SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.2% |
| |||||||
Aerospace & Defense 2.2% |
| |||||||
CAE, Inc. (Canada)(1) |
9,316 | $ | 278,318 | |||||
General Dynamics Corp. |
2,208 | 432,834 | ||||||
Northrop Grumman Corp. |
4,311 | 1,552,607 | ||||||
Raytheon Technologies Corp. |
19,273 | 1,656,707 | ||||||
The Boeing Co.(1) |
1,425 | 313,414 | ||||||
|
|
|||||||
4,233,880 | ||||||||
|
|
|||||||
Airlines 0.2% |
| |||||||
Southwest Airlines Co.(1) |
8,939 | 459,733 | ||||||
|
|
|||||||
459,733 | ||||||||
|
|
|||||||
Automobiles 1.6% |
| |||||||
General Motors Co.(1) |
7,948 | 418,939 | ||||||
Tesla, Inc.(1) |
3,439 | 2,666,876 | ||||||
|
|
|||||||
3,085,815 | ||||||||
|
|
|||||||
Banks 3.3% |
| |||||||
Bank of America Corp. |
46,548 | 1,975,963 | ||||||
Citigroup, Inc. |
58,719 | 4,120,899 | ||||||
Silvergate Capital Corp., Class A(1) |
1,245 | 143,797 | ||||||
|
|
|||||||
6,240,659 | ||||||||
|
|
|||||||
Beverages 2.3% |
| |||||||
Constellation Brands, Inc., Class A |
882 | 185,828 | ||||||
Molson Coors Beverage Co., Class B |
8,810 | 408,608 | ||||||
PepsiCo, Inc. |
16,131 | 2,426,264 | ||||||
The Coca-Cola Co. |
25,163 | 1,320,303 | ||||||
|
|
|||||||
4,341,003 | ||||||||
|
|
|||||||
Biotechnology 2.9% |
| |||||||
AbbVie, Inc. |
17,691 | 1,908,328 | ||||||
Amgen, Inc. |
2,160 | 459,324 | ||||||
Biogen, Inc.(1) |
1,783 | 504,571 | ||||||
Gilead Sciences, Inc. |
6,319 | 441,382 | ||||||
Ironwood Pharmaceuticals, Inc.(1) |
40,721 | 531,816 | ||||||
Moderna, Inc.(1) |
1,591 | 612,313 | ||||||
Regeneron Pharmaceuticals, Inc.(1) |
1,573 | 951,948 | ||||||
|
|
|||||||
5,409,682 | ||||||||
|
|
|||||||
Building Products 1.0% |
| |||||||
Fortune Brands Home & Security, Inc. |
1,735 | 155,144 | ||||||
Johnson Controls International PLC |
24,532 | 1,670,138 | ||||||
|
|
|||||||
1,825,282 | ||||||||
|
|
|||||||
Capital Markets 4.1% |
| |||||||
Apollo Global Management, Inc. |
22,110 | 1,361,755 | ||||||
KKR & Co., Inc. |
26,999 | 1,643,699 | ||||||
Morgan Stanley |
11,744 | 1,142,808 | ||||||
Quilter PLC (United Kingdom)(2) |
431,751 | 823,204 | ||||||
The Goldman Sachs Group, Inc. |
7,455 | 2,818,214 | ||||||
|
|
|||||||
7,789,680 | ||||||||
|
|
|||||||
Chemicals 1.7% |
| |||||||
Albemarle Corp. |
544 | 119,120 | ||||||
Corteva, Inc. |
9,121 | 383,812 | ||||||
Diversey Holdings Ltd.(1) |
10,245 | 164,330 | ||||||
Dow, Inc. |
3,498 | 201,345 | ||||||
Eastman Chemical Co. |
2,099 | 211,453 | ||||||
Ecolab, Inc. |
1,447 | 301,873 | ||||||
Linde PLC |
2,114 | 620,205 | ||||||
PPG Industries, Inc. |
1,815 | 259,563 | ||||||
The Sherwin-Williams Co. |
3,265 | 913,318 | ||||||
|
|
|||||||
3,175,019 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Containers & Packaging 0.6% |
| |||||||
Avery Dennison Corp. |
3,690 | $ | 764,605 | |||||
Ball Corp. |
3,861 | 347,374 | ||||||
|
|
|||||||
1,111,979 | ||||||||
|
|
|||||||
Electric Utilities 2.8% |
| |||||||
Exelon Corp. |
28,383 | 1,372,034 | ||||||
NextEra Energy, Inc. |
17,615 | 1,383,130 | ||||||
NRG Energy, Inc. |
60,542 | 2,471,930 | ||||||
|
|
|||||||
5,227,094 | ||||||||
|
|
|||||||
Electrical Equipment 1.1% |
| |||||||
Eaton Corp. PLC |
7,913 | 1,181,490 | ||||||
Emerson Electric Co. |
10,035 | 945,297 | ||||||
|
|
|||||||
2,126,787 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 0.5% |
| |||||||
Vontier Corp. |
27,266 | 916,138 | ||||||
|
|
|||||||
916,138 | ||||||||
|
|
|||||||
Entertainment 1.9% |
| |||||||
Activision Blizzard, Inc. |
17,470 | 1,352,003 | ||||||
Sea Ltd., ADR(1) |
4,932 | 1,571,977 | ||||||
The Walt Disney Co.(1) |
3,966 | 670,928 | ||||||
|
|
|||||||
3,594,908 | ||||||||
|
|
|||||||
Equity Real Estate Investment 1.2% |
| |||||||
Gaming and Leisure Properties, Inc. REIT |
36,618 | 1,696,146 | ||||||
Vornado Realty Trust REIT |
12,232 | 513,866 | ||||||
|
|
|||||||
2,210,012 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.3% |
| |||||||
BJs Wholesale Club Holdings, Inc.(1) |
2,258 | 124,010 | ||||||
Costco Wholesale Corp. |
881 | 395,877 | ||||||
Walmart, Inc. |
13,792 | 1,922,329 | ||||||
|
|
|||||||
2,442,216 | ||||||||
|
|
|||||||
Food Products 0.2% |
| |||||||
McCormick & Co., Inc. |
5,097 | 413,010 | ||||||
|
|
|||||||
413,010 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 4.1% |
| |||||||
Abbott Laboratories |
12,119 | 1,431,617 | ||||||
Baxter International, Inc. |
6,011 | 483,465 | ||||||
Boston Scientific Corp.(1) |
20,640 | 895,570 | ||||||
Danaher Corp. |
5,264 | 1,602,572 | ||||||
Dexcom, Inc.(1) |
1,015 | 555,063 | ||||||
Edwards Lifesciences Corp.(1) |
5,231 | 592,201 | ||||||
Intuitive Surgical, Inc.(1) |
582 | 578,595 | ||||||
Medtronic PLC |
5,212 | 653,324 | ||||||
The Cooper Cos., Inc. |
836 | 345,527 | ||||||
Warby Parker, Inc., Class A(1) |
4,955 | 262,863 | ||||||
Zimmer Biomet Holdings, Inc. |
2,488 | 364,144 | ||||||
|
|
|||||||
7,764,941 | ||||||||
|
|
|||||||
Health Care Providers & Services 2.4% |
| |||||||
Anthem, Inc. |
1,924 | 717,267 | ||||||
Cigna Corp. |
4,797 | 960,168 | ||||||
CVS Health Corp. |
6,592 | 559,397 | ||||||
McKesson Corp. |
1,762 | 351,308 | ||||||
UnitedHealth Group, Inc. |
5,095 | 1,990,820 | ||||||
|
|
|||||||
4,578,960 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Hotels, Restaurants & Leisure 3.0% |
| |||||||
Aramark |
10,286 | $ | 337,998 | |||||
Booking Holdings, Inc.(1) |
455 | 1,080,111 | ||||||
Chipotle Mexican Grill, Inc.(1) |
542 | 985,096 | ||||||
Evolution AB (Sweden)(2) |
11,082 | 1,684,558 | ||||||
Hilton Worldwide Holdings, Inc.(1) |
7,454 | 984,748 | ||||||
Penn National Gaming, Inc.(1) |
6,953 | 503,814 | ||||||
|
|
|||||||
5,576,325 | ||||||||
|
|
|||||||
Household Durables 0.3% |
| |||||||
PulteGroup, Inc. |
13,482 | 619,093 | ||||||
|
|
|||||||
619,093 | ||||||||
|
|
|||||||
Household Products 1.7% |
| |||||||
The Procter & Gamble Co. |
22,261 | 3,112,088 | ||||||
|
|
|||||||
3,112,088 | ||||||||
|
|
|||||||
Industrial Conglomerates 1.0% |
| |||||||
General Electric Co. |
5,496 | 566,253 | ||||||
Honeywell International, Inc. |
6,388 | 1,356,045 | ||||||
|
|
|||||||
1,922,298 | ||||||||
|
|
|||||||
Insurance 3.8% |
| |||||||
AIA Group Ltd. (Hong Kong) |
51,600 | 594,129 | ||||||
American International Group, Inc. |
32,737 | 1,796,934 | ||||||
Assured Guaranty Ltd. |
41,380 | 1,936,998 | ||||||
AXA S.A. (France) |
43,978 | 1,223,467 | ||||||
Prudential PLC (United Kingdom) |
79,180 | 1,537,095 | ||||||
|
|
|||||||
7,088,623 | ||||||||
|
|
|||||||
Interactive Media & Services 8.4% |
| |||||||
Alphabet, Inc., Class A(1) |
3,797 | 10,151,356 | ||||||
Facebook, Inc., Class A(1) |
16,552 | 5,617,583 | ||||||
|
|
|||||||
15,768,939 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 4.9% |
| |||||||
Amazon.com, Inc.(1) |
2,795 | 9,181,687 | ||||||
|
|
|||||||
9,181,687 | ||||||||
|
|
|||||||
IT Services 6.1% |
| |||||||
Fidelity National Information Services, Inc. |
24,952 | 3,036,159 | ||||||
Mastercard, Inc., Class A |
8,591 | 2,986,919 | ||||||
PayPal Holdings, Inc.(1) |
13,565 | 3,529,749 | ||||||
Visa, Inc., Class A |
9,047 | 2,015,219 | ||||||
|
|
|||||||
11,568,046 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.5% |
| |||||||
Bio-Rad Laboratories, Inc., Class A(1) |
1,392 | 1,038,362 | ||||||
Thermo Fisher Scientific, Inc. |
3,108 | 1,775,694 | ||||||
|
|
|||||||
2,814,056 | ||||||||
|
|
|||||||
Machinery 1.2% |
| |||||||
Deere & Co. |
2,323 | 778,368 | ||||||
Ingersoll Rand, Inc.(1) |
10,711 | 539,941 | ||||||
Otis Worldwide Corp. |
10,279 | 845,756 | ||||||
|
|
|||||||
2,164,065 | ||||||||
|
|
|||||||
Metals & Mining 0.6% |
| |||||||
Alamos Gold, Inc., Class A |
32,710 | 235,512 | ||||||
Anglo American PLC (United Kingdom) |
6,797 | 234,462 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Metals & Mining (continued) |
| |||||||
Freeport-McMoRan, Inc. |
10,012 | $ | 325,690 | |||||
Newmont Corp. |
7,199 | 390,906 | ||||||
|
|
|||||||
1,186,570 | ||||||||
|
|
|||||||
Multi-Utilities 0.3% |
| |||||||
Ameren Corp. |
7,347 | 595,107 | ||||||
|
|
|||||||
595,107 | ||||||||
|
|
|||||||
Multiline Retail 0.8% |
| |||||||
Target Corp. |
6,426 | 1,470,076 | ||||||
|
|
|||||||
1,470,076 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.1% |
| |||||||
Cairn Energy PLC (United Kingdom) |
64,530 | 161,188 | ||||||
Cenovus Energy, Inc. (Canada) |
187,953 | 1,894,963 | ||||||
ConocoPhillips |
3,646 | 247,089 | ||||||
Exxon Mobil Corp. |
38,304 | 2,253,041 | ||||||
Royal Dutch Shell PLC, Class A (United Kingdom) |
33,332 | 736,368 | ||||||
TotalEnergies SE (France) |
11,362 | 544,457 | ||||||
|
|
|||||||
5,837,106 | ||||||||
|
|
|||||||
Personal Products 0.2% |
| |||||||
Olaplex Holdings, Inc.(1) |
11,381 | 278,834 | ||||||
|
|
|||||||
278,834 | ||||||||
|
|
|||||||
Pharmaceuticals 2.4% |
| |||||||
Bristol Myers Squibb Co. |
9,306 | 550,636 | ||||||
Eli Lilly and Co. |
3,674 | 848,878 | ||||||
Johnson & Johnson |
9,596 | 1,549,754 | ||||||
Merck & Co., Inc. |
10,554 | 792,711 | ||||||
Pfizer, Inc. |
20,238 | 870,436 | ||||||
|
|
|||||||
4,612,415 | ||||||||
|
|
|||||||
Professional Services 0.3% |
| |||||||
CoStar Group, Inc.(1) |
6,711 | 577,549 | ||||||
|
|
|||||||
577,549 | ||||||||
|
|
|||||||
Road & Rail 1.5% |
| |||||||
CSX Corp. |
18,015 | 535,766 | ||||||
Union Pacific Corp. |
11,904 | 2,333,303 | ||||||
|
|
|||||||
2,869,069 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 4.1% |
| |||||||
Advanced Micro Devices, Inc.(1) |
15,351 | 1,579,618 | ||||||
NVIDIA Corp. |
18,609 | 3,855,040 | ||||||
NXP Semiconductors N.V. |
6,442 | 1,261,795 | ||||||
ON Semiconductor Corp.(1) |
22,588 | 1,033,853 | ||||||
|
|
|||||||
7,730,306 | ||||||||
|
|
|||||||
Software 10.1% |
| |||||||
Adobe, Inc.(1) |
4,794 | 2,760,002 | ||||||
Intuit, Inc. |
4,653 | 2,510,340 | ||||||
Microsoft Corp. |
42,006 | 11,842,331 | ||||||
Oracle Corp. |
23,421 | 2,040,672 | ||||||
|
|
|||||||
19,153,345 | ||||||||
|
|
|||||||
Specialty Retail 3.4% |
| |||||||
Advance Auto Parts, Inc. |
1,643 | 343,206 | ||||||
Bath & Body Works, Inc. |
4,294 | 270,651 | ||||||
Burlington Stores, Inc.(1) |
642 | 182,052 | ||||||
CarMax, Inc.(1) |
5,660 | 724,254 | ||||||
OReilly Automotive, Inc.(1) |
1,214 | 741,827 | ||||||
The Home Depot, Inc. |
10,939 | 3,590,836 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN DIVERSIFIED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Specialty Retail (continued) |
| |||||||
The TJX Cos., Inc. |
7,443 | $ | 491,089 | |||||
Victorias Secret & Co.(1) |
2,946 | 162,796 | ||||||
|
|
|||||||
6,506,711 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 3.9% |
| |||||||
Apple, Inc. |
52,530 | 7,432,995 | ||||||
|
|
|||||||
7,432,995 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.6% |
| |||||||
Levi Strauss & Co., Class A |
6,603 | 161,840 | ||||||
Lululemon Athletica, Inc.(1) |
335 | 135,574 | ||||||
NIKE, Inc., Class B |
6,217 | 902,895 | ||||||
|
|
|||||||
1,200,309 | ||||||||
|
|
|||||||
Tobacco 0.2% |
| |||||||
Altria Group, Inc. |
9,801 | 446,142 | ||||||
|
|
|||||||
446,142 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.4% |
| |||||||
United Rentals, Inc.(1) |
2,182 | 765,729 | ||||||
|
|
|||||||
765,729 | ||||||||
|
|
|||||||
Total Common Stocks |
|
187,424,281 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 1.1% |
| |||||||
Repurchase Agreements 1.1% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$2,191,727, |
$ | 2,191,727 | 2,191,727 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
2,191,727 | ||||||
|
|
|||||||
Total Investments 100.3% |
|
189,616,008 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.3)% |
|
(613,262 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 189,002,746 | |||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $2,507,762, representing 1.3% 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) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 2,235,400 | $ | 2,235,574 |
Legend:
ADR American Depositary Receipt
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 179,885,353 | $ | 7,538,928 | * | $ | | $ | 187,424,281 | |||||||
Repurchase Agreements |
| 2,191,727 | | 2,191,727 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 179,885,353 | $ | 9,730,655 | $ | | $ | 189,616,008 | ||||||||
|
|
|
|
|
|
|
|
* | 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, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.0% |
| |||||||
Aerospace & Defense 4.7% |
| |||||||
Curtiss-Wright Corp. |
11,049 | $ | 1,394,163 | |||||
Hexcel Corp.(1) |
22,850 | 1,357,061 | ||||||
Raytheon Technologies Corp. |
37,562 | 3,228,830 | ||||||
Textron, Inc. |
40,228 | 2,808,317 | ||||||
|
|
|||||||
8,788,371 | ||||||||
|
|
|||||||
Auto Components 1.8% |
| |||||||
BorgWarner, Inc. |
52,361 | 2,262,519 | ||||||
Gentex Corp. |
32,616 | 1,075,675 | ||||||
|
|
|||||||
3,338,194 | ||||||||
|
|
|||||||
Banks 7.7% |
| |||||||
Citigroup, Inc. |
49,945 | 3,505,140 | ||||||
JPMorgan Chase & Co. |
23,032 | 3,770,108 | ||||||
Wells Fargo & Co. |
152,370 | 7,071,492 | ||||||
|
|
|||||||
14,346,740 | ||||||||
|
|
|||||||
Biotechnology 2.3% |
| |||||||
Amgen, Inc. |
20,107 | 4,275,754 | ||||||
|
|
|||||||
4,275,754 | ||||||||
|
|
|||||||
Capital Markets 3.3% |
| |||||||
Northern Trust Corp. |
22,530 | 2,428,959 | ||||||
The Goldman Sachs Group, Inc. |
9,971 | 3,769,337 | ||||||
|
|
|||||||
6,198,296 | ||||||||
|
|
|||||||
Communications Equipment 4.0% |
| |||||||
Ciena Corp.(1) |
12,322 | 632,734 | ||||||
Cisco Systems, Inc. |
74,425 | 4,050,953 | ||||||
F5 Networks, Inc.(1) |
13,337 | 2,651,129 | ||||||
|
|
|||||||
7,334,816 | ||||||||
|
|
|||||||
Construction & Engineering 1.4% |
| |||||||
EMCOR Group, Inc. |
16,095 | 1,857,041 | ||||||
Valmont Industries, Inc. |
3,260 | 766,491 | ||||||
|
|
|||||||
2,623,532 | ||||||||
|
|
|||||||
Consumer Finance 0.7% |
| |||||||
Capital One Financial Corp. |
8,016 | 1,298,352 | ||||||
|
|
|||||||
1,298,352 | ||||||||
|
|
|||||||
Distributors 1.9% |
| |||||||
LKQ Corp.(1) |
70,146 | 3,529,747 | ||||||
|
|
|||||||
3,529,747 | ||||||||
|
|
|||||||
Diversified Financial Services 3.8% |
| |||||||
Berkshire Hathaway, Inc., Class B(1) |
25,535 | 6,969,523 | ||||||
|
|
|||||||
6,969,523 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 3.2% |
| |||||||
Verizon Communications, Inc. |
108,580 | 5,864,406 | ||||||
|
|
|||||||
5,864,406 | ||||||||
|
|
|||||||
Electric Utilities 0.6% |
| |||||||
IDACORP, Inc. |
10,552 | 1,090,866 | ||||||
|
|
|||||||
1,090,866 | ||||||||
|
|
|||||||
Electrical Equipment 2.4% |
| |||||||
Acuity Brands, Inc. |
3,704 | 642,162 | ||||||
Emerson Electric Co. |
27,744 | 2,613,485 | ||||||
Hubbell, Inc. |
6,554 | 1,184,111 | ||||||
|
|
|||||||
4,439,758 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Electronic Equipment, Instruments & Components 1.5% |
| |||||||
Keysight Technologies, Inc.(1) |
11,448 | $ | 1,880,792 | |||||
Littelfuse, Inc. |
2,975 | 812,978 | ||||||
|
|
|||||||
2,693,770 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.7% |
| |||||||
Helmerich & Payne, Inc. |
45,651 | 1,251,294 | ||||||
|
|
|||||||
1,251,294 | ||||||||
|
|
|||||||
Food & Staples Retailing 2.2% |
| |||||||
Walmart, Inc. |
29,889 | 4,165,929 | ||||||
|
|
|||||||
4,165,929 | ||||||||
|
|
|||||||
Health Care Providers & Services 5.3% |
| |||||||
Anthem, Inc. |
10,873 | 4,053,454 | ||||||
Cigna Corp. |
21,734 | 4,350,278 | ||||||
Quest Diagnostics, Inc. |
9,871 | 1,434,355 | ||||||
|
|
|||||||
9,838,087 | ||||||||
|
|
|||||||
Household Durables 2.5% |
| |||||||
D.R. Horton, Inc. |
38,318 | 3,217,563 | ||||||
Garmin Ltd. |
9,611 | 1,494,126 | ||||||
|
|
|||||||
4,711,689 | ||||||||
|
|
|||||||
Industrial Conglomerates 0.8% |
| |||||||
3M Co. |
8,541 | 1,498,262 | ||||||
|
|
|||||||
1,498,262 | ||||||||
|
|
|||||||
Insurance 4.1% |
| |||||||
Aflac, Inc. |
25,955 | 1,353,034 | ||||||
Fidelity National Financial, Inc. |
24,769 | 1,123,026 | ||||||
The Allstate Corp. |
40,128 | 5,108,696 | ||||||
|
|
|||||||
7,584,756 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 1.1% |
| |||||||
eBay, Inc. |
28,336 | 1,974,169 | ||||||
|
|
|||||||
1,974,169 | ||||||||
|
|
|||||||
IT Services 5.0% |
| |||||||
Cognizant Technology Solutions Corp., Class A |
41,581 | 3,085,726 | ||||||
FleetCor Technologies, Inc.(1) |
10,568 | 2,761,101 | ||||||
Maximus, Inc. |
40,437 | 3,364,359 | ||||||
|
|
|||||||
9,211,186 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 0.9% |
| |||||||
Bio-Rad Laboratories, Inc., Class A(1) |
1,175 | 876,491 | ||||||
PerkinElmer, Inc. |
4,152 | 719,500 | ||||||
|
|
|||||||
1,595,991 | ||||||||
|
|
|||||||
Machinery 2.5% |
| |||||||
Altra Industrial Motion Corp. |
9,127 | 505,179 | ||||||
Flowserve Corp. |
38,464 | 1,333,547 | ||||||
The Middleby Corp.(1) |
4,676 | 797,305 | ||||||
Westinghouse Air Brake Technologies Corp. |
23,800 | 2,051,798 | ||||||
|
|
|||||||
4,687,829 | ||||||||
|
|
|||||||
Media 3.5% |
| |||||||
Comcast Corp., Class A |
114,506 | 6,404,321 | ||||||
|
|
|||||||
6,404,321 | ||||||||
|
|
|||||||
Metals & Mining 1.8% |
| |||||||
BHP Group Ltd., ADR |
28,110 | 1,504,447 | ||||||
Steel Dynamics, Inc. |
32,362 | 1,892,530 | ||||||
|
|
|||||||
3,396,977 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Multiline Retail 2.5% |
||||||||
Target Corp. |
19,999 | $ | 4,575,171 | |||||
|
|
|||||||
4,575,171 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.3% |
| |||||||
Chevron Corp. |
14,546 | 1,475,692 | ||||||
ConocoPhillips |
35,787 | 2,425,285 | ||||||
EOG Resources, Inc. |
28,442 | 2,283,039 | ||||||
|
|
|||||||
6,184,016 | ||||||||
|
|
|||||||
Pharmaceuticals 5.8% |
| |||||||
AstraZeneca PLC, ADR |
43,409 | 2,607,145 | ||||||
Pfizer, Inc. |
92,553 | 3,980,704 | ||||||
Roche Holding AG, ADR |
93,500 | 4,251,445 | ||||||
|
|
|||||||
10,839,294 | ||||||||
|
|
|||||||
Professional Services 3.2% |
| |||||||
Leidos Holdings, Inc. |
33,556 | 3,225,738 | ||||||
Robert Half International, Inc. |
27,604 | 2,769,510 | ||||||
|
|
|||||||
5,995,248 | ||||||||
|
|
|||||||
Real Estate Management & Development 2.7% |
| |||||||
CBRE Group, Inc., Class A(1) |
51,637 | 5,027,378 | ||||||
|
|
|||||||
5,027,378 | ||||||||
|
|
|||||||
Road & Rail 2.4% |
| |||||||
Kansas City Southern |
5,960 | 1,613,014 | ||||||
Knight-Swift Transportation Holdings, Inc. |
54,358 | 2,780,412 | ||||||
|
|
|||||||
4,393,426 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 0.8% |
| |||||||
MKS Instruments, Inc. |
9,762 | 1,473,183 | ||||||
|
|
|||||||
1,473,183 | ||||||||
|
|
|||||||
Specialty Retail 2.0% |
| |||||||
AutoZone, Inc.(1) |
1,437 | 2,440,012 | ||||||
Murphy USA, Inc. |
7,759 | 1,297,770 | ||||||
|
|
|||||||
3,737,782 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.5% |
| |||||||
Deckers Outdoor Corp.(1) |
2,740 | 986,948 | ||||||
|
|
|||||||
986,948 | ||||||||
|
|
|||||||
Tobacco 3.6% |
| |||||||
Philip Morris International, Inc. |
71,022 | 6,732,175 | ||||||
|
|
|||||||
6,732,175 | ||||||||
|
|
|||||||
Trading Companies & Distributors 0.5% |
| |||||||
MSC Industrial Direct Co., Inc., Class A |
12,151 | 974,389 | ||||||
|
|
|||||||
974,389 | ||||||||
|
|
|||||||
Total Common Stocks |
|
180,031,625 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GROWTH & INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 2.8% |
| |||||||
Repurchase Agreements 2.8% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of $5,138,580, due 10/1/2021(2) |
$ | 5,138,580 | $ | 5,138,580 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
5,138,580 | ||||||
|
|
|||||||
Total Investments 99.8% |
185,170,205 | |||||||
|
|
|||||||
Assets in excess of other liabilities 0.2% |
379,362 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 185,549,567 | ||||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 5,241,000 | $ | 5,241,409 |
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, 2021 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 |
$ | 180,031,625 | $ | | $ | | $ | 180,031,625 | ||||||||
Repurchase Agreements |
| 5,138,580 | | 5,138,580 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 180,031,625 | $ | 5,138,580 | $ | | $ | 185,170,205 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 100.2% |
| |||||||
Aerospace & Defense 1.0% |
| |||||||
Howmet Aerospace, Inc. |
3,857 | $ | 120,338 | |||||
|
|
|||||||
120,338 | ||||||||
|
|
|||||||
Air Freight & Logistics 1.5% |
| |||||||
United Parcel Service, Inc., Class B |
1,076 | 195,940 | ||||||
|
|
|||||||
195,940 | ||||||||
|
|
|||||||
Airlines 1.1% |
| |||||||
Southwest Airlines Co.(1) |
2,763 | 142,101 | ||||||
|
|
|||||||
142,101 | ||||||||
|
|
|||||||
Auto Components 1.2% |
| |||||||
Aptiv PLC(1) |
1,044 | 155,525 | ||||||
|
|
|||||||
155,525 | ||||||||
|
|
|||||||
Automobiles 1.1% |
| |||||||
General Motors Co.(1) |
2,561 | 134,990 | ||||||
|
|
|||||||
134,990 | ||||||||
|
|
|||||||
Banks 4.5% |
| |||||||
Bank of America Corp. |
7,936 | 336,883 | ||||||
Popular, Inc. |
1,444 | 112,156 | ||||||
Zions Bancorporation N.A. |
1,983 | 122,728 | ||||||
|
|
|||||||
571,767 | ||||||||
|
|
|||||||
Biotechnology 3.4% |
| |||||||
AbbVie, Inc. |
2,081 | 224,478 | ||||||
BioMarin Pharmaceutical, Inc.(1) |
993 | 76,749 | ||||||
Exact Sciences Corp.(1) |
607 | 57,938 | ||||||
Horizon Therapeutics PLC(1) |
700 | 76,678 | ||||||
|
|
|||||||
435,843 | ||||||||
|
|
|||||||
Building Products 1.2% |
| |||||||
Trane Technologies PLC |
908 | 156,766 | ||||||
|
|
|||||||
156,766 | ||||||||
|
|
|||||||
Capital Markets 4.8% |
| |||||||
BlackRock, Inc. |
279 | 233,986 | ||||||
State Street Corp. |
2,324 | 196,889 | ||||||
The Charles Schwab Corp. |
2,520 | 183,557 | ||||||
|
|
|||||||
614,432 | ||||||||
|
|
|||||||
Commercial Services & Supplies 1.2% |
| |||||||
Cintas Corp. |
395 | 150,361 | ||||||
|
|
|||||||
150,361 | ||||||||
|
|
|||||||
Communications Equipment 2.0% |
| |||||||
Cisco Systems, Inc. |
4,688 | 255,168 | ||||||
|
|
|||||||
255,168 | ||||||||
|
|
|||||||
Electrical Equipment 1.2% |
| |||||||
AMETEK, Inc. |
1,262 | 156,501 | ||||||
|
|
|||||||
156,501 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.2% |
| |||||||
TE Connectivity Ltd. |
1,143 | 156,842 | ||||||
|
|
|||||||
156,842 | ||||||||
|
|
|||||||
Entertainment 1.5% |
| |||||||
Electronic Arts, Inc. |
1,363 | 193,887 | ||||||
|
|
|||||||
193,887 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Equity Real Estate Investment 1.5% |
||||||||
Extra Space Storage, Inc. REIT |
1,124 | $ | 188,821 | |||||
|
|
|||||||
188,821 | ||||||||
|
|
|||||||
Food Products 1.4% |
| |||||||
Mondelez International, Inc., Class A |
3,097 | 180,183 | ||||||
|
|
|||||||
180,183 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 3.5% |
| |||||||
Medtronic PLC |
1,884 | 236,160 | ||||||
Stryker Corp. |
806 | 212,558 | ||||||
|
|
|||||||
448,718 | ||||||||
|
|
|||||||
Health Care Providers & Services 1.7% |
| |||||||
Anthem, Inc. |
569 | 212,123 | ||||||
|
|
|||||||
212,123 | ||||||||
|
|
|||||||
Household Products 2.3% |
| |||||||
The Procter & Gamble Co. |
2,057 | 287,569 | ||||||
|
|
|||||||
287,569 | ||||||||
|
|
|||||||
Insurance 1.6% |
| |||||||
The Allstate Corp. |
1,628 | 207,261 | ||||||
|
|
|||||||
207,261 | ||||||||
|
|
|||||||
Interactive Media & Services 6.2% |
| |||||||
Alphabet, Inc., Class C(1) |
295 | 786,266 | ||||||
|
|
|||||||
786,266 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 5.1% |
| |||||||
Amazon.com, Inc.(1) |
196 | 643,868 | ||||||
|
|
|||||||
643,868 | ||||||||
|
|
|||||||
IT Services 3.1% |
| |||||||
Mastercard, Inc., Class A |
767 | 266,670 | ||||||
Square, Inc., Class A(1) |
545 | 130,713 | ||||||
|
|
|||||||
397,383 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.4% |
| |||||||
IQVIA Holdings, Inc.(1) |
746 | 178,697 | ||||||
|
|
|||||||
178,697 | ||||||||
|
|
|||||||
Machinery 1.1% |
| |||||||
AGCO Corp. |
1,128 | 138,214 | ||||||
|
|
|||||||
138,214 | ||||||||
|
|
|||||||
Media 2.2% |
| |||||||
Comcast Corp., Class A |
5,022 | 280,880 | ||||||
|
|
|||||||
280,880 | ||||||||
|
|
|||||||
Multi-Utilities 2.8% |
| |||||||
Ameren Corp. |
2,132 | 172,692 | ||||||
DTE Energy Co. |
1,616 | 180,523 | ||||||
|
|
|||||||
353,215 | ||||||||
|
|
|||||||
Multiline Retail 1.4% |
| |||||||
Target Corp. |
749 | 171,349 | ||||||
|
|
|||||||
171,349 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 1.7% |
| |||||||
ConocoPhillips |
3,220 | 218,219 | ||||||
|
|
|||||||
218,219 | ||||||||
|
|
|||||||
Pharmaceuticals 4.2% |
| |||||||
Eli Lilly and Co. |
940 | 217,187 | ||||||
Johnson & Johnson |
1,985 | 320,577 | ||||||
|
|
|||||||
537,764 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTEGRATED RESEARCH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Road & Rail 1.6% |
||||||||
Union Pacific Corp. |
1,001 | $ | 196,206 | |||||
|
|
|||||||
196,206 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 6.4% |
| |||||||
Applied Materials, Inc. |
1,454 | 187,174 | ||||||
Broadcom, Inc. |
454 | 220,158 | ||||||
NVIDIA Corp. |
1,233 | 255,428 | ||||||
NXP Semiconductors N.V. |
772 | 151,212 | ||||||
|
|
|||||||
813,972 | ||||||||
|
|
|||||||
Software 12.3% |
| |||||||
Adobe, Inc.(1) |
431 | 248,135 | ||||||
Intuit, Inc. |
363 | 195,842 | ||||||
Microsoft Corp. |
3,305 | 931,746 | ||||||
ServiceNow, Inc.(1) |
308 | 191,659 | ||||||
|
|
|||||||
1,567,382 | ||||||||
|
|
|||||||
Specialty Retail 5.5% |
| |||||||
The Gap, Inc. |
4,840 | 109,868 | ||||||
The Home Depot, Inc. |
857 | 281,319 | ||||||
The TJX Cos., Inc. |
2,578 | 170,096 | ||||||
Ulta Beauty, Inc.(1) |
393 | 141,842 | ||||||
|
|
|||||||
703,125 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 4.6% |
| |||||||
Apple, Inc. |
4,090 | 578,735 | ||||||
|
|
|||||||
578,735 | ||||||||
|
|
|||||||
Tobacco 1.7% |
| |||||||
Philip Morris International, Inc. |
2,225 | 210,908 | ||||||
|
|
|||||||
210,908 | ||||||||
|
|
|||||||
Total Common Stocks |
|
12,741,319 | ||||||
|
|
|||||||
Total Investments 100.2% |
|
12,741,319 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.2)% |
|
(30,048 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 12,711,271 | |||||
|
|
(1) | Nonincomeproducing security. |
Legend:
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 12,741,319 | $ | | $ | | $ | 12,741,319 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 12,741,319 | $ | | $ | | $ | 12,741,319 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 97.2% |
| |||||||
Australia 2.1% |
| |||||||
CSL Ltd. |
6,631 | $ | 1,398,327 | |||||
IDP Education Ltd. |
66,635 | 1,639,183 | ||||||
|
|
|||||||
3,037,510 | ||||||||
|
|
|||||||
Cayman Islands 5.5% |
| |||||||
Alibaba Group Holding Ltd.(1) |
53,168 | 988,925 | ||||||
Bilibili, Inc., Class Z(1) |
17,372 | 1,159,889 | ||||||
Budweiser Brewing Co. APAC Ltd.(2) |
475,800 | 1,197,619 | ||||||
Sea Ltd., ADR(1) |
9,581 | 3,053,752 | ||||||
Tencent Holdings Ltd. |
22,300 | 1,307,543 | ||||||
|
|
|||||||
7,707,728 | ||||||||
|
|
|||||||
Denmark 6.1% |
| |||||||
Genmab A/S(1) |
4,225 | 1,845,836 | ||||||
Novo Nordisk A/S, Class B |
53,771 | 5,171,968 | ||||||
Orsted A/S(2) |
12,716 | 1,677,756 | ||||||
|
|
|||||||
8,695,560 | ||||||||
|
|
|||||||
Finland 1.3% |
| |||||||
Kone OYJ, Class B |
26,165 | 1,834,730 | ||||||
|
|
|||||||
1,834,730 | ||||||||
|
|
|||||||
France 11.4% |
| |||||||
Capgemini SE |
11,061 | 2,300,358 | ||||||
LOreal S.A. |
8,521 | 3,516,806 | ||||||
LVMH Moet Hennessy Louis Vuitton SE |
7,592 | 5,428,767 | ||||||
Safran S.A. |
17,337 | 2,173,714 | ||||||
Schneider Electric SE |
15,879 | 2,640,045 | ||||||
|
|
|||||||
16,059,690 | ||||||||
|
|
|||||||
Germany 6.2% |
| |||||||
adidas AG |
8,624 | 2,717,481 | ||||||
Delivery Hero SE(1)(2) |
20,544 | 2,630,765 | ||||||
Symrise AG |
13,018 | 1,717,366 | ||||||
Zalando SE(1)(2) |
18,623 | 1,711,335 | ||||||
|
|
|||||||
8,776,947 | ||||||||
|
|
|||||||
Hong Kong 5.2% |
| |||||||
AIA Group Ltd. |
339,000 | 3,903,294 | ||||||
Hong Kong Exchanges & Clearing Ltd. |
55,800 | 3,386,963 | ||||||
|
|
|||||||
7,290,257 | ||||||||
|
|
|||||||
India 1.2% |
| |||||||
HDFC Bank Ltd., ADR |
23,567 | 1,722,512 | ||||||
|
|
|||||||
1,722,512 | ||||||||
|
|
|||||||
Ireland 1.6% |
| |||||||
Linde PLC |
7,499 | 2,229,680 | ||||||
|
|
|||||||
2,229,680 | ||||||||
|
|
|||||||
Japan 18.9% |
| |||||||
Daikin Industries Ltd. |
11,400 | 2,452,011 | ||||||
Hoya Corp. |
23,200 | 3,628,431 | ||||||
Keyence Corp. |
6,800 | 4,074,459 | ||||||
Kyowa Kirin Co. Ltd. |
46,000 | 1,658,792 | ||||||
Makita Corp. |
36,300 | 1,980,948 | ||||||
Shimano, Inc. |
7,900 | 2,301,428 | ||||||
SMC Corp. |
3,700 | 2,314,823 | ||||||
Sony Group Corp. |
34,100 | 3,797,425 | ||||||
Sysmex Corp. |
14,800 | 1,828,262 | ||||||
Tokyo Electron Ltd. |
6,200 | 2,732,975 | ||||||
|
|
|||||||
26,769,554 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
Luxembourg 0.8% |
||||||||
InPost S.A.(1) |
68,885 | $ | 1,136,271 | |||||
|
|
|||||||
1,136,271 | ||||||||
|
|
|||||||
Netherlands 8.6% |
| |||||||
Adyen N.V.(1)(2) |
1,101 | 3,061,397 | ||||||
Argenx SE(1) |
5,593 | 1,687,949 | ||||||
ASML Holding N.V. |
9,996 | 7,373,772 | ||||||
|
|
|||||||
12,123,118 | ||||||||
|
|
|||||||
Republic of Korea 1.9% |
| |||||||
LG Chem Ltd. |
1,525 | 996,127 | ||||||
Samsung Electronics Co. Ltd. |
27,557 | 1,715,115 | ||||||
|
|
|||||||
2,711,242 | ||||||||
|
|
|||||||
Spain 1.5% |
| |||||||
Cellnex Telecom S.A.(2) |
35,419 | 2,183,296 | ||||||
|
|
|||||||
2,183,296 | ||||||||
|
|
|||||||
Sweden 3.6% |
| |||||||
Assa Abloy AB, Class B |
79,693 | 2,310,715 | ||||||
Atlas Copco AB, Class A |
46,996 | 2,850,792 | ||||||
|
|
|||||||
5,161,507 | ||||||||
|
|
|||||||
Switzerland 10.1% |
| |||||||
Lonza Group AG (Reg S) |
4,180 | 3,131,618 | ||||||
Nestle S.A. (Reg S) |
59,668 | 7,179,188 | ||||||
Partners Group Holding AG |
1,318 | 2,051,744 | ||||||
Straumann Holding AG (Reg S) |
1,055 | 1,887,930 | ||||||
|
|
|||||||
14,250,480 | ||||||||
|
|
|||||||
Taiwan 1.0% |
| |||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR |
12,742 | 1,422,644 | ||||||
|
|
|||||||
1,422,644 | ||||||||
|
|
|||||||
United Kingdom 10.2% |
| |||||||
Allfunds Group PLC(1) |
2,728 | 53,024 | ||||||
Diageo PLC |
90,339 | 4,352,809 | ||||||
Ferguson PLC |
15,713 | 2,178,181 | ||||||
Intertek Group PLC |
26,209 | 1,749,710 | ||||||
London Stock Exchange Group PLC |
22,337 | 2,231,634 | ||||||
Oxford Nanopore Technologies PLC(1) |
70,509 | 581,993 | ||||||
RELX PLC |
112,194 | 3,239,680 | ||||||
|
|
|||||||
14,387,031 | ||||||||
|
|
|||||||
Total Common Stocks |
|
137,499,757 | ||||||
|
|
|||||||
Preferred Stocks 1.1% |
| |||||||
Germany 1.1% |
| |||||||
Sartorius AG, 0.35% |
2,378 | 1,514,424 | ||||||
|
|
|||||||
Total Preferred Stocks |
|
1,514,424 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 1.1% |
| |||||||
Repurchase Agreements 1.1% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value |
$ | 1,586,847 | $ | 1,586,847 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
1,586,847 | ||||||
|
|
|||||||
Total Investments 99.4% |
140,601,028 | |||||||
|
|
|||||||
Assets in excess of other liabilities 0.6% |
777,648 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 141,378,676 | ||||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $12,462,168, representing 8.8% 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) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 1,618,500 | $ | 1,618,626 |
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, 2021 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 |
$ | | $ | 3,037,510 | * | $ | | $ | 3,037,510 | |||||||
Cayman Islands |
3,053,752 | 4,653,976 | * | | 7,707,728 | |||||||||||
Denmark |
| 8,695,560 | * | | 8,695,560 | |||||||||||
Finland |
| 1,834,730 | * | | 1,834,730 | |||||||||||
France |
| 16,059,690 | * | | 16,059,690 | |||||||||||
Germany |
| 8,776,947 | * | | 8,776,947 | |||||||||||
Hong Kong |
| 7,290,257 | * | | 7,290,257 | |||||||||||
India |
1,722,512 | | | 1,722,512 | ||||||||||||
Ireland |
| 2,229,680 | * | | 2,229,680 | |||||||||||
Japan |
| 26,769,554 | * | | 26,769,554 | |||||||||||
Luxembourg |
| 1,136,271 | * | | 1,136,271 | |||||||||||
Netherlands |
| 12,123,118 | * | | 12,123,118 | |||||||||||
Republic of Korea |
| 2,711,242 | * | | 2,711,242 | |||||||||||
Spain |
| 2,183,296 | * | | 2,183,296 | |||||||||||
Sweden |
| 5,161,507 | * | | 5,161,507 | |||||||||||
Switzerland |
| 14,250,480 | * | | 14,250,480 | |||||||||||
Taiwan |
1,422,644 | | | 1,422,644 | ||||||||||||
United Kingdom |
635,017 | 13,752,014 | * | | 14,387,031 | |||||||||||
Preferred Stocks |
|
|||||||||||||||
Germany |
| 1,514,424 | * | | 1,514,424 | |||||||||||
Repurchase Agreements |
| 1,586,847 | | 1,586,847 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 6,833,925 | $ | 133,767,103 | $ | | $ | 140,601,028 | ||||||||
|
|
|
|
|
|
|
|
* | 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 VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 95.3% |
| |||||||
Canada 4.5% |
| |||||||
BRP, Inc. |
20,580 | $ | 1,904,942 | |||||
CAE, Inc.(1) |
72,797 | 2,174,829 | ||||||
Suncor Energy, Inc. |
156,896 | 3,252,873 | ||||||
TMX Group Ltd. |
26,646 | 2,873,501 | ||||||
|
|
|||||||
10,206,145 | ||||||||
|
|
|||||||
Cayman Islands 2.8% |
| |||||||
Autohome, Inc., ADR |
42,923 | 2,014,376 | ||||||
ENN Energy Holdings Ltd. |
101,400 | 1,660,510 | ||||||
ESR Cayman Ltd.(1)(2) |
859,600 | 2,594,957 | ||||||
|
|
|||||||
6,269,843 | ||||||||
|
|
|||||||
China 1.0% |
| |||||||
China Longyuan Power Group Corp. Ltd., Class H |
973,000 | 2,377,548 | ||||||
|
|
|||||||
2,377,548 | ||||||||
|
|
|||||||
Denmark 3.2% |
| |||||||
Carlsberg A/S, Class B |
20,290 | 3,300,682 | ||||||
Vestas Wind Systems A/S |
96,047 | 3,845,391 | ||||||
|
|
|||||||
7,146,073 | ||||||||
|
|
|||||||
Finland 2.4% |
| |||||||
Nordea Bank Abp |
284,993 | 3,657,553 | ||||||
Sampo OYJ, Class A |
35,520 | 1,762,511 | ||||||
|
|
|||||||
5,420,064 | ||||||||
|
|
|||||||
France 10.0% |
| |||||||
Air Liquide S.A. |
23,418 | 3,747,046 | ||||||
Alstom S.A. |
40,302 | 1,529,116 | ||||||
Capgemini SE |
17,715 | 3,684,191 | ||||||
Engie S.A. |
381,673 | 5,009,267 | ||||||
Pernod Ricard S.A. |
14,840 | 3,245,315 | ||||||
Sanofi |
54,546 | 5,250,848 | ||||||
|
|
|||||||
22,465,783 | ||||||||
|
|
|||||||
Germany 8.4% |
| |||||||
adidas AG |
5,980 | 1,884,338 | ||||||
Continental AG(1) |
22,468 | 2,463,192 | ||||||
Infineon Technologies AG |
66,443 | 2,731,415 | ||||||
Merck KGaA |
17,665 | 3,841,412 | ||||||
MTU Aero Engines AG |
17,197 | 3,888,449 | ||||||
ProSiebenSat.1 Media SE |
116,637 | 2,146,309 | ||||||
Vonovia SE |
34,199 | 2,055,809 | ||||||
|
|
|||||||
19,010,924 | ||||||||
|
|
|||||||
India 1.1% |
| |||||||
Reliance Industries Ltd. |
71,074 | 2,395,667 | ||||||
|
|
|||||||
2,395,667 | ||||||||
|
|
|||||||
Ireland 6.7% |
| |||||||
Aon PLC, Class A |
18,096 | 5,171,294 | ||||||
Medtronic PLC |
53,598 | 6,718,509 | ||||||
Ryanair Holdings PLC, ADR(1) |
28,445 | 3,130,657 | ||||||
|
|
|||||||
15,020,460 | ||||||||
|
|
|||||||
Israel 1.4% |
| |||||||
Bank Leumi Le-Israel BM |
371,897 | 3,156,849 | ||||||
|
|
|||||||
3,156,849 | ||||||||
|
|
|||||||
Italy 1.6% |
| |||||||
Enel S.p.A. |
484,565 | 3,720,265 | ||||||
|
|
|||||||
3,720,265 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Japan 18.1% |
| |||||||
Asics Corp. |
70,900 | $ | 1,608,558 | |||||
Bandai Namco Holdings, Inc. |
21,400 | 1,607,033 | ||||||
Daikin Industries Ltd. |
12,100 | 2,602,573 | ||||||
Daiwa House Industry Co. Ltd. |
108,212 | 3,613,911 | ||||||
Fujitsu Ltd. |
18,137 | 3,293,871 | ||||||
Hitachi Ltd. |
91,300 | 5,413,525 | ||||||
Makita Corp. |
64,800 | 3,536,238 | ||||||
Matsumotokiyoshi Holdings Co. Ltd. |
62,600 | 2,797,484 | ||||||
Nexon Co. Ltd. |
90,763 | 1,464,360 | ||||||
Ryohin Keikaku Co. Ltd. |
111,400 | 2,478,443 | ||||||
Shimano, Inc. |
11,900 | 3,466,708 | ||||||
Sumitomo Mitsui Financial Group, Inc. |
83,100 | 2,907,285 | ||||||
Suzuki Motor Corp. |
61,300 | 2,732,343 | ||||||
Yamaha Corp. |
50,400 | 3,168,556 | ||||||
|
|
|||||||
40,690,888 | ||||||||
|
|
|||||||
Mexico 0.8% |
| |||||||
Arca Continental S.A.B. de C.V. |
310,800 | 1,892,370 | ||||||
|
|
|||||||
1,892,370 | ||||||||
|
|
|||||||
Netherlands 6.1% |
| |||||||
Akzo Nobel N.V. |
30,590 | 3,330,970 | ||||||
JDE Peets N.V. |
35,595 | 1,057,287 | ||||||
Koninklijke DSM N.V. |
19,246 | 3,846,868 | ||||||
Universal Music Group N.V.(1) |
85,663 | 2,293,649 | ||||||
Wolters Kluwer N.V. |
29,957 | 3,166,541 | ||||||
|
|
|||||||
13,695,315 | ||||||||
|
|
|||||||
Norway 2.7% |
| |||||||
Equinor ASA |
128,628 | 3,277,877 | ||||||
Telenor ASA |
161,365 | 2,710,357 | ||||||
|
|
|||||||
5,988,234 | ||||||||
|
|
|||||||
Portugal 1.1% |
| |||||||
Galp Energia SGPS S.A. |
221,703 | 2,510,775 | ||||||
|
|
|||||||
2,510,775 | ||||||||
|
|
|||||||
Republic of Korea 1.7% |
| |||||||
Osstem Implant Co. Ltd. |
13,826 | 1,549,029 | ||||||
SK Hynix, Inc. |
25,285 | 2,180,338 | ||||||
|
|
|||||||
3,729,367 | ||||||||
|
|
|||||||
Singapore 1.2% |
| |||||||
DBS Group Holdings Ltd. |
121,180 | 2,690,912 | ||||||
|
|
|||||||
2,690,912 | ||||||||
|
|
|||||||
Spain 3.0% |
| |||||||
Banco Santander S.A. |
894,442 | 3,239,762 | ||||||
Industria de Diseno Textil S.A. |
97,818 | 3,558,865 | ||||||
|
|
|||||||
6,798,627 | ||||||||
|
|
|||||||
Sweden 1.2% |
| |||||||
Sandvik AB |
116,119 | 2,650,082 | ||||||
|
|
|||||||
2,650,082 | ||||||||
|
|
|||||||
Switzerland 3.5% |
| |||||||
ABB Ltd. (Reg S) |
129,581 | 4,319,212 | ||||||
Novartis AG (Reg S) |
42,770 | 3,508,860 | ||||||
|
|
|||||||
7,828,072 | ||||||||
|
|
|||||||
United Kingdom 12.8% |
| |||||||
3i Group PLC |
159,918 | 2,754,575 | ||||||
Anglo American PLC |
78,417 | 2,704,984 | ||||||
Barclays PLC |
1,057,017 | 2,695,801 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
||||||||
United Kingdom (continued) |
||||||||
Ferguson PLC |
18,181 | $ | 2,520,302 | |||||
Petershill Partners PLC(1)(2) |
366,936 | 1,730,434 | ||||||
Prudential PLC |
136,206 | 2,644,121 | ||||||
RELX PLC |
237,338 | 6,839,476 | ||||||
Tesco PLC |
1,034,289 | 3,507,993 | ||||||
Unilever PLC |
63,746 | 3,445,983 | ||||||
|
|
|||||||
28,843,669 | ||||||||
|
|
|||||||
Total Common Stocks |
214,507,932 | |||||||
|
|
|||||||
Preferred Stocks 2.0% |
||||||||
Germany 2.0% |
||||||||
Volkswagen AG, 3.00% |
19,808 | 4,437,282 | ||||||
|
|
|||||||
Total Preferred Stocks |
4,437,282 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 2.2% |
||||||||
Repurchase Agreements 2.2% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of $4,943,948, due 10/1/2021(3) |
$ | 4,943,948 | 4,943,948 | |||||
|
|
|||||||
Total Repurchase Agreements |
4,943,948 | |||||||
|
|
|||||||
Total Investments 99.5% |
223,889,162 | |||||||
|
|
|||||||
Assets in excess of other liabilities 0.5% |
1,040,359 | |||||||
|
|
|||||||
Total Net Assets 100.0% |
$ | 224,929,521 | ||||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $4,325,391, representing 1.9% 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 | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 5,042,500 | $ | 5,042,893 |
Legend:
ADR American Depositary Receipt
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN INTERNATIONAL VALUE VIP FUND
The following is a summary of the inputs used as of September 30, 2021 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 |
|
|||||||||||||||
Canada |
$ | 10,206,145 | $ | | $ | | $ | 10,206,145 | ||||||||
Cayman Islands |
2,014,376 | 4,255,467 | * | | 6,269,843 | |||||||||||
China |
| 2,377,548 | * | | 2,377,548 | |||||||||||
Denmark |
| 7,146,073 | * | | 7,146,073 | |||||||||||
Finland |
| 5,420,064 | * | | 5,420,064 | |||||||||||
France |
| 22,465,783 | * | | 22,465,783 | |||||||||||
Germany |
| 19,010,924 | * | | 19,010,924 | |||||||||||
India |
| 2,395,667 | * | | 2,395,667 | |||||||||||
Ireland |
15,020,460 | | | 15,020,460 | ||||||||||||
Israel |
| 3,156,849 | * | | 3,156,849 | |||||||||||
Italy |
| 3,720,265 | * | | 3,720,265 | |||||||||||
Japan |
| 40,690,888 | * | | 40,690,888 | |||||||||||
Mexico |
1,892,370 | | | 1,892,370 | ||||||||||||
Netherlands |
2,293,649 | 11,401,666 | * | | 13,695,315 | |||||||||||
Norway |
| 5,988,234 | * | | 5,988,234 | |||||||||||
Portugal |
| 2,510,775 | * | | 2,510,775 | |||||||||||
Republic of Korea |
| 3,729,367 | * | | 3,729,367 | |||||||||||
Singapore |
| 2,690,912 | * | | 2,690,912 | |||||||||||
Spain |
| 6,798,627 | * | | 6,798,627 | |||||||||||
Sweden |
| 2,650,082 | * | | 2,650,082 | |||||||||||
Switzerland |
| 7,828,072 | * | | 7,828,072 | |||||||||||
United Kingdom |
1,730,434 | 27,113,235 | * | | 28,843,669 | |||||||||||
Preferred Stocks |
|
|||||||||||||||
Germany |
| 4,437,282 | * | | 4,437,282 | |||||||||||
Repurchase Agreements |
| 4,943,948 | | 4,943,948 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 33,157,434 | $ | 190,731,728 | $ | | $ | 223,889,162 | ||||||||
|
|
|
|
|
|
|
|
* | 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, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.3% |
| |||||||
Aerospace & Defense 0.9% |
| |||||||
Raytheon Technologies Corp. |
63,011 | $ | 5,416,426 | |||||
|
|
|||||||
5,416,426 | ||||||||
|
|
|||||||
Air Freight & Logistics 0.8% |
| |||||||
FedEx Corp. |
20,989 | 4,602,678 | ||||||
|
|
|||||||
4,602,678 | ||||||||
|
|
|||||||
Automobiles 1.2% |
| |||||||
Tesla, Inc.(1) |
9,432 | 7,314,327 | ||||||
|
|
|||||||
7,314,327 | ||||||||
|
|
|||||||
Beverages 1.9% |
| |||||||
Constellation Brands, Inc., Class A |
25,168 | 5,302,646 | ||||||
Monster Beverage Corp.(1) |
68,067 | 6,046,392 | ||||||
|
|
|||||||
11,349,038 | ||||||||
|
|
|||||||
Biotechnology 2.6% |
| |||||||
Exact Sciences Corp.(1) |
22,290 | 2,127,581 | ||||||
Regeneron Pharmaceuticals, Inc.(1) |
9,271 | 5,610,624 | ||||||
Seagen, Inc.(1) |
22,995 | 3,904,551 | ||||||
Vertex Pharmaceuticals, Inc.(1) |
24,001 | 4,353,541 | ||||||
|
|
|||||||
15,996,297 | ||||||||
|
|
|||||||
Building Products 0.8% |
| |||||||
Fortune Brands Home & Security, Inc. |
55,022 | 4,920,067 | ||||||
|
|
|||||||
4,920,067 | ||||||||
|
|
|||||||
Capital Markets 0.6% |
| |||||||
S&P Global, Inc. |
8,495 | 3,609,441 | ||||||
|
|
|||||||
3,609,441 | ||||||||
|
|
|||||||
Chemicals 0.7% |
| |||||||
PPG Industries, Inc. |
30,751 | 4,397,700 | ||||||
|
|
|||||||
4,397,700 | ||||||||
|
|
|||||||
Commercial Services & Supplies 0.6% |
| |||||||
Copart, Inc.(1) |
24,712 | 3,428,049 | ||||||
|
|
|||||||
3,428,049 | ||||||||
|
|
|||||||
Consumer Finance 1.6% |
| |||||||
American Express Co. |
59,241 | 9,924,645 | ||||||
|
|
|||||||
9,924,645 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 0.7% |
| |||||||
Cognex Corp. |
49,176 | 3,944,899 | ||||||
|
|
|||||||
3,944,899 | ||||||||
|
|
|||||||
Entertainment 3.3% |
| |||||||
Netflix, Inc.(1) |
22,994 | 14,034,158 | ||||||
The Walt Disney Co.(1) |
35,338 | 5,978,129 | ||||||
|
|
|||||||
20,012,287 | ||||||||
|
|
|||||||
Equity Real Estate Investment 0.9% |
| |||||||
American Tower Corp. REIT |
21,412 | 5,682,959 | ||||||
|
|
|||||||
5,682,959 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 2.7% |
| |||||||
Align Technology, Inc.(1) |
9,321 | 6,202,473 | ||||||
Edwards Lifesciences Corp.(1) |
48,880 | 5,533,705 | ||||||
Teleflex, Inc. |
12,459 | 4,691,436 | ||||||
|
|
|||||||
16,427,614 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
|
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Health Care Providers & Services 1.7% |
| |||||||
agilon health, Inc.(1) |
21,300 | $ | 558,273 | |||||
UnitedHealth Group, Inc. |
25,369 | 9,912,683 | ||||||
|
|
|||||||
10,470,956 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 4.6% |
| |||||||
Airbnb, Inc., Class A(1) |
35,741 | 5,995,553 | ||||||
Booking Holdings, Inc.(1) |
3,672 | 8,716,851 | ||||||
Chipotle Mexican Grill, Inc.(1) |
4,622 | 8,400,577 | ||||||
Penn National Gaming, Inc.(1) |
69,587 | 5,042,274 | ||||||
|
|
|||||||
28,155,255 | ||||||||
|
|
|||||||
Household Products 0.9% |
| |||||||
The Procter & Gamble Co. |
41,089 | 5,744,242 | ||||||
|
|
|||||||
5,744,242 | ||||||||
|
|
|||||||
Interactive Media & Services 9.3% |
| |||||||
Alphabet, Inc., Class A(1) |
11,089 | 29,646,663 | ||||||
Facebook, Inc., Class A(1) |
78,925 | 26,786,356 | ||||||
|
|
|||||||
56,433,019 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 6.7% |
| |||||||
Amazon.com, Inc.(1) |
12,283 | 40,350,146 | ||||||
|
|
|||||||
40,350,146 | ||||||||
|
|
|||||||
IT Services 9.1% |
| |||||||
EPAM Systems, Inc.(1) |
13,339 | 7,609,633 | ||||||
FleetCor Technologies, Inc.(1) |
27,347 | 7,144,951 | ||||||
Global Payments, Inc. |
32,154 | 5,066,827 | ||||||
GoDaddy, Inc., Class A(1) |
63,507 | 4,426,438 | ||||||
Mastercard, Inc., Class A |
37,811 | 13,146,128 | ||||||
PayPal Holdings, Inc.(1) |
51,403 | 13,375,575 | ||||||
Square, Inc., Class A(1) |
18,287 | 4,385,954 | ||||||
|
|
|||||||
55,155,506 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.4% |
| |||||||
Thermo Fisher Scientific, Inc. |
14,796 | 8,453,399 | ||||||
|
|
|||||||
8,453,399 | ||||||||
|
|
|||||||
Machinery 1.9% |
| |||||||
Deere & Co. |
18,128 | 6,074,149 | ||||||
Nordson Corp. |
23,021 | 5,482,451 | ||||||
|
|
|||||||
11,556,600 | ||||||||
|
|
|||||||
Pharmaceuticals 1.7% |
| |||||||
Eli Lilly and Co. |
45,798 | 10,581,628 | ||||||
|
|
|||||||
10,581,628 | ||||||||
|
|
|||||||
Professional Services 1.7% |
| |||||||
Equifax, Inc. |
21,423 | 5,429,017 | ||||||
Leidos Holdings, Inc. |
48,555 | 4,667,592 | ||||||
|
|
|||||||
10,096,609 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 8.3% |
| |||||||
Advanced Micro Devices, Inc.(1) |
73,124 | 7,524,460 | ||||||
Entegris, Inc. |
43,868 | 5,522,981 | ||||||
KLA Corp. |
19,467 | 6,511,906 | ||||||
Marvell Technology, Inc. |
83,114 | 5,012,605 | ||||||
Micron Technology, Inc. |
48,532 | 3,444,801 | ||||||
NVIDIA Corp. |
31,066 | 6,435,633 | ||||||
Skyworks Solutions, Inc. |
25,432 | 4,190,685 | ||||||
Teradyne, Inc. |
33,547 | 3,662,326 | ||||||
Texas Instruments, Inc. |
41,019 | 7,884,262 | ||||||
|
|
|||||||
50,189,659 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Software 17.9% |
| |||||||
Adobe, Inc.(1) |
25,759 | $ | 14,829,972 | |||||
DocuSign, Inc.(1) |
12,547 | 3,229,974 | ||||||
Five9, Inc.(1) |
8,100 | 1,293,894 | ||||||
Microsoft Corp. |
182,890 | 51,560,349 | ||||||
Paycom Software, Inc.(1) |
11,123 | 5,514,227 | ||||||
RingCentral, Inc., Class A(1) |
16,918 | 3,679,665 | ||||||
salesforce.com, Inc.(1) |
46,517 | 12,616,341 | ||||||
ServiceNow, Inc.(1) |
13,090 | 8,145,514 | ||||||
Workday, Inc., Class A(1) |
31,437 | 7,855,792 | ||||||
|
|
|||||||
108,725,728 | ||||||||
|
|
|||||||
Specialty Retail 1.7% |
| |||||||
The TJX Cos., Inc. |
154,329 | 10,182,627 | ||||||
|
|
|||||||
10,182,627 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 9.4% |
| |||||||
Apple, Inc. |
359,934 | 50,930,661 | ||||||
NetApp, Inc. |
69,870 | 6,271,531 | ||||||
|
|
|||||||
57,202,192 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 3.7% |
| |||||||
Lululemon Athletica, Inc.(1) |
19,438 | 7,866,558 | ||||||
NIKE, Inc., Class B |
65,121 | 9,457,523 | ||||||
VF Corp. |
73,634 | 4,932,742 | ||||||
|
|
|||||||
22,256,823 | ||||||||
|
|
|||||||
Total Common Stocks |
|
602,580,816 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 0.8% |
| |||||||
Repurchase Agreements 0.8% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$4,999,543, |
$ | 4,999,543 | 4,999,543 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
4,999,543 | ||||||
|
|
|||||||
Total Investments 100.1% |
|
607,580,359 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.1)% |
|
(877,609 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 606,702,750 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
|
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 5,099,200 | $ | 5,099,598 |
Legend:
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 602,580,816 | $ | | $ | | $ | 602,580,816 | ||||||||
Repurchase Agreements |
| 4,999,543 | | 4,999,543 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 602,580,816 | $ | 4,999,543 | $ | | $ | 607,580,359 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.5% |
| |||||||
Aerospace & Defense 2.5% |
| |||||||
General Dynamics Corp. |
15,867 | $ | 3,110,408 | |||||
Howmet Aerospace, Inc. |
66,956 | 2,089,027 | ||||||
|
|
|||||||
5,199,435 | ||||||||
|
|
|||||||
Auto Components 0.4% |
| |||||||
Lear Corp. |
5,956 | 931,995 | ||||||
|
|
|||||||
931,995 | ||||||||
|
|
|||||||
Automobiles 0.5% |
| |||||||
Harley-Davidson, Inc. |
31,809 | 1,164,527 | ||||||
|
|
|||||||
1,164,527 | ||||||||
|
|
|||||||
Banks 11.0% |
| |||||||
Bank of America Corp. |
93,522 | 3,970,009 | ||||||
Citigroup, Inc. |
47,956 | 3,365,552 | ||||||
Fifth Third Bancorp |
42,219 | 1,791,774 | ||||||
JPMorgan Chase & Co. |
41,595 | 6,808,686 | ||||||
Truist Financial Corp. |
49,147 | 2,882,472 | ||||||
Wells Fargo & Co. |
97,545 | 4,527,063 | ||||||
|
|
|||||||
23,345,556 | ||||||||
|
|
|||||||
Beverages 1.0% |
| |||||||
Coca-Cola Europacific Partners PLC |
37,504 | 2,073,596 | ||||||
|
|
|||||||
2,073,596 | ||||||||
|
|
|||||||
Biotechnology 1.1% |
| |||||||
AbbVie, Inc. |
21,112 | 2,277,351 | ||||||
|
|
|||||||
2,277,351 | ||||||||
|
|
|||||||
Building Products 0.8% |
| |||||||
Allegion PLC |
5,484 | 724,875 | ||||||
Owens Corning |
12,369 | 1,057,550 | ||||||
|
|
|||||||
1,782,425 | ||||||||
|
|
|||||||
Capital Markets 2.8% |
| |||||||
The Charles Schwab Corp. |
40,020 | 2,915,057 | ||||||
The Goldman Sachs Group, Inc. |
8,122 | 3,070,359 | ||||||
|
|
|||||||
5,985,416 | ||||||||
|
|
|||||||
Chemicals 2.5% |
| |||||||
Axalta Coating Systems Ltd.(1) |
65,132 | 1,901,203 | ||||||
DuPont de Nemours, Inc. |
48,623 | 3,305,878 | ||||||
|
|
|||||||
5,207,081 | ||||||||
|
|
|||||||
Communications Equipment 2.5% |
| |||||||
Cisco Systems, Inc. |
98,707 | 5,372,622 | ||||||
|
|
|||||||
5,372,622 | ||||||||
|
|
|||||||
Construction Materials 0.5% |
| |||||||
CRH PLC, ADR |
21,569 | 1,008,135 | ||||||
|
|
|||||||
1,008,135 | ||||||||
|
|
|||||||
Consumer Finance 1.4% |
| |||||||
Capital One Financial Corp. |
18,912 | 3,063,177 | ||||||
|
|
|||||||
3,063,177 | ||||||||
|
|
|||||||
Distributors 0.9% |
| |||||||
LKQ Corp.(1) |
36,547 | 1,839,045 | ||||||
|
|
|||||||
1,839,045 | ||||||||
|
|
|||||||
Diversified Financial Services 2.9% |
| |||||||
Berkshire Hathaway, Inc., Class B(1) |
22,695 | 6,194,373 | ||||||
|
|
|||||||
6,194,373 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
|
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Electrical Equipment 1.9% |
| |||||||
Eaton Corp. PLC |
20,623 | $ | 3,079,220 | |||||
Vertiv Holdings Co. |
35,433 | 853,581 | ||||||
|
|
|||||||
3,932,801 | ||||||||
|
|
|||||||
Energy Equipment & Services 1.0% |
| |||||||
Schlumberger N.V. |
69,734 | 2,066,916 | ||||||
|
|
|||||||
2,066,916 | ||||||||
|
|
|||||||
Entertainment 0.6% |
| |||||||
Activision Blizzard, Inc. |
16,184 | 1,252,480 | ||||||
|
|
|||||||
1,252,480 | ||||||||
|
|
|||||||
Food & Staples Retailing 0.7% |
| |||||||
US Foods Holding Corp.(1) |
40,186 | 1,392,847 | ||||||
|
|
|||||||
1,392,847 | ||||||||
|
|
|||||||
Health Care Providers & Services 7.5% |
| |||||||
AmerisourceBergen Corp. |
14,787 | 1,766,307 | ||||||
Centene Corp.(1) |
35,377 | 2,204,341 | ||||||
Cigna Corp. |
19,952 | 3,993,593 | ||||||
CVS Health Corp. |
25,891 | 2,197,110 | ||||||
McKesson Corp. |
8,895 | 1,773,485 | ||||||
UnitedHealth Group, Inc. |
10,212 | 3,990,237 | ||||||
|
|
|||||||
15,925,073 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.6% |
| |||||||
Las Vegas Sands Corp.(1) |
34,019 | 1,245,095 | ||||||
|
|
|||||||
1,245,095 | ||||||||
|
|
|||||||
Household Durables 2.7% |
| |||||||
Lennar Corp., Class A |
12,315 | 1,153,669 | ||||||
Mohawk Industries, Inc.(1) |
11,003 | 1,951,932 | ||||||
Sony Group Corp., ADR |
23,097 | 2,554,067 | ||||||
|
|
|||||||
5,659,668 | ||||||||
|
|
|||||||
Insurance 3.1% |
| |||||||
American International Group, Inc. |
28,306 | 1,553,716 | ||||||
Chubb Ltd. |
13,097 | 2,272,068 | ||||||
Everest Re Group Ltd. |
5,234 | 1,312,583 | ||||||
The Progressive Corp. |
16,619 | 1,502,191 | ||||||
|
|
|||||||
6,640,558 | ||||||||
|
|
|||||||
Interactive Media & Services 3.8% |
| |||||||
Alphabet, Inc., Class A(1) |
1,862 | 4,978,094 | ||||||
Facebook, Inc., Class A(1) |
9,223 | 3,130,194 | ||||||
|
|
|||||||
8,108,288 | ||||||||
|
|
|||||||
IT Services 3.4% |
| |||||||
Cognizant Technology Solutions Corp., Class A |
17,286 | 1,282,794 | ||||||
Fidelity National Information Services, Inc. |
22,772 | 2,770,897 | ||||||
FleetCor Technologies, Inc.(1) |
5,580 | 1,457,886 | ||||||
Global Payments, Inc. |
10,284 | 1,620,553 | ||||||
|
|
|||||||
7,132,130 | ||||||||
|
|
|||||||
Leisure Products 0.4% |
| |||||||
Polaris, Inc. |
6,865 | 821,466 | ||||||
|
|
|||||||
821,466 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 2.1% |
| |||||||
Avantor, Inc.(1) |
66,850 | 2,734,165 | ||||||
ICON PLC(1) |
6,256 | 1,639,197 | ||||||
|
|
|||||||
4,373,362 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Machinery 4.9% |
| |||||||
Allison Transmission Holdings, Inc. |
17,268 | $ | 609,906 | |||||
Caterpillar, Inc. |
10,255 | 1,968,652 | ||||||
Deere & Co. |
8,354 | 2,799,175 | ||||||
Dover Corp. |
7,966 | 1,238,713 | ||||||
Otis Worldwide Corp. |
25,947 | 2,134,919 | ||||||
Westinghouse Air Brake Technologies Corp. |
18,138 | 1,563,677 | ||||||
|
|
|||||||
10,315,042 | ||||||||
|
|
|||||||
Media 0.8% |
| |||||||
Charter Communications, Inc., Class A(1) |
2,470 | 1,797,073 | ||||||
|
|
|||||||
1,797,073 | ||||||||
|
|
|||||||
Metals & Mining 0.5% |
| |||||||
Newmont Corp. |
20,159 | 1,094,634 | ||||||
|
|
|||||||
1,094,634 | ||||||||
|
|
|||||||
Multi-Utilities 1.7% |
| |||||||
CenterPoint Energy, Inc. |
72,367 | 1,780,228 | ||||||
Dominion Energy, Inc. |
24,129 | 1,761,900 | ||||||
|
|
|||||||
3,542,128 | ||||||||
|
|
|||||||
Multiline Retail 0.5% |
| |||||||
Kohls Corp. |
20,880 | 983,239 | ||||||
|
|
|||||||
983,239 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 7.8% |
| |||||||
Canadian Natural Resources Ltd. |
55,185 | 2,016,460 | ||||||
ConocoPhillips |
77,205 | 5,232,183 | ||||||
EOG Resources, Inc. |
29,106 | 2,336,339 | ||||||
HollyFrontier Corp. |
31,626 | 1,047,769 | ||||||
Marathon Petroleum Corp. |
53,319 | 3,295,647 | ||||||
Pioneer Natural Resources Co. |
15,587 | 2,595,391 | ||||||
|
|
|||||||
16,523,789 | ||||||||
|
|
|||||||
Pharmaceuticals 6.8% |
| |||||||
Bristol Myers Squibb Co. |
31,798 | 1,881,488 | ||||||
Johnson & Johnson |
40,185 | 6,489,877 | ||||||
Novartis AG, ADR |
19,613 | 1,603,951 | ||||||
Pfizer, Inc. |
64,153 | 2,759,221 | ||||||
Sanofi, ADR |
35,582 | 1,715,408 | ||||||
|
|
|||||||
14,449,945 | ||||||||
|
|
|||||||
Road & Rail 1.8% |
| |||||||
Canadian National Railway Co. |
19,116 | 2,210,765 | ||||||
Union Pacific Corp. |
8,674 | 1,700,191 | ||||||
|
|
|||||||
3,910,956 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 7.3% |
| |||||||
Applied Materials, Inc. |
23,561 | 3,033,008 | ||||||
KLA Corp. |
4,261 | 1,425,347 | ||||||
Lam Research Corp. |
3,428 | 1,951,046 | ||||||
Micron Technology, Inc. |
45,364 | 3,219,937 | ||||||
NXP Semiconductors N.V. |
6,406 | 1,254,743 | ||||||
Qorvo, Inc.(1) |
9,241 | 1,545,003 | ||||||
QUALCOMM, Inc. |
23,203 | 2,992,723 | ||||||
|
|
|||||||
15,421,807 | ||||||||
|
|
|||||||
Software 2.1% |
| |||||||
NortonLifeLock, Inc. |
56,242 | 1,422,923 | ||||||
Oracle Corp. |
17,170 | 1,496,022 | ||||||
SS&C Technologies Holdings, Inc. |
22,021 | 1,528,257 | ||||||
|
|
|||||||
4,447,202 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND
|
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Specialty Retail 3.4% |
| |||||||
AutoZone, Inc.(1) |
2,803 | $ | 4,759,466 | |||||
Lowes Cos., Inc. |
6,502 | 1,318,996 | ||||||
The TJX Cos., Inc. |
18,595 | 1,226,898 | ||||||
|
|
|||||||
7,305,360 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 0.5% |
| |||||||
NetApp, Inc. |
10,955 | 983,321 | ||||||
|
|
|||||||
983,321 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 0.7% |
| |||||||
Tapestry, Inc. |
42,217 | 1,562,873 | ||||||
|
|
|||||||
1,562,873 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.3% |
| |||||||
United Rentals, Inc.(1) |
8,119 | 2,849,201 | ||||||
|
|
|||||||
2,849,201 | ||||||||
|
|
|||||||
Wireless Telecommunication Services 0.8% |
| |||||||
T-Mobile US, Inc.(1) |
12,851 | 1,641,844 | ||||||
|
|
|||||||
1,641,844 | ||||||||
|
|
|||||||
Total Common Stocks |
|
210,823,832 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 0.5% |
| |||||||
Repurchase Agreements 0.5% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$1,038,446, |
$ | 1,038,446 | 1,038,446 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
1,038,446 | ||||||
|
|
|||||||
Total Investments 100.0% |
|
211,862,278 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.0)% |
|
(78,894 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 211,783,384 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value |
||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 1,059,200 | $ | 1,059,283 |
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, 2021 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 |
$ | 210,823,832 | $ | | $ | | $ | 210,823,832 | ||||||||
Repurchase Agreements |
| 1,038,446 | | 1,038,446 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 210,823,832 | $ | 1,038,446 | $ | | $ | 211,862,278 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 98.9% |
| |||||||
Aerospace & Defense 1.5% |
| |||||||
Raytheon Technologies Corp. |
61,520 | $ | 5,288,259 | |||||
|
|
|||||||
5,288,259 | ||||||||
|
|
|||||||
Air Freight & Logistics 2.2% |
| |||||||
United Parcel Service, Inc., Class B |
41,956 | 7,640,188 | ||||||
|
|
|||||||
7,640,188 | ||||||||
|
|
|||||||
Auto Components 1.6% |
| |||||||
Aptiv PLC(1) |
36,674 | 5,463,326 | ||||||
|
|
|||||||
5,463,326 | ||||||||
|
|
|||||||
Beverages 2.3% |
| |||||||
Anheuser-Busch InBev S.A., ADR |
44,048 | 2,483,426 | ||||||
Monster Beverage Corp.(1) |
60,590 | 5,382,210 | ||||||
|
|
|||||||
7,865,636 | ||||||||
|
|
|||||||
Biotechnology 0.7% |
| |||||||
BioMarin Pharmaceutical, Inc.(1) |
32,291 | 2,495,771 | ||||||
|
|
|||||||
2,495,771 | ||||||||
|
|
|||||||
Chemicals 1.2% |
| |||||||
Ecolab, Inc. |
19,981 | 4,168,436 | ||||||
|
|
|||||||
4,168,436 | ||||||||
|
|
|||||||
Electrical Equipment 1.5% |
| |||||||
Eaton Corp. PLC |
34,140 | 5,097,443 | ||||||
|
|
|||||||
5,097,443 | ||||||||
|
|
|||||||
Entertainment 5.0% |
| |||||||
Netflix, Inc.(1) |
10,000 | 6,103,400 | ||||||
Sea Ltd., ADR(1) |
16,160 | 5,150,677 | ||||||
The Walt Disney Co.(1) |
36,219 | 6,127,168 | ||||||
|
|
|||||||
17,381,245 | ||||||||
|
|
|||||||
Equity Real Estate Investment 1.5% |
| |||||||
Equinix, Inc. REIT |
6,727 | 5,315,205 | ||||||
|
|
|||||||
5,315,205 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 2.6% |
| |||||||
Alcon, Inc. |
64,560 | 5,195,143 | ||||||
Intuitive Surgical, Inc.(1) |
3,890 | 3,867,244 | ||||||
|
|
|||||||
9,062,387 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.0% |
| |||||||
UnitedHealth Group, Inc. |
26,547 | 10,372,975 | ||||||
|
|
|||||||
10,372,975 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.3% |
| |||||||
Booking Holdings, Inc.(1) |
1,904 | 4,519,848 | ||||||
|
|
|||||||
4,519,848 | ||||||||
|
|
|||||||
Interactive Media & Services 6.3% |
| |||||||
Facebook, Inc., Class A(1) |
64,613 | 21,929,006 | ||||||
|
|
|||||||
21,929,006 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 10.3% |
| |||||||
Alibaba Group Holding Ltd., ADR(1) |
29,486 | 4,365,402 | ||||||
Amazon.com, Inc.(1) |
9,605 | 31,552,809 | ||||||
|
|
|||||||
35,918,211 | ||||||||
|
|
|||||||
IT Services 6.3% |
| |||||||
Akamai Technologies, Inc.(1) |
23,329 | 2,439,980 | ||||||
Fidelity National Information Services, Inc. |
36,087 | 4,391,066 | ||||||
Visa, Inc., Class A |
67,387 | 15,010,455 | ||||||
|
|
|||||||
21,841,501 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Life Sciences Tools & Services 2.9% |
| |||||||
Thermo Fisher Scientific, Inc. |
17,632 | $ | 10,073,691 | |||||
|
|
|||||||
10,073,691 | ||||||||
|
|
|||||||
Pharmaceuticals 2.5% |
| |||||||
Zoetis, Inc. |
44,521 | 8,643,307 | ||||||
|
|
|||||||
8,643,307 | ||||||||
|
|
|||||||
Professional Services 2.0% |
| |||||||
IHS Markit Ltd. |
59,207 | 6,904,720 | ||||||
|
|
|||||||
6,904,720 | ||||||||
|
|
|||||||
Road & Rail 1.7% |
| |||||||
Uber Technologies, Inc.(1) |
135,182 | 6,056,154 | ||||||
|
|
|||||||
6,056,154 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 8.6% |
| |||||||
ASML Holding N.V. |
6,900 | 5,141,259 | ||||||
NVIDIA Corp. |
61,532 | 12,746,969 | ||||||
NXP Semiconductors N.V. |
23,240 | 4,552,019 | ||||||
QUALCOMM, Inc. |
58,321 | 7,522,242 | ||||||
|
|
|||||||
29,962,489 | ||||||||
|
|
|||||||
Software 21.0% |
| |||||||
Adobe, Inc.(1) |
20,860 | 12,009,519 | ||||||
Atlassian Corp. PLC, Class A(1) |
20,590 | 8,059,338 | ||||||
Microsoft Corp. |
65,104 | 18,354,120 | ||||||
Palo Alto Networks, Inc.(1) |
19,994 | 9,577,126 | ||||||
salesforce.com, Inc.(1) |
50,950 | 13,818,659 | ||||||
Splunk, Inc.(1) |
35,281 | 5,105,513 | ||||||
UiPath, Inc., Class A(1) |
36,059 | 1,897,064 | ||||||
Workday, Inc., Class A(1) |
16,830 | 4,205,649 | ||||||
|
|
|||||||
73,026,988 | ||||||||
|
|
|||||||
Specialty Retail 6.7% |
| |||||||
Advance Auto Parts, Inc. |
23,060 | 4,817,003 | ||||||
The Home Depot, Inc. |
23,523 | 7,721,660 | ||||||
Tractor Supply Co. |
24,020 | 4,866,692 | ||||||
Ulta Beauty, Inc.(1) |
16,433 | 5,930,998 | ||||||
|
|
|||||||
23,336,353 | ||||||||
|
|
|||||||
Technology Hardware, Storage & Peripherals 4.7% |
| |||||||
Apple, Inc. |
114,844 | 16,250,426 | ||||||
|
|
|||||||
16,250,426 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.5% |
| |||||||
WW Grainger, Inc. |
13,779 | 5,415,974 | ||||||
|
|
|||||||
5,415,974 | ||||||||
|
|
|||||||
Total Common Stocks |
|
344,029,539 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 1.2% |
| |||||||
Repurchase Agreements 1.2% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$4,267,042, |
$ | 4,267,042 | $ | 4,267,042 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
4,267,042 | ||||||
|
|
|||||||
Total Investments 100.1% |
|
348,296,581 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.1)% |
|
(322,352 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 347,974,229 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 4,352,100 | $ | 4,352,439 |
Legend:
ADR American Depositary Receipt
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 344,029,539 | $ | | $ | | $ | 344,029,539 | ||||||||
Repurchase Agreements |
| 4,267,042 | | 4,267,042 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 344,029,539 | $ | 4,267,042 | $ | | $ | 348,296,581 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.0% |
| |||||||
Aerospace & Defense 1.5% |
| |||||||
L3Harris Technologies, Inc. |
8,225 | $ | 1,811,474 | |||||
|
|
|||||||
1,811,474 | ||||||||
|
|
|||||||
Airlines 1.1% |
| |||||||
Ryanair Holdings PLC, ADR(1) |
12,178 | 1,340,311 | ||||||
|
|
|||||||
1,340,311 | ||||||||
|
|
|||||||
Auto Components 0.5% |
| |||||||
Visteon Corp.(1) |
6,770 | 639,020 | ||||||
|
|
|||||||
639,020 | ||||||||
|
|
|||||||
Banks 1.3% |
| |||||||
SVB Financial Group(1) |
2,437 | 1,576,447 | ||||||
|
|
|||||||
1,576,447 | ||||||||
|
|
|||||||
Biotechnology 2.5% |
| |||||||
Abcam PLC, ADR(1) |
15,876 | 321,807 | ||||||
Ascendis Pharma A/S, ADR(1) |
3,662 | 583,686 | ||||||
BioMarin Pharmaceutical, Inc.(1) |
8,658 | 669,177 | ||||||
Emergent BioSolutions, Inc.(1) |
3,203 | 160,374 | ||||||
Neurocrine Biosciences, Inc.(1) |
8,379 | 803,630 | ||||||
Sarepta Therapeutics, Inc.(1) |
6,055 | 559,966 | ||||||
|
|
|||||||
3,098,640 | ||||||||
|
|
|||||||
Capital Markets 5.4% |
| |||||||
Cboe Global Markets, Inc. |
8,103 | 1,003,638 | ||||||
LPL Financial Holdings, Inc. |
27,123 | 4,251,801 | ||||||
MSCI, Inc. |
1,297 | 789,017 | ||||||
The Charles Schwab Corp. |
9,296 | 677,121 | ||||||
|
|
|||||||
6,721,577 | ||||||||
|
|
|||||||
Commercial Services & Supplies 2.6% |
| |||||||
Cimpress PLC(1) |
12,039 | 1,045,346 | ||||||
Ritchie Bros Auctioneers, Inc. |
34,875 | 2,150,393 | ||||||
|
|
|||||||
3,195,739 | ||||||||
|
|
|||||||
Containers & Packaging 1.0% |
| |||||||
Sealed Air Corp. |
21,679 | 1,187,792 | ||||||
|
|
|||||||
1,187,792 | ||||||||
|
|
|||||||
Diversified Consumer Services 1.5% |
| |||||||
Coursera, Inc.(1) |
3,386 | 107,167 | ||||||
Frontdoor, Inc.(1) |
18,635 | 780,806 | ||||||
Terminix Global Holdings, Inc.(1) |
22,195 | 924,866 | ||||||
|
|
|||||||
1,812,839 | ||||||||
|
|
|||||||
Electric Utilities 1.4% |
| |||||||
Alliant Energy Corp. |
31,192 | 1,746,128 | ||||||
|
|
|||||||
1,746,128 | ||||||||
|
|
|||||||
Electrical Equipment 2.4% |
| |||||||
Sensata Technologies Holding PLC(1) |
53,794 | 2,943,608 | ||||||
|
|
|||||||
2,943,608 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 6.6% |
| |||||||
Flex Ltd.(1) |
102,522 | 1,812,589 | ||||||
National Instruments Corp. |
33,716 | 1,322,679 | ||||||
TE Connectivity Ltd. |
23,897 | 3,279,146 | ||||||
Teledyne Technologies, Inc.(1) |
4,190 | 1,799,940 | ||||||
|
|
|||||||
8,214,354 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Entertainment 1.1% |
| |||||||
Liberty Media Corp-Liberty Formula One, Class C(1) |
26,951 | $ | 1,385,551 | |||||
|
|
|||||||
1,385,551 | ||||||||
|
|
|||||||
Equity Real Estate Investment 1.9% |
| |||||||
Lamar Advertising Co., Class A, REIT |
21,316 | 2,418,300 | ||||||
|
|
|||||||
2,418,300 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 7.2% |
| |||||||
Boston Scientific Corp.(1) |
66,612 | 2,890,295 | ||||||
Dentsply Sirona, Inc. |
19,893 | 1,154,788 | ||||||
ICU Medical, Inc.(1) |
5,545 | 1,294,092 | ||||||
Teleflex, Inc. |
2,505 | 943,258 | ||||||
The Cooper Cos., Inc. |
6,313 | 2,609,226 | ||||||
|
|
|||||||
8,891,659 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 1.7% |
| |||||||
Aramark |
30,244 | 993,818 | ||||||
Entain PLC (United Kingdom)(1) |
39,830 | 1,140,171 | ||||||
|
|
|||||||
2,133,989 | ||||||||
|
|
|||||||
Insurance 6.3% |
| |||||||
Aon PLC, Class A |
7,234 | 2,067,260 | ||||||
Intact Financial Corp. (Canada) |
18,646 | 2,465,524 | ||||||
Oscar Health, Inc., Class A(1) |
8,359 | 145,363 | ||||||
Ryan Specialty Group Holdings, Inc., Class A(1) |
26,368 | 893,084 | ||||||
WR Berkley Corp. |
30,644 | 2,242,528 | ||||||
|
|
|||||||
7,813,759 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 1.2% |
| |||||||
Wayfair, Inc., Class A(1) |
5,793 | 1,480,169 | ||||||
|
|
|||||||
1,480,169 | ||||||||
|
|
|||||||
IT Services 11.8% |
| |||||||
Amdocs Ltd. |
27,526 | 2,083,993 | ||||||
Broadridge Financial Solutions, Inc. |
17,623 | 2,936,697 | ||||||
Edenred (France) |
8,691 | 468,104 | ||||||
Fidelity National Information Services, Inc. |
14,102 | 1,715,931 | ||||||
Global Payments, Inc. |
10,409 | 1,640,250 | ||||||
GoDaddy, Inc., Class A(1) |
30,928 | 2,155,682 | ||||||
WEX, Inc.(1) |
14,988 | 2,639,986 | ||||||
Wix.com Ltd.(1) |
5,268 | 1,032,370 | ||||||
|
|
|||||||
14,673,013 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 4.1% |
| |||||||
ICON PLC(1) |
4,761 | 1,247,477 | ||||||
Illumina, Inc.(1) |
2,243 | 909,783 | ||||||
PerkinElmer, Inc. |
8,846 | 1,532,924 | ||||||
Waters Corp.(1) |
3,897 | 1,392,398 | ||||||
|
|
|||||||
5,082,582 | ||||||||
|
|
|||||||
Machinery 3.3% |
| |||||||
Ingersoll Rand, Inc.(1) |
30,962 | 1,560,795 | ||||||
Rexnord Corp. |
26,024 | 1,673,083 | ||||||
Westinghouse Air Brake Technologies Corp. |
10,677 | 920,464 | ||||||
|
|
|||||||
4,154,342 | ||||||||
|
|
|||||||
Personal Products 0.1% |
| |||||||
Olaplex Holdings, Inc.(1) |
6,434 | 157,633 | ||||||
|
|
|||||||
157,633 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Pharmaceuticals 2.7% |
| |||||||
Catalent, Inc.(1) |
17,785 | $ | 2,366,650 | |||||
Elanco Animal Health, Inc.(1) |
32,177 | 1,026,124 | ||||||
|
|
|||||||
3,392,774 | ||||||||
|
|
|||||||
Professional Services 0.8% |
| |||||||
Verisk Analytics, Inc. |
5,217 | 1,044,809 | ||||||
|
|
|||||||
1,044,809 | ||||||||
|
|
|||||||
Real Estate Management & Development 0.6% |
| |||||||
Redfin Corp.(1) |
14,350 | 718,935 | ||||||
|
|
|||||||
718,935 | ||||||||
|
|
|||||||
Road & Rail 2.2% |
| |||||||
JB Hunt Transport Services, Inc. |
16,626 | 2,780,200 | ||||||
|
|
|||||||
2,780,200 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 7.8% |
| |||||||
KLA Corp. |
9,357 | 3,130,010 | ||||||
Lam Research Corp. |
2,423 | 1,379,050 | ||||||
Microchip Technology, Inc. |
11,624 | 1,784,168 | ||||||
NXP Semiconductors N.V. |
4,898 | 959,371 | ||||||
ON Semiconductor Corp.(1) |
53,841 | 2,464,303 | ||||||
|
|
|||||||
9,716,902 | ||||||||
|
|
|||||||
Software 12.6% |
| |||||||
Atlassian Corp. PLC, Class A(1) |
2,849 | 1,115,155 | ||||||
Ceridian HCM Holding, Inc.(1) |
19,313 | 2,175,030 | ||||||
Constellation Software, Inc. (Canada) |
1,897 | 3,107,779 | ||||||
Dolby Laboratories, Inc., Class A |
9,556 | 840,928 | ||||||
Dynatrace, Inc.(1) |
15,627 | 1,109,048 | ||||||
J2 Global, Inc.(1) |
4,972 | 679,275 | ||||||
Nice Ltd., ADR(1) |
10,693 | 3,037,240 | ||||||
SS&C Technologies Holdings, Inc. |
46,131 | 3,201,491 | ||||||
Topicus.com, Inc. (Canada)(1) |
3,528 | 370,432 | ||||||
|
|
|||||||
15,636,378 | ||||||||
|
|
|||||||
Specialty Retail 3.0% |
| |||||||
Burlington Stores, Inc.(1) |
3,175 | 900,335 | ||||||
CarMax, Inc.(1) |
19,055 | 2,438,278 | ||||||
Vroom, Inc.(1) |
18,206 | 401,806 | ||||||
|
|
|||||||
3,740,419 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods 1.6% |
| |||||||
Gildan Activewear, Inc. |
53,535 | 1,954,563 | ||||||
On Holding AG, Class A(1) |
175 | 5,273 | ||||||
|
|
|||||||
1,959,836 | ||||||||
|
|
|||||||
Trading Companies & Distributors 1.2% |
| |||||||
Ferguson PLC (United Kingdom) |
10,914 | 1,512,930 | ||||||
|
|
|||||||
1,512,930 | ||||||||
|
|
|||||||
Total Common Stocks |
|
122,982,109 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 1.3% |
| |||||||
Repurchase Agreements 1.3% |
| |||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$1,549,376, |
$ | 1,549,376 | $ | 1,549,376 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
1,549,376 | ||||||
|
|
|||||||
Total Investments 100.3% |
|
124,531,485 | ||||||
|
|
|||||||
Liabilities in excess of other assets (0.3)% |
|
(337,494 | ) | |||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 124,193,991 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 1,580,300 | $ | 1,580,423 |
Legend:
ADR American Depositary Receipt
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 119,860,904 | $ | 3,121,205 | * | $ | | $ | 122,982,109 | |||||||
Repurchase Agreements |
| 1,549,376 | | 1,549,376 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 119,860,904 | $ | 4,670,581 | $ | | $ | 124,531,485 | ||||||||
|
|
|
|
|
|
|
|
* | 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, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.0% |
| |||||||
Aerospace & Defense 0.9% |
| |||||||
General Dynamics Corp. |
10,717 | $ | 2,100,853 | |||||
|
|
|||||||
2,100,853 | ||||||||
|
|
|||||||
Auto Components 3.3% |
| |||||||
Aptiv PLC(1) |
19,286 | 2,873,035 | ||||||
Lear Corp. |
31,152 | 4,874,665 | ||||||
|
|
|||||||
7,747,700 | ||||||||
|
|
|||||||
Banks 5.0% |
| |||||||
Fifth Third Bancorp |
109,731 | 4,656,984 | ||||||
PacWest Bancorp |
38,025 | 1,723,293 | ||||||
Regions Financial Corp. |
167,988 | 3,579,824 | ||||||
Zions Bancorporation N.A. |
26,736 | 1,654,691 | ||||||
|
|
|||||||
11,614,792 | ||||||||
|
|
|||||||
Beverages 2.3% |
| |||||||
Keurig Dr Pepper, Inc. |
156,840 | 5,357,654 | ||||||
|
|
|||||||
5,357,654 | ||||||||
|
|
|||||||
Building Products 5.4% |
| |||||||
Builders FirstSource, Inc.(1) |
36,917 | 1,910,086 | ||||||
Carlisle Cos., Inc. |
40,206 | 7,992,551 | ||||||
Masco Corp. |
49,886 | 2,771,167 | ||||||
|
|
|||||||
12,673,804 | ||||||||
|
|
|||||||
Capital Markets 1.8% |
| |||||||
LPL Financial Holdings, Inc. |
27,285 | 4,277,197 | ||||||
|
|
|||||||
4,277,197 | ||||||||
|
|
|||||||
Chemicals 2.3% |
| |||||||
Celanese Corp. |
19,648 | 2,959,775 | ||||||
Diversey Holdings Ltd.(1) |
60,654 | 972,890 | ||||||
FMC Corp. |
16,472 | 1,508,176 | ||||||
|
|
|||||||
5,440,841 | ||||||||
|
|
|||||||
Commercial Services & Supplies 2.6% |
| |||||||
Republic Services, Inc. |
51,037 | 6,127,502 | ||||||
|
|
|||||||
6,127,502 | ||||||||
|
|
|||||||
Communications Equipment 0.9% |
| |||||||
Juniper Networks, Inc. |
77,017 | 2,119,508 | ||||||
|
|
|||||||
2,119,508 | ||||||||
|
|
|||||||
Construction & Engineering 1.8% |
| |||||||
API Group Corp.(1)(2) |
48,217 | 981,216 | ||||||
MasTec, Inc.(1) |
38,439 | 3,316,517 | ||||||
|
|
|||||||
4,297,733 | ||||||||
|
|
|||||||
Consumer Finance 1.7% |
| |||||||
Discover Financial Services |
32,643 | 4,010,192 | ||||||
|
|
|||||||
4,010,192 | ||||||||
|
|
|||||||
Containers & Packaging 0.8% |
| |||||||
AptarGroup, Inc. |
15,856 | 1,892,414 | ||||||
|
|
|||||||
1,892,414 | ||||||||
|
|
|||||||
Distributors 2.2% |
| |||||||
LKQ Corp.(1) |
104,258 | 5,246,263 | ||||||
|
|
|||||||
5,246,263 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Diversified Financial Services 1.5% |
| |||||||
Liberty Media Acquisition Corp., Class A(1) |
39,475 | $ | 397,908 | |||||
Pershing Square Tontine Holdings Ltd., Class A(1) |
153,187 | 3,017,784 | ||||||
|
|
|||||||
3,415,692 | ||||||||
|
|
|||||||
Electric Utilities 3.5% |
| |||||||
American Electric Power Co., Inc. |
57,676 | 4,682,138 | ||||||
FirstEnergy Corp. |
98,688 | 3,515,266 | ||||||
|
|
|||||||
8,197,404 | ||||||||
|
|
|||||||
Energy Equipment & Services 1.0% |
| |||||||
Baker Hughes Co. |
25,741 | 636,575 | ||||||
NOV, Inc.(1) |
134,546 | 1,763,898 | ||||||
|
|
|||||||
2,400,473 | ||||||||
|
|
|||||||
Equity Real Estate Investment 3.2% |
| |||||||
American Campus Communities, Inc. REIT |
64,037 | 3,102,593 | ||||||
Equity LifeStyle Properties, Inc. REIT |
11,260 | 879,406 | ||||||
Invitation Homes, Inc. REIT |
90,331 | 3,462,387 | ||||||
|
|
|||||||
7,444,386 | ||||||||
|
|
|||||||
Food & Staples Retailing 2.0% |
| |||||||
BJs Wholesale Club Holdings, Inc.(1) |
84,383 | 4,634,314 | ||||||
|
|
|||||||
4,634,314 | ||||||||
|
|
|||||||
Food Products 1.2% |
| |||||||
Lamb Weston Holdings, Inc. |
44,078 | 2,705,067 | ||||||
|
|
|||||||
2,705,067 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 4.3% |
| |||||||
Alcon, Inc. |
73,213 | 5,891,450 | ||||||
Zimmer Biomet Holdings, Inc. |
28,233 | 4,132,182 | ||||||
|
|
|||||||
10,023,632 | ||||||||
|
|
|||||||
Health Care Providers & Services 3.2% |
| |||||||
Humana, Inc. |
10,201 | 3,969,719 | ||||||
Universal Health Services, Inc., Class B |
24,637 | 3,409,022 | ||||||
|
|
|||||||
7,378,741 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 3.5% |
| |||||||
Expedia Group, Inc.(1) |
26,785 | 4,390,062 | ||||||
Yum China Holdings, Inc. |
63,610 | 3,696,377 | ||||||
|
|
|||||||
8,086,439 | ||||||||
|
|
|||||||
Household Durables 2.8% |
| |||||||
D.R. Horton, Inc. |
63,230 | 5,309,423 | ||||||
Helen of Troy Ltd.(1) |
5,590 | 1,255,961 | ||||||
|
|
|||||||
6,565,384 | ||||||||
|
|
|||||||
Household Products 3.9% |
| |||||||
Church & Dwight Co., Inc. |
47,143 | 3,892,597 | ||||||
Reynolds Consumer Products, Inc. |
190,517 | 5,208,735 | ||||||
|
|
|||||||
9,101,332 | ||||||||
|
|
|||||||
Insurance 8.4% |
| |||||||
Arch Capital Group Ltd.(1) |
164,699 | 6,288,208 | ||||||
Brown & Brown, Inc. |
110,032 | 6,101,274 | ||||||
Loews Corp. |
55,144 | 2,973,916 | ||||||
The Allstate Corp. |
32,547 | 4,143,559 | ||||||
|
|
|||||||
19,506,957 | ||||||||
|
|
|||||||
IT Services 4.7% |
| |||||||
Amdocs Ltd. |
77,308 | 5,852,989 | ||||||
Euronet Worldwide, Inc.(1) |
40,222 | 5,119,456 | ||||||
|
|
|||||||
10,972,445 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Machinery 4.1% |
| |||||||
Donaldson Co., Inc. |
37,694 | $ | 2,164,013 | |||||
Gates Industrial Corp. PLC(1) |
113,650 | 1,849,085 | ||||||
Stanley Black & Decker, Inc. |
31,514 | 5,524,719 | ||||||
|
|
|||||||
9,537,817 | ||||||||
|
|
|||||||
Metals & Mining 1.0% |
| |||||||
Freeport-McMoRan, Inc. |
74,525 | 2,424,298 | ||||||
|
|
|||||||
2,424,298 | ||||||||
|
|
|||||||
Mortgage Real Estate Investment 1.2% |
| |||||||
Annaly Capital Management, Inc. REIT |
341,529 | 2,875,674 | ||||||
|
|
|||||||
2,875,674 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.7% |
| |||||||
Devon Energy Corp. |
41,353 | 1,468,445 | ||||||
EOG Resources, Inc. |
39,244 | 3,150,116 | ||||||
Hess Corp. |
19,843 | 1,549,937 | ||||||
Valero Energy Corp. |
35,148 | 2,480,394 | ||||||
|
|
|||||||
8,648,892 | ||||||||
|
|
|||||||
Professional Services 2.1% |
| |||||||
Jacobs Engineering Group, Inc. |
36,721 | 4,866,634 | ||||||
|
|
|||||||
4,866,634 | ||||||||
|
|
|||||||
Real Estate Management & Development 3.0% |
| |||||||
CBRE Group, Inc., Class A(1) |
71,821 | 6,992,493 | ||||||
|
|
|||||||
6,992,493 | ||||||||
|
|
|||||||
Software 2.1% |
| |||||||
ironSource Ltd., Class A(1) |
99,986 | 1,086,848 | ||||||
NCR Corp.(1) |
97,786 | 3,790,185 | ||||||
|
|
|||||||
4,877,033 | ||||||||
|
|
|||||||
Specialty Retail 1.5% |
| |||||||
Best Buy Co., Inc. |
32,479 | 3,433,355 | ||||||
|
|
|||||||
3,433,355 | ||||||||
|
|
|||||||
Trading Companies & Distributors 3.9% |
| |||||||
AerCap Holdings N.V.(1) |
124,751 | 7,211,856 | ||||||
United Rentals, Inc.(1) |
5,053 | 1,773,249 | ||||||
|
|
|||||||
8,985,105 | ||||||||
|
|
|||||||
Water Utilities 2.2% |
| |||||||
American Water Works Co., Inc. |
29,870 | 5,049,225 | ||||||
|
|
|||||||
5,049,225 | ||||||||
|
|
|||||||
Total Common Stocks |
|
231,029,245 | ||||||
|
|
|||||||
ExchangeTraded Funds 0.8% |
| |||||||
SPDR S&P Oil & Gas Exploration & Production ETF |
19,314 | 1,868,050 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
|
1,868,050 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MID CAP RELATIVE VALUE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Warrants 0.0% |
| |||||||
Liberty Media Acquisition Corp., Class A(1) |
7,895 | $ | 12,079 | |||||
Pershing Square Tontine Holdings Ltd., Class A(1) |
17,930 | 23,130 | ||||||
|
|
|||||||
Total Warrants |
|
35,209 | ||||||
|
|
|||||||
Total Investments 99.8% |
|
232,932,504 | ||||||
|
|
|||||||
Assets in excess of other liabilities 0.2% |
|
389,362 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 233,321,866 | |||||
|
|
(1) | Nonincomeproducing security. |
(2) | Security 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, 2021, the aggregate market value of this security amounted to $981,216, representing 0.4% of net assets. This security has been deemed liquid by the investment adviser pursuant to the Funds liquidity procedures approved by the Board of Trustees. |
Legend:
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 231,029,245 | $ | | $ | | $ | 231,029,245 | ||||||||
ExchangeTraded Funds |
1,868,050 | | | 1,868,050 | ||||||||||||
Warrants |
| 35,209 | | 35,209 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 232,897,295 | $ | 35,209 | $ | | $ | 232,932,504 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 7.7% |
| |||||||
Federal National Mortgage Association |
||||||||
3.50% due 9/1/2047 |
$ | 2,285,720 | $ | 2,457,101 | ||||
3.50% due 3/1/2050 |
1,411,286 | 1,513,584 | ||||||
Uniform Mortgage-Backed Security |
||||||||
2.50% due 10/1/2051(1) |
7,242,000 | 7,465,488 | ||||||
3.00% due 10/1/2051(1) |
14,826,000 | 15,511,851 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
26,948,024 | |||||||
|
|
|||||||
AssetBacked Securities 18.5% |
||||||||
ACC Trust |
||||||||
2019-1 B |
||||||||
4.47% due 10/20/2022(2) |
172,193 | 173,191 | ||||||
Apidos CLO XXXV |
||||||||
2021-35A A |
||||||||
1.249% (LIBOR 3 Month + 1.05%) due 4/20/2034(2)(3) |
400,000 | 400,349 | ||||||
Arbor Realty Commercial Real Estate Ltd. |
||||||||
2021-FL2 D |
||||||||
2.584% (LIBOR 1 Month + 2.50%) due 5/15/2036(2)(3) |
700,000 | 700,876 | ||||||
2021-FL2 E |
||||||||
3.034% (LIBOR 1 Month + 2.95%) due 5/15/2036(2)(3) |
170,000 | 170,213 | ||||||
2021-FL3 D |
||||||||
2.285% (LIBOR 1 Month + 2.20%) due 8/15/2034(2)(3) |
1,030,000 | 1,029,362 | ||||||
Avid Automobile Receivables Trust |
||||||||
2019-1 A |
||||||||
2.62% due 2/15/2024(2) |
35,704 | 35,766 | ||||||
2019-1 B |
||||||||
2.82% due 7/15/2026(2) |
500,000 | 506,135 | ||||||
Avis Budget Rental Car Funding AESOP LLC |
||||||||
2019-3A A |
||||||||
2.36% due 3/20/2026(2) |
1,545,000 | 1,606,863 | ||||||
2020-2A A |
||||||||
2.02% due 2/20/2027(2) |
1,750,000 | 1,792,262 | ||||||
Bain Capital Credit CLO |
||||||||
2019-2A AR |
||||||||
1.23% (LIBOR 3 Month + 1.10%) due 10/17/2032(2)(3) |
880,000 | 879,780 | ||||||
Barings CLO Ltd. |
||||||||
2018-3A D |
||||||||
3.034% (LIBOR 3 Month + 2.90%) due 7/20/2029(2)(3) |
250,000 | 244,900 | ||||||
2019-3A BR |
||||||||
1.734% (LIBOR 3 Month + 1.60%) due 4/20/2031(2)(3) |
540,000 | 539,728 | ||||||
BlueMountain CLO Ltd. |
||||||||
2012-2A AR2 |
||||||||
1.181% (LIBOR 3 Month + 1.05%) due 11/20/2028(2)(3) |
299,631 | 299,332 | ||||||
Carlyle Global Market Strategies CLO Ltd. |
||||||||
2015-5A BRR |
||||||||
2.43% (LIBOR 3 Month + 2.30%) due 1/20/2032(2)(3) |
410,000 | 409,795 | ||||||
Carlyle U.S. CLO Ltd. |
||||||||
2021-1A A1 |
||||||||
1.331% (LIBOR 3 Month + 1.14%) due 4/15/2034(2)(3) |
1,400,000 | 1,399,646 | ||||||
CarMax Auto Owner Trust |
||||||||
2021-1 A2A |
||||||||
0.22% due 2/15/2024 |
1,899,040 | 1,899,313 | ||||||
CBAM Ltd. |
||||||||
2017-1A D |
||||||||
3.884% (LIBOR 3 Month + 3.75%) due 7/20/2030(2)(3) |
530,000 | 526,078 | ||||||
CIFC Funding Ltd. |
||||||||
2021-1A A1 |
||||||||
1.235% (LIBOR 3 Month + 1.11%) due 4/25/2033(2)(3) |
1,330,000 | 1,329,665 | ||||||
2021-4A A |
||||||||
1.144% (LIBOR 3 Month + 1.05%) due 7/15/2033(2)(3) |
1,000,000 | 1,000,162 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
||||||||
CPS Auto Receivables Trust |
||||||||
2018-B D |
||||||||
4.26% due 3/15/2024(2) |
$ | 597,594 | $ | 607,099 | ||||
2020-C C |
||||||||
1.71% due 8/17/2026(2) |
410,000 | 414,148 | ||||||
Drive Auto Receivables Trust |
||||||||
2017-1 D |
||||||||
3.84% due 3/15/2023 |
42,336 | 42,380 | ||||||
2020-2 C |
||||||||
2.28% due 8/17/2026 |
1,975,000 | 2,011,875 | ||||||
Dryden 58 CLO Ltd. |
||||||||
2018-58A B |
||||||||
1.634% (LIBOR 3 Month + 1.50%) due 7/17/2031(2)(3) |
1,400,000 | 1,395,660 | ||||||
Dryden 61 CLO Ltd. |
||||||||
2018-61A A1R |
||||||||
1.124% (LIBOR 3 Month + 0.99%) due 1/17/2032(2)(3) |
900,000 | 899,774 | ||||||
Dryden Senior Loan Fund |
||||||||
2017-47A BR |
||||||||
1.596% (LIBOR 3 Month + 1.47%) due 4/15/2028(2)(3) |
1,010,000 | 1,009,493 | ||||||
First Investors Auto Owner Trust |
||||||||
2021-1A E |
||||||||
3.35% due 4/15/2027(2) |
600,000 | 605,437 | ||||||
Flagship Credit Auto Trust |
||||||||
2018-3 B |
||||||||
3.59% due 12/16/2024(2) |
61,123 | 61,182 | ||||||
2018-3 E |
||||||||
5.28% due 12/15/2025(2) |
725,000 | 766,502 | ||||||
2020-2 A |
||||||||
1.49% due 7/15/2024(2) |
61,750 | 62,003 | ||||||
2021-1 A |
||||||||
0.31% due 6/16/2025(2) |
638,587 | 638,482 | ||||||
2021-2 C |
||||||||
1.27% due 6/15/2027(2) |
1,875,000 | 1,875,751 | ||||||
Ford Credit Auto Lease Trust |
||||||||
2021-A A2 |
||||||||
0.19% due 7/15/2023 |
1,973,559 | 1,973,489 | ||||||
Ford Credit Auto Owner Trust |
||||||||
2020-B A2 |
||||||||
0.50% due 2/15/2023 |
214,810 | 214,845 | ||||||
Ford Credit Floorplan Master Owner Trust |
||||||||
2018-4 A |
||||||||
4.06% due 11/15/2030 |
742,000 | 841,160 | ||||||
GM Financial Revolving Receivables Trust |
||||||||
2021-1 C |
||||||||
1.67% due 6/12/2034(2) |
955,000 | 946,512 | ||||||
Hardees Funding LLC |
||||||||
2018-1A A23 |
||||||||
5.71% due 6/20/2048(2) |
241,292 | 272,916 | ||||||
Hertz Vehicle Financing III LP |
||||||||
2021-2A A |
||||||||
1.68% due 12/27/2027(2) |
1,165,000 | 1,165,735 | ||||||
HGI CRE CLO Ltd. |
||||||||
2021-FL1 C |
||||||||
1.785% (LIBOR 1 Month + 1.70%) due 6/16/2036(2)(3) |
550,000 | 549,788 | ||||||
2021-FL1 D |
||||||||
2.435% (LIBOR 1 Month + 2.35%) due 6/16/2036(2)(3) |
500,000 | 499,808 | ||||||
Honda Auto Receivables Owner Trust |
||||||||
2020-2 A2 |
||||||||
0.74% due 11/15/2022 |
72,555 | 72,583 | ||||||
Kayne CLO 10 Ltd. |
||||||||
2021-10A A |
||||||||
1.30% (LIBOR 3 Month + 1.17%) due 4/23/2034(2)(3) |
1,190,000 | 1,192,369 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Kayne CLO 5 Ltd. |
||||||||
2019-5A A |
||||||||
1.475% (LIBOR 3 Month + 1.35%) due 7/24/2032(2)(3) |
$ | 700,000 | $ | 700,683 | ||||
KKR CLO 18 Ltd. |
||||||||
18 B |
||||||||
1.834% (LIBOR 3 Month + 1.70%) due 7/18/2030(2)(3) |
526,000 | 530,469 | ||||||
Lending Funding Trust |
||||||||
2020-2A A |
||||||||
2.32% due 4/21/2031(2) |
936,000 | 953,925 | ||||||
Lendmark Funding Trust |
||||||||
2021-1A A |
||||||||
1.90% due 11/20/2031(2) |
750,000 | 744,772 | ||||||
Logan CLO I Ltd. |
||||||||
2021-1A A |
||||||||
1.313% (LIBOR 3 Month + 1.16%) due 7/20/2034(2)(3) |
530,000 | 530,165 | ||||||
Marble Point CLO XVII Ltd. |
||||||||
2020-1A A |
||||||||
1.434% (LIBOR 3 Month + 1.30%) due 4/20/2033(2)(3) |
613,030 | 613,412 | ||||||
Marlette Funding Trust |
||||||||
2020-2A D |
||||||||
4.65% due 9/16/2030(2) |
1,060,000 | 1,116,968 | ||||||
Master Credit Card Trust II |
||||||||
2018-1A A |
||||||||
0.574% (LIBOR 1 Month + 0.49%) due 7/21/2024(2)(3) |
100,000 | 100,515 | ||||||
ME Funding LLC |
||||||||
2019-1 A2 |
||||||||
6.448% due 7/30/2049(2) |
1,102,365 | 1,161,964 | ||||||
Mercedes-Benz Auto Lease Trust |
||||||||
2021-A A2 |
||||||||
0.18% due 3/15/2023 |
1,784,320 | 1,784,262 | ||||||
Mountain View CLO LLC |
||||||||
2017-1A AR |
||||||||
1.216% (LIBOR 3 Month + 1.09%) due 10/16/2029(2)(3) |
561,712 | 561,150 | ||||||
Navient Private Education Refi Loan Trust |
||||||||
2018-DA A2A |
||||||||
4.00% due 12/15/2059(2) |
275,718 | 293,730 | ||||||
Neuberger Berman Loan Advisers CLO 35 Ltd. |
||||||||
2019-35A A1 |
||||||||
1.474% (LIBOR 3 Month + 1.34%) due 1/19/2033(2)(3) |
1,000,000 | 1,000,667 | ||||||
Newark BSL CLO 1 Ltd. |
||||||||
2016-1A CR |
||||||||
3.129% (LIBOR 3 Month + 3.00%) due 12/21/2029(2)(3) |
360,000 | 354,564 | ||||||
NextGear Floorplan Master Owner Trust |
||||||||
2019-2A A1 |
||||||||
0.784% (LIBOR 1 Month + 0.70%) due 10/15/2024(2)(3) |
950,000 | 954,651 | ||||||
2020-1A A1 |
||||||||
0.884% (LIBOR 1 Month + 0.80%) due 2/15/2025(2)(3) |
2,450,000 | 2,470,876 | ||||||
Oaktree CLO Ltd. |
||||||||
2019-4A CR |
||||||||
2.38% (LIBOR 3 Month + 2.25%) due 10/20/2032(2)(3) |
570,000 | 570,000 | ||||||
OCP CLO Ltd. |
||||||||
2019-16A AR |
||||||||
1.119% (LIBOR 3 Month + 1.00%) due 4/10/2033(2)(3) |
790,000 | 789,802 | ||||||
Octagon Investment Partners 48 Ltd. |
||||||||
2020-3A A |
||||||||
1.634% (LIBOR 3 Month + 1.50%) due 10/20/2031(2)(3) |
650,000 | 649,981 | ||||||
OneMain Financial Issuance Trust |
||||||||
2019-2A A |
||||||||
3.14% due 10/14/2036(2) |
956,000 | 1,022,418 | ||||||
Palmer Square CLO Ltd. |
||||||||
2021-2A A |
||||||||
1.256% (LIBOR 3 Month + 1.15%) due 7/15/2034(2)(3) |
940,000 | 939,763 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Pennsylvania Higher Education Assistance Agency |
||||||||
2006-1 B |
||||||||
0.395% (LIBOR 3 Month + 0.27%) due 4/25/2038(3) |
$ | 24,845 | $ | 24,535 | ||||
Planet Fitness Master Issuer LLC |
||||||||
2019-1A A2 |
||||||||
3.858% due 12/5/2049(2) |
261,345 | 270,569 | ||||||
Race Point IX CLO Ltd. |
||||||||
2015-9A CR |
||||||||
3.326% (LIBOR 3 Month + 3.20%) due 10/15/2030(2)(3) |
250,000 | 237,550 | ||||||
Santander Drive Auto Receivables Trust |
||||||||
2018-1 D |
||||||||
3.32% due 3/15/2024 |
21,556 | 21,735 | ||||||
2020-2 D |
||||||||
2.22% due 9/15/2026 |
816,000 | 831,810 | ||||||
2021-1 A2 |
||||||||
0.29% due 11/15/2023 |
962,706 | 962,673 | ||||||
2021-1 C |
||||||||
0.75% due 2/17/2026 |
1,850,000 | 1,856,752 | ||||||
SCF Equipment Leasing LLC |
||||||||
2019-2A B |
||||||||
2.76% due 8/20/2026(2) |
797,000 | 829,966 | ||||||
2021-1A C |
||||||||
1.54% due 10/21/2030(2) |
1,000,000 | 977,791 | ||||||
2021-1A D |
||||||||
1.93% due 9/20/2030(2) |
750,000 | 744,120 | ||||||
SLC Student Loan Trust |
||||||||
2008-1 A4A |
||||||||
1.716% (LIBOR 3 Month + 1.60%) due 12/15/2032(3) |
118,169 | 121,476 | ||||||
Sunrun Demeter Issuer |
||||||||
2021-2A A |
||||||||
2.27% due 1/30/2057(2) |
500,000 | 499,644 | ||||||
TCW CLO Ltd. |
||||||||
2017-1A DR |
||||||||
3.28% (LIBOR 3 Month + 3.15%) due 7/29/2029(2)(3) |
300,000 | 296,910 | ||||||
Towd Point Asset Trust |
||||||||
2018-SL1 A |
||||||||
0.686% (LIBOR 1 Month + 0.60%) due 1/25/2046(2)(3) |
257,447 | 257,138 | ||||||
Toyota Auto Receivables Owner Trust |
||||||||
2021-A A2 |
||||||||
0.16% due 7/17/2023 |
2,572,768 | 2,572,386 | ||||||
Westgate Resorts LLC |
||||||||
2018-1A A |
||||||||
3.38% due 12/20/2031(2) |
88,844 | 88,844 | ||||||
Westlake Automobile Receivables Trust |
||||||||
2020-2A A2A |
||||||||
0.93% due 2/15/2024 (2) |
690,094 | 691,421 | ||||||
2020-3A E |
||||||||
3.34% due 6/15/2026(2) |
750,000 | 767,463 | ||||||
World Omni Auto Receivables Trust |
||||||||
2021-A A2 |
||||||||
0.17% due 2/15/2024 |
1,918,452 | 1,917,987 | ||||||
|
|
|||||||
Total AssetBacked Securities |
|
64,877,914 | ||||||
|
|
|||||||
Corporate Bonds & Notes 34.9% |
||||||||
Aerospace & Defense 0.5% |
||||||||
The Boeing Co. |
||||||||
4.875% due 5/1/2025 |
296,000 | 329,546 | ||||||
5.04% due 5/1/2027 |
1,049,000 | 1,205,700 | ||||||
TransDigm, Inc. |
||||||||
6.375% due 6/15/2026 |
334,000 | 344,995 | ||||||
|
|
|||||||
1,880,241 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Agriculture 0.1% |
| |||||||
MHP Lux S.A. |
||||||||
6.25% due 9/19/2029(2) |
$ | 475,000 | $ | 485,455 | ||||
|
|
|||||||
485,455 | ||||||||
|
|
|||||||
Airlines 0.9% |
||||||||
Air Canada |
||||||||
3.875% due 8/15/2026(2) |
129,000 | 130,277 | ||||||
American Airlines, Inc. |
||||||||
11.75% due 7/15/2025(2) |
469,000 | 580,177 | ||||||
British Airways Pass-Through Trust |
||||||||
2020-1 A |
||||||||
4.25% due 11/15/2032(2) |
394,986 | 425,285 | ||||||
Delta Air Lines, Inc. |
||||||||
7.00% due 5/1/2025(2) |
717,000 | 837,470 | ||||||
Delta Air Lines, Inc. / SkyMiles IP Ltd. |
||||||||
4.50% due 10/20/2025(2) |
296,000 | 316,918 | ||||||
4.75% due 10/20/2028(2) |
300,000 | 334,647 | ||||||
Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd. |
||||||||
8.00% due 9/20/2025(2) |
286,200 | 322,267 | ||||||
|
|
|||||||
2,947,041 | ||||||||
|
|
|||||||
Apparel 0.2% |
||||||||
Levi Strauss & Co. |
||||||||
3.50% due 3/1/2031(2) |
715,000 | 722,279 | ||||||
|
|
|||||||
722,279 | ||||||||
|
|
|||||||
Auto Manufacturers 1.2% |
||||||||
Ford Motor Co. |
||||||||
7.45% due 7/16/2031 |
1,005,000 | 1,310,861 | ||||||
General Motors Financial Co., Inc. |
||||||||
3.60% due 6/21/2030 |
2,128,000 | 2,279,620 | ||||||
Stellantis Finance U.S., Inc. |
||||||||
2.691% due 9/15/2031(2) |
428,000 | 424,191 | ||||||
|
|
|||||||
4,014,672 | ||||||||
|
|
|||||||
Building Materials 0.3% |
||||||||
Cemex S.A.B. de C.V. |
||||||||
5.45% due 11/19/2029(2) |
530,000 | 574,080 | ||||||
Griffon Corp. |
||||||||
5.75% due 3/1/2028 |
344,000 | 363,295 | ||||||
|
|
|||||||
937,375 | ||||||||
|
|
|||||||
Chemicals 0.4% |
||||||||
Braskem Netherlands Finance B.V. |
||||||||
4.50% due 1/31/2030(2) |
836,000 | 889,287 | ||||||
CVR Partners LP / CVR Nitrogen Finance Corp. |
||||||||
6.125% due 6/15/2028(2) |
336,000 | 352,400 | ||||||
Phosagro OAO Via Phosagro Bond Funding DAC |
||||||||
2.60% due 9/16/2028(2) |
290,000 | 289,576 | ||||||
|
|
|||||||
1,531,263 | ||||||||
|
|
|||||||
Coal 0.2% |
||||||||
SunCoke Energy, Inc. |
||||||||
4.875% due 6/30/2029(2) |
356,000 | 354,590 | ||||||
Warrior Met Coal, Inc. |
||||||||
8.00% due 11/1/2024(2) |
336,000 | 342,045 | ||||||
|
|
|||||||
696,635 | ||||||||
|
|
|||||||
Commercial Banks 6.6% |
||||||||
Banco Nacional De Comercio Exterior S.N.C. |
||||||||
2.72% (2.720% fixed rate until 8/11/2026; H15T5Y + 2.00% thereafter) due 8/11/2031(2)(3) |
353,000 | 354,581 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Commercial Banks (continued) |
| |||||||
Bank of America Corp. |
||||||||
2.087% (2.087% fixed rate until 6/14/2028; SOFR + 1.06% thereafter) due 6/14/2029(3) |
$ | 821,000 | $ | 820,294 | ||||
2.687% (2.687% fixed rate until 4/22/2031; SOFR + 1.32% thereafter) due 4/22/2032(3) |
642,000 | 655,373 | ||||||
3.593% (3.593% fixed rate until 7/21/2027; LIBOR 3 Month + 1.37% thereafter) due 7/21/2028(3) |
1,125,000 | 1,233,169 | ||||||
BankUnited, Inc. |
||||||||
5.125% due 6/11/2030 |
613,000 | 707,966 | ||||||
Citigroup, Inc. |
||||||||
3.887% (3.887% fixed rate until 1/10/2027; LIBOR 3 Month + 1.56% thereafter) due 1/10/2028(3) |
712,000 | 787,009 | ||||||
3.98% (3.980% fixed rate until 3/20/2029; LIBOR 3 Month + 1.34% thereafter) due 3/20/2030(3) |
2,072,000 | 2,329,405 | ||||||
Danske Bank A/S |
||||||||
4.375% due 6/12/2028(2) |
200,000 | 223,038 | ||||||
JPMorgan Chase & Co. |
||||||||
3.54% (3.540% fixed rate until 5/1/2027; LIBOR 3 Month + 1.38% thereafter) due 5/1/2028(3) |
1,002,000 | 1,095,236 | ||||||
3.782% (3.782% fixed rate until 2/1/2027; LIBOR 3 Month + 1.34% thereafter) due 2/1/2028(3) |
604,000 | 666,007 | ||||||
Macquarie Bank Ltd. |
||||||||
3.624% due 6/3/2030(2) |
203,000 | 213,189 | ||||||
Macquarie Group Ltd. |
||||||||
2.691% (2.691% fixed rate until 6/23/2031; SOFR + 1.44% thereafter) due 6/23/2032(2)(3) |
968,000 | 966,025 | ||||||
4.654% (4.654% fixed rate until 3/27/2028; LIBOR 3 Month + 1.73% thereafter) |
963,000 | 1,099,929 | ||||||
Morgan Stanley |
||||||||
2.239% (2.239% fixed rate until 7/21/2031; SOFR + 1.18% thereafter) due 7/21/2032(3) |
735,000 | 722,498 | ||||||
2.484% (2.484% fixed rate until 9/16/2031; SOFR + 1.36% thereafter) due 9/16/2036(3) |
542,000 | 530,146 | ||||||
3.625% due 1/20/2027 |
502,000 | 553,299 | ||||||
4.431% (4.431% fixed rate until 1/23/2029; LIBOR 3 Month + 1.63% thereafter) due 1/23/2030(3) |
1,260,000 | 1,453,788 | ||||||
National Australia Bank Ltd. |
||||||||
2.99% due 5/21/2031(2) |
550,000 | 556,930 | ||||||
Santander Holdings USA, Inc. |
||||||||
4.40% due 7/13/2027 |
335,000 | 376,259 | ||||||
The Goldman Sachs Group, Inc. |
||||||||
2.383% (2.383% fixed rate until 7/21/2031; SOFR + 1.25% thereafter) due 7/21/2032(3) |
1,373,000 | 1,360,080 | ||||||
UBS AG |
||||||||
5.125% due 5/15/2024 |
872,000 | 954,055 | ||||||
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 | 2,158,699 | ||||||
3.584% (3.584% fixed rate until 5/22/2027; LIBOR 3 Month + 1.31% thereafter) |
976,000 | 1,070,272 | ||||||
Westpac Banking Corp. |
||||||||
2.894% (2.894% fixed rate until 2/4/2025; H15T5Y + 1.35% thereafter) due 2/4/2030(3) |
555,000 | 574,686 | ||||||
4.322% (4.322% fixed rate until 11/23/2026; 5 Year USD ICE Swap + 2.24% thereafter) due 11/23/2031(3) |
1,300,000 | 1,434,199 | ||||||
|
|
|||||||
22,896,132 | ||||||||
|
|
|||||||
Commercial Services 0.5% |
||||||||
CoStar Group, Inc. |
||||||||
2.80% due 7/15/2030(2) |
194,000 | 196,918 | ||||||
Garda World Security Corp. |
||||||||
9.50% due 11/1/2027(2) |
304,000 | 328,429 | ||||||
Rent-A-Center, Inc. |
||||||||
6.375% due 2/15/2029(2) |
703,000 | 758,361 | ||||||
United Rentals North America, Inc. |
||||||||
4.00% due 7/15/2030 |
160,000 | 166,291 | ||||||
4.875% due 1/15/2028 |
322,000 | 340,628 | ||||||
|
|
|||||||
1,790,627 | ||||||||
|
|
|||||||
Computers 0.3% |
||||||||
Dell International LLC / EMC Corp. |
||||||||
5.45% due 6/15/2023 |
139,000 | 149,187 | ||||||
8.35% due 7/15/2046 |
623,000 | 1,017,347 | ||||||
|
|
|||||||
1,166,534 | ||||||||
|
|
|||||||
Diversified Financial Services 2.9% |
||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
||||||||
3.50% due 1/15/2025 |
872,000 | 918,007 | ||||||
3.875% due 1/23/2028 |
567,000 | 607,189 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Diversified Financial Services (continued) |
| |||||||
Aircastle Ltd. |
||||||||
2.85% due 1/26/2028(2) |
$ | 131,000 | $ | 132,791 | ||||
Ally Financial, Inc. |
||||||||
4.70% (4.700% fixed rate until 5/15/2026; H15T5Y + 3.87% thereafter) due 5/15/2026(3) |
364,000 | 380,536 | ||||||
8.00% due 11/1/2031 |
732,000 | 1,055,559 | ||||||
Aviation Capital Group LLC |
||||||||
1.95% due 1/30/2026(2) |
408,000 | 406,727 | ||||||
5.50% due 12/15/2024(2) |
982,000 | 1,100,557 | ||||||
Avolon Holdings Funding Ltd. |
||||||||
2.125% due 2/21/2026(2) |
1,255,000 | 1,243,254 | ||||||
4.25% due 4/15/2026(2) |
643,000 | 692,537 | ||||||
Brightsphere Investment Group, Inc. |
||||||||
4.80% due 7/27/2026 |
332,000 | 359,616 | ||||||
Global Aircraft Leasing Co. Ltd. |
||||||||
6.50% due 9/15/2024, Toggle PIK (6.50% Cash or 7.25% PIK)(2)(4) |
502,153 | 495,404 | ||||||
International Lease Finance Corp. |
||||||||
5.875% due 8/15/2022 |
112,000 | 117,183 | ||||||
Nationstar Mortgage Holdings, Inc. |
||||||||
5.50% due 8/15/2028(2) |
370,000 | 381,026 | ||||||
Navient Corp. |
||||||||
5.00% due 3/15/2027 |
712,000 | 733,018 | ||||||
Neuberger Berman Group LLC / Neuberger Berman Finance Corp. |
||||||||
4.50% due 3/15/2027(2) |
380,000 | 431,862 | ||||||
4.875% due 4/15/2045(2) |
198,000 | 229,197 | ||||||
OneMain Finance Corp. |
||||||||
5.375% due 11/15/2029 |
466,000 | 505,349 | ||||||
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc. |
||||||||
3.625% due 3/1/2029(2) |
343,000 | 346,835 | ||||||
|
|
|||||||
10,136,647 | ||||||||
|
|
|||||||
Electric 2.7% |
||||||||
Alfa Desarrollo S.p.A. |
||||||||
4.55% due 9/27/2051(2) |
495,000 | 482,962 | ||||||
Ausgrid Finance Pty. Ltd. |
||||||||
4.35% due 8/1/2028(2) |
580,000 | 652,106 | ||||||
Calpine Corp. |
||||||||
5.125% due 3/15/2028(2) |
302,000 | 305,860 | ||||||
Cikarang Listrindo Tbk PT |
||||||||
4.95% due 9/14/2026(2) |
525,000 | 536,812 | ||||||
Emera U.S. Finance LP |
||||||||
3.55% due 6/15/2026 |
2,117,000 | 2,289,768 | ||||||
FirstEnergy Corp. |
||||||||
2.65% due 3/1/2030 |
482,000 | 479,624 | ||||||
4.40% due 7/15/2027 |
657,000 | 719,684 | ||||||
Minejesa Capital B.V. |
||||||||
4.625% due 8/10/2030(2) |
730,000 | 755,302 | ||||||
NRG Energy, Inc. |
||||||||
4.45% due 6/15/2029(2) |
280,000 | 309,190 | ||||||
5.75% due 1/15/2028 |
336,000 | 357,551 | ||||||
Pennsylvania Electric Co. |
||||||||
3.60% due 6/1/2029(2) |
370,000 | 395,752 | ||||||
PSEG Power LLC |
||||||||
8.625% due 4/15/2031 |
393,000 | 622,437 | ||||||
The AES Corp. |
||||||||
3.95% due 7/15/2030(2) |
578,000 | 636,858 | ||||||
Vistra Operations Co. LLC |
||||||||
3.55% due 7/15/2024(2) |
841,000 | 883,008 | ||||||
|
|
|||||||
9,426,914 | ||||||||
|
|
|||||||
Entertainment 0.3% |
||||||||
Live Nation Entertainment, Inc. |
||||||||
4.75% due 10/15/2027(2) |
629,000 | 639,920 | ||||||
Scientific Games International, Inc. |
||||||||
7.25% due 11/15/2029(2) |
486,000 | 546,706 | ||||||
|
|
|||||||
1,186,626 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Environmental Control 0.2% |
| |||||||
Madison IAQ LLC |
||||||||
4.125% due 6/30/2028(2) |
$ | 353,000 | $ | 352,859 | ||||
Stericycle, Inc. |
||||||||
3.875% due 1/15/2029(2) |
276,000 | 277,603 | ||||||
|
|
|||||||
630,462 | ||||||||
|
|
|||||||
Food 0.4% |
||||||||
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC |
||||||||
4.875% due 2/15/2030(2) |
308,000 | 332,619 | ||||||
JBS USA LUX S.A. / JBS USA Food Co. / JBS USA Finance, Inc. |
||||||||
6.50% due 4/15/2029(2) |
291,000 | 324,680 | ||||||
Kraft Heinz Foods Co. |
||||||||
4.375% due 6/1/2046 |
336,000 | 383,373 | ||||||
Minerva Luxembourg S.A. |
||||||||
5.875% due 1/19/2028(2) |
288,000 | 308,134 | ||||||
|
|
|||||||
1,348,806 | ||||||||
|
|
|||||||
Forest Products & Paper 0.1% |
||||||||
Suzano Austria GmbH |
||||||||
3.75% due 1/15/2031 |
428,000 | 440,613 | ||||||
|
|
|||||||
440,613 | ||||||||
|
|
|||||||
Gas 0.2% |
||||||||
National Fuel Gas Co. |
||||||||
5.50% due 1/15/2026 |
554,000 | 638,485 | ||||||
|
|
|||||||
638,485 | ||||||||
|
|
|||||||
Healthcare-Services 1.3% |
||||||||
Centene Corp. |
||||||||
2.45% due 7/15/2028 |
286,000 | 287,381 | ||||||
2.625% due 8/1/2031 |
377,000 | 374,670 | ||||||
3.375% due 2/15/2030 |
302,000 | 312,582 | ||||||
CHS / Community Health Systems, Inc. |
||||||||
4.75% due 2/15/2031(2) |
349,000 | 351,185 | ||||||
DaVita, Inc. |
||||||||
3.75% due 2/15/2031(2) |
333,000 | 324,272 | ||||||
HCA, Inc. |
||||||||
4.125% due 6/15/2029 |
838,000 | 936,155 | ||||||
4.50% due 2/15/2027 |
428,000 | 481,817 | ||||||
5.25% due 6/15/2026 |
473,000 | 542,834 | ||||||
RP Escrow Issuer LLC |
||||||||
5.25% due 12/15/2025(2) |
515,000 | 529,348 | ||||||
Tenet Healthcare Corp. |
||||||||
6.25% due 2/1/2027(2) |
353,000 | 366,897 | ||||||
|
|
|||||||
4,507,141 | ||||||||
|
|
|||||||
Home Builders 0.7% |
||||||||
Century Communities, Inc. |
||||||||
6.75% due 6/1/2027 |
319,000 | 340,121 | ||||||
NVR, Inc. |
||||||||
3.00% due 5/15/2030 |
904,000 | 944,608 | ||||||
Toll Brothers Finance Corp. |
||||||||
3.80% due 11/1/2029 |
331,000 | 355,404 | ||||||
4.35% due 2/15/2028 |
363,000 | 398,723 | ||||||
Tri Pointe Homes, Inc. |
||||||||
5.25% due 6/1/2027 |
377,000 | 409,916 | ||||||
|
|
|||||||
2,448,772 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Household Products & Wares 0.0% |
| |||||||
Kimberly-Clark de Mexico S.A.B. de C.V. |
||||||||
3.80% due 4/8/2024(2) |
$ | 100,000 | $ | 106,141 | ||||
|
|
|||||||
106,141 | ||||||||
|
|
|||||||
Housewares 0.1% |
||||||||
Newell Brands, Inc. |
||||||||
5.875% due 4/1/2036 |
291,000 | 360,636 | ||||||
|
|
|||||||
360,636 | ||||||||
|
|
|||||||
Insurance 0.2% |
||||||||
Assurant, Inc. |
||||||||
2.65% due 1/15/2032 |
379,000 | 375,824 | ||||||
First American Financial Corp. |
||||||||
2.40% due 8/15/2031 |
474,000 | 462,084 | ||||||
|
|
|||||||
837,908 | ||||||||
|
|
|||||||
Internet 0.9% |
||||||||
Baidu, Inc. |
||||||||
3.075% due 4/7/2025 |
489,000 | 513,064 | ||||||
Match Group Holdings II LLC |
||||||||
5.00% due 12/15/2027(2) |
151,000 | 158,026 | ||||||
5.625% due 2/15/2029(2) |
160,000 | 172,454 | ||||||
Meituan |
||||||||
3.05% due 10/28/2030(2) |
755,000 | 701,380 | ||||||
Netflix, Inc. |
||||||||
6.375% due 5/15/2029 |
662,000 | 837,417 | ||||||
Uber Technologies, Inc. |
||||||||
4.50% due 8/15/2029(2) |
356,000 | 358,421 | ||||||
8.00% due 11/1/2026(2) |
315,000 | 335,481 | ||||||
|
|
|||||||
3,076,243 | ||||||||
|
|
|||||||
Investment Companies 0.2% |
||||||||
Owl Rock Capital Corp. |
||||||||
2.875% due 6/11/2028 |
415,000 | 413,925 | ||||||
Temasek Financial I Ltd. |
||||||||
2.50% due 10/6/2070(2) |
250,000 | 231,078 | ||||||
|
|
|||||||
645,003 | ||||||||
|
|
|||||||
Iron & Steel 0.1% |
||||||||
GUSAP III LP |
||||||||
4.25% due 1/21/2030(2) |
340,000 | 364,140 | ||||||
|
|
|||||||
364,140 | ||||||||
|
|
|||||||
Leisure Time 0.3% |
||||||||
Carnival Corp. |
||||||||
7.625% due 3/1/2026(2) |
375,000 | 400,211 | ||||||
11.50% due 4/1/2023(2) |
427,000 | 476,720 | ||||||
Royal Caribbean Cruises Ltd. |
||||||||
11.50% due 6/1/2025(2) |
256,000 | 292,278 | ||||||
|
|
|||||||
1,169,209 | ||||||||
|
|
|||||||
Lodging 0.3% |
||||||||
Boyd Gaming Corp. |
||||||||
4.75% due 6/15/2031(2) |
297,000 | 306,332 | ||||||
MGM Resorts International |
||||||||
5.50% due 4/15/2027 |
496,000 | 539,494 | ||||||
|
|
|||||||
845,826 | ||||||||
|
|
|||||||
Machinery-Diversified 0.5% |
||||||||
nVent Finance Sarl |
||||||||
4.55% due 4/15/2028 |
1,112,000 | 1,221,132 | ||||||
TK Elevator US Newco, Inc. |
||||||||
5.25% due 7/15/2027(2) |
556,000 | 584,100 | ||||||
|
|
|||||||
1,805,232 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Media 0.9% |
| |||||||
CCO Holdings LLC / CCO Holdings Capital Corp. |
||||||||
4.75% due 3/1/2030(2) |
$ | 295,000 | $ | 308,378 | ||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.25% due 1/15/2029 |
1,130,000 | 1,129,390 | ||||||
DISH DBS Corp. |
||||||||
7.75% due 7/1/2026 |
306,000 | 345,759 | ||||||
Globo Comunicacao e Participacoes S.A. |
||||||||
4.875% due 1/22/2030(2) |
520,000 | 521,752 | ||||||
Time Warner Cable LLC |
||||||||
7.30% due 7/1/2038 |
274,000 | 393,121 | ||||||
Time Warner Entertainment Co. LP |
||||||||
8.375% due 7/15/2033 |
282,000 | 416,359 | ||||||
|
|
|||||||
3,114,759 | ||||||||
|
|
|||||||
Mining 1.4% |
||||||||
Anglo American Capital PLC |
||||||||
4.00% due 9/11/2027(2) |
600,000 | 660,834 | ||||||
Antofagasta PLC |
||||||||
2.375% due 10/14/2030(2) |
400,000 | 386,336 | ||||||
FMG Resources August 2006 Pty. Ltd. |
||||||||
4.375% due 4/1/2031(2) |
737,000 | 761,970 | ||||||
Freeport-McMoRan, Inc. |
||||||||
4.125% due 3/1/2028 |
341,000 | 352,955 | ||||||
5.45% due 3/15/2043 |
278,000 | 342,087 | ||||||
Glencore Funding LLC |
||||||||
2.85% due 4/27/2031(2) |
555,000 | 557,148 | ||||||
4.875% due 3/12/2029(2) |
1,547,000 | 1,782,422 | ||||||
Yamana Gold, Inc. |
||||||||
2.63% due 8/15/2031(2) |
196,000 | 191,016 | ||||||
|
|
|||||||
5,034,768 | ||||||||
|
|
|||||||
Miscellaneous Manufacturing 0.4% |
||||||||
General Electric Co. |
||||||||
3.446% (3.446% fixed rate until 12/15/2021; LIBOR 3 Month + 3.33% thereafter) |
1,359,000 | 1,328,925 | ||||||
|
|
|||||||
1,328,925 | ||||||||
|
|
|||||||
Oil & Gas 4.0% |
||||||||
Apache Corp. |
||||||||
4.375% due 10/15/2028 |
548,000 | 592,098 | ||||||
California Resources Corp. |
||||||||
7.125% due 2/1/2026(2) |
358,000 | 377,951 | ||||||
Cenovus Energy, Inc. |
||||||||
3.75% due 2/15/2052 |
194,000 | 189,189 | ||||||
Comstock Resources, Inc. |
||||||||
6.75% due 3/1/2029(2) |
331,000 | 357,705 | ||||||
Continental Resources, Inc. |
||||||||
5.75% due 1/15/2031(2) |
642,000 | 775,940 | ||||||
Diamondback Energy, Inc. |
||||||||
3.50% due 12/1/2029 |
1,271,000 | 1,359,690 | ||||||
4.75% due 5/31/2025 |
296,000 | 330,327 | ||||||
Equinor ASA |
||||||||
7.15% due 11/15/2025 |
700,000 | 859,537 | ||||||
Helmerich & Payne, Inc. |
||||||||
2.90% due 9/29/2031(2) |
646,000 | 647,867 | ||||||
Hilcorp Energy I LP / Hilcorp Finance Co. |
||||||||
5.75% due 2/1/2029(2) |
913,000 | 940,874 | ||||||
Laredo Petroleum, Inc. |
||||||||
9.50% due 1/15/2025 |
504,000 | 526,438 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Oil & Gas (continued) |
| |||||||
MEG Energy Corp. |
||||||||
5.875% due 2/1/2029(2) |
$ | 355,000 | $ | 363,076 | ||||
7.125% due 2/1/2027(2) |
609,000 | 639,620 | ||||||
Murphy Oil Corp. |
||||||||
5.875% due 12/1/2027 |
342,000 | 356,231 | ||||||
Occidental Petroleum Corp. |
||||||||
6.125% due 1/1/2031 |
496,000 | 594,342 | ||||||
Ovintiv, Inc. |
||||||||
6.50% due 2/1/2038 |
289,000 | 396,317 | ||||||
Petroleos Mexicanos |
||||||||
4.50% due 1/23/2026 |
490,000 | 493,185 | ||||||
5.35% due 2/12/2028 |
1,217,000 | 1,199,852 | ||||||
Qatar Petroleum |
||||||||
3.125% due 7/12/2041(2) |
515,000 | 515,443 | ||||||
Range Resources Corp. |
||||||||
8.25% due 1/15/2029(2) |
331,000 | 372,372 | ||||||
SA Global Sukuk Ltd. |
||||||||
2.694% due 6/17/2031(2) |
730,000 | 737,826 | ||||||
SM Energy Co. |
||||||||
5.625% due 6/1/2025 |
340,000 | 341,962 | ||||||
6.75% due 9/15/2026 |
201,000 | 205,217 | ||||||
Southwestern Energy Co. |
||||||||
7.75% due 10/1/2027 |
326,000 | 352,142 | ||||||
Tengizchevroil Finance Co. International Ltd. |
||||||||
3.25% due 8/15/2030(2) |
235,000 | 238,180 | ||||||
Viper Energy Partners LP |
||||||||
5.375% due 11/1/2027(2) |
161,000 | 168,140 | ||||||
|
|
|||||||
13,931,521 | ||||||||
|
|
|||||||
Packaging & Containers 0.1% |
||||||||
Ball Corp. |
||||||||
2.875% due 8/15/2030 |
475,000 | 461,491 | ||||||
|
|
|||||||
461,491 | ||||||||
|
|
|||||||
Pharmaceuticals 0.5% |
||||||||
Bausch Health Cos., Inc. |
||||||||
5.25% due 1/30/2030(2) |
891,000 | 830,652 | ||||||
Bayer Corp. |
||||||||
6.65% due 2/15/2028(2) |
343,000 | 424,610 | ||||||
Bayer U.S. Finance II LLC |
||||||||
3.875% due 12/15/2023(2) |
478,000 | 508,463 | ||||||
|
|
|||||||
1,763,725 | ||||||||
|
|
|||||||
Pipelines 1.4% |
||||||||
Buckeye Partners LP |
||||||||
6.375% (6.375% fixed rate until 1/22/2023; LIBOR 3 Month + 4.02% thereafter) due 1/22/2078(3) |
438,000 | 399,798 | ||||||
Cheniere Corpus Christi Holdings LLC |
||||||||
3.70% due 11/15/2029 |
505,000 | 549,193 | ||||||
Eastern Gas Transmission & Storage, Inc. |
||||||||
3.00% due 11/15/2029(2) |
428,000 | 450,080 | ||||||
Galaxy Pipeline Assets Bidco Ltd. |
||||||||
3.25% due 9/30/2040(2) |
717,000 | 723,912 | ||||||
NGPL PipeCo LLC |
||||||||
3.25% due 7/15/2031(2) |
690,000 | 708,733 | ||||||
Sabine Pass Liquefaction LLC |
||||||||
5.875% due 6/30/2026 |
997,000 | 1,172,452 | ||||||
Western Midstream Operating LP |
||||||||
5.30% due 2/1/2030 |
746,000 | 824,114 | ||||||
|
|
|||||||
4,828,282 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Real Estate Investment Trusts 0.8% |
||||||||
American Homes 4 Rent LP |
||||||||
2.375% due 7/15/2031 |
$ | 451,000 | $ | 446,914 | ||||
Blackstone Mortgage Trust, Inc. |
||||||||
3.75% due 1/15/2027(2) |
495,000 | 490,525 | ||||||
EPR Properties |
||||||||
4.95% due 4/15/2028 |
695,000 | 767,871 | ||||||
Invitation Homes Operating Partnership LP |
||||||||
2.00% due 8/15/2031 |
906,000 | 870,693 | ||||||
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer |
||||||||
5.875% due 10/1/2028(2) |
336,000 | 355,559 | ||||||
|
|
|||||||
2,931,562 | ||||||||
|
|
|||||||
Retail 0.7% |
||||||||
Bath & Body Works, Inc. |
||||||||
6.625% due 10/1/2030(2) |
299,000 | 339,506 | ||||||
6.875% due 11/1/2035 |
274,000 | 343,911 | ||||||
Kohls Corp. |
||||||||
5.55% due 7/17/2045 |
613,000 | 729,709 | ||||||
PetSmart, Inc. / PetSmart Finance Corp. |
||||||||
4.75% due 2/15/2028(2) |
897,000 | 926,592 | ||||||
|
|
|||||||
2,339,718 | ||||||||
|
|
|||||||
Semiconductors 0.4% |
||||||||
SK Hynix, Inc. |
||||||||
2.375% due 1/19/2031(2) |
750,000 | 729,127 | ||||||
Skyworks Solutions, Inc. |
||||||||
3.00% due 6/1/2031 |
739,000 | 756,256 | ||||||
|
|
|||||||
1,485,383 | ||||||||
|
|
|||||||
Software 1.0% |
||||||||
Oracle Corp. |
||||||||
2.875% due 3/25/2031 |
599,000 | 617,281 | ||||||
2.95% due 4/1/2030 |
1,305,000 | 1,365,056 | ||||||
PTC, Inc. |
||||||||
4.00% due 2/15/2028(2) |
304,000 | 311,986 | ||||||
VMware, Inc. |
||||||||
4.70% due 5/15/2030 |
974,000 | 1,147,947 | ||||||
|
|
|||||||
3,442,270 | ||||||||
|
|
|||||||
Telecommunications 0.6% |
||||||||
CommScope, Inc. |
||||||||
7.125% due 7/1/2028(2) |
324,000 | 330,752 | ||||||
Frontier Communications Holdings LLC |
||||||||
5.00% due 5/1/2028(2) |
392,000 | 411,573 | ||||||
LogMeIn, Inc. |
||||||||
5.50% due 9/1/2027(2) |
666,000 | 676,336 | ||||||
Sprint Capital Corp. |
||||||||
6.875% due 11/15/2028 |
257,000 | 328,248 | ||||||
Zayo Group Holdings, Inc. |
||||||||
4.00% due 3/1/2027(2) |
314,000 | 312,659 | ||||||
|
|
|||||||
2,059,568 | ||||||||
|
|
|||||||
Transportation 0.1% |
||||||||
Watco Cos. LLC / Watco Finance Corp. |
||||||||
6.50% due 6/15/2027(2) |
331,000 | 354,273 | ||||||
|
|
|||||||
354,273 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
122,119,303 | |||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Municipals 0.5% |
||||||||
County of Miami-Dade Florida |
||||||||
2.786% due 10/1/2037 |
$ | 105,000 | $ | 106,017 | ||||
Foothill-Eastern Transportation Corridor Agency |
||||||||
4.094% due 1/15/2049 |
354,000 | 375,268 | ||||||
New Jersey Transportation Trust Fund Authority |
||||||||
4.081% due 6/15/2039 |
85,000 | 96,341 | ||||||
4.131% due 6/15/2042 |
605,000 | 689,246 | ||||||
New York City Transitional Finance Authority |
||||||||
B-3 |
||||||||
1.95% due 8/1/2034 |
330,000 | 315,962 | ||||||
Regents of the University of California Medical Center Pooled Revenue |
||||||||
3.006% due 5/15/2050 |
205,000 | 206,788 | ||||||
|
|
|||||||
Total Municipals |
1,789,622 | |||||||
|
|
|||||||
NonAgency MortgageBacked Securities 10.6% |
||||||||
Angel Oak Mortgage Trust |
||||||||
2020-1 A1 |
||||||||
2.466% due 12/25/2059(2)(3)(5) |
88,044 | 89,169 | ||||||
Atrium Hotel Portfolio Trust |
||||||||
2018-ATRM A |
||||||||
1.034% due 6/15/2035(2)(3)(5) |
540,000 | 540,261 | ||||||
BAMLL Commercial Mortgage Securities Trust |
||||||||
2013-WBRK A |
||||||||
3.652% due 3/10/2037(2)(3)(5) |
3,900,000 | 4,131,524 | ||||||
BBCMS Mortgage Trust |
||||||||
2019-BWAY A |
||||||||
1.04% due 11/15/2034(2)(3)(5) |
365,000 | 362,252 | ||||||
2019-BWAY B |
||||||||
1.394% due 11/15/2034(2)(3)(5) |
160,000 | 158,415 | ||||||
Benchmark Mortgage Trust |
||||||||
2018-B5 C |
||||||||
4.763% due 7/15/2051(3)(5) |
830,000 | 938,058 | ||||||
BFLD Trust |
||||||||
2019-DPLO E |
||||||||
2.324% due 10/15/2034(2)(3)(5) |
1,000,000 | 993,253 | ||||||
2019-DPLO F |
||||||||
2.624% due 10/15/2034(2)(3)(5) |
410,000 | 402,930 | ||||||
BHMS |
||||||||
2018-ATLS A |
||||||||
1.334% due 7/15/2035(2)(3)(5) |
560,000 | 560,629 | ||||||
2018-ATLS C |
||||||||
1.984% due 7/15/2035(2)(3)(5) |
320,000 | 319,927 | ||||||
2018-ATLS D |
||||||||
2.334% due 7/15/2035(2)(3)(5) |
1,110,000 | 1,106,693 | ||||||
BX Commercial Mortgage Trust |
||||||||
2021-VOLT A |
||||||||
0.80% due 9/15/2036(2)(3)(5) |
710,000 | 710,475 | ||||||
BX Trust |
||||||||
2018-GW A |
||||||||
0.884% due 5/15/2035(2)(3)(5) |
987,000 | 987,134 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2016-GC36 D |
||||||||
2.85% due 2/10/2049(2) |
1,685,000 | 1,286,811 | ||||||
Commercial Mortgage Trust |
||||||||
2015-PC1 AM |
||||||||
4.29% due 7/10/2050(3)(5) |
310,000 | 339,708 | ||||||
2015-PC1 B |
||||||||
4.463% due 7/10/2050(3)(5) |
100,000 | 107,559 | ||||||
2015-PC1 C |
||||||||
4.463% due 7/10/2050(3)(5) |
375,000 | 394,358 | ||||||
2015-PC1 D |
||||||||
4.463% due 7/10/2050(3)(5) |
33,000 | 30,905 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
NonAgency MortgageBacked Securities (continued) |
| |||||||
Credit Suisse Mortgage Capital Certificates |
||||||||
2020-SPT1 A1 |
||||||||
1.616% due 4/25/2065(2)(3)(5) |
$ | 335,684 | $ | 337,285 | ||||
Credit Suisse Mortgage Trust |
||||||||
2020-AFC1 A1 |
||||||||
2.24% due 2/25/2050(2)(3)(5) |
236,796 | 233,604 | ||||||
CSAIL Commercial Mortgage Trust |
||||||||
2019-C18 AS |
||||||||
3.321% due 12/15/2052 |
394,045 | 422,000 | ||||||
DBWF Mortgage Trust |
||||||||
2018-GLKS A |
||||||||
1.117% due 12/19/2030(2)(3)(5) |
630,000 | 630,538 | ||||||
Deephaven Residential Mortgage Trust |
||||||||
2019-4A A1 |
||||||||
2.791% due 10/25/2059(2)(3)(5) |
131,073 | 131,244 | ||||||
2020-1 A1 |
||||||||
2.339% due 1/25/2060(2)(3)(5) |
126,317 | 126,794 | ||||||
2021-3 A1 |
||||||||
1.194% due 8/25/2066(2)(3)(5) |
890,000 | 889,928 | ||||||
Extended Stay America Trust |
||||||||
2021-ESH C |
||||||||
1.784% due 7/15/2038(2)(3)(5) |
646,636 | 651,073 | ||||||
Freddie Mac STACR REMIC Trust |
||||||||
2021-DNA3 M2 |
||||||||
2.15% due 10/25/2033(2)(3)(5) |
655,000 | 668,407 | ||||||
2021-HQA3 M2 |
||||||||
2.15% due 9/25/2041(2)(3)(5) |
735,000 | 736,378 | ||||||
GCAT Trust |
||||||||
2020-NQM1 A1 |
||||||||
2.247% due 1/25/2060(2)(3)(5) |
81,773 | 82,798 | ||||||
Great Wolf Trust |
||||||||
2019-WOLF A |
||||||||
1.118% due 12/15/2036(2)(3)(5) |
1,028,000 | 1,029,985 | ||||||
GS Mortgage Securities Corp. II |
||||||||
2012-BWTR A |
||||||||
2.954% due 11/5/2034(2) |
1,273,000 | 1,292,743 | ||||||
GS Mortgage Securities Corp. Trust |
||||||||
2018-RIVR A |
||||||||
1.034% due 7/15/2035(2)(3)(5) |
437,247 | 436,950 | ||||||
2021-ROSS G |
||||||||
4.734% due 5/15/2026(2)(3)(5) |
660,000 | 670,708 | ||||||
HONO 2021-LULU Mortgage Trust |
||||||||
2021-LULU B |
||||||||
1.55% due 10/15/2036(2)(3)(5) |
250,000 | 250,036 | ||||||
2021-LULU C |
||||||||
1.95% due 10/15/2036(2)(3)(5) |
150,000 | 150,028 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
||||||||
2016-WIKI D |
||||||||
4.143% due 10/5/2031(2)(3)(5) |
225,000 | 224,524 | ||||||
2018-LAQ B |
||||||||
1.384% due 6/15/2032(2)(3)(5) |
554,400 | 554,304 | ||||||
2018-MINN A |
||||||||
2.02% due 11/15/2035(2)(3)(5) |
339,000 | 342,875 | ||||||
2018-WPT AFL |
||||||||
1.283% due 7/5/2033(2)(3)(5) |
234,229 | 235,620 | ||||||
2018-WPT BFL |
||||||||
1.583% due 7/5/2033(2)(3)(5) |
724,000 | 726,578 | ||||||
2018-WPT BFX |
||||||||
4.549% due 7/5/2033(2) |
218,000 | 228,725 | ||||||
2018-WPT CFX |
||||||||
4.95% due 7/5/2033(2) |
290,000 | 304,225 | ||||||
2020-MKST E |
||||||||
2.334% due 12/15/2036(2)(3)(5) |
570,000 | 556,428 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||||||
NonAgency MortgageBacked Securities (continued) |
| |||||||||||
JPMBB Commercial Mortgage Securities Trust |
||||||||||||
2015-C30 C |
||||||||||||
4.408% due 7/15/2048(3)(5) |
|
$ | 340,000 | $ | 357,137 | |||||||
KIND Trust |
||||||||||||
2021-KIND D |
||||||||||||
2.384% due 8/15/2038(2)(3)(5) |
|
590,000 | 590,137 | |||||||||
New Residential Mortgage Loan Trust |
||||||||||||
2020-NQM1 A1 |
||||||||||||
2.464% due 1/26/2060(2)(3)(5) |
|
81,247 | 82,387 | |||||||||
One New York Plaza Trust |
||||||||||||
2020-1NYP B |
||||||||||||
1.584% due 1/15/2026(2)(3)(5) |
|
850,000 | 853,656 | |||||||||
PFP Ltd. |
||||||||||||
2019-6 A |
||||||||||||
1.135% due 4/14/2037(2)(3)(5) |
|
176,060 | 175,842 | |||||||||
Ready Capital Mortgage Financing LLC |
||||||||||||
2021-FL6 C |
||||||||||||
1.986% due 7/25/2036(2)(3)(5) |
|
1,280,000 | 1,279,603 | |||||||||
ReadyCap Commercial Mortgage Trust |
||||||||||||
2019-6 A |
||||||||||||
2.833% due 10/25/2052(2) |
|
255,385 | 254,629 | |||||||||
Residential Mortgage Loan Trust |
||||||||||||
2020-1 A1 |
||||||||||||
2.376% due 2/25/2024(2)(3)(5) |
|
60,414 | 61,190 | |||||||||
Starwood Mortgage Residential Trust |
||||||||||||
2020-1 A1 |
||||||||||||
2.275% due 2/25/2050(2)(3)(5) |
107,796 | 108,961 | ||||||||||
2020-3 A1 |
||||||||||||
1.486% due 4/25/2065(2)(3)(5) |
500,865 | 503,009 | ||||||||||
Verus Securitization Trust |
||||||||||||
2020-1 A1 |
||||||||||||
2.417% due 1/25/2060(2)(3)(5) |
234,431 | 237,024 | ||||||||||
2020-5 A1 |
||||||||||||
1.218% due 5/25/2065(2)(3)(5) |
534,224 | 536,347 | ||||||||||
2021-2 A1 |
||||||||||||
1.031% due 2/25/2066(2)(3)(5) |
917,943 | 919,274 | ||||||||||
Vista Point Securitization Trust |
||||||||||||
2020-2 A1 |
||||||||||||
1.475% due 4/25/2065(2)(3)(5) |
|
335,323 | 337,217 | |||||||||
Wells Fargo Commercial Mortgage Trust |
||||||||||||
2015-C28 D |
||||||||||||
4.23% due 5/15/2048(3)(5) |
1,500,000 | 1,474,956 | ||||||||||
2015-SG1 B |
||||||||||||
4.603% due 9/15/2048(3)(5) |
1,260,000 | 1,310,192 | ||||||||||
2016-C35 C |
||||||||||||
4.176% due 7/15/2048(3)(5) |
131,000 | 133,657 | ||||||||||
2017-C41 AS |
||||||||||||
3.785% due 11/15/2050(3)(5) |
279,000 | 301,868 | ||||||||||
WFLD Mortgage Trust |
||||||||||||
2014-MONT A |
||||||||||||
3.88% due 8/10/2031(2)(3)(5) |
|
2,000,000 | 2,101,642 | |||||||||
|
|
|||||||||||
Total NonAgency MortgageBacked Securities |
|
36,992,567 | ||||||||||
|
|
|||||||||||
Foreign Government 1.3% |
||||||||||||
Egypt Government International Bond |
||||||||||||
5.80% due 9/30/2027(2) |
USD | 925,000 | 908,017 | |||||||||
Ghana Government International Bond |
||||||||||||
6.375% due 2/11/2027(2) |
USD | 725,000 | 683,907 | |||||||||
Nigeria Government International Bond |
||||||||||||
7.143% due 2/23/2030(2) |
USD | 695,000 | 708,671 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||||||
Foreign Government (continued) |
| |||||||||||
Qatar Government International Bond |
||||||||||||
3.75% due 4/16/2030(2) |
USD | 1,260,000 | $ | 1,421,519 | ||||||||
Sri Lanka Government International Bond |
||||||||||||
5.875% due 7/25/2022(2) |
USD | 200,000 | 146,070 | |||||||||
Turkiye Ihracat Kredi Bankasi A.S. |
||||||||||||
5.75% due 7/6/2026(2) |
USD | 670,000 | 659,032 | |||||||||
|
|
|||||||||||
Total Foreign Government |
|
4,527,216 | ||||||||||
|
|
|||||||||||
U.S. Government Securities 18.5% |
||||||||||||
U.S. Treasury Bond |
||||||||||||
1.125% due 5/15/2040 |
$ | 10,949,000 | 9,465,752 | |||||||||
2.00% due 8/15/2051 |
9,627,000 | 9,460,032 | ||||||||||
2.25% due 8/15/2049 |
2,980,000 | 3,089,887 | ||||||||||
U.S. Treasury Note |
||||||||||||
0.125% due 6/30/2023 |
14,930,000 | 14,904,922 | ||||||||||
0.125% due 8/31/2023 |
10,597,000 | 10,569,266 | ||||||||||
0.625% due 7/31/2026 |
14,030,000 | 13,805,301 | ||||||||||
1.25% due 8/15/2031 |
3,462,000 | 3,378,155 | ||||||||||
|
|
|||||||||||
Total U.S. Government Securities |
64,673,315 | |||||||||||
|
|
|||||||||||
ShortTerm Investments 14.5% |
||||||||||||
U.S. Treasury Bills 13.7% |
||||||||||||
U.S. Treasury Bill |
||||||||||||
0.022% due 11/18/2021(6) |
26,000,000 | 25,999,220 | ||||||||||
0.04% due 1/27/2022(6) |
21,982,000 | 21,979,142 | ||||||||||
|
|
|||||||||||
Total U.S. Treasury Bills |
|
47,978,362 | ||||||||||
|
|
|||||||||||
Repurchase Agreements 0.8% |
||||||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$2,682,001, |
|
2,682,001 | 2,682,001 | |||||||||
|
|
|||||||||||
Total Repurchase Agreements |
|
2,682,001 | ||||||||||
|
|
|||||||||||
Total Investments(8) 106.5% |
|
372,588,324 | ||||||||||
|
|
|||||||||||
Liabilities in excess of other assets(9) (6.5)% |
|
(22,767,076 | ) | |||||||||
|
|
|||||||||||
Total Net Assets 100.0% |
|
$ | 349,821,248 | |||||||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $134,965,595, representing 38.6% 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. |
(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, 2021. |
(4) | Payment-in-kind security, for which interest payments may be made in additional principal ranging from 0% to 100% of the full stated interest rate. As of September 30, 2021, interest payments had been made in cash. |
(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 |
1.25 | % | 6/30/2028 | $ | 2,735,500 | $ | 2,735,713 |
(8) | Securities are segregated to cover anticipated or existing derivative positions or to be announced securities (TBA). |
(9) | Liabilities in excess of other assets include net unrealized depreciation on futures contracts as follows: |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN CORE PLUS FIXED INCOME VIP FUND
Open futures contracts at September 30, 2021:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2021 | 94 | Long | $ | 20,695,864 | $ | 20,685,140 | $ | (10,724 | ) | ||||||||||||||
U.S. 10-Year Treasury Note |
December 2021 | 22 | Long | 2,938,757 | 2,895,406 | (43,351 | ) | |||||||||||||||||
U.S. Long Bond |
December 2021 | 182 | Long | 29,735,828 | 28,977,812 | (758,016 | ) | |||||||||||||||||
U.S. Ultra Bond |
December 2021 | 60 | Long | 11,780,146 | 11,463,750 | (316,396 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 65,150,595 | $ | 64,022,108 | $ | (1,128,487 | ) | ||||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||||||
U.S. 5-Year Treasury Note |
December 2021 | 89 | Short | $ | (11,004,888 | ) | $ | (10,924,055 | ) | $ | 80,833 | |||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2021 | 90 | Short | (13,354,293 | ) | (13,072,500 | ) | 281,793 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (24,359,181 | ) | $ | (23,996,555 | ) | $ | 362,626 | |||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
H15T5Y 5-year Constant Maturity Treasury Rate
ICE Intercontinental Exchange
LIBOR London Interbank Offered Rate
PIK PaymentInKind
SOFR Secured Overnight Financing Rate
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, 2021 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 |
$ | | $ | 26,948,024 | $ | | $ | 26,948,024 | ||||||||
AssetBacked Securities |
| 64,877,914 | | 64,877,914 | ||||||||||||
Corporate Bonds & Notes |
| 122,119,303 | | 122,119,303 | ||||||||||||
Municipals |
| 1,789,622 | | 1,789,622 | ||||||||||||
NonAgency MortgageBacked Securities |
| 36,992,567 | | 36,992,567 | ||||||||||||
Foreign Government |
| 4,527,216 | | 4,527,216 | ||||||||||||
U.S. Government Securities |
| 64,673,315 | | 64,673,315 | ||||||||||||
U.S. Treasury Bills |
| 47,978,362 | | 47,978,362 | ||||||||||||
Repurchase Agreements |
| 2,682,001 | | 2,682,001 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | | $ | 372,588,324 | $ | | $ | 372,588,324 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 362,626 | $ | | $ | | $ | 362,626 | ||||||||
Liabilities |
(1,128,487 | ) | | | (1,128,487 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (765,861 | ) | $ | | $ | | $ | (765,861 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.4% |
| |||||||
Airlines 1.1% |
| |||||||
SkyWest, Inc.(1) |
69,073 | $ | 3,408,062 | |||||
|
|
|||||||
3,408,062 | ||||||||
|
|
|||||||
Auto Components 2.3% |
||||||||
The Goodyear Tire & Rubber Co.(1) |
208,940 | 3,698,238 | ||||||
Visteon Corp.(1) |
33,680 | 3,179,055 | ||||||
|
|
|||||||
6,877,293 | ||||||||
|
|
|||||||
Banks 7.6% |
||||||||
Bank OZK |
95,595 | 4,108,673 | ||||||
Cadence BanCorp |
166,070 | 3,646,897 | ||||||
First Interstate BancSystem, Inc., Class A |
63,775 | 2,567,582 | ||||||
TriState Capital Holdings, Inc.(1) |
146,810 | 3,105,031 | ||||||
WesBanco, Inc. |
98,961 | 3,372,591 | ||||||
Wintrust Financial Corp. |
73,379 | 5,897,470 | ||||||
|
|
|||||||
22,698,244 | ||||||||
|
|
|||||||
Biotechnology 1.3% |
||||||||
Amarin Corp. PLC, ADR(1) |
752,186 | 3,836,149 | ||||||
|
|
|||||||
3,836,149 | ||||||||
|
|
|||||||
Building Products 1.1% |
||||||||
Masonite International Corp.(1) |
32,290 | 3,426,938 | ||||||
|
|
|||||||
3,426,938 | ||||||||
|
|
|||||||
Capital Markets 0.6% |
||||||||
CONX Corp.(1) |
178,530 | 1,792,441 | ||||||
|
|
|||||||
1,792,441 | ||||||||
|
|
|||||||
Chemicals 2.6% |
||||||||
Avient Corp. |
73,180 | 3,391,893 | ||||||
Olin Corp. |
90,250 | 4,354,562 | ||||||
|
|
|||||||
7,746,455 | ||||||||
|
|
|||||||
Construction & Engineering 1.2% |
||||||||
Primoris Services Corp. |
149,800 | 3,668,602 | ||||||
|
|
|||||||
3,668,602 | ||||||||
|
|
|||||||
Consumer Finance 3.3% |
||||||||
Encore Capital Group, Inc.(1) |
81,715 | 4,026,098 | ||||||
Oportun Financial Corp.(1) |
109,154 | 2,732,125 | ||||||
PROG Holdings, Inc. |
70,656 | 2,968,258 | ||||||
|
|
|||||||
9,726,481 | ||||||||
|
|
|||||||
Diversified Consumer Services 3.1% |
||||||||
2U, Inc.(1) |
98,324 | 3,300,737 | ||||||
Frontdoor, Inc.(1) |
61,600 | 2,581,040 | ||||||
Stride, Inc.(1) |
90,174 | 3,240,853 | ||||||
|
|
|||||||
9,122,630 | ||||||||
|
|
|||||||
Diversified Financial Services 0.6% |
||||||||
East Resources Acquisition Co.(1) |
165,930 | 1,679,212 | ||||||
|
|
|||||||
1,679,212 | ||||||||
|
|
|||||||
Diversified Telecommunication Services 1.0% |
||||||||
Anterix, Inc.(1) |
48,955 | 2,971,569 | ||||||
|
|
|||||||
2,971,569 | ||||||||
|
|
|||||||
Electric Utilities 0.9% |
||||||||
Portland General Electric Co. |
56,910 | 2,674,201 | ||||||
|
|
|||||||
2,674,201 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Electrical Equipment 1.6% |
| |||||||
EnerSys |
38,440 | $ | 2,861,474 | |||||
Shoals Technologies Group, Inc., Class A(1) |
72,440 | 2,019,627 | ||||||
|
|
|||||||
4,881,101 | ||||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 1.7% |
||||||||
Advanced Energy Industries, Inc. |
33,150 | 2,908,913 | ||||||
nLight, Inc.(1) |
76,096 | 2,145,146 | ||||||
|
|
|||||||
5,054,059 | ||||||||
|
|
|||||||
Energy Equipment & Services 0.7% |
||||||||
Helmerich & Payne, Inc. |
74,830 | 2,051,090 | ||||||
|
|
|||||||
2,051,090 | ||||||||
|
|
|||||||
Entertainment 0.5% |
||||||||
PLAYSTUDIOS, Inc.(1)(2) |
325,000 | 1,482,000 | ||||||
|
|
|||||||
1,482,000 | ||||||||
|
|
|||||||
Equity Real Estate Investment 4.5% |
||||||||
Kite Realty Group Trust REIT |
164,002 | 3,339,081 | ||||||
Lexington Realty Trust REIT |
308,304 | 3,930,876 | ||||||
Physicians Realty Trust REIT |
183,860 | 3,239,613 | ||||||
RLJ Lodging Trust REIT |
184,270 | 2,738,252 | ||||||
|
|
|||||||
13,247,822 | ||||||||
|
|
|||||||
Food & Staples Retailing 1.3% |
||||||||
Sprouts Farmers Market, Inc.(1) |
162,323 | 3,761,024 | ||||||
|
|
|||||||
3,761,024 | ||||||||
|
|
|||||||
Food Products 1.6% |
||||||||
Sovos Brands, Inc.(1) |
142,350 | 1,985,782 | ||||||
Utz Brands, Inc. |
165,190 | 2,829,705 | ||||||
|
|
|||||||
4,815,487 | ||||||||
|
|
|||||||
Health Care Equipment & Supplies 1.6% |
||||||||
Lantheus Holdings, Inc.(1) |
119,900 | 3,079,032 | ||||||
Quotient Ltd.(1) |
671,525 | 1,571,369 | ||||||
|
|
|||||||
4,650,401 | ||||||||
|
|
|||||||
Health Care Providers & Services 5.7% |
||||||||
Acadia Healthcare Co., Inc.(1) |
69,591 | 4,438,514 | ||||||
CareMax, Inc.(1)(2) |
213,620 | 2,063,569 | ||||||
Covetrus, Inc.(1) |
118,900 | 2,156,846 | ||||||
HealthEquity, Inc.(1) |
52,699 | 3,412,787 | ||||||
R1 RCM, Inc.(1) |
220,256 | 4,847,835 | ||||||
|
|
|||||||
16,919,551 | ||||||||
|
|
|||||||
Health Care Technology 2.0% |
||||||||
Health Catalyst, Inc.(1) |
48,570 | 2,428,986 | ||||||
Omnicell, Inc.(1) |
24,540 | 3,642,472 | ||||||
|
|
|||||||
6,071,458 | ||||||||
|
|
|||||||
Hotels, Restaurants & Leisure 2.2% |
||||||||
Bloomin Brands, Inc.(1) |
128,810 | 3,220,250 | ||||||
Everi Holdings, Inc.(1) |
138,290 | 3,343,852 | ||||||
|
|
|||||||
6,564,102 | ||||||||
|
|
|||||||
Household Durables 1.7% |
||||||||
Century Communities, Inc. |
83,710 | 5,143,979 | ||||||
|
|
|||||||
5,143,979 | ||||||||
|
|
|||||||
Insurance 2.8% |
||||||||
Assured Guaranty Ltd. |
78,309 | 3,665,644 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Insurance (continued) |
| |||||||
BRP Group, Inc., Class A(1) |
103,680 | $ | 3,451,507 | |||||
Metromile, Inc.(1)(2) |
313,100 | 1,111,505 | ||||||
|
|
|||||||
8,228,656 | ||||||||
|
|
|||||||
Internet & Direct Marketing Retail 1.1% |
||||||||
1stdibs.com, Inc.(1) |
107,500 | 1,333,000 | ||||||
ThredUp, Inc., Class A(1) |
87,606 | 1,900,174 | ||||||
|
|
|||||||
3,233,174 | ||||||||
|
|
|||||||
IT Services 3.1% |
||||||||
CSG Systems International, Inc. |
59,700 | 2,877,540 | ||||||
Switch, Inc., Class A |
146,340 | 3,715,573 | ||||||
TaskUS, Inc., Class A(1) |
11,680 | 775,202 | ||||||
Thoughtworks Holding, Inc.(1) |
63,985 | 1,837,009 | ||||||
|
|
|||||||
9,205,324 | ||||||||
|
|
|||||||
Leisure Products 1.4% |
||||||||
Vista Outdoor, Inc.(1) |
100,520 | 4,051,961 | ||||||
|
|
|||||||
4,051,961 | ||||||||
|
|
|||||||
Life Sciences Tools & Services 1.2% |
||||||||
Syneos Health, Inc.(1) |
39,686 | 3,471,731 | ||||||
|
|
|||||||
3,471,731 | ||||||||
|
|
|||||||
Machinery 2.3% |
||||||||
EnPro Industries, Inc. |
34,195 | 2,979,068 | ||||||
Hillman Solutions Corp.(1) |
316,330 | 3,773,817 | ||||||
|
|
|||||||
6,752,885 | ||||||||
|
|
|||||||
Media 3.0% |
||||||||
Advantage Solutions, Inc.(1) |
95,030 | 822,010 | ||||||
Advantage Solutions, Inc.(1)(2) |
269,628 | 2,332,282 | ||||||
Gray Television, Inc. |
254,476 | 5,807,142 | ||||||
|
|
|||||||
8,961,434 | ||||||||
|
|
|||||||
Metals & Mining 2.7% |
||||||||
Commercial Metals Co. |
112,004 | 3,411,642 | ||||||
Constellium SE(1) |
142,200 | 2,670,516 | ||||||
MP Materials Corp.(1) |
64,400 | 2,075,612 | ||||||
|
|
|||||||
8,157,770 | ||||||||
|
|
|||||||
Multi-Utilities 1.6% |
||||||||
Black Hills Corp. |
76,813 | 4,820,784 | ||||||
|
|
|||||||
4,820,784 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels 3.8% |
||||||||
Brigham Minerals, Inc., Class A |
160,130 | 3,068,091 | ||||||
CNX Resources Corp.(1) |
211,450 | 2,668,499 | ||||||
International Seaways, Inc. |
184,340 | 3,358,675 | ||||||
Magnolia Oil & Gas Corp., Class A |
125,200 | 2,227,308 | ||||||
|
|
|||||||
11,322,573 | ||||||||
|
|
|||||||
Personal Products 0.5% |
||||||||
The Honest Co., Inc.(1) |
139,400 | 1,446,972 | ||||||
|
|
|||||||
1,446,972 | ||||||||
|
|
|||||||
Pharmaceuticals 1.7% |
||||||||
Aerie Pharmaceuticals, Inc.(1) |
170,124 | 1,939,414 | ||||||
Intra-Cellular Therapies, Inc.(1) |
84,284 | 3,142,107 | ||||||
|
|
|||||||
5,081,521 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks (continued) |
| |||||||
Professional Services 2.9% |
| |||||||
ICF International, Inc. |
37,536 | $ | 3,351,589 | |||||
Korn Ferry |
49,210 | 3,560,836 | ||||||
Sterling Check Corp.(1) |
61,100 | 1,586,156 | ||||||
|
|
|||||||
8,498,581 | ||||||||
|
|
|||||||
Real Estate Management & Development 0.5% |
||||||||
Real Matters, Inc. (Canada)(1) |
170,970 | 1,355,234 | ||||||
|
|
|||||||
1,355,234 | ||||||||
|
|
|||||||
Road & Rail 0.8% |
||||||||
Marten Transport Ltd. |
154,220 | 2,419,712 | ||||||
|
|
|||||||
2,419,712 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 2.2% |
||||||||
Semtech Corp.(1) |
44,692 | 3,484,635 | ||||||
SMART Global Holdings, Inc.(1) |
65,900 | 2,932,550 | ||||||
|
|
|||||||
6,417,185 | ||||||||
|
|
|||||||
Software 5.0% |
||||||||
CommVault Systems, Inc.(1) |
70,499 | 5,309,280 | ||||||
NCR Corp.(1) |
106,760 | 4,138,017 | ||||||
Rapid7, Inc.(1) |
23,944 | 2,706,151 | ||||||
WalkMe Ltd.(1) |
96,000 | 2,856,000 | ||||||
|
|
|||||||
15,009,448 | ||||||||
|
|
|||||||
Specialty Retail 3.5% |
||||||||
Murphy USA, Inc. |
32,392 | 5,417,886 | ||||||
Petco Health & Wellness Co., Inc.(1) |
117,100 | 2,470,810 | ||||||
Urban Outfitters, Inc.(1) |
81,690 | 2,425,376 | ||||||
|
|
|||||||
10,314,072 | ||||||||
|
|
|||||||
Thrifts & Mortgage Finance 2.7% |
||||||||
NMI Holdings, Inc., Class A(1) |
109,890 | 2,484,613 | ||||||
Washington Federal, Inc. |
160,520 | 5,507,441 | ||||||
|
|
|||||||
7,992,054 | ||||||||
|
|
|||||||
Trading Companies & Distributors 4.8% |
||||||||
Custom Truck One Source, Inc.(1)(2) |
400,059 | 3,732,550 | ||||||
GATX Corp. |
31,980 | 2,864,129 | ||||||
Rush Enterprises, Inc., Class A |
62,872 | 2,839,300 | ||||||
Textainer Group Holdings Ltd.(1) |
141,010 | 4,922,659 | ||||||
|
|
|||||||
14,358,638 | ||||||||
|
|
|||||||
Total Common Stocks |
|
295,370,060 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 0.2% |
||||||||
Repurchase Agreements 0.2% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$691,283, |
$ | 691,283 | 691,283 | |||||
|
|
|||||||
Total Repurchase Agreements |
|
691,283 | ||||||
|
|
|||||||
Total Investments 99.6% |
|
296,061,343 | ||||||
|
|
|||||||
Assets in excess of other liabilities 0.4% |
|
1,270,892 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 297,332,235 | |||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN SMALL CAP CORE VIP FUND
(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, 2021, the aggregate market value of these securities amounted to $10,721,906, representing 3.6% of net assets. |
(3) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 705,100 | $ | 705,155 |
Legend:
ADR American Depositary Receipt
REIT Real Estate Investment Trust
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, 2021 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 |
$ | 295,370,060 | $ | | $ | | $ | 295,370,060 | ||||||||
Repurchase Agreements |
| 691,283 | | 691,283 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 295,370,060 | $ | 691,283 | $ | | $ | 296,061,343 | ||||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GLOBAL UTILITIES VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
Common Stocks 99.2% |
| |||||||
Bermuda 5.4% |
| |||||||
China Gas Holdings Ltd. |
610,800 | $ | 1,801,127 | |||||
CK Infrastructure Holdings Ltd. |
479,500 | 2,664,087 | ||||||
|
|
|||||||
4,465,214 | ||||||||
|
|
|||||||
Brazil 1.3% |
||||||||
Cia de Saneamento Basico do Estado de Sao Paulo |
151,300 | 1,071,595 | ||||||
|
|
|||||||
1,071,595 | ||||||||
|
|
|||||||
Cayman Islands 2.1% |
||||||||
ENN Energy Holdings Ltd. |
108,800 | 1,781,691 | ||||||
|
|
|||||||
1,781,691 | ||||||||
|
|
|||||||
China 11.5% |
||||||||
China Longyuan Power Group Corp. Ltd., Class H |
3,927,800 | 9,597,670 | ||||||
|
|
|||||||
9,597,670 | ||||||||
|
|
|||||||
France 4.6% |
||||||||
Engie S.A. |
289,026 | 3,793,321 | ||||||
|
|
|||||||
3,793,321 | ||||||||
|
|
|||||||
Germany 4.7% |
||||||||
E.ON SE |
132,432 | 1,620,235 | ||||||
RWE AG |
65,303 | 2,308,549 | ||||||
|
|
|||||||
3,928,784 | ||||||||
|
|
|||||||
Italy 3.7% |
||||||||
Enel S.p.A. |
396,306 | 3,042,654 | ||||||
|
|
|||||||
3,042,654 | ||||||||
|
|
|||||||
Japan 2.7% |
||||||||
The Kansai Electric Power Co., Inc. |
143,500 | 1,392,591 | ||||||
Tokyo Gas Co. Ltd. |
45,800 | 852,933 | ||||||
|
|
|||||||
2,245,524 | ||||||||
|
|
|||||||
Spain 5.1% |
||||||||
Iberdrola S.A. |
428,557 | 4,280,239 | ||||||
|
|
|||||||
4,280,239 | ||||||||
|
|
|||||||
United Kingdom 3.5% |
||||||||
National Grid PLC |
244,257 | 2,905,510 | ||||||
|
|
|||||||
2,905,510 | ||||||||
|
|
|||||||
United States 54.6% |
||||||||
American Electric Power Co., Inc. |
46,959 | 3,812,132 | ||||||
Avangrid, Inc. |
24,618 | 1,196,435 | ||||||
CenterPoint Energy, Inc. |
148,506 | 3,653,248 | ||||||
Duke Energy Corp. |
62,244 | 6,074,392 | ||||||
Edison International |
56,571 | 3,137,993 | ||||||
Exelon Corp. |
82,999 | 4,012,172 | ||||||
FirstEnergy Corp. |
105,719 | 3,765,711 | ||||||
NextEra Energy, Inc. |
47,015 | 3,691,618 | ||||||
NRG Energy, Inc. |
80,750 | 3,297,022 | ||||||
Pinnacle West Capital Corp. |
40,656 | 2,941,868 | ||||||
Sempra Energy |
23,419 | 2,962,503 | ||||||
The AES Corp. |
140,927 | 3,217,363 | ||||||
The Southern Co. |
59,536 | 3,689,446 | ||||||
|
|
|||||||
45,451,903 | ||||||||
|
|
|||||||
Total Common Stocks |
|
82,564,105 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN GLOBAL UTILITIES VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 0.8% |
||||||||
Repurchase Agreements 0.8% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of
$611,970, |
$ | 611,970 | $ | 611,970 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
611,970 | ||||||
|
|
|||||||
Total Investments 100.0% |
|
83,176,075 | ||||||
|
|
|||||||
Assets in excess of other liabilities 0.0% |
|
36,780 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 83,212,855 | |||||
|
|
(1) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value | ||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 624,200 | $ | 624,249 |
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, 2021 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 |
$ | | $ | 4,465,214 | * | $ | | $ | 4,465,214 | |||||||
Brazil |
1,071,595 | | | 1,071,595 | ||||||||||||
Cayman Islands |
| 1,781,691 | * | | 1,781,691 | |||||||||||
China |
| 9,597,670 | * | | 9,597,670 | |||||||||||
France |
| 3,793,321 | * | | 3,793,321 | |||||||||||
Germany |
| 3,928,784 | * | | 3,928,784 | |||||||||||
Italy |
| 3,042,654 | * | | 3,042,654 | |||||||||||
Japan |
| 2,245,524 | * | | 2,245,524 | |||||||||||
Spain |
| 4,280,239 | * | | 4,280,239 | |||||||||||
United Kingdom |
| 2,905,510 | * | | 2,905,510 | |||||||||||
United States |
45,451,903 | | | 45,451,903 | ||||||||||||
Repurchase Agreements |
| 611,970 | | 611,970 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 46,523,498 | $ | 36,652,577 | $ | | $ | 83,176,075 | ||||||||
|
|
|
|
|
|
|
|
* | 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, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities 5.5% |
| |||||||
AIMCO CLO |
||||||||
2017-AA DR |
||||||||
3.284% (LIBOR 3 Month + 3.15%) due 4/20/2034(1)(2) |
$ | 1,800,000 | $ | 1,808,050 | ||||
AIMCO CLO 14 Ltd. |
||||||||
2021-14A D |
||||||||
3.098% (LIBOR 3 Month + 2.90%) due 4/20/2034(1)(2) |
2,000,000 | 1,996,958 | ||||||
Ares XXXIV CLO Ltd. |
||||||||
2015-2A BR2 |
||||||||
1.734% (LIBOR 3 Month + 1.60%) due 4/17/2033(1)(2) |
300,000 | 302,500 | ||||||
Battalion CLO XIX Ltd. |
||||||||
2021-19A D |
||||||||
3.376% (LIBOR 3 Month + 3.25%) due 4/15/2034(1)(2) |
2,000,000 | 1,996,984 | ||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/20/2030(1)(2) |
600,000 | 599,698 | ||||||
CIFC Funding Ltd. |
||||||||
2013-4A BRR |
||||||||
1.729% (LIBOR 3 Month + 1.60%) due 4/27/2031(1)(2) |
1,200,000 | 1,197,120 | ||||||
Commonbond Student Loan Trust |
||||||||
2021-AGS A |
||||||||
1.20% due 3/25/2052(1) |
761,181 | 757,380 | ||||||
Elmwood CLO IX Ltd. |
||||||||
2021-2A C |
||||||||
2.039% (LIBOR 3 Month + 1.90%) due 7/20/2034(1)(2) |
1,000,000 | 999,497 | ||||||
Greywolf CLO II Ltd. |
||||||||
2013-1A C2RR |
||||||||
4.326% (LIBOR 3 Month + 4.20%) due 4/15/2034(1)(2) |
2,400,000 | 2,396,369 | ||||||
ICG U.S. CLO Ltd. |
||||||||
2018-2A B |
||||||||
1.888% (LIBOR 3 Month + 1.75%) due 7/22/2031(1)(2) |
1,500,000 | 1,497,756 | ||||||
Neuberger Berman CLO XVII Ltd. |
||||||||
2014-17A BR2 |
||||||||
1.638% (LIBOR 3 Month + 1.50%) due 4/22/2029(1)(2) |
1,400,000 | 1,396,080 | ||||||
OHA Credit Funding 2 Ltd. |
||||||||
2019-2A CR |
||||||||
2.334% (LIBOR 3 Month + 2.20%) due 4/21/2034(1)(2) |
1,800,000 | 1,800,360 | ||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/18/2031(1)(2) |
835,000 | 832,996 | ||||||
|
|
|||||||
Total AssetBacked Securities |
|
17,581,748 | ||||||
|
|
|||||||
Corporate Bonds & Notes 69.9% |
||||||||
Aerospace & Defense 1.4% |
||||||||
The Boeing Co. |
||||||||
3.75% due 2/1/2050 |
500,000 | 506,925 | ||||||
5.15% due 5/1/2030 |
3,300,000 | 3,874,464 | ||||||
|
|
|||||||
4,381,389 | ||||||||
|
|
|||||||
Agriculture 1.5% |
||||||||
Altria Group, Inc. |
||||||||
2.45% due 2/4/2032 |
5,000,000 | 4,811,400 | ||||||
|
|
|||||||
4,811,400 | ||||||||
|
|
|||||||
Airlines 1.0% |
||||||||
American Airlines, Inc. |
||||||||
11.75% due 7/15/2025(1) |
2,600,000 | 3,216,330 | ||||||
|
|
|||||||
3,216,330 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Auto Manufacturers 3.2% |
| |||||||
Ford Motor Co. |
||||||||
9.625% due 4/22/2030 |
$ | 875,000 | $ | 1,240,951 | ||||
Ford Motor Credit Co. LLC |
||||||||
4.00% due 11/13/2030 |
2,190,000 | 2,277,381 | ||||||
4.125% due 8/17/2027 |
1,000,000 | 1,060,800 | ||||||
General Motors Co. |
||||||||
5.95% due 4/1/2049 |
500,000 | 660,990 | ||||||
General Motors Financial Co., Inc. |
||||||||
3.60% due 6/21/2030 |
2,750,000 | 2,945,938 | ||||||
Nissan Motor Co. Ltd. |
||||||||
4.81% due 9/17/2030(1) |
1,900,000 | 2,138,279 | ||||||
|
|
|||||||
10,324,339 | ||||||||
|
|
|||||||
Beverages 1.3% |
||||||||
Becle S.A.B. de C.V. |
||||||||
2.50% due 10/14/2031(1) |
2,200,000 | 2,177,472 | ||||||
Constellation Brands, Inc. |
||||||||
4.10% due 2/15/2048 |
1,700,000 | 1,920,439 | ||||||
|
|
|||||||
4,097,911 | ||||||||
|
|
|||||||
Building Materials 0.5% |
||||||||
Cornerstone Building Brands, Inc. |
||||||||
6.125% due 1/15/2029(1) |
1,500,000 | 1,594,515 | ||||||
|
|
|||||||
1,594,515 | ||||||||
|
|
|||||||
Chemicals 1.5% |
||||||||
Nutrien Ltd. |
||||||||
2.95% due 5/13/2030 |
4,600,000 | 4,856,128 | ||||||
|
|
|||||||
4,856,128 | ||||||||
|
|
|||||||
Commercial Banks 8.2% |
||||||||
Bank of America Corp. |
||||||||
2.687% (2.687% fixed rate until 4/22/2031; SOFR + 1.32% thereafter) |
2,500,000 | 2,552,075 | ||||||
2.831% (2.831% fixed rate until 10/24/2050; SOFR + 1.88% thereafter) due 10/24/2051(2) |
1,800,000 | 1,731,150 | ||||||
Credit Suisse Group AG |
||||||||
3.869% (3.869% fixed rate until 1/12/2028; LIBOR 3 Month + 1.41% thereafter) |
6,500,000 | 7,095,010 | ||||||
Discover Bank |
||||||||
2.70% due 2/6/2030 |
6,900,000 | 7,155,645 | ||||||
Huntington Bancshares, Inc. |
||||||||
2.487% (2.487% fixed rate until 8/15/2031; H15T5Y + 1.17% thereafter) |
3,000,000 | 2,955,990 | ||||||
Morgan Stanley |
||||||||
2.484% (2.484% fixed rate until 9/16/2031; SOFR + 1.36% thereafter) due 9/16/2036(2) |
2,500,000 | 2,445,325 | ||||||
3.217% (3.217% fixed rate until 4/22/2041; SOFR + 1.49% thereafter) due 4/22/2042(2) |
2,300,000 | 2,404,742 | ||||||
|
|
|||||||
26,339,937 | ||||||||
|
|
|||||||
Commercial Services 0.2% |
||||||||
Team Health Holdings, Inc. |
||||||||
6.375% due 2/1/2025(1) |
500,000 | 482,845 | ||||||
|
|
|||||||
482,845 | ||||||||
|
|
|||||||
Diversified Financial Services 1.9% |
||||||||
Air Lease Corp. |
||||||||
3.00% due 2/1/2030 |
1,700,000 | 1,726,622 | ||||||
4.625% due 10/1/2028 |
4,000,000 | 4,500,040 | ||||||
|
|
|||||||
6,226,662 | ||||||||
|
|
|||||||
Entertainment 0.8% |
||||||||
Affinity Gaming |
||||||||
6.875% due 12/15/2027(1) |
2,000,000 | 2,102,080 | ||||||
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp. |
||||||||
5.625% due 9/1/2029(1) |
200,000 | 202,218 | ||||||
5.875% due 9/1/2031(1) |
400,000 | 404,008 | ||||||
|
|
|||||||
2,708,306 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Environmental Control 2.1% |
| |||||||
Waste Connections, Inc. |
||||||||
2.60% due 2/1/2030 |
$ | 6,400,000 | $ | 6,596,416 | ||||
|
|
|||||||
6,596,416 | ||||||||
|
|
|||||||
Food 1.5% |
||||||||
Kraft Heinz Foods Co. |
||||||||
4.25% due 3/1/2031 |
3,340,000 | 3,770,860 | ||||||
Post Holdings, Inc. |
||||||||
5.75% due 3/1/2027(1) |
1,000,000 | 1,038,990 | ||||||
|
|
|||||||
4,809,850 | ||||||||
|
|
|||||||
Food Service 0.3% |
||||||||
Aramark Services, Inc. |
||||||||
6.375% due 5/1/2025(1) |
1,000,000 | 1,052,710 | ||||||
|
|
|||||||
1,052,710 | ||||||||
|
|
|||||||
Healthcare-Products 0.3% |
||||||||
Mozart Debt Merger Sub, Inc. |
||||||||
3.875% due 4/1/2029(1) |
800,000 | 800,000 | ||||||
5.25% due 10/1/2029(1) |
175,000 | 175,000 | ||||||
|
|
|||||||
975,000 | ||||||||
|
|
|||||||
Healthcare-Services 1.1% |
||||||||
Surgery Center Holdings, Inc. |
||||||||
10.00% due 4/15/2027(1) |
2,200,000 | 2,380,422 | ||||||
Tenet Healthcare Corp. |
||||||||
6.75% due 6/15/2023 |
1,000,000 | 1,077,040 | ||||||
|
|
|||||||
3,457,462 | ||||||||
|
|
|||||||
Housewares 0.3% |
||||||||
SWF Escrow Issuer Corp. |
||||||||
6.50% due 10/1/2029(1) |
1,000,000 | 972,140 | ||||||
|
|
|||||||
972,140 | ||||||||
|
|
|||||||
Insurance 4.4% |
||||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
7,400,000 | 7,003,804 | ||||||
CNA Financial Corp. |
||||||||
2.05% due 8/15/2030 |
5,810,000 | 5,701,702 | ||||||
Liberty Mutual Group, Inc. |
||||||||
3.951% due 10/15/2050(1) |
1,250,000 | 1,396,100 | ||||||
|
|
|||||||
14,101,606 | ||||||||
|
|
|||||||
Internet 1.4% |
||||||||
Expedia Group, Inc. |
||||||||
2.95% due 3/15/2031 |
4,500,000 | 4,558,320 | ||||||
|
|
|||||||
4,558,320 | ||||||||
|
|
|||||||
Iron & Steel 1.3% |
||||||||
Vale Overseas Ltd. |
||||||||
3.75% due 7/8/2030 |
4,000,000 | 4,143,800 | ||||||
|
|
|||||||
4,143,800 | ||||||||
|
|
|||||||
Leisure Time 1.4% |
||||||||
Life Time, Inc. |
||||||||
5.75% due 1/15/2026(1) |
2,000,000 | 2,070,320 | ||||||
Viking Cruises Ltd. |
||||||||
13.00% due 5/15/2025(1) |
1,965,000 | 2,264,230 | ||||||
|
|
|||||||
4,334,550 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Lodging 2.6% |
| |||||||
Boyd Gaming Corp. |
||||||||
4.75% due 12/1/2027 |
$ | 1,500,000 | $ | 1,548,675 | ||||
Marriott International, Inc. |
||||||||
2.85% due 4/15/2031 |
5,100,000 | 5,148,348 | ||||||
MGM Resorts International |
||||||||
5.50% due 4/15/2027 |
1,500,000 | 1,631,535 | ||||||
|
|
|||||||
8,328,558 | ||||||||
|
|
|||||||
Machinery-Construction & Mining 0.7% |
||||||||
Caterpillar, Inc. |
||||||||
1.90% due 3/12/2031 |
1,800,000 | 1,790,604 | ||||||
3.25% due 4/9/2050 |
400,000 | 435,124 | ||||||
|
|
|||||||
2,225,728 | ||||||||
|
|
|||||||
Media 5.6% |
||||||||
AMC Networks, Inc. |
||||||||
4.25% due 2/15/2029 |
2,000,000 | 1,990,420 | ||||||
Audacy Capital Corp. |
||||||||
6.75% due 3/31/2029(1) |
1,500,000 | 1,512,270 | ||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.30% due 2/1/2032 |
1,500,000 | 1,429,470 | ||||||
3.70% due 4/1/2051 |
1,000,000 | 968,150 | ||||||
Comcast Corp. |
||||||||
2.45% due 8/15/2052 |
500,000 | 441,645 | ||||||
CSC Holdings LLC |
||||||||
7.50% due 4/1/2028(1) |
1,500,000 | 1,621,995 | ||||||
Gray Television, Inc. |
||||||||
7.00% due 5/15/2027(1) |
2,000,000 | 2,143,920 | ||||||
iHeartCommunications, Inc. |
||||||||
5.25% due 8/15/2027(1) |
2,100,000 | 2,183,958 | ||||||
Scripps Escrow, Inc. |
||||||||
5.875% due 7/15/2027(1) |
1,425,000 | 1,460,582 | ||||||
Sinclair Television Group, Inc. |
||||||||
5.50% due 3/1/2030(1) |
1,750,000 | 1,735,300 | ||||||
Sirius XM Radio, Inc. |
||||||||
5.50% due 7/1/2029(1) |
2,000,000 | 2,167,800 | ||||||
Univision Communications, Inc. |
||||||||
4.50% due 5/1/2029(1) |
200,000 | 203,658 | ||||||
|
|
|||||||
17,859,168 | ||||||||
|
|
|||||||
Mining 0.4% |
||||||||
Freeport-McMoRan, Inc. |
||||||||
5.45% due 3/15/2043 |
1,000,000 | 1,230,530 | ||||||
|
|
|||||||
1,230,530 | ||||||||
|
|
|||||||
Oil & Gas 5.0% |
||||||||
Antero Resources Corp. |
||||||||
7.625% due 2/1/2029(1) |
1,250,000 | 1,396,825 | ||||||
8.375% due 7/15/2026(1) |
696,000 | 788,345 | ||||||
Cenovus Energy, Inc. |
||||||||
2.65% due 1/15/2032 |
1,100,000 | 1,080,233 | ||||||
4.25% due 4/15/2027 |
1,000,000 | 1,111,650 | ||||||
5.40% due 6/15/2047 |
1,000,000 | 1,230,740 | ||||||
Hess Corp. |
||||||||
4.30% due 4/1/2027 |
2,850,000 | 3,161,790 | ||||||
Ovintiv Exploration, Inc. |
||||||||
5.375% due 1/1/2026 |
6,500,000 | 7,340,125 | ||||||
|
|
|||||||
16,109,708 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Oil & Gas Services 0.2% |
| |||||||
TechnipFMC PLC |
||||||||
6.50% due 2/1/2026(1) |
$ | 700,000 | $ | 750,778 | ||||
|
|
|||||||
750,778 | ||||||||
|
|
|||||||
Packaging & Containers 1.8% |
||||||||
Amcor Flexibles North America, Inc. |
||||||||
2.69% due 5/25/2031 |
5,500,000 | 5,633,045 | ||||||
|
|
|||||||
5,633,045 | ||||||||
|
|
|||||||
Pharmaceuticals 1.4% |
||||||||
AbbVie, Inc. |
||||||||
4.25% due 11/21/2049 |
1,600,000 | 1,894,368 | ||||||
Bausch Health Cos., Inc. |
||||||||
5.25% due 1/30/2030(1) |
2,000,000 | 1,864,540 | ||||||
6.125% due 4/15/2025(1) |
815,000 | 832,449 | ||||||
|
|
|||||||
4,591,357 | ||||||||
|
|
|||||||
Pipelines 2.0% |
||||||||
ONEOK, Inc. |
||||||||
3.40% due 9/1/2029 |
2,100,000 | 2,231,124 | ||||||
4.45% due 9/1/2049 |
900,000 | 1,001,313 | ||||||
The Williams Cos., Inc. |
||||||||
2.60% due 3/15/2031 |
2,500,000 | 2,535,000 | ||||||
4.85% due 3/1/2048 |
380,000 | 464,459 | ||||||
|
|
|||||||
6,231,896 | ||||||||
|
|
|||||||
Real Estate Investment Trusts 1.7% |
||||||||
Simon Property Group LP |
||||||||
2.20% due 2/1/2031 |
5,500,000 | 5,412,825 | ||||||
|
|
|||||||
5,412,825 | ||||||||
|
|
|||||||
Retail 5.4% |
||||||||
Kohls Corp. |
||||||||
5.55% due 7/17/2045 |
1,300,000 | 1,547,507 | ||||||
Lowes Cos., Inc. |
||||||||
2.625% due 4/1/2031 |
3,500,000 | 3,594,045 | ||||||
2.80% due 9/15/2041 |
500,000 | 486,280 | ||||||
3.00% due 10/15/2050 |
1,000,000 | 974,090 | ||||||
PetSmart, Inc. / PetSmart Finance Corp. |
||||||||
7.75% due 2/15/2029(1) |
3,000,000 | 3,271,680 | ||||||
Ross Stores, Inc. |
||||||||
1.875% due 4/15/2031 |
5,400,000 | 5,209,596 | ||||||
The Michaels Cos., Inc. |
||||||||
7.875% due 5/1/2029(1) |
2,000,000 | 2,074,040 | ||||||
|
|
|||||||
17,157,238 | ||||||||
|
|
|||||||
Semiconductors 2.4% |
||||||||
NXP B.V. / NXP Funding LLC / NXP USA, Inc. |
||||||||
3.40% due 5/1/2030(1) |
7,000,000 | 7,583,590 | ||||||
|
|
|||||||
7,583,590 | ||||||||
|
|
|||||||
Software 1.1% |
||||||||
Oracle Corp. |
||||||||
2.875% due 3/25/2031 |
1,600,000 | 1,648,832 | ||||||
3.95% due 3/25/2051 |
1,800,000 | 1,906,920 | ||||||
|
|
|||||||
3,555,752 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Telecommunications 3.7% |
| |||||||
AT&T, Inc. |
||||||||
3.50% due 9/15/2053 |
$ | 2,500,000 | $ | 2,475,400 | ||||
4.30% due 2/15/2030 |
1,150,000 | 1,320,177 | ||||||
Frontier Communications Holdings LLC |
||||||||
5.00% due 5/1/2028(1) |
2,000,000 | 2,099,860 | ||||||
Level 3 Financing, Inc. |
||||||||
4.625% due 9/15/2027(1) |
1,000,000 | 1,029,980 | ||||||
Sprint Corp. |
||||||||
7.625% due 3/1/2026 |
500,000 | 605,835 | ||||||
T-Mobile USA, Inc. |
||||||||
3.50% due 4/15/2031 |
2,990,000 | 3,155,706 | ||||||
4.75% due 2/1/2028 |
1,000,000 | 1,061,680 | ||||||
|
|
|||||||
11,748,638 | ||||||||
|
|
|||||||
Transportation 0.3% |
||||||||
Cargo Aircraft Management, Inc. |
||||||||
4.75% due 2/1/2028(1) |
800,000 | 827,096 | ||||||
|
|
|||||||
827,096 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
223,287,523 | ||||||
|
|
|||||||
NonAgency MortgageBacked Securities 5.8% |
||||||||
BANK |
||||||||
2019-BN24 AS |
||||||||
3.283% due 11/15/2062(2)(3) |
1,412,000 | 1,516,350 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(1) |
1,200,000 | 1,264,936 | ||||||
Benchmark Mortgage Trust |
||||||||
2019-B12 AS |
||||||||
3.419% due 8/15/2052 |
5,000,000 | 5,366,231 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2016-C3 AS |
||||||||
3.366% due 11/15/2049(2)(3) |
1,000,000 | 1,075,617 | ||||||
GS Mortgage Securities Trust |
||||||||
2017-FARM A |
||||||||
3.659% due 1/10/2043(1)(2)(3) |
1,300,000 | 1,413,155 | ||||||
Jackson Park Trust |
||||||||
2019-LIC B |
||||||||
2.914% due 10/14/2039(1) |
640,000 | 651,170 | ||||||
JPMCC Commercial Mortgage Securities Trust |
||||||||
2017-JP5 B |
||||||||
4.077% due 3/15/2050(2)(3) |
625,000 | 685,556 | ||||||
Morgan Stanley Capital I Trust |
||||||||
2020-L4 AS |
||||||||
2.88% due 2/15/2053 |
1,000,000 | 1,052,876 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK B |
||||||||
1.034% due 3/15/2036(1)(2)(3) |
1,000,000 | 999,865 | ||||||
SLG Office Trust |
||||||||
2021-OVA A |
||||||||
2.585% due 7/15/2041(1) |
1,600,000 | 1,652,570 | ||||||
Stack Infrastructure Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.877% due 3/26/2046(1) |
750,000 | 751,977 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2017-C42 B |
||||||||
4.002% due 12/15/2050(2)(3) |
500,000 | 545,131 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,500,000 | 1,608,208 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
|
18,583,642 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
U.S. Government Securities 8.0% |
| |||||||
U.S. Treasury Note |
||||||||
1.25% due 5/31/2028 |
$ | 1,400,000 | $ | 1,398,250 | ||||
1.50% due 9/30/2024 |
21,000,000 | 21,616,875 | ||||||
1.625% due 8/15/2029 |
100,000 | 101,891 | ||||||
1.625% due 5/15/2031 |
2,400,000 | 2,428,500 | ||||||
|
|
|||||||
Total U.S. Government Securities |
|
25,545,516 | ||||||
|
|
|||||||
Shares | Value | |||||||
ExchangeTraded Funds 9.6% |
||||||||
Invesco Senior Loan ETF |
690,000 | 15,255,900 | ||||||
SPDR Blackstone Senior Loan ETF |
333,000 | 15,324,660 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
|
30,580,560 | ||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 0.4% |
||||||||
Repurchase Agreements 0.4% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value |
$ | 1,331,857 | 1,331,857 | |||||
|
|
|||||||
Total Repurchase Agreements |
1,331,857 | |||||||
|
|
|||||||
Total
Investments(5) 99.2% |
316,910,846 | |||||||
|
|
|||||||
Assets in excess of other liabilities(6) 0.8% |
|
2,432,298 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 319,343,144 | |||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $94,382,746, representing 29.6% 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. |
(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, 2021. |
(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 |
1.25 | % | 6/30/2028 | $ | 1,358,400 | $ | 1,358,506 |
(5) | Securities are segregated to cover anticipated or existing derivative positions or to be announced securities (TBA). |
(6) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2021:
Type |
Expiration |
Contracts | Position |
Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||
U.S. 5-Year Treasury Note |
December 2021 | 406 | Long | $ | 50,200,678 | $ | 49,833,328 | $ | (367,350 | ) | ||||||||||
U.S. Long Bond |
December 2021 | 164 | Long | 26,861,020 | 26,111,875 | (749,145 | ) | |||||||||||||
U.S. Ultra Bond |
December 2021 | 128 | Long | 25,410,630 | 24,456,000 | (954,630 | ) | |||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | 102,472,328 | $ | 100,401,203 | $ (2,071,125) | |||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Type |
Expiration |
Contracts | Position |
Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||
U.S. 10-Year Treasury Note |
December 2021 | 365 | Short | $ | (48,498,888 | ) | $ | (48,037,422 | ) | $ | 461,466 | |||||||||
U.S. Ultra 10-Year Treasury Note |
December 2021 | 379 | Short | (56,272,418 | ) | (55,049,750 | ) | 1,222,668 | ||||||||||||
|
|
|
|
|
|
|||||||||||||||
Total |
$ | (104,771,306 | ) | $ | (103,087,172 | ) | $ | 1,684,134 | ||||||||||||
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN MULTI-SECTOR BOND VIP FUND
Legend:
CLO Collateralized Loan Obligation
H15T5Y 5-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 MULTI-SECTOR BOND VIP FUND
The following is a summary of the inputs used as of September 30, 2021 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 | ||||||||||||
AssetBacked Securities |
$ | | $ | 17,581,748 | $ | | $ | 17,581,748 | ||||||||
Corporate Bonds & Notes |
| 223,287,523 | | 223,287,523 | ||||||||||||
NonAgency MortgageBacked Securities |
| 18,583,642 | | 18,583,642 | ||||||||||||
U.S. Government Securities |
| 25,545,516 | | 25,545,516 | ||||||||||||
ExchangeTraded Funds |
30,580,560 | | | 30,580,560 | ||||||||||||
Repurchase Agreements |
| 1,331,857 | | 1,331,857 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 30,580,560 | $ | 286,330,286 | $ | | $ | 316,910,846 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 1,684,134 | $ | | $ | | $ | 1,684,134 | ||||||||
Liabilities |
(2,071,125 | ) | | | (2,071,125 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (386,991 | ) | $ | | $ | | $ | (386,991 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities 10.2% |
| |||||||
AIMCO CLO |
||||||||
2017-AA DR |
||||||||
3.284% (LIBOR 3 Month + 3.15%) due 4/20/2034(1)(2) |
$ | 2,000,000 | $ | 2,008,944 | ||||
AIMCO CLO 14 Ltd. |
||||||||
2021-14A D |
||||||||
3.098% (LIBOR 3 Month + 2.90%) due 4/20/2034(1)(2) |
2,200,000 | 2,196,654 | ||||||
Ares XXXIIR CLO Ltd. |
||||||||
2014-32RA B |
||||||||
1.925% (LIBOR 3 Month + 1.80%) due 5/15/2030(1)(2) |
1,200,000 | 1,191,120 | ||||||
Ares XXXIV CLO Ltd. |
||||||||
2015-2A BR2 |
||||||||
1.734% (LIBOR 3 Month + 1.60%) due 4/17/2033(1)(2) |
450,000 | 453,750 | ||||||
Battalion CLO XIX Ltd. |
||||||||
2021-19A D |
||||||||
3.376% (LIBOR 3 Month + 3.25%) due 4/15/2034(1)(2) |
2,200,000 | 2,196,682 | ||||||
Battalion CLO XX Ltd. |
||||||||
2021-20A D |
||||||||
3.238% (LIBOR 3 Month + 3.10%) due 7/15/2034(1)(2) |
2,000,000 | 1,983,268 | ||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/20/2030(1)(2) |
800,000 | 799,598 | ||||||
Carlyle U.S. CLO Ltd. |
||||||||
2017-3A BR |
||||||||
2.134% (LIBOR 3 Month + 2.00%) due 7/20/2029(1)(2) |
3,000,000 | 2,998,488 | ||||||
CIFC Funding Ltd. |
||||||||
2013-4A BRR |
||||||||
1.729% (LIBOR 3 Month + 1.60%) due 4/27/2031(1)(2) |
800,000 | 798,080 | ||||||
Commonbond Student Loan Trust |
||||||||
2021-AGS A |
||||||||
1.20% due 3/25/2052(1) |
1,402,176 | 1,395,174 | ||||||
Elmwood CLO IX Ltd. |
||||||||
2021-2A C |
||||||||
2.039% (LIBOR 3 Month + 1.90%) due 7/20/2034(1)(2) |
3,000,000 | 2,998,491 | ||||||
Greywolf CLO II Ltd. |
||||||||
2013-1A C2RR |
||||||||
4.326% (LIBOR 3 Month + 4.20%) due 4/15/2034(1)(2) |
2,700,000 | 2,695,915 | ||||||
ICG U.S. CLO Ltd. |
||||||||
2018-2A B |
||||||||
1.888% (LIBOR 3 Month + 1.75%) due 7/22/2031(1)(2) |
2,500,000 | 2,496,260 | ||||||
Neuberger Berman CLO XVI-S Ltd. |
||||||||
2017-16SA BR |
||||||||
1.526% (LIBOR 3 Month + 1.40%) due 4/15/2034(1)(2) |
1,000,000 | 999,498 | ||||||
Neuberger Berman CLO XVII Ltd. |
||||||||
2014-17A BR2 |
||||||||
1.638% (LIBOR 3 Month + 1.50%) due 4/22/2029(1)(2) |
1,100,000 | 1,096,920 | ||||||
Octagon Loan Funding Ltd. |
||||||||
2014-1A CRR |
||||||||
2.325% (LIBOR 3 Month + 2.20%) due 11/18/2031(1)(2) |
3,200,000 | 3,189,440 | ||||||
OHA Credit Funding 3 Ltd. |
||||||||
2019-3A CR |
||||||||
2.098% (LIBOR 3 Month + 1.95%) due 7/2/2035(1)(2) |
3,000,000 | 2,998,485 | ||||||
Riserva CLO Ltd. |
||||||||
2016-3A CRR |
||||||||
1.934% (LIBOR 3 Month + 1.80%) due 1/18/2034(1)(2) |
3,000,000 | 2,912,700 | ||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/18/2031(1)(2) |
955,000 | 952,708 | ||||||
|
|
|||||||
Total AssetBacked Securities |
|
36,362,175 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes 63.7% |
| |||||||
Aerospace & Defense 1.9% |
| |||||||
Northrop Grumman Corp. |
||||||||
4.40% due 5/1/2030 |
$ | 1,400,000 | $ | 1,636,628 | ||||
5.25% due 5/1/2050 |
800,000 | 1,115,200 | ||||||
The Boeing Co. |
||||||||
3.75% due 2/1/2050 |
300,000 | 304,155 | ||||||
5.15% due 5/1/2030 |
3,250,000 | 3,815,760 | ||||||
|
|
|||||||
6,871,743 | ||||||||
|
|
|||||||
Agriculture 1.3% |
||||||||
Altria Group, Inc. |
||||||||
2.45% due 2/4/2032 |
4,750,000 | 4,570,830 | ||||||
|
|
|||||||
4,570,830 | ||||||||
|
|
|||||||
Airlines 0.6% |
||||||||
American Airlines, Inc. |
||||||||
11.75% due 7/15/2025(1) |
1,700,000 | 2,102,985 | ||||||
|
|
|||||||
2,102,985 | ||||||||
|
|
|||||||
Auto Manufacturers 2.9% |
||||||||
Ford Motor Co. |
||||||||
9.625% due 4/22/2030 |
875,000 | 1,240,951 | ||||||
Ford Motor Credit Co. LLC |
||||||||
4.00% due 11/13/2030 |
1,650,000 | 1,715,835 | ||||||
4.125% due 8/17/2027 |
1,000,000 | 1,060,800 | ||||||
General Motors Co. |
||||||||
5.95% due 4/1/2049 |
150,000 | 198,297 | ||||||
General Motors Financial Co., Inc. |
||||||||
3.60% due 6/21/2030 |
4,900,000 | 5,249,125 | ||||||
Nissan Motor Co. Ltd. |
||||||||
4.81% due 9/17/2030(1) |
900,000 | 1,012,869 | ||||||
|
|
|||||||
10,477,877 | ||||||||
|
|
|||||||
Beverages 2.5% |
||||||||
Becle S.A.B. de C.V. |
||||||||
2.50% due 10/14/2031(1) |
2,300,000 | 2,276,448 | ||||||
Constellation Brands, Inc. |
||||||||
2.875% due 5/1/2030 |
6,250,000 | 6,501,375 | ||||||
|
|
|||||||
8,777,823 | ||||||||
|
|
|||||||
Building Materials 0.5% |
||||||||
Cornerstone Building Brands, Inc. |
||||||||
6.125% due 1/15/2029(1) |
1,500,000 | 1,594,515 | ||||||
|
|
|||||||
1,594,515 | ||||||||
|
|
|||||||
Chemicals 1.4% |
||||||||
Nutrien Ltd. |
||||||||
2.95% due 5/13/2030 |
4,600,000 | 4,856,128 | ||||||
|
|
|||||||
4,856,128 | ||||||||
|
|
|||||||
Commercial Banks 7.6% |
||||||||
Bank of America Corp. |
||||||||
2.687% (2.687% fixed rate until 4/22/2031; SOFR + 1.32% thereafter) due 4/22/2032(2) |
3,600,000 | 3,674,988 | ||||||
2.831% (2.831% fixed rate until 10/24/2050; SOFR + 1.88% thereafter) due 10/24/2051(2) |
1,300,000 | 1,250,275 | ||||||
Credit Suisse Group AG |
||||||||
3.869% (3.869% fixed rate until 1/12/2028; LIBOR 3 Month + 1.41% thereafter) due 1/12/2029(1)(2) |
6,900,000 | 7,531,626 | ||||||
Discover Bank |
||||||||
2.70% due 2/6/2030 |
5,300,000 | 5,496,365 | ||||||
Huntington Bancshares, Inc. |
||||||||
2.487% (2.487% fixed rate until 8/15/2031; H15T5Y + 1.17% thereafter) due 8/15/2036(1)(2) |
2,500,000 | 2,463,325 | ||||||
Morgan Stanley |
||||||||
1.928% (1.928% fixed rate until 4/28/2021; SOFR + 1.02% thereafter) due 4/28/2032(2) |
3,500,000 | 3,359,685 | ||||||
2.484% (2.484% fixed rate until 9/16/2031; SOFR + 1.36% thereafter) due 9/16/2036(2) |
2,500,000 | 2,445,325 | ||||||
3.217% (3.217% fixed rate until 4/22/2041; SOFR + 1.49% thereafter) due 4/22/2042(2) |
800,000 | 836,432 | ||||||
|
|
|||||||
27,058,021 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Commercial Services 0.1% |
||||||||
Team Health Holdings, Inc. |
||||||||
6.375% due 2/1/2025(1) |
$ | 500,000 | $ | 482,845 | ||||
|
|
|||||||
482,845 | ||||||||
|
|
|||||||
Diversified Financial Services 2.7% |
||||||||
Air Lease Corp. |
||||||||
4.625% due 10/1/2028 |
5,400,000 | 6,075,054 | ||||||
Jefferies Group LLC / Jefferies Group Capital Finance, Inc. |
||||||||
4.15% due 1/23/2030 |
3,100,000 | 3,483,749 | ||||||
|
|
|||||||
9,558,803 | ||||||||
|
|
|||||||
Entertainment 0.6% |
||||||||
Affinity Gaming |
||||||||
6.875% due 12/15/2027(1) |
1,500,000 | 1,576,560 | ||||||
Premier Entertainment Sub LLC / Premier Entertainment Finance Corp. |
||||||||
5.625% due 9/1/2029(1) |
200,000 | 202,218 | ||||||
5.875% due 9/1/2031(1) |
400,000 | 404,008 | ||||||
|
|
|||||||
2,182,786 | ||||||||
|
|
|||||||
Environmental Control 1.1% |
||||||||
Waste Connections, Inc. |
||||||||
2.60% due 2/1/2030 |
3,000,000 | 3,092,070 | ||||||
3.05% due 4/1/2050 |
750,000 | 746,318 | ||||||
|
|
|||||||
3,838,388 | ||||||||
|
|
|||||||
Food 3.0% |
||||||||
General Mills, Inc. |
||||||||
2.875% due 4/15/2030 |
4,000,000 | 4,209,640 | ||||||
Kraft Heinz Foods Co. |
||||||||
4.25% due 3/1/2031 |
1,900,000 | 2,145,100 | ||||||
Post Holdings, Inc. |
||||||||
5.75% due 3/1/2027(1) |
1,000,000 | 1,038,990 | ||||||
The Kroger Co. |
||||||||
1.70% due 1/15/2031 |
3,500,000 | 3,342,285 | ||||||
|
|
|||||||
10,736,015 | ||||||||
|
|
|||||||
Food Service 0.5% |
||||||||
Aramark Services, Inc. |
||||||||
6.375% due 5/1/2025(1) |
1,650,000 | 1,736,972 | ||||||
|
|
|||||||
1,736,972 | ||||||||
|
|
|||||||
Healthcare-Products 0.3% |
||||||||
Mozart Debt Merger Sub, Inc. |
||||||||
3.875% due 4/1/2029(1) |
800,000 | 800,000 | ||||||
5.25% due 10/1/2029(1) |
175,000 | 175,000 | ||||||
|
|
|||||||
975,000 | ||||||||
|
|
|||||||
Healthcare-Services 0.2% |
||||||||
Surgery Center Holdings, Inc. |
||||||||
10.00% due 4/15/2027(1) |
650,000 | 703,307 | ||||||
|
|
|||||||
703,307 | ||||||||
|
|
|||||||
Home Builders 0.8% |
||||||||
NVR, Inc. |
||||||||
3.00% due 5/15/2030 |
2,800,000 | 2,925,776 | ||||||
|
|
|||||||
2,925,776 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Housewares 0.3% |
| |||||||
SWF Escrow Issuer Corp. |
||||||||
6.50% due 10/1/2029(1) |
$ | 1,000,000 | $ | 972,140 | ||||
|
|
|||||||
972,140 | ||||||||
|
|
|||||||
Insurance 3.5% |
||||||||
Aon Corp. |
||||||||
2.80% due 5/15/2030 |
1,740,000 | 1,818,613 | ||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
4,900,000 | 4,637,654 | ||||||
CNA Financial Corp. |
||||||||
2.05% due 8/15/2030 |
4,705,000 | 4,617,299 | ||||||
Liberty Mutual Group, Inc. |
||||||||
3.951% due 10/15/2050(1) |
1,250,000 | 1,396,100 | ||||||
|
|
|||||||
12,469,666 | ||||||||
|
|
|||||||
Internet 1.0% |
||||||||
Expedia Group, Inc. |
||||||||
2.95% due 3/15/2031 |
3,500,000 | 3,545,360 | ||||||
|
|
|||||||
3,545,360 | ||||||||
|
|
|||||||
Iron & Steel 0.8% |
||||||||
Vale Overseas Ltd. |
||||||||
3.75% due 7/8/2030 |
2,600,000 | 2,693,470 | ||||||
|
|
|||||||
2,693,470 | ||||||||
|
|
|||||||
Leisure Time 0.4% |
||||||||
Viking Cruises Ltd. |
||||||||
13.00% due 5/15/2025(1) |
1,365,000 | 1,572,862 | ||||||
|
|
|||||||
1,572,862 | ||||||||
|
|
|||||||
Lodging 1.8% |
||||||||
Boyd Gaming Corp. |
||||||||
4.75% due 12/1/2027 |
500,000 | 516,225 | ||||||
Marriott International, Inc. |
||||||||
2.85% due 4/15/2031 |
4,050,000 | 4,088,394 | ||||||
MGM Resorts International |
||||||||
5.50% due 4/15/2027 |
1,650,000 | 1,794,688 | ||||||
|
|
|||||||
6,399,307 | ||||||||
|
|
|||||||
Machinery-Construction & Mining 1.4% |
||||||||
Caterpillar, Inc. |
||||||||
1.90% due 3/12/2031 |
3,560,000 | 3,541,417 | ||||||
3.25% due 4/9/2050 |
1,300,000 | 1,414,153 | ||||||
|
|
|||||||
4,955,570 | ||||||||
|
|
|||||||
Media 5.2% |
||||||||
AMC Networks, Inc. |
||||||||
4.25% due 2/15/2029 |
2,000,000 | 1,990,420 | ||||||
Audacy Capital Corp. |
||||||||
6.75% due 3/31/2029(1) |
500,000 | 504,090 | ||||||
Charter Communications Operating LLC / Charter Communications Operating Capital |
||||||||
2.30% due 2/1/2032 |
3,500,000 | 3,335,430 | ||||||
3.75% due 2/15/2028 |
1,800,000 | 1,970,820 | ||||||
Comcast Corp. |
||||||||
2.45% due 8/15/2052 |
1,925,000 | 1,700,333 | ||||||
CSC Holdings LLC |
||||||||
7.50% due 4/1/2028(1) |
1,500,000 | 1,621,995 | ||||||
Discovery Communications LLC |
||||||||
3.625% due 5/15/2030 |
2,450,000 | 2,658,691 | ||||||
iHeartCommunications, Inc. |
||||||||
5.25% due 8/15/2027(1) |
1,900,000 | 1,975,962 | ||||||
Scripps Escrow, Inc. |
||||||||
5.875% due 7/15/2027(1) |
325,000 | 333,115 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Media (continued) |
| |||||||
Sinclair Television Group, Inc. |
||||||||
5.50% due 3/1/2030(1) |
$ | 1,750,000 | $ | 1,735,300 | ||||
Sirius XM Radio, Inc. |
||||||||
5.50% due 7/1/2029(1) |
500,000 | 541,950 | ||||||
Univision Communications, Inc. |
||||||||
4.50% due 5/1/2029(1) |
200,000 | 203,658 | ||||||
|
|
|||||||
18,571,764 | ||||||||
|
|
|||||||
Mining 0.2% |
||||||||
Freeport-McMoRan, Inc. |
||||||||
5.45% due 3/15/2043 |
600,000 | 738,318 | ||||||
|
|
|||||||
738,318 | ||||||||
|
|
|||||||
Oil & Gas 3.3% |
||||||||
Antero Resources Corp. |
||||||||
8.375% due 7/15/2026(1) |
1,580,000 | 1,789,634 | ||||||
Cenovus Energy, Inc. |
||||||||
2.65% due 1/15/2032 |
900,000 | 883,827 | ||||||
4.25% due 4/15/2027 |
640,000 | 711,456 | ||||||
5.40% due 6/15/2047 |
750,000 | 923,055 | ||||||
Hess Corp. |
||||||||
4.30% due 4/1/2027 |
6,800,000 | 7,543,920 | ||||||
|
|
|||||||
11,851,892 | ||||||||
|
|
|||||||
Oil & Gas Services 0.1% |
||||||||
TechnipFMC PLC |
||||||||
6.50% due 2/1/2026(1) |
300,000 | 321,762 | ||||||
|
|
|||||||
321,762 | ||||||||
|
|
|||||||
Packaging & Containers 1.3% |
||||||||
Amcor Flexibles North America, Inc. |
||||||||
2.69% due 5/25/2031 |
4,600,000 | 4,711,274 | ||||||
|
|
|||||||
4,711,274 | ||||||||
|
|
|||||||
Pharmaceuticals 1.2% |
||||||||
AbbVie, Inc. |
||||||||
4.25% due 11/21/2049 |
2,150,000 | 2,545,557 | ||||||
Bausch Health Cos., Inc. |
||||||||
5.25% due 1/30/2030(1) |
500,000 | 466,135 | ||||||
6.125% due 4/15/2025(1) |
1,345,000 | 1,373,796 | ||||||
|
|
|||||||
4,385,488 | ||||||||
|
|
|||||||
Pipelines 2.7% |
||||||||
Kinder Morgan, Inc. |
||||||||
4.30% due 3/1/2028 |
2,600,000 | 2,947,594 | ||||||
ONEOK, Inc. |
||||||||
3.40% due 9/1/2029 |
1,500,000 | 1,593,660 | ||||||
4.00% due 7/13/2027 |
2,100,000 | 2,325,204 | ||||||
4.45% due 9/1/2049 |
500,000 | 556,285 | ||||||
The Williams Cos., Inc. |
||||||||
2.60% due 3/15/2031 |
1,900,000 | 1,926,600 | ||||||
4.85% due 3/1/2048 |
300,000 | 366,678 | ||||||
|
|
|||||||
9,716,021 | ||||||||
|
|
|||||||
Real Estate Investment Trusts 1.8% |
||||||||
American Tower Corp. |
||||||||
2.95% due 1/15/2051 |
900,000 | 849,978 | ||||||
Simon Property Group LP |
||||||||
2.20% due 2/1/2031 |
5,500,000 | 5,412,825 | ||||||
|
|
|||||||
6,262,803 | ||||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Corporate Bonds & Notes (continued) |
| |||||||
Retail 3.1% |
| |||||||
Kohls Corp. |
||||||||
5.55% due 7/17/2045 |
$ | 1,050,000 | $ | 1,249,909 | ||||
Lowes Cos., Inc. |
||||||||
2.625% due 4/1/2031 |
3,800,000 | 3,902,106 | ||||||
3.00% due 10/15/2050 |
750,000 | 730,568 | ||||||
PetSmart, Inc. / PetSmart Finance Corp. |
||||||||
7.75% due 2/15/2029(1) |
1,500,000 | 1,635,840 | ||||||
Ross Stores, Inc. |
||||||||
1.875% due 4/15/2031 |
3,200,000 | 3,087,168 | ||||||
The Michaels Cos., Inc. |
||||||||
7.875% due 5/1/2029(1) |
500,000 | 518,510 | ||||||
|
|
|||||||
11,124,101 | ||||||||
|
|
|||||||
Semiconductors 2.8% |
||||||||
KLA Corp. |
||||||||
4.10% due 3/15/2029 |
3,600,000 | 4,098,888 | ||||||
NXP B.V. / NXP Funding LLC / NXP USA, Inc. |
||||||||
3.40% due 5/1/2030(1) |
900,000 | 975,033 | ||||||
4.30% due 6/18/2029(1) |
4,300,000 | 4,881,317 | ||||||
|
|
|||||||
9,955,238 | ||||||||
|
|
|||||||
Software 0.8% |
||||||||
Oracle Corp. |
||||||||
2.875% due 3/25/2031 |
1,100,000 | 1,133,572 | ||||||
3.95% due 3/25/2051 |
1,500,000 | 1,589,100 | ||||||
|
|
|||||||
2,722,672 | ||||||||
|
|
|||||||
Telecommunications 3.8% |
||||||||
AT&T, Inc. |
||||||||
3.50% due 9/15/2053 |
2,500,000 | 2,475,400 | ||||||
4.30% due 2/15/2030 |
3,500,000 | 4,017,930 | ||||||
Level 3 Financing, Inc. |
||||||||
4.625% due 9/15/2027(1) |
1,000,000 | 1,029,980 | ||||||
Sprint Corp. |
||||||||
7.625% due 3/1/2026 |
500,000 | 605,835 | ||||||
T-Mobile USA, Inc. |
||||||||
4.75% due 2/1/2028 |
1,650,000 | 1,751,772 | ||||||
Vodafone Group PLC |
||||||||
4.375% due 5/30/2028 |
3,150,000 | 3,618,468 | ||||||
|
|
|||||||
13,499,385 | ||||||||
|
|
|||||||
Transportation 0.2% |
||||||||
Cargo Aircraft Management, Inc. |
||||||||
4.75% due 2/1/2028(1) |
800,000 | 827,096 | ||||||
|
|
|||||||
827,096 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
226,746,003 | ||||||
|
|
|||||||
NonAgency MortgageBacked Securities 6.7% |
||||||||
BANK |
||||||||
2019-BN24 AS |
||||||||
3.283% due 11/15/2062(2)(3) |
1,413,000 | 1,517,424 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(1) |
2,500,000 | 2,635,284 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
2014-GC21 A5 |
||||||||
3.855% due 5/10/2047 |
1,330,000 | 1,425,197 | ||||||
2016-C3 AS |
||||||||
3.366% due 11/15/2049(2)(3) |
1,125,000 | 1,210,069 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
NonAgency MortgageBacked Securities (continued) |
| |||||||
Grace Trust |
||||||||
2020-GRCE C |
||||||||
2.769% due 12/10/2040(1)(2)(3) |
$ | 1,100,000 | $ | 1,107,805 | ||||
GS Mortgage Securities Corp. II |
||||||||
2005-ROCK A |
||||||||
5.366% due 5/3/2032(1) |
1,800,000 | 2,032,533 | ||||||
GS Mortgage Securities Trust |
||||||||
2013-GC16 A4 |
||||||||
4.271% due 11/10/2046 |
750,000 | 799,830 | ||||||
2017-FARM A |
||||||||
3.659% due 1/10/2043(1)(2)(3) |
1,200,000 | 1,304,450 | ||||||
Jackson Park Trust |
||||||||
2019-LIC B |
||||||||
2.914% due 10/14/2039(1) |
680,000 | 691,868 | ||||||
JPMCC Commercial Mortgage Securities Trust |
||||||||
2017-JP5 B |
||||||||
4.077% due 3/15/2050(2)(3) |
675,000 | 740,400 | ||||||
Life Mortgage Trust |
||||||||
2021-BMR C |
||||||||
1.184% due 3/15/2038(1)(2)(3) |
1,500,000 | 1,501,458 | ||||||
Morgan Stanley Capital I Trust |
||||||||
2020-L4 AS |
||||||||
2.88% due 2/15/2053 |
750,000 | 789,657 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK B |
||||||||
1.034% due 3/15/2036(1)(2)(3) |
1,500,000 | 1,499,798 | ||||||
SLG Office Trust |
||||||||
2021-OVA A |
||||||||
2.585% due 7/15/2041(1) |
1,800,000 | 1,859,141 | ||||||
Stack Infrastructure Issuer LLC |
||||||||
2021-1A A2 |
||||||||
1.877% due 3/26/2046(1) |
1,250,000 | 1,253,295 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2017-C42 B |
||||||||
4.002% due 12/15/2050(2)(3) |
500,000 | 545,131 | ||||||
2021-SAVE A |
||||||||
1.234% due 2/15/2040(1)(2)(3) |
1,181,728 | 1,188,372 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,500,000 | 1,608,208 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
|
23,709,920 | ||||||
|
|
|||||||
U.S. Government Agencies 1.9% |
||||||||
Federal Farm Credit Banks Funding Corp. |
||||||||
1.60% due 1/21/2022 |
6,750,000 | 6,780,173 | ||||||
|
|
|||||||
Total U.S. Government Agencies |
|
6,780,173 | ||||||
|
|
|||||||
U.S. Government Securities 11.2% |
||||||||
U.S. Treasury Bond |
||||||||
2.25% due 8/15/2049 |
5,900,000 | 6,117,562 | ||||||
U.S. Treasury Note |
||||||||
0.25% due 10/31/2025 |
4,500,000 | 4,397,344 | ||||||
0.375% due 1/31/2026 |
2,000,000 | 1,957,188 | ||||||
0.625% due 5/15/2030 |
700,000 | 653,625 | ||||||
0.875% due 11/15/2030 |
2,200,000 | 2,088,625 | ||||||
1.25% due 5/31/2028 |
1,600,000 | 1,598,000 | ||||||
1.50% due 9/30/2024 |
18,950,000 | 19,506,656 | ||||||
1.625% due 5/15/2031 |
3,580,000 | 3,622,513 | ||||||
|
|
|||||||
Total U.S. Government Securities |
|
39,941,513 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN TOTAL RETURN BOND VIP FUND
September 30, 2021 (unaudited) |
Shares | Value | ||||||
ExchangeTraded Funds 5.3% |
| |||||||
Invesco Senior Loan ETF |
423,000 | $ | 9,352,530 | |||||
SPDR Blackstone Senior Loan ETF |
206,000 | 9,480,120 | ||||||
|
|
|||||||
Total ExchangeTraded Funds |
18,832,650 | |||||||
|
|
|||||||
Principal Amount |
Value | |||||||
ShortTerm Investment 0.7% |
||||||||
Repurchase Agreements 0.7% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of $2,655,755, due 10/1/2021(4) |
$ | 2,655,755 | 2,655,755 | |||||
|
|
|||||||
Total Repurchase Agreements |
2,655,755 | |||||||
|
|
|||||||
Total Investments(5) 99.7% |
|
355,028,189 | ||||||
|
|
|||||||
Assets in excess of other liabilities(6) 0.3% |
|
1,059,306 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 356,087,495 | |||||
|
|
(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, 2021, the aggregate market value of these securities amounted to $100,214,122, representing 28.1% 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, 2021. |
(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 |
1.25 | % | 6/30/2028 | $ | 2,708,700 | $ | 2,708,911 |
(5) | Securities are segregated to cover anticipated or existing derivative positions or to be announced securities (TBA). |
(6) | Assets in excess of other liabilities include net unrealized depreciation on futures contracts as follows: |
Open futures contracts at September 30, 2021:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2021 | 202 | Long | $ | 44,477,705 | $ | 44,451,047 | $ | (26,658 | ) | ||||||||||||||
U.S. 5-Year Treasury Note |
December 2021 | 117 | Long | 14,443,126 | 14,360,836 | (82,290 | ) | |||||||||||||||||
U.S. Long Bond |
December 2021 | 319 | Long | 52,426,599 | 50,790,781 | (1,635,818 | ) | |||||||||||||||||
U.S. Ultra Bond |
December 2021 | 84 | Long | 16,732,635 | 16,049,250 | (683,385 | ) | |||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
$ | 128,080,065 | $ | 125,651,914 | $ | (2,428,151 | ) | |||||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Appreciation |
||||||||||||||||||
U.S. 10-Year Treasury Note |
December 2021 | 146 | Short | $ | (19,433,055 | ) | $ | (19,214,969 | ) | $ | 218,086 | |||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2021 | 588 | Short | (87,282,629 | ) | (85,407,000 | ) | 1,875,629 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
$ | (106,715,684 | ) | $ | (104,621,969 | ) | $ | 2,093,715 | ||||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
H15T5Y 5-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 TOTAL RETURN BOND VIP FUND
The following is a summary of the inputs used as of September 30, 2021 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 | ||||||||||||
AssetBacked Securities |
$ | | $ | 36,362,175 | $ | | $ | 36,362,175 | ||||||||
Corporate Bonds & Notes |
| 226,746,003 | | 226,746,003 | ||||||||||||
NonAgency MortgageBacked Securities |
| 23,709,920 | | 23,709,920 | ||||||||||||
U.S. Government Agencies |
| 6,780,173 | | 6,780,173 | ||||||||||||
U.S. Government Securities |
| 39,941,513 | | 39,941,513 | ||||||||||||
ExchangeTraded Funds |
18,832,650 | | | 18,832,650 | ||||||||||||
Repurchase Agreements |
| 2,655,755 | | 2,655,755 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 18,832,650 | $ | 336,195,539 | $ | | $ | 355,028,189 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 2,093,715 | $ | | $ | | $ | 2,093,715 | ||||||||
Liabilities |
(2,428,151 | ) | | | (2,428,151 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | (334,436 | ) | $ | | $ | | $ | (334,436 | ) | ||||||
|
|
|
|
|
|
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
Agency MortgageBacked Securities 38.2% |
| |||||||
Fannie Mae ACES |
||||||||
2015-M17 A2 |
||||||||
2.982% due 11/25/2025(1)(2) |
$ | 2,330,650 | $ | 2,476,972 | ||||
2016-M11 A2 |
||||||||
2.369% due 7/25/2026(1)(2) |
4,500,000 | 4,735,508 | ||||||
2019-M4 A2 |
||||||||
3.61% due 2/25/2031 |
14,764,000 | 17,084,629 | ||||||
2021-M4 A2 |
||||||||
1.515% due 2/25/2031(1)(2) |
5,000,000 | 4,922,155 | ||||||
Freddie Mac Multifamily Structured Pass-Through Certificates |
||||||||
K026 A2 |
||||||||
2.51% due 11/25/2022 |
2,865,000 | 2,921,002 | ||||||
K030 A2 |
||||||||
3.25% due 4/25/2023(1)(2) |
5,000,000 | 5,173,715 | ||||||
K032 A2 |
||||||||
3.31% due 5/25/2023(1)(2) |
2,490,000 | 2,595,268 | ||||||
K035 A2 |
||||||||
3.458% due 8/25/2023(1)(2) |
4,000,000 | 4,196,007 | ||||||
K048 A2 |
||||||||
3.284% due 6/25/2025(1)(2) |
2,045,000 | 2,207,816 | ||||||
K053 A2 |
||||||||
2.995% due 12/25/2025 |
2,225,000 | 2,393,556 | ||||||
K058 A2 |
||||||||
2.653% due 8/25/2026 |
1,500,000 | 1,602,633 | ||||||
K063 A2 |
||||||||
3.43% due 1/25/2027(1)(2) |
946,945 | 1,048,161 | ||||||
K064 A2 |
||||||||
3.224% due 3/25/2027 |
5,500,000 | 6,043,445 | ||||||
K065 A2 |
||||||||
3.243% due 4/25/2027 |
1,300,000 | 1,431,264 | ||||||
K066 A2 |
||||||||
3.117% due 6/25/2027 |
6,000,000 | 6,572,711 | ||||||
K073 A2 |
||||||||
3.35% due 1/25/2028 |
4,277,000 | 4,762,964 | ||||||
K075 A2 |
||||||||
3.65% due 2/25/2028(1)(2) |
4,000,000 | 4,528,954 | ||||||
K082 A2 |
||||||||
3.92% due 9/25/2028(1)(2) |
2,385,000 | 2,759,249 | ||||||
K083 A2 |
||||||||
4.05% due 9/25/2028(1)(2) |
7,000,000 | 8,142,256 | ||||||
K099 A2 |
||||||||
2.595% due 9/25/2029 |
6,000,000 | 6,436,348 | ||||||
K124 A2 |
||||||||
1.658% due 12/25/2030 |
4,200,000 | 4,205,983 | ||||||
K730 A2 |
||||||||
3.59% due 1/25/2025(1)(2) |
3,878,310 | 4,170,140 | ||||||
K740 A2 |
||||||||
1.47% due 9/25/2027 |
5,000,000 | 5,047,953 | ||||||
|
|
|||||||
Total Agency MortgageBacked Securities |
|
105,458,689 | ||||||
|
|
|||||||
AssetBacked Securities 1.7% |
||||||||
BlueMountain CLO Ltd. |
||||||||
2014-2A BR2 |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/20/2030(2)(3) |
600,000 | 599,698 | ||||||
Enterprise Fleet Financing LLC |
||||||||
2020-1 A2 |
||||||||
1.78% due 12/22/2025(3) |
1,250,505 | 1,264,030 | ||||||
Hyundai Auto Lease Securitization Trust |
||||||||
2021-A B |
||||||||
0.61% due 10/15/2025(3) |
2,000,000 | 2,002,143 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
AssetBacked Securities (continued) |
| |||||||
Voya CLO Ltd. |
||||||||
2016-3A A3R |
||||||||
1.884% (LIBOR 3 Month + 1.75%) due 10/18/2031(2)(3) |
$ | 925,000 | $ | 922,780 | ||||
|
|
|||||||
Total AssetBacked Securities |
|
4,788,651 | ||||||
|
|
|||||||
Corporate Bonds & Notes 6.8% |
||||||||
Apparel 1.1% |
||||||||
NIKE, Inc. |
||||||||
2.85% due 3/27/2030 |
2,810,000 | 3,021,565 | ||||||
|
|
|||||||
3,021,565 | ||||||||
|
|
|||||||
Auto Manufacturers 0.6% |
||||||||
Cummins, Inc. |
||||||||
1.50% due 9/1/2030 |
1,690,000 | 1,613,849 | ||||||
|
|
|||||||
1,613,849 | ||||||||
|
|
|||||||
Commercial Banks 1.8% |
||||||||
Bank of America Corp. |
||||||||
1.898% (1.898% fixed rate until 7/23/2030; SOFR + 1.53% thereafter) due 7/23/2031(2) |
2,250,000 | 2,165,580 | ||||||
JPMorgan Chase & Co. |
||||||||
1.764% (1.764% fixed rate until 11/19/2030; SOFR + 1.105% thereafter) due 11/19/2031(2) |
2,810,000 | 2,683,466 | ||||||
|
|
|||||||
4,849,046 | ||||||||
|
|
|||||||
Healthcare-Services 0.6% |
||||||||
UnitedHealth Group, Inc. |
||||||||
2.00% due 5/15/2030 |
1,690,000 | 1,695,053 | ||||||
|
|
|||||||
1,695,053 | ||||||||
|
|
|||||||
Insurance 0.5% |
||||||||
Chubb INA Holdings, Inc. |
||||||||
1.375% due 9/15/2030 |
1,300,000 | 1,230,398 | ||||||
|
|
|||||||
1,230,398 | ||||||||
|
|
|||||||
Oil & Gas 0.6% |
||||||||
BP Capital Markets America, Inc. |
||||||||
1.749% due 8/10/2030 |
1,690,000 | 1,643,559 | ||||||
|
|
|||||||
1,643,559 | ||||||||
|
|
|||||||
Retail 0.7% |
||||||||
Target Corp. |
||||||||
2.35% due 2/15/2030 |
1,970,000 | 2,038,674 | ||||||
|
|
|||||||
2,038,674 | ||||||||
|
|
|||||||
Software 0.9% |
||||||||
Microsoft Corp. |
||||||||
3.50% due 2/12/2035 |
2,250,000 | 2,593,732 | ||||||
|
|
|||||||
2,593,732 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes |
|
18,685,876 | ||||||
|
|
|||||||
NonAgency MortgageBacked Securities 11.4% |
||||||||
BAMLL Commercial Mortgage Securities Trust |
||||||||
2015-200P A |
||||||||
3.218% due 4/14/2033(3) |
1,450,000 | 1,537,281 | ||||||
BB-UBS Trust |
||||||||
2012-SHOW A |
||||||||
3.43% due 11/5/2036(3) |
1,000,000 | 1,054,113 | ||||||
CGRBS Commercial Mortgage Trust |
||||||||
2013-VN05 A |
||||||||
3.369% due 3/13/2035(3) |
2,000,000 | 2,056,013 |
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
NonAgency MortgageBacked Securities (continued) |
| |||||||
2013-VN05 B |
||||||||
3.704% due 3/13/2035(1)(2)(3) |
$ | 6,500,000 | $ | 6,697,884 | ||||
Citigroup Commercial Mortgage Trust |
||||||||
2014-GC21 A5 |
||||||||
3.855% due 5/10/2047 |
1,700,000 | 1,821,680 | ||||||
Commercial Mortgage Trust |
||||||||
2013-WWP B |
||||||||
3.726% due 3/10/2031(3) |
3,075,000 | 3,196,305 | ||||||
2013-WWP C |
||||||||
3.544% due 3/10/2031(3) |
1,500,000 | 1,556,029 | ||||||
2013-WWP D |
||||||||
3.898% due 3/10/2031(3) |
1,397,000 | 1,454,895 | ||||||
2014-UBS3 A4 |
||||||||
3.819% due 6/10/2047 |
1,550,000 | 1,661,444 | ||||||
2015-CR23 A4 |
||||||||
3.497% due 5/10/2048 |
2,500,000 | 2,699,294 | ||||||
GS Mortgage Securities Corp. II |
||||||||
2005-ROCK A |
||||||||
5.366% due 5/3/2032(3) |
1,700,000 | 1,919,614 | ||||||
GS Mortgage Securities Trust |
||||||||
2013-GC16 A4 |
||||||||
4.271% due 11/10/2046 |
1,410,000 | 1,503,680 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
||||||||
2012-C6 A3 |
||||||||
3.507% due 5/15/2045 |
961,031 | 973,205 | ||||||
ONE Park Mortgage Trust |
||||||||
2021-PARK A |
||||||||
0.784% due 3/15/2036(1)(2)(3) |
1,500,000 | 1,499,545 | ||||||
Wells Fargo Commercial Mortgage Trust |
||||||||
2021-SAVE A |
||||||||
1.234% due 2/15/2040(1)(2)(3) |
636,315 | 639,893 | ||||||
WFRBS Commercial Mortgage Trust |
||||||||
2014-C19 AS |
||||||||
4.271% due 3/15/2047 |
1,000,000 | 1,072,139 | ||||||
|
|
|||||||
Total NonAgency MortgageBacked Securities |
|
31,343,014 | ||||||
|
|
|||||||
U.S. Government Agencies 13.1% |
||||||||
Federal Farm Credit Banks Funding Corp. |
||||||||
1.625% due 12/27/2021 |
6,750,000 | 6,774,503 | ||||||
1.60% due 1/21/2022 |
6,750,000 | 6,780,172 | ||||||
1.21% due 3/3/2025 |
5,000,000 | 5,081,800 | ||||||
0.50% due 7/2/2025 |
4,100,000 | 4,069,168 | ||||||
Federal Home Loan Banks |
||||||||
0.875% due 6/12/2026 |
3,000,000 | 2,990,220 | ||||||
1.25% due 6/9/2028 |
5,500,000 | 5,455,340 | ||||||
2.50% due 12/9/2022 |
5,000,000 | 5,137,600 | ||||||
|
|
|||||||
Total U.S. Government Agencies |
|
36,288,803 | ||||||
|
|
|||||||
U.S. Government Securities 27.8% |
||||||||
U.S. Treasury Note |
||||||||
0.125% due 1/31/2023 |
17,550,000 | 17,543,830 | ||||||
0.125% due 4/30/2023 |
9,500,000 | 9,487,754 | ||||||
0.375% due 1/31/2026 |
3,000,000 | 2,935,781 | ||||||
0.875% due 11/15/2030 |
500,000 | 474,688 | ||||||
1.50% due 9/30/2024 |
40,600,000 | 41,792,625 | ||||||
2.00% due 4/30/2024 |
4,400,000 | 4,578,750 | ||||||
|
|
|||||||
Total U.S. Government Securities |
|
76,813,428 | ||||||
|
|
See accompanying Notes to Schedule of Investments.
SCHEDULE OF INVESTMENTS
GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND
September 30, 2021 (unaudited) |
Principal Amount |
Value | ||||||
ShortTerm Investment 0.6% |
||||||||
Repurchase Agreements 0.6% |
||||||||
Fixed Income Clearing Corp., 0.00%, dated 9/30/2021, proceeds at maturity value of $1,552,570, due 10/1/2021(4) |
$ | 1,552,570 | $ | 1,552,570 | ||||
|
|
|||||||
Total Repurchase Agreements |
|
1,552,570 | ||||||
|
|
|||||||
Total Investments(5) 99.6% |
|
274,931,031 | ||||||
|
|
|||||||
Assets in excess of other liabilities(6) 0.4% |
|
1,111,976 | ||||||
|
|
|||||||
Total Net Assets 100.0% |
|
$ | 276,043,007 | |||||
|
|
(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, 2021. |
(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, 2021, the aggregate market value of these securities amounted to $26,400,223, representing 9.6% 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. |
(4) | The table below presents collateral for repurchase agreements. |
Security |
Coupon | Maturity Date |
Principal Amount |
Value |
||||||||||||
U.S. Treasury Note |
1.25 | % | 6/30/2028 | $ | 1,583,500 | $ | 1,583,624 |
(5) | Securities are segregated to cover anticipated or existing derivative positions or to be announced securities (TBA). |
(6) | Assets in excess of other liabilities include net unrealized appreciation on futures contracts as follows: |
Open futures contracts at September 30, 2021:
Type |
Expiration | Contracts | Position | Notional Amount |
Notional Value |
Unrealized Depreciation |
||||||||||||||||||
U.S. 5-Year Treasury Note |
December 2021 | 600 | Long | $ | 74,218,075 | $ | 73,645,313 | $ | (572,762 | ) | ||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | 74,218,075 | $ | 73,645,313 | $ | (572,762 | ) | ||||||||||||||||
|
|
|
|
|
|
Type |
Expiration | Contracts | Position | Notional Amount | Notional Value |
Unrealized Appreciation |
||||||||||||||||||
U.S. 2-Year Treasury Note |
December 2021 | 58 | Short | $ | (12,772,787 | ) | $ | (12,763,172 | ) | $ | 9,615 | |||||||||||||
U.S. 10-Year Treasury Note |
December 2021 | 333 | Short | (44,455,999 | ) | (43,825,922 | ) | 630,077 | ||||||||||||||||
U.S. Ultra 10-Year Treasury Note |
December 2021 | 15 | Short | (2,223,935 | ) | (2,178,750 | ) | 45,185 | ||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
Total |
|
$ | (59,452,721 | ) | $ | (58,767,844 | ) | $ | 684,877 | |||||||||||||||
|
|
|
|
|
|
Legend:
CLO Collateralized Loan Obligation
LIBOR London Interbank Offered Rate
SOFR Secured Overnight Financing 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, 2021 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 |
$ | | $ | 105,458,689 | $ | | $ | 105,458,689 | ||||||||
AssetBacked Securities |
| 4,788,651 | | 4,788,651 | ||||||||||||
Corporate Bonds & Notes |
| 18,685,876 | | 18,685,876 | ||||||||||||
NonAgency MortgageBacked Securities |
| 31,343,014 | | 31,343,014 | ||||||||||||
U.S. Government Agencies |
| 36,288,803 | | 36,288,803 | ||||||||||||
U.S. Government Securities |
| 76,813,428 | | 76,813,428 | ||||||||||||
Repurchase Agreements |
| 1,552,570 | | 1,552,570 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | | $ | 274,931,031 | $ | | $ | 274,931,031 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments |
||||||||||||||||
Futures Contracts |
||||||||||||||||
Assets |
$ | 684,877 | $ | | $ | | $ | 684,877 | ||||||||
Liabilities |
(572,762 | ) | | | (572,762 | ) | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 112,115 | $ | | $ | | $ | 112,115 | ||||||||
|
|
|
|
|
|
|
|
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, 2021, the Funds did not hold any illiquid securities.
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, 2021, 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, 2021 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, 2021, 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, 2021, Guardian Core Plus Fixed Income VIP Fund, Guardian Multi-Sector 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.
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.