9% |
| |||||||
General Electric Co. |
4,481 | 277,418 | ||||||
Honeywell International, Inc. |
5,806 | 969,428 | ||||||
|
|
|||||||
1,246,846 | ||||||||
|
|
|||||||
Insurance 2.6% |
| |||||||
AIA Group Ltd. (Hong Kong) |
66,600 | 552,950 | ||||||
Assured Guaranty Ltd. |
34,266 | 1,660,188 | ||||||
AXA SA (France) |
26,776 | 586,254 | ||||||
Prudential PLC (United Kingdom) |
68,813 | 676,093 | ||||||
|
|
|||||||
3,475,485 | ||||||||
|
|
|||||||
Interactive Media & Services 4.1% |
| |||||||
Alphabet, Inc., Class A(1) |
44,450 | 4,251,642 | ||||||
Meta Platforms, Inc., Class A(1) |
8,620 | 1,169,562 | ||||||
|
|
|||||||
5,421,204 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 4.6% |
| |||||||
Amazon.com, Inc.(1) |
53,831 | 6,082,903 | ||||||
|
|
|||||||
6,082,903 | ||||||||
|
|
|||||||
IT Services 4.1% |
| |||||||
Adyen NV (Netherlands)(1)(3) |
285 | 354,554 | ||||||
Fidelity National Information Services, Inc. |
14,367 | 1,085,714 | ||||||
Mastercard, Inc., Class A |
9,924 | 2,821,790 | ||||||
Visa, Inc., Class A |
6,512 | 1,156,857 | ||||||
|
|
|||||||
5,418,915 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 2.3% |
| |||||||
Avantor, Inc.(1) |
17,605 | 345,058 | ||||||
Bio-Rad Laboratories, Inc., Class A(1) |
1,389 | 579,407 | ||||||
Danaher Corp. |
4,407 | 1,138,284 | ||||||
Illumina, Inc.(1) |
290 | 55,329 | ||||||
Thermo Fisher Scientific, Inc. |
1,915 | 971,269 | ||||||
|
|
|||||||
3,089,347 | ||||||||
|
|
|||||||
Machinery 1.6% |
| |||||||
Deere & Co. |
1,676 | 559,600 | ||||||
Ingersoll Rand, Inc. |
12,463 | 539,149 | ||||||
Otis Worldwide Corp. |
16,621 | 1,060,420 | ||||||
|
|
|||||||
2,159,169 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Media 0.3% |
| |||||||
Charter Communications, Inc., Class A(1) |
1,149 | $ | 348,549 | |||||
|
|
|||||||
348,549 | ||||||||
|
|
|||||||
Metals & Mining 0.5% |
| |||||||
Agnico Eagle Mines Ltd. (Canada) |
7,994 | 337,734 | ||||||
Alamos Gold, Inc., Class A |
44,919 | 332,850 | ||||||
Anglo American PLC (United Kingdom) |
1,574 | 47,548 | ||||||
|
|
|||||||
718,132 | ||||||||
|
|
|||||||
Multi-Utilities 0.3% |
| |||||||
Ameren Corp. |
4,861 | 391,554 | ||||||
|
|
|||||||
391,554 | ||||||||
|
|
|||||||
Multiline Retail 0.7% |
| |||||||
Target Corp. |
5,807 | 861,701 | ||||||
|
|
|||||||
861,701 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 4.8% |
| |||||||
Cenovus Energy, Inc. (Canada) |
108,651 | 1,669,073 | ||||||
ConocoPhillips |
8,535 | 873,472 | ||||||
Exxon Mobil Corp. |
35,366 | 3,087,806 | ||||||
Shell PLC (Netherlands) |
29,186 | 726,156 | ||||||
|
|
|||||||
6,356,507 | ||||||||
|
|
|||||||
Pharmaceuticals 4.3% |
| |||||||
4Front Ventures Corp.(1) |
591,108 | 191,460 | ||||||
Eli Lilly and Co. |
4,184 | 1,352,896 | ||||||
Innoviva, Inc.(1) |
39,103 | 453,986 | ||||||
Johnson & Johnson |
9,520 | 1,555,187 | ||||||
Merck & Co., Inc. |
14,378 | 1,238,233 | ||||||
Pfizer, Inc. |
16,634 | 727,904 | ||||||
Zoetis, Inc. |
803 | 119,077 | ||||||
|
|
|||||||
5,638,743 | ||||||||
|
|
|||||||
Road & Rail 1.9% |
| |||||||
CSX Corp. |
14,970 | 398,801 | ||||||
Union Pacific Corp. |
10,636 | 2,072,105 | ||||||
|
|
|||||||
2,470,906 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 2.6% |
| |||||||
Advanced Micro Devices, Inc.(1) |
17,333 | 1,098,219 | ||||||
Enphase Energy, Inc.(1) |
286 | 79,356 | ||||||
NVIDIA Corp. |
3,338 | 405,200 | ||||||
QUALCOMM, Inc. |
15,996 | 1,807,228 | ||||||
|
|
|||||||
3,390,003 | ||||||||
|
|
|||||||
Software 10.7% |
| |||||||
Intuit, Inc. |
5,134 | 1,988,501 | ||||||
Microsoft Corp. |
35,204 | 8,199,012 | ||||||
Oracle Corp. |
41,249 | 2,519,076 | ||||||
Salesforce, Inc.(1) |
10,158 | 1,461,127 | ||||||
|
|
|||||||
14,167,716 | ||||||||
|
|
|||||||
Specialty Retail 3.0% |
| |||||||
Bath & Body Works, Inc. |
3,582 | 116,773 | ||||||
CarMax, Inc.(1) |
3,143 | 207,501 | ||||||
Home Depot, Inc. |
9,913 | 2,735,393 | ||||||
OReilly Automotive, Inc.(1) |
910 | 640,048 | ||||||
TJX Cos., Inc. |
3,907 | 242,703 | ||||||
Warby Parker, Inc., Class A(1) |
3,426 | 45,703 | ||||||
|
|
|||||||
3,988,121 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||||||
Common Stocks (continued) |
| |||||||||||
Technology Hardware, Storage & Peripherals 4.9% |
| |||||||||||
Apple, Inc. |
46,740 | $ | 6,459,468 | |||||||||
|
|
|||||||||||
6,459,468 | ||||||||||||
|
|
|||||||||||
Textiles, Apparel & Luxury Goods 0.5% |
| |||||||||||
Levi Strauss & Co., Class A |
9,901 | 143,267 | ||||||||||
Lululemon Athletica, Inc.(1) |
570 | 159,349 | ||||||||||
NIKE, Inc., Class B |
4,140 | 344,117 | ||||||||||
|
|
|||||||||||
646,733 | ||||||||||||
|
|
|||||||||||
Tobacco 0.2% |
| |||||||||||
Altria Group, Inc. |
6,579 | 265,660 | ||||||||||
|
|
|||||||||||
265,660 | ||||||||||||
|
|
|||||||||||
Trading Companies & Distributors 0.4% |
| |||||||||||
United Rentals, Inc.(1) |
1,813 | 489,728 | ||||||||||
|
|
|||||||||||
489,728 | ||||||||||||
|
|
|||||||||||
Wireless Telecommunication Services 1.7% |
| |||||||||||
T-Mobile US, Inc.(1) |
16,662 | 2,235,541 | ||||||||||
|
|
|||||||||||
2,235,541 | ||||||||||||
|
|
|||||||||||
Total Common Stocks |
|
128,712,669 | ||||||||||
|
|
|||||||||||
Exchange-Traded Funds 1.2% |
| |||||||||||
SPDR S&P 500 ETF Trust |
4,526 | 1,616,597 | ||||||||||
|
|
|||||||||||
Total Exchange-Traded Funds |
|
1,616,597 | ||||||||||
|
|
|||||||||||
Principal Amount |
Value | |||||||||||
Short-Term Investments 0.9% |
| |||||||||||
Repurchase Agreements 0.9% |
| |||||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 1,176,661 | 1,176,661 | |||||||||
|
|
|||||||||||
Total Repurchase Agreements |
|
1,176,661 | ||||||||||
|
|
|||||||||||
Total Investments 99.5% |
|
131,505,927 | ||||||||||
|
|
|||||||||||
Assets in excess of other liabilities 0.5% |
|
697,014 | ||||||||||
|
|
|||||||||||
Total Net Assets 100.0% |
|
$ | 132,202,941 | |||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents securities deemed illiquid by the investment adviser. |
Security |
Shares | Cost | Value | Acquisition Date |
% of Funds Net Assets | |||||||||||||||
GoGreen Investments Corp. |
22,514 | $ | 225,140 | $ | 229,530 | 10/21/2021 | 0.17% |
(3) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $632,624, representing 0.5% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(4) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 1,253,300 | $ | 1,200,230 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 125,491,044 | $ | 3,221,625 | * | $ | | $ | 128,712,669 | |||||||
Exchange-Traded Funds |
1,616,597 | | | 1,616,597 | ||||||||||||
Repurchase Agreements |
| 1,176,661 | | 1,176,661 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 127,107,641 | $ | 4,398,286 | $ | | $ | 131,505,927 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 95.7% |
| |||||||
Aerospace & Defense 3.9% |
| |||||||
Curtiss-Wright Corp. |
6,618 | $ | 920,961 | |||||
Raytheon Technologies Corp. |
31,107 | 2,546,419 | ||||||
Textron, Inc. |
32,680 | 1,903,937 | ||||||
|
|
|||||||
5,371,317 | ||||||||
|
|
|||||||
Air Freight & Logistics 1.1% |
| |||||||
Expeditors International of Washington, Inc. |
10,684 | 943,504 | ||||||
FedEx Corp. |
4,241 | 629,661 | ||||||
|
|
|||||||
1,573,165 | ||||||||
|
|
|||||||
Airlines 1.1% |
| |||||||
Alaska Air Group, Inc.(1) |
24,978 | 977,889 | ||||||
Southwest Airlines Co.(1) |
17,773 | 548,119 | ||||||
|
|
|||||||
1,526,008 | ||||||||
|
|
|||||||
Auto Components 1.1% |
| |||||||
BorgWarner, Inc. |
46,570 | 1,462,298 | ||||||
|
|
|||||||
1,462,298 | ||||||||
|
|
|||||||
Banks 6.7% |
| |||||||
JPMorgan Chase & Co. |
39,521 | 4,129,944 | ||||||
Wells Fargo & Co. |
126,094 | 5,071,501 | ||||||
|
|
|||||||
9,201,445 | ||||||||
|
|
|||||||
Biotechnology 5.2% |
| |||||||
Amgen, Inc. |
18,087 | 4,076,810 | ||||||
Regeneron Pharmaceuticals, Inc.(1) |
4,545 | 3,130,914 | ||||||
|
|
|||||||
7,207,724 | ||||||||
|
|
|||||||
Building Products 0.5% |
| |||||||
Builders FirstSource, Inc.(1) |
12,659 | 745,868 | ||||||
|
|
|||||||
745,868 | ||||||||
|
|
|||||||
Capital Markets 3.1% |
| |||||||
Goldman Sachs Group, Inc. |
7,879 | 2,308,941 | ||||||
Northern Trust Corp. |
23,285 | 1,992,265 | ||||||
|
|
|||||||
4,301,206 | ||||||||
|
|
|||||||
Chemicals 1.0% |
| |||||||
Mosaic Co. |
27,139 | 1,311,628 | ||||||
|
|
|||||||
1,311,628 | ||||||||
|
|
|||||||
Communications Equipment 1.3% |
| |||||||
Cisco Systems, Inc. |
44,739 | 1,789,560 | ||||||
|
|
|||||||
1,789,560 | ||||||||
|
|
|||||||
Construction & Engineering 1.2% |
| |||||||
EMCOR Group, Inc. |
14,479 | 1,672,035 | ||||||
|
|
|||||||
1,672,035 | ||||||||
|
|
|||||||
Consumer Finance 0.7% |
| |||||||
Capital One Financial Corp. |
9,940 | 916,170 | ||||||
|
|
|||||||
916,170 | ||||||||
|
|
|||||||
Distributors 1.6% |
| |||||||
LKQ Corp. |
45,939 | 2,166,024 | ||||||
|
|
|||||||
2,166,024 | ||||||||
|
|
|||||||
Diversified Financial Services 3.8% |
| |||||||
Berkshire Hathaway, Inc., Class B(1) |
19,488 | 5,203,686 | ||||||
|
|
|||||||
5,203,686 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Diversified Telecommunication Services 1.7% |
| |||||||
Verizon Communications, Inc. |
61,173 | $ | 2,322,739 | |||||
|
|
|||||||
2,322,739 | ||||||||
|
|
|||||||
Electric Utilities 0.4% |
| |||||||
IDACORP, Inc. |
4,886 | 483,763 | ||||||
|
|
|||||||
483,763 | ||||||||
|
|
|||||||
Electrical Equipment 2.4% |
| |||||||
Acuity Brands, Inc. |
4,644 | 731,291 | ||||||
Emerson Electric Co. |
34,155 | 2,500,829 | ||||||
|
|
|||||||
3,232,120 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.1% |
| |||||||
IPG Photonics Corp.(1) |
9,027 | 761,427 | ||||||
Keysight Technologies, Inc.(1) |
13,908 | 2,188,563 | ||||||
|
|
|||||||
2,949,990 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.5% |
| |||||||
Helmerich & Payne, Inc. |
19,542 | 722,468 | ||||||
|
|
|||||||
722,468 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.2% |
| |||||||
Weyerhaeuser Co. |
59,510 | 1,699,606 | ||||||
|
|
|||||||
1,699,606 | ||||||||
|
|
|||||||
Food & Staples Retailing 0.3% |
| |||||||
Kroger Co. |
9,295 | 406,656 | ||||||
|
|
|||||||
406,656 | ||||||||
|
|
|||||||
Health Care Providers & Services 7.6% |
| |||||||
Cigna Corp. |
13,334 | 3,699,785 | ||||||
Elevance Health, Inc. |
11,653 | 5,293,259 | ||||||
Quest Diagnostics, Inc. |
12,005 | 1,472,893 | ||||||
|
|
|||||||
10,465,937 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.6% |
| |||||||
Choice Hotels International, Inc. |
8,049 | 881,527 | ||||||
|
|
|||||||
881,527 | ||||||||
|
|
|||||||
Household Durables 1.7% |
| |||||||
D.R. Horton, Inc. |
35,026 | 2,359,001 | ||||||
|
|
|||||||
2,359,001 | ||||||||
|
|
|||||||
Insurance 2.7% |
| |||||||
Aflac, Inc. |
20,706 | 1,163,677 | ||||||
Allstate Corp. |
14,663 | 1,825,983 | ||||||
Axis Capital Holdings Ltd. |
13,364 | 656,841 | ||||||
|
|
|||||||
3,646,501 | ||||||||
|
|
|||||||
IT Services 6.4% |
| |||||||
Accenture PLC, Class A |
5,484 | 1,411,033 | ||||||
Cognizant Technology Solutions Corp., Class A |
28,780 | 1,653,123 | ||||||
FleetCor Technologies, Inc.(1) |
9,932 | 1,749,721 | ||||||
Mastercard, Inc., Class A |
10,480 | 2,979,883 | ||||||
Maximus, Inc. |
16,718 | 967,471 | ||||||
|
|
|||||||
8,761,231 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 2.0% |
| |||||||
Bio-Rad Laboratories, Inc., Class A(1) |
1,834 | 765,035 | ||||||
PerkinElmer, Inc. |
16,957 | 2,040,436 | ||||||
|
|
|||||||
2,805,471 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Machinery 2.8% |
| |||||||
Altra Industrial Motion Corp. |
21,106 | $ | 709,584 | |||||
Middleby Corp.(1) |
8,193 | 1,050,097 | ||||||
PACCAR, Inc. |
7,663 | 641,316 | ||||||
Westinghouse Air Brake Technologies Corp. |
16,999 | 1,382,869 | ||||||
|
|
|||||||
3,783,866 | ||||||||
|
|
|||||||
Media 2.3% |
| |||||||
Comcast Corp., Class A |
109,376 | 3,207,998 | ||||||
|
|
|||||||
3,207,998 | ||||||||
|
|
|||||||
Metals & Mining 1.5% |
| |||||||
BHP Group Ltd., ADR |
25,425 | 1,272,267 | ||||||
Steel Dynamics, Inc. |
11,934 | 846,717 | ||||||
|
|
|||||||
2,118,984 | ||||||||
|
|
|||||||
Multiline Retail 1.9% |
| |||||||
Target Corp. |
17,341 | 2,573,231 | ||||||
|
|
|||||||
2,573,231 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 5.8% |
| |||||||
Chevron Corp. |
13,085 | 1,879,922 | ||||||
ConocoPhillips |
24,296 | 2,486,453 | ||||||
EOG Resources, Inc. |
16,494 | 1,842,874 | ||||||
Phillips 66 |
21,067 | 1,700,528 | ||||||
|
|
|||||||
7,909,777 | ||||||||
|
|
|||||||
Pharmaceuticals 5.6% |
| |||||||
Pfizer, Inc. |
63,404 | 2,774,559 | ||||||
Roche Holding AG, ADR |
120,652 | 4,900,884 | ||||||
|
|
|||||||
7,675,443 | ||||||||
|
|
|||||||
Professional Services 1.4% |
| |||||||
Robert Half International, Inc. |
24,832 | 1,899,648 | ||||||
|
|
|||||||
1,899,648 | ||||||||
|
|
|||||||
Real Estate Management & Development 1.9% |
| |||||||
CBRE Group, Inc., Class A(1) |
38,491 | 2,598,527 | ||||||
|
|
|||||||
2,598,527 | ||||||||
|
|
|||||||
Road & Rail 1.9% |
| |||||||
Knight-Swift Transportation Holdings, Inc. |
52,039 | 2,546,268 | ||||||
|
|
|||||||
2,546,268 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 1.3% |
| |||||||
MKS Instruments, Inc. |
8,781 | 725,662 | ||||||
NXP Semiconductors NV |
7,091 | 1,045,993 | ||||||
|
|
|||||||
1,771,655 | ||||||||
|
|
|||||||
Specialty Retail 3.4% |
| |||||||
AutoZone, Inc.(1) |
1,104 | 2,364,691 | ||||||
Lowes Cos., Inc. |
6,180 | 1,160,666 | ||||||
Ulta Beauty, Inc.(1) |
2,975 | 1,193,540 | ||||||
|
|
|||||||
4,718,897 | ||||||||
|
|
|||||||
Tobacco 3.7% |
| |||||||
Philip Morris International, Inc. |
60,511 | 5,023,018 | ||||||
|
|
|||||||
5,023,018 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.3% |
| |||||||
MSC Industrial Direct Co., Inc., Class A |
6,303 | 458,921 | ||||||
|
|
|||||||
458,921 | ||||||||
|
|
|||||||
Total Common Stocks |
|
131,471,377 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value |
||||||||||||||||
Short-Term Investments 4.2% |
| |||||||||||||||||
Repurchase Agreements 4.2% |
| |||||||||||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value
of |
$ | 5,817,739 | $ | 5,817,739 | ||||||||||||||
|
|
|||||||||||||||||
Total Repurchase Agreements |
|
5,817,739 | ||||||||||||||||
|
|
|||||||||||||||||
Total Investments 99.9% |
|
137,289,116 | ||||||||||||||||
|
|
|||||||||||||||||
Assets in excess of other liabilities 0.1% |
|
69,099 | ||||||||||||||||
|
|
|||||||||||||||||
Total Net Assets 100.0% |
|
$ | 137,358,215 | |||||||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 6,196,500 | $ | 5,934,115 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 131,471,377 | $ | | $ | | $ | 131,471,377 | ||||||||
Repurchase Agreements |
| 5,817,739 | | 5,817,739 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 131,471,377 | $ | 5,817,739 | $ | | $ | 137,289,116 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.9% |
| |||||||
Aerospace & Defense 1.5% |
| |||||||
Raytheon Technologies Corp. |
61,272 | $ | 5,015,726 | |||||
|
|
|||||||
5,015,726 | ||||||||
|
|
|||||||
Automobiles 1.9% |
| |||||||
Ford Motor Co. |
239,594 | 2,683,453 | ||||||
Tesla, Inc.(1) |
14,515 | 3,850,104 | ||||||
|
|
|||||||
6,533,557 | ||||||||
|
|
|||||||
Banks 3.6% |
| |||||||
Bank of America Corp. |
187,836 | 5,672,647 | ||||||
JPMorgan Chase & Co. |
64,714 | 6,762,613 | ||||||
|
|
|||||||
12,435,260 | ||||||||
|
|
|||||||
Beverages 3.0% |
| |||||||
Constellation Brands, Inc., Class A |
22,263 | 5,113,366 | ||||||
Monster Beverage Corp.(1) |
58,132 | 5,055,159 | ||||||
|
|
|||||||
10,168,525 | ||||||||
|
|
|||||||
Biotechnology 3.6% |
| |||||||
Regeneron Pharmaceuticals, Inc.(1) |
7,238 | 4,986,041 | ||||||
Seagen, Inc.(1) |
19,309 | 2,642,050 | ||||||
Vertex Pharmaceuticals, Inc.(1) |
15,935 | 4,613,820 | ||||||
|
|
|||||||
12,241,911 | ||||||||
|
|
|||||||
Building Products 1.9% |
| |||||||
Fortune Brands Home & Security, Inc. |
48,418 | 2,599,562 | ||||||
Johnson Controls International PLC |
78,136 | 3,845,854 | ||||||
|
|
|||||||
6,445,416 | ||||||||
|
|
|||||||
Capital Markets 2.8% |
| |||||||
Charles Schwab Corp. |
51,003 | 3,665,585 | ||||||
Morgan Stanley |
73,174 | 5,781,478 | ||||||
|
|
|||||||
9,447,063 | ||||||||
|
|
|||||||
Chemicals 2.2% |
| |||||||
PPG Industries, Inc. |
33,355 | 3,692,065 | ||||||
Sherwin-Williams Co. |
18,603 | 3,808,964 | ||||||
|
|
|||||||
7,501,029 | ||||||||
|
|
|||||||
Communications Equipment 0.8% |
| |||||||
F5, Inc.(1) |
18,680 | 2,703,556 | ||||||
|
|
|||||||
2,703,556 | ||||||||
|
|
|||||||
Consumer Finance 1.6% |
| |||||||
American Express Co. |
41,512 | 5,600,384 | ||||||
|
|
|||||||
5,600,384 | ||||||||
|
|
|||||||
Electric Utilities 2.9% |
| |||||||
American Electric Power Co., Inc. |
34,143 | 2,951,662 | ||||||
Duke Energy Corp. |
46,927 | 4,365,150 | ||||||
Eversource Energy |
35,465 | 2,764,851 | ||||||
|
|
|||||||
10,081,663 | ||||||||
|
|
|||||||
Electrical Equipment 1.1% |
| |||||||
AMETEK, Inc. |
33,217 | 3,767,140 | ||||||
|
|
|||||||
3,767,140 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.7% |
| |||||||
CDW Corp. |
22,468 | 3,506,805 | ||||||
Corning, Inc. |
78,327 | 2,273,050 | ||||||
|
|
|||||||
5,779,855 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Entertainment 1.3% |
| |||||||
Walt Disney Co.(1) |
46,557 | $ | 4,391,722 | |||||
|
|
|||||||
4,391,722 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 2.0% |
| |||||||
AvalonBay Communities, Inc. |
15,565 | 2,866,917 | ||||||
Prologis, Inc. |
38,660 | 3,927,856 | ||||||
|
|
|||||||
6,794,773 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 3.7% |
| |||||||
Abbott Laboratories |
32,993 | 3,192,403 | ||||||
Baxter International, Inc. |
56,343 | 3,034,634 | ||||||
Becton Dickinson and Co. |
15,768 | 3,513,583 | ||||||
Hologic, Inc.(1) |
46,957 | 3,029,666 | ||||||
|
|
|||||||
12,770,286 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.2% |
| |||||||
UnitedHealth Group, Inc. |
21,951 | 11,086,133 | ||||||
|
|
|||||||
11,086,133 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 3.0% |
| |||||||
Airbnb, Inc., Class A(1) |
23,800 | 2,499,952 | ||||||
Booking Holdings, Inc.(1) |
1,869 | 3,071,160 | ||||||
McDonalds Corp. |
20,192 | 4,659,102 | ||||||
|
|
|||||||
10,230,214 | ||||||||
|
|
|||||||
Household Products 3.3% |
| |||||||
Colgate-Palmolive Co. |
62,578 | 4,396,105 | ||||||
Procter & Gamble Co. |
54,806 | 6,919,257 | ||||||
|
|
|||||||
11,315,362 | ||||||||
|
|
|||||||
Insurance 2.5% |
| |||||||
Chubb Ltd. |
23,392 | 4,254,537 | ||||||
Progressive Corp. |
37,981 | 4,413,772 | ||||||
|
|
|||||||
8,668,309 | ||||||||
|
|
|||||||
Interactive Media & Services 6.2% |
| |||||||
Alphabet, Inc., Class A(1) |
146,139 | 13,978,195 | ||||||
Alphabet, Inc., Class C(1) |
43,728 | 4,204,447 | ||||||
Meta Platforms, Inc., Class A(1) |
22,361 | 3,033,941 | ||||||
|
|
|||||||
21,216,583 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 4.0% |
| |||||||
Amazon.com, Inc.(1) |
122,523 | 13,845,099 | ||||||
|
|
|||||||
13,845,099 | ||||||||
|
|
|||||||
IT Services 3.9% |
| |||||||
Fidelity National Information Services, Inc. |
34,264 | 2,589,330 | ||||||
Global Payments, Inc. |
22,411 | 2,421,509 | ||||||
GoDaddy, Inc., Class A(1) |
44,196 | 3,132,613 | ||||||
Mastercard, Inc., Class A |
18,586 | 5,284,743 | ||||||
|
|
|||||||
13,428,195 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 2.9% |
| |||||||
Danaher Corp. |
18,375 | 4,746,079 | ||||||
Thermo Fisher Scientific, Inc. |
10,517 | 5,334,117 | ||||||
|
|
|||||||
10,080,196 | ||||||||
|
|
|||||||
Machinery 3.3% |
| |||||||
Deere & Co. |
13,813 | 4,612,022 | ||||||
Illinois Tool Works, Inc. |
19,321 | 3,490,339 | ||||||
Nordson Corp. |
15,585 | 3,308,228 | ||||||
|
|
|||||||
11,410,589 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Oil, Gas & Consumable Fuels 3.0% |
| |||||||
EOG Resources, Inc. |
45,749 | $ | 5,111,536 | |||||
Pioneer Natural Resources Co. |
24,650 | 5,337,464 | ||||||
|
|
|||||||
10,449,000 | ||||||||
|
|
|||||||
Pharmaceuticals 4.0% |
| |||||||
Eli Lilly and Co. |
22,952 | 7,421,529 | ||||||
Pfizer, Inc. |
146,516 | 6,411,540 | ||||||
|
|
|||||||
13,833,069 | ||||||||
|
|
|||||||
Professional Services 0.7% |
| |||||||
Leidos Holdings, Inc. |
29,157 | 2,550,363 | ||||||
|
|
|||||||
2,550,363 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 5.8% |
| |||||||
Advanced Micro Devices, Inc.(1) |
44,336 | 2,809,129 | ||||||
KLA Corp. |
11,991 | 3,628,836 | ||||||
Marvell Technology, Inc. |
60,650 | 2,602,491 | ||||||
NVIDIA Corp. |
12,961 | 1,573,336 | ||||||
QUALCOMM, Inc. |
32,920 | 3,719,302 | ||||||
Texas Instruments, Inc. |
34,897 | 5,401,358 | ||||||
|
|
|||||||
19,734,452 | ||||||||
|
|
|||||||
Software 9.0% |
| |||||||
Microsoft Corp. |
92,601 | 21,566,773 | ||||||
Palo Alto Networks, Inc.(1) |
19,491 | 3,192,431 | ||||||
Salesforce, Inc.(1) |
26,909 | 3,870,591 | ||||||
Workday, Inc., Class A(1) |
14,006 | 2,131,993 | ||||||
|
|
|||||||
30,761,788 | ||||||||
|
|
|||||||
Specialty Retail 1.7% |
| |||||||
TJX Cos., Inc. |
94,630 | 5,878,416 | ||||||
|
|
|||||||
5,878,416 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 5.8% |
| |||||||
Apple, Inc. |
123,826 | 17,112,753 | ||||||
NetApp, Inc. |
44,692 | 2,764,200 | ||||||
|
|
|||||||
19,876,953 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.0% |
| |||||||
NIKE, Inc., Class B |
42,446 | 3,528,112 | ||||||
|
|
|||||||
3,528,112 | ||||||||
|
|
|||||||
Total Common Stocks |
|
339,570,699 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 1.2% |
| |||||||
Repurchase Agreements 1.2% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 4,198,803 | 4,198,803 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
4,198,803 | ||||||
|
|
|||||||
Total Investments 100.1% |
|
343,769,502 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.1)% |
|
(336,133 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 343,433,369 | |||||
|
|
(1) | Nonincomeproducing security. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 4,472,200 | $ | 4,282,829 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 339,570,699 | $ | | $ | | $ | 339,570,699 | ||||||||
Repurchase Agreements |
| 4,198,803 | | 4,198,803 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 339,570,699 | $ | 4,198,803 | $ | | $ | 343,769,502 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 96.9% |
| |||||||
Australia 1.5% |
| |||||||
IDP Education Ltd. |
26,923 | $ | 450,492 | |||||
Woodside Energy Group Ltd. |
53,792 | 1,094,319 | ||||||
|
|
|||||||
1,544,811 | ||||||||
|
|
|||||||
Cayman Islands 1.5% |
| |||||||
Sea Ltd., ADR(1) |
9,847 | 551,924 | ||||||
Tencent Holdings Ltd. |
29,700 | 1,003,029 | ||||||
|
|
|||||||
1,554,953 | ||||||||
|
|
|||||||
Denmark 6.9% |
| |||||||
Coloplast A/S, Class B |
13,352 | 1,349,882 | ||||||
Genmab A/S(1) |
4,108 | 1,324,169 | ||||||
Novo Nordisk A/S, Class B |
42,171 | 4,203,352 | ||||||
|
|
|||||||
6,877,403 | ||||||||
|
|
|||||||
France 12.2% |
| |||||||
Capgemini SE |
11,028 | 1,762,391 | ||||||
LOreal SA |
8,772 | 2,793,162 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
6,950 | 4,085,453 | ||||||
Safran SA |
13,511 | 1,228,482 | ||||||
Schneider Electric SE |
21,008 | 2,356,907 | ||||||
|
|
|||||||
12,226,395 | ||||||||
|
|
|||||||
Germany 5.9% |
| |||||||
adidas AG |
9,752 | 1,131,725 | ||||||
Delivery Hero SE(1)(2) |
21,074 | 780,426 | ||||||
Deutsche Boerse AG |
10,273 | 1,691,316 | ||||||
Symrise AG |
17,882 | 1,759,611 | ||||||
Zalando SE(1)(2) |
28,847 | 571,969 | ||||||
|
|
|||||||
5,935,047 | ||||||||
|
|
|||||||
Hong Kong 4.9% |
| |||||||
AIA Group Ltd. |
366,400 | 3,042,057 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
56,100 | 1,904,770 | ||||||
|
|
|||||||
4,946,827 | ||||||||
|
|
|||||||
India 1.4% |
| |||||||
HDFC Bank Ltd., ADR |
23,580 | 1,377,544 | ||||||
|
|
|||||||
1,377,544 | ||||||||
|
|
|||||||
Ireland 1.8% |
| |||||||
Linde PLC |
6,776 | 1,853,012 | ||||||
|
|
|||||||
1,853,012 | ||||||||
|
|
|||||||
Japan 16.7% |
| |||||||
Daikin Industries Ltd. |
13,100 | 2,024,213 | ||||||
Hoya Corp. |
24,300 | 2,336,321 | ||||||
Keyence Corp. |
7,500 | 2,490,022 | ||||||
Kyowa Kirin Co. Ltd. |
55,700 | 1,277,779 | ||||||
Shimano, Inc. |
6,100 | 961,372 | ||||||
Shin-Etsu Chemical Co. Ltd. |
16,000 | 1,588,858 | ||||||
SMC Corp. |
3,300 | 1,331,295 | ||||||
Sony Group Corp. |
37,700 | 2,426,459 | ||||||
Sysmex Corp. |
14,200 | 764,244 | ||||||
Tokyo Electron Ltd. |
6,100 | 1,510,305 | ||||||
|
|
|||||||
16,710,868 | ||||||||
|
|
|||||||
Netherlands 8.3% |
| |||||||
Adyen NV(1)(2) |
990 | 1,231,608 | ||||||
Argenx SE(1) |
3,106 | 1,109,960 | ||||||
ASML Holding NV |
10,220 | 4,239,167 | ||||||
Wolters Kluwer NV |
18,284 | 1,780,150 | ||||||
|
|
|||||||
8,360,885 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Singapore 2.0% |
| |||||||
DBS Group Holdings Ltd. |
87,700 | $ | 2,027,621 | |||||
|
|
|||||||
2,027,621 | ||||||||
|
|
|||||||
Sweden 3.0% |
| |||||||
Assa Abloy AB, Class B |
65,607 | 1,226,024 | ||||||
Atlas Copco AB, Class A |
187,588 | 1,737,100 | ||||||
|
|
|||||||
2,963,124 | ||||||||
|
|
|||||||
Switzerland 13.4% |
| |||||||
Lonza Group AG (Reg S) |
3,463 | 1,684,088 | ||||||
Nestle SA (Reg S) |
53,268 | 5,767,839 | ||||||
Roche Holding AG |
15,735 | 5,130,539 | ||||||
Straumann Holding AG (Reg S) |
9,736 | 886,065 | ||||||
|
|
|||||||
13,468,531 | ||||||||
|
|
|||||||
Taiwan 1.2% |
| |||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR |
17,927 | 1,229,075 | ||||||
|
|
|||||||
1,229,075 | ||||||||
|
|
|||||||
United Kingdom 15.3% |
| |||||||
Allfunds Group PLC |
118,605 | 869,440 | ||||||
Anglo American PLC |
35,463 | 1,071,280 | ||||||
AstraZeneca PLC |
23,410 | 2,574,399 | ||||||
Diageo PLC |
77,882 | 3,264,482 | ||||||
Ferguson PLC |
13,565 | 1,412,492 | ||||||
Intertek Group PLC |
29,492 | 1,213,318 | ||||||
London Stock Exchange Group PLC |
21,846 | 1,842,131 | ||||||
Oxford Nanopore Technologies PLC(1) |
157,926 | 445,821 | ||||||
RELX PLC |
108,102 | 2,622,462 | ||||||
|
|
|||||||
15,315,825 | ||||||||
|
|
|||||||
United States 0.9% |
| |||||||
MercadoLibre, Inc.(1) |
1,087 | 899,797 | ||||||
|
|
|||||||
899,797 | ||||||||
|
|
|||||||
Total Common Stocks |
|
97,291,718 | ||||||
|
|
|||||||
Preferred Stocks 0.9% |
| |||||||
Germany 0.9% |
| |||||||
Sartorius AG, 0.36% |
2,650 | 925,562 | ||||||
|
|
|||||||
Total Preferred Stocks |
|
925,562 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 1.6% |
| |||||||
Repurchase Agreements 1.6% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 1,576,342 | 1,576,342 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
1,576,342 | ||||||
|
|
|||||||
Total Investments 99.4% |
|
99,793,622 | ||||||
|
|
|||||||
Assets in excess of other liabilities 0.6% |
|
559,147 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 100,352,769 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $2,584,003, representing 2.6% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
(3) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 1,679,000 | $ | 1,607,904 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
|
|||||||||||||||
Australia |
$ | | $ | 1,544,811 | * | $ | | $ | 1,544,811 | |||||||
Cayman Islands |
551,924 | 1,003,029 | * | | 1,554,953 | |||||||||||
Denmark |
| 6,877,403 | * | | 6,877,403 | |||||||||||
France |
| 12,226,395 | * | | 12,226,395 | |||||||||||
Germany |
| 5,935,047 | * | | 5,935,047 | |||||||||||
Hong Kong |
| 4,946,827 | * | | 4,946,827 | |||||||||||
India |
1,377,544 | | | 1,377,544 | ||||||||||||
Ireland |
| 1,853,012 | * | | 1,853,012 | |||||||||||
Japan |
| 16,710,868 | * | | 16,710,868 | |||||||||||
Netherlands |
| 8,360,885 | * | | 8,360,885 | |||||||||||
Singapore |
| 2,027,621 | * | | 2,027,621 | |||||||||||
Sweden |
| 2,963,124 | * | | 2,963,124 | |||||||||||
Switzerland |
| 13,468,531 | * | | 13,468,531 | |||||||||||
Taiwan |
1,229,075 | | | 1,229,075 | ||||||||||||
United Kingdom |
| 15,315,825 | * | | 15,315,825 | |||||||||||
United States |
899,797 | | | 899,797 | ||||||||||||
Preferred Stocks |
|
|||||||||||||||
Germany |
| 925,562 | * | | 925,562 | |||||||||||
Repurchase Agreements |
| 1,576,342 | | 1,576,342 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 4,058,340 | $ 95,735,282 | $ | | $ | 99,793,622 | |||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL EQUITY VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.5% |
| |||||||
Australia 2.0% |
| |||||||
Macquarie Group Ltd. |
29,763 | $ | 2,888,349 | |||||
Rio Tinto Ltd. |
47,528 | 2,828,526 | ||||||
|
|
|||||||
5,716,875 | ||||||||
|
|
|||||||
Austria 0.8% |
| |||||||
Erste Group Bank AG |
110,836 | 2,427,212 | ||||||
|
|
|||||||
2,427,212 | ||||||||
|
|
|||||||
Belgium 1.7% |
| |||||||
UCB SA |
44,346 | 3,067,155 | ||||||
Umicore SA |
59,153 | 1,715,068 | ||||||
|
|
|||||||
4,782,223 | ||||||||
|
|
|||||||
Brazil 0.5% |
| |||||||
B3 SA Brasil Bolsa Balcao |
563,409 | 1,362,998 | ||||||
|
|
|||||||
1,362,998 | ||||||||
|
|
|||||||
Canada 2.3% |
| |||||||
Canadian National Railway Co. |
32,326 | 3,491,072 | ||||||
Toronto-Dominion Bank |
51,571 | 3,162,917 | ||||||
|
|
|||||||
6,653,989 | ||||||||
|
|
|||||||
Cayman Islands 1.4% |
| |||||||
Alibaba Group Holding Ltd.(1) |
196,800 | 1,974,080 | ||||||
Tencent Holdings Ltd. |
56,000 | 1,891,232 | ||||||
|
|
|||||||
3,865,312 | ||||||||
|
|
|||||||
Denmark 1.1% |
| |||||||
Vestas Wind Systems A/S |
175,021 | 3,208,823 | ||||||
|
|
|||||||
3,208,823 | ||||||||
|
|
|||||||
France 5.5% |
| |||||||
Carrefour SA |
148,437 | 2,056,425 | ||||||
EssilorLuxottica SA |
21,418 | 2,902,044 | ||||||
Legrand SA |
28,006 | 1,809,437 | ||||||
Sanofi |
56,021 | 4,275,538 | ||||||
Schneider Electric SE |
40,300 | 4,521,294 | ||||||
|
|
|||||||
15,564,738 | ||||||||
|
|
|||||||
Germany 8.4% |
| |||||||
Bayer AG (Reg S) |
47,166 | 2,176,613 | ||||||
Bayerische Motoren Werke AG |
62,074 | 4,243,945 | ||||||
Daimler Truck Holding AG(1) |
72,444 | 1,657,947 | ||||||
Infineon Technologies AG |
129,206 | 2,863,275 | ||||||
Knorr-Bremse AG |
15,288 | 662,827 | ||||||
Merck KGaA |
11,620 | 1,896,424 | ||||||
SAP SE |
60,530 | 4,989,779 | ||||||
Siemens AG (Reg S) |
47,383 | 4,689,660 | ||||||
Zalando SE(1)(2) |
41,667 | 826,159 | ||||||
|
|
|||||||
24,006,629 | ||||||||
|
|
|||||||
Hong Kong 3.8% |
| |||||||
AIA Group Ltd. |
650,800 | 5,403,304 | ||||||
BOC Hong Kong Holdings Ltd. |
731,500 | 2,418,364 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
46,600 | 1,582,215 | ||||||
Techtronic Industries Co. Ltd. |
152,000 | 1,436,012 | ||||||
|
|
|||||||
10,839,895 | ||||||||
|
|
|||||||
India 1.1% |
| |||||||
HDFC Bank Ltd., ADR |
53,225 | 3,109,405 | ||||||
|
|
|||||||
3,109,405 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL EQUITY VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Indonesia 0.8% |
| |||||||
Bank Central Asia Tbk PT |
4,164,600 | $ | 2,324,839 | |||||
|
|
|||||||
2,324,839 | ||||||||
|
|
|||||||
Israel 0.8% |
| |||||||
Nice Ltd., ADR(1) |
11,587 | 2,181,137 | ||||||
|
|
|||||||
2,181,137 | ||||||||
|
|
|||||||
Italy 1.8% |
| |||||||
FinecoBank Banca Fineco SpA |
245,565 | 3,018,262 | ||||||
Intesa Sanpaolo SpA |
1,312,615 | 2,160,456 | ||||||
|
|
|||||||
5,178,718 | ||||||||
|
|
|||||||
Japan 17.7% |
| |||||||
Bridgestone Corp. |
130,500 | 4,218,620 | ||||||
Daikin Industries Ltd. |
24,400 | 3,770,290 | ||||||
Disco Corp. |
10,800 | 2,353,495 | ||||||
KDDI Corp. |
93,000 | 2,727,684 | ||||||
Keyence Corp. |
5,600 | 1,859,217 | ||||||
Kubota Corp. |
140,400 | 1,946,949 | ||||||
MISUMI Group, Inc. |
92,400 | 1,965,898 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
1,145,500 | 5,165,548 | ||||||
Murata Manufacturing Co. Ltd. |
46,400 | 2,131,381 | ||||||
Nabtesco Corp. |
98,900 | 2,025,099 | ||||||
Recruit Holdings Co. Ltd. |
85,700 | 2,473,578 | ||||||
Sekisui Chemical Co. Ltd. |
175,100 | 2,143,207 | ||||||
SMC Corp. |
8,500 | 3,429,094 | ||||||
Sony Group Corp. |
67,300 | 4,331,584 | ||||||
Terumo Corp. |
106,600 | 3,008,100 | ||||||
Tokio Marine Holdings, Inc. |
145,500 | 2,586,060 | ||||||
Toyota Motor Corp. |
326,000 | 4,243,487 | ||||||
|
|
|||||||
50,379,291 | ||||||||
|
|
|||||||
Netherlands 4.2% |
| |||||||
Aalberts NV |
41,464 | 1,354,876 | ||||||
Adyen NV(1)(2) |
1,296 | 1,612,287 | ||||||
Akzo Nobel NV |
44,681 | 2,519,835 | ||||||
ASML Holding NV |
9,652 | 4,003,566 | ||||||
Universal Music Group NV |
131,311 | 2,475,223 | ||||||
|
|
|||||||
11,965,787 | ||||||||
|
|
|||||||
Norway 2.4% |
| |||||||
DNB Bank ASA |
148,454 | 2,350,317 | ||||||
Equinor ASA |
133,966 | 4,418,678 | ||||||
|
|
|||||||
6,768,995 | ||||||||
|
|
|||||||
Republic of Korea 2.1% |
| |||||||
Samsung Electronics Co. Ltd. |
87,179 | 3,203,247 | ||||||
Samsung SDI Co. Ltd. |
7,030 | 2,652,356 | ||||||
|
|
|||||||
5,855,603 | ||||||||
|
|
|||||||
Spain 3.2% |
| |||||||
Banco Bilbao Vizcaya Argentaria SA |
586,331 | 2,633,541 | ||||||
CaixaBank SA |
436,933 | 1,407,971 | ||||||
Iberdrola SA |
558,802 | 5,194,834 | ||||||
|
|
|||||||
9,236,346 | ||||||||
|
|
|||||||
Sweden 1.9% |
| |||||||
Nibe Industrier AB, Class B |
52,340 | 464,722 | ||||||
Sandvik AB |
137,901 | 1,877,866 | ||||||
Svenska Handelsbanken AB, Class A |
380,715 | 3,111,032 | ||||||
|
|
|||||||
5,453,620 | ||||||||
|
|
|||||||
Switzerland 9.5% |
| |||||||
Alcon, Inc. |
31,518 | 1,825,208 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL EQUITY VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Switzerland (continued) |
| |||||||
Chocoladefabriken Lindt & Spruengli AG |
162 | $ | 1,565,325 | |||||
Cie Financiere Richemont SA (Reg S), Class A |
9,769 | 916,657 | ||||||
Lonza Group AG (Reg S) |
4,432 | 2,155,321 | ||||||
Nestle SA (Reg S) |
83,864 | 9,080,762 | ||||||
Roche Holding AG |
31,402 | 10,238,906 | ||||||
Sika AG (Reg S) |
6,531 | 1,307,821 | ||||||
|
|
|||||||
27,090,000 | ||||||||
|
|
|||||||
Taiwan 0.8% |
| |||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR |
32,234 | 2,209,963 | ||||||
|
|
|||||||
2,209,963 | ||||||||
|
|
|||||||
United Kingdom 22.4% |
| |||||||
Antofagasta PLC |
140,237 | 1,729,858 | ||||||
AstraZeneca PLC |
61,454 | 6,758,100 | ||||||
Bunzl PLC |
68,211 | 2,075,805 | ||||||
Burberry Group PLC |
156,023 | 3,111,273 | ||||||
Diageo PLC |
81,188 | 3,403,056 | ||||||
GSK PLC |
92,734 | 1,352,617 | ||||||
Haleon PLC(1) |
327,239 | 1,012,507 | ||||||
HSBC Holdings PLC |
844,340 | 4,375,292 | ||||||
Kingfisher PLC |
502,896 | 1,221,632 | ||||||
National Grid PLC |
316,501 | 3,266,240 | ||||||
Prudential PLC |
235,177 | 2,310,632 | ||||||
Reckitt Benckiser Group PLC |
91,380 | 6,039,432 | ||||||
RELX PLC |
141,078 | 3,444,085 | ||||||
Shell PLC |
403,017 | 10,053,676 | ||||||
Smith & Nephew PLC |
218,705 | 2,523,165 | ||||||
SSE PLC |
94,433 | 1,601,116 | ||||||
Tesco PLC |
1,162,580 | 2,661,982 | ||||||
Unilever PLC |
101,487 | 4,465,413 | ||||||
Vodafone Group PLC |
1,003,281 | 1,129,973 | ||||||
Whitbread PLC |
44,555 | 1,137,735 | ||||||
|
|
|||||||
63,673,589 | ||||||||
|
|
|||||||
United States 2.3% |
| |||||||
Booking Holdings, Inc.(1) |
2,009 | 3,301,209 | ||||||
Lululemon Athletica, Inc.(1) |
8,381 | 2,342,992 | ||||||
MercadoLibre, Inc.(1) |
1,090 | 902,280 | ||||||
|
|
|||||||
6,546,481 | ||||||||
|
|
|||||||
Total Common Stocks |
|
280,402,468 | ||||||
|
|
|||||||
Preferred Stocks 0.7% |
| |||||||
Germany 0.7% |
| |||||||
Dr. Ing. h.c. F. Porsche AG |
24,069 | 1,946,078 | ||||||
|
|
|||||||
Total Preferred Stocks |
|
1,946,078 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL EQUITY VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Short-Term Investments 1.2% |
||||||||
Repurchase Agreements 1.2% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 3,372,223 | $ | 3,372,223 | ||||
|
|
|||||||
Total Repurchase Agreements |
3,372,223 | |||||||
|
|
|||||||
Total Investments 100.4% |
285,720,769 | |||||||
|
|
|||||||
Liabilities in excess of other assets (0.4)% |
(1,009,363 | ) | ||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 284,711,406 | ||||||
|
|
(1) | Nonincomeproducing security. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $2,438,446, representing 0.9% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
10-Year U.S. TIPS |
0.625 | % | 1/15/2024 | $ | 2,770,800 | $ | 3,439,746 |
Legend:
ADR American Depositary Receipt
TIPS Treasury Inflation-Protected Security
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL EQUITY VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
||||||||||||||||
Australia |
$ | | $ | 5,716,875 | * | $ | | $ | 5,716,875 | |||||||
Austria |
| 2,427,212 | * | | 2,427,212 | |||||||||||
Belgium |
| 4,782,223 | * | | 4,782,223 | |||||||||||
Brazil |
1,362,998 | | | 1,362,998 | ||||||||||||
Canada |
6,653,989 | | | 6,653,989 | ||||||||||||
Cayman Islands |
| 3,865,312 | * | | 3,865,312 | |||||||||||
Denmark |
| 3,208,823 | * | | 3,208,823 | |||||||||||
France |
| 15,564,738 | * | | 15,564,738 | |||||||||||
Germany |
| 24,006,629 | * | | 24,006,629 | |||||||||||
Hong Kong |
| 10,839,895 | * | | 10,839,895 | |||||||||||
India |
3,109,405 | | | 3,109,405 | ||||||||||||
Indonesia |
| 2,324,839 | * | | 2,324,839 | |||||||||||
Israel |
2,181,137 | | | 2,181,137 | ||||||||||||
Italy |
| 5,178,718 | * | | 5,178,718 | |||||||||||
Japan |
| 50,379,291 | * | | 50,379,291 | |||||||||||
Netherlands |
| 11,965,787 | * | | 11,965,787 | |||||||||||
Norway |
| 6,768,995 | * | | 6,768,995 | |||||||||||
Republic of Korea |
| 5,855,603 | * | | 5,855,603 | |||||||||||
Spain |
| 9,236,346 | * | | 9,236,346 | |||||||||||
Sweden |
| 5,453,620 | * | | 5,453,620 | |||||||||||
Switzerland |
| 27,090,000 | * | | 27,090,000 | |||||||||||
Taiwan |
2,209,963 | | | 2,209,963 | ||||||||||||
United Kingdom |
| 63,673,589 | * | | 63,673,589 | |||||||||||
United States |
6,546,481 | | | 6,546,481 | ||||||||||||
Preferred Stocks |
||||||||||||||||
Germany |
1,946,078 | | | 1,946,078 | ||||||||||||
Repurchase Agreements |
| 3,372,223 | | 3,372,223 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 24,010,051 | $ | 261,710,718 | $ | | $ | 285,720,769 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.9% |
| |||||||
Aerospace & Defense 1.0% |
| |||||||
Raytheon Technologies Corp. |
53,131 | $ | 4,349,304 | |||||
|
|
|||||||
4,349,304 | ||||||||
|
|
|||||||
Automobiles 2.8% |
| |||||||
Tesla, Inc.(1) |
44,612 | 11,833,333 | ||||||
|
|
|||||||
11,833,333 | ||||||||
|
|
|||||||
Beverages 3.2% |
| |||||||
Constellation Brands, Inc., Class A |
26,750 | 6,143,940 | ||||||
Monster Beverage Corp.(1) |
82,506 | 7,174,722 | ||||||
|
|
|||||||
13,318,662 | ||||||||
|
|
|||||||
Biotechnology 4.1% |
| |||||||
Regeneron Pharmaceuticals, Inc.(1) |
8,084 | 5,568,825 | ||||||
Seagen, Inc.(1) |
26,713 | 3,655,140 | ||||||
Vertex Pharmaceuticals, Inc.(1) |
27,967 | 8,097,565 | ||||||
|
|
|||||||
17,321,530 | ||||||||
|
|
|||||||
Building Products 2.6% |
| |||||||
Builders FirstSource, Inc.(1) |
38,957 | 2,295,347 | ||||||
Fortune Brands Home & Security, Inc. |
64,099 | 3,441,475 | ||||||
Johnson Controls International PLC |
106,169 | 5,225,638 | ||||||
|
|
|||||||
10,962,460 | ||||||||
|
|
|||||||
Capital Markets 2.4% |
| |||||||
Ares Management Corp., Class A |
38,524 | 2,386,562 | ||||||
Morgan Stanley |
52,748 | 4,167,620 | ||||||
S&P Global, Inc. |
12,012 | 3,667,864 | ||||||
|
|
|||||||
10,222,046 | ||||||||
|
|
|||||||
Chemicals 1.4% |
| |||||||
PPG Industries, Inc. |
53,002 | 5,866,791 | ||||||
|
|
|||||||
5,866,791 | ||||||||
|
|
|||||||
Consumer Finance 1.5% |
| |||||||
American Express Co. |
45,663 | 6,160,395 | ||||||
|
|
|||||||
6,160,395 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.5% |
| |||||||
Amphenol Corp., Class A |
69,427 | 4,648,832 | ||||||
CDW Corp. |
36,605 | 5,713,308 | ||||||
|
|
|||||||
10,362,140 | ||||||||
|
|
|||||||
Entertainment 0.9% |
| |||||||
Walt Disney Co.(1) |
41,189 | 3,885,358 | ||||||
|
|
|||||||
3,885,358 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.7% |
| |||||||
Prologis, Inc. |
40,165 | 4,080,764 | ||||||
Rexford Industrial Realty, Inc. |
58,792 | 3,057,184 | ||||||
|
|
|||||||
7,137,948 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 2.2% |
| |||||||
Align Technology, Inc.(1) |
10,293 | 2,131,783 | ||||||
Edwards Lifesciences Corp.(1) |
50,139 | 4,142,986 | ||||||
Teleflex, Inc. |
14,932 | 3,008,201 | ||||||
|
|
|||||||
9,282,970 | ||||||||
|
|
|||||||
Health Care Providers & Services 4.0% |
| |||||||
R1 RCM, Inc.(1) |
140,943 | 2,611,674 | ||||||
UnitedHealth Group, Inc. |
27,797 | 14,038,597 | ||||||
|
|
|||||||
16,650,271 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Hotels, Restaurants & Leisure 3.4% |
| |||||||
Airbnb, Inc., Class A(1) |
36,682 | $ | 3,853,077 | |||||
Booking Holdings, Inc.(1) |
2,457 | 4,037,367 | ||||||
Chipotle Mexican Grill, Inc.(1) |
4,225 | 6,349,161 | ||||||
|
|
|||||||
14,239,605 | ||||||||
|
|
|||||||
Interactive Media & Services 6.0% |
| |||||||
Alphabet, Inc., Class A(1) |
197,476 | 18,888,579 | ||||||
Meta Platforms, Inc., Class A(1) |
29,798 | 4,042,993 | ||||||
ZoomInfo Technologies, Inc.(1) |
56,722 | 2,363,039 | ||||||
|
|
|||||||
25,294,611 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 7.3% |
| |||||||
Amazon.com, Inc.(1) |
246,292 | 27,830,996 | ||||||
Etsy, Inc.(1) |
26,442 | 2,647,638 | ||||||
|
|
|||||||
30,478,634 | ||||||||
|
|
|||||||
IT Services 5.3% |
| |||||||
Block, Inc.(1) |
34,777 | 1,912,387 | ||||||
FleetCor Technologies, Inc.(1) |
26,923 | 4,743,025 | ||||||
Global Payments, Inc. |
35,456 | 3,831,021 | ||||||
Mastercard, Inc., Class A |
40,569 | 11,535,389 | ||||||
|
|
|||||||
22,021,822 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.6% |
| |||||||
Thermo Fisher Scientific, Inc. |
12,953 | 6,569,632 | ||||||
|
|
|||||||
6,569,632 | ||||||||
|
|
|||||||
Machinery 3.1% |
| |||||||
Deere & Co. |
25,404 | 8,482,142 | ||||||
Nordson Corp. |
21,744 | 4,615,599 | ||||||
|
|
|||||||
13,097,741 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 1.4% |
| |||||||
Pioneer Natural Resources Co. |
26,296 | 5,693,873 | ||||||
|
|
|||||||
5,693,873 | ||||||||
|
|
|||||||
Personal Products 1.4% |
| |||||||
Estee Lauder Cos., Inc., Class A |
27,576 | 5,953,658 | ||||||
|
|
|||||||
5,953,658 | ||||||||
|
|
|||||||
Pharmaceuticals 2.7% |
| |||||||
Eli Lilly and Co. |
34,523 | 11,163,012 | ||||||
|
|
|||||||
11,163,012 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 7.3% |
| |||||||
Advanced Micro Devices, Inc.(1) |
66,762 | 4,230,040 | ||||||
KLA Corp. |
14,291 | 4,324,885 | ||||||
Marvell Technology, Inc. |
53,511 | 2,296,157 | ||||||
NVIDIA Corp. |
69,544 | 8,441,946 | ||||||
Teradyne, Inc. |
33,510 | 2,518,277 | ||||||
Texas Instruments, Inc. |
56,305 | 8,714,888 | ||||||
|
|
|||||||
30,526,193 | ||||||||
|
|
|||||||
Software 14.9% |
| |||||||
Five9, Inc.(1) |
36,475 | 2,734,895 | ||||||
Microsoft Corp. |
147,979 | 34,464,309 | ||||||
Palo Alto Networks, Inc.(1) |
40,764 | 6,676,736 | ||||||
Paycom Software, Inc.(1) |
13,947 | 4,602,371 | ||||||
Salesforce, Inc.(1) |
40,798 | 5,868,384 | ||||||
ServiceNow, Inc.(1) |
15,889 | 5,999,845 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||||||||||||
Common Stocks (continued) |
| |||||||||||||||||
Software (continued) |
| |||||||||||||||||
Workday, Inc., Class A(1) |
|
14,841 | $ | 2,259,097 | ||||||||||||||
|
|
|||||||||||||||||
62,605,637 | ||||||||||||||||||
|
|
|||||||||||||||||
Specialty Retail 2.0% |
| |||||||||||||||||
TJX Cos., Inc. |
|
136,403 | 8,473,354 | |||||||||||||||
|
|
|||||||||||||||||
8,473,354 | ||||||||||||||||||
|
|
|||||||||||||||||
Technology Hardware, Storage & Peripherals 10.3% |
| |||||||||||||||||
Apple, Inc. |
|
291,651 | 40,306,168 | |||||||||||||||
NetApp, Inc. |
|
42,850 | 2,650,273 | |||||||||||||||
|
|
|||||||||||||||||
42,956,441 | ||||||||||||||||||
|
|
|||||||||||||||||
Textiles, Apparel & Luxury Goods 2.9% |
| |||||||||||||||||
Lululemon Athletica, Inc.(1) |
|
20,282 | 5,670,036 | |||||||||||||||
NIKE, Inc., Class B |
|
77,454 | 6,437,976 | |||||||||||||||
|
|
|||||||||||||||||
12,108,012 | ||||||||||||||||||
|
|
|||||||||||||||||
Total Common Stocks |
|
418,535,433 | ||||||||||||||||
|
|
|||||||||||||||||
Principal Amount |
Value | |||||||||||||||||
Short-Term Investments 0.3% |
| |||||||||||||||||
Repurchase Agreements 0.3% |
| |||||||||||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value
of |
$ | 1,354,734 | 1,354,734 | |||||||||||||||
|
|
|||||||||||||||||
Total Repurchase Agreements |
|
1,354,734 | ||||||||||||||||
|
|
|||||||||||||||||
Total Investments 100.2% |
|
419,890,167 | ||||||||||||||||
|
|
|||||||||||||||||
Liabilities in excess of other assets (0.2)% |
|
(778,910 | ) | |||||||||||||||
|
|
|||||||||||||||||
Total Net Assets 100.0% |
|
$ | 419,111,257 | |||||||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.875 | % | 1/31/2024 | $ | 1,445,200 | $ | 1,381,916 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 418,535,433 | $ | | $ | | $ | 418,535,433 | ||||||||
Repurchase Agreements |
| 1,354,734 | | 1,354,734 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 418,535,433 | $ | 1,354,734 | $ | | $ | 419,890,167 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 96.4% |
| |||||||
Aerospace & Defense 2.2% |
| |||||||
General Dynamics Corp. |
7,345 | $ | 1,558,389 | |||||
Howmet Aerospace, Inc. |
57,156 | 1,767,835 | ||||||
|
|
|||||||
3,326,224 | ||||||||
|
|
|||||||
Banks 7.6% |
| |||||||
Bank of America Corp. |
71,154 | 2,148,851 | ||||||
JPMorgan Chase & Co. |
46,482 | 4,857,369 | ||||||
Truist Financial Corp. |
31,390 | 1,366,721 | ||||||
Wells Fargo & Co. |
80,879 | 3,252,953 | ||||||
|
|
|||||||
11,625,894 | ||||||||
|
|
|||||||
Beverages 2.7% |
| |||||||
Coca-Cola Europacific Partners PLC |
27,648 | 1,178,358 | ||||||
Keurig Dr Pepper, Inc. |
83,150 | 2,978,433 | ||||||
|
|
|||||||
4,156,791 | ||||||||
|
|
|||||||
Biotechnology 1.8% |
| |||||||
AbbVie, Inc. |
20,456 | 2,745,400 | ||||||
|
|
|||||||
2,745,400 | ||||||||
|
|
|||||||
Building Products 1.2% |
| |||||||
Allegion PLC |
9,027 | 809,541 | ||||||
Masco Corp. |
22,734 | 1,061,451 | ||||||
|
|
|||||||
1,870,992 | ||||||||
|
|
|||||||
Capital Markets 4.3% |
| |||||||
Charles Schwab Corp. |
49,848 | 3,582,576 | ||||||
Goldman Sachs Group, Inc. |
7,116 | 2,085,344 | ||||||
Intercontinental Exchange, Inc. |
9,945 | 898,530 | ||||||
|
|
|||||||
6,566,450 | ||||||||
|
|
|||||||
Chemicals 2.9% |
| |||||||
Axalta Coating Systems Ltd.(1) |
60,566 | 1,275,520 | ||||||
DuPont de Nemours, Inc. |
44,263 | 2,230,855 | ||||||
Olin Corp. |
20,214 | 866,776 | ||||||
|
|
|||||||
4,373,151 | ||||||||
|
|
|||||||
Communications Equipment 1.8% |
| |||||||
Cisco Systems, Inc. |
70,620 | 2,824,800 | ||||||
|
|
|||||||
2,824,800 | ||||||||
|
|
|||||||
Construction Materials 0.7% |
| |||||||
CRH PLC, ADR |
31,848 | 1,026,461 | ||||||
|
|
|||||||
1,026,461 | ||||||||
|
|
|||||||
Consumer Finance 0.4% |
| |||||||
Capital One Financial Corp. |
7,230 | 666,389 | ||||||
|
|
|||||||
666,389 | ||||||||
|
|
|||||||
Distributors 0.8% |
| |||||||
LKQ Corp. |
24,999 | 1,178,703 | ||||||
|
|
|||||||
1,178,703 | ||||||||
|
|
|||||||
Diversified Financial Services 3.2% |
| |||||||
Berkshire Hathaway, Inc., Class B(1) |
18,464 | 4,930,257 | ||||||
|
|
|||||||
4,930,257 | ||||||||
|
|
|||||||
Electric Utilities 0.6% |
| |||||||
FirstEnergy Corp. |
26,271 | 972,027 | ||||||
|
|
|||||||
972,027 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Electrical Equipment 1.2% |
||||||||
Eaton Corp. PLC |
13,519 | $ | 1,802,894 | |||||
|
|
|||||||
1,802,894 | ||||||||
|
|
|||||||
Energy Equipment & Services 1.3% |
||||||||
Schlumberger NV |
54,136 | 1,943,482 | ||||||
|
|
|||||||
1,943,482 | ||||||||
|
|
|||||||
Entertainment 0.4% |
||||||||
Activision Blizzard, Inc. |
7,709 | 573,087 | ||||||
|
|
|||||||
573,087 | ||||||||
|
|
|||||||
Food & Staples Retailing 0.6% |
||||||||
US Foods Holding Corp.(1) |
33,600 | 888,384 | ||||||
|
|
|||||||
888,384 | ||||||||
|
|
|||||||
Health Care Providers & Services 10.3% |
||||||||
AmerisourceBergen Corp. |
12,652 | 1,712,195 | ||||||
Centene Corp.(1) |
39,015 | 3,035,757 | ||||||
Cigna Corp. |
12,323 | 3,419,263 | ||||||
CVS Health Corp. |
37,763 | 3,601,457 | ||||||
McKesson Corp. |
2,400 | 815,688 | ||||||
UnitedHealth Group, Inc. |
6,134 | 3,097,916 | ||||||
|
|
|||||||
15,682,276 | ||||||||
|
|
|||||||
Household Durables 1.1% |
||||||||
Mohawk Industries, Inc.(1) |
10,557 | 962,693 | ||||||
Sony Group Corp., ADR |
10,950 | 701,347 | ||||||
|
|
|||||||
1,664,040 | ||||||||
|
|
|||||||
Insurance 2.2% |
||||||||
Allstate Corp. |
5,540 | 689,896 | ||||||
Chubb Ltd. |
9,301 | 1,691,666 | ||||||
Everest Re Group Ltd. |
4,064 | 1,066,556 | ||||||
|
|
|||||||
3,448,118 | ||||||||
|
|
|||||||
Interactive Media & Services 4.0% |
||||||||
Alphabet, Inc., Class A(1) |
39,089 | 3,738,863 | ||||||
Meta Platforms, Inc., Class A(1) |
17,289 | 2,345,771 | ||||||
|
|
|||||||
6,084,634 | ||||||||
|
|
|||||||
IT Services 4.7% |
||||||||
Cognizant Technology Solutions Corp., Class A |
24,382 | 1,400,502 | ||||||
Fidelity National Information Services, Inc. |
24,856 | 1,878,368 | ||||||
FleetCor Technologies, Inc.(1) |
7,471 | 1,316,166 | ||||||
Global Payments, Inc. |
12,854 | 1,388,875 | ||||||
SS&C Technologies Holdings, Inc. |
24,490 | 1,169,397 | ||||||
|
|
|||||||
7,153,308 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.7% |
||||||||
Avantor, Inc.(1) |
67,731 | 1,327,528 | ||||||
ICON PLC(1) |
6,550 | 1,203,759 | ||||||
|
|
|||||||
2,531,287 | ||||||||
|
|
|||||||
Machinery 4.5% |
||||||||
Caterpillar, Inc. |
6,690 | 1,097,695 | ||||||
Deere & Co. |
5,595 | 1,868,115 | ||||||
Dover Corp. |
6,184 | 720,931 | ||||||
Fortive Corp. |
15,898 | 926,853 | ||||||
Otis Worldwide Corp. |
22,379 | 1,427,780 | ||||||
Westinghouse Air Brake Technologies Corp. |
11,191 | 910,388 | ||||||
|
|
|||||||
6,951,762 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Multi-Utilities 2.0% |
||||||||
CenterPoint Energy, Inc. |
56,178 | $ | 1,583,096 | |||||
Dominion Energy, Inc. |
21,178 | 1,463,612 | ||||||
|
|
|||||||
3,046,708 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 11.4% |
||||||||
Canadian Natural Resources Ltd. |
42,842 | 1,995,152 | ||||||
Cenovus Energy, Inc. |
99,123 | 1,523,521 | ||||||
ConocoPhillips |
55,774 | 5,707,911 | ||||||
Devon Energy Corp. |
29,827 | 1,793,497 | ||||||
EOG Resources, Inc. |
11,938 | 1,333,833 | ||||||
Marathon Petroleum Corp. |
27,179 | 2,699,690 | ||||||
Pioneer Natural Resources Co. |
11,103 | 2,404,133 | ||||||
|
|
|||||||
17,457,737 | ||||||||
|
|
|||||||
Pharmaceuticals 8.7% |
||||||||
Bristol Myers Squibb Co. |
44,024 | 3,129,666 | ||||||
Johnson & Johnson |
37,622 | 6,145,930 | ||||||
Novartis AG, ADR |
10,699 | 813,231 | ||||||
Sanofi, ADR |
83,534 | 3,175,963 | ||||||
|
|
|||||||
13,264,790 | ||||||||
|
|
|||||||
Professional Services 0.8% |
||||||||
Leidos Holdings, Inc. |
14,054 | 1,229,303 | ||||||
|
|
|||||||
1,229,303 | ||||||||
|
|
|||||||
Road & Rail 1.0% |
||||||||
Union Pacific Corp. |
8,261 | 1,609,408 | ||||||
|
|
|||||||
1,609,408 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 5.1% |
||||||||
Applied Materials, Inc. |
14,338 | 1,174,712 | ||||||
Lam Research Corp. |
1,325 | 484,950 | ||||||
Microchip Technology, Inc. |
21,640 | 1,320,689 | ||||||
Micron Technology, Inc. |
22,426 | 1,123,543 | ||||||
NXP Semiconductors NV |
1,919 | 283,072 | ||||||
Qorvo, Inc.(1) |
11,156 | 885,898 | ||||||
QUALCOMM, Inc. |
22,171 | 2,504,879 | ||||||
|
|
|||||||
7,777,743 | ||||||||
|
|
|||||||
Specialty Retail 2.6% |
||||||||
AutoZone, Inc.(1) |
1,872 | 4,009,693 | ||||||
|
|
|||||||
4,009,693 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.1% |
||||||||
United Rentals, Inc.(1) |
6,540 | 1,766,585 | ||||||
|
|
|||||||
1,766,585 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 1.5% |
||||||||
T-Mobile US, Inc.(1) |
17,035 | 2,285,586 | ||||||
|
|
|||||||
2,285,586 | ||||||||
|
|
|||||||
Total Common Stocks |
147,434,364 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 3.6% |
||||||||
Repurchase Agreements 3.6% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 5,495,873 | 5,495,873 | |||||
|
|
|||||||
Total Repurchase Agreements |
5,495,873 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2022 (unaudited) |
Value | |||||||||||
Total Investments 100.0% |
$ | 152,930,237 | ||||||||||
|
|
|||||||||||
Liabilities in excess of other assets (0.0)% |
(57,991 | ) | ||||||||||
|
|
|||||||||||
Total Net Assets 100.0% |
$ | 152,872,246 | ||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.875 | % | 1/31/2024 | $ | 5,862,600 | $ | 5,605,883 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 147,434,364 | $ | | $ | | $ | 147,434,364 | ||||||||
Repurchase Agreements |
| 5,495,873 | | 5,495,873 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 147,434,364 | $ | 5,495,873 | $ | | $ | 152,930,237 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.4% |
||||||||
Aerospace & Defense 2.3% |
||||||||
Raytheon Technologies Corp. |
65,220 | $ | 5,338,909 | |||||
|
|
|||||||
5,338,909 | ||||||||
|
|
|||||||
Air Freight & Logistics 2.4% |
||||||||
United Parcel Service, Inc., Class B |
34,456 | 5,566,022 | ||||||
|
|
|||||||
5,566,022 | ||||||||
|
|
|||||||
Auto Components 1.2% |
||||||||
Aptiv PLC(1) |
34,574 | 2,704,033 | ||||||
|
|
|||||||
2,704,033 | ||||||||
|
|
|||||||
Beverages 2.5% |
||||||||
Monster Beverage Corp.(1) |
66,490 | 5,781,970 | ||||||
|
|
|||||||
5,781,970 | ||||||||
|
|
|||||||
Capital Markets 2.6% |
||||||||
S&P Global, Inc. |
19,723 | 6,022,418 | ||||||
|
|
|||||||
6,022,418 | ||||||||
|
|
|||||||
Chemicals 1.3% |
||||||||
Sherwin-Williams Co. |
14,500 | 2,968,875 | ||||||
|
|
|||||||
2,968,875 | ||||||||
|
|
|||||||
Electrical Equipment 2.3% |
||||||||
Eaton Corp. PLC |
39,240 | 5,233,046 | ||||||
|
|
|||||||
5,233,046 | ||||||||
|
|
|||||||
Entertainment 3.8% |
||||||||
Netflix, Inc.(1) |
20,600 | 4,850,064 | ||||||
Sea Ltd., ADR(1) |
29,560 | 1,656,838 | ||||||
Walt Disney Co.(1) |
23,919 | 2,256,279 | ||||||
|
|
|||||||
8,763,181 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.6% |
||||||||
Equinix, Inc. |
6,527 | 3,712,819 | ||||||
|
|
|||||||
3,712,819 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 6.9% |
||||||||
Alcon, Inc. |
76,060 | 4,425,171 | ||||||
Dexcom, Inc.(1) |
45,800 | 3,688,732 | ||||||
Intuitive Surgical, Inc.(1) |
20,270 | 3,799,409 | ||||||
Stryker Corp. |
19,500 | 3,949,530 | ||||||
|
|
|||||||
15,862,842 | ||||||||
|
|
|||||||
Health Care Providers & Services 5.4% |
||||||||
UnitedHealth Group, Inc. |
24,447 | 12,346,713 | ||||||
|
|
|||||||
12,346,713 | ||||||||
|
|
|||||||
Insurance 0.5% |
||||||||
Marsh & McLennan Cos., Inc. |
7,900 | 1,179,391 | ||||||
|
|
|||||||
1,179,391 | ||||||||
|
|
|||||||
Interactive Media & Services 3.1% |
||||||||
Meta Platforms, Inc., Class A(1) |
53,413 | 7,247,076 | ||||||
|
|
|||||||
7,247,076 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 9.2% |
||||||||
Amazon.com, Inc.(1) |
188,300 | 21,277,900 | ||||||
|
|
|||||||
21,277,900 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
IT Services 7.9% |
||||||||
PayPal Holdings, Inc.(1) |
62,715 | $ | 5,397,880 | |||||
Visa, Inc., Class A |
71,587 | 12,717,431 | ||||||
|
|
|||||||
18,115,311 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 3.8% |
||||||||
Thermo Fisher Scientific, Inc. |
17,032 | 8,638,460 | ||||||
|
|
|||||||
8,638,460 | ||||||||
|
|
|||||||
Pharmaceuticals 2.9% |
||||||||
Zoetis, Inc. |
45,221 | 6,705,822 | ||||||
|
|
|||||||
6,705,822 | ||||||||
|
|
|||||||
Road & Rail 1.5% |
||||||||
Uber Technologies, Inc.(1) |
134,082 | 3,553,173 | ||||||
|
|
|||||||
3,553,173 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 4.8% |
||||||||
ASML Holding NV |
6,200 | 2,575,170 | ||||||
Intel Corp. |
73,600 | 1,896,672 | ||||||
NVIDIA Corp. |
53,232 | 6,461,832 | ||||||
|
|
|||||||
10,933,674 | ||||||||
|
|
|||||||
Software 19.7% |
||||||||
Adobe, Inc.(1) |
11,460 | 3,153,792 | ||||||
Atlassian Corp. PLC, Class A(1) |
19,390 | 4,083,340 | ||||||
Microsoft Corp. |
73,004 | 17,002,631 | ||||||
Palo Alto Networks, Inc.(1) |
49,482 | 8,104,657 | ||||||
Salesforce, Inc.(1) |
41,550 | 5,976,552 | ||||||
Splunk, Inc.(1) |
37,681 | 2,833,611 | ||||||
Unity Software, Inc.(1) |
27,000 | 860,220 | ||||||
Workday, Inc., Class A(1) |
22,530 | 3,429,517 | ||||||
|
|
|||||||
45,444,320 | ||||||||
|
|
|||||||
Specialty Retail 2.9% |
||||||||
Advance Auto Parts, Inc. |
21,760 | 3,401,958 | ||||||
Tractor Supply Co. |
17,120 | 3,182,266 | ||||||
|
|
|||||||
6,584,224 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 4.8% |
||||||||
Apple, Inc. |
80,544 | 11,131,181 | ||||||
|
|
|||||||
11,131,181 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.6% |
||||||||
NIKE, Inc., Class B |
43,800 | 3,640,656 | ||||||
|
|
|||||||
3,640,656 | ||||||||
|
|
|||||||
Trading Companies & Distributors 2.4% |
||||||||
WW Grainger, Inc. |
11,379 | 5,566,493 | ||||||
|
|
|||||||
5,566,493 | ||||||||
|
|
|||||||
Total Common Stocks |
224,318,509 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 3.1% |
||||||||
Repurchase Agreements 3.1% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 7,067,579 | 7,067,579 | |||||
|
|
|||||||
Total Repurchase Agreements |
7,067,579 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Value | |||||||||||
Total Investments 100.5% |
$ | 231,386,088 | ||||||||||
|
|
|||||||||||
Liabilities in excess of other assets (0.5)% |
(1,228,029 | ) | ||||||||||
|
|
|||||||||||
Total Net Assets 100.0% |
$ | 230,158,059 | ||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 7,527,700 | $ | 7,208,947 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 224,318,509 | $ | | $ | | $ | 224,318,509 | ||||||||
Repurchase Agreements |
| 7,067,579 | | 7,067,579 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 224,318,509 | $ | 7,067,579 | $ | | $ | 231,386,088 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.2% |
||||||||
Aerospace & Defense 1.7% |
||||||||
L3Harris Technologies, Inc. |
6,794 | $ | 1,411,997 | |||||
|
|
|||||||
1,411,997 | ||||||||
|
|
|||||||
Airlines 0.8% |
||||||||
Ryanair Holdings PLC, ADR(1) |
11,560 | 675,335 | ||||||
|
|
|||||||
675,335 | ||||||||
|
|
|||||||
Auto Components 0.5% |
||||||||
Visteon Corp.(1) |
3,861 | 409,498 | ||||||
|
|
|||||||
409,498 | ||||||||
|
|
|||||||
Banks 0.5% |
||||||||
SVB Financial Group(1) |
1,095 | 367,679 | ||||||
|
|
|||||||
367,679 | ||||||||
|
|
|||||||
Biotechnology 3.2% |
||||||||
Abcam PLC, ADR(1) |
15,069 | 225,884 | ||||||
Ascendis Pharma A/S, ADR(1) |
5,181 | 534,990 | ||||||
BioMarin Pharmaceutical, Inc.(1) |
8,219 | 696,725 | ||||||
Neurocrine Biosciences, Inc.(1) |
5,273 | 560,045 | ||||||
Sarepta Therapeutics, Inc.(1) |
5,750 | 635,605 | ||||||
|
|
|||||||
2,653,249 | ||||||||
|
|
|||||||
Capital Markets 6.8% |
||||||||
Cboe Global Markets, Inc. |
7,693 | 902,927 | ||||||
Charles Schwab Corp. |
11,301 | 812,203 | ||||||
LPL Financial Holdings, Inc. |
15,785 | 3,448,707 | ||||||
MSCI, Inc. |
990 | 417,572 | ||||||
|
|
|||||||
5,581,409 | ||||||||
|
|
|||||||
Chemicals 0.8% |
||||||||
Corteva, Inc. |
11,323 | 647,110 | ||||||
|
|
|||||||
647,110 | ||||||||
|
|
|||||||
Commercial Services & Supplies 1.8% |
||||||||
Cimpress PLC(1) |
11,593 | 283,797 | ||||||
Rentokil Initial PLC (United Kingdom) |
23,656 | 124,913 | ||||||
Ritchie Bros Auctioneers, Inc. |
17,075 | 1,066,846 | ||||||
|
|
|||||||
1,475,556 | ||||||||
|
|
|||||||
Containers & Packaging 1.1% |
||||||||
Sealed Air Corp. |
20,582 | 916,105 | ||||||
|
|
|||||||
916,105 | ||||||||
|
|
|||||||
Diversified Consumer Services 1.4% |
||||||||
Frontdoor, Inc.(1) |
17,693 | 360,760 | ||||||
Terminix Global Holdings, Inc.(1) |
21,069 | 806,732 | ||||||
|
|
|||||||
1,167,492 | ||||||||
|
|
|||||||
Electric Utilities 0.8% |
||||||||
Alliant Energy Corp. |
12,372 | 655,592 | ||||||
|
|
|||||||
655,592 | ||||||||
|
|
|||||||
Electrical Equipment 3.0% |
||||||||
Regal Rexnord Corp. |
4,144 | 581,652 | ||||||
Sensata Technologies Holding PLC |
51,063 | 1,903,629 | ||||||
|
|
|||||||
2,485,281 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 8.2% |
||||||||
Flex Ltd.(1) |
97,320 | 1,621,351 | ||||||
National Instruments Corp. |
32,003 | 1,207,793 | ||||||
TE Connectivity Ltd. |
21,851 | 2,411,476 | ||||||
Teledyne Technologies, Inc.(1) |
4,601 | 1,552,700 | ||||||
|
|
|||||||
6,793,320 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Entertainment 1.8% |
||||||||
Liberty Media Corp-Liberty Formula One, Class C(1) |
25,588 | $ | 1,496,898 | |||||
|
|
|||||||
1,496,898 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.5% |
||||||||
Lamar Advertising Co., Class A |
15,053 | 1,241,722 | ||||||
|
|
|||||||
1,241,722 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 7.5% |
||||||||
Boston Scientific Corp.(1) |
61,052 | 2,364,544 | ||||||
Cooper Cos., Inc. |
3,147 | 830,493 | ||||||
Dentsply Sirona, Inc. |
19,971 | 566,178 | ||||||
ICU Medical, Inc.(1) |
6,496 | 978,298 | ||||||
Teleflex, Inc. |
7,383 | 1,487,379 | ||||||
|
|
|||||||
6,226,892 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.9% |
||||||||
Aramark |
34,987 | 1,091,594 | ||||||
Entain PLC (United Kingdom) |
43,025 | 516,675 | ||||||
|
|
|||||||
1,608,269 | ||||||||
|
|
|||||||
Insurance 7.3% |
||||||||
Aon PLC, Class A |
2,363 | 632,977 | ||||||
Intact Financial Corp. (Canada) |
16,528 | 2,339,059 | ||||||
Ryan Specialty Holdings Inc(1) |
16,005 | 650,123 | ||||||
WR Berkley Corp. |
36,843 | 2,379,321 | ||||||
|
|
|||||||
6,001,480 | ||||||||
|
|
|||||||
Interactive Media & Services 0.5% |
||||||||
Ziff Davis, Inc.(1) |
6,430 | 440,326 | ||||||
|
|
|||||||
440,326 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 0.2% |
||||||||
Wayfair, Inc., Class A(1) |
5,500 | 179,025 | ||||||
|
|
|||||||
179,025 | ||||||||
|
|
|||||||
IT Services 13.8% |
||||||||
Amdocs Ltd. |
26,134 | 2,076,346 | ||||||
Broadridge Financial Solutions, Inc. |
8,318 | 1,200,454 | ||||||
Fidelity National Information Services, Inc. |
13,101 | 990,043 | ||||||
Global Payments, Inc. |
9,670 | 1,044,844 | ||||||
GoDaddy, Inc., Class A(1) |
29,357 | 2,080,824 | ||||||
SS&C Technologies Holdings, Inc. |
43,788 | 2,090,877 | ||||||
WEX, Inc.(1) |
15,411 | 1,956,272 | ||||||
|
|
|||||||
11,439,660 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 3.6% |
||||||||
Avantor, Inc.(1) |
42,248 | 828,061 | ||||||
Illumina, Inc.(1) |
3,427 | 653,837 | ||||||
PerkinElmer, Inc. |
8,398 | 1,010,531 | ||||||
Waters Corp.(1) |
1,781 | 480,033 | ||||||
|
|
|||||||
2,972,462 | ||||||||
|
|
|||||||
Machinery 3.1% |
||||||||
Ingersoll Rand, Inc. |
31,839 | 1,377,355 | ||||||
Westinghouse Air Brake Technologies Corp. |
14,129 | 1,149,394 | ||||||
|
|
|||||||
2,526,749 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Multiline Retail 0.4% |
| |||||||
Dollar Tree, Inc.(1) |
2,693 | $ | 366,517 | |||||
|
|
|||||||
366,517 | ||||||||
|
|
|||||||
Pharmaceuticals 1.7% |
| |||||||
Catalent, Inc.(1) |
13,376 | 967,887 | ||||||
Elanco Animal Health, Inc.(1) |
32,511 | 403,462 | ||||||
|
|
|||||||
1,371,349 | ||||||||
|
|
|||||||
Professional Services 0.2% |
| |||||||
Upwork, Inc.(1) |
9,637 | 131,256 | ||||||
|
|
|||||||
131,256 | ||||||||
|
|
|||||||
Road & Rail 2.6% |
| |||||||
JB Hunt Transport Services, Inc. |
13,787 | 2,156,563 | ||||||
|
|
|||||||
2,156,563 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 8.6% |
| |||||||
KLA Corp. |
4,047 | 1,224,743 | ||||||
Lam Research Corp. |
1,452 | 531,432 | ||||||
Microchip Technology, Inc. |
20,136 | 1,228,900 | ||||||
NXP Semiconductors NV |
6,543 | 965,158 | ||||||
ON Semiconductor Corp.(1) |
51,105 | 3,185,375 | ||||||
|
|
|||||||
7,135,608 | ||||||||
|
|
|||||||
Software 7.2% |
| |||||||
Atlassian Corp. PLC, Class A(1) |
2,716 | 571,963 | ||||||
Ceridian HCM Holding, Inc.(1) |
18,322 | 1,023,833 | ||||||
Constellation Software, Inc. (Canada) |
1,742 | 2,423,919 | ||||||
Dynatrace, Inc.(1) |
13,829 | 481,388 | ||||||
Nice Ltd., ADR(1) |
6,364 | 1,197,959 | ||||||
Topicus.com, Inc. (Canada)(1) |
4,776 | 229,646 | ||||||
|
|
|||||||
5,928,708 | ||||||||
|
|
|||||||
Specialty Retail 2.0% |
| |||||||
Burlington Stores, Inc.(1) |
4,105 | 459,308 | ||||||
CarMax, Inc.(1) |
18,092 | 1,194,434 | ||||||
|
|
|||||||
1,653,742 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.4% |
| |||||||
Gildan Activewear, Inc. |
41,096 | 1,161,784 | ||||||
|
|
|||||||
1,161,784 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.3% |
| |||||||
Ferguson PLC |
10,781 | 1,109,688 | ||||||
|
|
|||||||
1,109,688 | ||||||||
|
|
|||||||
Total Common Stocks |
|
80,388,321 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 3.0% |
| |||||||
Repurchase Agreements 3.0% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 2,459,457 | 2,459,457 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
2,459,457 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2022 (unaudited) |
Value | |||||||||||
Total Investments 100.2% |
$ | 82,847,778 | ||||||||||
|
|
|||||||||||
Liabilities in excess of other assets (0.2)% |
(139,737 | ) | ||||||||||
|
|
|||||||||||
Total Net Assets 100.0% |
$ | 82,708,041 | ||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 2,619,600 | $ | 2,508,676 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 79,746,733 | $ | 641,588 | * | $ | | $ | 80,388,321 | |||||||
Repurchase Agreements |
| 2,459,457 | | 2,459,457 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 79,746,733 | $ | 3,101,045 | $ | | $ | 82,847,778 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.8% |
| |||||||
Auto Components 2.9% |
| |||||||
Aptiv PLC(1) |
19,844 | $ | 1,551,999 | |||||
Lear Corp. |
27,110 | 3,244,796 | ||||||
|
|
|||||||
4,796,795 | ||||||||
|
|
|||||||
Banks 3.7% |
| |||||||
Fifth Third Bancorp |
84,447 | 2,698,926 | ||||||
PacWest Bancorp |
26,666 | 602,652 | ||||||
Regions Financial Corp. |
103,398 | 2,075,198 | ||||||
Zions Bancorporation NA |
13,955 | 709,751 | ||||||
|
|
|||||||
6,086,527 | ||||||||
|
|
|||||||
Beverages 2.8% |
| |||||||
Keurig Dr Pepper, Inc. |
129,373 | 4,634,141 | ||||||
|
|
|||||||
4,634,141 | ||||||||
|
|
|||||||
Building Products 5.4% |
| |||||||
Builders FirstSource, Inc.(1) |
28,707 | 1,691,416 | ||||||
Carlisle Cos., Inc. |
26,100 | 7,318,701 | ||||||
|
|
|||||||
9,010,117 | ||||||||
|
|
|||||||
Chemicals 0.4% |
| |||||||
FMC Corp. |
5,961 | 630,078 | ||||||
|
|
|||||||
630,078 | ||||||||
|
|
|||||||
Commercial Services & Supplies 3.9% |
| |||||||
Republic Services, Inc. |
47,140 | 6,412,926 | ||||||
|
|
|||||||
6,412,926 | ||||||||
|
|
|||||||
Communications Equipment 0.8% |
| |||||||
Juniper Networks, Inc. |
48,656 | 1,270,895 | ||||||
|
|
|||||||
1,270,895 | ||||||||
|
|
|||||||
Construction & Engineering 2.3% |
| |||||||
API Group Corp.(1) |
69,789 | 926,100 | ||||||
MasTec, Inc.(1) |
45,754 | 2,905,379 | ||||||
|
|
|||||||
3,831,479 | ||||||||
|
|
|||||||
Construction Materials 2.8% |
| |||||||
Vulcan Materials Co. |
29,310 | 4,622,480 | ||||||
|
|
|||||||
4,622,480 | ||||||||
|
|
|||||||
Consumer Finance 1.5% |
| |||||||
Discover Financial Services |
27,045 | 2,458,931 | ||||||
|
|
|||||||
2,458,931 | ||||||||
|
|
|||||||
Containers & Packaging 0.8% |
| |||||||
AptarGroup, Inc. |
13,253 | 1,259,433 | ||||||
|
|
|||||||
1,259,433 | ||||||||
|
|
|||||||
Distributors 3.4% |
| |||||||
LKQ Corp. |
118,388 | 5,581,994 | ||||||
|
|
|||||||
5,581,994 | ||||||||
|
|
|||||||
Diversified Financial Services 0.0% |
| |||||||
Pershing Square Tontine Holdings Ltd.(1)(2)(3) |
125,172 | 0 | ||||||
|
|
|||||||
Electric Utilities 5.2% |
| |||||||
American Electric Power Co., Inc. |
52,649 | 4,551,506 | ||||||
FirstEnergy Corp. |
111,722 | 4,133,714 | ||||||
|
|
|||||||
8,685,220 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Energy Equipment & Services 1.5% |
| |||||||
Baker Hughes Co. |
57,503 | $ | 1,205,263 | |||||
NOV, Inc. |
74,016 | 1,197,579 | ||||||
|
|
|||||||
2,402,842 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 2.3% |
| |||||||
Boston Properties, Inc. |
9,551 | 716,038 | ||||||
Gaming and Leisure Properties, Inc. |
67,987 | 3,007,745 | ||||||
|
|
|||||||
3,723,783 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 4.2% |
| |||||||
Alcon, Inc. |
63,324 | 3,684,190 | ||||||
Teleflex, Inc. |
3,190 | 642,658 | ||||||
Zimmer Biomet Holdings, Inc. |
24,955 | 2,609,045 | ||||||
|
|
|||||||
6,935,893 | ||||||||
|
|
|||||||
Health Care Providers & Services 4.3% |
| |||||||
Humana, Inc. |
9,955 | 4,830,066 | ||||||
Universal Health Services, Inc., Class B |
25,421 | 2,241,624 | ||||||
|
|
|||||||
7,071,690 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.8% |
| |||||||
Wendys Co. |
34,274 | 640,581 | ||||||
Yum China Holdings, Inc. |
50,836 | 2,406,068 | ||||||
|
|
|||||||
3,046,649 | ||||||||
|
|
|||||||
Household Durables 2.8% |
| |||||||
D.R. Horton, Inc. |
61,838 | 4,164,789 | ||||||
Helen of Troy Ltd.(1) |
4,354 | 419,900 | ||||||
|
|
|||||||
4,584,689 | ||||||||
|
|
|||||||
Household Products 4.6% |
| |||||||
Church & Dwight Co., Inc. |
42,756 | 3,054,489 | ||||||
Reynolds Consumer Products, Inc. |
174,290 | 4,533,283 | ||||||
|
|
|||||||
7,587,772 | ||||||||
|
|
|||||||
Insurance 10.8% |
| |||||||
Allstate Corp. |
31,971 | 3,981,348 | ||||||
Arch Capital Group Ltd.(1) |
134,337 | 6,117,707 | ||||||
Axis Capital Holdings Ltd. |
14,359 | 705,745 | ||||||
Brown & Brown, Inc. |
80,216 | 4,851,464 | ||||||
Loews Corp. |
44,799 | 2,232,782 | ||||||
|
|
|||||||
17,889,046 | ||||||||
|
|
|||||||
IT Services 4.7% |
| |||||||
Amdocs Ltd. |
66,603 | 5,291,609 | ||||||
Euronet Worldwide, Inc.(1) |
33,857 | 2,565,006 | ||||||
|
|
|||||||
7,856,615 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.5% |
| |||||||
Charles River Laboratories International, Inc.(1) |
12,975 | 2,553,480 | ||||||
|
|
|||||||
2,553,480 | ||||||||
|
|
|||||||
Machinery 3.3% |
| |||||||
Donaldson Co., Inc. |
56,823 | 2,784,895 | ||||||
Gates Industrial Corp. PLC(1) |
141,634 | 1,382,348 | ||||||
Stanley Black & Decker, Inc. |
16,177 | 1,216,672 | ||||||
|
|
|||||||
5,383,915 | ||||||||
|
|
|||||||
Metals & Mining 1.0% |
| |||||||
Freeport-McMoRan, Inc. |
62,329 | 1,703,452 | ||||||
|
|
|||||||
1,703,452 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Mortgage Real Estate Investment Trusts (REITs) 1.9% |
| |||||||
Annaly Capital Management, Inc. |
181,081 | $ | 3,107,341 | |||||
|
|
|||||||
3,107,341 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 4.5% |
| |||||||
Devon Energy Corp. |
32,330 | 1,944,003 | ||||||
EOG Resources, Inc. |
27,643 | 3,088,552 | ||||||
Valero Energy Corp. |
22,582 | 2,412,887 | ||||||
|
|
|||||||
7,445,442 | ||||||||
|
|
|||||||
Professional Services 3.5% |
| |||||||
Dun & Bradstreet Holdings, Inc. |
145,265 | 1,799,834 | ||||||
Jacobs Solutions, Inc. |
37,117 | 4,026,823 | ||||||
|
|
|||||||
5,826,657 | ||||||||
|
|
|||||||
Real Estate Management & Development 2.6% |
| |||||||
CBRE Group, Inc., Class A(1) |
63,662 | 4,297,822 | ||||||
|
|
|||||||
4,297,822 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 0.5% |
| |||||||
ON Semiconductor Corp.(1) |
13,274 | 827,368 | ||||||
|
|
|||||||
827,368 | ||||||||
|
|
|||||||
Software 0.9% |
| |||||||
NCR Corp.(1) |
81,148 | 1,542,623 | ||||||
|
|
|||||||
1,542,623 | ||||||||
|
|
|||||||
Specialty Retail 0.4% |
| |||||||
Best Buy Co., Inc. |
10,160 | 643,534 | ||||||
|
|
|||||||
643,534 | ||||||||
|
|
|||||||
Trading Companies & Distributors 2.9% |
| |||||||
AerCap Holdings NV(1) |
114,223 | 4,835,060 | ||||||
|
|
|||||||
4,835,060 | ||||||||
|
|
|||||||
Water Utilities 1.9% |
| |||||||
American Water Works Co., Inc. |
24,514 | 3,190,742 | ||||||
|
|
|||||||
3,190,742 | ||||||||
|
|
|||||||
Total Common Stocks |
|
161,737,431 | ||||||
|
|
|||||||
Warrants 0.0% |
| |||||||
Liberty Media Acquisition Corp., Class A(1) |
7,895 | 32 | ||||||
Pershing Square Tontine Holdings Ltd., Class A(1)(2) |
14,344 | 0 | ||||||
|
|
|||||||
Total Warrants |
|
32 | ||||||
|
|
|||||||
Principal Amount |
Value |
|||||||
Short-Term Investments 2.5% |
| |||||||
Repurchase Agreements 2.5% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 4,123,292 | 4,123,292 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
4,123,292 | ||||||
|
|
|||||||
Total Investments 100.3% |
|
165,860,755 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.3)% |
|
(456,225 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 165,404,530 | |||||
|
|
(1) | Nonincomeproducing security. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
(2) | The table below presents securities deemed illiquid by the investment adviser. |
|
Shares | Cost | Value | Acquisition Date |
% of Funds Net Assets |
|||||||||||||||
Pershing Square Tontine Holdings Ltd. |
125,172 | $ | 0 | $ | 0 | 7/26/2022 | 0.00 | % | ||||||||||||
Pershing Square Tontine Holdings Ltd., Class A |
14,344 | 82,105 | 0 | 7/22/2020 7/30/2020 | 0.00 |
(3) | Escrow interests represent beneficial interests in bankruptcy reorganizations or liquidation proceedings and may be subject to resale, redemption or transferability restrictions. The amount and timing of future payments, if any, cannot be predicted with certainty. |
(4) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 4,391,800 | $ | 4,205,834 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 161,737,431 | $ | 0 | $ | | $ | 161,737,431 | ||||||||
Warrants |
| 32 | | 32 | ||||||||||||
Repurchase Agreements |
| 4,123,292 | | 4,123,292 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 161,737,431 | $ | 4,123,324 | $ | | $ | 165,860,755 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency Mortgage-Backed Securities 28.7% |
||||||||
Federal Home Loan Mortgage Corp. |
||||||||
2.50% due 11/1/2050 |
$ | 735,087 | $ | 624,112 | ||||
3.50% due 2/1/2046 |
537,867 | 492,900 | ||||||
4.50% due 8/1/2052 |
1,313,650 | 1,263,225 | ||||||
5.00% due 7/1/2052 |
587,150 | 580,083 | ||||||
5.00% due 8/1/2052 |
882,405 | 868,547 | ||||||
5.00% due 8/1/2052 |
1,329,961 | 1,307,505 | ||||||
Federal National Mortgage Association |
||||||||
2.50% due 8/1/2050 |
462,727 | 395,672 | ||||||
2.50% due 8/1/2050 |
3,200,499 | 2,724,058 | ||||||
2.50% due 8/1/2050 |
2,020,016 | 1,723,745 | ||||||
2.50% due 9/1/2050 |
2,913,676 | 2,479,932 | ||||||
2.50% due 1/1/2051 |
1,271,867 | 1,082,319 | ||||||
2.50% due 9/1/2051 |
442,682 | 375,189 | ||||||
2.50% due 12/1/2051 |
1,074,255 | 909,098 | ||||||
2.50% due 12/1/2051 |
669,080 | 568,310 | ||||||
3.00% due 12/1/2048 |
2,114,864 | 1,871,801 | ||||||
3.50% due 7/1/2045 |
614,800 | 562,638 | ||||||
3.50% due 9/1/2051 |
270,589 | 246,698 | ||||||
3.50% due 4/1/2052 |
1,106,041 | 1,005,468 | ||||||
4.00% due 5/1/2052 |
625,957 | 587,421 | ||||||
4.00% due 5/1/2052 |
461,639 | 432,467 | ||||||
4.00% due 6/1/2052 |
1,143,136 | 1,066,363 | ||||||
5.00% due 7/1/2052 |
357,572 | 353,268 | ||||||
5.00% due 7/1/2052 |
445,541 | 441,285 | ||||||
5.00% due 8/1/2052 |
1,221,988 | 1,201,352 | ||||||
Government National Mortgage Association |
||||||||
3.00% due 11/21/2052(1) |
638,000 | 562,282 | ||||||
3.50% due 10/20/2052(1) |
775,000 | 703,124 | ||||||
4.00% due 10/20/2052(1) |
2,589,000 | 2,414,367 | ||||||
4.50% due 10/20/2052(1) |
2,944,000 | 2,813,966 | ||||||
4.50% due 11/21/2052(1) |
2,677,000 | 2,556,112 | ||||||
5.00% due 10/20/2052(1) |
3,489,000 | 3,409,221 | ||||||
5.50% due 11/21/2052(1) |
1,360,000 | 1,352,829 | ||||||
Uniform Mortgage-Backed Security |
||||||||
2.00% due 11/14/2052(1) |
7,384,000 | 5,968,775 | ||||||
2.50% due 11/10/2051(1) |
1,776,000 | 1,489,796 | ||||||
3.00% due 11/14/2052(1) |
4,810,000 | 4,177,245 | ||||||
3.50% due 11/14/2052(1) |
4,915,000 | 4,414,122 | ||||||
4.00% due 11/16/2037(1) |
1,447,000 | 1,392,769 | ||||||
4.00% due 11/14/2052(1) |
1,488,000 | 1,377,797 | ||||||
4.50% due 11/16/2037(1) |
3,468,000 | 3,390,251 | ||||||
4.50% due 11/14/2052(1) |
5,987,000 | 5,690,296 | ||||||
5.00% due 11/16/2037(1) |
2,451,000 | 2,449,085 | ||||||
5.00% due 12/15/2037(1) |
647,000 | 645,180 | ||||||
5.00% due 11/14/2052(1) |
578,000 | 562,222 | ||||||
5.50% due 11/14/2052(1) |
2,431,000 | 2,410,456 | ||||||
6.00% due 11/14/2052(1) |
2,567,000 | 2,585,842 | ||||||
|
|
|||||||
Total Agency Mortgage-Backed Securities |
73,529,193 | |||||||
|
|
|||||||
Asset-Backed Securities 21.2% |
||||||||
American Express Credit Account Master Trust |
||||||||
2022-3 A |
||||||||
3.75% due 8/15/2027 |
640,000 | 624,695 | ||||||
Apidos CLO XXVI |
||||||||
2017-26A A2R |
||||||||
4.24% (LIBOR 3 Month + 1.50%) due 7/18/2029(2)(3) |
280,000 | 266,672 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Apidos CLO XXXV |
||||||||
2021-35A A |
||||||||
3.76% (LIBOR 3 Month + 1.05%) due 4/20/2034(2)(3) |
$ | 400,000 | $ | 382,072 | ||||
Arbor Realty Commercial Real Estate Notes Ltd. |
||||||||
2021-FL2 E |
||||||||
5.768% (LIBOR 1 Month + 2.95%) due 5/15/2036(2)(3) |
170,000 | 153,768 | ||||||
2021-FL3 D |
||||||||
5.018% (LIBOR 1 Month + 2.20%) due 8/15/2034(2)(3) |
1,030,000 | 960,869 | ||||||
Ares XL CLO Ltd. |
||||||||
2016-40A A1RR |
||||||||
3.382% (LIBOR 3 Month + 0.87%) due 1/15/2029(2)(3) |
379,593 | 372,039 | ||||||
Avant Loans Funding Trust |
||||||||
2022-REV1 A |
||||||||
6.54% due 9/15/2031(2) |
1,310,000 | 1,310,195 | ||||||
Avid Automobile Receivables Trust |
||||||||
2019-1 B |
||||||||
2.82% due 7/15/2026(2) |
57,099 | 57,042 | ||||||
2019-1 D |
||||||||
4.03% due 7/15/2026(2) |
2,290,000 | 2,235,443 | ||||||
2021-1 E |
||||||||
3.39% due 4/17/2028(2) |
830,000 | 761,885 | ||||||
Avis Budget Rental Car Funding AESOP LLC |
||||||||
2019-3A A |
||||||||
2.36% due 3/20/2026(2) |
1,545,000 | 1,441,217 | ||||||
2020-2A A |
||||||||
2.02% due 2/20/2027(2) |
1,750,000 | 1,561,379 | ||||||
Bain Capital Credit CLO |
||||||||
2019-2A AR |
||||||||
3.84% (LIBOR 3 Month + 1.10%) due 10/17/2032(2)(3) |
880,000 | 851,059 | ||||||
Barings CLO Ltd. |
||||||||
2019-3A A1R |
||||||||
3.78% (LIBOR 3 Month + 1.07%) due 4/20/2031(2)(3) |
1,000,000 | 970,100 | ||||||
2019-3A BR |
||||||||
4.31% (LIBOR 3 Month + 1.60%) due 4/20/2031(2)(3) |
540,000 | 507,916 | ||||||
Carlyle Global Market Strategies CLO Ltd. |
||||||||
2015-5A BRR |
||||||||
5.01% (LIBOR 3 Month + 2.30%) due 1/20/2032(2)(3) |
410,000 | 381,482 | ||||||
Carlyle U.S. CLO Ltd. |
||||||||
2021-1A A1 |
||||||||
3.652% (LIBOR 3 Month + 1.14%) due 4/15/2034(2)(3) |
1,400,000 | 1,341,649 | ||||||
CBAM Ltd. |
||||||||
2017-1A D |
||||||||
6.46% (LIBOR 3 Month + 3.75%) due 7/20/2030(2)(3) |
530,000 | 460,358 | ||||||
CIFC Funding Ltd. |
||||||||
2021-1A A1 |
||||||||
3.893% (LIBOR 3 Month + 1.11%) due 4/25/2033(2)(3) |
1,330,000 | 1,292,827 | ||||||
2021-4A A |
||||||||
3.562% (LIBOR 3 Month + 1.05%) due 7/15/2033(2)(3) |
1,000,000 | 967,458 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Citibank Credit Card Issuance Trust |
||||||||
2017-A6 A6 |
||||||||
3.553% (LIBOR 1 month + 0.77%) due 5/14/2029(3) |
$ | 840,000 | $ | 827,339 | ||||
CPS Auto Receivables Trust |
||||||||
2020-C C |
||||||||
1.71% due 8/17/2026(2) |
214,051 | 213,051 | ||||||
Drive Auto Receivables Trust |
||||||||
2020-2 C |
||||||||
2.28% due 8/17/2026 |
1,748,571 | 1,735,794 | ||||||
Dryden Senior Loan Fund |
||||||||
2017-47A BR |
||||||||
3.982% (LIBOR 3 Month + 1.47%) due 4/15/2028(2)(3) |
1,010,000 | 975,470 | ||||||
Exeter Automobile Receivables Trust |
||||||||
2020-2A E 7.19% due 9/15/2027(2) |
1,100,000 | 1,101,379 | ||||||
2022-2A B 3.65% due 10/15/2026 |
1,020,000 | 1,000,419 | ||||||
First Investors Auto Owner Trust |
||||||||
2021-1A E |
||||||||
3.35% due 4/15/2027(2) |
600,000 | 568,217 | ||||||
Flagship Credit Auto Trust |
||||||||
2018-3 E 5.28% due 12/15/2025(2) |
725,000 | 709,270 | ||||||
2021-1 A 0.31% due 6/16/2025(2) |
142,207 | 141,070 | ||||||
2022-3 A3 4.55% due 4/15/2027(2) |
950,000 | 936,913 | ||||||
GM Financial Automobile Leasing Trust |
||||||||
2022-2 A2 |
||||||||
2.93% due 10/21/2024 |
1,510,000 | 1,494,700 | ||||||
Goldentree Loan Management U.S. CLO 3 Ltd. |
||||||||
2018-3A B1 |
||||||||
4.26% (LIBOR 3 Month + 1.55%) due 4/20/2030(2)(3) |
250,000 | 237,400 | ||||||
Hertz Vehicle Financing III LP |
||||||||
2021-2A A |
||||||||
1.68% due 12/27/2027(2) |
1,165,000 | 996,672 | ||||||
HGI CRE CLO Ltd. |
||||||||
2021-FL1 C 4.639% (LIBOR 1 Month + 1.70%) due 6/16/2036(2)(3) |
550,000 | 522,224 | ||||||
2021-FL1 D 5.289% (LIBOR 1 Month + 2.35%) due 6/16/2036(2)(3) |
500,000 | 469,431 | ||||||
Lending Funding Trust |
||||||||
2020-2A A |
||||||||
2.32% due 4/21/2031(2) |
936,000 | 816,234 | ||||||
Lendmark Funding Trust |
||||||||
2021-1A A |
||||||||
1.90% due 11/20/2031(2) |
750,000 | 633,497 | ||||||
LoanCore Issuer Ltd. |
||||||||
2022-CRE7 A |
||||||||
3.834% (SOFR30A + 1.55%) due 1/17/2037(2)(3) |
680,000 | 656,006 | ||||||
Logan CLO I Ltd. |
||||||||
2021-1A A |
||||||||
3.87% (LIBOR 3 Month + 1.16%) due 7/20/2034(2)(3) |
530,000 | 509,091 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Marble Point CLO XVII Ltd. |
||||||||
2020-1A A |
||||||||
4.01% (LIBOR 3 Month + 1.30%) due 4/20/2033(2)(3) |
$ | 613,030 | $ | 595,112 | ||||
Marlette Funding Trust |
||||||||
2020-2A D |
||||||||
4.65% due 9/16/2030(2) |
1,060,000 | 1,034,348 | ||||||
Master Credit Card Trust II |
|
|||||||
2018-1A A |
||||||||
3.504% (LIBOR 1 Month + 0.49%) due 7/21/2024(2)(3) |
100,000 | 99,969 | ||||||
ME Funding LLC |
||||||||
2019-1 A2 |
||||||||
6.448% due 7/30/2049(2) |
1,091,145 | 1,070,770 | ||||||
Mountain View CLO LLC |
||||||||
2017-1A AR |
||||||||
3.83% (LIBOR 3 Month + 1.09%) due 10/16/2029(2)(3) |
527,124 | 514,051 | ||||||
Nelnet Student Loan Trust |
||||||||
2021-DA B |
||||||||
2.90% due 4/20/2062(2) |
570,000 | 461,593 | ||||||
Neuberger Berman Loan Advisers CLO 35 Ltd. |
||||||||
2019-35A A1 |
||||||||
4.078% (LIBOR 3 Month + 1.34%) due 1/19/2033(2)(3) |
1,000,000 | 975,422 | ||||||
NextGear Floorplan Master Owner Trust |
||||||||
2019-2A A1 3.518% (LIBOR 1 Month + 0.70%) due 10/15/2024(2)(3) |
950,000 | 949,958 | ||||||
2020-1A A1 3.618% (LIBOR 1 Month + 0.80%) due 2/15/2025(2)(3) |
2,450,000 | 2,447,452 | ||||||
Oaktree CLO Ltd. |
||||||||
2019-4A CR |
||||||||
4.96% (LIBOR 3 Month + 2.25%) due 10/20/2032(2)(3) |
570,000 | 513,498 | ||||||
OCP CLO Ltd. |
||||||||
2019-16A AR |
||||||||
3.428% (LIBOR 3 Month + 1.00%) due 4/10/2033(2)(3) |
790,000 | 764,274 | ||||||
Octagon Investment Partners XVII Ltd. |
||||||||
2013-1A A1R2 |
||||||||
3.783% (LIBOR 3 Month + 1.00%) due 1/25/2031(2)(3) |
365,000 | 356,605 | ||||||
Pennsylvania Higher Education Assistance Agency |
||||||||
2006-1 B |
||||||||
3.053% (LIBOR 3 Month + 0.27%) due 4/25/2038(3) |
20,647 | 20,285 | ||||||
Race Point IX CLO Ltd. |
||||||||
2015-9A CR |
||||||||
5.712% (LIBOR 3 Month + 3.20%) due 10/15/2030(2)(3) |
250,000 | 207,825 | ||||||
Rad CLO 7 Ltd. |
||||||||
2020-7A A1 |
||||||||
3.94% (LIBOR 3 Month + 1.20%) due 4/17/2033(2)(3) |
750,000 | 726,225 | ||||||
Santander Consumer Auto Receivables Trust |
||||||||
2020-BA D |
||||||||
2.14% due 12/15/2026(2) |
1,475,000 | 1,408,765 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Santander Drive Auto Receivables Trust |
||||||||
2020-2 D |
||||||||
2.22% due 9/15/2026 |
$ | 816,000 | $ | 797,498 | ||||
2021-1 C |
||||||||
0.75% due 2/17/2026 |
1,850,000 | 1,819,370 | ||||||
2022-5 C |
||||||||
4.74% due 10/16/2028 |
970,000 | 947,089 | ||||||
2022-6 C |
||||||||
4.96% due 11/15/2028 |
1,080,000 | 1,059,749 | ||||||
SCF Equipment Leasing LLC |
||||||||
2019-2A B |
||||||||
2.76% due 8/20/2026(2) |
797,000 | 767,875 | ||||||
2021-1A C |
||||||||
1.54% due 10/21/2030(2) |
1,000,000 | 868,018 | ||||||
2021-1A D |
||||||||
1.93% due 9/20/2030(2) |
750,000 | 638,259 | ||||||
SEB Funding LLC |
||||||||
2021-1A A2 |
||||||||
4.969% due 1/30/2052(2) |
812,963 | 686,903 | ||||||
Signal Peak CLO 8 Ltd. |
||||||||
2020-8A A |
||||||||
3.98% (LIBOR 3 Month + 1.27%) due 4/20/2033(2)(3) |
1,003,948 | 975,034 | ||||||
SLC Student Loan Trust |
||||||||
2008-1 A4A |
||||||||
4.893% (LIBOR 3 Month + 1.60%) due 12/15/2032(3) |
91,893 | 91,864 | ||||||
Sunrun Demeter Issuer LLC |
||||||||
2021-2A A |
||||||||
2.27% due 1/30/2057(2) |
482,303 | 372,550 | ||||||
TCW CLO Ltd. |
||||||||
2022-1A A1 |
||||||||
2.087% (SOFR + 1.34%) due 4/22/2033(2)(3) |
750,000 | 727,200 | ||||||
Towd Point Asset Trust |
||||||||
2018-SL1 A |
||||||||
3.684% (LIBOR 1 Month + 0.60%) due 1/25/2046(2)(3) |
147,556 | 146,633 | ||||||
Westlake Automobile Receivables Trust |
||||||||
2020-3A E |
||||||||
3.34% due 6/15/2026(2) |
750,000 | 711,163 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
54,199,659 | |||||||
|
|
|||||||
Corporate Bonds & Notes 40.0% |
| |||||||
Aerospace & Defense 0.1% |
| |||||||
TransDigm, Inc. |
||||||||
6.375% due 6/15/2026 |
334,000 | 315,707 | ||||||
|
|
|||||||
315,707 | ||||||||
|
|
|||||||
Agriculture 0.5% |
| |||||||
Cargill, Inc. |
||||||||
4.00% due 6/22/2032(2) |
715,000 | 653,095 | ||||||
MHP Lux SA |
||||||||
6.25% due 9/19/2029(2)(4) |
475,000 | 235,690 | ||||||
Viterra Finance BV |
||||||||
4.90% due 4/21/2027(2) |
398,000 | 368,226 | ||||||
|
|
|||||||
1,257,011 | ||||||||
|
|
|||||||
Airlines 0.8% |
| |||||||
American Airlines, Inc. |
||||||||
11.75% due 7/15/2025(2) |
506,000 | 528,942 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Airlines (continued) |
| |||||||
British Airways Pass-Through Trust |
||||||||
2020-1 A |
||||||||
4.25% due 11/15/2032(2) |
$ | 573,771 | $ | 514,960 | ||||
Delta Air Lines, Inc. |
||||||||
7.00% due 5/1/2025(2) |
717,000 | 721,818 | ||||||
Delta Air Lines, Inc. / SkyMiles IP Ltd. |
||||||||
4.75% due 10/20/2028(2) |
300,000 | 279,534 | ||||||
|
|
|||||||
2,045,254 | ||||||||
|
|
|||||||
Apparel 0.1% |
| |||||||
Levi Strauss & Co. |
||||||||
3.50% due 3/1/2031(2) |
331,000 | 259,861 | ||||||
|
|
|||||||
259,861 | ||||||||
|
|
|||||||
Auto Manufacturers 0.2% |
| |||||||
Ford Motor Co. |
||||||||
3.25% due 2/12/2032 |
848,000 | 610,780 | ||||||
|
|
|||||||
610,780 | ||||||||
|
|
|||||||
Biotechnology 0.1% |
| |||||||
Baxalta, Inc. |
||||||||
4.00% due 6/23/2025 |
248,000 | 240,483 | ||||||
|
|
|||||||
240,483 | ||||||||
|
|
|||||||
Chemicals 0.2% |
||||||||
CVR Partners LP / CVR Nitrogen Finance Corp. |
||||||||
6.125% due 6/15/2028(2) |
511,000 | 447,488 | ||||||
|
|
|||||||
447,488 | ||||||||
|
|
|||||||
Coal 0.2% |
| |||||||
SunCoke Energy, Inc. |
||||||||
4.875% due 6/30/2029(2) |
494,000 | 380,839 | ||||||
|
|
|||||||
380,839 | ||||||||
|
|
|||||||
Commercial Banks 10.7% |
| |||||||
ABN AMRO Bank NV |
||||||||
3.324% (3.324% fixed rate until 12/13/2031; H15T5Y + 1.90% thereafter) due 3/13/2037(2)(3) |
400,000 | 290,304 | ||||||
Bank of America Corp. |
||||||||
1.658% (1.658% fixed rate until 3/11/2026; SOFR + 0.91% thereafter) due 3/11/2027(3) |
1,693,000 | 1,468,728 | ||||||
2.087% (2.087% fixed rate until 6/14/2028; SOFR + 1.06% thereafter) due 6/14/2029(3) |
821,000 | 666,578 | ||||||
2.687% (2.687% fixed rate until 4/22/2031; SOFR + 1.32% thereafter) due 4/22/2032(3) |
642,000 | 500,272 | ||||||
3.004% (3.004% fixed rate until 12/20/2022; LIBOR 3 Month + 0.79% thereafter) |
460,000 | 457,672 | ||||||
3.593% (3.593% fixed rate until 7/21/2027; LIBOR 3 Month + 1.37% thereafter) |
1,125,000 | 1,015,853 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Commercial Banks (continued) |
| |||||||
BankUnited, Inc. |
||||||||
5.125% due 6/11/2030 |
$ | 613,000 | $ | 565,676 | ||||
BNP Paribas SA |
|
|||||||
4.375% (4.375% fixed rate until 3/1/2028; 5 Year USD Swap + 1.48% thereafter) |
599,000 | 517,674 | ||||||
Citigroup, Inc. |
||||||||
3.887% (3.887% fixed rate until 1/10/2027; LIBOR 3 Month + 1.56% thereafter) |
712,000 | 655,823 | ||||||
3.98% (3.98% fixed rate until 3/20/2029; LIBOR 3 Month + 1.34% thereafter) |
2,518,000 | 2,235,405 | ||||||
4.14% (4.14% fixed rate until 5/24/2024; SOFR + 1.37% thereafter) due 5/24/2025(3) |
287,000 | 280,580 | ||||||
Danske Bank A/S |
||||||||
3.773% (3.773% fixed rate until 3/28/2024; H15T1Y + 1.45% thereafter) |
1,030,000 | 991,107 | ||||||
4.375% due 6/12/2028(2) |
200,000 | 176,488 | ||||||
Goldman Sachs Group, Inc. |
||||||||
0.627% (0.627% fixed rate until 11/17/2022; SOFR + 0.54% thereafter) |
1,141,000 | 1,133,892 | ||||||
2.383% (2.383% fixed rate until 7/21/2031; SOFR + 1.25% thereafter) due 7/21/2032(3) |
1,373,000 | 1,037,150 | ||||||
2.615% (2.615% fixed rate until 4/22/2031; SOFR + 1.28% thereafter) due 4/22/2032(3) |
499,000 | 386,840 | ||||||
JPMorgan Chase & Co. |
||||||||
2.963% (2.963% fixed rate until 1/25/2032; SOFR + 1.26% thereafter) due 1/25/2033(3) |
707,000 | 556,861 | ||||||
3.54% (3.54% fixed rate until 5/1/2027; LIBOR 3 Month + 1.38% thereafter) |
1,002,000 | 907,832 | ||||||
3.782% (3.782% fixed rate until 2/1/2027; LIBOR 3 Month + 1.34% thereafter) |
604,000 | 553,940 | ||||||
Macquarie Bank Ltd. |
||||||||
3.624% due 6/3/2030(2) |
203,000 | 164,497 | ||||||
Macquarie Group Ltd. |
||||||||
2.691% (2.691% fixed rate until 6/23/2031; SOFR + 1.44% thereafter) |
968,000 | 734,809 | ||||||
4.654% (4.654% fixed rate until 3/27/2028; LIBOR 3 Month + 1.73% thereafter) |
963,000 | 892,325 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Commercial Banks (continued) |
||||||||
Morgan Stanley |
||||||||
2.239% (2.239% fixed rate until 7/21/2031; SOFR + 1.18% thereafter) due 7/21/2032(3) |
$ | 718,000 | $ | 539,900 | ||||
2.484% (2.484% fixed rate until 9/16/2031; SOFR + 1.36% thereafter) due 9/16/2036(3) |
542,000 | 388,381 | ||||||
4.431% (4.431% fixed rate until 1/23/2029; LIBOR 3 Month + 1.63% thereafter) |
1,893,000 | 1,741,901 | ||||||
Santander UK Group Holdings PLC |
||||||||
3.373% (3.373% fixed rate until 1/5/2023; LIBOR 3 Month + 1.08% thereafter) |
877,000 | 871,659 | ||||||
State Street Corp. |
||||||||
4.164% (4.164% fixed rate until 8/4/2032; SOFR + 1.73% thereafter) due 8/4/2033(3) |
469,000 | 424,065 | ||||||
Toronto-Dominion Bank |
||||||||
4.456% due 6/8/2032 |
479,000 | 437,083 | ||||||
U.S. Bancorp |
||||||||
4.967% (4.967% fixed rate until 7/22/2032; SOFR + 2.11% thereafter) due 7/22/2033(3) |
1,057,000 | 991,561 | ||||||
UBS AG |
||||||||
5.125% due 5/15/2024 |
872,000 | 848,901 | ||||||
Wells Fargo & Co. |
||||||||
2.393% (2.393% fixed rate until 6/2/2027; SOFR + 2.10% thereafter) due 6/2/2028(3) |
2,093,000 | 1,794,538 | ||||||
3.35% (3.35% fixed rate until 3/2/2032; SOFR + 1.50% thereafter) due 3/2/2033(3) |
674,000 | 547,794 | ||||||
3.584% (3.584% fixed rate until 5/22/2027; LIBOR 3 Month + 1.31% thereafter) |
976,000 | 882,812 | ||||||
Westpac Banking Corp. |
||||||||
2.894% (2.894% fixed rate until 2/4/2025; H15T5Y + 1.35% thereafter) due 2/4/2030(3) |
484,000 | 445,672 | ||||||
4.322% (4.322% fixed rate until 11/23/2026; 5 Year USD ICE Swap + 2.24% thereafter) |
1,300,000 | 1,187,329 | ||||||
|
|
|||||||
27,291,902 | ||||||||
|
|
|||||||
Commercial Services 0.7% |
||||||||
Gartner, Inc. |
||||||||
3.75% due 10/1/2030(2) |
333,000 | 273,360 | ||||||
Global Payments, Inc. |
||||||||
4.00% due 6/1/2023 |
940,000 | 932,847 | ||||||
Service Corp. International |
||||||||
3.375% due 8/15/2030 |
324,000 | 254,019 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Commercial Services (continued) |
||||||||
United Rentals North America, Inc. |
||||||||
4.00% due 7/15/2030 |
$ | 313,000 | $ | 258,469 | ||||
|
|
|||||||
1,718,695 | ||||||||
|
|
|||||||
Computers 0.3% |
||||||||
Dell International LLC / EMC Corp. |
||||||||
3.375% due 12/15/2041(2) |
535,000 | 330,507 | ||||||
8.35% due 7/15/2046 |
386,000 | 417,968 | ||||||
|
|
|||||||
748,475 | ||||||||
|
|
|||||||
Cosmetics & Personal Care 0.1% |
||||||||
GSK Consumer Healthcare Capital U.S. LLC |
||||||||
3.625% due 3/24/2032(2) |
295,000 | 249,877 | ||||||
|
|
|||||||
249,877 | ||||||||
|
|
|||||||
Diversified Financial Services 4.6% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
3.50% due 1/15/2025 |
872,000 | 821,616 | ||||||
Aircastle Ltd. |
||||||||
2.85% due 1/26/2028(2) |
575,000 | 440,421 | ||||||
Ally Financial, Inc. |
||||||||
8.00% due 11/1/2031 |
732,000 | 773,826 | ||||||
American Express Co. |
||||||||
4.42% (4.42% fixed rate until 8/3/2032; SOFR + 1.76% thereafter) due 8/3/2033(3) |
942,000 | 857,342 | ||||||
Aviation Capital Group LLC |
||||||||
1.95% due 1/30/2026(2) |
408,000 | 342,593 | ||||||
5.50% due 12/15/2024(2) |
982,000 | 950,380 | ||||||
Avolon Holdings Funding Ltd. |
||||||||
2.125% due 2/21/2026(2) |
1,255,000 | 1,057,275 | ||||||
4.25% due 4/15/2026(2) |
643,000 | 578,353 | ||||||
Coinbase Global, Inc. |
||||||||
3.375% due 10/1/2028(2) |
359,000 | 224,795 | ||||||
CPPIB Capital, Inc. |
||||||||
3.321% (SOFR + 1.25%) due 4/4/2025(2)(3) |
2,000,000 | 2,043,640 | ||||||
4.125% due 10/21/2024(2) |
1,545,000 | 1,533,289 | ||||||
Intercontinental Exchange, Inc. |
||||||||
4.00% due 9/15/2027 |
1,579,000 | 1,497,287 | ||||||
Navient Corp. |
||||||||
5.00% due 3/15/2027 |
313,000 | 258,253 | ||||||
Neuberger Berman Group LLC / Neuberger Berman Finance Corp. |
||||||||
4.50% due 3/15/2027(2) |
329,000 | 311,050 | ||||||
4.875% due 4/15/2045(2) |
198,000 | 163,568 | ||||||
|
|
|||||||
11,853,688 | ||||||||
|
|
|||||||
Electric 3.7% |
||||||||
AEP Transmission Co. LLC |
||||||||
4.50% due 6/15/2052 |
368,000 | 313,249 | ||||||
AES Corp. |
||||||||
3.95% due 7/15/2030(2) |
578,000 | 494,947 | ||||||
Alfa Desarrollo SpA |
||||||||
4.55% due 9/27/2051(2) |
493,196 | 323,073 | ||||||
Ausgrid Finance Pty. Ltd. |
||||||||
4.35% due 8/1/2028(2) |
580,000 | 534,656 | ||||||
Calpine Corp. |
||||||||
5.125% due 3/15/2028(2) |
302,000 | 261,151 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Electric (continued) |
||||||||
Constellation Energy Generation LLC |
||||||||
6.25% due 10/1/2039 |
$ | 485,000 | $ | 472,783 | ||||
Consumers Energy Co. |
||||||||
4.20% due 9/1/2052 |
286,000 | 237,726 | ||||||
Duke Energy Corp. |
||||||||
4.50% due 8/15/2032 |
500,000 | 452,230 | ||||||
FirstEnergy Corp. |
||||||||
2.65% due 3/1/2030 |
322,000 | 260,665 | ||||||
Series B 4.40% due 7/15/2027 |
1,041,000 | 964,622 | ||||||
Minejesa Capital BV |
||||||||
4.625% due 8/10/2030(2) |
730,000 | 595,242 | ||||||
NextEra Energy Capital Holdings, Inc. |
||||||||
4.255% due 9/1/2024 |
385,000 | 379,383 | ||||||
5.00% due 7/15/2032 |
800,000 | 764,712 | ||||||
NRG Energy, Inc. |
||||||||
3.875% due 2/15/2032(2) |
324,000 | 253,323 | ||||||
4.45% due 6/15/2029(2) |
280,000 | 242,850 | ||||||
Pattern Energy Operations LP / Pattern Energy Operations, Inc. |
||||||||
4.50% due 8/15/2028(2) |
284,000 | 247,003 | ||||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |
||||||||
3.00% due 6/30/2030(2) |
504,000 | 387,767 | ||||||
Southern Co. |
||||||||
4.475% due 8/1/2024 |
1,156,000 | 1,141,145 | ||||||
Vistra Operations Co. LLC |
||||||||
3.55% due 7/15/2024(2) |
841,000 | 801,095 | ||||||
4.375% due 5/1/2029(2) |
453,000 | 378,622 | ||||||
|
|
|||||||
9,506,244 | ||||||||
|
|
|||||||
Electronics 0.1% |
||||||||
Atkore, Inc. |
||||||||
4.25% due 6/1/2031(2) |
334,000 | 267,150 | ||||||
|
|
|||||||
267,150 | ||||||||
|
|
|||||||
Energy-Alternate Sources 0.1% |
||||||||
TerraForm Power Operating LLC |
||||||||
5.00% due 1/31/2028(2) |
430,000 | 378,886 | ||||||
|
|
|||||||
378,886 | ||||||||
|
|
|||||||
Entertainment 0.5% |
||||||||
Jacobs Entertainment, Inc. |
||||||||
6.75% due 2/15/2029(2) |
303,000 | 260,244 | ||||||
Live Nation Entertainment, Inc. |
||||||||
4.75% due 10/15/2027(2) |
482,000 | 419,104 | ||||||
Mohegan Gaming & Entertainment |
||||||||
8.00% due 2/1/2026(2) |
319,000 | 266,923 | ||||||
Warnermedia Holdings, Inc. |
||||||||
3.428% due 3/15/2024(2) |
333,000 | 322,081 | ||||||
|
|
|||||||
1,268,352 | ||||||||
|
|
|||||||
Environmental Control 0.1% |
||||||||
Madison IAQ LLC |
||||||||
4.125% due 6/30/2028(2) |
303,000 | 245,188 | ||||||
|
|
|||||||
245,188 | ||||||||
|
|
|||||||
Food 0.3% |
||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC |
||||||||
3.50% due 3/15/2029(2) |
336,000 | 271,320 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Food (continued) |
||||||||
Performance Food Group, Inc. |
||||||||
4.25% due 8/1/2029(2) |
$ | 328,000 | $ | 273,086 | ||||
Post Holdings, Inc. |
||||||||
4.625% due 4/15/2030(2) |
329,000 | 270,188 | ||||||
|
|
|||||||
814,594 | ||||||||
|
|
|||||||
Gas 0.7% |
||||||||
CenterPoint Energy Resources Corp. |
||||||||
4.40% due 7/1/2032 |
682,000 | 636,313 | ||||||
National Fuel Gas Co. |
||||||||
5.50% due 1/15/2026 |
554,000 | 547,557 | ||||||
ONE Gas, Inc. |
||||||||
1.10% due 3/11/2024 |
302,000 | 289,793 | ||||||
Southwest Gas Corp. |
||||||||
4.05% due 3/15/2032 |
413,000 | 348,159 | ||||||
|
|
|||||||
1,821,822 | ||||||||
|
|
|||||||
Healthcare-Products 0.4% |
||||||||
Medline Borrower LP |
||||||||
3.875% due 4/1/2029(2) |
330,000 | 265,003 | ||||||
PerkinElmer, Inc. |
||||||||
0.85% due 9/15/2024 |
750,000 | 695,423 | ||||||
|
|
|||||||
960,426 | ||||||||
|
|
|||||||
Healthcare-Services 1.2% |
||||||||
Centene Corp. |
||||||||
2.45% due 7/15/2028 |
286,000 | 232,581 | ||||||
3.375% due 2/15/2030 |
638,000 | 521,590 | ||||||
4.25% due 12/15/2027 |
419,000 | 382,999 | ||||||
Charles River Laboratories International, Inc. |
||||||||
4.25% due 5/1/2028(2) |
300,000 | 262,320 | ||||||
Elevance Health, Inc. |
||||||||
2.25% due 5/15/2030 |
212,000 | 170,851 | ||||||
2.875% due 9/15/2029 |
738,000 | 630,274 | ||||||
Molina Healthcare, Inc. |
||||||||
4.375% due 6/15/2028(2) |
280,000 | 252,809 | ||||||
Tenet Healthcare Corp. |
||||||||
6.25% due 2/1/2027(2) |
273,000 | 254,794 | ||||||
UnitedHealth Group, Inc. |
||||||||
4.00% due 5/15/2029 |
397,000 | 369,909 | ||||||
|
|
|||||||
3,078,127 | ||||||||
|
|
|||||||
Home Builders 0.1% |
||||||||
Toll Brothers Finance Corp. |
||||||||
3.80% due 11/1/2029 |
331,000 | 268,789 | ||||||
|
|
|||||||
268,789 | ||||||||
|
|
|||||||
Insurance 0.6% |
||||||||
Assurant, Inc. |
||||||||
2.65% due 1/15/2032 |
313,000 | 231,160 | ||||||
First American Financial Corp. |
||||||||
2.40% due 8/15/2031 |
474,000 | 338,967 | ||||||
GA Global Funding Trust |
||||||||
3.85% due 4/11/2025(2) |
898,000 | 854,941 | ||||||
|
|
|||||||
1,425,068 | ||||||||
|
|
|||||||
Internet 0.5% |
||||||||
Go Daddy Operating Co. LLC / GD Finance Co., Inc. |
||||||||
3.50% due 3/1/2029(2) |
315,000 | 257,468 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Internet (continued) |
||||||||
Netflix, Inc. |
||||||||
6.375% due 5/15/2029 |
$ | 662,000 | $ | 659,392 | ||||
Prosus NV |
||||||||
3.257% due 1/19/2027(2) |
340,000 | 287,253 | ||||||
|
|
|||||||
1,204,113 | ||||||||
|
|
|||||||
Leisure Time 0.1% |
||||||||
Life Time, Inc. |
||||||||
5.75% due 1/15/2026(2) |
286,000 | 261,378 | ||||||
|
|
|||||||
261,378 | ||||||||
|
|
|||||||
Lodging 0.2% |
||||||||
Hilton Domestic Operating Co., Inc. |
||||||||
3.75% due 5/1/2029(2) |
309,000 | 255,800 | ||||||
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp. |
||||||||
5.25% due 5/15/2027(2) |
315,000 | 277,587 | ||||||
|
|
|||||||
533,387 | ||||||||
|
|
|||||||
Machinery-Diversified 0.4% |
||||||||
nVent Finance Sarl |
||||||||
4.55% due 4/15/2028 |
1,112,000 | 999,821 | ||||||
|
|
|||||||
999,821 | ||||||||
|
|
|||||||
Media 1.3% |
||||||||
AMC Networks, Inc. |
||||||||
4.25% due 2/15/2029 |
321,000 | 241,299 | ||||||
CCO Holdings LLC / CCO Holdings Capital Corp. |
||||||||
4.50% due 5/1/2032 |
727,000 | 554,120 | ||||||
4.75% due 3/1/2030(2) |
295,000 | 238,994 | ||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
1,130,000 | 884,462 | ||||||
6.484% due 10/23/2045 |
420,000 | 371,057 | ||||||
FactSet Research Systems, Inc. |
||||||||
3.45% due 3/1/2032 |
449,000 | 365,733 | ||||||
Time Warner Cable LLC |
||||||||
7.30% due 7/1/2038 |
288,000 | 273,522 | ||||||
Time Warner Entertainment Co. LP |
||||||||
8.375% due 7/15/2033 |
369,000 | 394,111 | ||||||
|
|
|||||||
3,323,298 | ||||||||
|
|
|||||||
Mining 1.6% |
||||||||
Alcoa Nederland Holding BV |
||||||||
4.125% due 3/31/2029(2) |
335,000 | 281,725 | ||||||
6.125% due 5/15/2028(2) |
414,000 | 392,186 | ||||||
Anglo American Capital PLC |
||||||||
4.00% due 9/11/2027(2) |
1,300,000 | 1,190,553 | ||||||
FMG Resources August 2006 Pty. Ltd. |
||||||||
4.375% due 4/1/2031(2) |
330,000 | 255,618 | ||||||
Freeport Indonesia PT |
||||||||
5.315% due 4/14/2032(2) |
243,000 | 200,448 | ||||||
Glencore Funding LLC |
||||||||
2.85% due 4/27/2031(2) |
555,000 | 429,576 | ||||||
4.875% due 3/12/2029(2) |
1,547,000 | 1,424,493 | ||||||
|
|
|||||||
4,174,599 | ||||||||
|
|
|||||||
Oil & Gas 3.0% |
||||||||
California Resources Corp. |
||||||||
7.125% due 2/1/2026(2) |
358,000 | 336,685 | ||||||
Callon Petroleum Co. |
||||||||
8.00% due 8/1/2028(2) |
285,000 | 262,676 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Oil & Gas (continued) |
||||||||
Comstock Resources, Inc. |
||||||||
6.75% due 3/1/2029(2) |
$ | 331,000 | $ | 306,327 | ||||
Continental Resources, Inc. |
||||||||
5.75% due 1/15/2031(2) |
1,475,000 | 1,333,061 | ||||||
Diamondback Energy, Inc. |
||||||||
3.125% due 3/24/2031 |
891,000 | 722,770 | ||||||
3.50% due 12/1/2029 |
314,000 | 271,073 | ||||||
EQT Corp. |
||||||||
7.00% due 2/1/2030 |
1,080,000 | 1,114,679 | ||||||
Laredo Petroleum, Inc. |
||||||||
9.50% due 1/15/2025 |
288,000 | 286,119 | ||||||
MEG Energy Corp. |
||||||||
5.875% due 2/1/2029(2) |
355,000 | 318,336 | ||||||
Occidental Petroleum Corp. |
||||||||
6.125% due 1/1/2031 |
112,000 | 110,308 | ||||||
6.625% due 9/1/2030 |
778,000 | 788,254 | ||||||
Ovintiv, Inc. |
||||||||
6.50% due 2/1/2038 |
498,000 | 483,757 | ||||||
Petroleos Mexicanos |
||||||||
6.70% due 2/16/2032 |
1,041,000 | 732,271 | ||||||
Range Resources Corp. |
||||||||
8.25% due 1/15/2029 |
229,000 | 232,250 | ||||||
SM Energy Co. |
||||||||
6.75% due 9/15/2026 |
201,000 | 193,462 | ||||||
Tengizchevroil Finance Co. International Ltd. |
||||||||
3.25% due 8/15/2030(2) |
235,000 | 166,725 | ||||||
|
|
|||||||
7,658,753 | ||||||||
|
|
|||||||
Oil & Gas Services 0.1% |
||||||||
Weatherford International Ltd. |
||||||||
8.625% due 4/30/2030(2) |
334,000 | 291,345 | ||||||
|
|
|||||||
291,345 | ||||||||
|
|
|||||||
Pharmaceuticals 1.1% |
||||||||
Bayer Corp. |
||||||||
6.65% due 2/15/2028(2) |
343,000 | 343,412 | ||||||
Cigna Corp. |
||||||||
2.40% due 3/15/2030 |
706,000 | 576,336 | ||||||
CVS Health Corp. |
||||||||
3.25% due 8/15/2029 |
1,340,000 | 1,173,009 | ||||||
Option Care Health, Inc. |
||||||||
4.375% due 10/31/2029(2) |
325,000 | 274,651 | ||||||
Organon & Co. / Organon Foreign Debt Co-Issuer BV |
||||||||
4.125% due 4/30/2028(2) |
321,000 | 274,429 | ||||||
Owens & Minor, Inc. |
||||||||
6.625% due 4/1/2030(2) |
300,000 | 263,976 | ||||||
|
|
|||||||
2,905,813 | ||||||||
|
|
|||||||
Pipelines 1.5% |
||||||||
Cheniere Energy Partners LP |
||||||||
3.25% due 1/31/2032 |
344,000 | 264,237 | ||||||
CNX Midstream Partners LP |
||||||||
4.75% due 4/15/2030(2) |
326,000 | 256,340 | ||||||
Eastern Gas Transmission & Storage, Inc. |
||||||||
3.00% due 11/15/2029 |
428,000 | 366,933 | ||||||
EIG Pearl Holdings Sarl |
||||||||
3.545% due 8/31/2036(2) |
710,000 | 566,985 | ||||||
Galaxy Pipeline Assets Bidco Ltd. |
||||||||
3.25% due 9/30/2040(2) |
717,000 | 525,109 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Pipelines (continued) |
| |||||||
Kinder Morgan Energy Partners LP |
||||||||
4.25% due 9/1/2024 |
$ | 643,000 | $ | 632,300 | ||||
NGPL PipeCo LLC |
||||||||
3.25% due 7/15/2031(2) |
830,000 | 650,986 | ||||||
Sabine Pass Liquefaction LLC |
||||||||
5.625% due 3/1/2025 |
235,000 | 234,601 | ||||||
Venture Global Calcasieu Pass LLC |
||||||||
4.125% due 8/15/2031(2) |
317,000 | 262,701 | ||||||
|
|
|||||||
3,760,192 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 1.5% |
||||||||
American Tower Corp. |
||||||||
2.40% due 3/15/2025 |
448,000 | 417,334 | ||||||
2.95% due 1/15/2025 |
235,000 | 222,822 | ||||||
Crown Castle, Inc. |
||||||||
3.30% due 7/1/2030 |
800,000 | 670,440 | ||||||
EPR Properties |
||||||||
3.75% due 8/15/2029 |
712,000 | 545,613 | ||||||
4.95% due 4/15/2028 |
695,000 | 597,366 | ||||||
Invitation Homes Operating Partnership LP |
||||||||
2.00% due 8/15/2031 |
906,000 | 650,880 | ||||||
2.30% due 11/15/2028 |
342,000 | 273,877 | ||||||
VICI Properties LP / VICI Note Co., Inc. |
||||||||
5.625% due 5/1/2024(2) |
474,000 | 465,397 | ||||||
|
|
|||||||
3,843,729 | ||||||||
|
|
|||||||
Retail 0.1% |
||||||||
Murphy Oil USA, Inc. |
||||||||
3.75% due 2/15/2031(2) |
353,000 | 283,360 | ||||||
|
|
|||||||
283,360 | ||||||||
|
|
|||||||
Semiconductors 0.7% |
||||||||
Advanced Micro Devices, Inc. |
||||||||
3.924% due 6/1/2032 |
560,000 | 508,385 | ||||||
4.393% due 6/1/2052 |
488,000 | 413,312 | ||||||
Broadcom, Inc. |
||||||||
4.15% due 4/15/2032(2) |
603,000 | 507,352 | ||||||
Entegris, Inc. |
||||||||
3.625% due 5/1/2029(2) |
307,000 | 245,953 | ||||||
|
|
|||||||
1,675,002 | ||||||||
|
|
|||||||
Software 0.8% |
||||||||
MSCI, Inc. |
||||||||
3.625% due 11/1/2031(2) |
333,000 | 267,715 | ||||||
Oracle Corp. |
||||||||
2.875% due 3/25/2031 |
2,310,000 | 1,819,703 | ||||||
|
|
|||||||
2,087,418 | ||||||||
|
|
|||||||
Telecommunications 0.6% |
||||||||
Frontier Communications Holdings LLC |
||||||||
5.00% due 5/1/2028(2) |
312,000 | 267,624 | ||||||
Sprint Capital Corp. |
||||||||
6.875% due 11/15/2028 |
689,000 | 708,134 | ||||||
8.75% due 3/15/2032 |
212,000 | 245,721 | ||||||
T-Mobile USA, Inc. |
||||||||
2.625% due 2/15/2029 |
319,000 | 263,334 | ||||||
|
|
|||||||
1,484,813 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Transportation 0.1% |
| |||||||
Seaspan Corp. |
||||||||
5.50% due 8/1/2029(2) |
$ | 343,000 | $ | 264,868 | ||||
|
|
|||||||
264,868 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
102,206,595 | |||||||
|
|
|||||||
Municipals 0.4% |
||||||||
Foothill-Eastern Transportation Corridor Agency |
||||||||
4.094% due 1/15/2049 |
361,000 | 266,424 | ||||||
New Jersey Transportation Trust Fund Authority |
||||||||
4.131% due 6/15/2042 |
605,000 | 485,877 | ||||||
New York City Transitional Finance Authority |
||||||||
B-3 |
||||||||
1.95% due 8/1/2034 |
330,000 | 233,851 | ||||||
Regents of the University of California Medical Center Pooled Revenue |
||||||||
3.006% due 5/15/2050 |
205,000 | 135,874 | ||||||
|
|
|||||||
Total Municipals |
1,122,026 | |||||||
|
|
|||||||
Non-Agency Mortgage-Backed Securities 11.4% |
||||||||
Angel Oak Mortgage Trust |
||||||||
2020-1 A1 |
||||||||
2.466% due 12/25/2059(2)(3)(5) |
41,228 | 40,137 | ||||||
Atrium Hotel Portfolio Trust |
||||||||
2018-ATRM A |
||||||||
3.768% due 6/15/2035(2)(3)(5) |
540,000 | 527,100 | ||||||
BAMLL Commercial Mortgage Securities Trust |
||||||||
2013-WBRK A |
||||||||
3.652% due 3/10/2037(2)(3)(5) |
3,900,000 | 3,595,574 | ||||||
BBCMS Mortgage Trust |
||||||||
2019-BWAY A |
||||||||
3.774% due 11/15/2034(2)(3)(5) |
365,000 | 351,325 | ||||||
2019-BWAY B |
||||||||
4.128% due 11/15/2034(2)(3)(5) |
160,000 | 152,907 | ||||||
BFLD Trust |
||||||||
2019-DPLO E |
||||||||
5.058% due 10/15/2034(2)(3)(5) |
1,000,000 | 942,906 | ||||||
BHMS |
||||||||
2018-ATLS A |
||||||||
4.068% due 7/15/2035(2)(3)(5) |
560,000 | 544,372 | ||||||
2018-ATLS C |
||||||||
4.718% due 7/15/2035(2)(3)(5) |
320,000 | 305,778 | ||||||
2018-ATLS D |
||||||||
5.068% due 7/15/2035(2)(3)(5) |
1,110,000 | 1,058,761 | ||||||
BRAVO Residential Funding Trust |
||||||||
2021-NQM2 A1 |
||||||||
0.97% due 3/25/2060(2)(3)(5) |
972,265 | 908,651 | ||||||
BX Trust |
||||||||
2018-GW A |
||||||||
3.618% due 5/15/2035(2)(3)(5) |
987,000 | 962,043 | ||||||
2022-LBA6 C |
||||||||
4.445% due 1/15/2039(2)(3)(5) |
1,090,000 | 1,020,225 | ||||||
Commercial Mortgage Trust |
||||||||
2015-PC1 C |
||||||||
4.435% due 7/10/2050(3)(5) |
375,000 | 338,979 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Non-Agency Mortgage-Backed Securities (continued) |
||||||||
Connecticut Avenue Securities Trust |
||||||||
2021-R01 1M2 |
||||||||
3.831% due 10/25/2041(2)(3)(5) |
$ | 430,000 | $ | 406,906 | ||||
Credit Suisse Mortgage Capital Certificates |
||||||||
2020-SPT1 A1 |
||||||||
1.616% due 4/25/2065(2)(3)(5) |
75,439 | 73,403 | ||||||
DBWF Mortgage Trust |
||||||||
2018-GLKS A |
||||||||
4.023% due 12/19/2030(2)(3)(5) |
630,000 | 612,950 | ||||||
Deephaven Residential Mortgage Trust |
||||||||
2021-3 A1 |
||||||||
1.194% due 8/25/2066(2)(3)(5) |
649,320 | 556,574 | ||||||
Extended Stay America Trust |
||||||||
2021-ESH C |
||||||||
4.518% due 7/15/2038(2)(3)(5) |
646,024 | 618,059 | ||||||
Fannie Mae Connecticut Avenue Securities |
||||||||
2021-R02 2M2 |
||||||||
4.281% due 11/25/2041(2)(3)(5) |
420,000 | 377,466 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2021-DNA3 M2 |
||||||||
4.381% due 10/25/2033(2)(3)(5) |
655,000 | 626,361 | ||||||
2021-DNA6 M2 |
||||||||
3.781% due 10/25/2041(2)(3)(5) |
739,000 | 700,773 | ||||||
2021-DNA7 M2 |
||||||||
4.081% due 11/25/2041(2)(3)(5) |
540,000 | 483,975 | ||||||
2021-HQA4 M1 |
||||||||
3.231% due 12/25/2041(2)(3)(5) |
640,646 | 611,634 | ||||||
Freddie Mac Structured Agency Credit Risk Debt Note |
||||||||
2022-HQA2 M1A |
||||||||
4.931% due 7/25/2042(2)(3)(5) |
812,692 | 808,601 | ||||||
Great Wolf Trust |
||||||||
2019-WOLF A |
||||||||
3.852% due 12/15/2036(2)(3)(5) |
1,028,000 | 1,001,167 | ||||||
GS Mortgage Securities Corp. II |
||||||||
2012-BWTR A |
||||||||
2.954% due 11/5/2034(2) |
1,273,000 | 1,270,282 | ||||||
GS Mortgage Securities Corp. Trust |
||||||||
2018-RIVR A |
||||||||
3.768% due 7/15/2035(2)(3)(5) |
437,247 | 416,103 | ||||||
2021-ROSS G |
||||||||
7.468% due 5/15/2026(2)(3)(5) |
660,000 | 607,532 | ||||||
2022-ECI A |
||||||||
5.04% due 8/15/2039(2)(3)(5) |
860,000 | 859,993 | ||||||
HONO Mortgage Trust |
||||||||
2021-LULU B |
||||||||
4.268% due 10/15/2036(2)(3)(5) |
250,000 | 234,478 | ||||||
2021-LULU C |
||||||||
4.668% due 10/15/2036(2)(3)(5) |
150,000 | 141,290 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
||||||||
2018-MINN A |
||||||||
4.088% due 11/15/2035(2)(3)(5) |
339,000 | 333,281 | ||||||
2018-WPT AFL |
||||||||
3.833% due 7/5/2033(2)(3)(5) |
234,229 | 233,324 | ||||||
2018-WPT BFL |
||||||||
4.133% due 7/5/2033(2)(3)(5) |
724,000 | 718,550 | ||||||
2018-WPT BFX |
||||||||
4.549% due 7/5/2033(2) |
218,000 | 213,730 | ||||||
2018-WPT CFX |
||||||||
4.95% due 7/5/2033(2) |
290,000 | 281,081 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||||||
Non-Agency Mortgage-Backed Securities (continued) |
||||||||||||
2020-MKST E |
||||||||||||
5.068% due 12/15/2036(2)(3)(5) |
$ | 570,000 | $ | 493,130 | ||||||||
JPMBB Commercial Mortgage Securities Trust |
||||||||||||
2015-C30 C |
||||||||||||
4.373% due 7/15/2048(3)(5) |
340,000 | 298,790 | ||||||||||
KIND Trust |
||||||||||||
2021-KIND D |
||||||||||||
5.118% due 8/15/2038(2)(3)(5) |
585,766 | 544,266 | ||||||||||
Ready Capital Mortgage Financing LLC |
||||||||||||
2021-FL6 C 4.984% due 7/25/2036(2)(3)(5) |
1,280,000 | 1,210,819 | ||||||||||
2022-FL8 A 3.955% due 1/25/2037(2)(3)(5) |
1,060,000 | 1,041,074 | ||||||||||
Starwood Mortgage Residential Trust |
||||||||||||
2020-3 A1 |
||||||||||||
1.486% due 4/25/2065(2)(3)(5) |
221,298 | 201,316 | ||||||||||
Verus Securitization Trust |
||||||||||||
2020-1 A1 2.417% due 1/25/2060(2)(3)(5) |
72,617 | 69,143 | ||||||||||
2020-5 A1 1.218% due 5/25/2065(2)(3)(5) |
312,238 | 286,637 | ||||||||||
Vista Point Securitization Trust |
||||||||||||
2020-2 A1 |
||||||||||||
1.475% due 4/25/2065(2)(3)(5) |
157,414 | 145,911 | ||||||||||
Wells Fargo Commercial Mortgage Trust |
||||||||||||
2016-C35 C |
||||||||||||
4.176% due 7/15/2048(3)(5) |
131,000 | 111,864 | ||||||||||
WFLD Mortgage Trust |
||||||||||||
2014-MONT A |
||||||||||||
3.88% due 8/10/2031(2)(3)(5) |
2,000,000 | 1,904,334 | ||||||||||
|
|
|||||||||||
Total Non-Agency Mortgage-Backed Securities |
29,243,555 | |||||||||||
|
|
|||||||||||
Foreign Government 1.9% |
||||||||||||
Angolan Government International Bond |
||||||||||||
8.75% due 4/14/2032(2) |
USD | 300,000 | 222,342 | |||||||||
Egypt Government International Bond |
||||||||||||
5.80% due 9/30/2027(2) |
USD | 265,000 | 184,997 | |||||||||
Japan Bank for International Cooperation |
||||||||||||
3.875% due 9/16/2025 |
USD | 938,000 | 917,326 | |||||||||
Japan International Cooperation Agency |
||||||||||||
3.25% due 5/25/2027 |
USD | 718,000 | 676,772 | |||||||||
Kommunalbanken AS |
||||||||||||
3.897% due 6/17/2026(2)(3) |
USD | 1,170,000 | 1,197,004 | |||||||||
Nigeria Government International Bond |
||||||||||||
7.143% due 2/23/2030(2) |
USD | 375,000 | 243,360 | |||||||||
Province of Ontario Canada |
||||||||||||
3.10% due 5/19/2027 |
USD | 1,404,000 | 1,323,705 | |||||||||
Sri Lanka Government International Bond |
||||||||||||
5.875% due 7/25/2022(2) |
USD | 200,000 | 59,626 | |||||||||
|
|
|||||||||||
Total Foreign Government |
4,825,132 | |||||||||||
|
|
|||||||||||
Supranational Bonds 0.8% |
||||||||||||
Asian Development Bank |
||||||||||||
3.097% (SOFR + 1.00%) due 4/6/2027(3) |
1,150,000 | 1,183,293 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Supranational Bonds (continued) |
| |||||||
Inter American Investment Corp. |
||||||||
2.625% due 4/22/2025 |
$ | 838,000 | $ | 800,801 | ||||
|
|
|||||||
Total Supranational Bonds |
1,984,094 | |||||||
|
|
|||||||
U.S. Government Agencies 2.0% |
||||||||
Federal Home Loan Bank |
||||||||
2.98% due 1/3/2023 |
5,180,000 | 5,179,327 | ||||||
|
|
|||||||
Total U.S. Government Agencies |
5,179,327 | |||||||
|
|
|||||||
U.S. Government Securities 7.1% |
||||||||
U.S. Treasury Bond |
||||||||
2.375% due 2/15/2042 |
924,000 | 708,015 | ||||||
2.875% due 5/15/2052 |
11,898,000 | 9,973,870 | ||||||
U.S. Treasury Inflation-Protected Indexed Bond |
||||||||
0.125% due 2/15/2052 |
2,525,608 | 1,599,960 | ||||||
U.S. Treasury Note |
||||||||
2.75% due 8/15/2032 |
1,189,000 | 1,087,749 | ||||||
3.00% due 6/30/2024 |
3,701,000 | 3,620,041 | ||||||
4.125% due 9/30/2027 |
1,178,000 | 1,182,049 | ||||||
|
|
|||||||
Total U.S. Government Securities |
18,171,684 | |||||||
|
|
|||||||
Short-Term Investments 7.3% |
||||||||
U.S. Treasury Bills 2.2% |
||||||||
U.S. Treasury Bill |
||||||||
3.772% due 3/16/2023(6) |
5,624,000 | 5,529,517 | ||||||
|
|
|||||||
Total U.S. Treasury Bills |
5,529,517 | |||||||
|
|
|||||||
Repurchase Agreements 5.1% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
13,164,498 | 13,164,498 | ||||||
|
|
|||||||
Total Repurchase Agreements |
13,164,498 | |||||||
|
|
|||||||
Total Investments 120.8% |
309,155,280 | |||||||
|
|
|||||||
Liabilities in excess of other assets(8) (20.8)% |
(53,325,810 | ) | ||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 255,829,470 | ||||||
|
|
(1) | TBA - To be announced. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $114,711,731, representing 44.8% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(4) | The table below presents securities deemed illiquid by the investment adviser. |
Security |
Principal Amount |
Cost | Value | Acquisition Date |
% of Funds Net Assets |
|||||||||||||||
MHP Lux SA |
$ | 475,000 | $ | 434,169 | $ | 235,690 | 9/12/2019 3/31/2020 | 0.09 | % |
(5) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(6) | Interest rate shown reflects the discount rate at time of purchase. |
(7) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 14,021,600 | $ | 13,427,869 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
(8) | Liabilities in excess of other assets include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 44 | Long | $ | 9,152,085 | $ | 9,037,188 | $ | (114,897 | ) | ||||||||||||||
U.S. Long Bond |
December 2022 | 154 | Long | 21,184,925 | 19,466,563 | (1,718,362 | ) | |||||||||||||||||
U.S. Ultra Long Bond |
December 2022 | 31 | Long | 4,644,098 | 4,247,000 | (397,098 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 34,981,108 | $ | 32,750,751 | $ | (2,230,357 | ) | ||||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 36 | Short | $ | (3,852,774 | ) | $ | (3,870,281 | ) | $ | (17,507 | ) | ||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 91 | Short | (11,257,797 | ) | (10,782,078 | ) | 475,719 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (15,110,571 | ) | $ | (14,652,359 | ) | $ | 458,212 | |||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
H15T1Y 1-year Constant Maturity Treasury Rate
H15T5Y 5-year Constant Maturity Treasury Rate
ICE Intercontinental Exchange
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
SOFR30A Secured Overnight Financing Rate 30-Day Average
USD United States Dollar
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency Mortgage-Backed Securities |
$ | | $ | 73,529,193 | $ | | $ | 73,529,193 | ||||||||
Asset-Backed Securities |
| 54,199,659 | | 54,199,659 | ||||||||||||
Corporate Bonds & Notes |
| 102,206,595 | | 102,206,595 | ||||||||||||
Municipals |
| 1,122,026 | | 1,122,026 | ||||||||||||
Non-Agency Mortgage-Backed Securities |
| 29,243,555 | | 29,243,555 | ||||||||||||
Foreign Government |
| 4,825,132 | | 4,825,132 | ||||||||||||
Supranational Bonds |
| 1,984,094 | | 1,984,094 | ||||||||||||
U.S. Government Agencies |
| 5,179,327 | | 5,179,327 | ||||||||||||
U.S. Government Securities |
| 18,171,684 | | 18,171,684 | ||||||||||||
U.S. Treasury Bills |
| 5,529,517 | | 5,529,517 | ||||||||||||
Repurchase Agreements |
| 13,164,498 | | 13,164,498 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | | $ | 309,155,280 | $ | | $ | 309,155,280 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
|
|||||||||||||||
Assets |
$ | 475,719 | $ | | $ | | $ | 475,719 | ||||||||
Liabilities |
(2,247,864 | ) | | | (2,247,864 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (1,772,145 | ) | $ | | $ | | $ | (1,772,145 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.7% |
| |||||||
Auto Components 1.0% |
| |||||||
Visteon Corp.(1) |
23,540 | $ | 2,496,652 | |||||
|
|
|||||||
2,496,652 | ||||||||
|
|
|||||||
Banks 9.7% |
| |||||||
Bank OZK |
103,993 | 4,113,963 | ||||||
Cadence Bank |
144,769 | 3,678,580 | ||||||
National Bank Holdings Corp., Class A |
58,800 | 2,175,012 | ||||||
Veritex Holdings, Inc. |
94,525 | 2,513,420 | ||||||
Washington Federal, Inc. |
119,504 | 3,582,730 | ||||||
WesBanco, Inc. |
107,626 | 3,591,480 | ||||||
Wintrust Financial Corp. |
43,806 | 3,572,379 | ||||||
|
|
|||||||
23,227,564 | ||||||||
|
|
|||||||
Biotechnology 0.5% |
| |||||||
Ultragenyx Pharmaceutical, Inc.(1) |
26,722 | 1,106,558 | ||||||
|
|
|||||||
1,106,558 | ||||||||
|
|
|||||||
Capital Markets 0.7% |
| |||||||
CONX Corp.(1) |
168,430 | 1,680,931 | ||||||
|
|
|||||||
1,680,931 | ||||||||
|
|
|||||||
Chemicals 2.4% |
| |||||||
Avient Corp. |
56,828 | 1,721,889 | ||||||
Olin Corp. |
90,723 | 3,890,202 | ||||||
|
|
|||||||
5,612,091 | ||||||||
|
|
|||||||
Communications Equipment 1.3% |
| |||||||
Extreme Networks, Inc.(1) |
237,300 | 3,101,511 | ||||||
|
|
|||||||
3,101,511 | ||||||||
|
|
|||||||
Construction & Engineering 1.1% |
| |||||||
Primoris Services Corp. |
157,472 | 2,558,920 | ||||||
|
|
|||||||
2,558,920 | ||||||||
|
|
|||||||
Consumer Finance 3.1% |
| |||||||
Encore Capital Group, Inc.(1) |
49,466 | 2,249,714 | ||||||
OneMain Holdings, Inc. |
75,300 | 2,222,856 | ||||||
Oportun Financial Corp.(1) |
176,597 | 771,729 | ||||||
PROG Holdings, Inc.(1) |
136,051 | 2,038,044 | ||||||
|
|
|||||||
7,282,343 | ||||||||
|
|
|||||||
Diversified Consumer Services 1.1% |
| |||||||
Stride, Inc.(1) |
61,698 | 2,593,167 | ||||||
|
|
|||||||
2,593,167 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 0.9% |
| |||||||
Anterix, Inc.(1) |
56,939 | 2,033,861 | ||||||
|
|
|||||||
2,033,861 | ||||||||
|
|
|||||||
Electric Utilities 1.1% |
| |||||||
Portland General Electric Co. |
63,104 | 2,742,500 | ||||||
|
|
|||||||
2,742,500 | ||||||||
|
|
|||||||
Electrical Equipment 1.0% |
| |||||||
EnerSys |
41,835 | 2,433,542 | ||||||
|
|
|||||||
2,433,542 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.6% |
| |||||||
Advanced Energy Industries, Inc. |
29,292 | 2,267,494 | ||||||
Itron, Inc.(1) |
58,942 | 2,482,047 | ||||||
nLight, Inc.(1) |
154,122 | 1,456,453 | ||||||
|
|
|||||||
6,205,994 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Energy Equipment & Services 1.1% |
| |||||||
Helmerich & Payne, Inc. |
73,494 | $ | 2,717,073 | |||||
|
|
|||||||
2,717,073 | ||||||||
|
|
|||||||
Entertainment 0.5% |
| |||||||
PLAYSTUDIOS, Inc.(1) |
10,681 | 37,277 | ||||||
PLAYSTUDIOS, Inc.(1)(2) |
325,000 | 1,134,250 | ||||||
|
|
|||||||
1,171,527 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 5.7% |
| |||||||
Corporate Office Properties Trust |
129,634 | 3,011,398 | ||||||
Kite Realty Group Trust |
206,448 | 3,555,035 | ||||||
LXP Industrial Trust |
238,378 | 2,183,542 | ||||||
Physicians Realty Trust |
158,224 | 2,379,689 | ||||||
RLJ Lodging Trust |
233,183 | 2,359,812 | ||||||
|
|
|||||||
13,489,476 | ||||||||
|
|
|||||||
Food Products 2.0% |
| |||||||
Sovos Brands, Inc.(1) |
143,793 | 2,047,612 | ||||||
Utz Brands, Inc. |
179,504 | 2,710,511 | ||||||
|
|
|||||||
4,758,123 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 3.1% |
| |||||||
Lantheus Holdings, Inc.(1) |
52,244 | 3,674,320 | ||||||
Novocure Ltd.(1) |
15,767 | 1,197,977 | ||||||
Omnicell, Inc.(1) |
30,359 | 2,642,144 | ||||||
|
|
|||||||
7,514,441 | ||||||||
|
|
|||||||
Health Care Providers & Services 5.1% |
| |||||||
Acadia Healthcare Co., Inc.(1) |
31,905 | 2,494,333 | ||||||
CareMax, Inc.(1) |
81,958 | 581,082 | ||||||
CareMax, Inc.(1)(2) |
213,620 | 1,514,566 | ||||||
HealthEquity, Inc.(1) |
64,982 | 4,364,841 | ||||||
R1 RCM, Inc.(1) |
172,447 | 3,195,443 | ||||||
|
|
|||||||
12,150,265 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 2.4% |
| |||||||
Bloomin Brands, Inc. |
173,000 | 3,171,090 | ||||||
Everi Holdings, Inc.(1) |
158,095 | 2,564,301 | ||||||
|
|
|||||||
5,735,391 | ||||||||
|
|
|||||||
Household Durables 2.2% |
| |||||||
Century Communities, Inc. |
122,638 | 5,246,454 | ||||||
|
|
|||||||
5,246,454 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers 1.2% |
| |||||||
Sunnova Energy International, Inc.(1) |
132,809 | 2,932,423 | ||||||
|
|
|||||||
2,932,423 | ||||||||
|
|
|||||||
Insurance 2.1% |
| |||||||
Assured Guaranty Ltd. |
47,505 | 2,301,617 | ||||||
BRP Group, Inc., Class A(1) |
98,585 | 2,597,715 | ||||||
|
|
|||||||
4,899,332 | ||||||||
|
|
|||||||
IT Services 2.1% |
| |||||||
Euronet Worldwide, Inc.(1) |
39,000 | 2,954,640 | ||||||
Thoughtworks Holding, Inc.(1) |
207,721 | 2,178,993 | ||||||
|
|
|||||||
5,133,633 | ||||||||
|
|
|||||||
Leisure Products 1.2% |
| |||||||
Vista Outdoor, Inc.(1) |
114,483 | 2,784,227 | ||||||
|
|
|||||||
2,784,227 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Life Sciences Tools & Services 1.6% |
| |||||||
Maravai LifeSciences Holdings, Inc., Class A(1) |
53,400 | $ | 1,363,302 | |||||
Syneos Health, Inc.(1) |
52,322 | 2,466,982 | ||||||
|
|
|||||||
3,830,284 | ||||||||
|
|
|||||||
Machinery 3.7% |
| |||||||
Altra Industrial Motion Corp. |
107,127 | 3,601,610 | ||||||
Hillman Solutions Corp.(1) |
440,275 | 3,319,673 | ||||||
Terex Corp. |
60,600 | 1,802,244 | ||||||
|
|
|||||||
8,723,527 | ||||||||
|
|
|||||||
Media 2.4% |
| |||||||
Gray Television, Inc. |
234,416 | 3,356,837 | ||||||
Integral Ad Science Holding Corp.(1) |
328,757 | 2,380,201 | ||||||
|
|
|||||||
5,737,038 | ||||||||
|
|
|||||||
Metals & Mining 2.8% |
| |||||||
Commercial Metals Co. |
94,166 | 3,341,010 | ||||||
Constellium SE(1) |
154,344 | 1,565,048 | ||||||
MP Materials Corp.(1) |
66,276 | 1,809,335 | ||||||
|
|
|||||||
6,715,393 | ||||||||
|
|
|||||||
Mortgage Real Estate Investment Trusts (REITs) 0.7% |
| |||||||
Redwood Trust, Inc. |
285,758 | 1,640,251 | ||||||
|
|
|||||||
1,640,251 | ||||||||
|
|
|||||||
Multi-Utilities 1.5% |
| |||||||
Black Hills Corp. |
53,959 | 3,654,643 | ||||||
|
|
|||||||
3,654,643 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 4.7% |
| |||||||
CNX Resources Corp.(1) |
165,814 | 2,575,091 | ||||||
HF Sinclair Corp. |
44,948 | 2,420,000 | ||||||
Magnolia Oil & Gas Corp., Class A |
173,345 | 3,433,965 | ||||||
Matador Resources Co. |
57,700 | 2,822,684 | ||||||
|
|
|||||||
11,251,740 | ||||||||
|
|
|||||||
Pharmaceuticals 1.1% |
| |||||||
Cara Therapeutics, Inc.(1) |
75,200 | 703,872 | ||||||
Intra-Cellular Therapies, Inc.(1) |
41,871 | 1,948,258 | ||||||
|
|
|||||||
2,652,130 | ||||||||
|
|
|||||||
Professional Services 3.3% |
| |||||||
ICF International, Inc. |
28,194 | 3,073,710 | ||||||
Korn Ferry |
48,561 | 2,279,939 | ||||||
Sterling Check Corp.(1) |
149,723 | 2,641,113 | ||||||
|
|
|||||||
7,994,762 | ||||||||
|
|
|||||||
Road & Rail 1.2% |
| |||||||
Marten Transport Ltd. |
150,289 | 2,879,537 | ||||||
|
|
|||||||
2,879,537 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 2.9% |
| |||||||
Photronics, Inc.(1) |
136,000 | 1,988,320 | ||||||
Semtech Corp.(1) |
43,177 | 1,269,836 | ||||||
SMART Global Holdings, Inc.(1) |
229,375 | 3,640,181 | ||||||
|
|
|||||||
6,898,337 | ||||||||
|
|
|||||||
Software 4.3% |
| |||||||
CommVault Systems, Inc.(1) |
72,325 | 3,836,118 | ||||||
NCR Corp.(1) |
149,882 | 2,849,257 | ||||||
Rapid7, Inc.(1) |
45,034 | 1,931,958 | ||||||
WalkMe Ltd.(1) |
187,790 | 1,596,215 | ||||||
|
|
|||||||
10,213,548 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||||||||||||||||||
Common Stocks (continued) |
||||||||||||||||||||||||
Specialty Retail 5.1% |
| |||||||||||||||||||||||
Group 1 Automotive, Inc. |
|
21,229 | $ | 3,032,987 | ||||||||||||||||||||
Murphy USA, Inc. |
|
17,479 | 4,805,152 | |||||||||||||||||||||
Petco Health & Wellness Co., Inc.(1) |
|
171,356 | 1,912,333 | |||||||||||||||||||||
Urban Outfitters, Inc.(1) |
|
119,682 | 2,351,751 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||
12,102,223 | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Thrifts & Mortgage Finance 3.0% |
| |||||||||||||||||||||||
NMI Holdings, Inc., Class A(1) |
|
191,194 | 3,894,622 | |||||||||||||||||||||
WSFS Financial Corp. |
|
70,086 | 3,256,195 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||
7,150,817 | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Trading Companies & Distributors 5.2% |
| |||||||||||||||||||||||
Custom Truck One Source, Inc.(1) |
|
103,158 | 601,411 | |||||||||||||||||||||
Custom Truck One Source, Inc.(1)(2) |
|
342,859 | 1,998,868 | |||||||||||||||||||||
GATX Corp. |
|
30,501 | 2,597,160 | |||||||||||||||||||||
Rush Enterprises, Inc., Class A |
|
68,360 | 2,998,270 | |||||||||||||||||||||
Textainer Group Holdings Ltd. |
|
153,340 | 4,118,712 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||
12,314,421 | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Total Common Stocks |
|
235,366,650 | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Warrants 0.0% |
| |||||||||||||||||||||||
East Resources Acquisition Co.(1) |
|
76,065 | 11,402 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||
Total Warrants |
|
11,402 | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Principal Amount |
Value | |||||||||||||||||||||||
Short-Term Investments 0.9% |
| |||||||||||||||||||||||
Repurchase Agreements 0.9% |
| |||||||||||||||||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value
of |
|
$ | 2,207,318 | 2,207,318 | ||||||||||||||||||||
|
|
|||||||||||||||||||||||
Total Repurchase Agreements |
|
2,207,318 | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Total Investments 99.6% |
|
237,585,370 | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Assets in excess of other liabilities 0.4% |
|
1,001,049 | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||
Total Net Assets 100.0% |
|
$ | 238,586,419 | |||||||||||||||||||||
|
|
(1) | Nonincomeproducing security. |
(2) | Security is restricted. Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. At September 30, 2022, the aggregate market value of these securities amounted to $4,647,684, representing 1.9% of net assets. |
(3) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 2,351,100 | $ | 2,251,545 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 235,366,650 | $ | | $ | | $ | 235,366,650 | ||||||||
Warrants |
| 11,402 | | 11,402 | ||||||||||||
Repurchase Agreements |
| 2,207,318 | | 2,207,318 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 235,366,650 | $ | 2,218,720 | $ | | $ | 237,585,370 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GLOBAL UTILITIES VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.0% |
||||||||
Bermuda 3.2% |
||||||||
CK Infrastructure Holdings Ltd. |
374,000 | $ | 1,908,192 | |||||
|
|
|||||||
1,908,192 | ||||||||
|
|
|||||||
Brazil 2.0% |
||||||||
Cia de Saneamento Basico do Estado de Sao Paulo |
131,000 | 1,204,520 | ||||||
|
|
|||||||
1,204,520 | ||||||||
|
|
|||||||
China 6.5% |
||||||||
China Longyuan Power Group Corp. Ltd., Class H |
2,342,800 | 2,929,698 | ||||||
ENN Energy Holdings Ltd. |
73,700 | 980,682 | ||||||
|
|
|||||||
3,910,380 | ||||||||
|
|
|||||||
France 8.3% |
||||||||
Electricite de France SA |
221,174 | 2,575,192 | ||||||
Engie SA |
210,854 | 2,419,306 | ||||||
|
|
|||||||
4,994,498 | ||||||||
|
|
|||||||
Germany 3.2% |
||||||||
RWE AG |
51,408 | 1,891,545 | ||||||
|
|
|||||||
1,891,545 | ||||||||
|
|
|||||||
Italy 2.6% |
||||||||
Enel SpA |
383,830 | 1,572,944 | ||||||
|
|
|||||||
1,572,944 | ||||||||
|
|
|||||||
Japan 2.8% |
||||||||
Kansai Electric Power Co., Inc. |
121,900 | 1,015,859 | ||||||
Tokyo Gas Co. Ltd. |
39,400 | 665,423 | ||||||
|
|
|||||||
1,681,282 | ||||||||
|
|
|||||||
Spain 4.5% |
||||||||
Iberdrola SA |
288,059 | 2,677,905 | ||||||
|
|
|||||||
2,677,905 | ||||||||
|
|
|||||||
United Kingdom 3.3% |
||||||||
National Grid PLC |
194,410 | 2,006,280 | ||||||
|
|
|||||||
2,006,280 | ||||||||
|
|
|||||||
United States 62.6% |
||||||||
AES Corp. |
147,388 | 3,330,969 | ||||||
American Electric Power Co., Inc. |
32,543 | 2,813,342 | ||||||
Atmos Energy Corp. |
24,905 | 2,536,574 | ||||||
CenterPoint Energy, Inc. |
101,701 | 2,865,934 | ||||||
Constellation Energy Corp. |
22,682 | 1,886,916 | ||||||
Dominion Energy, Inc. |
5,772 | 398,903 | ||||||
Duke Energy Corp. |
47,149 | 4,385,800 | ||||||
Edison International |
44,261 | 2,504,287 | ||||||
Exelon Corp. |
64,937 | 2,432,540 | ||||||
FirstEnergy Corp. |
69,615 | 2,575,755 | ||||||
NextEra Energy, Inc. |
46,263 | 3,627,482 | ||||||
NRG Energy, Inc. |
63,178 | 2,417,822 | ||||||
Sempra Energy |
19,627 | 2,942,873 | ||||||
Southern Co. |
42,544 | 2,892,992 | ||||||
|
|
|||||||
37,612,189 | ||||||||
|
|
|||||||
Total Common Stocks |
59,459,735 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GLOBAL UTILITIES VIP FUND
|
Principal Amount |
Value | ||||||
Short-Term Investments 0.9% |
||||||||
Repurchase Agreements 0.9% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 524,956 | $ | 524,956 | ||||
|
|
|||||||
Total Repurchase Agreements |
524,956 | |||||||
|
|
|||||||
Total Investments 99.9% |
59,984,691 | |||||||
|
|
|||||||
Assets in excess of other liabilities 0.1% |
80,517 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 60,065,208 | ||||||
|
|
(1) | The table below presents collateral for repurchase agreements. |
Security |
Coupon |
Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 559,200 | $ | 535,521 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GLOBAL UTILITIES VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
|
|||||||||||||||
Bermuda |
$ | | $ | 1,908,192 | * | $ | | $ | 1,908,192 | |||||||
Brazil |
1,204,520 | | | 1,204,520 | ||||||||||||
China |
| 3,910,380 | * | | 3,910,380 | |||||||||||
France |
| 4,994,498 | * | | 4,994,498 | |||||||||||
Germany |
| 1,891,545 | * | | 1,891,545 | |||||||||||
Italy |
| 1,572,944 | * | | 1,572,944 | |||||||||||
Japan |
| 1,681,282 | * | | 1,681,282 | |||||||||||
Spain |
| 2,677,905 | * | | 2,677,905 | |||||||||||
United Kingdom |
| 2,006,280 | * | | 2,006,280 | |||||||||||
United States |
37,612,189 | | | 37,612,189 | ||||||||||||
Repurchase Agreements |
| 524,956 | | 524,956 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 38,816,709 | $ | 21,167,982 | $ | | $ | 59,984,691 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency Mortgage-Backed Securities 12.1% |
||||||||
Federal Home Loan Mortgage Corp. |
||||||||
3.50% due 6/1/2052 |
$ | 3,129,974 | $ | 2,816,462 | ||||
4.00% due 10/1/2037 |
500,000 | 482,795 | ||||||
4.00% due 6/1/2052 |
4,396,891 | 4,077,998 | ||||||
Federal National Mortgage Association |
||||||||
3.00% due 5/1/2052 |
4,415,558 | 3,840,156 | ||||||
3.00% due 5/1/2052 |
2,253,226 | 1,959,602 | ||||||
3.50% due 5/1/2052 |
4,322,493 | 3,890,223 | ||||||
3.50% due 6/1/2052 |
5,101,752 | 4,590,561 | ||||||
4.00% due 6/1/2052 |
4,578,444 | 4,246,335 | ||||||
Freddie Mac Multifamily Structured Pass-Through Certificates |
||||||||
K073 A2 |
||||||||
3.35% due 1/25/2028 |
1,175,000 | 1,107,467 | ||||||
K103 A2 |
||||||||
2.651% due 11/25/2029 |
1,390,000 | 1,235,411 | ||||||
Uniform Mortgage-Backed Security |
||||||||
4.50% due 10/13/2052(1) |
500,000 | 475,773 | ||||||
|
|
|||||||
Total Agency Mortgage-Backed Securities |
28,722,783 | |||||||
|
|
|||||||
Asset-Backed Securities 15.6% |
||||||||
AIMCO CLO |
||||||||
2017-AA DR |
||||||||
5.86% (LIBOR 3 Month + 3.15%) due 4/20/2034(2)(3) |
1,800,000 | 1,577,198 | ||||||
American Express Credit Account Master Trust |
||||||||
2017-7 B |
||||||||
2.54% due 5/15/2025 |
2,080,000 | 2,078,177 | ||||||
American Tower Trust I |
||||||||
13 2A |
||||||||
3.07% due 3/15/2048(2) |
1,300,000 | 1,290,978 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
2019-3 B |
||||||||
2.13% due 7/18/2025 |
603,979 | 602,706 | ||||||
Ares XXXIV CLO Ltd. |
||||||||
2015-2A BR2 |
||||||||
4.34% (LIBOR 3 Month + 1.60%) due 4/17/2033(2)(3) |
300,000 | 282,390 | ||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
4.46% (LIBOR 3 Month + 1.75%) due 10/20/2030(2)(3) |
600,000 | 564,891 | ||||||
Capital One Prime Auto Receivables Trust |
||||||||
2022-2 A2A |
||||||||
3.74% due 9/15/2025 |
1,500,000 | 1,490,984 | ||||||
CarMax Auto Owner Trust |
||||||||
2020-4 B |
||||||||
0.85% due 6/15/2026 |
1,250,000 | 1,149,600 | ||||||
CIFC Funding Ltd. |
||||||||
2013-4A BRR |
||||||||
4.369% (LIBOR 3 Month + 1.60%) due 4/27/2031(2)(3) |
1,200,000 | 1,140,480 | ||||||
DB Master Finance LLC |
||||||||
2021-1A A2II |
||||||||
2.493% due 11/20/2051(2) |
942,875 | 767,727 | ||||||
Dell Equipment Finance Trust |
||||||||
2020-2 A3 |
||||||||
0.57% due 10/23/2023(2) |
834,021 | 823,480 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Elmwood CLO IX Ltd. |
||||||||
2021-2A C |
||||||||
4.61% (LIBOR 3 Month + 1.90%) due 7/20/2034(2)(3) |
$ | 1,000,000 | $ | 902,696 | ||||
Ford Credit Auto Owner Trust |
||||||||
2020-1 A |
||||||||
2.04% due 8/15/2031(2) |
1,600,000 | 1,488,585 | ||||||
Ford Credit Floorplan Master Owner Trust |
||||||||
2020-2 A |
||||||||
1.06% due 9/15/2027 |
1,320,000 | 1,182,323 | ||||||
GLS Auto Receivables Issuer Trust |
||||||||
2019-4A B |
||||||||
2.78% due 9/16/2024(2) |
407,878 | 407,543 | ||||||
GM Financial Consumer Automobile Receivables Trust |
||||||||
2020-A A3 |
||||||||
0.38% due 8/18/2025 |
1,043,799 | 1,018,621 | ||||||
Golden Credit Card Trust |
||||||||
2018-4A A |
||||||||
3.44% due 8/15/2025(2) |
1,410,000 | 1,399,455 | ||||||
Greywolf CLO II Ltd. |
||||||||
2013-1A C2RR |
||||||||
6.712% (LIBOR 3 Month + 4.20%) due 4/15/2034(2)(3) |
2,400,000 | 2,113,819 | ||||||
Hyundai Auto Lease Securitization Trust |
||||||||
2020-B A4 |
||||||||
0.58% due 6/17/2024(2) |
1,950,000 | 1,927,114 | ||||||
Hyundai Auto Receivables Trust |
||||||||
2021-A A3 |
||||||||
0.38% due 9/15/2025 |
2,007,000 | 1,939,575 | ||||||
ICG U.S. CLO Ltd. |
||||||||
2018-2A B |
||||||||
4.509% (LIBOR 3 Month + 1.75%) due 7/22/2031(2)(3) |
1,000,000 | 943,804 | ||||||
Master Credit Card Trust |
||||||||
2021-1A A |
||||||||
0.53% due 11/21/2025(2) |
1,410,000 | 1,310,386 | ||||||
Neuberger Berman CLO XVII Ltd. |
||||||||
2014-17A BR2 |
||||||||
4.259% (LIBOR 3 Month + 1.50%) due 4/22/2029(2)(3) |
1,400,000 | 1,330,700 | ||||||
Nissan Auto Receivables Owner Trust |
||||||||
2019-C A4 |
||||||||
1.95% due 5/15/2026 |
1,000,000 | 978,553 | ||||||
Octagon Investment Partners 50 Ltd. |
||||||||
2020-4A DR |
||||||||
5.662% (LIBOR 3 Month + 3.15%) due 1/15/2035(2)(3) |
400,000 | 346,953 | ||||||
OHA Credit Funding 2 Ltd. |
||||||||
2019-2A CR |
||||||||
4.932% (LIBOR 3 Month + 2.20%) due 4/21/2034(2)(3) |
1,800,000 | 1,654,560 | ||||||
Oscar U.S. Funding XIV LLC |
||||||||
2022-1A A2 |
||||||||
1.60% due 3/10/2025(2) |
1,096,963 | 1,074,335 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
2021-1 B |
||||||||
0.50% due 4/15/2025 |
334,027 | 333,586 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Asset-Backed Securities (continued) |
| |||||||
Synchrony Card Funding LLC |
||||||||
2022-A1 A |
||||||||
3.37% due 4/15/2028 |
$ | 1,060,000 | $ | 1,027,211 | ||||
Toyota Auto Receivables Owner Trust |
||||||||
2019-C A4 |
||||||||
1.88% due 11/15/2024 |
700,000 | 692,463 | ||||||
Verizon Owner Trust |
||||||||
2019-B |
||||||||
2.40% due 12/20/2023 |
1,000,000 | 999,452 | ||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
4.49% (LIBOR 3 Month + 1.75%) due 10/18/2031(2)(3) |
835,000 | 789,660 | ||||||
Westlake Automobile Receivables Trust |
||||||||
2020-3A A2 |
||||||||
0.56% due 5/15/2024(2) |
134,525 | 134,395 | ||||||
World Omni Auto Receivables Trust |
||||||||
2022-C A2 |
||||||||
3.73% due 3/16/2026 |
1,400,000 | 1,386,416 | ||||||
|
|
|||||||
Total Asset-Backed Securities |
|
37,150,816 | ||||||
|
|
|||||||
Corporate Bonds & Notes 29.3% |
||||||||
Aerospace & Defense 0.3% |
||||||||
Boeing Co. |
||||||||
5.15% due 5/1/2030 |
600,000 | 555,594 | ||||||
5.805% due 5/1/2050 |
200,000 | 174,040 | ||||||
|
|
|||||||
729,634 | ||||||||
|
|
|||||||
Agriculture 0.4% |
||||||||
Cargill, Inc. |
||||||||
2.125% due 11/10/2031(2) |
1,300,000 | 1,012,739 | ||||||
|
|
|||||||
1,012,739 | ||||||||
|
|
|||||||
Apparel 0.2% |
||||||||
NIKE, Inc. |
||||||||
2.85% due 3/27/2030 |
500,000 | 435,135 | ||||||
|
|
|||||||
435,135 | ||||||||
|
|
|||||||
Beverages 0.8% |
||||||||
Anheuser-Busch InBev Worldwide, Inc. |
||||||||
3.50% due 6/1/2030 |
900,000 | 803,016 | ||||||
PepsiCo, Inc. |
||||||||
1.95% due 10/21/2031 |
1,300,000 | 1,034,631 | ||||||
|
|
|||||||
1,837,647 | ||||||||
|
|
|||||||
Building Materials 0.4% |
||||||||
Cornerstone Building Brands, Inc. |
||||||||
6.125% due 1/15/2029(2) |
1,500,000 | 846,165 | ||||||
|
|
|||||||
846,165 | ||||||||
|
|
|||||||
Commercial Banks 5.9% |
||||||||
Bank of America Corp. |
||||||||
4.271% (4.271% fixed rate until 7/23/2028; LIBOR 3 Month + 1.31% thereafter) due 7/23/2029(3) |
3,400,000 | 3,101,854 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Commercial Banks (continued) |
| |||||||
Credit Suisse Group AG |
||||||||
4.207% (4.207% fixed rate until 6/12/2023; LIBOR 3 Month + 1.24% thereafter) due 6/12/2024(2)(3) |
$ | 500,000 | $ | 489,680 | ||||
Goldman Sachs Group, Inc. |
||||||||
4.223% (4.223% fixed rate until 5/1/2028; LIBOR 3 Month + 1.30% thereafter) due 5/1/2029(3) |
1,000,000 | 910,630 | ||||||
4.387% (4.387% fixed rate until 6/15/2026; SOFR + 1.51% thereafter) due 6/15/2027(3) |
600,000 | 571,512 | ||||||
Huntington National Bank |
||||||||
4.552% (4.552% fixed rate until 5/17/2027; SOFR + 1.65% thereafter) due 5/17/2028(3) |
1,300,000 | 1,250,795 | ||||||
JPMorgan Chase & Co. |
||||||||
4.203% (4.203% fixed rate until 7/23/2028; LIBOR 3 Month + 1.26% thereafter) due 7/23/2029(3) |
2,700,000 | 2,456,028 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
||||||||
5.354% (5.354% fixed rate until 9/13/2027; H15T1Y + 1.90% thereafter) due 9/13/2028(3) |
1,400,000 | 1,364,804 | ||||||
Morgan Stanley |
||||||||
3.772% (3.772% fixed rate until 1/24/2028; LIBOR 3 Month + 1.14% thereafter) due 1/24/2029(3) |
3,100,000 | 2,793,503 | ||||||
UBS Group AG |
||||||||
4.751% (4.751% fixed rate until 5/12/2027; H15T1Y + 1.75% thereafter) due 5/12/2028(2)(3) |
1,100,000 | 1,032,482 | ||||||
|
|
|||||||
13,971,288 | ||||||||
|
|
|||||||
Computers 0.3% |
||||||||
Apple, Inc. |
||||||||
2.65% due 2/8/2051 |
400,000 | 262,472 | ||||||
2.90% due 9/12/2027 |
600,000 | 553,608 | ||||||
|
|
|||||||
816,080 | ||||||||
|
|
|||||||
Cosmetics & Personal Care 0.6% |
||||||||
Estee Lauder Cos., Inc. |
||||||||
2.60% due 4/15/2030 |
500,000 | 424,185 | ||||||
GSK Consumer Healthcare Capital U.S. LLC |
||||||||
3.625% due 3/24/2032(2) |
1,300,000 | 1,101,152 | ||||||
|
|
|||||||
1,525,337 | ||||||||
|
|
|||||||
Diversified Financial Services 0.8% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
2.45% due 10/29/2026 |
1,000,000 | 845,450 | ||||||
3.00% due 10/29/2028 |
700,000 | 564,354 | ||||||
Capital One Financial Corp. |
||||||||
4.927% (4.927% fixed rate until 5/10/2027; SOFR + 2.06% thereafter) |
500,000 | 475,930 | ||||||
|
|
|||||||
1,885,734 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Electric 1.2% |
||||||||
Alabama Power Co. |
||||||||
3.94% due 9/1/2032 |
$ | 950,000 | $ | 856,301 | ||||
Consumers Energy Co. |
||||||||
3.60% due 8/15/2032 |
300,000 | 268,101 | ||||||
4.20% due 9/1/2052 |
400,000 | 332,484 | ||||||
Duke Energy Corp. |
||||||||
3.50% due 6/15/2051 |
950,000 | 640,747 | ||||||
Tampa Electric Co. |
||||||||
5.00% due 7/15/2052 |
600,000 | 548,382 | ||||||
Wisconsin Public Service Corp. |
||||||||
2.85% due 12/1/2051 |
500,000 | 322,760 | ||||||
|
|
|||||||
2,968,775 | ||||||||
|
|
|||||||
Electronics 0.5% |
||||||||
Honeywell International, Inc. |
||||||||
2.70% due 8/15/2029 |
1,300,000 | 1,142,336 | ||||||
|
|
|||||||
1,142,336 | ||||||||
|
|
|||||||
Entertainment 0.5% |
||||||||
Affinity Gaming |
||||||||
6.875% due 12/15/2027(2) |
675,000 | 549,882 | ||||||
Warnermedia Holdings, Inc. |
||||||||
4.279% due 3/15/2032(2) |
750,000 | 617,520 | ||||||
|
|
|||||||
1,167,402 | ||||||||
|
|
|||||||
Environmental Control 0.6% |
||||||||
Waste Management, Inc. |
||||||||
4.15% due 4/15/2032 |
1,600,000 | 1,481,344 | ||||||
|
|
|||||||
1,481,344 | ||||||||
|
|
|||||||
Food 0.4% |
||||||||
Kraft Heinz Foods Co. |
||||||||
3.75% due 4/1/2030 |
800,000 | 705,144 | ||||||
Kroger Co. |
||||||||
1.70% due 1/15/2031 |
400,000 | 300,692 | ||||||
|
|
|||||||
1,005,836 | ||||||||
|
|
|||||||
Healthcare-Products 0.5% |
||||||||
Abbott Laboratories |
||||||||
4.75% due 11/30/2036 |
1,200,000 | 1,172,220 | ||||||
|
|
|||||||
1,172,220 | ||||||||
|
|
|||||||
Healthcare-Services 0.2% |
||||||||
UnitedHealth Group, Inc. |
||||||||
4.20% due 5/15/2032 |
600,000 | 557,862 | ||||||
|
|
|||||||
557,862 | ||||||||
|
|
|||||||
Insurance 1.8% |
||||||||
Athene Holding Ltd. |
||||||||
3.50% due 1/15/2031 |
1,000,000 | 800,380 | ||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
1,400,000 | 1,057,378 | ||||||
CNA Financial Corp. |
||||||||
2.05% due 8/15/2030 |
1,410,000 | 1,078,368 | ||||||
MetLife, Inc. |
||||||||
4.55% due 3/23/2030 |
500,000 | 479,300 | ||||||
5.00% due 7/15/2052 |
250,000 | 227,925 | ||||||
Willis North America, Inc. |
||||||||
2.95% due 9/15/2029 |
700,000 | 575,883 | ||||||
|
|
|||||||
4,219,234 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Machinery-Diversified 1.0% |
||||||||
John Deere Capital Corp. |
||||||||
4.35% due 9/15/2032 |
$ | 2,500,000 | $ | 2,376,875 | ||||
|
|
|||||||
2,376,875 | ||||||||
|
|
|||||||
Media 0.9% |
||||||||
Audacy Capital Corp. |
||||||||
6.75% due 3/31/2029(2) |
1,500,000 | 365,265 | ||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
400,000 | 313,084 | ||||||
3.90% due 6/1/2052 |
500,000 | 311,965 | ||||||
Comcast Corp. |
||||||||
1.95% due 1/15/2031 |
800,000 | 621,696 | ||||||
2.887% due 11/1/2051 |
200,000 | 124,924 | ||||||
TEGNA, Inc. |
||||||||
5.00% due 9/15/2029 |
500,000 | 461,490 | ||||||
|
|
|||||||
2,198,424 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing 1.9% |
||||||||
Parker-Hannifin Corp. |
||||||||
4.25% due 9/15/2027 |
4,100,000 | 3,904,922 | ||||||
4.50% due 9/15/2029 |
600,000 | 567,912 | ||||||
|
|
|||||||
4,472,834 | ||||||||
|
|
|||||||
Oil & Gas 2.7% |
||||||||
Antero Resources Corp. |
||||||||
7.625% due 2/1/2029(2) |
610,000 | 610,067 | ||||||
BP Capital Markets America, Inc. |
||||||||
3.001% due 3/17/2052 |
400,000 | 258,756 | ||||||
3.633% due 4/6/2030 |
1,300,000 | 1,169,402 | ||||||
Cenovus Energy, Inc. |
||||||||
2.65% due 1/15/2032 |
500,000 | 386,405 | ||||||
3.75% due 2/15/2052 |
300,000 | 203,292 | ||||||
CITGO Petroleum Corp. |
||||||||
7.00% due 6/15/2025(2) |
250,000 | 238,805 | ||||||
Hess Corp. |
||||||||
4.30% due 4/1/2027 |
2,400,000 | 2,254,776 | ||||||
Marathon Oil Corp. |
||||||||
4.40% due 7/15/2027 |
1,200,000 | 1,120,896 | ||||||
PBF Holding Co. LLC / PBF Finance Corp. |
||||||||
6.00% due 2/15/2028 |
250,000 | 215,770 | ||||||
|
|
|||||||
6,458,169 | ||||||||
|
|
|||||||
Oil & Gas Services 0.3% |
||||||||
TechnipFMC PLC |
||||||||
6.50% due 2/1/2026(2) |
700,000 | 671,804 | ||||||
|
|
|||||||
671,804 | ||||||||
|
|
|||||||
Pharmaceuticals 1.0% |
||||||||
AbbVie, Inc. |
||||||||
4.25% due 11/21/2049 |
850,000 | 682,057 | ||||||
Bristol Myers Squibb Co. |
||||||||
2.95% due 3/15/2032 |
2,100,000 | 1,802,703 | ||||||
|
|
|||||||
2,484,760 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Pipelines 0.8% |
||||||||
Kinder Morgan, Inc. |
||||||||
4.80% due 2/1/2033 |
$ | 1,250,000 | $ | 1,121,538 | ||||
ONEOK, Inc. |
| |||||||
6.35% due 1/15/2031 |
850,000 | 834,037 | ||||||
|
|
|||||||
1,955,575 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 1.8% |
||||||||
American Tower Corp. |
||||||||
3.65% due 3/15/2027 |
500,000 | 458,265 | ||||||
Essex Portfolio LP |
||||||||
1.70% due 3/1/2028 |
1,000,000 | 811,030 | ||||||
Kimco Realty Corp. |
||||||||
4.60% due 2/1/2033 |
600,000 | 542,538 | ||||||
Mid-America Apartments LP |
||||||||
3.95% due 3/15/2029 |
1,100,000 | 1,001,726 | ||||||
Prologis LP |
||||||||
2.25% due 4/15/2030 |
800,000 | 653,744 | ||||||
Simon Property Group LP |
||||||||
2.20% due 2/1/2031 |
1,000,000 | 767,930 | ||||||
|
|
|||||||
4,235,233 | ||||||||
|
|
|||||||
Retail 0.3% |
||||||||
OReilly Automotive, Inc. |
||||||||
4.70% due 6/15/2032 |
700,000 | 656,068 | ||||||
|
|
|||||||
656,068 | ||||||||
|
|
|||||||
Semiconductors 0.5% |
||||||||
Broadcom, Inc. |
||||||||
4.15% due 4/15/2032(2) |
900,000 | 757,242 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. |
||||||||
2.65% due 2/15/2032 |
500,000 | 373,930 | ||||||
|
|
|||||||
1,131,172 | ||||||||
|
|
|||||||
Software 0.3% |
||||||||
Microsoft Corp. |
||||||||
3.50% due 2/12/2035 |
700,000 | 629,664 | ||||||
|
|
|||||||
629,664 | ||||||||
|
|
|||||||
Telecommunications 1.7% |
||||||||
AT&T, Inc. |
||||||||
2.55% due 12/1/2033 |
800,000 | 595,336 | ||||||
3.50% due 9/15/2053 |
300,000 | 199,887 | ||||||
T-Mobile USA, Inc. |
||||||||
2.70% due 3/15/2032 |
950,000 | 743,593 | ||||||
3.40% due 10/15/2052 |
200,000 | 132,168 | ||||||
3.50% due 4/15/2031 |
500,000 | 421,960 | ||||||
Verizon Communications, Inc. |
||||||||
2.355% due 3/15/2032 |
1,400,000 | 1,076,614 | ||||||
Vodafone Group PLC |
||||||||
4.375% due 5/30/2028 |
500,000 | 471,170 | ||||||
4.875% due 6/19/2049 |
600,000 | 473,454 | ||||||
|
|
|||||||
4,114,182 | ||||||||
|
|
|||||||
Transportation 0.7% |
||||||||
Kansas City Southern |
||||||||
2.875% due 11/15/2029 |
1,900,000 | 1,618,287 | ||||||
|
|
|||||||
1,618,287 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
69,777,815 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Non-Agency Mortgage-Backed Securities 6.9% |
||||||||
BANK |
||||||||
2019-BN24 AS |
||||||||
3.283% due 11/15/2062(3)(4) |
$ | 1,412,000 | $ | 1,182,507 | ||||
2022-BNK43 AS |
| |||||||
4.83% due 8/15/2055(3)(4) |
900,000 | 828,572 | ||||||
2022-BNK43 B |
||||||||
5.328% due 8/15/2055(3)(4) |
500,000 | 471,054 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(2) |
1,200,000 | 1,123,668 | ||||||
Bear Stearns Asset-Backed Securities Trust |
||||||||
2005-SD1 1M4 |
||||||||
5.109% due 8/25/2043(3)(4) |
578,459 | 581,264 | ||||||
Benchmark Mortgage Trust |
||||||||
2019-B12 AS |
||||||||
3.419% due 8/15/2052 |
4,500,000 | 3,871,293 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2016-C3 AS |
||||||||
3.366% due 11/15/2049(3)(4) |
1,000,000 | 898,592 | ||||||
Commercial Mortgage Trust |
||||||||
2014-CR18 AM |
||||||||
4.103% due 7/15/2047 |
1,455,000 | 1,403,571 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2022-DNA1 M1A |
||||||||
3.281% due 1/25/2042(2)(3)(4) |
728,246 | 707,144 | ||||||
Jackson Park Trust |
||||||||
2019-LIC B |
||||||||
2.914% due 10/14/2039(2) |
640,000 | 528,632 | ||||||
Morgan Stanley Capital I Trust |
||||||||
2020-L4 AS |
||||||||
2.88% due 2/15/2053 |
1,000,000 | 811,662 | ||||||
NYC Commercial Mortgage Trust |
||||||||
2021-909 C |
||||||||
3.312% due 4/10/2043(2)(3)(4) |
385,000 | 291,115 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK B |
||||||||
3.768% due 3/15/2036(2)(3)(4) |
500,000 | 475,358 | ||||||
SLG Office Trust |
||||||||
2021-OVA A |
||||||||
2.585% due 7/15/2041(2) |
1,600,000 | 1,285,526 | ||||||
Stack Infrastructure Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.877% due 3/26/2046(2) |
750,000 | 647,448 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,500,000 | 1,459,787 | ||||||
|
|
|||||||
Total Non-Agency Mortgage-Backed Securities |
|
16,567,193 | ||||||
|
|
|||||||
U.S. Government Securities 26.5% |
||||||||
U.S. Treasury Note |
||||||||
1.25% due 5/31/2028 |
1,900,000 | 1,630,883 | ||||||
1.50% due 9/30/2024 |
3,000,000 | 2,843,203 | ||||||
1.625% due 8/15/2029 |
100,000 | 86,234 | ||||||
1.625% due 5/15/2031 |
2,400,000 | 2,014,875 | ||||||
1.875% due 2/15/2032 |
14,530,000 | 12,318,716 | ||||||
2.50% due 4/30/2024 |
30,300,000 | 29,452,547 | ||||||
2.75% due 4/30/2027 |
8,000,000 | 7,550,625 | ||||||
2.75% due 7/31/2027 |
850,000 | 800,461 | ||||||
3.00% due 6/30/2024 |
6,500,000 | 6,357,812 | ||||||
|
|
|||||||
Total U.S. Government Securities |
|
63,055,356 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 0.0% |
| |||||||
Media 0.0% |
| |||||||
Altice USA, Inc., Class A(5) |
10,940 | $ | 63,780 | |||||
|
|
|||||||
Total Common Stocks |
|
63,780 | ||||||
|
|
|||||||
Exchange-Traded Funds 4.7% |
||||||||
Vanguard Short-Term Inflation-Protected Securities ETF |
235,000 | 11,305,850 | ||||||
|
|
|||||||
Total Exchange-Traded Funds |
|
11,305,850 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Short-Term Investments 3.1% |
||||||||
Repurchase Agreements 3.1% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 7,310,483 | 7,310,483 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
7,310,483 | ||||||
|
|
|||||||
Total Investments 98.2% |
|
233,954,076 | ||||||
|
|
|||||||
Assets in excess of other liabilities(7) 1.8% |
|
4,342,875 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 238,296,951 | |||||
|
|
(1) | TBA - To be announced. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $35,622,843, representing 14.9% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(4) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(5) | Nonincomeproducing security. |
(6) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 7,786,400 | $ | 7,456,693 |
(7) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts and centrally cleared swap contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 83 | Long | $ | 9,107,384 | $ | 8,923,149 | $ | (184,235 | ) | ||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 6 | Long | 670,707 | 672,375 | 1,668 | ||||||||||||||||
U.S. Long Bond |
December 2022 | 198 | Long | 26,976,855 | 25,028,438 | (1,948,417 | ) | |||||||||||||||
U.S. Ultra Long Bond |
December 2022 | 140 | Long | 20,694,550 | 19,180,000 | (1,514,550 | ) | |||||||||||||||
|
|
|
|
|
|
|||||||||||||||||
Total |
$ | 57,449,496 | $ | 53,803,962 | $ | (3,645,534 | ) | |||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 82 | Short | $ | (16,845,607 | ) | $ | (16,842,031 | ) | $ | 3,576 | |||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 151 | Short | (18,808,854 | ) | (17,891,141 | ) | 917,713 | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||||
Total |
$ | (35,654,461 | ) | $ | (34,733,172 | ) | $ | 921,289 | ||||||||||||||
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
Centrally cleared credit default swap agreements buy protection(8):
Reference Entity |
Implied Credit Spread at 9/30/22(9) |
Notional Amount(10) | Maturity | (Pay)/Receive Fixed Rate |
Periodic Payment Frequency |
Upfront Payments |
Value | Unrealized Depreciation |
||||||||||||||||||||||||
CDX.NA.HY.S39 |
6.10 | % | USD | 38,050,000 | 12/20/2027 | (5.00 | )% | Quarterly | $ | 1,804,282 | $ | 1,561,547 | $ | (242,735 | ) |
(8) | When a credit event occurs as defined under the terms of the swap agreement, the Fund as a buyer of credit protection will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced obligation or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation. |
(9) | Implied credit spread, represented in absolute terms, utilized in determining the value of the credit default swap agreements as of period end will serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a referenced entity reflects the cost of buying/selling protection and may include payments required to be made to enter into the agreement. Generally, wider credit spreads represent a perceived deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap agreement. |
(10) | The notional amount represents the maximum potential amount the Fund could be required to pay as a buyer of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the CDX North America High Yield Index. |
Legend:
CLO Collateralized Loan Obligation
H15T1Y 1-year Constant Maturity Treasury Rate
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
USD United States Dollar
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency Mortgage-Backed Securities |
$ | | $ | 28,722,783 | $ | | $ | 28,722,783 | ||||||||
Asset-Backed Securities |
| 37,150,816 | | 37,150,816 | ||||||||||||
Corporate Bonds & Notes |
| 69,777,815 | | 69,777,815 | ||||||||||||
Non-Agency Mortgage-Backed Securities |
| 16,567,193 | | 16,567,193 | ||||||||||||
U.S. Government Securities |
| 63,055,356 | | 63,055,356 | ||||||||||||
Common Stocks |
63,780 | | | 63,780 | ||||||||||||
Exchange-Traded Funds |
11,305,850 | | | 11,305,850 | ||||||||||||
Repurchase Agreements |
| 7,310,483 | | 7,310,483 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 11,369,630 | $ | 222,584,446 | $ | | $ | 233,954,076 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
|
|||||||||||||||
Assets |
$ | 922,957 | $ | | $ | | $ | 922,957 | ||||||||
Liabilities |
(3,647,202 | ) | | | (3,647,202 | ) | ||||||||||
Swap Contracts |
|
|||||||||||||||
Liabilities |
| (242,735 | ) | | (242,735 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (2,724,245 | ) | $ | (242,735 | ) | $ | | $ | (2,966,980 | ) | |||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 11.0% |
| |||||||
Federal Home Loan Mortgage Corp. |
||||||||
3.00% due 3/1/2052 |
$ | 2,209,807 | $ | 1,922,383 | ||||
3.50% due 6/1/2052 |
3,912,467 | 3,520,578 | ||||||
4.00% due 10/1/2037 |
500,000 | 482,795 | ||||||
4.00% due 6/1/2052 |
732,815 | 679,666 | ||||||
Federal National Mortgage Association |
||||||||
3.00% due 5/1/2052 |
4,803,739 | 4,177,752 | ||||||
3.00% due 5/1/2052 |
4,898,317 | 4,260,005 | ||||||
3.50% due 5/1/2052 |
4,674,552 | 4,207,074 | ||||||
3.50% due 6/1/2052 |
4,513,088 | 4,060,881 | ||||||
4.00% due 6/1/2052 |
3,501,163 | 3,247,197 | ||||||
Freddie Mac Multifamily Structured Pass-Through Certificates |
||||||||
K073 A2 |
||||||||
3.35% due 1/25/2028 |
1,325,000 | 1,248,846 | ||||||
K103 A2 |
||||||||
2.651% due 11/25/2029 |
1,573,000 | 1,398,058 | ||||||
Uniform Mortgage-Backed Security |
||||||||
4.50% due 10/13/2052(1) |
500,000 | 475,773 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
29,681,008 | |||||||
|
|
|||||||
AssetBacked Securities 17.0% |
||||||||
American Express Credit Account Master Trust |
||||||||
2017-7 B |
||||||||
2.54% due 5/15/2025 |
2,306,000 | 2,303,979 | ||||||
American Tower Trust I |
||||||||
13 2A |
||||||||
3.07% due 3/15/2048(2) |
1,500,000 | 1,489,590 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
2019-3 B |
||||||||
2.13% due 7/18/2025 |
683,574 | 682,133 | ||||||
Ares XXXIIR CLO Ltd. |
||||||||
2014-32RA B |
||||||||
4.705% (LIBOR 3 Month + 1.80%) due 5/15/2030(2)(3) |
1,200,000 | 1,094,520 | ||||||
Ares XXXIV CLO Ltd. |
||||||||
2015-2A BR2 |
||||||||
4.34% (LIBOR 3 Month + 1.60%) due 4/17/2033(2)(3) |
450,000 | 423,585 | ||||||
Battalion CLO XX Ltd. |
||||||||
2021-20A D |
||||||||
5.612% (LIBOR 3 Month + 3.10%) due 7/15/2034(2)(3) |
2,000,000 | 1,649,400 | ||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
4.46% (LIBOR 3 Month + 1.75%) due 10/20/2030(2)(3) |
800,000 | 753,188 | ||||||
Capital One Prime Auto Receivables Trust |
||||||||
2022-2 A2A |
||||||||
3.74% due 9/15/2025 |
1,500,000 | 1,490,984 | ||||||
Carlyle U.S. CLO Ltd. |
||||||||
2017-3A BR |
||||||||
4.71% (LIBOR 3 Month + 2.00%) due 7/20/2029(2)(3) |
3,000,000 | 2,743,287 | ||||||
CarMax Auto Owner Trust |
||||||||
2020-4 B |
||||||||
0.85% due 6/15/2026 |
1,400,000 | 1,287,552 | ||||||
CIFC Funding Ltd. |
||||||||
2013-4A BRR |
||||||||
4.369% (LIBOR 3 Month + 1.60%) due 4/27/2031(2)(3) |
800,000 | 760,320 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
DB Master Finance LLC |
||||||||
2021-1A A2II |
||||||||
2.493% due 11/20/2051(2) |
$ | 1,042,125 | $ | 848,541 | ||||
Dell Equipment Finance Trust |
||||||||
2020-2 A3 |
||||||||
0.57% due 10/23/2023(2) |
950,538 | 938,525 | ||||||
Elmwood CLO IX Ltd. |
||||||||
2021-2A C |
||||||||
4.61% (LIBOR 3 Month + 1.90%) due 7/20/2034(2)(3) |
3,000,000 | 2,708,088 | ||||||
Ford Credit Auto Owner Trust |
||||||||
2020-1 A |
||||||||
2.04% due 8/15/2031(2) |
1,100,000 | 1,023,402 | ||||||
Ford Credit Floorplan Master Owner Trust |
||||||||
2020-2 A |
||||||||
1.06% due 9/15/2027 |
1,500,000 | 1,343,549 | ||||||
GLS Auto Receivables Issuer Trust |
||||||||
2019-4A B |
||||||||
2.78% due 9/16/2024(2) |
444,798 | 444,433 | ||||||
GM Financial Consumer Automobile Receivables Trust |
||||||||
2020-A A3 |
||||||||
0.38% due 8/18/2025 |
1,192,913 | 1,164,138 | ||||||
Golden Credit Card Trust |
||||||||
2018-4A A |
||||||||
3.44% due 8/15/2025(2) |
1,590,000 | 1,578,108 | ||||||
ICG U.S. CLO Ltd. |
||||||||
2018-2A B |
||||||||
4.509% (LIBOR 3 Month + 1.75%) due 7/22/2031(2)(3) |
1,300,000 | 1,226,945 | ||||||
Master Credit Card Trust |
||||||||
2021-1A A |
||||||||
0.53% due 11/21/2025(2) |
1,590,000 | 1,477,670 | ||||||
Neuberger Berman CLO XVI-S Ltd. |
||||||||
2017-16SA BR |
||||||||
3.912% (LIBOR 3 Month + 1.40%) due 4/15/2034(2)(3) |
1,000,000 | 936,781 | ||||||
Neuberger Berman CLO XVII Ltd. |
||||||||
2014-17A BR2 |
||||||||
4.259% (LIBOR 3 Month + 1.50%) due 4/22/2029(2)(3) |
1,100,000 | 1,045,550 | ||||||
Octagon Investment Partners 50 Ltd. |
||||||||
2020-4A DR |
||||||||
5.662% (LIBOR 3 Month + 3.15%) due 1/15/2035(2)(3) |
1,100,000 | 954,121 | ||||||
Octagon Loan Funding Ltd. |
||||||||
2014-1A CRR |
||||||||
5.161% (LIBOR 3 Month + 2.20%) due 11/18/2031(2)(3) |
3,200,000 | 2,939,520 | ||||||
OHA Credit Funding 3 Ltd. |
||||||||
2019-3A CR |
||||||||
4.66% (LIBOR 3 Month + 1.95%) due 7/2/2035(2)(3) |
3,000,000 | 2,710,743 | ||||||
Oscar U.S. Funding XIV LLC |
||||||||
2022-1A A2 |
||||||||
1.60% due 3/10/2025(2) |
1,184,720 | 1,160,281 | ||||||
Riserva CLO Ltd. |
||||||||
2016-3A CRR |
||||||||
4.54% (LIBOR 3 Month + 1.80%) due 1/18/2034(2)(3) |
3,000,000 | 2,676,300 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Santander Drive Auto Receivables Trust |
||||||||
2021-1 B |
||||||||
0.50% due 4/15/2025 |
$ | 356,132 | $ | 355,662 | ||||
Synchrony Card Funding LLC |
||||||||
2022-A1 A |
||||||||
3.37% due 4/15/2028 |
1,190,000 | 1,153,190 | ||||||
Toyota Auto Receivables Owner Trust |
||||||||
2019-C A4 |
||||||||
1.88% due 11/15/2024 |
700,000 | 692,463 | ||||||
Verizon Master Trust |
||||||||
2022-5 A1A |
||||||||
3.72% due 7/20/2027(3) |
1,350,000 | 1,333,898 | ||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
4.49% (LIBOR 3 Month + 1.75%) due 10/18/2031(2)(3) |
955,000 | 903,144 | ||||||
World Omni Auto Receivables Trust |
||||||||
2022-C A2 |
||||||||
3.73% due 3/16/2026 |
1,600,000 | 1,584,475 | ||||||
|
|
|||||||
Total AssetBacked Securities |
45,878,065 | |||||||
|
|
|||||||
Corporate Bonds & Notes 28.0% |
||||||||
Aerospace & Defense 0.4% |
||||||||
Boeing Co. |
||||||||
5.15% due 5/1/2030 |
750,000 | 694,492 | ||||||
5.805% due 5/1/2050 |
100,000 | 87,020 | ||||||
Northrop Grumman Corp. |
||||||||
5.25% due 5/1/2050 |
350,000 | 334,933 | ||||||
|
|
|||||||
1,116,445 | ||||||||
|
|
|||||||
Agriculture 0.7% |
||||||||
Cargill, Inc. |
||||||||
2.125% due 11/10/2031(2) |
2,300,000 | 1,791,769 | ||||||
|
|
|||||||
1,791,769 | ||||||||
|
|
|||||||
Apparel 0.2% |
||||||||
NIKE, Inc. |
||||||||
2.85% due 3/27/2030 |
750,000 | 652,703 | ||||||
|
|
|||||||
652,703 | ||||||||
|
|
|||||||
Beverages 0.7% |
||||||||
Anheuser-Busch InBev Worldwide, Inc. |
||||||||
3.50% due 6/1/2030 |
750,000 | 669,180 | ||||||
PepsiCo, Inc. |
||||||||
1.95% due 10/21/2031 |
1,400,000 | 1,114,218 | ||||||
|
|
|||||||
1,783,398 | ||||||||
|
|
|||||||
Building Materials 0.3% |
||||||||
Cornerstone Building Brands, Inc. |
||||||||
6.125% due 1/15/2029(2) |
1,500,000 | 846,165 | ||||||
|
|
|||||||
846,165 | ||||||||
|
|
|||||||
Commercial Banks 5.3% |
||||||||
Bank of America Corp. |
||||||||
4.271% (4.271% fixed rate until 7/23/2028; LIBOR 3 Month + 1.31% thereafter) due 7/23/2029(3) |
3,900,000 | 3,558,009 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Commercial Banks (continued) |
| |||||||
Credit Suisse Group AG |
||||||||
4.207% (4.207% fixed rate until 6/12/2023; LIBOR 3 Month + 1.24% thereafter) due 6/12/2024(2)(3) |
$ | 800,000 | $ | 783,488 | ||||
Goldman Sachs Group, Inc. |
||||||||
4.223% (4.223% fixed rate until 5/1/2028; LIBOR 3 Month + 1.30% thereafter) due 5/1/2029(3) |
1,200,000 | 1,092,756 | ||||||
4.387% (4.387% fixed rate until 6/15/2026; SOFR + 1.51% thereafter) due 6/15/2027(3) |
600,000 | 571,512 | ||||||
Huntington National Bank |
||||||||
4.552% (4.552% fixed rate until 5/17/2027; SOFR + 1.65% thereafter) due 5/17/2028(3) |
1,400,000 | 1,347,010 | ||||||
JPMorgan Chase & Co. |
||||||||
4.203% (4.203% fixed rate until 7/23/2028; LIBOR 3 Month + 1.26% thereafter) due 7/23/2029(3) |
3,200,000 | 2,910,848 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
||||||||
5.354% (5.354% fixed rate until 9/13/2027; H15T1Y + 1.90% thereafter) due 9/13/2028(3) |
300,000 | 292,458 | ||||||
Morgan Stanley |
||||||||
3.772% (3.772% fixed rate until 1/24/2028; LIBOR 3 Month + 1.14% thereafter) due 1/24/2029(3) |
3,200,000 | 2,883,616 | ||||||
UBS Group AG |
||||||||
4.751% (4.751% fixed rate until 5/12/2027; H15T1Y + 1.75% thereafter) due 5/12/2028(2)(3) |
1,000,000 | 938,620 | ||||||
|
|
|||||||
14,378,317 | ||||||||
|
|
|||||||
Computers 0.3% |
||||||||
Apple, Inc. |
||||||||
2.65% due 2/8/2051 |
400,000 | 262,472 | ||||||
2.90% due 9/12/2027 |
600,000 | 553,608 | ||||||
|
|
|||||||
816,080 | ||||||||
|
|
|||||||
Cosmetics & Personal Care 0.7% |
||||||||
Estee Lauder Cos., Inc. |
||||||||
2.60% due 4/15/2030 |
1,150,000 | 975,626 | ||||||
GSK Consumer Healthcare Capital U.S. LLC |
||||||||
3.625% due 3/24/2032(2) |
1,200,000 | 1,016,448 | ||||||
|
|
|||||||
1,992,074 | ||||||||
|
|
|||||||
Diversified Financial Services 0.6% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
2.45% due 10/29/2026 |
1,100,000 | 929,995 | ||||||
3.00% due 10/29/2028 |
250,000 | 201,555 | ||||||
Capital One Financial Corp. |
||||||||
4.927% (4.927% fixed rate until 5/10/2027; SOFR + 2.06% thereafter) due 5/10/2028(3) |
600,000 | 571,116 | ||||||
|
|
|||||||
1,702,666 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Electric 1.2% |
||||||||
Alabama Power Co. |
||||||||
3.94% due 9/1/2032 |
$ | 550,000 | $ | 495,754 | ||||
Consumers Energy Co. |
||||||||
3.60% due 8/15/2032 |
400,000 | 357,468 | ||||||
4.20% due 9/1/2052 |
400,000 | 332,484 | ||||||
Duke Energy Corp. |
||||||||
3.50% due 6/15/2051 |
950,000 | 640,746 | ||||||
NextEra Energy Capital Holdings, Inc. |
||||||||
5.00% due 7/15/2032 |
500,000 | 477,945 | ||||||
Tampa Electric Co. |
||||||||
5.00% due 7/15/2052 |
800,000 | 731,176 | ||||||
Wisconsin Public Service Corp. |
||||||||
2.85% due 12/1/2051 |
500,000 | 322,760 | ||||||
|
|
|||||||
3,358,333 | ||||||||
|
|
|||||||
Electronics 0.4% |
||||||||
Honeywell International, Inc. |
||||||||
1.75% due 9/1/2031 |
1,400,000 | 1,093,232 | ||||||
|
|
|||||||
1,093,232 | ||||||||
|
|
|||||||
Entertainment 0.4% |
||||||||
Affinity Gaming |
||||||||
6.875% due 12/15/2027(2) |
500,000 | 407,320 | ||||||
Warnermedia Holdings, Inc. |
||||||||
4.279% due 3/15/2032(2) |
750,000 | 617,520 | ||||||
|
|
|||||||
1,024,840 | ||||||||
|
|
|||||||
Environmental Control 0.6% |
||||||||
Waste Management, Inc. |
||||||||
1.50% due 3/15/2031 |
2,050,000 | 1,555,848 | ||||||
|
|
|||||||
1,555,848 | ||||||||
|
|
|||||||
Food 0.6% |
||||||||
Kraft Heinz Foods Co. |
||||||||
3.75% due 4/1/2030 |
900,000 | 793,287 | ||||||
Kroger Co. |
||||||||
1.70% due 1/15/2031 |
1,150,000 | 864,490 | ||||||
|
|
|||||||
1,657,777 | ||||||||
|
|
|||||||
Healthcare-Products 0.5% |
||||||||
Abbott Laboratories |
||||||||
4.75% due 11/30/2036 |
1,400,000 | 1,367,590 | ||||||
|
|
|||||||
1,367,590 | ||||||||
|
|
|||||||
Healthcare-Services 0.2% |
||||||||
UnitedHealth Group, Inc. |
||||||||
4.20% due 5/15/2032 |
600,000 | 557,862 | ||||||
|
|
|||||||
557,862 | ||||||||
|
|
|||||||
Insurance 2.0% |
||||||||
Athene Holding Ltd. |
||||||||
3.50% due 1/15/2031 |
950,000 | 760,361 | ||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
1,600,000 | 1,208,432 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Insurance (continued) |
| |||||||
CNA Financial Corp. |
||||||||
2.05% due 8/15/2030 |
$ | 1,305,000 | $ | 998,064 | ||||
Hartford Financial Services Group, Inc. |
||||||||
2.80% due 8/19/2029 |
1,200,000 | 1,012,608 | ||||||
MetLife, Inc. |
||||||||
4.55% due 3/23/2030 |
500,000 | 479,300 | ||||||
5.00% due 7/15/2052 |
250,000 | 227,925 | ||||||
Willis North America, Inc. |
||||||||
2.95% due 9/15/2029 |
770,000 | 633,471 | ||||||
|
|
|||||||
5,320,161 | ||||||||
|
|
|||||||
Internet 0.4% |
||||||||
Amazon.com, Inc. |
||||||||
1.65% due 5/12/2028 |
1,200,000 | 1,019,724 | ||||||
|
|
|||||||
1,019,724 | ||||||||
|
|
|||||||
Machinery-Construction & Mining 0.2% |
||||||||
Caterpillar, Inc. |
||||||||
2.60% due 4/9/2030 |
500,000 | 426,645 | ||||||
|
|
|||||||
426,645 | ||||||||
|
|
|||||||
Machinery-Diversified 1.0% |
||||||||
John Deere Capital Corp. |
||||||||
4.35% due 9/15/2032 |
2,800,000 | 2,662,100 | ||||||
|
|
|||||||
2,662,100 | ||||||||
|
|
|||||||
Media 0.6% |
||||||||
Audacy Capital Corp. |
||||||||
6.75% due 3/31/2029(2) |
500,000 | 121,755 | ||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
500,000 | 391,355 | ||||||
3.90% due 6/1/2052 |
500,000 | 311,965 | ||||||
Comcast Corp. |
||||||||
1.95% due 1/15/2031 |
800,000 | 621,696 | ||||||
2.887% due 11/1/2051 |
200,000 | 124,924 | ||||||
|
|
|||||||
1,571,695 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing 1.2% |
||||||||
Parker-Hannifin Corp. |
||||||||
4.25% due 9/15/2027 |
2,800,000 | 2,666,776 | ||||||
4.50% due 9/15/2029 |
600,000 | 567,912 | ||||||
|
|
|||||||
3,234,688 | ||||||||
|
|
|||||||
Oil & Gas 2.0% |
||||||||
BP Capital Markets America, Inc. |
||||||||
3.06% due 6/17/2041 |
450,000 | 321,826 | ||||||
3.633% due 4/6/2030 |
700,000 | 629,678 | ||||||
Cenovus Energy, Inc. |
||||||||
2.65% due 1/15/2032 |
400,000 | 309,124 | ||||||
3.75% due 2/15/2052 |
400,000 | 271,056 | ||||||
CITGO Petroleum Corp. |
||||||||
7.00% due 6/15/2025(2) |
250,000 | 238,805 | ||||||
Hess Corp. |
||||||||
4.30% due 4/1/2027 |
2,300,000 | 2,160,827 | ||||||
Marathon Oil Corp. |
||||||||
4.40% due 7/15/2027 |
1,250,000 | 1,167,600 | ||||||
PBF Holding Co. LLC / PBF Finance Corp. |
||||||||
6.00% due 2/15/2028 |
250,000 | 215,770 | ||||||
|
|
|||||||
5,314,686 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Oil & Gas Services 0.1% |
| |||||||
TechnipFMC PLC |
||||||||
6.50% due 2/1/2026(2) |
$ | 300,000 | $ | 287,916 | ||||
|
|
|||||||
287,916 | ||||||||
|
|
|||||||
Pharmaceuticals 1.7% |
||||||||
AbbVie, Inc. |
||||||||
4.25% due 11/21/2049 |
900,000 | 722,178 | ||||||
Bristol Myers Squibb Co. |
||||||||
2.95% due 3/15/2032 |
2,100,000 | 1,802,703 | ||||||
3.70% due 3/15/2052 |
300,000 | 230,298 | ||||||
Pfizer, Inc. |
||||||||
1.75% due 8/18/2031 |
750,000 | 586,357 | ||||||
3.45% due 3/15/2029 |
1,300,000 | 1,197,508 | ||||||
|
|
|||||||
4,539,044 | ||||||||
|
|
|||||||
Pipelines 0.7% |
||||||||
Kinder Morgan, Inc. |
||||||||
4.80% due 2/1/2033 |
1,350,000 | 1,211,260 | ||||||
ONEOK, Inc. |
||||||||
6.35% due 1/15/2031 |
850,000 | 834,037 | ||||||
|
|
|||||||
2,045,297 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 1.6% |
||||||||
American Tower Corp. |
||||||||
3.65% due 3/15/2027 |
500,000 | 458,265 | ||||||
Essex Portfolio LP |
||||||||
1.70% due 3/1/2028 |
900,000 | 729,927 | ||||||
Kimco Realty Corp. |
||||||||
4.60% due 2/1/2033 |
1,000,000 | 904,230 | ||||||
Mid-America Apartments LP |
||||||||
3.95% due 3/15/2029 |
800,000 | 728,528 | ||||||
Prologis LP |
||||||||
2.25% due 4/15/2030 |
700,000 | 572,026 | ||||||
Simon Property Group LP |
||||||||
2.20% due 2/1/2031 |
1,300,000 | 998,309 | ||||||
|
|
|||||||
4,391,285 | ||||||||
|
|
|||||||
Retail 0.7% |
||||||||
AutoZone, Inc. |
||||||||
3.75% due 6/1/2027 |
1,000,000 | 938,400 | ||||||
OReilly Automotive, Inc. |
||||||||
4.70% due 6/15/2032 |
900,000 | 843,516 | ||||||
|
|
|||||||
1,781,916 | ||||||||
|
|
|||||||
Semiconductors 0.4% |
||||||||
Broadcom, Inc. |
||||||||
4.15% due 4/15/2032(2) |
950,000 | 799,311 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. |
||||||||
2.65% due 2/15/2032 |
250,000 | 186,965 | ||||||
|
|
|||||||
986,276 | ||||||||
|
|
|||||||
Software 0.2% |
||||||||
Microsoft Corp. |
||||||||
3.50% due 2/12/2035 |
700,000 | 629,664 | ||||||
|
|
|||||||
629,664 | ||||||||
|
|
|||||||
Telecommunications 1.8% |
||||||||
AT&T, Inc. |
||||||||
2.55% due 12/1/2033 |
800,000 | 595,336 | ||||||
3.50% due 9/15/2053 |
300,000 | 199,887 | ||||||
T-Mobile USA, Inc. |
||||||||
2.70% due 3/15/2032 |
750,000 | 587,048 | ||||||
3.40% due 10/15/2052 |
400,000 | 264,336 | ||||||
3.50% due 4/15/2031 |
500,000 | 421,960 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Telecommunications (continued) |
| |||||||
Verizon Communications, Inc. |
||||||||
2.355% due 3/15/2032 |
$ | 1,550,000 | $ | 1,191,965 | ||||
Vodafone Group PLC |
||||||||
4.375% due 5/30/2028 |
1,200,000 | 1,130,808 | ||||||
4.875% due 6/19/2049 |
500,000 | 394,545 | ||||||
|
|
|||||||
4,785,885 | ||||||||
|
|
|||||||
Transportation 0.3% |
||||||||
Kansas City Southern |
||||||||
3.50% due 5/1/2050 |
300,000 | 209,880 | ||||||
Union Pacific Corp. |
||||||||
2.80% due 2/14/2032 |
900,000 | 749,277 | ||||||
|
|
|||||||
959,157 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
75,651,238 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 9.8% |
||||||||
BANK |
||||||||
2019-BN24 AS |
||||||||
3.283% due 11/15/2062(3)(4) |
1,413,000 | 1,183,345 | ||||||
2022-BNK43 AS |
||||||||
4.83% due 8/15/2055(3)(4) |
1,100,000 | 1,012,700 | ||||||
2022-BNK43 B |
||||||||
5.328% due 8/15/2055(3)(4) |
500,000 | 471,054 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(2) |
2,500,000 | 2,340,975 | ||||||
Bear Stearns Asset-Backed Securities Trust |
||||||||
2005-SD1 1M4 |
||||||||
5.109% due 8/25/2043(3)(4) |
578,967 | 581,775 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2014-GC21 A5 |
||||||||
3.855% due 5/10/2047 |
1,330,000 | 1,302,370 | ||||||
2016-C3 AS |
||||||||
3.366% due 11/15/2049(3)(4) |
1,125,000 | 1,010,916 | ||||||
Commercial Mortgage Trust |
||||||||
2013-LC6 AM |
||||||||
3.282% due 1/10/2046 |
2,500,000 | 2,487,902 | ||||||
2014-CR18 AM |
||||||||
4.103% due 7/15/2047 |
1,550,000 | 1,495,213 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2022-DNA1 M1A |
||||||||
3.281% due 1/25/2042(2)(3)(4) |
821,611 | 797,803 | ||||||
Grace Trust |
||||||||
2020-GRCE C |
||||||||
2.769% due 12/10/2040(2)(3)(4) |
1,100,000 | 833,803 | ||||||
GS Mortgage Securities Corp. II |
||||||||
2005-ROCK A |
||||||||
5.366% due 5/3/2032(2) |
1,800,000 | 1,820,597 | ||||||
GS Mortgage Securities Trust |
||||||||
2013-GC16 A4 |
||||||||
4.271% due 11/10/2046 |
750,000 | 742,745 | ||||||
Jackson Park Trust |
||||||||
2019-LIC B |
||||||||
2.914% due 10/14/2039(2) |
680,000 | 561,671 | ||||||
Life Mortgage Trust |
||||||||
2021-BMR C |
||||||||
3.918% due 3/15/2038(2)(3)(4) |
1,474,455 | 1,399,141 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
NonAgency MortgageBacked Securities (continued) |
| |||||||
Morgan Stanley Capital I Trust |
||||||||
2020-L4 AS |
||||||||
2.88% due 2/15/2053 |
$ | 750,000 | $ | 608,746 | ||||
NYC Commercial Mortgage Trust |
||||||||
2021-909 C |
||||||||
3.312% due 4/10/2043(2)(3)(4) |
580,000 | 438,562 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK B |
||||||||
3.768% due 3/15/2036(2)(3)(4) |
500,000 | 475,358 | ||||||
SLG Office Trust |
||||||||
2021-OVA A |
||||||||
2.585% due 7/15/2041(2) |
1,800,000 | 1,446,217 | ||||||
Stack Infrastructure Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.877% due 3/26/2046(2) |
1,250,000 | 1,079,079 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2018-AUS A |
||||||||
4.194% due 8/17/2036(2)(3)(4) |
2,000,000 | 1,844,646 | ||||||
2021-SAVE A |
||||||||
3.968% due 2/15/2040(2)(3)(4) |
1,181,728 | 1,132,144 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,500,000 | 1,459,787 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
26,526,549 | |||||||
|
|
|||||||
U.S. Government Securities 24.4% |
||||||||
U.S. Treasury Bond |
||||||||
2.25% due 8/15/2049 |
5,900,000 | 4,313,453 | ||||||
U.S. Treasury Note |
||||||||
0.25% due 10/31/2025 |
4,500,000 | 3,984,258 | ||||||
0.625% due 5/15/2030 |
700,000 | 551,469 | ||||||
0.875% due 11/15/2030 |
2,200,000 | 1,753,125 | ||||||
1.25% due 5/31/2028 |
1,100,000 | 944,195 | ||||||
1.50% due 9/30/2024 |
4,150,000 | 3,933,098 | ||||||
1.625% due 5/15/2031 |
3,580,000 | 3,005,522 | ||||||
1.875% due 2/15/2032 |
19,570,000 | 16,591,691 | ||||||
2.25% due 3/31/2024 |
2,200,000 | 2,133,656 | ||||||
2.50% due 4/30/2024 |
22,200,000 | 21,579,094 | ||||||
2.75% due 4/30/2027 |
3,300,000 | 3,114,633 | ||||||
2.75% due 7/31/2027 |
650,000 | 612,117 | ||||||
3.00% due 6/30/2024 |
3,300,000 | 3,227,812 | ||||||
|
|
|||||||
Total U.S. Government Securities |
65,744,123 | |||||||
|
|
|||||||
Shares | Value | |||||||
ExchangeTraded Funds 4.8% |
||||||||
Vanguard Short-Term Inflation-Protected Securities ETF |
270,000 | 12,989,700 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
12,989,700 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 3.4% |
||||||||
Repurchase Agreements 3.4% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 9,277,398 | 9,277,398 | |||||
|
|
|||||||
Total Repurchase Agreements |
9,277,398 | |||||||
|
|
|||||||
Total Investments 98.4% |
265,748,081 | |||||||
|
|
|||||||
Assets in excess of other liabilities(6) 1.6% |
|
4,393,930 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 270,142,011 | |||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
(1) | TBA To be announced. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $54,505,155, representing 20.2% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(4) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(5) | The table below presents collateral for repurchase agreements. |
Security |
Coupon |
Maturity Date |
Principal Amount |
Value |
||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 9,881,400 | $ | 9,462,982 |
(6) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts and centrally cleared swap contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration |
Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 149 | Long | $ | 17,408,475 | $ | 16,697,313 | $ | (711,162 | ) | ||||||||||||||
U.S. Long Bond |
December 2022 | 279 | Long | 37,863,985 | 35,267,344 | (2,596,641 | ) | |||||||||||||||||
U.S. Ultra Long Bond |
December 2022 | 112 | Long | 16,547,090 | 15,344,000 | (1,203,090 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 71,819,550 | $ | 67,308,657 | $ | (4,510,893 | ) | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Type |
Expiration |
Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 56 | Short | $ | (11,505,677 | ) | $ | (11,501,875 | ) | $ | 3,802 | |||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 279 | Short | (34,859,920 | ) | (33,057,141 | ) | 1,802,779 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (46,365,597 | ) | $ | (44,559,016 | ) | $ | 1,806,581 | |||||||||||||||
|
|
|
|
|
|
Centrally cleared credit default swap agreements buy protection(7):
Reference Entity |
Implied Credit Spread at 9/30/22(8) |
Notional Amount(9) |
Maturity |
(Pay)/Receive Fixed Rate |
Periodic Payment Frequency |
Upfront Payments |
Value |
Unrealized Depreciation |
||||||||||||||||||||||||||||
CDX.NA.HY.S39 |
6.10 | % | USD | 40,100,000 | 12/20/2027 | (5.00 | )% | Quarterly | $ | 1,894,775 | $ | 1,645,677 | $ | (249,098 | ) |
(7) | When a credit event occurs as defined under the terms of the swap agreement, the Fund as a buyer of credit protection will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced obligation or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation. |
(8) | Implied credit spread, represented in absolute terms, utilized in determining the value of the credit default swap agreements as of period end will serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a referenced entity reflects the cost of buying/selling protection and may include payments required to be made to enter into the agreement. Generally, wider credit spreads represent a perceived deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap agreement. |
(9) | The notional amount represents the maximum potential amount the Fund could be required to pay as a buyer of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the CDX North America High Yield Index. |
Legend:
CLO Collateralized Loan Obligation
H15T1Y 1-year Constant Maturity Treasury Rate
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
USD United States Dollar
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency MortgageBacked Securities |
$ | | $ | 29,681,008 | $ | | $ | 29,681,008 | ||||||||
AssetBacked Securities |
| 45,878,065 | | 45,878,065 | ||||||||||||
Corporate Bonds & Notes |
| 75,651,238 | | 75,651,238 | ||||||||||||
NonAgency MortgageBacked Securities |
| 26,526,549 | | 26,526,549 | ||||||||||||
U.S. Government Securities |
| 65,744,123 | | 65,744,123 | ||||||||||||
ExchangeTraded Funds |
12,989,700 | | | 12,989,700 | ||||||||||||
Repurchase Agreements |
| 9,277,398 | | 9,277,398 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 12,989,700 | $ | 252,758,381 | $ | | $ | 265,748,081 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
|
|||||||||||||||
Assets |
$ | 1,806,581 | $ | | $ | | $ | 1,806,581 | ||||||||
Liabilities |
(4,510,893 | ) | | | (4,510,893 | ) | ||||||||||
Swap Contracts |
|
|||||||||||||||
Liabilities |
| (249,098 | ) | | (249,098 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (2,704,312 | ) | $ | (249,098 | ) | $ | | $ | (2,953,410 | ) | |||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 22.1% |
| |||||||
Fannie Mae ACES |
||||||||
2019-M4 A2 |
||||||||
3.61% due 2/25/2031 |
$ | 7,764,000 | $ | 7,245,300 | ||||
2021-M4 A2 |
||||||||
1.514% due 2/25/2031(1)(2) |
1,000,000 | 788,157 | ||||||
Freddie Mac Multifamily Structured Pass-Through Certificates |
||||||||
K026 A2 |
||||||||
2.51% due 11/25/2022 |
1,784,155 | 1,778,023 | ||||||
K048 A2 |
||||||||
3.284% due 6/25/2025(1)(2) |
2,045,000 | 1,981,890 | ||||||
K053 A2 |
||||||||
2.995% due 12/25/2025 |
2,225,000 | 2,124,494 | ||||||
K058 A2 |
||||||||
2.653% due 8/25/2026 |
1,500,000 | 1,398,575 | ||||||
K082 A2 |
||||||||
3.92% due 9/25/2028(1)(2) |
3,385,000 | 3,272,617 | ||||||
K124 A2 |
||||||||
1.658% due 12/25/2030 |
4,200,000 | 3,370,304 | ||||||
K730 A2 |
||||||||
3.59% due 1/25/2025(1)(2) |
3,878,177 | 3,798,682 | ||||||
Uniform Mortgage-Backed Security |
||||||||
2.00% due 10/18/2037(3) |
2,000,000 | 1,759,922 | ||||||
2.50% due 10/18/2037(3) |
1,100,000 | 995,199 | ||||||
2.50% due 10/13/2052(3) |
7,900,000 | 6,628,384 | ||||||
3.00% due 10/18/2037(3) |
1,200,000 | 1,113,937 | ||||||
3.00% due 10/13/2052(3) |
4,500,000 | 3,909,375 | ||||||
3.50% due 10/13/2052(3) |
3,300,000 | 2,965,746 | ||||||
4.00% due 10/13/2052(3) |
2,900,000 | 2,687,711 | ||||||
4.50% due 10/13/2052(3) |
1,150,000 | 1,094,277 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
46,912,593 | |||||||
|
|
|||||||
AssetBacked Securities 6.1% |
||||||||
AmeriCredit Automobile Receivables Trust |
||||||||
2019-2 C |
||||||||
2.74% due 4/18/2025 |
1,500,000 | 1,482,253 | ||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
4.46% (LIBOR 3 Month + 1.75%) due 10/20/2030(2)(4) |
600,000 | 564,891 | ||||||
Enterprise Fleet Financing LLC |
||||||||
2020-1 A2 |
||||||||
1.78% due 12/22/2025(4) |
441,808 | 438,904 | ||||||
Ford Credit Auto Lease Trust |
||||||||
2021-B A3 |
||||||||
0.37% due 10/15/2024 |
1,600,000 | 1,552,994 | ||||||
Honda Auto Receivables Owner Trust |
||||||||
2021-2 A3 |
||||||||
0.33% due 8/15/2025 |
1,000,000 | 964,673 | ||||||
Hyundai Auto Lease Securitization Trust |
||||||||
2021-A B |
||||||||
0.61% due 10/15/2025(4) |
2,000,000 | 1,940,796 | ||||||
NextGear Floorplan Master Owner Trust |
||||||||
2022-1A A2 |
||||||||
2.80% due 3/15/2027(4) |
1,750,000 | 1,656,791 | ||||||
Nissan Auto Receivables Owner Trust |
||||||||
2019-C A4 |
||||||||
1.95% due 5/15/2026 |
1,600,000 | 1,565,685 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Toyota Lease Owner Trust |
||||||||
2021-A A4 |
||||||||
0.50% due 8/20/2025(4) |
$ | 1,000,000 | $ | 964,472 | ||||
Verizon Owner Trust |
||||||||
2020-A B |
||||||||
1.98% due 7/22/2024 |
1,000,000 | 985,022 | ||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
4.49% (LIBOR 3 Month + 1.75%) due 10/18/2031(2)(4) |
925,000 | 874,772 | ||||||
|
|
|||||||
Total AssetBacked Securities |
12,991,253 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 11.4% |
||||||||
BAMLL Commercial Mortgage Securities Trust |
||||||||
2015-200P A |
||||||||
3.218% due 4/14/2033(4) |
1,450,000 | 1,353,664 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(4) |
1,000,000 | 936,390 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2014-GC21 A5 |
||||||||
3.855% due 5/10/2047 |
1,700,000 | 1,664,683 | ||||||
2019-PRM B |
||||||||
3.644% due 5/10/2036(4) |
1,309,824 | 1,291,119 | ||||||
CityLine Commercial Mortgage Trust |
||||||||
2016-CLNE C |
||||||||
2.871% due 11/10/2031(1)(2)(4) |
1,000,000 | 962,316 | ||||||
Commercial Mortgage Trust |
||||||||
2013-WWP B |
||||||||
3.726% due 3/10/2031(4) |
3,075,000 | 3,071,166 | ||||||
2013-WWP C |
||||||||
3.544% due 3/10/2031(4) |
3,500,000 | 3,494,632 | ||||||
2013-WWP D |
||||||||
3.898% due 3/10/2031(4) |
1,767,000 | 1,764,405 | ||||||
2014-UBS3 A4 |
||||||||
3.819% due 6/10/2047 |
1,550,000 | 1,514,259 | ||||||
2015-CR23 A4 |
||||||||
3.497% due 5/10/2048 |
2,500,000 | 2,387,552 | ||||||
GS Mortgage Securities Corp. II |
||||||||
2005-ROCK A |
||||||||
5.366% due 5/3/2032(4) |
1,700,000 | 1,719,453 | ||||||
GS Mortgage Securities Trust |
||||||||
2013-GC16 A4 |
||||||||
4.271% due 11/10/2046 |
1,410,000 | 1,396,360 | ||||||
Hudson Yards Mortgage Trust |
||||||||
2016-10HY A |
||||||||
2.835% due 8/10/2038(4) |
600,000 | 537,568 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK A |
||||||||
3.518% due 3/15/2036(1)(2)(4) |
500,000 | 479,528 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2021-SAVE A |
||||||||
3.968% due 2/15/2040(1)(2)(4) |
636,315 | 609,616 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,000,000 | 973,191 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
24,155,902 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
U.S. Government Agencies 9.9% |
| |||||||
Federal Farm Credit Banks Funding Corp. |
||||||||
0.125% due 4/13/2023 |
$ | 5,500,000 | $ | 5,385,545 | ||||
0.50% due 7/2/2025 |
4,100,000 | 3,687,130 | ||||||
1.21% due 3/3/2025 |
3,800,000 | 3,521,270 | ||||||
Federal Home Loan Bank |
||||||||
0.875% due 6/12/2026 |
3,000,000 | 2,642,730 | ||||||
1.25% due 6/9/2028 |
5,500,000 | 4,661,635 | ||||||
Federal National Mortgage Association |
||||||||
0.50% due 11/7/2025 |
1,300,000 | 1,158,430 | ||||||
|
|
|||||||
Total U.S. Government Agencies |
21,056,740 | |||||||
|
|
|||||||
U.S. Government Securities 38.2% |
||||||||
U.S. Treasury Inflation-Indexed Note |
||||||||
0.125% due 4/15/2027 |
535,163 | 493,401 | ||||||
U.S. Treasury Note |
||||||||
0.375% due 1/31/2026 |
3,000,000 | 2,642,578 | ||||||
0.875% due 11/15/2030 |
500,000 | 398,438 | ||||||
1.375% due 11/15/2031 |
15,300,000 | 12,436,031 | ||||||
1.50% due 9/30/2024 |
16,900,000 | 16,016,711 | ||||||
1.625% due 11/30/2026 |
25,300,000 | 22,888,594 | ||||||
2.00% due 4/30/2024 |
2,400,000 | 2,314,406 | ||||||
2.00% due 8/15/2025 |
2,650,000 | 2,489,551 | ||||||
2.75% due 7/31/2027 |
22,500,000 | 21,188,672 | ||||||
|
|
|||||||
Total U.S. Government Securities |
80,868,382 | |||||||
|
|
|||||||
Shares | Value | |||||||
ExchangeTraded Funds 9.3% |
||||||||
iShares MBS ETF |
54,000 | 4,945,320 | ||||||
Vanguard Mortgage-Backed Securities ETF |
110,000 | 4,959,900 | ||||||
Vanguard Short-Term Inflation-Protected Securities ETF |
204,700 | 9,848,117 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
19,753,337 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 1.6% |
||||||||
Repurchase Agreements 1.6% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 3,318,714 | 3,318,714 | |||||
|
|
|||||||
Total Repurchase Agreements |
3,318,714 | |||||||
|
|
|||||||
Total Investments 98.6% |
209,056,921 | |||||||
|
|
|||||||
Assets in excess of other liabilities(6) 1.4% |
2,964,614 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 212,021,535 | ||||||
|
|
(1) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(2) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(3) | TBA To be announced. |
(4) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $22,660,483, representing 10.7% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(5) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 3,534,800 | $ | 3,385,122 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
(6) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 40 | Long | $ | 4,504,505 | $ | 4,482,500 | $ | (22,005 | ) | ||||||||||||||
U.S. Long Bond |
December 2022 | 148 | Long | 18,847,358 | 18,708,125 | (139,233 | ) | |||||||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 173 | Long | 20,908,076 | 20,497,797 | (410,279 | ) | |||||||||||||||||
U.S. Ultra Long Bond |
December 2022 | 22 | Long | 3,046,197 | 3,014,000 | (32,197 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
$ | 47,306,136 | $ | 46,702,422 | $ | (603,714 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 325 | Short | $ | (66,773,667 | ) | $ | (66,751,953 | ) | $ | 21,714 | |||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 200 | Short | (21,488,410 | ) | (21,501,563 | ) | (13,153 | ) | |||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
$ | (88,262,077 | ) | $ | (88,253,516 | ) | $ | 8,561 | ||||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
LIBOR London Interbank Offered Rate
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency MortgageBacked Securities |
$ | | $ | 46,912,593 | $ | | $ | 46,912,593 | ||||||||
AssetBacked Securities |
| 12,991,253 | | 12,991,253 | ||||||||||||
NonAgency MortgageBacked Securities |
| 24,155,902 | | 24,155,902 | ||||||||||||
U.S. Government Agencies |
| 21,056,740 | | 21,056,740 | ||||||||||||
U.S. Government Securities |
| 80,868,382 | | 80,868,382 | ||||||||||||
ExchangeTraded Funds |
19,753,337 | | | 19,753,337 | ||||||||||||
Repurchase Agreements |
| 3,318,714 | | 3,318,714 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 19,753,337 | $ | 189,303,584 | $ | | $ | 209,056,921 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 21,714 | $ | | $ | | $ | 21,714 | ||||||||
Liabilities |
(616,867 | ) | | | (616,867 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (595,153 | ) | $ | | $ | | $ | (595,153 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.7% |
| |||||||
Aerospace & Defense 1.9% |
| |||||||
Curtiss-Wright Corp. |
2,388 | $ | 332,314 | |||||
General Dynamics Corp. |
1,735 | 368,115 | ||||||
Howmet Aerospace, Inc. |
16,191 | 500,787 | ||||||
L3Harris Technologies, Inc. |
1,043 | 216,767 | ||||||
Northrop Grumman Corp. |
1,090 | 512,649 | ||||||
Raytheon Technologies Corp. |
12,216 | 1,000,002 | ||||||
|
|
|||||||
2,930,634 | ||||||||
|
|
|||||||
Auto Components 0.4% |
| |||||||
Aptiv PLC(1) |
7,435 | 581,491 | ||||||
|
|
|||||||
581,491 | ||||||||
|
|
|||||||
Banks 4.2% |
| |||||||
Bank OZK |
3,877 | 153,374 | ||||||
First Interstate BancSystem, Inc., Class A |
11,984 | 483,554 | ||||||
JPMorgan Chase & Co. |
19,959 | 2,085,716 | ||||||
PNC Financial Services Group, Inc. |
6,451 | 963,908 | ||||||
Regions Financial Corp. |
16,557 | 332,299 | ||||||
Truist Financial Corp. |
37,972 | 1,653,301 | ||||||
United Community Banks, Inc. |
12,076 | 399,716 | ||||||
Wells Fargo & Co. |
9,583 | 385,428 | ||||||
|
|
|||||||
6,457,296 | ||||||||
|
|
|||||||
Beverages 1.8% |
| |||||||
Coca-Cola Co. |
4,974 | 278,643 | ||||||
Coca-Cola Europacific Partners PLC |
6,704 | 285,725 | ||||||
Constellation Brands, Inc., Class A |
2,558 | 587,521 | ||||||
PepsiCo, Inc. |
9,791 | 1,598,479 | ||||||
|
|
|||||||
2,750,368 | ||||||||
|
|
|||||||
Biotechnology 1.5% |
| |||||||
Biogen, Inc.(1) |
1,324 | 353,508 | ||||||
Vertex Pharmaceuticals, Inc.(1) |
6,782 | 1,963,660 | ||||||
|
|
|||||||
2,317,168 | ||||||||
|
|
|||||||
Building Products 0.8% |
| |||||||
AZEK Co., Inc.(1) |
14,893 | 247,522 | ||||||
Johnson Controls International PLC |
12,620 | 621,156 | ||||||
Masco Corp. |
8,756 | 408,818 | ||||||
|
|
|||||||
1,277,496 | ||||||||
|
|
|||||||
Capital Markets 3.3% |
| |||||||
Charles Schwab Corp. |
12,603 | 905,777 | ||||||
CME Group, Inc. |
3,436 | 608,619 | ||||||
Invesco Ltd. |
17,162 | 235,119 | ||||||
KKR & Co., Inc. |
6,154 | 264,622 | ||||||
Moodys Corp. |
2,606 | 633,545 | ||||||
Morgan Stanley |
14,665 | 1,158,681 | ||||||
Northern Trust Corp. |
2,703 | 231,269 | ||||||
Raymond James Financial, Inc. |
9,363 | 925,252 | ||||||
|
|
|||||||
4,962,884 | ||||||||
|
|
|||||||
Chemicals 2.5% |
| |||||||
Air Products and Chemicals, Inc. |
1,845 | 429,387 | ||||||
Ashland, Inc. |
5,015 | 476,275 | ||||||
Avient Corp. |
8,210 | 248,763 | ||||||
Axalta Coating Systems Ltd.(1) |
13,013 | 274,054 | ||||||
Chemours Co. |
4,037 | 99,512 | ||||||
Diversey Holdings Ltd.(1) |
49,623 | 241,168 | ||||||
DuPont de Nemours, Inc. |
7,532 | 379,613 | ||||||
Element Solutions, Inc. |
16,698 | 271,676 | ||||||
FMC Corp. |
2,387 | 252,306 | ||||||
International Flavors & Fragrances, Inc. |
2,175 | 197,555 | ||||||
Linde PLC |
2,209 | 595,524 | ||||||
Sherwin-Williams Co. |
1,891 | 387,182 | ||||||
|
|
|||||||
3,853,015 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Commercial Services & Supplies 0.4% |
| |||||||
GFL Environmental, Inc. |
24,874 | $ | 629,063 | |||||
|
|
|||||||
629,063 | ||||||||
|
|
|||||||
Communications Equipment 0.3% |
| |||||||
Motorola Solutions, Inc. |
1,959 | 438,757 | ||||||
|
|
|||||||
438,757 | ||||||||
|
|
|||||||
Construction & Engineering 0.2% |
| |||||||
API Group Corp.(1) |
18,021 | 239,139 | ||||||
|
|
|||||||
239,139 | ||||||||
|
|
|||||||
Construction Materials 0.3% |
| |||||||
Vulcan Materials Co. |
2,459 | 387,809 | ||||||
|
|
|||||||
387,809 | ||||||||
|
|
|||||||
Consumer Finance 0.2% |
| |||||||
SLM Corp. |
21,466 | 300,309 | ||||||
|
|
|||||||
300,309 | ||||||||
|
|
|||||||
Containers & Packaging 0.2% |
| |||||||
Ball Corp. |
4,980 | 240,634 | ||||||
|
|
|||||||
240,634 | ||||||||
|
|
|||||||
Distributors 0.6% |
| |||||||
LKQ Corp. |
18,319 | 863,741 | ||||||
|
|
|||||||
863,741 | ||||||||
|
|
|||||||
Diversified Consumer Services 0.3% |
| |||||||
Bright Horizons Family Solutions, Inc.(1) |
4,434 | 255,620 | ||||||
Grand Canyon Education, Inc.(1) |
2,192 | 180,292 | ||||||
|
|
|||||||
435,912 | ||||||||
|
|
|||||||
Diversified Financial Services 0.2% |
| |||||||
Voya Financial, Inc. |
5,574 | 337,227 | ||||||
|
|
|||||||
337,227 | ||||||||
|
|
|||||||
Electric Utilities 2.7% |
| |||||||
American Electric Power Co., Inc. |
3,119 | 269,638 | ||||||
Constellation Energy Corp. |
3,038 | 252,731 | ||||||
Duke Energy Corp. |
4,242 | 394,591 | ||||||
Evergy, Inc. |
5,221 | 310,127 | ||||||
Exelon Corp. |
9,116 | 341,485 | ||||||
NextEra Energy, Inc. |
13,086 | 1,026,073 | ||||||
PG&E Corp.(1) |
55,575 | 694,688 | ||||||
PPL Corp. |
6,725 | 170,479 | ||||||
Southern Co. |
5,651 | 384,268 | ||||||
Xcel Energy, Inc. |
4,893 | 313,152 | ||||||
|
|
|||||||
4,157,232 | ||||||||
|
|
|||||||
Electrical Equipment 2.0% |
| |||||||
AMETEK, Inc. |
7,176 | 813,830 | ||||||
Eaton Corp. PLC |
7,143 | 952,590 | ||||||
Generac Holdings, Inc.(1) |
655 | 116,682 | ||||||
Regal Rexnord Corp. |
3,105 | 435,818 | ||||||
Sensata Technologies Holding PLC |
17,689 | 659,446 | ||||||
|
|
|||||||
2,978,366 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 0.5% |
| |||||||
Amphenol Corp., Class A |
3,845 | 257,461 | ||||||
TE Connectivity Ltd. |
1,542 | 170,175 | ||||||
Zebra Technologies Corp., Class A(1) |
1,390 | 364,194 | ||||||
|
|
|||||||
791,830 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Energy Equipment & Services 0.5% |
| |||||||
Cactus, Inc., Class A |
9,221 | $ | 354,363 | |||||
Schlumberger NV |
11,366 | 408,039 | ||||||
|
|
|||||||
762,402 | ||||||||
|
|
|||||||
Entertainment 1.7% |
| |||||||
Electronic Arts, Inc. |
6,269 | 725,386 | ||||||
ROBLOX Corp., Class A(1) |
4,661 | 167,050 | ||||||
Take-Two Interactive Software, Inc.(1) |
2,607 | 284,163 | ||||||
Walt Disney Co.(1) |
10,586 | 998,577 | ||||||
Warner Bros Discovery, Inc.(1) |
25,804 | 296,746 | ||||||
Warner Music Group Corp., Class A |
4,645 | 107,811 | ||||||
|
|
|||||||
2,579,733 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 3.2% |
| |||||||
AvalonBay Communities, Inc. |
3,126 | 575,778 | ||||||
Broadstone Net Lease, Inc. |
21,599 | 335,432 | ||||||
Empire State Realty Trust, Inc., Class A |
42,814 | 280,860 | ||||||
Equinix, Inc. |
845 | 480,670 | ||||||
Extra Space Storage, Inc. |
2,562 | 442,483 | ||||||
Innovative Industrial Properties, Inc. |
1,966 | 173,991 | ||||||
Rayonier, Inc. |
20,398 | 611,328 | ||||||
SBA Communications Corp. |
2,939 | 836,586 | ||||||
STORE Capital Corp. |
27,017 | 846,443 | ||||||
Sun Communities, Inc. |
1,814 | 245,489 | ||||||
|
|
|||||||
4,829,060 | ||||||||
|
|
|||||||
Food Products 1.2% |
| |||||||
Archer-Daniels-Midland Co. |
6,244 | 502,330 | ||||||
J.M. Smucker Co. |
2,045 | 281,003 | ||||||
Mondelez International, Inc., Class A |
17,548 | 962,157 | ||||||
Oatly Group AB, ADR(1) |
47,935 | 126,069 | ||||||
|
|
|||||||
1,871,559 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 3.7% |
| |||||||
Align Technology, Inc.(1) |
625 | 129,444 | ||||||
Becton Dickinson and Co. |
5,222 | 1,163,618 | ||||||
Boston Scientific Corp.(1) |
39,023 | 1,511,361 | ||||||
Envista Holdings Corp.(1) |
10,065 | 330,233 | ||||||
IDEXX Laboratories, Inc.(1) |
583 | 189,941 | ||||||
Medtronic PLC |
15,718 | 1,269,229 | ||||||
QuidelOrtho Corp.(1) |
7,026 | 502,218 | ||||||
STERIS PLC |
3,755 | 624,381 | ||||||
|
|
|||||||
5,720,425 | ||||||||
|
|
|||||||
Health Care Providers & Services 2.9% |
| |||||||
Cigna Corp. |
8,079 | 2,241,680 | ||||||
Humana, Inc. |
2,316 | 1,123,700 | ||||||
McKesson Corp. |
3,242 | 1,101,859 | ||||||
|
|
|||||||
4,467,239 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 2.2% |
| |||||||
Booking Holdings, Inc.(1) |
260 | 427,235 | ||||||
International Game Technology PLC |
13,951 | 220,426 | ||||||
Las Vegas Sands Corp.(1) |
2,514 | 94,325 | ||||||
Marriott International, Inc., Class A |
2,959 | 414,674 | ||||||
Starbucks Corp. |
17,722 | 1,493,256 | ||||||
Wendys Co. |
38,224 | 714,406 | ||||||
|
|
|||||||
3,364,322 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Household Products 1.2% |
| |||||||
Colgate-Palmolive Co. |
9,421 | $ | 661,825 | |||||
Kimberly-Clark Corp. |
4,444 | 500,128 | ||||||
Procter & Gamble Co. |
5,671 | 715,964 | ||||||
|
|
|||||||
1,877,917 | ||||||||
|
|
|||||||
Industrial Conglomerates 0.6% |
| |||||||
Honeywell International, Inc. |
5,351 | 893,457 | ||||||
|
|
|||||||
893,457 | ||||||||
|
|
|||||||
Insurance 3.8% |
| |||||||
Aon PLC, Class A |
5,441 | 1,457,481 | ||||||
Arthur J Gallagher & Co. |
5,549 | 950,100 | ||||||
Chubb Ltd. |
5,691 | 1,035,079 | ||||||
Hartford Financial Services Group, Inc. |
7,868 | 487,344 | ||||||
MetLife, Inc. |
7,577 | 460,530 | ||||||
Primerica, Inc. |
3,484 | 430,100 | ||||||
Reinsurance Group of America, Inc. |
3,492 | 439,328 | ||||||
Willis Towers Watson PLC |
2,761 | 554,795 | ||||||
|
|
|||||||
5,814,757 | ||||||||
|
|
|||||||
Interactive Media & Services 3.6% |
| |||||||
Alphabet, Inc., Class A(1) |
58,206 | 5,567,404 | ||||||
|
|
|||||||
5,567,404 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 3.3% |
| |||||||
Amazon.com, Inc.(1) |
43,489 | 4,914,257 | ||||||
Vivid Seats, Inc., Class A |
21,121 | 161,787 | ||||||
|
|
|||||||
5,076,044 | ||||||||
|
|
|||||||
IT Services 4.5% |
| |||||||
Accenture PLC, Class A |
5,235 | 1,346,966 | ||||||
Amdocs Ltd. |
6,050 | 480,673 | ||||||
Block, Inc.(1) |
4,185 | 230,133 | ||||||
Fidelity National Information Services, Inc. |
7,423 | 560,956 | ||||||
Fiserv, Inc.(1) |
7,273 | 680,535 | ||||||
Gartner, Inc.(1) |
802 | 221,905 | ||||||
Global Payments, Inc. |
4,367 | 471,854 | ||||||
PayPal Holdings, Inc.(1) |
2,638 | 227,053 | ||||||
Thoughtworks Holding, Inc.(1) |
19,741 | 207,083 | ||||||
Visa, Inc., Class A |
13,691 | 2,432,206 | ||||||
|
|
|||||||
6,859,364 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.6% |
| |||||||
ICON PLC(1) |
4,105 | 754,417 | ||||||
Maravai LifeSciences Holdings, Inc., Class A(1) |
53,925 | 1,376,705 | ||||||
Oxford Nanopore Technologies PLC (United Kingdom)(1) |
23,572 | 66,543 | ||||||
Syneos Health, Inc.(1) |
6,350 | 299,403 | ||||||
|
|
|||||||
2,497,068 | ||||||||
|
|
|||||||
Machinery 1.4% |
| |||||||
Dover Corp. |
3,870 | 451,165 | ||||||
Ingersoll Rand, Inc. |
15,832 | 684,892 | ||||||
PACCAR, Inc. |
6,122 | 512,350 | ||||||
Westinghouse Air Brake Technologies Corp. |
5,784 | 470,529 | ||||||
|
|
|||||||
2,118,936 | ||||||||
|
|
|||||||
Media 0.5% |
| |||||||
Altice USA, Inc., Class A(1) |
25,702 | 149,843 | ||||||
Cable One, Inc. |
96 | 81,893 | ||||||
Liberty Broadband Corp., Class C(1) |
7,174 | 529,441 | ||||||
|
|
|||||||
761,177 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Multi-Utilities 0.5% |
| |||||||
CenterPoint Energy, Inc. |
20,719 | $ | 583,861 | |||||
Dominion Energy, Inc. |
3,345 | 231,173 | ||||||
|
|
|||||||
815,034 | ||||||||
|
|
|||||||
Multiline Retail 1.8% |
| |||||||
Dollar General Corp. |
5,105 | 1,224,485 | ||||||
Dollar Tree, Inc.(1) |
4,829 | 657,227 | ||||||
Target Corp. |
6,316 | 937,231 | ||||||
|
|
|||||||
2,818,943 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 4.2% |
| |||||||
Cheniere Energy, Inc. |
2,627 | 435,846 | ||||||
ConocoPhillips |
10,323 | 1,056,456 | ||||||
Diamondback Energy, Inc. |
5,486 | 660,843 | ||||||
Enterprise Products Partners LP |
13,660 | 324,835 | ||||||
Exxon Mobil Corp. |
34,164 | 2,982,859 | ||||||
Hess Corp. |
4,607 | 502,117 | ||||||
Valero Energy Corp. |
4,247 | 453,792 | ||||||
|
|
|||||||
6,416,748 | ||||||||
|
|
|||||||
Pharmaceuticals 5.5% |
| |||||||
Eli Lilly and Co. |
5,882 | 1,901,945 | ||||||
Johnson & Johnson |
15,565 | 2,542,699 | ||||||
Merck & Co., Inc. |
26,661 | 2,296,045 | ||||||
Organon & Co. |
20,422 | 477,875 | ||||||
Zoetis, Inc. |
7,884 | 1,169,118 | ||||||
|
|
|||||||
8,387,682 | ||||||||
|
|
|||||||
Professional Services 0.9% |
| |||||||
CACI International, Inc., Class A(1) |
701 | 183,003 | ||||||
Clarivate PLC(1) |
54,084 | 507,849 | ||||||
Dun & Bradstreet Holdings, Inc. |
12,317 | 152,607 | ||||||
Equifax, Inc. |
1,181 | 202,459 | ||||||
Jacobs Solutions, Inc. |
787 | 85,382 | ||||||
Leidos Holdings, Inc. |
2,133 | 186,573 | ||||||
|
|
|||||||
1,317,873 | ||||||||
|
|
|||||||
Road & Rail 1.2% |
| |||||||
Canadian Pacific Railway Ltd. |
15,152 | 1,010,941 | ||||||
CSX Corp. |
19,131 | 509,650 | ||||||
Saia, Inc.(1) |
1,724 | 327,560 | ||||||
|
|
|||||||
1,848,151 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 4.3% |
| |||||||
Advanced Micro Devices, Inc.(1) |
7,748 | 490,913 | ||||||
Analog Devices, Inc. |
5,356 | 746,305 | ||||||
Applied Materials, Inc. |
9,450 | 774,239 | ||||||
Broadcom, Inc. |
3,064 | 1,360,447 | ||||||
Enphase Energy, Inc.(1) |
926 | 256,937 | ||||||
Lam Research Corp. |
1,712 | 626,592 | ||||||
Marvell Technology, Inc. |
6,158 | 264,240 | ||||||
Monolithic Power Systems, Inc. |
1,038 | 377,209 | ||||||
NXP Semiconductors NV |
4,934 | 727,814 | ||||||
Texas Instruments, Inc. |
6,410 | 992,140 | ||||||
|
|
|||||||
6,616,836 | ||||||||
|
|
|||||||
Software 10.5% |
| |||||||
Adobe, Inc.(1) |
3,070 | 844,864 | ||||||
Atlassian Corp. PLC, Class A(1) |
4,102 | 863,840 | ||||||
Black Knight, Inc.(1) |
4,897 | 316,983 | ||||||
Cadence Design Systems, Inc.(1) |
7,499 | 1,225,562 | ||||||
Check Point Software Technologies Ltd.(1) |
1,995 | 223,480 | ||||||
Elastic NV(1) |
3,085 | 221,318 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Software (continued) |
| |||||||
Five9, Inc.(1) |
2,045 | $ | 153,334 | |||||
Intuit, Inc. |
1,131 | 438,059 | ||||||
Microsoft Corp. |
37,719 | 8,784,755 | ||||||
Nice Ltd., ADR(1) |
2,526 | 475,494 | ||||||
Rapid7, Inc.(1) |
5,122 | 219,734 | ||||||
Salesforce, Inc.(1) |
8,507 | 1,223,647 | ||||||
ServiceNow, Inc.(1) |
2,879 | 1,087,139 | ||||||
|
|
|||||||
16,078,209 | ||||||||
|
|
|||||||
Specialty Retail 1.7% |
| |||||||
Home Depot, Inc. |
6,923 | 1,910,332 | ||||||
Ross Stores, Inc. |
7,173 | 604,469 | ||||||
|
|
|||||||
2,514,801 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 6.5% |
| |||||||
Apple, Inc. |
71,842 | 9,928,564 | ||||||
|
|
|||||||
9,928,564 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.6% |
| |||||||
Lululemon Athletica, Inc.(1) |
1,448 | 404,803 | ||||||
NIKE, Inc., Class B |
3,438 | 285,766 | ||||||
On Holding AG, Class A(1) |
9,156 | 146,954 | ||||||
Skechers USA, Inc., Class A(1) |
4,646 | 147,371 | ||||||
|
|
|||||||
984,894 | ||||||||
|
|
|||||||
Tobacco 0.4% |
| |||||||
Philip Morris International, Inc. |
7,660 | 635,857 | ||||||
|
|
|||||||
635,857 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 1.4% |
| |||||||
T-Mobile US, Inc.(1) |
15,908 | 2,134,376 | ||||||
|
|
|||||||
2,134,376 | ||||||||
|
|
|||||||
Total Common Stocks |
|
152,489,203 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 0.4% |
| |||||||
Repurchase Agreements 0.4% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 607,666 | 607,666 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
607,666 | ||||||
|
|
|||||||
Total Investments 100.1% |
|
153,096,869 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.1)% |
|
(159,314 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 152,937,555 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
|
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 647,300 | $ | 619,891 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN ALL CAP CORE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 152,422,660 | $ | 66,543 | * | $ | | $ | 152,489,203 | |||||||
Repurchase Agreements |
| 607,666 | | 607,666 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 152,422,660 | $ | 674,209 | $ | | $ | 153,096,869 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 62.6% |
| |||||||
Aerospace & Defense 1.4% |
| |||||||
Boeing Co.(1) |
3,390 | $ | 410,461 | |||||
General Dynamics Corp. |
3,640 | 772,299 | ||||||
Lockheed Martin Corp. |
2,001 | 772,966 | ||||||
Raytheon Technologies Corp. |
11,654 | 953,997 | ||||||
|
|
|||||||
2,909,723 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.1% |
| |||||||
FedEx Corp. |
1,851 | 274,818 | ||||||
|
|
|||||||
274,818 | ||||||||
|
|
|||||||
Airlines 0.2% |
| |||||||
JetBlue Airways Corp.(1) |
50,097 | 332,143 | ||||||
|
|
|||||||
332,143 | ||||||||
|
|
|||||||
Automobiles 0.7% |
| |||||||
Ford Motor Co. |
19,892 | 222,791 | ||||||
Tesla, Inc.(1) |
4,677 | 1,240,574 | ||||||
|
|
|||||||
1,463,365 | ||||||||
|
|
|||||||
Beverages 1.4% |
| |||||||
Constellation Brands, Inc., Class A |
9,115 | 2,093,533 | ||||||
Monster Beverage Corp.(1) |
10,561 | 918,385 | ||||||
|
|
|||||||
3,011,918 | ||||||||
|
|
|||||||
Biotechnology 1.3% |
| |||||||
Alkermes PLC(1) |
3,509 | 78,356 | ||||||
Alnylam Pharmaceuticals, Inc.(1) |
484 | 96,877 | ||||||
Apellis Pharmaceuticals, Inc.(1) |
1,001 | 68,368 | ||||||
Ascendis Pharma A/S, ADR(1) |
836 | 86,325 | ||||||
Biogen, Inc.(1) |
747 | 199,449 | ||||||
Blueprint Medicines Corp.(1) |
486 | 32,023 | ||||||
Celldex Therapeutics, Inc.(1) |
1,250 | 35,138 | ||||||
Genmab A/S, ADR(1) |
2,701 | 86,783 | ||||||
Horizon Therapeutics PLC(1) |
1,251 | 77,424 | ||||||
Incyte Corp.(1) |
1,695 | 112,955 | ||||||
Karuna Therapeutics, Inc.(1) |
522 | 117,414 | ||||||
Mirati Therapeutics, Inc.(1) |
493 | 34,431 | ||||||
Moderna, Inc.(1) |
998 | 118,014 | ||||||
Myovant Sciences Ltd.(1) |
8,493 | 152,534 | ||||||
PTC Therapeutics, Inc.(1) |
1,179 | 59,186 | ||||||
Regeneron Pharmaceuticals, Inc.(1) |
551 | 379,567 | ||||||
REVOLUTION Medicines, Inc.(1) |
1,830 | 36,088 | ||||||
Sarepta Therapeutics, Inc.(1) |
492 | 54,386 | ||||||
Seagen, Inc.(1) |
1,243 | 170,080 | ||||||
Syndax Pharmaceuticals, Inc.(1) |
1,308 | 31,431 | ||||||
United Therapeutics Corp.(1) |
337 | 70,561 | ||||||
Vertex Pharmaceuticals, Inc.(1) |
1,923 | 556,785 | ||||||
|
|
|||||||
2,654,175 | ||||||||
|
|
|||||||
Building Products 0.5% |
| |||||||
AZEK Co., Inc.(1) |
9,456 | 157,159 | ||||||
Builders FirstSource, Inc.(1) |
6,692 | 394,293 | ||||||
Fortune Brands Home & Security, Inc. |
1,905 | 102,279 | ||||||
Johnson Controls International PLC |
8,106 | 398,977 | ||||||
|
|
|||||||
1,052,708 | ||||||||
|
|
|||||||
Capital Markets 4.0% |
| |||||||
Ares Management Corp., Class A |
25,620 | 1,587,159 | ||||||
Charles Schwab Corp. |
23,502 | 1,689,089 | ||||||
CME Group, Inc. |
2,296 | 406,691 | ||||||
Goldman Sachs Group, Inc. |
4,112 | 1,205,022 | ||||||
Morgan Stanley |
23,517 | 1,858,078 | ||||||
S&P Global, Inc. |
5,407 | 1,651,027 | ||||||
|
|
|||||||
8,397,066 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Chemicals 1.7% |
||||||||
Cabot Corp. |
7,201 | $ | 460,072 | |||||
Celanese Corp. |
4,004 | 361,721 | ||||||
FMC Corp. |
6,601 | 697,726 | ||||||
Ingevity Corp.(1) |
2,802 | 169,885 | ||||||
Linde PLC |
3,622 | 976,455 | ||||||
Livent Corp.(1) |
7,140 | 218,841 | ||||||
PPG Industries, Inc. |
5,437 | 601,822 | ||||||
|
|
|||||||
3,486,522 | ||||||||
|
|
|||||||
Commercial Services & Supplies 0.3% |
||||||||
Aurora Innovation, Inc.(1) |
19,829 | 43,822 | ||||||
Clean Harbors, Inc.(1) |
1,570 | 172,668 | ||||||
Waste Connections, Inc. |
2,613 | 353,095 | ||||||
|
|
|||||||
569,585 | ||||||||
|
|
|||||||
Communications Equipment 0.4% |
||||||||
Arista Networks, Inc.(1) |
8,393 | 947,486 | ||||||
|
|
|||||||
947,486 | ||||||||
|
|
|||||||
Construction & Engineering 0.2% |
||||||||
Fluor Corp.(1) |
15,356 | 382,211 | ||||||
|
|
|||||||
382,211 | ||||||||
|
|
|||||||
Consumer Finance 0.1% |
||||||||
OneMain Holdings, Inc. |
5,666 | 167,260 | ||||||
|
|
|||||||
167,260 | ||||||||
|
|
|||||||
Containers & Packaging 0.1% |
||||||||
Ball Corp. |
3,631 | 175,450 | ||||||
|
|
|||||||
175,450 | ||||||||
|
|
|||||||
Diversified Financial Services 0.5% |
||||||||
Equitable Holdings, Inc. |
30,526 | 804,360 | ||||||
Voya Financial, Inc. |
3,606 | 218,163 | ||||||
|
|
|||||||
1,022,523 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 0.3% |
||||||||
AT&T, Inc. |
36,810 | 564,665 | ||||||
|
|
|||||||
564,665 | ||||||||
|
|
|||||||
Electric Utilities 1.8% |
||||||||
Duke Energy Corp. |
13,128 | 1,221,167 | ||||||
Edison International |
14,824 | 838,742 | ||||||
Exelon Corp. |
21,783 | 815,991 | ||||||
FirstEnergy Corp. |
25,220 | 933,140 | ||||||
|
|
|||||||
3,809,040 | ||||||||
|
|
|||||||
Electrical Equipment 0.1% |
||||||||
AMETEK, Inc. |
646 | 73,263 | ||||||
Emerson Electric Co. |
1,984 | 145,268 | ||||||
|
|
|||||||
218,531 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.3% |
||||||||
Schlumberger NV |
15,459 | 554,978 | ||||||
|
|
|||||||
554,978 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Entertainment 0.1% |
||||||||
Electronic Arts, Inc. |
1,620 | $ | 187,450 | |||||
|
|
|||||||
187,450 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 1.3% |
||||||||
American Tower Corp. |
3,144 | 675,017 | ||||||
AvalonBay Communities, Inc. |
1,866 | 343,699 | ||||||
Rexford Industrial Realty, Inc. |
11,895 | 618,540 | ||||||
Ryman Hospitality Properties, Inc. |
6,658 | 489,962 | ||||||
Welltower, Inc. |
9,992 | 642,685 | ||||||
|
|
|||||||
2,769,903 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.7% |
||||||||
Performance Food Group Co.(1) |
60,830 | 2,612,649 | ||||||
Sysco Corp. |
13,633 | 963,989 | ||||||
|
|
|||||||
3,576,638 | ||||||||
|
|
|||||||
Food Products 1.2% |
||||||||
Archer-Daniels-Midland Co. |
8,192 | 659,047 | ||||||
Hershey Co. |
5,662 | 1,248,301 | ||||||
Kellogg Co. |
7,564 | 526,908 | ||||||
|
|
|||||||
2,434,256 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 1.8% |
||||||||
Align Technology, Inc.(1) |
1,336 | 276,699 | ||||||
Baxter International, Inc. |
9,555 | 514,632 | ||||||
Boston Scientific Corp.(1) |
19,732 | 764,220 | ||||||
Dexcom, Inc.(1) |
3,850 | 310,079 | ||||||
Edwards Lifesciences Corp.(1) |
6,765 | 558,992 | ||||||
Inari Medical, Inc.(1) |
1,137 | 82,592 | ||||||
Insulet Corp.(1) |
1,301 | 298,449 | ||||||
Stryker Corp. |
3,627 | 734,613 | ||||||
Teleflex, Inc. |
1,319 | 265,726 | ||||||
|
|
|||||||
3,806,002 | ||||||||
|
|
|||||||
Health Care Providers & Services 2.8% |
||||||||
agilon health, Inc.(1) |
33,129 | 775,881 | ||||||
Centene Corp.(1) |
10,254 | 797,864 | ||||||
Elevance Health, Inc. |
1,872 | 850,337 | ||||||
HCA Healthcare, Inc. |
3,265 | 600,074 | ||||||
Humana, Inc. |
3,284 | 1,593,364 | ||||||
Laboratory Corp. of America Holdings |
373 | 76,394 | ||||||
McKesson Corp. |
1,307 | 444,210 | ||||||
UnitedHealth Group, Inc. |
1,491 | 753,015 | ||||||
|
|
|||||||
5,891,139 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.3% |
||||||||
Airbnb, Inc., Class A(1) |
13,197 | 1,386,213 | ||||||
Hyatt Hotels Corp., Class A(1) |
4,758 | 385,208 | ||||||
Starbucks Corp. |
11,013 | 927,955 | ||||||
|
|
|||||||
2,699,376 | ||||||||
|
|
|||||||
Household Durables 0.1% |
||||||||
D.R. Horton, Inc. |
1,050 | 70,717 | ||||||
Lennar Corp., Class A |
972 | 72,463 | ||||||
|
|
|||||||
143,180 | ||||||||
|
|
|||||||
Independent Power and Renewable Electricity Producers 0.3% |
||||||||
AES Corp. |
28,340 | 640,484 | ||||||
|
|
|||||||
640,484 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Industrial Conglomerates 0.4% |
||||||||
Honeywell International, Inc. |
5,131 | $ | 856,723 | |||||
|
|
|||||||
856,723 | ||||||||
|
|
|||||||
Insurance 2.4% |
||||||||
Allstate Corp. |
3,419 | 425,768 | ||||||
American International Group, Inc. |
20,205 | 959,334 | ||||||
Assurant, Inc. |
2,105 | 305,793 | ||||||
Assured Guaranty Ltd. |
8,368 | 405,430 | ||||||
Chubb Ltd. |
5,273 | 959,053 | ||||||
Hartford Financial Services Group, Inc. |
7,630 | 472,602 | ||||||
Marsh & McLennan Cos., Inc. |
4,777 | 713,158 | ||||||
MetLife, Inc. |
6,803 | 413,486 | ||||||
Trupanion, Inc.(1) |
6,929 | 411,791 | ||||||
|
|
|||||||
5,066,415 | ||||||||
|
|
|||||||
Interactive Media & Services 4.0% |
||||||||
Alphabet, Inc., Class A(1) |
43,217 | 4,133,706 | ||||||
Bumble, Inc., Class A(1) |
18,997 | 408,246 | ||||||
Cargurus, Inc.(1) |
27,463 | 389,151 | ||||||
Match Group, Inc.(1) |
5,343 | 255,128 | ||||||
Meta Platforms, Inc., Class A(1) |
23,350 | 3,168,128 | ||||||
|
|
|||||||
8,354,359 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 3.5% |
||||||||
Amazon.com, Inc.(1) |
53,326 | 6,025,838 | ||||||
Etsy, Inc.(1) |
13,101 | 1,311,803 | ||||||
|
|
|||||||
7,337,641 | ||||||||
|
|
|||||||
IT Services 2.4% |
||||||||
Block, Inc.(1) |
6,043 | 332,305 | ||||||
FleetCor Technologies, Inc.(1) |
1,532 | 269,892 | ||||||
Genpact Ltd. |
7,596 | 332,477 | ||||||
Global Payments, Inc. |
9,763 | 1,054,892 | ||||||
GoDaddy, Inc., Class A(1) |
7,476 | 529,899 | ||||||
Okta, Inc.(1) |
788 | 44,814 | ||||||
PayPal Holdings, Inc.(1) |
7,988 | 687,527 | ||||||
Snowflake, Inc., Class A(1) |
431 | 73,253 | ||||||
VeriSign, Inc.(1) |
3,956 | 687,157 | ||||||
Visa, Inc., Class A |
4,097 | 727,832 | ||||||
WEX, Inc.(1) |
2,379 | 301,990 | ||||||
|
|
|||||||
5,042,038 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.8% |
||||||||
Agilent Technologies, Inc. |
6,349 | 771,721 | ||||||
Danaher Corp. |
5,975 | 1,543,282 | ||||||
ICON PLC(1) |
1,278 | 234,871 | ||||||
Illumina, Inc.(1) |
2,386 | 455,225 | ||||||
NanoString Technologies, Inc.(1) |
5,491 | 70,120 | ||||||
Syneos Health, Inc.(1) |
8,872 | 418,315 | ||||||
Waters Corp.(1) |
749 | 201,878 | ||||||
|
|
|||||||
3,695,412 | ||||||||
|
|
|||||||
Machinery 1.3% |
||||||||
Caterpillar, Inc. |
2,112 | 346,537 | ||||||
Flowserve Corp. |
9,880 | 240,084 | ||||||
Fortive Corp. |
3,645 | 212,503 | ||||||
Ingersoll Rand, Inc. |
7,068 | 305,762 | ||||||
Kennametal, Inc. |
6,488 | 133,523 | ||||||
Middleby Corp.(1) |
2,482 | 318,118 | ||||||
PACCAR, Inc. |
4,422 | 370,077 | ||||||
Westinghouse Air Brake Technologies Corp. |
8,694 | 707,257 | ||||||
|
|
|||||||
2,633,861 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Media 1.1% |
||||||||
Charter Communications, Inc., Class A(1) |
2,233 | $ | 677,381 | |||||
New York Times Co., Class A |
12,499 | 359,346 | ||||||
Omnicom Group, Inc. |
20,535 | 1,295,553 | ||||||
|
|
|||||||
2,332,280 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.0% |
||||||||
BP PLC, ADR |
37,117 | 1,059,690 | ||||||
ConocoPhillips |
14,431 | 1,476,869 | ||||||
EOG Resources, Inc. |
1,928 | 215,415 | ||||||
Marathon Petroleum Corp. |
6,806 | 676,040 | ||||||
Pioneer Natural Resources Co. |
1,502 | 325,228 | ||||||
Shell PLC, ADR |
50,130 | 2,494,469 | ||||||
|
|
|||||||
6,247,711 | ||||||||
|
|
|||||||
Pharmaceuticals 3.7% |
||||||||
Aclaris Therapeutics, Inc.(1) |
2,094 | 32,960 | ||||||
AstraZeneca PLC, ADR |
15,243 | 835,926 | ||||||
Bristol Myers Squibb Co. |
16,376 | 1,164,170 | ||||||
Elanco Animal Health, Inc.(1) |
14,667 | 182,018 | ||||||
Eli Lilly and Co. |
6,987 | 2,259,246 | ||||||
GSK PLC, ADR |
5,137 | 151,182 | ||||||
Intra-Cellular Therapies, Inc.(1) |
2,493 | 115,999 | ||||||
Novartis AG, ADR |
7,807 | 593,410 | ||||||
Pfizer, Inc. |
42,033 | 1,839,364 | ||||||
Royalty Pharma PLC, Class A |
1,332 | 53,520 | ||||||
Zoetis, Inc. |
3,573 | 529,840 | ||||||
|
|
|||||||
7,757,635 | ||||||||
|
|
|||||||
Professional Services 0.3% |
||||||||
Science Applications International Corp. |
4,196 | 371,052 | ||||||
TriNet Group, Inc.(1) |
3,239 | 230,682 | ||||||
|
|
|||||||
601,734 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 2.4% |
||||||||
Advanced Micro Devices, Inc.(1) |
11,407 | 722,748 | ||||||
Intel Corp. |
5,056 | 130,293 | ||||||
KLA Corp. |
1,757 | 531,721 | ||||||
Marvell Technology, Inc. |
9,688 | 415,712 | ||||||
Micron Technology, Inc. |
11,619 | 582,112 | ||||||
NVIDIA Corp. |
2,470 | 299,833 | ||||||
ON Semiconductor Corp.(1) |
10,441 | 650,788 | ||||||
Teradyne, Inc. |
5,375 | 403,931 | ||||||
Texas Instruments, Inc. |
7,807 | 1,208,367 | ||||||
|
|
|||||||
4,945,505 | ||||||||
|
|
|||||||
Software 5.5% |
||||||||
Adobe, Inc.(1) |
947 | 260,614 | ||||||
Ceridian HCM Holding, Inc.(1) |
7,727 | 431,785 | ||||||
Guidewire Software, Inc.(1) |
2,177 | 134,060 | ||||||
HashiCorp, Inc., Class A(1) |
5,941 | 191,241 | ||||||
HubSpot, Inc.(1) |
153 | 41,328 | ||||||
Microsoft Corp. |
35,714 | 8,317,791 | ||||||
Palo Alto Networks, Inc.(1) |
1,095 | 179,350 | ||||||
Qualtrics International, Inc., Class A(1) |
6,962 | 70,873 | ||||||
Rapid7, Inc.(1) |
908 | 38,953 | ||||||
Salesforce, Inc.(1) |
5,827 | 838,156 | ||||||
SentinelOne, Inc., Class A(1) |
2,692 | 68,807 | ||||||
ServiceNow, Inc.(1) |
1,370 | 517,326 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Software (continued) |
||||||||
UiPath, Inc., Class A(1) |
4,594 | $ | 57,930 | |||||
Varonis Systems, Inc.(1) |
954 | 25,300 | ||||||
Workday, Inc., Class A(1) |
1,626 | 247,510 | ||||||
|
|
|||||||
11,421,024 | ||||||||
|
|
|||||||
Specialty Retail 0.6% |
||||||||
TJX Cos., Inc. |
19,927 | 1,237,865 | ||||||
|
|
|||||||
1,237,865 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 2.2% |
||||||||
Apple, Inc. |
33,445 | 4,622,099 | ||||||
|
|
|||||||
4,622,099 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.5% |
||||||||
NIKE, Inc., Class B |
13,816 | 1,148,386 | ||||||
|
|
|||||||
1,148,386 | ||||||||
|
|
|||||||
Tobacco 0.6% |
||||||||
Philip Morris International, Inc. |
14,572 | 1,209,622 | ||||||
|
|
|||||||
1,209,622 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.1% |
||||||||
United Rentals, Inc.(1) |
235 | 63,478 | ||||||
WESCO International, Inc.(1) |
2,011 | 240,073 | ||||||
|
|
|||||||
303,551 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 0.8% |
||||||||
T-Mobile US, Inc.(1) |
12,378 | 1,660,756 | ||||||
|
|
|||||||
1,660,756 | ||||||||
|
|
|||||||
Total Common Stocks |
130,617,212 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Agency MortgageBacked Securities 10.1% |
||||||||
Federal Home Loan Mortgage Corp. |
||||||||
2.00% due 4/1/2052 |
$ | 1,379,625 | 1,121,376 | |||||
2.50% due 7/1/2041 |
415,245 | 357,043 | ||||||
2.50% due 2/1/2042 |
603,725 | 519,666 | ||||||
3.00% due 10/1/2051 |
323,591 | 283,086 | ||||||
4.50% due 7/1/2052 |
749,994 | 714,214 | ||||||
Federal National Mortgage Association |
||||||||
2.00% due 2/1/2051 |
427,242 | 347,745 | ||||||
2.50% due 2/1/2041 |
73,094 | 62,870 | ||||||
2.50% due 5/1/2051 |
1,305,475 | 1,099,631 | ||||||
3.50% due 4/1/2050 |
367,666 | 332,959 | ||||||
3.50% due 7/1/2051 |
589,843 | 533,981 | ||||||
4.50% due 8/1/2052 |
1,499,996 | 1,429,947 | ||||||
Freddie Mac Multifamily Structured Pass-Through Certificates |
||||||||
K1522 A2 |
||||||||
2.361% due 10/25/2036 |
500,000 | 379,499 | ||||||
Government National Mortgage Association |
||||||||
2.00% due 10/20/2052(2) |
700,000 | 581,337 | ||||||
2.50% due 10/20/2052(2) |
1,147,000 | 983,073 | ||||||
3.00% due 10/20/2052(2) |
1,100,000 | 969,987 | ||||||
3.50% due 10/20/2052(2) |
700,000 | 635,080 | ||||||
4.00% due 10/20/2052(2) |
725,000 | 676,097 | ||||||
4.50% due 10/20/2052(2) |
200,000 | 191,166 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities (continued) |
||||||||
Uniform Mortgage-Backed Security |
||||||||
2.00% due 10/13/2052(2) |
$ | 3,175,000 | $ | 2,566,784 | ||||
2.50% due 10/18/2037(2) |
525,000 | 474,992 | ||||||
2.50% due 10/13/2052(2) |
2,500,000 | 2,097,590 | ||||||
3.00% due 10/13/2052(2) |
1,625,000 | 1,411,720 | ||||||
3.50% due 10/18/2037(2) |
75,000 | 70,863 | ||||||
3.50% due 10/13/2052(2) |
545,000 | 489,798 | ||||||
4.00% due 10/13/2052(2) |
850,000 | 787,774 | ||||||
4.50% due 10/13/2052(2) |
1,365,000 | 1,298,859 | ||||||
5.00% due 10/13/2052(2) |
710,000 | 691,646 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
21,108,783 | |||||||
|
|
|||||||
AssetBacked Securities 0.2% |
||||||||
New Economy Assets Phase 1 Sponsor LLC |
||||||||
2021-1 A1 |
||||||||
1.91% due 10/20/2061(3) |
235,000 | 200,991 | ||||||
Vantage Data Centers Issuer LLC |
||||||||
2021-1A A2 |
||||||||
2.165% due 10/15/2046(3) |
200,000 | 173,039 | ||||||
|
|
|||||||
Total AssetBacked Securities |
374,030 | |||||||
|
|
|||||||
Corporate Bonds & Notes 8.9% |
||||||||
Aerospace & Defense 0.2% |
||||||||
BAE Systems Holdings, Inc. |
||||||||
3.85% due 12/15/2025(3) |
420,000 | 400,101 | ||||||
Raytheon Technologies Corp. |
||||||||
3.95% due 8/16/2025 |
88,000 | 85,827 | ||||||
|
|
|||||||
485,928 | ||||||||
|
|
|||||||
Agriculture 0.2% |
||||||||
BAT Capital Corp. |
||||||||
3.557% due 8/15/2027 |
526,000 | 461,870 | ||||||
|
|
|||||||
461,870 | ||||||||
|
|
|||||||
Airlines 0.0% |
||||||||
United Airlines Pass-Through Trust |
||||||||
2016-1 AA |
||||||||
3.10% due 7/7/2028 |
44,170 | 37,573 | ||||||
|
|
|||||||
37,573 | ||||||||
|
|
|||||||
Auto Manufacturers 0.1% |
||||||||
Hyundai Capital America |
||||||||
0.80% due 4/3/2023(3) |
221,000 | 216,262 | ||||||
|
|
|||||||
216,262 | ||||||||
|
|
|||||||
Commercial Banks 2.2% |
||||||||
Bank of America Corp. |
||||||||
1.734% (1.734% fixed rate until 7/22/2026; SOFR + 0.96% thereafter) due 7/22/2027(4) |
256,000 | 219,617 | ||||||
2.299% (2.299% fixed rate until 7/21/2031; SOFR + 1.22% thereafter) due 7/21/2032(4) |
185,000 | 138,430 | ||||||
Barclays PLC |
||||||||
2.894% (2.894% fixed rate until 11/24/2031; H15T1Y + 1.30% thereafter) due 11/24/2032(4) |
212,000 | 153,418 | ||||||
BPCE SA |
||||||||
5.15% due 7/21/2024(3) |
353,000 | 344,210 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Commercial Banks (continued) |
||||||||
Citigroup, Inc. |
||||||||
3.50% due 5/15/2023 |
$ | 176,000 | $ | 174,712 | ||||
Credit Suisse Group AG |
||||||||
3.091% (3.091% fixed rate until 5/14/2031; SOFR + 1.73% thereafter) due 5/14/2032(3)(4) |
544,000 | 382,492 | ||||||
6.442% (6.442% fixed rate until 8/11/2027; SOFR + 3.70% thereafter) due 8/11/2028(3)(4) |
330,000 | 306,949 | ||||||
Danske Bank A/S |
||||||||
1.621% (1.621% fixed rate until 9/11/2025; H15T1Y + 1.35% thereafter) due 9/11/2026(3)(4) |
256,000 | 221,248 | ||||||
Goldman Sachs Group, Inc. |
||||||||
1.431% (1.431% fixed rate until 3/9/2026; SOFR + 0.80% thereafter) due 3/9/2027(4) |
291,000 | 250,464 | ||||||
3.50% due 1/23/2025 |
500,000 | 480,555 | ||||||
HSBC Holdings PLC |
||||||||
1.589% (1.589% fixed rate until 5/24/2026; SOFR + 1.29% thereafter) due 5/24/2027(4) |
291,000 | 243,253 | ||||||
2.099% (2.099% fixed rate until 6/4/2025; SOFR + 1.93% thereafter) due 6/4/2026(4) |
445,000 | 398,809 | ||||||
2.206% (2.206% fixed rate until 8/17/2028; SOFR + 1.29% thereafter) due 8/17/2029(4) |
250,000 | 194,257 | ||||||
Morgan Stanley |
||||||||
1.928% (1.928% fixed rate until 4/28/2031; SOFR + 1.02% thereafter) due 4/28/2032(4) |
123,000 | 90,447 | ||||||
2.511% (2.511% fixed rate until 10/20/2031; SOFR + 1.20% thereafter) due 10/20/2032(4) |
644,000 | 492,943 | ||||||
4.35% due 9/8/2026 |
268,000 | 255,932 | ||||||
PNC Financial Services Group, Inc. |
||||||||
3.90% due 4/29/2024 |
29,000 | 28,577 | ||||||
UBS Group AG |
||||||||
1.494% (1.494% fixed rate until 8/10/2026; H15T1Y + 0.85% thereafter) due 8/10/2027(3)(4) |
226,000 | 189,856 | ||||||
Wells Fargo & Co. |
||||||||
3.00% due 2/19/2025 |
88,000 | 83,625 | ||||||
|
|
|||||||
4,649,794 | ||||||||
|
|
|||||||
Computers 0.1% |
||||||||
Kyndryl Holdings, Inc. |
||||||||
3.15% due 10/15/2031 |
309,000 | 204,351 | ||||||
|
|
|||||||
204,351 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Diversified Financial Services 0.6% |
||||||||
Aviation Capital Group LLC |
||||||||
1.95% due 9/20/2026(3) |
$ | 241,000 | $ | 195,193 | ||||
Avolon Holdings Funding Ltd. |
||||||||
2.528% due 11/18/2027(3) |
328,000 | 259,382 | ||||||
Capital One Financial Corp. |
||||||||
4.20% due 10/29/2025 |
62,000 | 59,489 | ||||||
Intercontinental Exchange, Inc. |
||||||||
4.00% due 9/15/2027 |
234,000 | 221,891 | ||||||
4.35% due 6/15/2029 |
590,000 | 557,727 | ||||||
|
|
|||||||
1,293,682 | ||||||||
|
|
|||||||
Electric 1.6% |
||||||||
Alabama Power Co. |
||||||||
20-A |
||||||||
1.45% due 9/15/2030 |
18,000 | 13,768 | ||||||
American Transmission Systems, Inc. |
||||||||
2.65% due 1/15/2032(3) |
171,000 | 134,933 | ||||||
Appalachian Power Co. |
||||||||
3.40% due 6/1/2025 |
118,000 | 113,294 | ||||||
Consolidated Edison Co. of New York, Inc. |
||||||||
3.20% due 12/1/2051 |
123,000 | 81,724 | ||||||
4.50% due 5/15/2058 |
155,000 | 122,070 | ||||||
Duke Energy Corp. |
||||||||
2.65% due 9/1/2026 |
41,000 | 37,195 | ||||||
3.75% due 4/15/2024 |
132,000 | 129,759 | ||||||
4.50% due 8/15/2032 |
560,000 | 506,498 | ||||||
5.00% due 8/15/2052 |
45,000 | 38,438 | ||||||
Enel Finance International NV |
||||||||
5.00% due 6/15/2032(3) |
385,000 | 329,002 | ||||||
Georgia Power Co. |
||||||||
4.75% due 9/1/2040 |
38,000 | 31,725 | ||||||
5.125% due 5/15/2052 |
505,000 | 456,283 | ||||||
ITC Holdings Corp. |
||||||||
4.95% due 9/22/2027(3) |
70,000 | 68,275 | ||||||
Mid-Atlantic Interstate Transmission LLC |
||||||||
4.10% due 5/15/2028(3) |
235,000 | 217,685 | ||||||
Niagara Mohawk Power Corp. |
||||||||
1.96% due 6/27/2030(3) |
197,000 | 152,208 | ||||||
Oglethorpe Power Corp. |
||||||||
4.50% due 4/1/2047(3) |
255,000 | 199,790 | ||||||
Oncor Electric Delivery Co. LLC |
||||||||
3.70% due 11/15/2028 |
172,000 | 159,482 | ||||||
Pacific Gas and Electric Co. |
||||||||
5.90% due 6/15/2032 |
115,000 | 104,952 | ||||||
Pennsylvania Electric Co. |
||||||||
3.60% due 6/1/2029(3) |
34,000 | 30,248 | ||||||
Southern California Edison Co. |
||||||||
3.70% due 8/1/2025 |
26,000 | 25,005 | ||||||
4.00% due 4/1/2047 |
29,000 | 21,196 | ||||||
4.65% due 10/1/2043 |
12,000 | 9,856 | ||||||
Southern Co. |
||||||||
2.95% due 7/1/2023 |
171,000 | 168,750 | ||||||
Texas Electric Market Stabilization Funding LLC |
||||||||
4.265% due 8/1/2034(3) |
215,000 | 208,017 | ||||||
|
|
|||||||
3,360,153 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Gas 0.2% |
||||||||
Boston Gas Co. |
||||||||
3.15% due 8/1/2027(3) |
$ | 35,000 | $ | 31,141 | ||||
CenterPoint Energy Resources Corp. |
||||||||
3.60% (LIBOR 3 Month + 0.50%) due 3/2/2023(4) |
4,000 | 3,992 | ||||||
KeySpan Gas East Corp. |
||||||||
2.742% due 8/15/2026(3) |
162,000 | 144,705 | ||||||
Southern California Gas Co. |
||||||||
2.95% due 4/15/2027 |
165,000 | 150,671 | ||||||
|
|
|||||||
330,509 | ||||||||
|
|
|||||||
Healthcare-Services 0.5% |
||||||||
Aetna, Inc. |
||||||||
2.80% due 6/15/2023 |
123,000 | 121,339 | ||||||
Bon Secours Mercy Health, Inc. |
||||||||
2.095% due 6/1/2031 |
200,000 | 155,510 | ||||||
CommonSpirit Health |
||||||||
2.782% due 10/1/2030 |
165,000 | 131,503 | ||||||
3.91% due 10/1/2050 |
35,000 | 24,946 | ||||||
Elevance Health, Inc. |
||||||||
2.375% due 1/15/2025 |
430,000 | 405,632 | ||||||
3.50% due 8/15/2024 |
44,000 | 42,989 | ||||||
Kaiser Foundation Hospitals |
||||||||
3.002% due 6/1/2051 |
100,000 | 66,076 | ||||||
Sutter Health |
||||||||
2.294% due 8/15/2030 |
50,000 | 40,221 | ||||||
UnitedHealth Group, Inc. |
||||||||
4.20% due 5/15/2032 |
75,000 | 69,733 | ||||||
4.75% due 5/15/2052 |
10,000 | 8,942 | ||||||
|
|
|||||||
1,066,891 | ||||||||
|
|
|||||||
Insurance 0.9% |
||||||||
Athene Global Funding |
||||||||
1.716% due 1/7/2025(3) |
445,000 | 406,054 | ||||||
2.50% due 3/24/2028(3) |
382,000 | 317,996 | ||||||
CNO Global Funding |
||||||||
2.65% due 1/6/2029(3) |
312,000 | 259,362 | ||||||
Corebridge Financial, Inc. |
||||||||
3.90% due 4/5/2032(3) |
465,000 | 392,413 | ||||||
Equitable Financial Life Global Funding |
||||||||
1.40% due 8/27/2027(3) |
162,000 | 134,536 | ||||||
Five Corners Funding Trust II |
||||||||
2.85% due 5/15/2030(3) |
100,000 | 83,028 | ||||||
Liberty Mutual Group, Inc. |
||||||||
5.50% due 6/15/2052(3) |
360,000 | 313,830 | ||||||
Northwestern Mutual Life Insurance Co. |
||||||||
3.625% due 9/30/2059(3) |
18,000 | 12,442 | ||||||
|
|
|||||||
1,919,661 | ||||||||
|
|
|||||||
Media 0.4% |
||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
125,000 | 97,839 | ||||||
2.80% due 4/1/2031 |
290,000 | 220,031 | ||||||
Comcast Corp. |
||||||||
3.95% due 10/15/2025 |
620,000 | 603,068 | ||||||
|
|
|||||||
920,938 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing 0.1% |
||||||||
Eaton Corp. |
||||||||
4.15% due 3/15/2033 |
90,000 | 81,308 | ||||||
4.70% due 8/23/2052 |
20,000 | 17,565 | ||||||
|
|
|||||||
98,873 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Oil & Gas 0.4% |
||||||||
Equinor ASA |
||||||||
3.00% due 4/6/2027 |
$ | 359,000 | $ | 332,154 | ||||
3.125% due 4/6/2030 |
24,000 | 21,091 | ||||||
Hess Corp. |
||||||||
5.60% due 2/15/2041 |
85,000 | 74,499 | ||||||
7.30% due 8/15/2031 |
271,000 | 286,504 | ||||||
|
|
|||||||
714,248 | ||||||||
|
|
|||||||
Pipelines 0.2% |
||||||||
Eastern Gas Transmission & Storage, Inc. |
||||||||
3.60% due 12/15/2024 |
24,000 | 23,108 | ||||||
Energy Transfer LP |
||||||||
4.95% due 6/15/2028 |
12,000 | 11,215 | ||||||
Enterprise Products Operating LLC |
||||||||
3.20% due 2/15/2052 |
29,000 | 18,554 | ||||||
Gray Oak Pipeline LLC |
||||||||
2.60% due 10/15/2025(3) |
85,000 | 76,350 | ||||||
3.45% due 10/15/2027(3) |
15,000 | 13,223 | ||||||
Sabine Pass Liquefaction LLC |
||||||||
4.50% due 5/15/2030 |
385,000 | 350,839 | ||||||
|
|
|||||||
493,289 | ||||||||
|
|
|||||||
Semiconductors 0.4% |
||||||||
Broadcom, Inc. |
||||||||
2.60% due 2/15/2033(3) |
350,000 | 250,677 | ||||||
3.419% due 4/15/2033(3) |
176,000 | 135,034 | ||||||
4.30% due 11/15/2032 |
29,000 | 24,428 | ||||||
Intel Corp. |
||||||||
4.15% due 8/5/2032 |
210,000 | 191,663 | ||||||
QUALCOMM, Inc. |
||||||||
4.25% due 5/20/2032 |
175,000 | 165,267 | ||||||
|
|
|||||||
767,069 | ||||||||
|
|
|||||||
Software 0.1% |
||||||||
Oracle Corp. |
||||||||
3.25% due 11/15/2027 |
82,000 | 73,050 | ||||||
3.60% due 4/1/2050 |
118,000 | 73,828 | ||||||
3.85% due 4/1/2060 |
41,000 | 24,780 | ||||||
3.95% due 3/25/2051 |
147,000 | 97,589 | ||||||
|
|
|||||||
269,247 | ||||||||
|
|
|||||||
Telecommunications 0.4% |
||||||||
AT&T, Inc. |
||||||||
3.65% due 6/1/2051 |
95,000 | 64,786 | ||||||
3.85% due 6/1/2060 |
19,000 | 12,782 | ||||||
4.30% due 12/15/2042 |
26,000 | 20,573 | ||||||
Verizon Communications, Inc. |
||||||||
2.355% due 3/15/2032 |
402,000 | 309,142 | ||||||
2.625% due 8/15/2026 |
440,000 | 400,224 | ||||||
|
|
|||||||
807,507 | ||||||||
|
|
|||||||
Trucking & Leasing 0.3% |
||||||||
DAE Funding LLC |
||||||||
1.55% due 8/1/2024(3) |
294,000 | 268,698 | ||||||
Penske Truck Leasing Co. LP / PTL Finance Corp. |
||||||||
2.70% due 11/1/2024(3) |
65,000 | 61,204 | ||||||
3.95% due 3/10/2025(3) |
203,000 | 194,848 | ||||||
|
|
|||||||
524,750 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
18,622,595 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Municipals 0.5% |
||||||||
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue |
||||||||
Series A |
||||||||
6.899% due 12/1/2040 |
$ | 50,000 | $ | 55,403 | ||||
Dallas Fort Worth International Airport |
||||||||
Series A |
||||||||
4.087% due 11/1/2051 |
100,000 | 82,305 | ||||||
Metropolitan Transportation Authority |
||||||||
Series C2 |
||||||||
5.175% due 11/15/2049 |
105,000 | 95,018 | ||||||
Municipal Electric Authority of Georgia |
||||||||
6.637% due 4/1/2057 |
150,000 | 157,620 | ||||||
Regents of the University of California Medical Center Pooled Revenue |
||||||||
3.006% due 5/15/2050 |
125,000 | 82,850 | ||||||
State of Illinois |
||||||||
5.10% due 6/1/2033 |
700,000 | 665,406 | ||||||
|
|
|||||||
Total Municipals |
1,138,602 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 1.0% |
||||||||
BX Commercial Mortgage Trust |
||||||||
2021-VOLT A |
||||||||
3.518% due 9/15/2036(3)(4)(5) |
425,000 | 411,755 | ||||||
BXHPP Trust |
||||||||
2021-FILM A |
||||||||
3.468% due 8/15/2036(3)(4)(5) |
225,000 | 216,435 | ||||||
Fannie Mae REMICS |
||||||||
2013-36 Z 3.00% due 4/25/2043 |
258,899 | 236,127 | ||||||
2013-83 NZ 3.50% due 8/25/2043 |
274,059 | 255,737 | ||||||
2020-27 HC 1.50% due 10/25/2049 |
447,670 | 357,672 | ||||||
Freddie Mac Multifamily WI Certificates |
||||||||
K150 A2 |
||||||||
3.71% due 11/25/2032 |
78,000 | 72,465 | ||||||
Freddie Mac REMICS |
||||||||
5170 DP |
||||||||
2.00% due 7/25/2050 |
278,000 | 239,107 | ||||||
Freddie Mac REMICS |
||||||||
3967 ZP |
||||||||
4.00% due 9/15/2041 |
269,356 | 257,570 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
2,046,868 | |||||||
|
|
|||||||
U.S. Government Securities 14.3% |
||||||||
U.S. Treasury Bond |
||||||||
2.25% due 2/15/2052 |
3,190,000 | 2,316,239 | ||||||
2.375% due 2/15/2042 |
5,275,000 | 4,041,969 | ||||||
2.875% due 5/15/2052 |
500,000 | 419,141 | ||||||
3.00% due 8/15/2052 |
220,000 | 189,887 | ||||||
3.25% due 5/15/2042 |
25,000 | 22,184 | ||||||
3.375% due 8/15/2042 |
575,000 | 520,914 | ||||||
U.S. Treasury Note |
||||||||
2.50% due 4/30/2024 |
4,990,000 | 4,850,436 | ||||||
2.625% due 4/15/2025 |
5,640,000 | 5,415,722 | ||||||
2.625% due 5/31/2027 |
210,000 | 197,137 | ||||||
2.75% due 4/30/2027 |
7,595,000 | 7,168,375 | ||||||
2.75% due 7/31/2027 |
195,000 | 183,635 | ||||||
2.75% due 5/31/2029 |
150,000 | 138,961 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
U.S. Government Securities (continued) |
||||||||
2.75% due 8/15/2032 |
$ | 1,225,000 | $ | 1,120,683 | ||||
2.875% due 4/30/2029 |
20,000 | 18,675 | ||||||
3.125% due 8/15/2025 |
280,000 | 271,425 | ||||||
3.125% due 8/31/2027 |
895,000 | 858,571 | ||||||
3.25% due 8/31/2024 |
815,000 | 800,260 | ||||||
3.25% due 6/30/2027 |
520,000 | 501,231 | ||||||
3.25% due 6/30/2029 |
520,000 | 497,169 | ||||||
3.50% due 9/15/2025 |
300,000 | 293,906 | ||||||
|
|
|||||||
Total U.S. Government Securities |
29,826,520 | |||||||
|
|
|||||||
ShortTerm Investments 10.6% |
||||||||
U.S. Treasury Bills 0.3% |
||||||||
U.S. Treasury Bill |
||||||||
3.706% due 4/20/2023(6) |
554,300 | 543,247 | ||||||
|
|
|||||||
Total U.S. Treasury Bills |
543,247 | |||||||
|
|
|||||||
Repurchase Agreements 10.3% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
21,514,058 | 21,514,058 | ||||||
|
|
|||||||
Total Repurchase Agreements |
21,514,058 | |||||||
|
|
|||||||
Total Investments 108.2% |
225,791,915 | |||||||
|
|
|||||||
Liabilities in excess of other assets(8) (8.2)% |
(17,126,324 | ) | ||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 208,665,591 | ||||||
|
|
(1) | Nonincomeproducing security. |
(2) | TBA To be announced. |
(3) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $7,953,612, representing 3.8% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(4) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(5) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(6) | Interest rate shown reflects the discount rate at time of purchase. |
(7) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 22,914,700 | $ | 21,944,400 |
(8) | Liabilities in excess of other assets include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 2 | Long | $ | 230,004 | $ | 224,125 | $ | (5,879 | ) | ||||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 15 | Long | 1,633,993 | 1,612,617 | (21,376 | ) | |||||||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 2 | Long | 235,160 | 236,969 | 1,809 | ||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 2,099,157 | $ | 2,073,711 | $ | (25,446 | ) | ||||||||||||||||
|
|
|
|
|
|
Legend:
ADR American Depositary Receipt
H15T1Y 1-year Constant Maturity Treasury Rate
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN BALANCED ALLOCATION VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 130,617,212 | $ | | $ | | $ | 130,617,212 | ||||||||
Agency MortgageBacked Securities |
| 21,108,783 | | 21,108,783 | ||||||||||||
AssetBacked Securities |
| 374,030 | | 374,030 | ||||||||||||
Corporate Bonds & Notes |
| 18,622,595 | | 18,622,595 | ||||||||||||
Municipals |
| 1,138,602 | | 1,138,602 | ||||||||||||
NonAgency MortgageBacked Securities |
| 2,046,868 | | 2,046,868 | ||||||||||||
U.S. Government Securities |
| 29,826,520 | | 29,826,520 | ||||||||||||
U.S. Treasury Bills |
| 543,247 | | 543,247 | ||||||||||||
Repurchase Agreements |
| 21,514,058 | | 21,514,058 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 130,617,212 | $ | 95,174,703 | $ | | $ | 225,791,915 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 1,809 | $ | | $ | | $ | 1,809 | ||||||||
Liabilities |
(27,255 | ) | | | (27,255 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (25,446 | ) | $ | | $ | | $ | (25,446 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 6.7% |
||||||||
Federal Home Loan Mortgage Corp. |
||||||||
3.00% due 3/1/2052 |
$ | 2,882,357 | $ | 2,507,456 | ||||
3.50% due 6/1/2052 |
6,846,818 | 6,161,012 | ||||||
4.00% due 10/1/2037 |
500,000 | 482,795 | ||||||
4.00% due 6/1/2052 |
3,273,241 | 3,035,843 | ||||||
Federal National Mortgage Association |
||||||||
3.00% due 5/1/2052 |
1,552,724 | 1,350,384 | ||||||
3.00% due 5/1/2052 |
8,425,106 | 7,327,209 | ||||||
3.50% due 6/1/2052 |
5,101,752 | 4,590,561 | ||||||
4.00% due 6/1/2052 |
5,092,601 | 4,723,196 | ||||||
Uniform Mortgage-Backed Security |
||||||||
4.50% due 10/13/2052(1) |
500,000 | 475,773 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
30,654,229 | |||||||
|
|
|||||||
AssetBacked Securities 16.3% |
||||||||
Aligned Data Centers Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.937% due 8/15/2046(2) |
2,016,000 | 1,731,612 | ||||||
Ally Auto Receivables Trust |
||||||||
2022-1 A3 |
||||||||
3.31% due 11/15/2026 |
3,850,000 | 3,741,364 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
2020-3 C |
||||||||
1.06% due 8/18/2026 |
2,625,000 | 2,455,900 | ||||||
Anchorage Capital CLO 21 Ltd. |
||||||||
2021-21A B |
||||||||
4.46% (LIBOR 3 Month + 1.75%) due 10/20/2034(2)(3) |
1,750,000 | 1,633,975 | ||||||
Ares XXVII CLO Ltd. |
||||||||
2013-2A BR2 |
||||||||
4.443% (LIBOR 3 Month + 1.65%) due 10/28/2034(2)(3) |
2,000,000 | 1,848,200 | ||||||
Ares XXVIIIR CLO Ltd. |
||||||||
2018-28RA A2 |
||||||||
4.14% (LIBOR 3 Month + 1.40%) due 10/17/2030(2)(3) |
2,400,000 | 2,259,600 | ||||||
BA Credit Card Trust |
||||||||
2020-A1 A1 |
||||||||
0.34% due 5/15/2026 |
3,850,000 | 3,656,046 | ||||||
Benefit Street Partners CLO XVI Ltd. |
||||||||
2018-16A BR |
||||||||
4.29% (LIBOR 3 Month + 1.55%) due 1/17/2032(2)(3) |
2,800,000 | 2,644,040 | ||||||
BMW Vehicle Owner Trust |
||||||||
2022-A A3 |
||||||||
3.21% due 8/25/2026 |
2,500,000 | 2,434,116 | ||||||
Canyon Capital CLO Ltd. |
||||||||
2022-1A B |
||||||||
2.381% (SOFR + 1.85%) due 4/15/2035(2)(3) |
2,000,000 | 1,865,200 | ||||||
CarMax Auto Owner Trust |
||||||||
2020-4 B |
||||||||
0.85% due 6/15/2026 |
2,200,000 | 2,023,296 | ||||||
Dryden Senior Loan Fund |
||||||||
2017-47A CR |
||||||||
4.562% (LIBOR 3 Month + 2.05%) due 4/15/2028(2)(3) |
2,100,000 | 2,033,430 | ||||||
Exeter Automobile Receivables Trust |
||||||||
2022-2A A3 |
||||||||
2.80% due 11/17/2025 |
2,450,000 | 2,410,797 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Ford Credit Auto Owner Trust |
||||||||
2020-1 A |
||||||||
2.04% due 8/15/2031(2) |
$ | 2,400,000 | $ | 2,232,877 | ||||
Ford Credit Floorplan Master Owner Trust |
||||||||
2020-2 A |
||||||||
1.06% due 9/15/2027 |
2,600,000 | 2,328,818 | ||||||
GM Financial Automobile Leasing Trust |
||||||||
2022-2 A3 |
||||||||
3.42% due 6/20/2025 |
2,760,000 | 2,710,000 | ||||||
GM Financial Consumer Automobile Receivables Trust |
||||||||
2020-4 A4 |
||||||||
0.50% due 2/17/2026 |
3,579,000 | 3,357,377 | ||||||
Hertz Vehicle Financing III LLC |
||||||||
2022-3A A |
||||||||
3.37% due 3/25/2025(2) |
2,140,000 | 2,090,390 | ||||||
Hyundai Auto Lease Securitization Trust |
||||||||
2022-B A3 |
||||||||
3.35% due 6/16/2025(2) |
2,800,000 | 2,742,529 | ||||||
Hyundai Auto Receivables Trust |
||||||||
2022-A A3 |
||||||||
2.22% due 10/15/2026 |
2,650,000 | 2,541,882 | ||||||
Jamestown CLO XI Ltd. |
||||||||
2018-11A A2 |
||||||||
4.183% (LIBOR 3 Month + 1.70%) due 7/14/2031(2)(3) |
2,800,000 | 2,664,200 | ||||||
Master Credit Card Trust |
||||||||
2021-1A A |
||||||||
0.53% due 11/21/2025(2) |
3,120,000 | 2,899,578 | ||||||
Neuberger Berman Loan Advisers CLO 26 Ltd. |
||||||||
2017-26A BR |
||||||||
4.14% (LIBOR 3 Month + 1.40%) due 10/18/2030(2)(3) |
1,050,000 | 991,515 | ||||||
OHA Credit Partners XIV Ltd. |
||||||||
2017-14A B |
||||||||
4.232% (LIBOR 3 Month + 1.50%) due 1/21/2030(2)(3) |
2,000,000 | 1,903,400 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
2022-3 A3 |
||||||||
3.40% due 12/15/2026 |
2,800,000 | 2,747,203 | ||||||
Synchrony Card Funding LLC |
||||||||
2022-A1 A |
||||||||
3.37% due 4/15/2028 |
3,100,000 | 3,004,109 | ||||||
Toyota Auto Loan Extended Note Trust |
||||||||
2021-1A A |
||||||||
1.07% due 2/27/2034(2) |
2,175,000 | 1,921,701 | ||||||
Verizon Owner Trust |
||||||||
2020-C A |
||||||||
0.41% due 4/21/2025 |
2,800,000 | 2,742,575 | ||||||
Volkswagen Auto Lease Trust |
||||||||
2020-A A4 |
||||||||
0.45% due 7/21/2025 |
2,400,000 | 2,347,508 | ||||||
Voya CLO Ltd. |
||||||||
2015-3A A3R |
||||||||
4.41% (LIBOR 3 Month + 1.70%) due 10/20/2031(2)(3) |
2,000,000 | 1,886,800 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
||||||||
World Omni Auto Receivables Trust |
||||||||
2021-B A4 |
||||||||
0.69% due 6/15/2027 |
$ | 2,800,000 | $ | 2,565,850 | ||||
|
|
|||||||
Total AssetBacked Securities |
74,415,888 | |||||||
|
|
|||||||
Corporate Bonds & Notes 25.3% |
||||||||
Aerospace & Defense 0.4% |
||||||||
Boeing Co. |
||||||||
5.15% due 5/1/2030 |
900,000 | 833,391 | ||||||
5.805% due 5/1/2050 |
300,000 | 261,060 | ||||||
Northrop Grumman Corp. |
||||||||
5.25% due 5/1/2050 |
600,000 | 574,170 | ||||||
|
|
|||||||
1,668,621 | ||||||||
|
|
|||||||
Agriculture 0.6% |
||||||||
Cargill, Inc. |
||||||||
2.125% due 11/10/2031(2) |
3,600,000 | 2,804,508 | ||||||
|
|
|||||||
2,804,508 | ||||||||
|
|
|||||||
Apparel 0.2% |
||||||||
NIKE, Inc. |
||||||||
2.85% due 3/27/2030 |
1,200,000 | 1,044,324 | ||||||
|
|
|||||||
1,044,324 | ||||||||
|
|
|||||||
Beverages 0.6% |
||||||||
Anheuser-Busch InBev Worldwide, Inc. |
||||||||
3.50% due 6/1/2030 |
1,200,000 | 1,070,688 | ||||||
PepsiCo, Inc. |
||||||||
1.95% due 10/21/2031 |
2,100,000 | 1,671,327 | ||||||
|
|
|||||||
2,742,015 | ||||||||
|
|
|||||||
Commercial Banks 5.0% |
||||||||
Bank of America Corp. |
||||||||
4.271% (4.271% fixed rate until 7/23/2028; LIBOR 3 Month + 1.31% thereafter) due 7/23/2029(3) |
6,500,000 | 5,930,015 | ||||||
Credit Suisse Group AG |
||||||||
4.207% (4.207% fixed rate until 6/12/2023; LIBOR 3 Month + 1.24% thereafter) due 6/12/2024(2)(3) |
800,000 | 783,488 | ||||||
Goldman Sachs Group, Inc. |
||||||||
4.223% (4.223% fixed rate until 5/1/2028; LIBOR 3 Month + 1.30% thereafter) due 5/1/2029(3) |
2,000,000 | 1,821,260 | ||||||
4.387% (4.387% fixed rate until 6/15/2026; SOFR + 1.51% thereafter) due 6/15/2027(3) |
200,000 | 190,504 | ||||||
Huntington National Bank |
||||||||
4.552% (4.552% fixed rate until 5/17/2027; SOFR + 1.65% thereafter) due 5/17/2028(3) |
2,400,000 | 2,309,160 | ||||||
JPMorgan Chase & Co. |
||||||||
4.203% (4.203% fixed rate until 7/23/2028; LIBOR 3 Month + 1.26% thereafter) due 7/23/2029(3) |
5,100,000 | 4,639,164 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Commercial Banks (continued) |
||||||||
Mitsubishi UFJ Financial Group, Inc. |
||||||||
5.354% (5.354% fixed rate until 9/13/2027; H15T1Y + 1.90% thereafter) due 9/13/2028(3) |
$ | 500,000 | $ | 487,430 | ||||
Morgan Stanley |
||||||||
3.772% (3.772% fixed rate until 1/24/2028; LIBOR 3 Month + 1.14% thereafter) due 1/24/2029(3) |
5,400,000 | 4,866,102 | ||||||
UBS Group AG |
||||||||
4.751% (4.751% fixed rate until 5/12/2027; H15T1Y + 1.75% thereafter) due 5/12/2028(2)(3) |
1,700,000 | 1,595,654 | ||||||
|
|
|||||||
22,622,777 | ||||||||
|
|
|||||||
Computers 0.2% |
||||||||
Apple, Inc. |
||||||||
2.65% due 2/8/2051 |
500,000 | 328,090 | ||||||
2.90% due 9/12/2027 |
700,000 | 645,876 | ||||||
|
|
|||||||
973,966 | ||||||||
|
|
|||||||
Cosmetics & Personal Care 0.8% |
||||||||
Estee Lauder Cos., Inc. |
||||||||
2.60% due 4/15/2030 |
2,300,000 | 1,951,251 | ||||||
GSK Consumer Healthcare Capital U.S. LLC |
||||||||
3.625% due 3/24/2032(2) |
1,900,000 | 1,609,376 | ||||||
|
|
|||||||
3,560,627 | ||||||||
|
|
|||||||
Diversified Financial Services 0.6% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
2.45% due 10/29/2026 |
1,600,000 | 1,352,720 | ||||||
3.00% due 10/29/2028 |
550,000 | 443,421 | ||||||
Capital One Financial Corp. |
||||||||
4.927% (4.927% fixed rate until 5/10/2027; SOFR + 2.06% thereafter) due 5/10/2028(3) |
900,000 | 856,674 | ||||||
|
|
|||||||
2,652,815 | ||||||||
|
|
|||||||
Electric 1.2% |
||||||||
Alabama Power Co. |
||||||||
3.94% due 9/1/2032 |
1,000,000 | 901,370 | ||||||
Consumers Energy Co. |
||||||||
3.60% due 8/15/2032 |
700,000 | 625,569 | ||||||
4.20% due 9/1/2052 |
600,000 | 498,726 | ||||||
Duke Energy Corp. |
||||||||
3.50% due 6/15/2051 |
1,700,000 | 1,146,599 | ||||||
NextEra Energy Capital Holdings, Inc. |
||||||||
5.00% due 7/15/2032 |
700,000 | 669,123 | ||||||
Tampa Electric Co. |
||||||||
5.00% due 7/15/2052 |
1,300,000 | 1,188,161 | ||||||
Wisconsin Public Service Corp. |
||||||||
2.85% due 12/1/2051 |
800,000 | 516,416 | ||||||
|
|
|||||||
5,545,964 | ||||||||
|
|
|||||||
Electronics 0.4% |
||||||||
Honeywell International, Inc. |
||||||||
1.75% due 9/1/2031 |
2,200,000 | 1,717,936 | ||||||
|
|
|||||||
1,717,936 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Entertainment 0.2% |
||||||||
Warnermedia Holdings, Inc. |
||||||||
4.279% due 3/15/2032(2) |
$ | 1,200,000 | $ | 988,032 | ||||
|
|
|||||||
988,032 | ||||||||
|
|
|||||||
Environmental Control 0.5% |
||||||||
Waste Management, Inc. |
||||||||
4.15% due 4/15/2032 |
2,700,000 | 2,499,768 | ||||||
|
|
|||||||
2,499,768 | ||||||||
|
|
|||||||
Food 0.6% |
||||||||
Kraft Heinz Foods Co. |
||||||||
3.75% due 4/1/2030 |
1,400,000 | 1,234,002 | ||||||
Kroger Co. |
||||||||
1.70% due 1/15/2031 |
1,800,000 | 1,353,114 | ||||||
|
|
|||||||
2,587,116 | ||||||||
|
|
|||||||
Healthcare-Products 0.4% |
||||||||
Abbott Laboratories |
||||||||
4.75% due 11/30/2036 |
2,000,000 | 1,953,700 | ||||||
|
|
|||||||
1,953,700 | ||||||||
|
|
|||||||
Healthcare-Services 0.3% |
||||||||
UnitedHealth Group, Inc. |
||||||||
2.30% due 5/15/2031 |
1,700,000 | 1,367,480 | ||||||
|
|
|||||||
1,367,480 | ||||||||
|
|
|||||||
Insurance 1.6% |
||||||||
Athene Holding Ltd. |
||||||||
3.50% due 1/15/2031 |
1,500,000 | 1,200,570 | ||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
2,300,000 | 1,737,121 | ||||||
CNA Financial Corp. |
||||||||
2.05% due 8/15/2030 |
1,400,000 | 1,070,720 | ||||||
Hartford Financial Services Group, Inc. |
||||||||
2.80% due 8/19/2029 |
1,900,000 | 1,603,296 | ||||||
MetLife, Inc. |
||||||||
4.55% due 3/23/2030 |
400,000 | 383,440 | ||||||
5.00% due 7/15/2052 |
300,000 | 273,510 | ||||||
Willis North America, Inc. |
||||||||
2.95% due 9/15/2029 |
1,330,000 | 1,094,178 | ||||||
|
|
|||||||
7,362,835 | ||||||||
|
|
|||||||
Internet 0.3% |
||||||||
Amazon.com, Inc. |
||||||||
1.65% due 5/12/2028 |
1,700,000 | 1,444,609 | ||||||
|
|
|||||||
1,444,609 | ||||||||
|
|
|||||||
Machinery-Construction & Mining 0.2% |
||||||||
Caterpillar, Inc. |
||||||||
2.60% due 4/9/2030 |
1,000,000 | 853,290 | ||||||
|
|
|||||||
853,290 | ||||||||
|
|
|||||||
Machinery-Diversified 0.9% |
||||||||
John Deere Capital Corp. |
||||||||
4.35% due 9/15/2032 |
4,200,000 | 3,993,150 | ||||||
|
|
|||||||
3,993,150 | ||||||||
|
|
|||||||
Media 0.4% |
||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
800,000 | 626,168 | ||||||
3.90% due 6/1/2052 |
800,000 | 499,144 | ||||||
Comcast Corp. |
||||||||
1.95% due 1/15/2031 |
900,000 | 699,408 | ||||||
2.887% due 11/1/2051 |
400,000 | 249,848 | ||||||
|
|
|||||||
2,074,568 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Miscellaneous Manufacturing 1.1% |
||||||||
Parker-Hannifin Corp. |
||||||||
4.25% due 9/15/2027 |
$ | 4,300,000 | $ | 4,095,406 | ||||
4.50% due 9/15/2029 |
1,100,000 | 1,041,172 | ||||||
|
|
|||||||
5,136,578 | ||||||||
|
|
|||||||
Oil & Gas 1.8% |
||||||||
BP Capital Markets America, Inc. |
||||||||
3.06% due 6/17/2041 |
200,000 | 143,034 | ||||||
3.633% due 4/6/2030 |
2,200,000 | 1,978,988 | ||||||
Cenovus Energy, Inc. |
||||||||
2.65% due 1/15/2032 |
400,000 | 309,124 | ||||||
3.75% due 2/15/2052 |
700,000 | 474,348 | ||||||
Hess Corp. |
||||||||
4.30% due 4/1/2027 |
3,700,000 | 3,476,113 | ||||||
Marathon Oil Corp. |
||||||||
4.40% due 7/15/2027 |
2,000,000 | 1,868,160 | ||||||
|
|
|||||||
8,249,767 | ||||||||
|
|
|||||||
Pharmaceuticals 1.4% |
||||||||
AbbVie, Inc. |
||||||||
4.25% due 11/21/2049 |
1,500,000 | 1,203,630 | ||||||
Bristol Myers Squibb Co. |
||||||||
2.95% due 3/15/2032 |
3,300,000 | 2,832,819 | ||||||
3.70% due 3/15/2052 |
500,000 | 383,830 | ||||||
Pfizer, Inc. |
||||||||
1.75% due 8/18/2031 |
2,500,000 | 1,954,525 | ||||||
|
|
|||||||
6,374,804 | ||||||||
|
|
|||||||
Pipelines 0.7% |
||||||||
Kinder Morgan, Inc. |
||||||||
4.80% due 2/1/2033 |
2,300,000 | 2,063,629 | ||||||
ONEOK, Inc. |
||||||||
6.35% due 1/15/2031 |
1,300,000 | 1,275,586 | ||||||
|
|
|||||||
3,339,215 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 1.5% |
||||||||
Essex Portfolio LP |
||||||||
1.70% due 3/1/2028 |
1,200,000 | 973,236 | ||||||
Kimco Realty Corp. |
||||||||
4.60% due 2/1/2033 |
1,800,000 | 1,627,614 | ||||||
Mid-America Apartments LP |
||||||||
3.95% due 3/15/2029 |
1,300,000 | 1,183,858 | ||||||
Prologis LP |
||||||||
2.25% due 4/15/2030 |
1,600,000 | 1,307,488 | ||||||
Simon Property Group LP |
||||||||
2.20% due 2/1/2031 |
2,100,000 | 1,612,653 | ||||||
|
|
|||||||
6,704,849 | ||||||||
|
|
|||||||
Retail 0.6% |
||||||||
AutoZone, Inc. |
||||||||
3.75% due 6/1/2027 |
1,600,000 | 1,501,440 | ||||||
OReilly Automotive, Inc. |
||||||||
4.70% due 6/15/2032 |
1,400,000 | 1,312,136 | ||||||
|
|
|||||||
2,813,576 | ||||||||
|
|
|||||||
Semiconductors 0.4% |
||||||||
Broadcom, Inc. |
||||||||
4.15% due 4/15/2032(2) |
1,600,000 | 1,346,208 | ||||||
NXP BV / NXP Funding LLC / NXP USA, Inc. |
||||||||
2.65% due 2/15/2032 |
400,000 | 299,144 | ||||||
|
|
|||||||
1,645,352 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Software 0.2% |
||||||||
Microsoft Corp. |
||||||||
3.50% due 2/12/2035 |
$ | 1,100,000 | $ | 989,472 | ||||
|
|
|||||||
989,472 | ||||||||
|
|
|||||||
Telecommunications 1.8% |
||||||||
AT&T, Inc. |
||||||||
2.55% due 12/1/2033 |
1,200,000 | 893,004 | ||||||
3.50% due 9/15/2053 |
500,000 | 333,145 | ||||||
T-Mobile USA, Inc. |
||||||||
2.70% due 3/15/2032 |
1,300,000 | 1,017,549 | ||||||
3.40% due 10/15/2052 |
500,000 | 330,420 | ||||||
3.50% due 4/15/2031 |
1,000,000 | 843,920 | ||||||
Verizon Communications, Inc. |
||||||||
2.355% due 3/15/2032 |
2,500,000 | 1,922,525 | ||||||
Vodafone Group PLC |
||||||||
4.375% due 5/30/2028 |
2,300,000 | 2,167,382 | ||||||
4.875% due 6/19/2049 |
800,000 | 631,272 | ||||||
|
|
|||||||
8,139,217 | ||||||||
|
|
|||||||
Transportation 0.4% |
||||||||
Kansas City Southern |
||||||||
3.50% due 5/1/2050 |
500,000 | 349,800 | ||||||
Union Pacific Corp. |
||||||||
2.80% due 2/14/2032 |
1,600,000 | 1,332,048 | ||||||
|
|
|||||||
1,681,848 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
115,532,779 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 6.3% |
||||||||
Benchmark Mortgage Trust |
||||||||
2018-B3 AS |
||||||||
4.195% due 4/10/2051(3)(4) |
2,550,000 | 2,324,750 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2014-GC23 AS |
||||||||
3.863% due 7/10/2047 |
2,750,000 | 2,652,210 | ||||||
Commercial Mortgage Trust |
||||||||
2017-COR2 A3 |
||||||||
3.51% due 9/10/2050 |
2,920,000 | 2,689,339 | ||||||
2019-GC44 AM |
||||||||
3.263% due 8/15/2057 |
2,415,000 | 2,027,353 | ||||||
DBGS Mortgage Trust |
||||||||
2018-C1 AM |
||||||||
4.76% due 10/15/2051(3)(4) |
2,400,000 | 2,227,384 | ||||||
DBUBS Mortgage Trust |
||||||||
2017-BRBK A |
||||||||
3.452% due 10/10/2034(2) |
1,760,000 | 1,670,165 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2022-DNA1 M1A |
||||||||
3.281% due 1/25/2042(2)(3)(4) |
1,391,136 | 1,350,826 | ||||||
Hilton USA Trust |
||||||||
2016-HHV A |
||||||||
3.719% due 11/5/2038(2) |
1,875,000 | 1,720,259 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust |
||||||||
2013-C9 AS |
||||||||
3.456% due 5/15/2046 |
2,190,000 | 2,155,010 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
NonAgency MortgageBacked Securities (continued) |
||||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2015-NXS4 A4 |
||||||||
3.718% due 12/15/2048 |
$ | 3,120,000 | $ | 2,971,541 | ||||
2016-LC25 A4 |
||||||||
3.64% due 12/15/2059 |
3,120,000 | 2,917,177 | ||||||
2018-C43 A4 |
||||||||
4.012% due 3/15/2051(3)(4) |
3,000,000 | 2,812,944 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
975,000 | 948,862 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
28,467,820 | |||||||
|
|
|||||||
U.S. Government Securities 39.2% |
||||||||
U.S. Treasury Bond |
||||||||
2.25% due 2/15/2052 |
29,000,000 | 21,056,719 | ||||||
2.375% due 2/15/2042 |
57,000,000 | 43,676,250 | ||||||
U.S. Treasury Note |
||||||||
1.625% due 8/15/2029 |
111,850,000 | 96,453,148 | ||||||
2.625% due 7/31/2029 |
19,000,000 | 17,462,188 | ||||||
|
|
|||||||
Total U.S. Government Securities |
178,648,305 | |||||||
|
|
|||||||
Shares | Value | |||||||
ExchangeTraded Funds 4.8% |
||||||||
Vanguard Short-Term Inflation-Protected Securities ETF |
456,000 | 21,938,160 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
21,938,160 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 0.6% |
||||||||
Repurchase Agreements 0.6% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 2,773,704 | 2,773,704 | |||||
|
|
|||||||
Total Repurchase Agreements |
2,773,704 | |||||||
|
|
|||||||
Total Investments 99.2% |
452,430,885 | |||||||
|
|
|||||||
Assets in excess of other liabilities(6) 0.8% |
3,844,396 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 456,275,281 | ||||||
|
|
(1) | TBA To be announced. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $47,217,563, representing 10.3% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(4) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(5) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 2,954,300 | $ | 2,829,203 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
(6) | Assets in excess of other liabilities include net unrealized appreciation on futures contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration |
Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 224 | Long | $ | 46,203,090 | $ | 46,007,500 | $ | (195,590 | ) | ||||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 174 | Long | 20,267,083 | 19,498,875 | (768,208 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 66,470,173 | $ | 65,506,375 | $ | (963,798 | ) | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 739 | Short | $ | (82,033,780 | ) | $ | (79,448,274 | ) | $ | 2,585,506 | |||||||||||||
U.S. Long Bond |
December 2022 | 1 | Short | (135,863 | ) | (126,406 | ) | 9,457 | ||||||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2022 | 33 | Short | (4,000,745 | ) | (3,909,984 | ) | 90,761 | ||||||||||||||||
U.S. Ultra Bond |
December 2022 | 32 | Short | (4,590,793 | ) | (4,384,000 | ) | 206,793 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (90,761,181 | ) | $ | (87,868,664 | ) | $ | 2,892,517 | |||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
H15T1Y 1-year Constant Maturity Treasury Rate
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE FIXED INCOME VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency MortgageBacked Securities |
$ | | $ | 30,654,229 | $ | | $ | 30,654,229 | ||||||||
AssetBacked Securities |
| 74,415,888 | | 74,415,888 | ||||||||||||
Corporate Bonds & Notes |
| 115,532,779 | | 115,532,779 | ||||||||||||
NonAgency MortgageBacked Securities |
| 28,467,820 | | 28,467,820 | ||||||||||||
U.S. Government Securities |
| 178,648,305 | | 178,648,305 | ||||||||||||
ExchangeTraded Funds |
21,938,160 | | | 21,938,160 | ||||||||||||
Repurchase Agreements |
| 2,773,704 | | 2,773,704 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 21,938,160 | $ | 430,492,725 | $ | | $ | 452,430,885 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 2,892,517 | $ | | $ | | $ | 2,892,517 | ||||||||
Liabilities |
(963,798 | ) | | | (963,798 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 1,928,719 | $ | | $ | | $ | 1,928,719 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN EQUITY INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.5% |
| |||||||
Aerospace & Defense 3.5% |
| |||||||
General Dynamics Corp. |
10,160 | $ | 2,155,647 | |||||
L3Harris Technologies, Inc. |
6,374 | 1,324,709 | ||||||
Raytheon Technologies Corp. |
15,715 | 1,286,430 | ||||||
|
|
|||||||
4,766,786 | ||||||||
|
|
|||||||
Banks 6.9% |
| |||||||
JPMorgan Chase & Co. |
23,035 | 2,407,157 | ||||||
M&T Bank Corp. |
13,127 | 2,314,553 | ||||||
PNC Financial Services Group, Inc. |
8,961 | 1,338,953 | ||||||
Royal Bank of Canada (Canada) |
17,045 | 1,534,648 | ||||||
Truist Financial Corp. |
38,442 | 1,673,765 | ||||||
|
|
|||||||
9,269,076 | ||||||||
|
|
|||||||
Beverages 1.0% |
| |||||||
Keurig Dr Pepper, Inc. |
37,713 | 1,350,880 | ||||||
|
|
|||||||
1,350,880 | ||||||||
|
|
|||||||
Building Products 1.6% |
| |||||||
Johnson Controls International PLC |
45,043 | 2,217,017 | ||||||
|
|
|||||||
2,217,017 | ||||||||
|
|
|||||||
Capital Markets 6.5% |
| |||||||
Ares Management Corp., Class A |
36,591 | 2,266,812 | ||||||
Blackstone, Inc. |
19,128 | 1,601,014 | ||||||
Morgan Stanley |
44,058 | 3,481,023 | ||||||
Raymond James Financial, Inc. |
13,659 | 1,349,782 | ||||||
|
|
|||||||
8,698,631 | ||||||||
|
|
|||||||
Chemicals 3.0% |
| |||||||
Celanese Corp. |
7,674 | 693,269 | ||||||
LyondellBasell Industries NV, Class A |
18,758 | 1,412,102 | ||||||
PPG Industries, Inc. |
17,476 | 1,934,419 | ||||||
|
|
|||||||
4,039,790 | ||||||||
|
|
|||||||
Communications Equipment 2.0% |
| |||||||
Cisco Systems, Inc. |
65,756 | 2,630,240 | ||||||
|
|
|||||||
2,630,240 | ||||||||
|
|
|||||||
Diversified Financial Services 1.0% |
| |||||||
Equitable Holdings, Inc. |
50,943 | 1,342,348 | ||||||
|
|
|||||||
1,342,348 | ||||||||
|
|
|||||||
Electric Utilities 5.1% |
| |||||||
American Electric Power Co., Inc. |
20,768 | 1,795,394 | ||||||
Duke Energy Corp. |
14,112 | 1,312,698 | ||||||
Exelon Corp. |
57,833 | 2,166,424 | ||||||
NextEra Energy, Inc. |
19,686 | 1,543,579 | ||||||
|
|
|||||||
6,818,095 | ||||||||
|
|
|||||||
Electrical Equipment 2.5% |
| |||||||
Eaton Corp. PLC |
14,319 | 1,909,582 | ||||||
Hubbell, Inc. |
6,294 | 1,403,562 | ||||||
|
|
|||||||
3,313,144 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.4% |
| |||||||
Corning, Inc. |
54,591 | 1,584,231 | ||||||
TE Connectivity Ltd. |
14,732 | 1,625,823 | ||||||
|
|
|||||||
3,210,054 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 3.6% |
| |||||||
Crown Castle, Inc. |
9,946 | 1,437,694 | ||||||
Gaming and Leisure Properties, Inc. |
46,239 | 2,045,613 | ||||||
Welltower, Inc. |
21,308 | 1,370,531 | ||||||
|
|
|||||||
4,853,838 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN EQUITY INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Food Products 3.4% |
| |||||||
Archer-Daniels-Midland Co. |
19,080 | $ | 1,534,986 | |||||
Kellogg Co. |
20,084 | 1,399,052 | ||||||
Mondelez International, Inc., Class A |
30,493 | 1,671,931 | ||||||
|
|
|||||||
4,605,969 | ||||||||
|
|
|||||||
Gas Utilities 1.3% |
| |||||||
Atmos Energy Corp. |
17,492 | 1,781,560 | ||||||
|
|
|||||||
1,781,560 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 3.1% |
| |||||||
Baxter International, Inc. |
24,417 | 1,315,100 | ||||||
Becton Dickinson and Co. |
7,340 | 1,635,572 | ||||||
Medtronic PLC |
15,330 | 1,237,897 | ||||||
|
|
|||||||
4,188,569 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.4% |
| |||||||
Elevance Health, Inc. |
4,969 | 2,257,118 | ||||||
UnitedHealth Group, Inc. |
4,522 | 2,283,791 | ||||||
|
|
|||||||
4,540,909 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.7% |
| |||||||
Starbucks Corp. |
10,437 | 879,422 | ||||||
|
|
|||||||
879,422 | ||||||||
|
|
|||||||
Household Durables 1.1% |
| |||||||
Lennar Corp., Class A |
19,086 | 1,422,861 | ||||||
|
|
|||||||
1,422,861 | ||||||||
|
|
|||||||
Household Products 1.9% |
| |||||||
Kimberly-Clark Corp. |
10,702 | 1,204,403 | ||||||
Procter & Gamble Co. |
10,355 | 1,307,319 | ||||||
|
|
|||||||
2,511,722 | ||||||||
|
|
|||||||
Industrial Conglomerates 2.2% |
| |||||||
Honeywell International, Inc. |
9,291 | 1,551,319 | ||||||
Siemens AG, ADR |
17,676 | 865,240 | ||||||
Siemens AG (Reg S) (Germany) |
5,431 | 537,525 | ||||||
|
|
|||||||
2,954,084 | ||||||||
|
|
|||||||
Insurance 3.8% |
| |||||||
Chubb Ltd. |
11,923 | 2,168,555 | ||||||
MetLife, Inc. |
47,677 | 2,897,808 | ||||||
|
|
|||||||
5,066,363 | ||||||||
|
|
|||||||
IT Services 0.9% |
| |||||||
Fidelity National Information Services, Inc. |
16,949 | 1,280,836 | ||||||
|
|
|||||||
1,280,836 | ||||||||
|
|
|||||||
Media 1.4% |
| |||||||
Comcast Corp., Class A |
66,183 | 1,941,147 | ||||||
|
|
|||||||
1,941,147 | ||||||||
|
|
|||||||
Metals & Mining 1.0% |
| |||||||
Rio Tinto PLC, ADR |
25,477 | 1,402,764 | ||||||
|
|
|||||||
1,402,764 | ||||||||
|
|
|||||||
Multi-Utilities 1.6% |
| |||||||
Sempra Energy |
14,117 | 2,116,703 | ||||||
|
|
|||||||
2,116,703 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN EQUITY INCOME VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Oil, Gas & Consumable Fuels 7.9% |
||||||||
ConocoPhillips |
34,385 | $ | 3,518,961 | |||||
Coterra Energy, Inc. |
86,402 | 2,256,820 | ||||||
EOG Resources, Inc. |
20,599 | 2,301,526 | ||||||
Phillips 66 |
13,754 | 1,110,223 | ||||||
TC Energy Corp. (Canada) |
35,321 | 1,422,710 | ||||||
|
|
|||||||
10,610,240 | ||||||||
|
|
|||||||
Personal Products 1.7% |
||||||||
Unilever PLC, ADR |
52,888 | 2,318,610 | ||||||
|
|
|||||||
2,318,610 | ||||||||
|
|
|||||||
Pharmaceuticals 12.8% |
||||||||
AstraZeneca PLC, ADR |
29,875 | 1,638,345 | ||||||
Eli Lilly and Co. |
7,496 | 2,423,832 | ||||||
Johnson & Johnson |
24,556 | 4,011,468 | ||||||
Merck & Co., Inc. |
38,651 | 3,328,624 | ||||||
Pfizer, Inc. |
97,467 | 4,265,156 | ||||||
Roche Holding AG (Switzerland) |
4,578 | 1,492,698 | ||||||
|
|
|||||||
17,160,123 | ||||||||
|
|
|||||||
Road & Rail 1.0% |
||||||||
Canadian National Railway Co. (Canada) |
12,344 | 1,333,100 | ||||||
|
|
|||||||
1,333,100 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 5.4% |
||||||||
Analog Devices, Inc. |
15,658 | 2,181,786 | ||||||
Broadcom, Inc. |
2,995 | 1,329,810 | ||||||
NXP Semiconductors NV |
8,852 | 1,305,758 | ||||||
QUALCOMM, Inc. |
11,312 | 1,278,030 | ||||||
Texas Instruments, Inc. |
7,935 | 1,228,179 | ||||||
|
|
|||||||
7,323,563 | ||||||||
|
|
|||||||
Specialty Retail 4.1% |
||||||||
Home Depot, Inc. |
6,467 | 1,784,504 | ||||||
Lowes Cos., Inc. |
7,926 | 1,488,582 | ||||||
TJX Cos., Inc. |
35,028 | 2,175,939 | ||||||
|
|
|||||||
5,449,025 | ||||||||
|
|
|||||||
Tobacco 1.7% |
||||||||
Philip Morris International, Inc. |
26,790 | 2,223,838 | ||||||
|
|
|||||||
2,223,838 | ||||||||
|
|
|||||||
Total Common Stocks |
133,621,307 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 0.8% |
||||||||
Repurchase Agreements 0.8% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 1,024,339 | 1,024,339 | |||||
|
|
|||||||
Total Repurchase Agreements |
1,024,339 | |||||||
|
|
|||||||
Total Investments 100.2% |
134,645,646 | |||||||
|
|
|||||||
Liabilities in excess of other assets (0.2)% |
(316,183 | ) | ||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 134,329,463 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN EQUITY INCOME VIP FUND
(1) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 1,091,100 | $ | 1,044,898 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN EQUITY INCOME VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 131,591,084 | $ | 2,030,223 | * | $ | | $ | 133,621,307 | |||||||
Repurchase Agreements |
| 1,024,339 | | 1,024,339 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 131,591,084 | $ | 3,054,562 | $ | | $ | 134,645,646 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.2% |
| |||||||
Aerospace & Defense 1.7% |
| |||||||
HEICO Corp., Class A |
16,366 | $ | 1,875,871 | |||||
Howmet Aerospace, Inc. |
23,340 | 721,906 | ||||||
Spirit AeroSystems Holdings, Inc., Class A |
42,030 | 921,298 | ||||||
|
|
|||||||
3,519,075 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.7% |
| |||||||
Air Transport Services Group, Inc.(1) |
58,680 | 1,413,601 | ||||||
|
|
|||||||
1,413,601 | ||||||||
|
|
|||||||
Airlines 0.2% |
| |||||||
JetBlue Airways Corp.(1) |
50,110 | 332,229 | ||||||
|
|
|||||||
332,229 | ||||||||
|
|
|||||||
Auto Components 1.3% |
| |||||||
Adient PLC(1) |
31,054 | 861,749 | ||||||
Lear Corp. |
13,221 | 1,582,421 | ||||||
Novem Group SA (Luxembourg) |
22,343 | 131,811 | ||||||
|
|
|||||||
2,575,981 | ||||||||
|
|
|||||||
Automobiles 0.7% |
| |||||||
Harley-Davidson, Inc. |
42,834 | 1,494,050 | ||||||
|
|
|||||||
1,494,050 | ||||||||
|
|
|||||||
Banks 6.6% |
| |||||||
Associated Banc-Corp |
61,411 | 1,233,133 | ||||||
Bancorp, Inc.(1) |
69,700 | 1,532,006 | ||||||
BankUnited, Inc. |
3,100 | 105,927 | ||||||
Cadence Bank |
13,200 | 335,412 | ||||||
East West Bancorp, Inc. |
40,500 | 2,719,170 | ||||||
First Horizon Corp. |
104,174 | 2,385,584 | ||||||
PacWest Bancorp |
82,901 | 1,873,563 | ||||||
Pathward Financial, Inc. |
26,200 | 863,552 | ||||||
Pinnacle Financial Partners, Inc. |
16,900 | 1,370,590 | ||||||
Piraeus Financial Holdings SA (Greece)(1) |
126,400 | 126,281 | ||||||
Silvergate Capital Corp., Class A(1) |
1,522 | 114,683 | ||||||
Wintrust Financial Corp. |
12,370 | 1,008,773 | ||||||
|
|
|||||||
13,668,674 | ||||||||
|
|
|||||||
Beverages 0.5% |
| |||||||
Boston Beer Co., Inc., Class A(1) |
1,585 | 512,985 | ||||||
Celsius Holdings, Inc.(1) |
5,120 | 464,282 | ||||||
|
|
|||||||
977,267 | ||||||||
|
|
|||||||
Biotechnology 1.3% |
| |||||||
Exelixis, Inc.(1) |
78,000 | 1,223,040 | ||||||
United Therapeutics Corp.(1) |
7,100 | 1,486,598 | ||||||
|
|
|||||||
2,709,638 | ||||||||
|
|
|||||||
Building Products 1.8% |
| |||||||
Builders FirstSource, Inc.(1) |
18,340 | 1,080,593 | ||||||
Carlisle Cos., Inc. |
9,126 | 2,559,022 | ||||||
|
|
|||||||
3,639,615 | ||||||||
|
|
|||||||
Capital Markets 0.4% |
| |||||||
Lazard Ltd., Class A |
9,612 | 305,950 | ||||||
Patria Investments Ltd., Class A |
42,143 | 549,966 | ||||||
|
|
|||||||
855,916 | ||||||||
|
|
|||||||
Chemicals 2.2% |
| |||||||
Chemours Co. |
50,196 | 1,237,331 | ||||||
RPM International, Inc. |
25,153 | 2,095,497 | ||||||
Valvoline, Inc. |
45,270 | 1,147,142 | ||||||
|
|
|||||||
4,479,970 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Commercial Services & Supplies 0.5% |
| |||||||
Brinks Co. |
22,646 | $ | 1,096,972 | |||||
|
|
|||||||
1,096,972 | ||||||||
|
|
|||||||
Construction & Engineering 1.0% |
| |||||||
WillScot Mobile Mini Holdings Corp.(1) |
53,525 | 2,158,663 | ||||||
|
|
|||||||
2,158,663 | ||||||||
|
|
|||||||
Construction Materials 0.9% |
| |||||||
Eagle Materials, Inc. |
17,417 | 1,866,754 | ||||||
|
|
|||||||
1,866,754 | ||||||||
|
|
|||||||
Consumer Finance 1.1% |
| |||||||
FirstCash Holdings, Inc. |
8,498 | 623,328 | ||||||
NerdWallet, Inc., Class A(1) |
38,700 | 343,269 | ||||||
OneMain Holdings, Inc. |
46,969 | 1,386,525 | ||||||
|
|
|||||||
2,353,122 | ||||||||
|
|
|||||||
Containers & Packaging 0.5% |
| |||||||
Berry Global Group, Inc.(1) |
23,000 | 1,070,190 | ||||||
|
|
|||||||
1,070,190 | ||||||||
|
|
|||||||
Distributors 0.6% |
| |||||||
LKQ Corp. |
25,076 | 1,182,333 | ||||||
|
|
|||||||
1,182,333 | ||||||||
|
|
|||||||
Diversified Financial Services 0.4% |
| |||||||
Cairo Mezz PLC (Cyprus)(1) |
775,200 | 89,680 | ||||||
Cannae Holdings, Inc.(1) |
33,071 | 683,247 | ||||||
|
|
|||||||
772,927 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 0.2% |
| |||||||
Iridium Communications, Inc.(1) |
10,153 | 450,489 | ||||||
|
|
|||||||
450,489 | ||||||||
|
|
|||||||
Electric Utilities 1.6% |
| |||||||
ALLETE, Inc. |
8,933 | 447,097 | ||||||
IDACORP, Inc. |
9,615 | 951,981 | ||||||
OGE Energy Corp. |
35,702 | 1,301,695 | ||||||
PNM Resources, Inc. |
14,526 | 664,274 | ||||||
|
|
|||||||
3,365,047 | ||||||||
|
|
|||||||
Electrical Equipment 1.2% |
| |||||||
Regal Rexnord Corp. |
17,412 | 2,443,948 | ||||||
|
|
|||||||
2,443,948 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.6% |
| |||||||
Avnet, Inc. |
45,211 | 1,633,021 | ||||||
Cognex Corp. |
31,049 | 1,286,981 | ||||||
Jabil, Inc. |
14,100 | 813,711 | ||||||
Trimble, Inc.(1) |
13,283 | 720,869 | ||||||
TTM Technologies, Inc.(1) |
57,345 | 755,807 | ||||||
Vishay Intertechnology, Inc. |
14,028 | 249,558 | ||||||
|
|
|||||||
5,459,947 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.3% |
| |||||||
Liberty Energy, Inc.(1) |
50,479 | 640,074 | ||||||
|
|
|||||||
640,074 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Entertainment 0.3% |
| |||||||
Endeavor Group Holdings, Inc., Class A(1) |
8,301 | $ | 168,178 | |||||
Liberty Media Corp-Liberty Formula One, Class C(1) |
3,761 | 220,019 | ||||||
Warner Music Group Corp., Class A |
6,378 | 148,033 | ||||||
|
|
|||||||
536,230 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 7.3% |
| |||||||
American Homes 4 Rent, Class A |
15,245 | 500,189 | ||||||
Camden Property Trust |
6,800 | 812,260 | ||||||
CubeSmart |
40,779 | 1,633,607 | ||||||
Douglas Emmett, Inc. |
47,840 | 857,771 | ||||||
EastGroup Properties, Inc. |
13,700 | 1,977,458 | ||||||
Equity LifeStyle Properties, Inc. |
10,307 | 647,692 | ||||||
Gaming and Leisure Properties, Inc. |
9,939 | 439,701 | ||||||
Healthcare Realty Trust, Inc., Class A |
83,500 | 1,740,975 | ||||||
Postal Realty Trust, Inc., Class A |
83,558 | 1,225,796 | ||||||
Ryman Hospitality Properties, Inc. |
11,900 | 875,721 | ||||||
SITE Centers Corp. |
95,854 | 1,026,596 | ||||||
Spirit Realty Capital, Inc. |
28,380 | 1,026,221 | ||||||
Terreno Realty Corp. |
14,130 | 748,749 | ||||||
Ventas, Inc. |
39,613 | 1,591,254 | ||||||
|
|
|||||||
15,103,990 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.8% |
| |||||||
BJs Wholesale Club Holdings, Inc.(1) |
17,133 | 1,247,454 | ||||||
Caseys General Stores, Inc. |
1,937 | 392,281 | ||||||
Grocery Outlet Holding Corp.(1) |
7,064 | 235,160 | ||||||
Performance Food Group Co.(1) |
20,382 | 875,407 | ||||||
Sprouts Farmers Market, Inc.(1) |
17,936 | 497,724 | ||||||
US Foods Holding Corp.(1) |
16,329 | 431,739 | ||||||
|
|
|||||||
3,679,765 | ||||||||
|
|
|||||||
Food Products 1.4% |
| |||||||
Bunge Ltd. |
2,315 | 191,150 | ||||||
Darling Ingredients, Inc.(1) |
19,236 | 1,272,461 | ||||||
Freshpet, Inc.(1) |
3,486 | 174,614 | ||||||
Ingredion, Inc. |
9,393 | 756,324 | ||||||
Nomad Foods Ltd.(1) |
8,980 | 127,516 | ||||||
Post Holdings, Inc.(1) |
3,051 | 249,907 | ||||||
Sovos Brands, Inc.(1) |
9,181 | 130,738 | ||||||
|
|
|||||||
2,902,710 | ||||||||
|
|
|||||||
Gas Utilities 0.8% |
| |||||||
National Fuel Gas Co. |
12,858 | 791,410 | ||||||
ONE Gas, Inc. |
6,486 | 456,549 | ||||||
UGI Corp. |
15,523 | 501,859 | ||||||
|
|
|||||||
1,749,818 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 4.0% |
| |||||||
Hologic, Inc.(1) |
11,800 | 761,336 | ||||||
Insulet Corp.(1) |
4,600 | 1,055,240 | ||||||
Masimo Corp.(1) |
16,000 | 2,258,560 | ||||||
Penumbra, Inc.(1) |
13,600 | 2,578,560 | ||||||
Tandem Diabetes Care, Inc.(1) |
31,600 | 1,512,060 | ||||||
|
|
|||||||
8,165,756 | ||||||||
|
|
|||||||
Health Care Providers & Services 4.4% |
| |||||||
agilon health, Inc.(1) |
56,000 | 1,311,520 | ||||||
Alignment Healthcare, Inc.(1) |
84,400 | 999,296 | ||||||
Cano Health, Inc.(1) |
140,000 | 1,213,800 | ||||||
Molina Healthcare, Inc.(1) |
5,400 | 1,781,136 | ||||||
Oak Street Health, Inc.(1) |
46,500 | 1,140,180 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
|
Shares |
Value |
||||||
Common Stocks (continued) |
| |||||||
Health Care Providers & Services (continued) |
| |||||||
Option Care Health, Inc.(1) |
38,500 | $ | 1,211,595 | |||||
Privia Health Group, Inc.(1) |
21,000 | 715,260 | ||||||
Surgery Partners, Inc.(1) |
26,000 | 608,400 | ||||||
|
|
|||||||
8,981,187 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 4.0% |
| |||||||
Aramark |
24,470 | 763,464 | ||||||
Brinker International, Inc.(1) |
15,100 | 377,198 | ||||||
Caesars Entertainment, Inc.(1) |
36,195 | 1,167,651 | ||||||
Churchill Downs, Inc. |
12,447 | 2,292,115 | ||||||
Dominos Pizza, Inc. |
3,168 | 982,714 | ||||||
Planet Fitness, Inc., Class A(1) |
6,952 | 400,852 | ||||||
Vail Resorts, Inc. |
3,519 | 758,837 | ||||||
Wyndham Hotels & Resorts, Inc. |
24,485 | 1,502,155 | ||||||
|
|
|||||||
8,244,986 | ||||||||
|
|
|||||||
Household Durables 2.0% |
| |||||||
Leggett & Platt, Inc. |
26,332 | 874,749 | ||||||
Mohawk Industries, Inc.(1) |
9,787 | 892,476 | ||||||
NVR, Inc.(1) |
301 | 1,200,111 | ||||||
Taylor Morrison Home Corp.(1) |
48,349 | 1,127,499 | ||||||
|
|
|||||||
4,094,835 | ||||||||
|
|
|||||||
Household Products 0.3% |
| |||||||
Energizer Holdings, Inc. |
14,061 | 353,493 | ||||||
Reynolds Consumer Products, Inc. |
8,472 | 220,357 | ||||||
|
|
|||||||
573,850 | ||||||||
|
|
|||||||
Insurance 4.0% |
| |||||||
American Financial Group, Inc. |
13,919 | 1,711,063 | ||||||
Assurant, Inc. |
10,324 | 1,499,768 | ||||||
Globe Life, Inc. |
16,400 | 1,635,080 | ||||||
Primerica, Inc. |
14,987 | 1,850,145 | ||||||
Talanx AG (Germany) |
9,563 | 341,397 | ||||||
Unum Group |
29,100 | 1,129,080 | ||||||
|
|
|||||||
8,166,533 | ||||||||
|
|
|||||||
Interactive Media & Services 0.2% |
| |||||||
TripAdvisor, Inc.(1) |
5,623 | 124,156 | ||||||
Ziff Davis, Inc.(1) |
4,126 | 282,548 | ||||||
|
|
|||||||
406,704 | ||||||||
|
|
|||||||
IT Services 3.3% |
| |||||||
Akamai Technologies, Inc.(1) |
13,789 | 1,107,533 | ||||||
Cyxtera Technologies, Inc.(1) |
121,813 | 496,997 | ||||||
ExlService Holdings, Inc.(1) |
2,315 | 341,138 | ||||||
GoDaddy, Inc., Class A(1) |
17,632 | 1,249,756 | ||||||
Nuvei Corp. (Canada)(1)(2) |
7,613 | 205,736 | ||||||
Repay Holdings Corp.(1) |
49,225 | 347,529 | ||||||
Twilio, Inc., Class A(1) |
11,200 | 774,368 | ||||||
WEX, Inc.(1) |
9,370 | 1,189,428 | ||||||
Wix.com Ltd.(1) |
13,475 | 1,054,149 | ||||||
|
|
|||||||
6,766,634 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 0.8% |
| |||||||
Bruker Corp. |
30,000 | 1,591,800 | ||||||
|
|
|||||||
1,591,800 | ||||||||
|
|
|||||||
Machinery 5.1% |
| |||||||
AGCO Corp. |
14,160 | 1,361,767 | ||||||
Allison Transmission Holdings, Inc. |
11,266 | 380,340 | ||||||
Chart Industries, Inc.(1) |
6,620 | 1,220,397 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Machinery (continued) |
| |||||||
Crane Holdings Co. |
13,130 | $ | 1,149,400 | |||||
Dover Corp. |
6,540 | 762,433 | ||||||
Esab Corp. |
29,370 | 979,783 | ||||||
Flowserve Corp. |
64,005 | 1,555,322 | ||||||
IDEX Corp. |
9,649 | 1,928,353 | ||||||
ITT, Inc. |
18,461 | 1,206,242 | ||||||
|
|
|||||||
10,544,037 | ||||||||
|
|
|||||||
Marine 0.6% |
| |||||||
Kirby Corp.(1) |
20,542 | 1,248,337 | ||||||
|
|
|||||||
1,248,337 | ||||||||
|
|
|||||||
Media 0.8% |
| |||||||
Cable One, Inc. |
669 | 570,691 | ||||||
Gray Television, Inc. |
7,473 | 107,013 | ||||||
Interpublic Group of Cos., Inc. |
10,291 | 263,450 | ||||||
New York Times Co., Class A |
12,755 | 366,706 | ||||||
Nexstar Media Group, Inc., Class A |
2,436 | 406,447 | ||||||
S4 Capital PLC (United Kingdom)(1) |
20,354 | 32,864 | ||||||
|
|
|||||||
1,747,171 | ||||||||
|
|
|||||||
Metals & Mining 2.8% |
| |||||||
Alcoa Corp. |
34,200 | 1,151,172 | ||||||
Cleveland-Cliffs, Inc.(1) |
85,249 | 1,148,304 | ||||||
Steel Dynamics, Inc. |
40,662 | 2,884,969 | ||||||
Yamana Gold, Inc. |
142,833 | 647,033 | ||||||
|
|
|||||||
5,831,478 | ||||||||
|
|
|||||||
Mortgage Real Estate Investment Trusts (REITs) 0.8% |
| |||||||
Rithm Capital Corp. |
215,143 | 1,574,847 | ||||||
|
|
|||||||
1,574,847 | ||||||||
|
|
|||||||
Multi-Utilities 0.5% |
| |||||||
NiSource, Inc. |
17,279 | 435,258 | ||||||
NorthWestern Corp. |
13,781 | 679,128 | ||||||
|
|
|||||||
1,114,386 | ||||||||
|
|
|||||||
Multiline Retail 0.2% |
| |||||||
Nordstrom, Inc. |
28,760 | 481,155 | ||||||
|
|
|||||||
481,155 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 4.4% |
| |||||||
Antero Resources Corp.(1) |
12,757 | 389,471 | ||||||
APA Corp. |
22,506 | 769,480 | ||||||
Denbury, Inc.(1) |
8,844 | 762,883 | ||||||
EQT Corp. |
53,973 | 2,199,400 | ||||||
HF Sinclair Corp. |
32,990 | 1,776,182 | ||||||
Northern Oil and Gas, Inc. |
26,300 | 720,883 | ||||||
Targa Resources Corp. |
40,147 | 2,422,470 | ||||||
|
|
|||||||
9,040,769 | ||||||||
|
|
|||||||
Paper & Forest Products 0.7% |
| |||||||
Louisiana-Pacific Corp. |
29,453 | 1,507,699 | ||||||
|
|
|||||||
1,507,699 | ||||||||
|
|
|||||||
Personal Products 0.5% |
| |||||||
Beauty Health Co.(1) |
67,700 | 798,183 | ||||||
BellRing Brands, Inc.(1) |
9,541 | 196,640 | ||||||
|
|
|||||||
994,823 | ||||||||
|
|
|||||||
Professional Services 2.3% |
| |||||||
CACI International, Inc., Class A(1) |
12,148 | 3,171,357 | ||||||
KBR, Inc. |
38,590 | 1,667,860 | ||||||
|
|
|||||||
4,839,217 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Real Estate Management & Development 0.7% |
| |||||||
Doma Holdings, Inc.(1) |
153,537 | $ | 67,464 | |||||
Jones Lang LaSalle, Inc.(1) |
8,059 | 1,217,473 | ||||||
WeWork, Inc., Class A(1) |
42,600 | 112,890 | ||||||
|
|
|||||||
1,397,827 | ||||||||
|
|
|||||||
Road & Rail 1.6% |
| |||||||
Landstar System, Inc. |
13,638 | 1,968,918 | ||||||
XPO Logistics, Inc.(1) |
28,391 | 1,263,967 | ||||||
|
|
|||||||
3,232,885 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 0.6% |
| |||||||
SolarEdge Technologies, Inc.(1) |
5,620 | 1,300,805 | ||||||
|
|
|||||||
1,300,805 | ||||||||
|
|
|||||||
Software 6.2% |
| |||||||
Aspen Technology, Inc.(1) |
3,543 | 843,943 | ||||||
Black Knight, Inc.(1) |
3,302 | 213,738 | ||||||
Blackbaud, Inc.(1) |
24,537 | 1,081,100 | ||||||
Blend Labs, Inc., Class A(1) |
4,900 | 10,829 | ||||||
BTRS Holdings, Inc., Class 1(1) |
62,300 | 576,898 | ||||||
Ceridian HCM Holding, Inc.(1) |
22,246 | 1,243,107 | ||||||
Citrix Systems, Inc. |
7,633 | 793,832 | ||||||
Coupa Software, Inc.(1) |
12,168 | 715,478 | ||||||
Elastic NV(1) |
14,528 | 1,042,239 | ||||||
Five9, Inc.(1) |
5,300 | 397,394 | ||||||
Guidewire Software, Inc.(1) |
8,828 | 543,628 | ||||||
HubSpot, Inc.(1) |
1,200 | 324,144 | ||||||
LiveRamp Holdings, Inc.(1) |
9,027 | 163,930 | ||||||
NortonLifeLock, Inc. |
53,403 | 1,075,536 | ||||||
PTC, Inc.(1) |
14,326 | 1,498,500 | ||||||
Tenable Holdings, Inc.(1) |
35,673 | 1,241,420 | ||||||
Workiva, Inc.(1) |
2,521 | 196,134 | ||||||
Zendesk, Inc.(1) |
10,067 | 766,099 | ||||||
|
|
|||||||
12,727,949 | ||||||||
|
|
|||||||
Specialty Retail 1.5% |
| |||||||
Burlington Stores, Inc.(1) |
7,828 | 875,875 | ||||||
Camping World Holdings, Inc., Class A |
10,574 | 267,734 | ||||||
Five Below, Inc.(1) |
14,235 | 1,959,732 | ||||||
|
|
|||||||
3,103,341 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 0.3% |
| |||||||
Western Digital Corp.(1) |
16,938 | 551,332 | ||||||
|
|
|||||||
551,332 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 2.2% |
| |||||||
Capri Holdings Ltd.(1) |
37,556 | 1,443,653 | ||||||
PRADA SpA (Italy) |
117,065 | 537,402 | ||||||
PVH Corp. |
19,629 | 879,379 | ||||||
Tapestry, Inc. |
61,704 | 1,754,245 | ||||||
|
|
|||||||
4,614,679 | ||||||||
|
|
|||||||
Thrifts & Mortgage Finance 1.1% |
| |||||||
MGIC Investment Corp. |
141,231 | 1,810,581 | ||||||
UWM Holdings Corp. |
141,600 | 414,888 | ||||||
|
|
|||||||
2,225,469 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Trading Companies & Distributors 1.7% |
| |||||||
Air Lease Corp. |
34,330 | $ | 1,064,573 | |||||
Beacon Roofing Supply, Inc.(1) |
10,093 | 552,289 | ||||||
WESCO International, Inc.(1) |
15,539 | 1,855,046 | ||||||
|
|
|||||||
3,471,908 | ||||||||
|
|
|||||||
Water Utilities 0.7% |
| |||||||
Essential Utilities, Inc. |
36,282 | 1,501,349 | ||||||
|
|
|||||||
1,501,349 | ||||||||
|
|
|||||||
Total Common Stocks |
|
202,542,743 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
Corporate Bonds & Notes 0.1% |
| |||||||
Commercial Services 0.1% |
| |||||||
Affirm Holdings, Inc., |
||||||||
Convertible |
||||||||
0.00% due 11/15/2026(2)(3) |
$ | 282,000 | 172,835 | |||||
|
|
|||||||
172,835 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
172,835 | ||||||
|
|
|||||||
ShortTerm Investments 1.7% |
| |||||||
U.S. Treasury Bills 0.1% |
| |||||||
U.S. Treasury Bill |
| |||||||
2.583% due 11/10/2022(4) |
100,000 | 99,714 | ||||||
3.156% due 12/22/2022(4) |
30,000 | 29,789 | ||||||
|
|
|||||||
Total U.S. Treasury Bills |
|
129,503 | ||||||
|
|
|||||||
Repurchase Agreements 1.6% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
3,348,917 | 3,348,917 | ||||||
|
|
|||||||
Total Repurchase Agreements |
|
3,348,917 | ||||||
|
|
|||||||
Total Investments 100.0% |
|
206,193,998 | ||||||
|
|
|||||||
Assets in excess of other liabilities(6) 0.0% |
|
9,723 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 206,203,721 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $378,571, representing 0.2% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(3) | Zero coupon bond. |
(4) | Interest rate shown reflects the discount rate at time of purchase. |
(5) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 3,567,000 | $ | 3,415,959 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
(6) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration |
Contracts |
Position |
Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
S&P Midcap 400 E-Mini |
December 2022 | 6 | Long | $ | 1,332,286 | $ | 1,324,920 | $ | (7,366 | ) | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 1,332,286 | $ | 1,324,920 | $ | (7,366 | ) | ||||||||||||||||
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SELECT MID CAP CORE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 201,283,308 | $ | 1,259,435 | $ | | $ | 202,542,743 | ||||||||
Corporate Bonds & Notes |
| 172,835 | | 172,835 | ||||||||||||
U.S. Treasury Bills |
| 129,503 | | 129,503 | ||||||||||||
Repurchase Agreements |
| 3,348,917 | | 3,348,917 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 201,283,308 | $ | 4,910,690 | $ | | $ | 206,193,998 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
|
|||||||||||||||
Liabilities |
$ | (7,366 | ) | $ | | $ | | $ | (7,366 | ) | ||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (7,366 | ) | $ | | $ | | $ | (7,366 | ) | ||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 9.6% |
| |||||||
Federal Home Loan Mortgage Corp. |
||||||||
3.50% due 6/1/2052 |
$ | 1,173,740 | $ | 1,056,173 | ||||
4.00% due 6/1/2052 |
1,367,922 | 1,268,711 | ||||||
Federal National Mortgage Association |
||||||||
3.00% due 4/1/2037 |
2,856,473 | 2,654,707 | ||||||
3.00% due 5/1/2037 |
2,853,626 | 2,650,826 | ||||||
3.00% due 5/1/2052 |
2,037,950 | 1,772,380 | ||||||
3.50% due 4/1/2052 |
3,079,093 | 2,770,732 | ||||||
3.50% due 5/1/2052 |
2,930,130 | 2,636,989 | ||||||
4.00% due 5/1/2052 |
3,022,028 | 2,802,818 | ||||||
4.00% due 6/1/2052 |
2,007,660 | 1,862,029 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
19,475,365 | |||||||
|
|
|||||||
AssetBacked Securities 21.9% |
||||||||
Aligned Data Centers Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.937% due 8/15/2046(1) |
900,000 | 773,041 | ||||||
Ally Auto Receivables Trust |
||||||||
2022-1 A3 |
||||||||
3.31% due 11/15/2026 |
1,650,000 | 1,603,442 | ||||||
American Express Credit Account Master Trust |
||||||||
2017-7 B |
||||||||
2.54% due 5/15/2025 |
1,700,000 | 1,698,510 | ||||||
AmeriCredit Automobile Receivables Trust |
||||||||
2020-3 C |
||||||||
1.06% due 8/18/2026 |
1,125,000 | 1,052,529 | ||||||
Anchorage Capital CLO 21 Ltd. |
||||||||
2021-21A B |
||||||||
4.46% (LIBOR 3 Month + 1.75%) due 10/20/2034(1)(2) |
1,000,000 | 933,700 | ||||||
Apidos CLO XXII |
||||||||
2015-22A A2R |
||||||||
4.21% (LIBOR 3 Month + 1.50%) due 4/20/2031(1)(2) |
1,000,000 | 947,200 | ||||||
Ares XXVII CLO Ltd. |
||||||||
2013-2A BR2 |
||||||||
4.443% (LIBOR 3 Month + 1.65%) due 10/28/2034(1)(2) |
1,000,000 | 924,100 | ||||||
Ares XXVIIIR CLO Ltd. |
||||||||
2018-28RA A2 |
||||||||
4.14% (LIBOR 3 Month + 1.40%) due 10/17/2030(1)(2) |
1,100,000 | 1,035,650 | ||||||
Avis Budget Rental Car Funding AESOP LLC |
||||||||
2021-2A A |
||||||||
1.66% due 2/20/2028(1) |
1,100,000 | 942,758 | ||||||
BA Credit Card Trust |
||||||||
2020-A1 A1 |
||||||||
0.34% due 5/15/2026 |
1,650,000 | 1,566,877 | ||||||
Benefit Street Partners CLO XVI Ltd. |
||||||||
2018-16A BR |
||||||||
4.29% (LIBOR 3 Month + 1.55%) due 1/17/2032(1)(2) |
1,200,000 | 1,133,160 | ||||||
BMW Vehicle Owner Trust |
||||||||
2022-A A3 |
||||||||
3.21% due 8/25/2026 |
1,100,000 | 1,071,011 | ||||||
Canyon Capital CLO Ltd. |
||||||||
2022-1A B |
||||||||
2.381% (SOFR + 1.85%) due 4/15/2035(1)(2) |
1,200,000 | 1,119,120 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Carlyle U.S. CLO Ltd. |
||||||||
2018-2A A2 |
||||||||
4.112% (LIBOR 3 Month + 1.60%) due 10/15/2031(1)(2) |
$ | 1,000,000 | $ | 945,900 | ||||
CarMax Auto Owner Trust |
||||||||
2020-4 B |
||||||||
0.85% due 6/15/2026 |
850,000 | 781,728 | ||||||
Dryden 53 CLO Ltd. |
||||||||
2017-53A B |
||||||||
3.912% (LIBOR 3 Month + 1.40%) due 1/15/2031(1)(2) |
1,100,000 | 1,036,200 | ||||||
Dryden Senior Loan Fund |
||||||||
2017-47A CR |
||||||||
4.562% (LIBOR 3 Month + 2.05%) due 4/15/2028(1)(2) |
1,000,000 | 968,300 | ||||||
Exeter Automobile Receivables Trust |
||||||||
2022-2A A3 |
||||||||
2.80% due 11/17/2025 |
1,050,000 | 1,033,199 | ||||||
Ford Credit Auto Owner Trust |
||||||||
2020-1 A |
||||||||
2.04% due 8/15/2031(1) |
1,100,000 | 1,023,402 | ||||||
Ford Credit Floorplan Master Owner Trust |
||||||||
2020-2 A |
||||||||
1.06% due 9/15/2027 |
1,100,000 | 985,269 | ||||||
GLS Auto Receivables Issuer Trust |
||||||||
2019-4A B |
||||||||
2.78% due 9/16/2024(1) |
319,973 | 319,710 | ||||||
GM Financial Automobile Leasing Trust |
||||||||
2022-2 A3 |
||||||||
3.42% due 6/20/2025 |
1,240,000 | 1,217,536 | ||||||
GM Financial Consumer Automobile Receivables Trust |
||||||||
2020-4 A4 |
||||||||
0.50% due 2/17/2026 |
1,680,000 | 1,575,969 | ||||||
Hertz Vehicle Financing III LLC |
||||||||
2022-3A A |
||||||||
3.37% due 3/25/2025(1) |
960,000 | 937,745 | ||||||
Hyundai Auto Lease Securitization Trust |
||||||||
2022-B A3 |
||||||||
3.35% due 6/16/2025(1) |
1,200,000 | 1,175,369 | ||||||
Hyundai Auto Receivables Trust |
||||||||
2022-A A3 |
||||||||
2.22% due 10/15/2026 |
1,430,000 | 1,371,657 | ||||||
Jamestown CLO XI Ltd. |
||||||||
2018-11A A2 |
||||||||
4.183% (LIBOR 3 Month + 1.70%) due 7/14/2031(1)(2) |
1,200,000 | 1,141,800 | ||||||
Kubota Credit Owner Trust |
||||||||
2019-1A A3 |
||||||||
2.46% due 10/16/2023(1) |
501,153 | 500,444 | ||||||
Master Credit Card Trust |
||||||||
2021-1A A |
||||||||
0.53% due 11/21/2025(1) |
1,380,000 | 1,282,506 | ||||||
Neuberger Berman Loan Advisers CLO 26 Ltd. |
||||||||
2017-26A BR |
||||||||
4.14% (LIBOR 3 Month + 1.40%) due 10/18/2030(1)(2) |
1,000,000 | 944,300 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Octagon Investment Partners 36 Ltd. |
||||||||
2018-1A B |
||||||||
3.902% (LIBOR 3 Month + 1.39%) due 4/15/2031(1)(2) |
$ | 1,209,375 | $ | 1,136,692 | ||||
OHA Credit Partners XIV Ltd. |
||||||||
2017-14A B |
||||||||
4.232% (LIBOR 3 Month + 1.50%) due 1/21/2030(1)(2) |
1,000,000 | 951,700 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
2021-1 B 0.50% due 4/15/2025 |
267,713 | 267,360 | ||||||
2022-3 A3 3.40% due 12/15/2026 |
1,200,000 | 1,177,373 | ||||||
Synchrony Card Funding LLC |
||||||||
2022-A1 A |
||||||||
3.37% due 4/15/2028 |
1,300,000 | 1,259,788 | ||||||
Toyota Auto Loan Extended Note Trust |
||||||||
2021-1A A |
||||||||
1.07% due 2/27/2034(1) |
975,000 | 861,452 | ||||||
Toyota Auto Receivables Owner Trust |
||||||||
2021-A A4 |
||||||||
0.39% due 6/15/2026 |
1,440,000 | 1,325,476 | ||||||
Verizon Owner Trust |
||||||||
2020-C A |
||||||||
0.41% due 4/21/2025 |
1,200,000 | 1,175,389 | ||||||
Volkswagen Auto Lease Trust |
||||||||
2020-A A4 |
||||||||
0.45% due 7/21/2025 |
1,500,000 | 1,467,192 | ||||||
Voya CLO Ltd. |
||||||||
2015-3A A3R |
||||||||
4.41% (LIBOR 3 Month + 1.70%) due 10/20/2031(1)(2) |
1,000,000 | 943,400 | ||||||
World Omni Auto Receivables Trust |
||||||||
2021-B A4 |
||||||||
0.69% due 6/15/2027 |
1,200,000 | 1,099,650 | ||||||
World Omni Automobile Lease Securitization Trust |
||||||||
2021-A A4 |
||||||||
0.50% due 11/16/2026 |
1,000,000 | 946,996 | ||||||
|
|
|||||||
Total AssetBacked Securities |
44,654,600 | |||||||
|
|
|||||||
Corporate Bonds & Notes 9.7% |
||||||||
Aerospace & Defense 0.5% |
||||||||
Boeing Co. |
||||||||
1.433% due 2/4/2024 |
500,000 | 475,375 | ||||||
Northrop Grumman Corp. |
||||||||
2.93% due 1/15/2025 |
500,000 | 477,400 | ||||||
|
|
|||||||
952,775 | ||||||||
|
|
|||||||
Beverages 0.2% |
||||||||
PepsiCo, Inc. |
||||||||
0.40% due 10/7/2023 |
500,000 | 480,790 | ||||||
|
|
|||||||
480,790 | ||||||||
|
|
|||||||
Commercial Banks 3.3% |
||||||||
Bank of America Corp. |
||||||||
3.384% (3.384% fixed rate until 4/2/2025; SOFR + 1.33% thereafter) due 4/2/2026(2) |
500,000 | 472,580 | ||||||
3.864% (3.864% fixed rate until 7/23/2023; LIBOR 3 Month + 0.94% thereafter) due 7/23/2024(2) |
500,000 | 492,920 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Commercial Banks (continued) |
||||||||
Credit Suisse Group AG |
||||||||
3.75% due 3/26/2025 |
$ | 500,000 | $ | 465,945 | ||||
Discover Bank |
||||||||
3.35% due 2/6/2023 |
500,000 | 497,695 | ||||||
Goldman Sachs Group, Inc. |
||||||||
3.272% (3.272% fixed rate until 9/29/2024; LIBOR 3 Month + 1.20% thereafter) due 9/29/2025(2) |
500,000 | 476,415 | ||||||
Huntington National Bank |
||||||||
3.55% due 10/6/2023 |
500,000 | 494,370 | ||||||
JPMorgan Chase & Co. |
||||||||
0.697% (0.697% fixed rate until 3/16/2023; SOFR + 0.58% thereafter) due 3/16/2024(2) |
500,000 | 489,890 | ||||||
2.301% (2.301% fixed rate until 10/15/2025; SOFR + 1.16% thereafter) due 10/15/2025(2) |
500,000 | 468,930 | ||||||
Mitsubishi UFJ Financial Group, Inc. |
||||||||
0.962% (0.962% fixed rate until 10/11/2024; H15T1Y + 0.45% thereafter) due 10/11/2025(2) |
500,000 | 455,280 | ||||||
3.761% due 7/26/2023 |
500,000 | 494,470 | ||||||
Morgan Stanley |
||||||||
2.72% (2.72% fixed rate until 7/22/2024; SOFR + 1.15% thereafter) due 7/22/2025(2) |
500,000 | 474,065 | ||||||
3.737% (3.737% fixed rate until 4/24/2023; LIBOR 3 Month + 0.85% thereafter) due 4/24/2024(2) |
500,000 | 494,740 | ||||||
PNC Bank NA |
||||||||
3.80% due 7/25/2023 |
500,000 | 496,365 | ||||||
3.875% due 4/10/2025 |
500,000 | 483,620 | ||||||
|
|
|||||||
6,757,285 | ||||||||
|
|
|||||||
Computers 0.2% |
||||||||
Apple, Inc. |
||||||||
2.75% due 1/13/2025 |
500,000 | 481,230 | ||||||
|
|
|||||||
481,230 | ||||||||
|
|
|||||||
Diversified Financial Services 0.5% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
4.875% due 1/16/2024 |
500,000 | 492,475 | ||||||
American Express Co. |
||||||||
3.375% due 5/3/2024 |
500,000 | 487,635 | ||||||
|
|
|||||||
980,110 | ||||||||
|
|
|||||||
Electric 0.5% |
||||||||
DTE Energy Co. |
||||||||
2.529% due 10/1/2024 |
500,000 | 475,610 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
||||||||
Electric (continued) |
||||||||
Public Service Enterprise Group, Inc. |
||||||||
2.875% due 6/15/2024 |
$ | 500,000 | $ | 481,180 | ||||
|
|
|||||||
956,790 | ||||||||
|
|
|||||||
Electronics 0.2% |
||||||||
Honeywell International, Inc. |
||||||||
2.30% due 8/15/2024 |
500,000 | 480,060 | ||||||
|
|
|||||||
480,060 | ||||||||
|
|
|||||||
Entertainment 0.2% |
||||||||
Warnermedia Holdings, Inc. |
||||||||
3.428% due 3/15/2024(1) |
500,000 | 483,605 | ||||||
|
|
|||||||
483,605 | ||||||||
|
|
|||||||
Healthcare-Products 0.2% |
||||||||
Abbott Laboratories |
||||||||
3.40% due 11/30/2023 |
400,000 | 395,372 | ||||||
|
|
|||||||
395,372 | ||||||||
|
|
|||||||
Healthcare-Services 0.2% |
||||||||
UnitedHealth Group, Inc. |
||||||||
0.55% due 5/15/2024 |
500,000 | 468,590 | ||||||
|
|
|||||||
468,590 | ||||||||
|
|
|||||||
Insurance 0.2% |
||||||||
Chubb INA Holdings, Inc. |
||||||||
3.35% due 5/15/2024 |
500,000 | 488,230 | ||||||
|
|
|||||||
488,230 | ||||||||
|
|
|||||||
Lodging 0.3% |
||||||||
Marriott International, Inc. |
||||||||
3.60% due 4/15/2024 |
500,000 | 488,405 | ||||||
|
|
|||||||
488,405 | ||||||||
|
|
|||||||
Media 0.3% |
||||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
4.50% due 2/1/2024 |
500,000 | 494,335 | ||||||
|
|
|||||||
494,335 | ||||||||
|
|
|||||||
Oil & Gas 0.2% |
||||||||
Canadian Natural Resources Ltd. |
||||||||
3.90% due 2/1/2025 |
500,000 | 482,570 | ||||||
|
|
|||||||
482,570 | ||||||||
|
|
|||||||
Pharmaceuticals 0.2% |
||||||||
Bristol Myers Squibb Co. |
||||||||
2.90% due 7/26/2024 |
500,000 | 485,135 | ||||||
|
|
|||||||
485,135 | ||||||||
|
|
|||||||
Pipelines 0.3% |
||||||||
Energy Transfer LP |
||||||||
5.875% due 1/15/2024 |
500,000 | 501,135 | ||||||
|
|
|||||||
501,135 | ||||||||
|
|
|||||||
Real Estate Investment Trusts (REITs) 0.7% |
||||||||
Boston Properties LP |
||||||||
3.20% due 1/15/2025 |
500,000 | 477,000 | ||||||
Essex Portfolio LP |
||||||||
3.50% due 4/1/2025 |
500,000 | 481,195 | ||||||
Simon Property Group LP |
||||||||
3.375% due 10/1/2024 |
500,000 | 485,120 | ||||||
|
|
|||||||
1,443,315 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Retail 0.3% |
||||||||
Target Corp. |
||||||||
3.50% due 7/1/2024 |
$ | 500,000 | $ | 491,735 | ||||
|
|
|||||||
491,735 | ||||||||
|
|
|||||||
Semiconductors 0.7% |
||||||||
Broadcom Corp. / Broadcom Cayman Finance Ltd. |
||||||||
3.625% due 1/15/2024 |
500,000 | 490,530 | ||||||
NXP BV / NXP Funding LLC |
||||||||
4.875% due 3/1/2024 |
1,000,000 | 989,030 | ||||||
|
|
|||||||
1,479,560 | ||||||||
|
|
|||||||
Telecommunications 0.5% |
||||||||
Verizon Communications, Inc. |
||||||||
3.376% due 2/15/2025 |
500,000 | 483,680 | ||||||
Vodafone Group PLC |
||||||||
3.75% due 1/16/2024 |
500,000 | 494,085 | ||||||
|
|
|||||||
977,765 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
19,768,792 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 5.0% |
||||||||
Benchmark Mortgage Trust |
||||||||
2018-B3 AS |
||||||||
4.195% due 4/10/2051(2)(3) |
1,150,000 | 1,048,417 | ||||||
Commercial Mortgage Trust |
||||||||
2017-COR2 A3 3.51% due 9/10/2050 |
1,200,000 | 1,105,208 | ||||||
2019-GC44 AM 3.263% due 8/15/2057 |
1,085,000 | 910,840 | ||||||
DBGS Mortgage Trust |
||||||||
2018-C1 AM |
||||||||
4.76% due 10/15/2051(2)(3) |
1,100,000 | 1,020,884 | ||||||
DBUBS Mortgage Trust |
||||||||
2017-BRBK A |
||||||||
3.452% due 10/10/2034(1) |
793,000 | 752,523 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2022-DNA1 M1A |
||||||||
3.281% due 1/25/2042(1)(2)(3) |
560,189 | 543,957 | ||||||
Hilton USA Trust |
||||||||
2016-HHV A |
||||||||
3.719% due 11/5/2038(1) |
845,000 | 775,264 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust |
||||||||
2013-C9 AS |
||||||||
3.456% due 5/15/2046 |
970,000 | 954,502 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2015-NXS4 A4 3.718% due 12/15/2048 |
1,380,000 | 1,314,335 | ||||||
2016-LC25 A4 3.64% due 12/15/2059 |
1,380,000 | 1,290,290 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
440,000 | 428,204 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
10,144,424 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
September 30, 2022 (unaudited) |
Principal Amount |
Value | ||||||
U.S. Government Agencies 3.7% |
||||||||
Federal Farm Credit Banks Funding Corp. |
||||||||
2.64% due 4/8/2026 |
$ | 4,000,000 | $ | 3,779,960 | ||||
Federal Home Loan Bank |
||||||||
1.125% due 1/27/2025 |
4,000,000 | 3,708,640 | ||||||
|
|
|||||||
Total U.S. Government Agencies |
7,488,600 | |||||||
|
|
|||||||
U.S. Government Securities 40.3% |
||||||||
U.S. Treasury Note |
||||||||
0.125% due 2/15/2024 |
79,980,000 | 75,524,865 | ||||||
2.50% due 4/30/2024 |
1,000,000 | 972,031 | ||||||
2.625% due 7/31/2029 |
1,700,000 | 1,562,406 | ||||||
3.00% due 7/31/2024 |
4,200,000 | 4,106,485 | ||||||
|
|
|||||||
Total U.S. Government Securities |
82,165,787 | |||||||
|
|
|||||||
Shares | Value | |||||||
ExchangeTraded Funds 4.8% |
||||||||
Vanguard Short-Term Inflation-Protected Securities ETF |
204,000 | 9,814,440 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
9,814,440 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 3.9% |
||||||||
Repurchase Agreements 3.9% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 7,880,077 | 7,880,077 | |||||
|
|
|||||||
Total Repurchase Agreements |
7,880,077 | |||||||
|
|
|||||||
Total Investments 98.9% |
201,392,085 | |||||||
|
|
|||||||
Assets in excess of other liabilities(5) 1.1% |
2,267,243 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 203,659,328 | ||||||
|
|
(1) | Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At September 30, 2022, the aggregate market value of these securities amounted to $24,532,998, representing 12.0% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
(2) | Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at September 30, 2022. |
(3) | Variable coupon rate based on weighted average interest rate of underlying mortgages. |
(4) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value |
||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 8,393,100 | $ | 8,037,703 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
(5) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts and centrally cleared swap contracts as follows: |
Open futures contracts at September 30, 2022:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2022 | 172 | Long | $ | 35,702,581 | $ | 35,327,188 | $ | (375,393 | ) | ||||||||||||||
U.S. 10-Year Treasury Note |
December 2022 | 23 | Long | 2,572,047 | 2,577,438 | 5,391 | ||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 38,274,628 | $ | 37,904,626 | $ | (370,002 | ) | ||||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||
U.S. 5-Year Treasury Note |
December 2022 | 133 | Short | $ | (14,285,637 | ) | $ | (14,298,539 | ) | $ | (12,902 | ) | ||||||||||||
U.S. Long Bond |
December 2022 | 7 | Short | (913,915 | ) | (884,844 | ) | 29,071 | ||||||||||||||||
U.S. Ultra Bond |
December 2022 | 10 | Short | (1,456,526 | ) | (1,370,000 | ) | 86,526 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (16,656,078 | ) | $ | (16,553,383 | ) | $ | 102,695 | |||||||||||||||
|
|
|
|
|
|
Centrally cleared credit default swap agreements buy protection(6):
Reference Entity |
Implied Credit Spread at 9/30/22(7) |
Notional Amount(8) |
Maturity |
(Pay)/Receive Fixed Rate |
Periodic Payment Frequency |
Upfront Payments |
Value | Unrealized Depreciation |
||||||||||||||||||||||||||||
CDX.NA.HY.S39 |
6.10 | % | USD | 25,500,000 | 12/20/2027 | (5.00 | )% | Quarterly | $ | 1,194,584 | $ | 1,046,503 | $ | (148,081 | ) |
(6) | When a credit event occurs as defined under the terms of the swap agreement, the Fund as a buyer of credit protection will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced obligation or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation. |
(7) | Implied credit spread, represented in absolute terms, utilized in determining the value of the credit default swap agreements as of period end will serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a referenced entity reflects the cost of buying/selling protection and may include payments required to be made to enter into the agreement. Generally, wider credit spreads represent a perceived deterioration of the referenced entitys credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the swap agreement. |
(8) | The notional amount represents the maximum potential amount the Fund could be required to pay as a buyer of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the CDX North America High Yield Index. |
Legend:
H15T1Y 1-year Constant Maturity Treasury Rate
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing Rate
USD United States Dollar
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SHORT DURATION BOND VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Agency MortgageBacked Securities |
$ | | $ | 19,475,365 | $ | | $ | 19,475,365 | ||||||||
AssetBacked Securities |
| 44,654,600 | | 44,654,600 | ||||||||||||
Corporate Bonds & Notes |
| 19,768,792 | | 19,768,792 | ||||||||||||
NonAgency MortgageBacked Securities |
| 10,144,424 | | 10,144,424 | ||||||||||||
U.S. Government Agencies |
| 7,488,600 | | 7,488,600 | ||||||||||||
U.S. Government Securities |
| 82,165,787 | | 82,165,787 | ||||||||||||
ExchangeTraded Funds |
9,814,440 | | | 9,814,440 | ||||||||||||
Repurchase Agreements |
| 7,880,077 | | 7,880,077 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 9,814,440 | $ | 191,577,645 | $ | | $ | 201,392,085 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
| |||||||||||||||
Futures Contracts |
|
|||||||||||||||
Assets |
$ | 120,988 | $ | | $ | | $ | 120,988 | ||||||||
Liabilities |
(388,295 | ) | | | (388,295 | ) | ||||||||||
Swap Contracts |
|
|||||||||||||||
Liabilities |
| (148,081 | ) | | (148,081 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (267,307 | ) | $ | (148,081 | ) | $ | | $ | (415,388 | ) | |||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL-MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.0% |
| |||||||
Aerospace & Defense 1.3% |
| |||||||
MTU Aero Engines AG (Germany) |
23,138 | $ | 3,491,605 | |||||
|
|
|||||||
3,491,605 | ||||||||
|
|
|||||||
Auto Components 1.0% |
| |||||||
Dana, Inc. |
233,605 | 2,670,105 | ||||||
|
|
|||||||
2,670,105 | ||||||||
|
|
|||||||
Banks 2.4% |
| |||||||
Pinnacle Financial Partners, Inc. |
35,514 | 2,880,185 | ||||||
Webster Financial Corp. |
78,900 | 3,566,280 | ||||||
|
|
|||||||
6,446,465 | ||||||||
|
|
|||||||
Biotechnology 0.2% |
| |||||||
Sage Therapeutics, Inc.(1) |
15,158 | 593,587 | ||||||
|
|
|||||||
593,587 | ||||||||
|
|
|||||||
Building Products 9.3% |
| |||||||
Advanced Drainage Systems, Inc. |
27,398 | 3,407,489 | ||||||
Armstrong World Industries, Inc. |
65,469 | 5,187,109 | ||||||
AZEK Co., Inc.(1) |
191,146 | 3,176,847 | ||||||
Carlisle Cos., Inc. |
20,584 | 5,771,960 | ||||||
Masonite International Corp.(1) |
76,325 | 5,441,209 | ||||||
Tecnoglass, Inc. |
95,771 | 2,010,233 | ||||||
|
|
|||||||
24,994,847 | ||||||||
|
|
|||||||
Capital Markets 2.0% |
| |||||||
Cboe Global Markets, Inc. |
29,065 | 3,411,359 | ||||||
Raymond James Financial, Inc. |
20,248 | 2,000,907 | ||||||
|
|
|||||||
5,412,266 | ||||||||
|
|
|||||||
Chemicals 4.3% |
| |||||||
Ashland, Inc. |
53,870 | 5,116,034 | ||||||
Quaker Chemical Corp. |
23,524 | 3,396,395 | ||||||
Westlake Corp. |
35,921 | 3,120,817 | ||||||
|
|
|||||||
11,633,246 | ||||||||
|
|
|||||||
Commercial Services & Supplies 3.8% |
| |||||||
IAA, Inc.(1) |
132,463 | 4,218,946 | ||||||
Republic Services, Inc. |
26,128 | 3,554,453 | ||||||
Stericycle, Inc.(1) |
59,405 | 2,501,545 | ||||||
|
|
|||||||
10,274,944 | ||||||||
|
|
|||||||
Construction & Engineering 0.9% |
| |||||||
API Group Corp.(1) |
189,455 | 2,514,068 | ||||||
|
|
|||||||
2,514,068 | ||||||||
|
|
|||||||
Containers & Packaging 1.0% |
| |||||||
Crown Holdings, Inc. |
31,981 | 2,591,420 | ||||||
|
|
|||||||
2,591,420 | ||||||||
|
|
|||||||
Diversified Consumer Services 1.2% |
| |||||||
Service Corp. International |
54,554 | 3,149,948 | ||||||
|
|
|||||||
3,149,948 | ||||||||
|
|
|||||||
Electrical Equipment 3.2% |
| |||||||
Atkore, Inc.(1) |
71,387 | 5,554,622 | ||||||
Regal Rexnord Corp. |
21,661 | 3,040,338 | ||||||
|
|
|||||||
8,594,960 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.6% |
| |||||||
Teledyne Technologies, Inc.(1) |
12,602 | 4,252,797 | ||||||
|
|
|||||||
4,252,797 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL-MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Equity Real Estate Investment Trusts (REITs) 9.6% |
| |||||||
American Homes 4 Rent, Class A |
128,612 | $ | 4,219,760 | |||||
Apartment Income REIT Corp. |
95,035 | 3,670,251 | ||||||
Life Storage, Inc. |
33,400 | 3,699,384 | ||||||
SBA Communications Corp. |
13,789 | 3,925,039 | ||||||
Sun Communities, Inc. |
39,185 | 5,302,906 | ||||||
VICI Properties, Inc. |
165,393 | 4,936,981 | ||||||
|
|
|||||||
25,754,321 | ||||||||
|
|
|||||||
Food Products 1.0% |
| |||||||
Nomad Foods Ltd.(1) |
188,768 | 2,680,506 | ||||||
|
|
|||||||
2,680,506 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 4.8% |
| |||||||
Haemonetics Corp.(1) |
61,816 | 4,576,239 | ||||||
Integer Holdings Corp.(1) |
54,527 | 3,393,215 | ||||||
LivaNova PLC(1) |
80,639 | 4,094,042 | ||||||
ViewRay, Inc.(1) |
257,600 | 937,664 | ||||||
|
|
|||||||
13,001,160 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.5% |
| |||||||
HealthEquity, Inc.(1) |
78,805 | 5,293,332 | ||||||
Humana, Inc. |
8,360 | 4,056,188 | ||||||
|
|
|||||||
9,349,520 | ||||||||
|
|
|||||||
Health Care Technology 0.6% |
| |||||||
Schrodinger, Inc.(1) |
58,475 | 1,460,706 | ||||||
|
|
|||||||
1,460,706 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.1% |
| |||||||
Planet Fitness, Inc., Class A(1) |
52,958 | 3,053,558 | ||||||
|
|
|||||||
3,053,558 | ||||||||
|
|
|||||||
Household Durables 0.9% |
| |||||||
Mohawk Industries, Inc.(1) |
26,380 | 2,405,592 | ||||||
|
|
|||||||
2,405,592 | ||||||||
|
|
|||||||
Household Products 1.2% |
| |||||||
Church & Dwight Co., Inc. |
46,161 | 3,297,742 | ||||||
|
|
|||||||
3,297,742 | ||||||||
|
|
|||||||
Insurance 5.2% |
| |||||||
Arch Capital Group Ltd.(1) |
99,019 | 4,509,325 | ||||||
Axis Capital Holdings Ltd. |
90,522 | 4,449,157 | ||||||
Reinsurance Group of America, Inc. |
39,146 | 4,924,958 | ||||||
|
|
|||||||
13,883,440 | ||||||||
|
|
|||||||
Interactive Media & Services 1.1% |
| |||||||
Bumble, Inc., Class A(1) |
139,034 | 2,987,841 | ||||||
|
|
|||||||
2,987,841 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 1.4% |
| |||||||
RealReal, Inc.(1) |
269,825 | 404,738 | ||||||
Revolve Group, Inc.(1) |
156,957 | 3,404,397 | ||||||
|
|
|||||||
3,809,135 | ||||||||
|
|
|||||||
IT Services 1.8% |
| |||||||
Genpact Ltd. |
49,947 | 2,186,180 | ||||||
Okta, Inc.(1) |
45,167 | 2,568,648 | ||||||
|
|
|||||||
4,754,828 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL-MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Life Sciences Tools & Services 3.5% |
| |||||||
Azenta, Inc. |
63,380 | $ | 2,716,467 | |||||
Bio-Rad Laboratories, Inc., Class A(1) |
12,145 | 5,066,165 | ||||||
Codexis, Inc.(1) |
125,604 | 761,160 | ||||||
Sotera Health Co.(1) |
105,944 | 722,538 | ||||||
|
|
|||||||
9,266,330 | ||||||||
|
|
|||||||
Machinery 1.0% |
| |||||||
Ingersoll Rand, Inc. |
62,915 | 2,721,703 | ||||||
|
|
|||||||
2,721,703 | ||||||||
|
|
|||||||
Metals & Mining 1.0% |
| |||||||
Steel Dynamics, Inc. |
38,191 | 2,709,652 | ||||||
|
|
|||||||
2,709,652 | ||||||||
|
|
|||||||
Personal Products 1.4% |
| |||||||
elf Beauty, Inc.(1) |
78,223 | 2,942,749 | ||||||
Honest Co., Inc.(1) |
261,258 | 914,403 | ||||||
|
|
|||||||
3,857,152 | ||||||||
|
|
|||||||
Professional Services 2.3% |
| |||||||
Booz Allen Hamilton Holding Corp. |
39,299 | 3,629,263 | ||||||
Dun & Bradstreet Holdings, Inc. |
203,614 | 2,522,777 | ||||||
|
|
|||||||
6,152,040 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 3.1% |
| |||||||
Marvell Technology, Inc. |
85,660 | 3,675,671 | ||||||
ON Semiconductor Corp.(1) |
73,340 | 4,571,282 | ||||||
|
|
|||||||
8,246,953 | ||||||||
|
|
|||||||
Software 11.5% |
| |||||||
8x8, Inc.(1) |
191,487 | 660,630 | ||||||
Black Knight, Inc.(1) |
71,299 | 4,615,184 | ||||||
Fair Isaac Corp.(1) |
9,533 | 3,927,691 | ||||||
Instructure Holdings, Inc.(1) |
173,659 | 3,869,123 | ||||||
New Relic, Inc.(1) |
36,030 | 2,067,401 | ||||||
PagerDuty, Inc.(1) |
173,185 | 3,995,378 | ||||||
Q2 Holdings, Inc.(1) |
84,943 | 2,735,165 | ||||||
Qualtrics International, Inc., Class A(1) |
324,531 | 3,303,726 | ||||||
SPS Commerce, Inc.(1) |
27,854 | 3,460,302 | ||||||
WalkMe Ltd.(1) |
277,199 | 2,356,192 | ||||||
|
|
|||||||
30,990,792 | ||||||||
|
|
|||||||
Specialty Retail 4.4% |
| |||||||
Burlington Stores, Inc.(1) |
33,209 | 3,715,755 | ||||||
Leslies, Inc.(1) |
241,510 | 3,552,612 | ||||||
National Vision Holdings, Inc.(1) |
89,687 | 2,928,281 | ||||||
Tractor Supply Co. |
9,092 | 1,690,021 | ||||||
|
|
|||||||
11,886,669 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.5% |
| |||||||
Deckers Outdoor Corp.(1) |
12,440 | 3,888,868 | ||||||
|
|
|||||||
3,888,868 | ||||||||
|
|
|||||||
Thrifts & Mortgage Finance 1.2% |
| |||||||
Essent Group Ltd. |
88,768 | 3,095,340 | ||||||
|
|
|||||||
3,095,340 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL-MID CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Trading Companies & Distributors 2.7% |
| |||||||
Air Lease Corp. |
104,015 | $ | 3,225,505 | |||||
United Rentals, Inc.(1) |
15,158 | 4,094,479 | ||||||
|
|
|||||||
7,319,984 | ||||||||
|
|
|||||||
Total Common Stocks |
263,194,090 | |||||||
|
|
|||||||
ExchangeTraded Funds 1.4% |
||||||||
SPDR S&P Biotech ETF(1) |
46,357 | 3,677,037 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
3,677,037 | |||||||
|
|
|||||||
Principal Amount |
Value |
|||||||
ShortTerm Investments 0.5% |
||||||||
Repurchase Agreements 0.5% |
||||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 1,357,741 | 1,357,741 | |||||
|
|
|||||||
Total Repurchase Agreements |
1,357,741 | |||||||
|
|
|||||||
Total Investments 99.9% |
268,228,868 | |||||||
|
|
|||||||
Assets in excess of other liabilities 0.1% |
271,432 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 268,500,300 | ||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 1,446,200 | $ | 1,384,962 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL-MID CAP CORE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 259,702,485 | $ | 3,491,605 | * | $ | | $ | 263,194,090 | |||||||
ExchangeTraded Funds |
3,677,037 | | | 3,677,037 | ||||||||||||
Repurchase Agreements |
| 1,357,741 | | 1,357,741 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 263,379,522 | $ | 4,849,346 | $ | | $ | 268,228,868 | ||||||||
|
|
|
|
|
|
|
|
* | Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1. |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks 95.4% |
| |||||||
Aerospace & Defense 2.0% |
| |||||||
Lockheed Martin Corp. |
8,656 | $ | 3,343,726 | |||||
Northrop Grumman Corp. |
4,161 | 1,957,002 | ||||||
|
|
|||||||
5,300,728 | ||||||||
|
|
|||||||
Banks 2.2% |
| |||||||
JPMorgan Chase & Co. |
37,396 | 3,907,882 | ||||||
U.S. Bancorp |
41,699 | 1,681,304 | ||||||
|
|
|||||||
5,589,186 | ||||||||
|
|
|||||||
Beverages 3.0% |
| |||||||
Coca-Cola Co. |
103,946 | 5,823,055 | ||||||
Keurig Dr Pepper, Inc. |
56,800 | 2,034,576 | ||||||
|
|
|||||||
7,857,631 | ||||||||
|
|
|||||||
Biotechnology 2.2% |
| |||||||
AbbVie, Inc. |
41,922 | 5,626,352 | ||||||
|
|
|||||||
5,626,352 | ||||||||
|
|
|||||||
Capital Markets 3.1% |
| |||||||
Cboe Global Markets, Inc. |
13,675 | 1,605,035 | ||||||
CME Group, Inc. |
5,158 | 913,636 | ||||||
Houlihan Lokey, Inc. |
34,464 | 2,597,896 | ||||||
Intercontinental Exchange, Inc. |
32,228 | 2,911,800 | ||||||
|
|
|||||||
8,028,367 | ||||||||
|
|
|||||||
Chemicals 0.6% |
| |||||||
LyondellBasell Industries NV, Class A |
22,049 | 1,659,849 | ||||||
|
|
|||||||
1,659,849 | ||||||||
|
|
|||||||
Communications Equipment 0.4% |
| |||||||
Motorola Solutions, Inc. |
4,401 | 985,692 | ||||||
|
|
|||||||
985,692 | ||||||||
|
|
|||||||
Construction & Engineering 0.7% |
| |||||||
AECOM |
26,680 | 1,824,112 | ||||||
|
|
|||||||
1,824,112 | ||||||||
|
|
|||||||
Diversified Consumer Services 0.3% |
| |||||||
Service Corp. International |
13,751 | 793,983 | ||||||
|
|
|||||||
793,983 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 1.1% |
| |||||||
Verizon Communications, Inc. |
75,267 | 2,857,888 | ||||||
|
|
|||||||
2,857,888 | ||||||||
|
|
|||||||
Electric Utilities 2.1% |
| |||||||
American Electric Power Co., Inc. |
40,640 | 3,513,328 | ||||||
NextEra Energy, Inc. |
25,324 | 1,985,655 | ||||||
|
|
|||||||
5,498,983 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 0.8% |
| |||||||
CDW Corp. |
13,150 | 2,052,452 | ||||||
|
|
|||||||
2,052,452 | ||||||||
|
|
|||||||
Entertainment 1.7% |
| |||||||
Electronic Arts, Inc. |
38,428 | 4,446,504 | ||||||
|
|
|||||||
4,446,504 | ||||||||
|
|
|||||||
Equity Real Estate Investment Trusts (REITs) 0.2% |
| |||||||
Sun Communities, Inc. |
4,691 | 634,833 | ||||||
|
|
|||||||
634,833 | ||||||||
|
|
|||||||
Food & Staples Retailing 2.3% |
| |||||||
Koninklijke Ahold Delhaize NV, ADR |
121,254 | 3,084,702 | ||||||
Walmart, Inc. |
22,222 | 2,882,193 | ||||||
|
|
|||||||
5,966,895 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Food Products 1.3% |
| |||||||
General Mills, Inc. |
43,843 | $ | 3,358,812 | |||||
|
|
|||||||
3,358,812 | ||||||||
|
|
|||||||
Health Care Providers & Services 6.2% |
| |||||||
Centene Corp.(1) |
35,849 | 2,789,410 | ||||||
CVS Health Corp. |
41,997 | 4,005,254 | ||||||
McKesson Corp. |
9,648 | 3,279,066 | ||||||
UnitedHealth Group, Inc. |
11,870 | 5,994,825 | ||||||
|
|
|||||||
16,068,555 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.5% |
| |||||||
Booking Holdings, Inc.(1) |
754 | 1,238,980 | ||||||
|
|
|||||||
1,238,980 | ||||||||
|
|
|||||||
Household Products 1.1% |
| |||||||
Procter & Gamble Co. |
23,456 | 2,961,320 | ||||||
|
|
|||||||
2,961,320 | ||||||||
|
|
|||||||
Insurance 5.9% |
| |||||||
Everest Re Group Ltd. |
9,743 | 2,556,953 | ||||||
Marsh & McLennan Cos., Inc. |
20,208 | 3,016,852 | ||||||
Progressive Corp. |
33,804 | 3,928,363 | ||||||
Selective Insurance Group, Inc. |
18,477 | 1,504,028 | ||||||
Willis Towers Watson PLC |
21,284 | 4,276,807 | ||||||
|
|
|||||||
15,283,003 | ||||||||
|
|
|||||||
Interactive Media & Services 3.7% |
| |||||||
Alphabet, Inc., Class C(1) |
88,594 | 8,518,313 | ||||||
Meta Platforms, Inc., Class A(1) |
8,783 | 1,191,677 | ||||||
|
|
|||||||
9,709,990 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 1.1% |
| |||||||
Amazon.com, Inc.(1) |
24,425 | 2,760,025 | ||||||
|
|
|||||||
2,760,025 | ||||||||
|
|
|||||||
IT Services 12.0% |
| |||||||
Amdocs Ltd. |
44,108 | 3,504,381 | ||||||
Automatic Data Processing, Inc. |
13,922 | 3,149,017 | ||||||
Fidelity National Information Services, Inc. |
53,268 | 4,025,463 | ||||||
Genpact Ltd. |
117,796 | 5,155,931 | ||||||
Mastercard, Inc., Class A |
8,154 | 2,318,508 | ||||||
Paychex, Inc. |
40,570 | 4,552,360 | ||||||
VeriSign, Inc.(1) |
24,047 | 4,176,964 | ||||||
Visa, Inc., Class A |
24,905 | 4,424,373 | ||||||
|
|
|||||||
31,306,997 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 0.5% |
| |||||||
Thermo Fisher Scientific, Inc. |
2,569 | 1,302,971 | ||||||
|
|
|||||||
1,302,971 | ||||||||
|
|
|||||||
Media 1.2% |
| |||||||
Comcast Corp., Class A |
103,866 | 3,046,390 | ||||||
|
|
|||||||
3,046,390 | ||||||||
|
|
|||||||
Multi-Utilities 1.2% |
| |||||||
Ameren Corp. |
25,398 | 2,045,809 | ||||||
CenterPoint Energy, Inc. |
38,755 | 1,092,116 | ||||||
|
|
|||||||
3,137,925 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Oil, Gas & Consumable Fuels 1.4% |
| |||||||
Shell PLC, ADR |
75,006 | $ | 3,732,298 | |||||
|
|
|||||||
3,732,298 | ||||||||
|
|
|||||||
Pharmaceuticals 7.0% |
| |||||||
Eli Lilly and Co. |
12,052 | 3,897,014 | ||||||
Johnson & Johnson |
23,975 | 3,916,556 | ||||||
Merck & Co., Inc. |
76,940 | 6,626,073 | ||||||
Roche Holding AG, ADR |
95,780 | 3,890,583 | ||||||
|
|
|||||||
18,330,226 | ||||||||
|
|
|||||||
Professional Services 1.9% |
| |||||||
Booz Allen Hamilton Holding Corp. |
39,792 | 3,674,791 | ||||||
RELX PLC, ADR |
53,740 | 1,306,419 | ||||||
|
|
|||||||
4,981,210 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 3.8% |
| |||||||
Analog Devices, Inc. |
4,151 | 578,400 | ||||||
Broadcom, Inc. |
13,782 | 6,119,346 | ||||||
KLA Corp. |
7,050 | 2,133,542 | ||||||
Texas Instruments, Inc. |
6,540 | 1,012,261 | ||||||
|
|
|||||||
9,843,549 | ||||||||
|
|
|||||||
Software 13.4% |
| |||||||
Adobe, Inc.(1) |
10,320 | 2,840,064 | ||||||
Microsoft Corp. |
75,164 | 17,505,695 | ||||||
NortonLifeLock, Inc. |
216,369 | 4,357,672 | ||||||
Oracle Corp. |
78,439 | 4,790,270 | ||||||
ServiceNow, Inc.(1) |
6,080 | 2,295,869 | ||||||
VMware, Inc., Class A |
28,735 | 3,059,128 | ||||||
|
|
|||||||
34,848,698 | ||||||||
|
|
|||||||
Specialty Retail 4.6% |
| |||||||
AutoZone, Inc.(1) |
3,746 | 8,023,670 | ||||||
OReilly Automotive, Inc.(1) |
5,735 | 4,033,712 | ||||||
|
|
|||||||
12,057,382 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 3.7% |
| |||||||
Apple, Inc. |
70,094 | 9,686,991 | ||||||
|
|
|||||||
9,686,991 | ||||||||
|
|
|||||||
Tobacco 2.2% |
| |||||||
Altria Group, Inc. |
49,511 | 1,999,254 | ||||||
Philip Morris International, Inc. |
44,856 | 3,723,497 | ||||||
|
|
|||||||
5,722,751 | ||||||||
|
|
|||||||
Total Common Stocks |
|
248,501,528 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investments 4.6% |
| |||||||
Repurchase Agreements 4.6% |
| |||||||
Fixed Income Clearing Corp., 0.83%, dated 9/30/2022, proceeds at maturity value of |
$ | 11,919,193 | 11,919,193 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
11,919,193 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND
September 30, 2022 (unaudited) |
Value | |||
Total Investments 100.0% |
$ | 260,420,721 | ||
|
|
|||
Liabilities in excess of other assets (0.0)% |
(11,151 | ) | ||
|
|
|||
Total Net Assets 100.0% |
$ | 260,409,570 | ||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
0.75 | % | 12/31/2023 | $ | 12,695,200 | $ | 12,157,634 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND
The following is a summary of the inputs used as of September 30, 2022 in valuing the Funds investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.
Valuation Inputs | ||||||||||||||||
Investments in Securities (unaudited) |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks |
$ | 248,501,528 | $ | | $ | | $ | 248,501,528 | ||||||||
Repurchase Agreements |
| 11,919,193 | | 11,919,193 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 248,501,528 | $ | 11,919,193 | $ | | $ | 260,420,721 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
Notes to Schedule of Investments (unaudited)
Restricted and Illiquid Securities
A restricted security cannot be resold to the general public without prior registration under the Securities Act of 1933, as amended (except pursuant to an applicable exemption). The values of these securities may be highly volatile. If the security is subsequently registered and resold, the issuer would typically bear the expense of all registrations at no cost to a Fund. Restricted and illiquid securities are valued according to the policies and procedures adopted by the Trusts Board of Trustees and are noted, if any, in the Funds Schedule of Investments. As of September 30, 2022, Guardian Mid Cap Relative Value VIP Fund held two illiquid securities, and Guardian Diversified Research VIP Fund and Guardian Core Plus Fixed Income VIP Fund each held one illiquid security.
Fair Value Measurements
In accordance with Financial Accounting Standards Board (FASB) Codification Topic 820 (ASC Topic 820), fair value is defined as the price that the Fund would receive upon selling an investment in an arms length transaction to a willing buyer in the principal or most advantageous market for the investment. ASC Topic 820 established a hierarchy for classification of fair value measurements for disclosure purposes. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entitys own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. The hierarchy of inputs is summarized in the three broad levels listed below.
| Level 1 unadjusted inputs using quoted prices in active markets for identical investments. |
| Level 2 other significant observable inputs, including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risks, etc.) or other market corroborated inputs. |
| Level 3 significant unobservable inputs (including the Funds own assumptions in determining the fair value of investments). |
Inputs may include price information, volatility statistics, specific and broad credit data, liquidity statistics, and other factors. A financial instruments level within the fair value hierarchy is based on the lowest level of any input; both individually and in aggregate, that is significant to the fair value measurement. However, the determination of what constitutes observable requires significant judgment by the Trust. The Trust considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, and provided by independent sources that are actively involved in the relevant market. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Changes in valuation techniques may result in transfers into or out of a financial instruments assigned level within the hierarchy.
The FASB requires reporting entities to make disclosures about purchases, sales, issuances and settlements of Level 3 securities on a gross basis. As of September 30, 2022, there were no transfers into or out of Level 3 of the fair value hierarchy.
The Funds policy is to recognize transfers between Level 1, Level 2 and Level 3 at the end of the reporting period. Transfers between Levels 1 and 2 related to certain exchange-traded foreign securities whose prices may have been affected by events occurring after the close of trading on the exchange and, as a result, whose value were determined by a pricing service using pricing models in accordance with methods approved by the Funds Board of Trustees. Transfers between Levels 2 and 3 relate to securities which have significant unobservable inputs, as they trade infrequently or not at all.
In determining a financial instruments placement within the hierarchy, the Trust separates the Funds investment portfolios into two categories: investments and derivatives (e.g., futures). A summary of inputs used to value the Funds assets and liabilities carried at fair value as of September 30, 2022 is included in the Schedule of Investments.
Investments Investments whose values are based on quoted market prices in active markets, and are therefore classified within Level 1, include active listed equities. Investments that trade in markets that are not considered to be active, but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs are classified within Level 2. These include certain U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, state, municipal and provincial obligations, and certain foreign equity securities, including securities whose prices may have been affected by events occurring after the close of trading on their principal exchange or market and, as a result, whose values are determined by a pricing service as described above, or securities whose values are otherwise determined using fair valuation methods approved by the Funds Board of Trustees.
Investments classified within Level 3 have significant unobservable inputs, as they trade infrequently or not at all. Level 3 investments include, among others, private placement securities. When observable prices are not available for these securities, the Trust uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the Trust in estimating the value of Level 3 investments include, for example, the original transaction price, recent transactions in the same or similar instruments, completed or pending third-party transactions in the underlying investment or comparable issuers, subsequent rounds of financing, recapitalizations, and other transactions across the capital structure. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Trust in the absence of market information. Assumptions used by the Trust due to the lack of observable inputs may significantly impact the resulting fair value and therefore the Funds results of operations. As of September 30, 2022, the Funds had no securities classified as Level 3.
Derivatives Exchange-traded derivatives, such as futures contracts, exchange-traded option contracts and certain swaps, are typically classified within Level 1 or Level 2 of the fair value hierarchy depending on whether or not they are deemed to be actively traded. Certain non-exchange-traded derivatives, such as generic forwards, certain swaps and options, have inputs which can generally be corroborated by market data and are therefore classified within Level 2. During the period ended September 30, 2022, Guardian Balanced Allocation VIP Fund, Guardian Core Fixed Income VIP Fund, Guardian Core Plus Fixed Income VIP Fund, Guardian Multi-Sector Bond VIP Fund, Guardian Short Duration Bond VIP Fund, Guardian Total Return Bond VIP Fund, and Guardian U.S. Government Securities VIP Fund entered into U.S. Treasury futures contracts to manage portfolio duration. During the period ended September 30, 2022, Guardian Select Mid Cap Core VIP Fund entered into equity futures contracts to equitize cash and keep the Fund fully invested. During the period ended September 30, 2022, Guardian Multi-Sector Bond VIP Fund, Guardian Short Duration Bond VIP Fund, and Guardian Total Return Bond VIP Fund entered into credit default swaps for risk exposure management and to enhance potential return.
As of September 8, 2022, the Board of Trustees has designated Park Avenue Institutional Advisers LLC, the Funds investment adviser (Park Avenue) as the Funds valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940 (the Valuation Designee). Subject to the oversight of the Board of Trustees, the Valuation Designee monitors the appropriateness of fair values based on results of ongoing valuation oversight, including but not limited to consideration of security specific events, market events, and pricing vendor and broker-dealer due diligence under policies and procedures approved by the Board of Trustees. The Valuation Designee oversees and carries out the policies for the valuation of investments held in the Fund. The Valuation Designee is responsible for assessing the potential impacts to the fair values on an ongoing basis, and provides fair value reports to the Board of Trustees on at least a quarterly basis.
For information about the Funds policy regarding valuation of investments and other significant accounting policies, please see the Funds most recent annual report to shareholders filed on the Securities and Exchange Commissions website at https://www.sec.gov.