SCHEDULE OF INVESTMENTS

GUARDIAN DIVERSIFIED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.3%
Aerospace & Defense — 1.2%
Boeing Co.(1)		752	$	145,129
Howmet Aerospace, Inc.		6,010		411,264
Northrop Grumman Corp.		1,499		717,511
RTX Corp.		4,267		416,161
				1,690,065
Air Freight & Logistics — 1.0%
FedEx Corp.		4,924		1,426,680
				1,426,680
Automobiles — 1.1%
General Motors Co.		5,402		244,980
Tesla, Inc.(1)		6,887		1,210,666
				1,455,646
Banks — 2.7%
Bank of America Corp.		39,299		1,490,218
Citigroup, Inc.		34,445		2,178,302
				3,668,520
Beverages — 2.3%
Coca-Cola Co.		22,575		1,381,138
PepsiCo, Inc.		10,189		1,783,177
				3,164,315
Biotechnology — 2.2%
AbbVie, Inc.		11,519		2,097,610
Ascendis Pharma AS, ADR(1)		3,689		557,666
Regeneron Pharmaceuticals, Inc.(1)		421		405,208
				3,060,484
Broadline Retail — 4.3%
Amazon.com, Inc.(1)		32,912		5,936,667
				5,936,667
Building Products — 0.2%
Johnson Controls International PLC		4,242		277,087
				277,087
Capital Markets — 2.5%
BlackRock, Inc.		218		181,747
Charles Schwab Corp.		15,980		1,155,993
Goldman Sachs Group, Inc.		2,481		1,036,289
KKR & Co., Inc.		7,313		735,542
Quilter PLC (United Kingdom)(2)		227,845		307,997
				3,417,568
Chemicals — 2.1%
Corteva, Inc.		14,242		821,336
DuPont de Nemours, Inc.		5,869		449,976
Eastman Chemical Co.		3,525		353,276
Linde PLC		426		197,800
PPG Industries, Inc.		2,601		376,885
Sherwin-Williams Co.		2,092		726,615
				2,925,888
Construction Materials — 0.4%
CRH PLC		6,689		576,993
				576,993
Consumer Finance — 0.6%
Capital One Financial Corp.		5,142		765,592
				765,592

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN DIVERSIFIED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Consumer Staples Distribution & Retail — 2.2%
BJ’s Wholesale Club Holdings, Inc.(1)		2,841	$	214,922
Costco Wholesale Corp.		972		712,116
Target Corp.		3,598		637,602
Walmart, Inc.		23,514		1,414,837
				2,979,477
Containers & Packaging — 0.7%
Avery Dennison Corp.		1,472		328,624
Ball Corp.		6,269		422,280
Berry Global Group, Inc.		3,424		207,083
				957,987
Electric Utilities — 2.4%
Exelon Corp.		15,645		587,783
NextEra Energy, Inc.		10,158		649,198
NRG Energy, Inc.		20,920		1,416,075
PG&E Corp.		23,890		400,396
PPL Corp.		8,867		244,108
				3,297,560
Electronic Equipment, Instruments & Components — 0.5%
Vontier Corp.		16,509		748,848
				748,848
Energy Equipment & Services — 0.3%
Diamond Offshore Drilling, Inc.(1)		29,330		400,061
				400,061
Entertainment — 1.0%
Netflix, Inc.(1)		1,190		722,723
Walt Disney Co.		5,320		650,955
				1,373,678
Financial Services — 4.2%
Apollo Global Management, Inc.		10,608		1,192,870
Berkshire Hathaway, Inc., Class B(1)		2,319		975,186
Mastercard, Inc., Class A		4,930		2,374,140
Visa, Inc., Class A		4,579		1,277,907
				5,820,103
Food Products — 0.3%
General Mills, Inc.		4,995		349,500
				349,500
Ground Transportation — 1.7%
Canadian Pacific Kansas City Ltd.		6,115		539,159
Hertz Global Holdings, Inc.(1)		32,383		253,559
Uber Technologies, Inc.(1)		8,836		680,284
Union Pacific Corp.		3,377		830,506
				2,303,508
Health Care Equipment & Supplies — 2.2%
Abbott Laboratories		3,599		409,062
Boston Scientific Corp.(1)		10,638		728,597
Dexcom, Inc.(1)		2,556		354,517
Edwards Lifesciences Corp.(1)		2,672		255,336
Intuitive Surgical, Inc.(1)		1,736		692,820
Medtronic PLC		3,336		290,733
ResMed, Inc.		631		124,957
Stryker Corp.		627		224,385
				3,080,407

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN DIVERSIFIED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Health Care Providers & Services — 3.1%
Cigna Group		1,837	$	667,180
Elevance Health, Inc.		374		193,934
McKesson Corp.		2,137		1,147,249
UnitedHealth Group, Inc.		4,629		2,289,966
				4,298,329
Hotels, Restaurants & Leisure — 2.0%
Booking Holdings, Inc.		281		1,019,434
Chipotle Mexican Grill, Inc.(1)		293		851,684
Hilton Worldwide Holdings, Inc.		3,262		695,817
McDonald’s Corp.		422		118,983
				2,685,918
Household Durables — 1.1%
PulteGroup, Inc.		12,462		1,503,166
				1,503,166
Household Products — 1.5%
Procter & Gamble Co.		12,949		2,100,975
				2,100,975
Industrial Conglomerates — 0.8%
General Electric Co.		1,819		319,289
Honeywell International, Inc.		3,689		757,167
				1,076,456
Insurance — 2.6%
AIA Group Ltd. (Hong Kong)		117,600		789,212
Assured Guaranty Ltd.		16,570		1,445,732
AXA SA (France)		26,923		1,010,924
Prudential PLC (United Kingdom)		41,190		387,455
				3,633,323
Interactive Media & Services — 6.5%
Alphabet, Inc., Class A(1)		33,515		5,058,419
Meta Platforms, Inc., Class A		8,138		3,951,650
				9,010,069
Life Sciences Tools & Services — 1.5%
Bio-Rad Laboratories, Inc., Class A(1)		927		320,622
Danaher Corp.		2,709		676,491
Mettler-Toledo International, Inc.(1)		130		173,068
Thermo Fisher Scientific, Inc.		1,599		929,355
				2,099,536
Machinery — 1.7%
Fortive Corp.		8,259		710,439
Ingersoll Rand, Inc.		5,174		491,271
Otis Worldwide Corp.		11,596		1,151,135
				2,352,845
Media — 0.3%
Charter Communications, Inc., Class A(1)		1,643		477,505
				477,505
Metals & Mining — 0.6%
Agnico Eagle Mines Ltd. (Canada)		5,413		322,770
Anglo American PLC (United Kingdom)		5,597		138,303
Glencore PLC (Australia)		53,498		294,317
				755,390
Multi-Utilities — 0.3%
Ameren Corp.		3,740		276,610
CenterPoint Energy, Inc.		6,146		175,100
				451,710

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN DIVERSIFIED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Office REITs — 0.2%
Vornado Realty Trust		11,525	$	331,574
				331,574
Oil, Gas & Consumable Fuels — 4.0%
BP PLC (United Kingdom)		59,077		371,201
Cenovus Energy, Inc. (Canada)		54,041		1,080,381
ConocoPhillips		6,508		828,338
Exxon Mobil Corp.		22,443		2,608,774
Shell PLC (United Kingdom)		18,191		603,551
				5,492,245
Passenger Airlines — 0.2%
Southwest Airlines Co.		11,348		331,248
				331,248
Personal Care Products — 0.3%
Kenvue, Inc.		16,396		351,858
				351,858
Pharmaceuticals — 3.4%
4Front Ventures Corp.(1)		507,338		56,822
Eli Lilly & Co.		2,110		1,641,496
Innoviva, Inc.(1)		38,485		586,511
Johnson & Johnson		6,138		970,970
Merck & Co., Inc.		8,718		1,150,340
Zoetis, Inc.		1,537		260,076
				4,666,215
Semiconductors & Semiconductor Equipment — 9.4%
Advanced Micro Devices, Inc.(1)		10,375		1,872,584
Broadcom, Inc.		1,929		2,556,716
NVIDIA Corp.		7,066		6,384,555
QUALCOMM, Inc.		12,860		2,177,198
				12,991,053
Software — 13.3%
Adobe, Inc.(1)		1,830		923,418
Fair Isaac Corp.(1)		550		687,285
Microsoft Corp.		25,118		10,567,645
Oracle Corp.		28,039		3,521,979
Salesforce, Inc.		8,672		2,611,833
				18,312,160
Specialized REITs — 0.8%
American Tower Corp.		1,258		248,568
Gaming & Leisure Properties, Inc.		17,767		818,526
				1,067,094
Specialty Retail — 2.4%
CarMax, Inc.(1)		2,906		253,142
Home Depot, Inc.		5,973		2,291,243
O’Reilly Automotive, Inc.(1)		269		303,669
TJX Cos., Inc.		4,551		461,562
				3,309,616
Technology Hardware, Storage & Peripherals — 5.5%
Apple, Inc.		33,533		5,750,239
Seagate Technology Holdings PLC		20,081		1,868,537
				7,618,776

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN DIVERSIFIED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Textiles, Apparel & Luxury Goods — 0.4%
Levi Strauss & Co., Class A		8,801	$	175,932
Lululemon Athletica, Inc.(1)		367		143,369
NIKE, Inc., Class B		1,590		149,428
On Holding AG, Class A(1)		3,723		131,720
				600,449
Trading Companies & Distributors — 0.5%
United Rentals, Inc.		917		661,258
				661,258
Wireless Telecommunication Services — 0.8%
T-Mobile U.S., Inc.		6,503		1,061,420
				1,061,420
Total Common Stocks (Cost $82,281,821)				136,916,822
Exchange-Traded Funds — 0.3%
SPDR S&P 500 ETF Trust		883		461,871
Total Exchange-Traded Funds (Cost $407,653)				461,871
	Principal Amount		Value
Repurchase Agreements — 0.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $624,550, due 4/1/2024(3)	$	624,439		624,439
Total Repurchase Agreements (Cost $624,439)				624,439
Total Investments — 100.1% (Cost $83,313,913)				138,003,132
Liabilities in excess of other assets — (0.1)%				(131,566	)
Total Net Assets — 100.0%			$	137,871,566

(1) Non-income-producing 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 March 31, 2024, the aggregate market value of the security amounted to $307,997, representing 0.2% of net assets. This security has been deemed liquid by the investment adviser pursuant to the Fund’s 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 Bond		4.25	%		2/15/2054	$	644,700	$	636,982

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s 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	$	133,013,862	$	3,902,960	*	$	—	$	136,916,822
Exchange–Traded Funds		461,871		—			—		461,871
Repurchase Agreements		—		624,439			—		624,439
Total	$	133,475,733	$	4,527,399		$	—	$	138,003,132

^*  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

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.6%
Aerospace & Defense — 3.2%
Curtiss-Wright Corp.		3,608	$	923,432
RTX Corp.		13,192		1,286,616
Textron, Inc.		22,712		2,178,762
				4,388,810
Air Freight & Logistics — 0.5%
United Parcel Service, Inc., Class B		4,519		671,659
				671,659
Automobile Components — 1.4%
Aptiv PLC(1)		13,141		1,046,681
BorgWarner, Inc.		25,101		872,009
				1,918,690
Banks — 8.7%
Bank OZK		25,851		1,175,187
JPMorgan Chase & Co.		27,267		5,461,580
Wells Fargo & Co.		92,066		5,336,145
				11,972,912
Biotechnology — 8.1%
Amgen, Inc.		10,836		3,080,892
Gilead Sciences, Inc.		37,339		2,735,082
Regeneron Pharmaceuticals, Inc.(1)		4,509		4,339,867
United Therapeutics Corp.(1)		4,203		965,513
				11,121,354
Building Products — 2.2%
A.O. Smith Corp.		4,791		428,603
Allegion PLC		6,495		874,941
Builders FirstSource, Inc.(1)		8,509		1,774,552
				3,078,096
Capital Markets — 0.5%
Raymond James Financial, Inc.		5,908		758,705
				758,705
Chemicals — 1.6%
LyondellBasell Industries NV, Class A		9,041		924,713
PPG Industries, Inc.		9,223		1,336,413
				2,261,126
Commercial Services & Supplies — 0.6%
Veralto Corp.		10,062		892,097
				892,097
Communications Equipment — 1.4%
Cisco Systems, Inc.		31,935		1,593,876
Telefonaktiebolaget LM Ericsson, ADR		68,830		379,253
				1,973,129
Construction & Engineering — 0.9%
EMCOR Group, Inc.		3,631		1,271,576
				1,271,576
Consumer Staples Distribution & Retail — 2.1%
Casey’s General Stores, Inc.		1,740		554,103
Walmart, Inc.		38,775		2,333,092
				2,887,195
Distributors — 1.5%
LKQ Corp.		39,625		2,116,371
				2,116,371

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN GROWTH & INCOME VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Electrical Equipment — 2.6%
Emerson Electric Co.		13,225	$	1,499,979
nVent Electric PLC		27,184		2,049,674
				3,549,653
Energy Equipment & Services — 1.4%
ChampionX Corp.		20,937		751,429
Helmerich & Payne, Inc.		27,705		1,165,272
				1,916,701
Entertainment — 1.3%
Electronic Arts, Inc.		13,428		1,781,493
				1,781,493
Financial Services — 9.4%
Berkshire Hathaway, Inc., Class B(1)		12,722		5,349,855
Fiserv, Inc.(1)		17,691		2,827,376
Mastercard, Inc., Class A		7,950		3,828,481
MGIC Investment Corp.		38,732		866,048
				12,871,760
Health Care Equipment & Supplies — 0.9%
GE HealthCare Technologies, Inc.		13,514		1,228,558
				1,228,558
Health Care Providers & Services — 6.9%
Cencora, Inc.		14,860		3,610,831
Elevance Health, Inc.		9,576		4,965,539
Quest Diagnostics, Inc.		6,771		901,288
				9,477,658
Household Durables — 0.9%
D.R. Horton, Inc.		7,166		1,179,165
				1,179,165
Insurance — 3.3%
American International Group, Inc.		21,086		1,648,293
Axis Capital Holdings Ltd.		26,003		1,690,715
MetLife, Inc.		15,464		1,146,037
				4,485,045
Interactive Media & Services — 2.0%
Alphabet, Inc., Class C(1)		17,905		2,726,215
				2,726,215
IT Services — 2.5%
Accenture PLC, Class A		7,624		2,642,554
EPAM Systems, Inc.(1)		2,923		807,216
				3,449,770
Machinery — 5.8%
Dover Corp.		6,288		1,114,171
Middleby Corp.(1)		9,577		1,539,886
Oshkosh Corp.		9,570		1,193,475
PACCAR, Inc.		22,632		2,803,878
Westinghouse Air Brake Technologies Corp.		9,031		1,315,636
				7,967,046
Media — 2.7%
Comcast Corp., Class A		84,421		3,659,650
				3,659,650
Metals & Mining — 1.4%
BHP Group Ltd., ADR		15,839		913,752
Steel Dynamics, Inc.		6,764		1,002,628
				1,916,380

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN GROWTH & INCOME VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Oil, Gas & Consumable Fuels — 7.8%
Chevron Corp.		16,033	$	2,529,045
ConocoPhillips		17,456		2,221,800
EOG Resources, Inc.		18,941		2,421,417
Phillips 66		21,934		3,582,700
				10,754,962
Pharmaceuticals — 2.0%
Merck & Co., Inc.		4,453		587,573
Roche Holding AG, ADR		66,440		2,120,765
				2,708,338
Professional Services — 2.0%
Maximus, Inc.		6,969		584,699
Robert Half, Inc.		26,489		2,100,048
				2,684,747
Semiconductors & Semiconductor Equipment — 5.7%
QUALCOMM, Inc.		27,664		4,683,515
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		13,919		1,893,680
Texas Instruments, Inc.		7,016		1,222,258
				7,799,453
Specialized REITs — 2.0%
Public Storage		2,737		793,894
Weyerhaeuser Co.		52,666		1,891,236
				2,685,130
Specialty Retail — 1.9%
Lowe’s Cos., Inc.		3,381		861,242
Ross Stores, Inc.		12,171		1,786,216
				2,647,458
Tobacco — 2.8%
Philip Morris International, Inc.		42,280		3,873,694
				3,873,694
Trading Companies & Distributors — 1.6%
Ferguson PLC		10,258		2,240,655
				2,240,655
Total Common Stocks (Cost $96,725,338)				136,915,251
	Principal Amount		Value
Repurchase Agreements — 0.6%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $844,822, due 4/1/2024(2)	$	844,672		844,672
Total Repurchase Agreements (Cost $844,672)				844,672
Total Investments — 100.2% (Cost $97,570,010)				137,759,923
Liabilities in excess of other assets — (0.2)%				(289,794	)
Total Net Assets — 100.0%			$	137,470,129

(1) Non-income-producing security.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN GROWTH & INCOME VIP FUND

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	872,100	$	861,660

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s 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	$	136,915,251	$	—	$	—	$	136,915,251
Repurchase Agreements		—		844,672		—		844,672
Total	$	136,915,251	$	844,672	$	—	$	137,759,923

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTEGRATED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.4%
Aerospace & Defense — 2.0%
General Dynamics Corp.		11,472	$	3,240,725
RTX Corp.		35,379		3,450,514
				6,691,239
Banks — 3.9%
Bank of America Corp.		124,211		4,710,081
JPMorgan Chase & Co.		43,481		8,709,245
				13,419,326
Beverages — 2.0%
Constellation Brands, Inc., Class A		13,406		3,643,214
Monster Beverage Corp.(1)		55,767		3,305,868
				6,949,082
Biotechnology — 1.6%
Regeneron Pharmaceuticals, Inc.(1)		2,848		2,741,172
Vertex Pharmaceuticals, Inc.(1)		6,917		2,891,375
				5,632,547
Broadline Retail — 5.1%
Amazon.com, Inc.(1)		95,636		17,250,822
				17,250,822
Building Products — 0.9%
Builders FirstSource, Inc.(1)		14,097		2,939,929
				2,939,929
Capital Markets — 2.4%
Charles Schwab Corp.		49,958		3,613,962
Morgan Stanley		48,752		4,590,488
				8,204,450
Chemicals — 1.3%
PPG Industries, Inc.		6,864		994,594
Sherwin-Williams Co.		10,138		3,521,231
				4,515,825
Consumer Finance — 1.2%
American Express Co.		18,684		4,254,160
				4,254,160
Electric Utilities — 2.3%
American Electric Power Co., Inc.		26,801		2,307,566
Duke Energy Corp.		34,379		3,324,793
PG&E Corp.		137,335		2,301,735
				7,934,094
Electrical Equipment — 1.8%
AMETEK, Inc.		20,078		3,672,266
Emerson Electric Co.		21,669		2,457,698
				6,129,964
Electronic Equipment, Instruments & Components — 1.0%
CDW Corp.		13,260		3,391,643
				3,391,643
Energy Equipment & Services — 0.4%
Schlumberger NV		26,220		1,437,118
				1,437,118
Entertainment — 1.5%
Netflix, Inc.(1)		8,251		5,011,080
				5,011,080

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTEGRATED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Financial Services — 2.0%
Mastercard, Inc., Class A		14,251	$	6,862,854
				6,862,854
Ground Transportation — 1.2%
Uber Technologies, Inc.(1)		53,763		4,139,213
				4,139,213
Health Care Equipment & Supplies — 3.0%
Abbott Laboratories		36,354		4,131,995
Boston Scientific Corp.(1)		63,634		4,358,293
Edwards Lifesciences Corp.(1)		19,209		1,835,612
				10,325,900
Health Care Providers & Services — 1.8%
UnitedHealth Group, Inc.		12,209		6,039,792
				6,039,792
Health Care REITs — 0.8%
Welltower, Inc.		28,046		2,620,618
				2,620,618
Hotels, Restaurants & Leisure — 2.1%
Marriott International, Inc., Class A		15,978		4,031,409
McDonald’s Corp.		11,561		3,259,624
				7,291,033
Household Products — 1.9%
Procter & Gamble Co.		39,658		6,434,511
				6,434,511
Industrial REITs — 1.1%
Prologis, Inc.		28,077		3,656,187
				3,656,187
Insurance — 3.5%
Arch Capital Group Ltd.(1)		29,224		2,701,467
Chubb Ltd.		16,688		4,324,361
Progressive Corp.		23,826		4,927,693
				11,953,521
Interactive Media & Services — 8.6%
Alphabet, Inc., Class A(1)		89,157		13,456,466
Alphabet, Inc., Class C(1)		20,448		3,113,412
Meta Platforms, Inc., Class A		26,470		12,853,303
				29,423,181
IT Services — 1.1%
Accenture PLC, Class A		10,684		3,703,181
				3,703,181
Life Sciences Tools & Services — 2.2%
Danaher Corp.		15,033		3,754,041
Thermo Fisher Scientific, Inc.		6,487		3,770,309
				7,524,350
Machinery — 4.4%
Deere & Co.		9,944		4,084,399
Illinois Tool Works, Inc.		13,548		3,635,335
Nordson Corp.		12,236		3,359,271
Parker-Hannifin Corp.		7,078		3,933,882
				15,012,887

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTEGRATED RESEARCH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Oil, Gas & Consumable Fuels — 3.4%
ConocoPhillips		22,215	$	2,827,525
Diamondback Energy, Inc.		11,954		2,368,924
EOG Resources, Inc.		27,284		3,487,987
EQT Corp.		17,171		636,529
Phillips 66		13,905		2,271,243
				11,592,208
Personal Care Products — 1.2%
Estee Lauder Cos., Inc., Class A		26,267		4,049,058
				4,049,058
Pharmaceuticals — 3.8%
Eli Lilly & Co.		10,196		7,932,080
Merck & Co., Inc.		39,543		5,217,699
				13,149,779
Semiconductors & Semiconductor Equipment — 10.5%
Advanced Micro Devices, Inc.(1)		13,134		2,370,556
Broadcom, Inc.		5,633		7,466,034
KLA Corp.		5,939		4,148,807
NVIDIA Corp.		20,844		18,833,805
Texas Instruments, Inc.		16,777		2,922,721
				35,741,923
Software — 11.6%
Intuit, Inc.		5,941		3,861,650
Microsoft Corp.		61,135		25,720,717
Palo Alto Networks, Inc.(1)		7,400		2,102,562
Salesforce, Inc.		15,587		4,694,493
Workday, Inc., Class A(1)		11,408		3,111,532
				39,490,954
Specialty Retail — 2.2%
AutoZone, Inc.(1)		1,186		3,737,857
TJX Cos., Inc.		35,753		3,626,069
				7,363,926
Technology Hardware, Storage & Peripherals — 4.5%
Apple, Inc.		89,329		15,318,137
				15,318,137
Textiles, Apparel & Luxury Goods — 1.1%
Lululemon Athletica, Inc.(1)		4,819		1,882,542
NIKE, Inc., Class B		21,776		2,046,509
				3,929,051
Total Common Stocks (Cost $257,804,924)				339,383,543
	Principal Amount		Value
Repurchase Agreements — 0.8%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $2,833,854, due 4/1/2024(2)	$	2,833,350		2,833,350
Total Repurchase Agreements (Cost $2,833,350)				2,833,350
Total Investments — 100.2% (Cost $260,638,274)				342,216,893
Liabilities in excess of other assets — (0.2)%				(692,836	)
Total Net Assets — 100.0%			$	341,524,057

(1) Non-income-producing security.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTEGRATED RESEARCH VIP FUND

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	2,925,100	$	2,890,083

Legend:

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1		Level 2		Level 3		Total
Common Stocks	$	339,383,543	$	—	$	—	$	339,383,543
Repurchase Agreements		—		2,833,350		—		2,833,350
Total	$	339,383,543	$	2,833,350	$	—	$	342,216,893

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.8%
Australia — 1.7%
Goodman Group		39,603	$	872,695
QBE Insurance Group Ltd.		72,022		851,069
				1,723,764
Cayman Islands — 1.2%
Tencent Holdings Ltd.		30,500		1,190,253
				1,190,253
Denmark — 6.1%
Coloplast AS, Class B		4,951		670,055
Novo Nordisk AS, Class B		43,259		5,541,301
				6,211,356
France — 15.4%
Air Liquide SA		13,416		2,795,907
Dassault Systemes SE		31,039		1,372,892
L’Oreal SA		1,522		721,827
Legrand SA		5,757		609,079
LVMH Moet Hennessy Louis Vuitton SE		4,067		3,678,346
Safran SA		15,866		3,592,700
Sanofi SA		9,509		932,998
Schneider Electric SE		2,219		501,787
Vinci SA		11,874		1,520,915
				15,726,451
Germany — 5.1%
Delivery Hero SE(1)(2)		12,323		352,495
Deutsche Boerse AG		4,950		1,012,821
Infineon Technologies AG		28,079		954,565
Muenchener Rueckversicherungs-Gesellschaft AG, Reg S		2,526		1,232,516
SAP SE		6,059		1,179,646
Zalando SE(1)(2)		17,740		506,997
				5,239,040
Ireland — 2.8%
Linde PLC		4,119		1,903,990
Ryanair Holdings PLC, ADR		6,197		902,221
				2,806,211
Japan — 22.7%
Advantest Corp.		15,000		670,337
Daikin Industries Ltd.		11,900		1,627,800
Denso Corp.		43,900		839,988
Hitachi Ltd.		15,500		1,415,766
Hoya Corp.		19,000		2,378,457
Keyence Corp.		6,100		2,836,496
Otsuka Corp.		51,400		1,090,325
Rakuten Bank Ltd.(2)		42,000		838,399
Recruit Holdings Co. Ltd.		58,200		2,563,830
Shimano, Inc.		8,800		1,314,049
Shin-Etsu Chemical Co. Ltd.		50,800		2,228,897
Sony Group Corp.		25,900		2,219,696
Terumo Corp.		71,700		1,314,217
Tokio Marine Holdings, Inc.		58,600		1,840,552
				23,178,809
Netherlands — 11.6%
Adyen NV(1)(2)		175		296,436
Airbus SE		12,898		2,379,114
Argenx SE(2)		1,965		775,599
ASML Holding NV		6,459		6,201,175
Ferrari NV		725		315,995
Ferrovial SE		17,884		707,792
Wolters Kluwer NV		7,559		1,183,805
				11,859,916

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Republic of Korea — 0.5%
Samsung Electronics Co. Ltd.		8,445	$	505,643
				505,643
Singapore — 1.6%
DBS Group Holdings Ltd.		60,900		1,628,904
				1,628,904
Spain — 2.0%
Industria de Diseno Textil SA		39,973		2,012,913
				2,012,913
Sweden — 4.0%
Atlas Copco AB, Class A		144,411		2,436,983
Evolution AB(1)		4,351		540,253
Volvo AB, Class B		38,512		1,043,020
				4,020,256
Switzerland — 7.2%
Cie Financiere Richemont SA, Reg S, Class A		15,572		2,382,115
Nestle SA, Reg S		40,387		4,288,308
Straumann Holding AG, Reg S		4,441		708,899
				7,379,322
Taiwan — 1.5%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		11,286		1,535,460
				1,535,460
United Kingdom — 14.0%
3i Group PLC		63,386		2,245,381
Allfunds Group PLC		42,164		304,908
AstraZeneca PLC		7,858		1,058,010
Diageo PLC		13,290		490,808
Ferguson PLC		4,969		1,087,609
InterContinental Hotels Group PLC		24,763		2,575,910
London Stock Exchange Group PLC		16,664		1,995,993
Next PLC		3,903		455,703
Oxford Nanopore Technologies PLC(2)		73,389		112,598
RELX PLC		58,017		2,512,768
Sage Group PLC		35,378		565,001
SSE PLC		41,914		873,948
				14,278,637
United States — 1.4%
MercadoLibre, Inc.(2)		342		517,090
Yum China Holdings, Inc.		21,846		869,253
				1,386,343
Total Common Stocks (Cost $70,356,126)				100,683,278

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 0.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $493,029, due 4/1/2024(3)	$	492,942	$	492,942
Total Repurchase Agreements (Cost $492,942)				492,942
Total Investments — 99.3% (Cost $70,849,068)				101,176,220
Assets in excess of other liabilities — 0.7%				758,275
Total Net Assets — 100.0%			$	101,934,495

(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 March 31, 2024, the aggregate market value of these securities amounted to $1,696,181, representing 1.7% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

(2) Non-income-producing security.

(3) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	508,900	$	502,808

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 March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1		Level 2			Level 3		Total
Common Stocks
Australia	$	—	$	1,723,764	*	$	—	$	1,723,764
Cayman Islands		—		1,190,253	*		—		1,190,253
Denmark		—		6,211,356	*		—		6,211,356
France		—		15,726,451	*		—		15,726,451
Germany		—		5,239,040	*		—		5,239,040
Ireland		902,221		1,903,990	*		—		2,806,211
Japan		—		23,178,809	*		—		23,178,809
Netherlands		—		11,859,916	*		—		11,859,916
Republic of Korea		—		505,643	*		—		505,643
Singapore		—		1,628,904	*		—		1,628,904
Spain		—		2,012,913	*		—		2,012,913
Sweden		—		4,020,256	*		—		4,020,256
Switzerland		—		7,379,322	*		—		7,379,322
Taiwan		1,535,460		—			—		1,535,460
United Kingdom		—		14,278,637	*		—		14,278,637
United States		1,386,343		—			—		1,386,343
Repurchase Agreements		—		492,942			—		492,942
Total	$	3,824,024	$	97,352,196		$	—	$	101,176,220

^*  Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL EQUITY VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.9%
Australia — 1.4%
Rio Tinto Ltd.		52,132	$	4,144,586
				4,144,586
Austria — 1.2%
Erste Group Bank AG		81,022		3,607,837
				3,607,837
Belgium — 1.2%
UCB SA		28,155		3,472,431
				3,472,431
Canada — 1.1%
Nutrien Ltd.		30,729		1,669,445
Toronto-Dominion Bank		28,095		1,695,594
				3,365,039
Cayman Islands — 0.9%
NU Holdings Ltd., Class A(1)		131,109		1,564,130
Tencent Holdings Ltd.		27,500		1,073,179
				2,637,309
China — 0.6%
BYD Co. Ltd., Class H		38,000		971,505
Contemporary Amperex Technology Co. Ltd., Class A		28,000		733,302
				1,704,807
Denmark — 4.5%
Novo Nordisk AS, Class B		70,998		9,094,554
Vestas Wind Systems AS(1)		139,648		3,879,221
				12,973,775
France — 9.6%
BNP Paribas SA		46,276		3,293,381
Carrefour SA		109,019		1,865,703
EssilorLuxottica SA		23,069		5,231,912
Legrand SA		20,772		2,197,635
Sanofi SA		52,380		5,139,388
Schneider Electric SE		27,163		6,142,430
TotalEnergies SE		59,610		4,098,784
				27,969,233
Germany — 9.0%
Allianz SE, Reg S		14,305		4,286,994
Bayerische Motoren Werke AG		21,053		2,429,121
Beiersdorf AG		14,421		2,099,628
Infineon Technologies AG		61,362		2,086,044
SAP SE		51,100		9,948,820
Siemens AG, Reg S		27,937		5,333,315
				26,183,922
Hong Kong — 2.4%
AIA Group Ltd.		416,600		2,795,798
BOC Hong Kong Holdings Ltd.		950,000		2,545,640
Techtronic Industries Co. Ltd.		112,500		1,525,234
				6,866,672
Indonesia — 0.7%
Bank Central Asia Tbk. PT		3,086,400		1,961,410
				1,961,410
Ireland — 0.5%
Linde PLC		2,886		1,340,028
				1,340,028

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL EQUITY VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Italy — 1.1%
FinecoBank Banca Fineco SpA		219,353	$	3,284,777
				3,284,777
Japan — 23.2%
Bridgestone Corp.		52,000		2,306,729
Daikin Industries Ltd.		17,000		2,325,429
FANUC Corp.		60,700		1,697,713
FUJIFILM Holdings Corp.		145,500		3,268,600
Hitachi Ltd.		45,100		4,119,422
Japan Exchange Group, Inc.		112,900		3,057,570
KDDI Corp.		132,300		3,911,841
Keyence Corp.		1,100		511,499
Kubota Corp.		156,600		2,493,631
Makita Corp.		54,900		1,557,490
Mitsubishi Estate Co. Ltd.		108,600		1,975,517
Mitsubishi Heavy Industries Ltd.		265,500		2,408,360
Mitsubishi UFJ Financial Group, Inc.		662,100		6,735,053
MS&AD Insurance Group Holdings, Inc.		177,900		3,147,769
Murata Manufacturing Co. Ltd.		74,900		1,409,421
Nintendo Co. Ltd.		31,300		1,713,139
Nitori Holdings Co. Ltd.		19,600		2,954,539
Recruit Holdings Co. Ltd.		63,900		2,814,927
Sekisui Chemical Co. Ltd.		136,800		2,000,407
Shimano, Inc.		10,100		1,508,170
SMC Corp.		5,200		2,934,165
Sony Group Corp.		48,300		4,139,433
Terumo Corp.		199,000		3,647,547
Toyota Industries Corp.		21,500		2,247,495
Toyota Motor Corp.		101,500		2,551,316
				67,437,182
Luxembourg — 1.3%
Spotify Technology SA(1)		14,564		3,843,440
				3,843,440
Netherlands — 3.5%
ASM International NV		1,675		1,020,419
ASML Holding NV		7,906		7,590,415
Stellantis NV		53,975		1,534,094
				10,144,928
Norway — 1.4%
DNB Bank ASA		141,183		2,802,643
Norsk Hydro ASA		210,805		1,162,468
				3,965,111
Portugal — 0.7%
Jeronimo Martins SGPS SA		103,797		2,059,477
				2,059,477
Republic of Korea — 1.8%
Samsung Electronics Co. Ltd.		62,505		3,742,476
Samsung SDI Co. Ltd.		4,612		1,636,408
				5,378,884
Spain — 2.8%
Banco Bilbao Vizcaya Argentaria SA		411,916		4,907,167
Iberdrola SA		250,389		3,108,783
				8,015,950
Sweden — 2.1%
Nibe Industrier AB, Class B		97,058		476,458
Sandvik AB		170,058		3,773,262
Svenska Handelsbanken AB, Class A		186,849		1,889,619
				6,139,339

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL EQUITY VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Switzerland — 5.5%
Alcon, Inc.		32,655	$	2,703,490
Chocoladefabriken Lindt & Spruengli AG		155		1,854,267
Cie Financiere Richemont SA, Reg S, Class A		25,661		3,925,472
Lonza Group AG, Reg S		5,559		3,328,399
Roche Holding AG		16,136		4,119,147
				15,930,775
Taiwan — 0.6%
Taiwan Semiconductor Manufacturing Co. Ltd.		75,000		1,807,045
				1,807,045
United Kingdom — 19.6%
Antofagasta PLC		77,962		2,012,584
ARM Holdings PLC, ADR(1)		7,964		995,420
AstraZeneca PLC		27,135		3,653,486
BAE Systems PLC		148,156		2,523,544
Bunzl PLC		61,329		2,361,694
Burberry Group PLC		116,846		1,792,592
Diageo PLC		82,004		3,028,458
Ferguson PLC		7,272		1,588,423
GSK PLC		301,298		6,470,963
Haleon PLC		560,087		2,350,533
HSBC Holdings PLC		326,166		2,549,475
Kingfisher PLC		460,250		1,447,662
National Grid PLC		156,558		2,106,248
Prudential PLC		207,443		1,951,318
Reckitt Benckiser Group PLC		49,331		2,806,390
RELX PLC		96,878		4,186,006
Shell PLC		221,962		7,425,911
Unilever PLC		113,841		5,716,657
Whitbread PLC		45,610		1,910,500
				56,877,864
United States — 2.2%
Booking Holdings, Inc.		616		2,234,774
Liberty Media Corp.-Liberty Formula One, Class C(1)		28,424		1,864,614
Lululemon Athletica, Inc.(1)		3,357		1,311,412
MercadoLibre, Inc.(1)		608		919,272
				6,330,072
Total Common Stocks (Cost $258,698,540)				287,441,893
Preferred Stocks — 0.7%
Germany — 0.7%
Dr. Ing. h.c. F. Porsche AG(2)		19,514		1,942,492
Total Preferred Stocks (Cost $1,623,428)				1,942,492
Total Investments — 99.6% (Cost $260,321,968)				289,384,385
Assets in excess of other liabilities — 0.4%				1,143,777
Total Net Assets — 100.0%			$	290,528,162

(1) Non-income-producing 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 March 31, 2024, the aggregate market value of the security amounted to $1,942,492, representing 0.7% of net assets. This security has been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL EQUITY VIP FUND

Legend:

ADR – American Depositary Receipt

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN INTERNATIONAL EQUITY VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	—	$	4,144,586	*	$	—	$	4,144,586
Austria		—		3,607,837	*		—		3,607,837
Belgium		—		3,472,431	*		—		3,472,431
Canada		3,365,039		—			—		3,365,039
Cayman Islands		1,564,130		1,073,179	*		—		2,637,309
China		—		1,704,807	*		—		1,704,807
Denmark		—		12,973,775	*		—		12,973,775
France		—		27,969,233	*		—		27,969,233
Germany		—		26,183,922	*		—		26,183,922
Hong Kong		—		6,866,672	*		—		6,866,672
Indonesia		—		1,961,410	*		—		1,961,410
Ireland		1,340,028		—			—		1,340,028
Italy		—		3,284,777	*		—		3,284,777
Japan		—		67,437,182	*		—		67,437,182
Luxembourg		3,843,440		—			—		3,843,440
Netherlands		—		10,144,928	*		—		10,144,928
Norway		—		3,965,111	*		—		3,965,111
Portugal		—		2,059,477	*		—		2,059,477
Republic of Korea		—		5,378,884	*		—		5,378,884
Spain		—		8,015,950	*		—		8,015,950
Sweden		—		6,139,339	*		—		6,139,339
Switzerland		—		15,930,775	*		—		15,930,775
Taiwan		—		1,807,045	*		—		1,807,045
United Kingdom		2,583,843		54,294,021	*		—		56,877,864
United States		6,330,072		—			—		6,330,072
Preferred Stocks
Germany		—		1,942,492	*		—		1,942,492
Total	$	19,026,552	$	270,357,833		$	—	$	289,384,385

^*  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

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.1%
Automobiles — 0.4%
Tesla, Inc.(1)		11,068	$	1,945,644
				1,945,644
Beverages — 1.9%
Brown-Forman Corp., Class B		52,102		2,689,505
Constellation Brands, Inc., Class A		9,624		2,615,418
Monster Beverage Corp.(1)		53,156		3,151,088
				8,456,011
Biotechnology — 1.0%
Vertex Pharmaceuticals, Inc.(1)		10,252		4,285,439
				4,285,439
Broadline Retail — 7.3%
Amazon.com, Inc.(1)		180,500		32,558,590
				32,558,590
Building Products — 0.7%
Builders FirstSource, Inc.(1)		15,549		3,242,744
				3,242,744
Capital Markets — 2.7%
Ares Management Corp., Class A		22,916		3,047,369
KKR & Co., Inc.		24,653		2,479,599
Morgan Stanley		29,838		2,809,546
S&P Global, Inc.		8,406		3,576,333
				11,912,847
Chemicals — 1.0%
Sherwin-Williams Co.		13,389		4,650,401
				4,650,401
Consumer Finance — 0.9%
American Express Co.		17,026		3,876,650
				3,876,650
Electronic Equipment, Instruments & Components — 3.6%
Amphenol Corp., Class A		45,094		5,201,593
CDW Corp.		21,496		5,498,247
Coherent Corp.(1)		28,573		1,732,095
Jabil, Inc.		28,519		3,820,120
				16,252,055
Entertainment — 2.7%
Live Nation Entertainment, Inc.(1)		32,034		3,388,236
Netflix, Inc.(1)		14,165		8,602,830
				11,991,066
Financial Services — 3.2%
Mastercard, Inc., Class A		29,421		14,168,271
				14,168,271
Ground Transportation — 1.6%
Uber Technologies, Inc.(1)		92,194		7,098,016
				7,098,016
Health Care Equipment & Supplies — 1.7%
Boston Scientific Corp.(1)		61,002		4,178,027
Edwards Lifesciences Corp.(1)		36,120		3,451,627
				7,629,654

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Health Care Providers & Services — 1.9%
UnitedHealth Group, Inc.		17,122	$	8,470,253
				8,470,253
Health Care Technology — 1.1%
Veeva Systems, Inc., Class A(1)		21,727		5,033,929
				5,033,929
Hotels, Restaurants & Leisure — 3.5%
Airbnb, Inc., Class A(1)		20,487		3,379,535
Chipotle Mexican Grill, Inc.(1)		2,248		6,534,419
DoorDash, Inc., Class A(1)		25,139		3,462,143
DraftKings, Inc., Class A(1)		49,477		2,246,751
				15,622,848
Independent Power and Renewable Electricity Producers — 0.7%
Vistra Corp.		45,510		3,169,771
				3,169,771
Insurance — 0.7%
Arch Capital Group Ltd.(1)		34,273		3,168,196
				3,168,196
Interactive Media & Services — 9.8%
Alphabet, Inc., Class A(1)		147,195		22,216,142
Meta Platforms, Inc., Class A		44,359		21,539,843
				43,755,985
IT Services — 0.5%
MongoDB, Inc.(1)		5,952		2,134,625
				2,134,625
Life Sciences Tools & Services — 1.1%
Thermo Fisher Scientific, Inc.		8,400		4,882,164
				4,882,164
Machinery — 2.8%
Deere & Co.		9,156		3,760,736
Ingersoll Rand, Inc.		48,700		4,624,065
Nordson Corp.		14,865		4,081,037
				12,465,838
Oil, Gas & Consumable Fuels — 0.5%
Diamondback Energy, Inc.		12,426		2,462,460
				2,462,460
Personal Care Products — 1.2%
Estee Lauder Cos., Inc., Class A		35,455		5,465,388
				5,465,388
Pharmaceuticals — 4.5%
Eli Lilly & Co.		19,875		15,461,955
Merck & Co., Inc.		36,645		4,835,308
				20,297,263
Semiconductors & Semiconductor Equipment — 14.1%
Advanced Micro Devices, Inc.(1)		25,236		4,554,846
Broadcom, Inc.		10,595		14,042,719
Intel Corp.		72,303		3,193,623
KLA Corp.		8,516		5,949,022
NVIDIA Corp.		39,128		35,354,496
				63,094,706

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Software — 20.0%
Adobe, Inc.(1)		11,675	$	5,891,205
Cadence Design Systems, Inc.(1)		14,844		4,620,640
HubSpot, Inc.(1)		5,791		3,628,409
Intuit, Inc.		10,081		6,552,650
Microsoft Corp.		101,270		42,606,314
Palo Alto Networks, Inc.(1)		11,520		3,273,178
PTC, Inc.(1)		18,405		3,477,441
Salesforce, Inc.		23,174		6,979,545
ServiceNow, Inc.(1)		8,790		6,701,496
Workday, Inc., Class A(1)		20,398		5,563,555
				89,294,433
Specialized REITs — 0.7%
Equinix, Inc.		3,703		3,056,197
				3,056,197
Specialty Retail — 1.2%
O’Reilly Automotive, Inc.(1)		4,818		5,438,944
				5,438,944
Technology Hardware, Storage & Peripherals — 4.6%
Apple, Inc.		119,425		20,478,999
				20,478,999
Textiles, Apparel & Luxury Goods — 1.5%
Lululemon Athletica, Inc.(1)		11,956		4,670,612
NIKE, Inc., Class B		23,384		2,197,628
				6,868,240
Total Common Stocks (Cost $260,869,526)				443,227,627
	Principal Amount		Value
Repurchase Agreements — 0.8%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $3,603,441, due 4/1/2024(2)	$	3,602,800		3,602,800
Total Repurchase Agreements (Cost $3,602,800)				3,602,800
Total Investments — 99.9% (Cost $264,472,326)				446,830,427
Assets in excess of other liabilities — 0.1%				665,008
Total Net Assets — 100.0%			$	447,495,435

(1) Non-income-producing security.

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	3,719,400	$	3,674,875

Legend:

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s 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	$	443,227,627	$	—	$	—	$	443,227,627
Repurchase Agreements		—		3,602,800		—		3,602,800
Total	$	443,227,627	$	3,602,800	$	—	$	446,830,427

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.6%
Aerospace & Defense — 2.7%
General Dynamics Corp.		7,718	$	2,180,258
Howmet Aerospace, Inc.		21,017		1,438,193
				3,618,451
Banks — 7.2%
Huntington Bancshares, Inc.		97,109		1,354,671
JPMorgan Chase & Co.		29,577		5,924,273
Wells Fargo & Co.		43,000		2,492,280
				9,771,224
Beverages — 1.1%
Coca-Cola Europacific Partners PLC		11,247		786,728
Keurig Dr Pepper, Inc.		21,612		662,840
				1,449,568
Biotechnology — 1.2%
Amgen, Inc.		5,770		1,640,526
				1,640,526
Building Products — 1.9%
Allegion PLC		6,644		895,013
Builders FirstSource, Inc.(1)		3,286		685,296
Masco Corp.		12,641		997,122
				2,577,431
Capital Markets — 5.5%
Charles Schwab Corp.		19,525		1,412,438
Goldman Sachs Group, Inc.		3,476		1,451,890
Intercontinental Exchange, Inc.		8,267		1,136,134
LPL Financial Holdings, Inc.		2,444		645,705
Morgan Stanley		30,023		2,826,966
				7,473,133
Chemicals — 0.8%
DuPont de Nemours, Inc.		7,413		568,355
Olin Corp.		9,182		539,901
				1,108,256
Construction & Engineering — 0.6%
WillScot Mobile Mini Holdings Corp.(1)		18,289		850,438
				850,438
Construction Materials — 1.4%
CRH PLC		21,777		1,878,484
				1,878,484
Consumer Finance — 2.4%
American Express Co.		8,992		2,047,389
Discover Financial Services		8,812		1,155,165
				3,202,554
Consumer Staples Distribution & Retail — 4.0%
Target Corp.		8,071		1,430,262
U.S. Foods Holding Corp.(1)		33,721		1,819,922
Walmart, Inc.		36,606		2,202,583
				5,452,767
Distributors — 0.3%
LKQ Corp.		8,600		459,326
				459,326

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Electric Utilities — 0.7%
FirstEnergy Corp.		24,673	$	952,871
				952,871
Electrical Equipment — 0.9%
Atkore, Inc.		134		25,508
Eaton Corp. PLC		3,727		1,165,359
				1,190,867
Electronic Equipment, Instruments & Components — 0.8%
Flex Ltd.(1)		26,585		760,597
Keysight Technologies, Inc.(1)		2,327		363,896
				1,124,493
Energy Equipment & Services — 1.8%
NOV, Inc.		25,371		495,242
Schlumberger NV		36,142		1,980,943
				2,476,185
Entertainment — 0.3%
Take-Two Interactive Software, Inc.(1)		3,020		448,440
				448,440
Financial Services — 6.5%
Berkshire Hathaway, Inc., Class B(1)		11,575		4,867,519
Corpay, Inc.(1)		4,601		1,419,592
Fidelity National Information Services, Inc.		11,311		839,050
Global Payments, Inc.		12,256		1,638,137
				8,764,298
Food Products — 0.8%
J M Smucker Co.		8,277		1,041,826
				1,041,826
Ground Transportation — 1.1%
Norfolk Southern Corp.		5,941		1,514,183
				1,514,183
Health Care Equipment & Supplies — 1.4%
Abbott Laboratories		15,981		1,816,400
				1,816,400
Health Care Providers & Services — 6.2%
Cencora, Inc.		8,068		1,960,443
Centene Corp.(1)		19,260		1,511,525
Cigna Group		4,792		1,740,407
McKesson Corp.		3,149		1,690,541
UnitedHealth Group, Inc.		3,092		1,529,612
				8,432,528
Hotels, Restaurants & Leisure — 1.7%
Booking Holdings, Inc.		293		1,062,969
MGM Resorts International(1)		24,849		1,173,121
				2,236,090
Insurance — 2.4%
Aon PLC, Class A		2,893		965,452
Arthur J Gallagher & Co.		3,654		913,646
Chubb Ltd.		5,003		1,296,427
				3,175,525

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Interactive Media & Services — 3.0%
Alphabet, Inc., Class A(1)		26,592	$	4,013,531
				4,013,531
IT Services — 0.8%
Cognizant Technology Solutions Corp., Class A		15,040		1,102,282
				1,102,282
Life Sciences Tools & Services — 2.4%
Avantor, Inc.(1)		52,670		1,346,772
ICON PLC(1)		5,695		1,913,235
				3,260,007
Machinery — 2.9%
Deere & Co.		1,798		738,511
Dover Corp.		3,863		684,485
Fortive Corp.		15,520		1,335,030
Westinghouse Air Brake Technologies Corp.		8,372		1,219,633
				3,977,659
Media — 1.0%
Omnicom Group, Inc.		14,216		1,375,540
				1,375,540
Metals & Mining — 0.6%
Teck Resources Ltd., Class B		18,939		867,027
				867,027
Multi-Utilities — 0.4%
CenterPoint Energy, Inc.		19,921		567,549
				567,549
Oil, Gas & Consumable Fuels — 9.7%
Canadian Natural Resources Ltd.		20,064		1,531,285
Cenovus Energy, Inc.		109,842		2,195,742
ConocoPhillips		15,208		1,935,674
Diamondback Energy, Inc.		6,944		1,376,092
Exxon Mobil Corp.		10,588		1,230,749
Marathon Petroleum Corp.		11,574		2,332,161
Peabody Energy Corp.		22,436		544,297
Phillips 66		12,081		1,973,311
				13,119,311
Personal Care Products — 0.9%
Kenvue, Inc.		57,683		1,237,877
				1,237,877
Pharmaceuticals — 2.4%
Bristol-Myers Squibb Co.		28,964		1,570,718
Sanofi SA, ADR		34,077		1,656,142
				3,226,860
Professional Services — 2.1%
Jacobs Solutions, Inc.		9,541		1,466,738
Leidos Holdings, Inc.		10,053		1,317,848
				2,784,586
Semiconductors & Semiconductor Equipment — 6.6%
Advanced Micro Devices, Inc.(1)		7,817		1,410,890
Applied Materials, Inc.		8,853		1,825,754
Lam Research Corp.		790		767,540
Microchip Technology, Inc.		18,363		1,647,345
Micron Technology, Inc.		18,993		2,239,085
NXP Semiconductors NV		1,991		493,310
QUALCOMM, Inc.		3,659		619,469
				9,003,393

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP DISCIPLINED VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Software — 2.5%
Nice Ltd., ADR(1)		2,632	$	685,952
Oracle Corp.		21,912		2,752,366
				3,438,318
Specialty Retail — 3.0%
AutoNation, Inc.(1)		4,347		719,776
AutoZone, Inc.(1)		779		2,455,135
Ulta Beauty, Inc.(1)		1,584		828,242
				4,003,153
Technology Hardware, Storage & Peripherals — 1.5%
Dell Technologies, Inc., Class C		17,571		2,005,027
				2,005,027
Tobacco — 1.6%
Philip Morris International, Inc.		24,185		2,215,830
				2,215,830
Trading Companies & Distributors — 2.2%
United Rentals, Inc.		2,452		1,768,162
WESCO International, Inc.		7,357		1,260,107
				3,028,269
Wireless Telecommunication Services — 1.3%
T-Mobile U.S., Inc.		11,085		1,809,294
				1,809,294
Total Common Stocks (Cost $90,102,626)				133,691,377
	Principal Amount		Value
Repurchase Agreements — 1.7%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $2,386,974, due 4/1/2024(2)	$	2,386,550		2,386,550
Total Repurchase Agreements (Cost $2,386,550)				2,386,550
Total Investments — 100.3% (Cost $92,489,176)				136,077,927
Liabilities in excess of other assets — (0.3)%				(464,153	)
Total Net Assets — 100.0%			$	135,613,774

(1) Non-income-producing security.

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	2,463,800	$	2,434,305

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 March 31, 2024 in valuing the Fund’s 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	$	133,691,377	$	—	$	—	$	133,691,377
Repurchase Agreements		—		2,386,550		—		2,386,550
Total	$	133,691,377	$	2,386,550	$	—	$	136,077,927

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 100.1%
Automobiles — 0.3%
BYD Co. Ltd., Class H (China)		26,286	$	672,026
				672,026
Beverages — 0.8%
Monster Beverage Corp.(1)		31,892		1,890,558
				1,890,558
Biotechnology — 2.8%
Alnylam Pharmaceuticals, Inc.(1)		7,302		1,091,284
Arcellx, Inc.(1)		1,700		118,235
Arrowhead Pharmaceuticals, Inc.(1)		6,429		183,869
Beam Therapeutics, Inc.(1)		2,123		70,144
Blueprint Medicines Corp.(1)		1,085		102,923
Cytokinetics, Inc.(1)		4,900		343,539
Exact Sciences Corp.(1)		3,900		269,334
Galapagos NV, ADR(1)		10,832		348,791
Gamida Cell Ltd.(1)		59,800		2,159
Hookipa Pharma, Inc.(1)		22,700		16,162
Immunocore Holdings PLC, ADR(1)		4,772		310,180
Insmed, Inc.(1)		26,040		706,465
Janux Therapeutics, Inc.(1)		600		22,590
Krystal Biotech, Inc.(1)		839		149,283
Legend Biotech Corp., ADR(1)		5,396		302,662
Regeneron Pharmaceuticals, Inc.(1)		2,457		2,364,838
Sarepta Therapeutics, Inc.(1)		1,447		187,329
Vor BioPharma, Inc.(1)		16,800		39,816
XOMA Corp.(1)		7,199		173,136
				6,802,739
Broadline Retail — 6.5%
Amazon.com, Inc.(1)		69,204		12,483,018
MercadoLibre, Inc.(1)		1,393		2,106,160
PDD Holdings, Inc., ADR(1)		8,120		943,950
Savers Value Village, Inc.(1)		17,630		339,906
				15,873,034
Capital Markets — 0.2%
Ares Management Corp., Class A		3,833		509,712
				509,712
Chemicals — 0.1%
Aspen Aerogels, Inc.(1)		11,822		208,067
				208,067
Consumer Finance — 0.3%
Capital One Financial Corp.		5,500		818,895
				818,895
Electrical Equipment — 1.6%
Eaton Corp. PLC		10,974		3,431,350
NEXTracker, Inc., Class A(1)		9,511		535,184
				3,966,534
Electronic Equipment, Instruments & Components — 1.7%
Flex Ltd.(1)		98,123		2,807,299
Jabil, Inc.		11,093		1,485,907
				4,293,206

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Energy Equipment & Services — 0.1%
Schlumberger NV		2,643	$	144,863
				144,863
Entertainment — 5.1%
Live Nation Entertainment, Inc.(1)		6,600		698,082
Netflix, Inc.(1)		8,189		4,973,425
Universal Music Group NV (Netherlands)		145,641		4,379,241
Warner Music Group Corp., Class A		71,125		2,348,548
				12,399,296
Financial Services — 4.8%
Apollo Global Management, Inc.		1,941		218,265
Corebridge Financial, Inc.		20,952		601,951
Fiserv, Inc.(1)		3,280		524,210
Global Payments, Inc.		11,874		1,587,079
Mastercard, Inc., Class A		9,004		4,336,056
Rocket Cos., Inc., Class A(1)		15,678		228,115
Visa, Inc., Class A		14,930		4,166,664
				11,662,340
Ground Transportation — 4.9%
Uber Technologies, Inc.(1)		156,004		12,010,748
				12,010,748
Health Care Equipment & Supplies — 4.1%
Align Technology, Inc.(1)		2,022		663,054
Boston Scientific Corp.(1)		86,358		5,914,660
Glaukos Corp.(1)		5,432		512,183
Hologic, Inc.(1)		6,300		491,148
Inspire Medical Systems, Inc.(1)		1,714		368,150
Lantheus Holdings, Inc.(1)		2,330		145,019
Masimo Corp.(1)		9,686		1,422,389
Penumbra, Inc.(1)		1,500		334,770
Pulmonx Corp.(1)		3,191		29,581
RxSight, Inc.(1)		1,117		57,615
				9,938,569
Health Care Providers & Services — 0.9%
HealthEquity, Inc.(1)		27,733		2,263,845
				2,263,845
Hotels, Restaurants & Leisure — 2.8%
Airbnb, Inc., Class A(1)		20,449		3,373,267
Domino’s Pizza, Inc.		2,900		1,440,952
Flutter Entertainment PLC (Ireland)(1)		8,008		1,598,904
Kura Sushi USA, Inc., Class A(1)		2,874		330,970
				6,744,093
Industrial Conglomerates — 1.9%
General Electric Co.		25,883		4,543,243
				4,543,243
Insurance — 1.0%
Arthur J Gallagher & Co.		7,303		1,826,042
BRP Group, Inc., Class A(1)		21,668		627,072
				2,453,114
Interactive Media & Services — 5.6%
Alphabet, Inc., Class A(1)		73,370		11,073,734
Meta Platforms, Inc., Class A		5,338		2,592,026
				13,665,760

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
IT Services — 1.4%
Gartner, Inc.(1)		2,042	$	973,360
MongoDB, Inc.(1)		7,040		2,524,826
				3,498,186
Life Sciences Tools & Services — 3.3%
Agilent Technologies, Inc.		3,140		456,901
Bio-Techne Corp.		6,413		451,411
Bruker Corp.		12,958		1,217,275
Chemometec AS (Denmark)		3,037		187,652
Codexis, Inc.(1)		30,200		105,398
Danaher Corp.		8,097		2,021,983
MaxCyte, Inc.(1)		30,388		127,326
Repligen Corp.(1)		4,621		849,894
Sartorius Stedim Biotech (France)		3,148		897,090
Thermo Fisher Scientific, Inc.		3,069		1,783,733
				8,098,663
Machinery — 2.3%
Chart Industries, Inc.(1)		1,900		312,968
Energy Recovery, Inc.(1)		7,308		115,393
Ingersoll Rand, Inc.		29,918		2,840,714
Parker-Hannifin Corp.		3,168		1,760,743
Westinghouse Air Brake Technologies Corp.		4,856		707,422
				5,737,240
Oil, Gas & Consumable Fuels — 2.3%
Cheniere Energy, Inc.		12,922		2,084,060
Range Resources Corp.		32,658		1,124,415
Reliance Industries Ltd., GDR(2)		34,263		2,446,378
				5,654,853
Passenger Airlines — 0.5%
Ryanair Holdings PLC, ADR		9,359		1,362,577
				1,362,577
Personal Care Products — 0.4%
Estee Lauder Cos., Inc., Class A		6,120		943,398
				943,398
Pharmaceuticals — 3.1%
Aclaris Therapeutics, Inc.(1)		4,400		5,456
Chugai Pharmaceutical Co. Ltd. (Japan)		11,153		426,281
Eli Lilly & Co.		8,328		6,478,851
Teva Pharmaceutical Industries Ltd., ADR(1)		42,500		599,675
				7,510,263
Professional Services — 3.0%
Equifax, Inc.		12,953		3,465,187
KBR, Inc.		41,100		2,616,426
RELX PLC, ADR		8,000		346,320
TransUnion		11,925		951,615
				7,379,548
Semiconductors & Semiconductor Equipment — 16.9%
Allegro MicroSystems, Inc.(1)		32,347		872,075
ASML Holding NV		3,600		3,493,692
Astera Labs, Inc.(1)		400		29,676
BE Semiconductor Industries NV (Netherlands)		13,675		2,087,919
KLA Corp.		2,395		1,673,075

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Semiconductors & Semiconductor Equipment — (continued)
Micron Technology, Inc.		12,834	$	1,513,000
Monolithic Power Systems, Inc.		1,206		816,968
NVIDIA Corp.		24,428		22,072,164
NXP Semiconductors NV		9,600		2,378,592
SiTime Corp.(1)		8,452		787,980
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		32,176		4,377,545
Universal Display Corp.		7,042		1,186,225
				41,288,911
Software — 16.1%
HubSpot, Inc.(1)		2,790		1,748,102
Manhattan Associates, Inc.(1)		6,660		1,666,532
Microsoft Corp.		78,223		32,909,980
Monday.com Ltd.(1)		2,725		615,496
Nice Ltd., ADR(1)		5,322		1,387,020
ServiceNow, Inc.(1)		1,181		900,394
Volue ASA (Norway)(1)		25,743		71,078
				39,298,602
Technology Hardware, Storage & Peripherals — 3.5%
Apple, Inc.		49,635		8,511,410
				8,511,410
Textiles, Apparel & Luxury Goods — 0.8%
LVMH Moet Hennessy Louis Vuitton SE (France)		1,107		1,001,212
Samsonite International SA(1)(2)		245,452		929,277
				1,930,489
Trading Companies & Distributors — 1.0%
Ferguson PLC (United Kingdom)		10,784		2,360,390
				2,360,390
Total Common Stocks (Cost $150,287,998)				244,435,172
	Principal Amount		Value
Repurchase Agreements — 0.3%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $728,616, due 4/1/2024(3)	$	728,486		728,486
Total Repurchase Agreements (Cost $728,486)				728,486
Total Investments — 100.4% (Cost $151,016,484)				245,163,658
Liabilities in excess of other assets — (0.4)%				(873,335	)
Total Net Assets — 100.0%			$	244,290,323

(1) Non-income-producing 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 March 31, 2024, the aggregate market value of these securities amounted to $3,375,655, representing 1.4% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s 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 Bond		4.25	%		2/15/2054	$	752,100	$	743,097

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

Legend:

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN LARGE CAP FUNDAMENTAL GROWTH VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	229,824,102	$	14,611,070	*	$	—	$	244,435,172
Repurchase Agreements		—		728,486			—		728,486
Total	$	229,824,102	$	15,339,556		$	—	$	245,163,658

^*  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 TRADITIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 100.3%
Aerospace & Defense — 1.4%
L3Harris Technologies, Inc.		4,703	$	1,002,209
				1,002,209
Biotechnology — 2.6%
Argenx SE, ADR(1)		1,256		494,512
Ascendis Pharma AS, ADR(1)		3,356		507,326
Sarepta Therapeutics, Inc.(1)		3,595		465,409
Vaxcyte, Inc.(1)		5,757		393,261
				1,860,508
Capital Markets — 2.8%
Cboe Global Markets, Inc.		2,110		387,670
Charles Schwab Corp.		8,742		632,396
LPL Financial Holdings, Inc.		3,714		981,239
				2,001,305
Chemicals — 1.1%
Corteva, Inc.		13,693		789,675
				789,675
Commercial Services & Supplies — 5.0%
Cimpress PLC(1)		8,039		711,532
Clean Harbors, Inc.(1)		3,023		608,560
RB Global, Inc.		9,956		758,349
Rentokil Initial PLC (United Kingdom)		31,586		188,496
Rentokil Initial PLC, ADR		21,749		655,732
Veralto Corp.		7,623		675,855
				3,598,524
Construction & Engineering — 0.5%
API Group Corp.(1)		9,949		390,697
				390,697
Consumer Staples Distribution & Retail — 0.7%
Dollar Tree, Inc.(1)		3,619		481,870
				481,870
Electric Utilities — 1.8%
Alliant Energy Corp.		25,053		1,262,671
				1,262,671
Electrical Equipment — 2.2%
Regal Rexnord Corp.		1,527		275,013
Sensata Technologies Holding PLC		35,375		1,299,677
				1,574,690
Electronic Equipment, Instruments & Components — 5.2%
Flex Ltd.(1)		58,811		1,682,583
TE Connectivity Ltd.		3,989		579,362
Teledyne Technologies, Inc.(1)		3,365		1,444,662
				3,706,607
Entertainment — 1.8%
Liberty Media Corp.-Liberty Formula One, Class A(1)		1,840		108,082
Liberty Media Corp.-Liberty Formula One, Class C(1)		18,444		1,209,926
				1,318,008
Financial Services — 5.3%
Fidelity National Information Services, Inc.		7,744		574,450
Global Payments, Inc.		4,415		590,109
WEX, Inc.(1)		10,928		2,595,728
				3,760,287

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Ground Transportation — 3.6%
JB Hunt Transport Services, Inc.		7,740	$	1,542,195
TFI International, Inc.		6,332		1,009,701
				2,551,896
Health Care Equipment & Supplies — 8.4%
Boston Scientific Corp.(1)		34,268		2,347,015
Cooper Cos., Inc.		6,824		692,363
Dentsply Sirona, Inc.		15,284		507,276
ICU Medical, Inc.(1)		4,490		481,867
Teleflex, Inc.		8,595		1,943,931
				5,972,452
Hotels, Restaurants & Leisure — 2.5%
Aramark		28,217		917,617
DoorDash, Inc., Class A(1)		3,230		444,836
Entain PLC (United Kingdom)		41,028		412,412
				1,774,865
Insurance — 5.8%
Intact Financial Corp. (Canada)		11,449		1,859,834
Ryan Specialty Holdings, Inc.		7,913		439,171
W.R. Berkley Corp.		20,808		1,840,260
				4,139,265
Interactive Media & Services — 0.4%
Ziff Davis, Inc.(1)		4,447		280,339
				280,339
IT Services — 5.5%
Amdocs Ltd.		16,798		1,518,036
GoDaddy, Inc., Class A(1)		20,334		2,413,239
				3,931,275
Life Sciences Tools & Services — 4.8%
Avantor, Inc.(1)		36,924		944,147
Illumina, Inc.(1)		2,619		359,641
Revvity, Inc.		14,063		1,476,615
Waters Corp.(1)		1,961		675,035
				3,455,438
Machinery — 4.9%
Fortive Corp.		11,471		986,735
Ingersoll Rand, Inc.		11,784		1,118,891
Westinghouse Air Brake Technologies Corp.		9,782		1,425,042
				3,530,668
Multi-Utilities — 2.1%
Ameren Corp.		11,929		882,269
DTE Energy Co.		5,486		615,200
				1,497,469
Passenger Airlines — 1.6%
Ryanair Holdings PLC, ADR		8,004		1,165,302
				1,165,302
Pharmaceuticals — 1.1%
Catalent, Inc.(1)		13,303		750,954
				750,954
Professional Services — 6.4%
Broadridge Financial Solutions, Inc.		6,107		1,251,080
Dayforce, Inc.(1)		12,176		806,173

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MID CAP TRADITIONAL GROWTH VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Professional Services — (continued)
SS&C Technologies Holdings, Inc.		30,334	$	1,952,600
TransUnion		7,075		564,585
				4,574,438
Semiconductors & Semiconductor Equipment — 7.8%
KLA Corp.		1,071		748,168
Lam Research Corp.		496		481,899
Microchip Technology, Inc.		13,158		1,180,404
NXP Semiconductors NV		6,550		1,622,894
ON Semiconductor Corp.(1)		20,446		1,503,803
				5,537,168
Software — 7.2%
Constellation Software, Inc. (Canada)		1,214		3,316,083
Dynatrace, Inc.(1)		8,206		381,087
Nice Ltd., ADR(1)		4,502		1,173,311
Topicus.com, Inc. (Canada)		3,299		295,523
				5,166,004
Specialized REITs — 1.3%
Lamar Advertising Co., Class A		7,985		953,489
				953,489
Specialty Retail — 2.8%
Burlington Stores, Inc.(1)		2,535		588,602
CarMax, Inc.(1)		12,531		1,091,575
Wayfair, Inc., Class A(1)		4,406		299,079
				1,979,256
Textiles, Apparel & Luxury Goods — 1.4%
Gildan Activewear, Inc.		26,807		995,344
				995,344
Trading Companies & Distributors — 2.3%
Ferguson PLC		7,465		1,630,580
				1,630,580
Total Common Stocks (Cost $49,312,026)				71,633,253
Warrants — 0.0%
Constellation Software, Inc. (Canada)(1)(2)(3)		1,544		0
Total Warrants (Cost $0)				0
Total Investments — 100.3% (Cost $49,312,026)				71,633,253
Liabilities in excess of other assets — (0.3)%				(244,338	)
Total Net Assets — 100.0%			$	71,388,915

(1) Non-income-producing security.

(2) The table below presents the security deemed illiquid by the investment adviser.

Security	Shares		Cost		Value		Acquisition Date		% of Fund’s Net Assets
Constellation Software, Inc.		1,544	$	0	$	0		8/29/2023		0.00	%

(3) Fair valued security.

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s 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	$	71,032,345	$	600,908	*	$	—	$	71,633,253
Warrants		—		—			0		0
Total	$	71,032,345	$	600,908		$	0	$	71,633,253

^*  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

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.1%
Aerospace & Defense — 2.5%
L3Harris Technologies, Inc.		18,235	$	3,885,878
				3,885,878
Automobile Components — 1.2%
Aptiv PLC(1)		23,147		1,843,659
				1,843,659
Banks — 3.0%
Fifth Third Bancorp		84,013		3,126,124
Regions Financial Corp.		73,396		1,544,252
				4,670,376
Beverages — 2.6%
Keurig Dr Pepper, Inc.		132,203		4,054,666
				4,054,666
Building Products — 3.7%
Carlisle Cos., Inc.		14,486		5,676,339
				5,676,339
Capital Markets — 1.7%
Jefferies Financial Group, Inc.		58,708		2,589,023
				2,589,023
Chemicals — 1.7%
Ashland, Inc.		10,016		975,258
Huntsman Corp.		64,271		1,672,974
				2,648,232
Commercial Services & Supplies — 3.1%
Republic Services, Inc.		25,287		4,840,943
				4,840,943
Construction & Engineering — 2.4%
API Group Corp.(1)		47,573		1,868,192
MasTec, Inc.(1)		19,406		1,809,609
				3,677,801
Construction Materials — 3.0%
Vulcan Materials Co.		16,860		4,601,431
				4,601,431
Containers & Packaging — 2.8%
AptarGroup, Inc.		9,698		1,395,445
Graphic Packaging Holding Co.		99,846		2,913,506
				4,308,951
Distributors — 3.0%
LKQ Corp.		85,338		4,557,903
				4,557,903
Electric Utilities — 4.3%
American Electric Power Co., Inc.		39,697		3,417,912
FirstEnergy Corp.		84,582		3,266,557
				6,684,469
Energy Equipment & Services — 1.6%
Baker Hughes Co.		49,467		1,657,144
NOV, Inc.		38,446		750,466
				2,407,610

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MID CAP RELATIVE VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Entertainment — 0.1%
TKO Group Holdings, Inc.		1,629	$	140,762
				140,762
Financial Services — 2.3%
Euronet Worldwide, Inc.(1)		31,925		3,509,515
Pershing Square Tontine Holdings Ltd.(1)(2)(3)		125,172		0
				3,509,515
Ground Transportation — 1.2%
Knight-Swift Transportation Holdings, Inc.		32,307		1,777,531
				1,777,531
Health Care Equipment & Supplies — 3.6%
Alcon, Inc.		26,220		2,183,864
Zimmer Biomet Holdings, Inc.		25,452		3,359,155
				5,543,019
Health Care Providers & Services — 2.9%
Humana, Inc.		4,152		1,439,581
Laboratory Corp. of America Holdings		14,204		3,103,006
				4,542,587
Hotels, Restaurants & Leisure — 1.5%
Wendy’s Co.		45,151		850,645
Yum China Holdings, Inc.		37,494		1,491,886
				2,342,531
Household Products — 4.2%
Church & Dwight Co., Inc.		27,749		2,894,498
Reynolds Consumer Products, Inc.		124,023		3,542,097
				6,436,595
Insurance — 10.8%
Allstate Corp.		27,953		4,836,148
Arch Capital Group Ltd.(1)		53,491		4,944,708
Axis Capital Holdings Ltd.		10,241		665,870
Brown & Brown, Inc.		43,422		3,801,162
Loews Corp.		31,400		2,458,306
				16,706,194
IT Services — 1.2%
Amdocs Ltd.		19,754		1,785,169
				1,785,169
Life Sciences Tools & Services — 2.4%
Charles River Laboratories International, Inc.(1)		10,802		2,926,802
Qiagen NV(1)		16,317		701,468
				3,628,270
Machinery — 2.3%
Donaldson Co., Inc.		21,445		1,601,512
Gates Industrial Corp. PLC(1)		111,459		1,973,939
				3,575,451
Metals & Mining — 1.7%
Freeport-McMoRan, Inc.		55,733		2,620,566
				2,620,566
Mortgage REITs — 2.1%
Annaly Capital Management, Inc.		164,905		3,246,979
				3,246,979

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MID CAP RELATIVE VALUE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Office REITs — 1.7%
Boston Properties, Inc.		40,270	$	2,630,034
				2,630,034
Oil, Gas & Consumable Fuels — 4.7%
Devon Energy Corp.		29,158		1,463,149
EOG Resources, Inc.		19,795		2,530,593
Targa Resources Corp.		7,767		869,826
Valero Energy Corp.		14,184		2,421,067
				7,284,635
Professional Services — 3.7%
Dun & Bradstreet Holdings, Inc.		125,536		1,260,381
Jacobs Solutions, Inc.		29,198		4,488,609
				5,748,990
Real Estate Management & Development — 3.3%
CBRE Group, Inc., Class A(1)		52,374		5,092,848
				5,092,848
Semiconductors & Semiconductor Equipment — 2.6%
ON Semiconductor Corp.(1)		21,551		1,585,076
Teradyne, Inc.		21,062		2,376,426
				3,961,502
Software — 0.2%
Informatica, Inc., Class A(1)		10,526		368,410
				368,410
Specialized REITs — 3.9%
CubeSmart		37,628		1,701,538
Gaming & Leisure Properties, Inc.		49,228		2,267,934
Weyerhaeuser Co.		55,621		1,997,350
				5,966,822
Specialty Retail — 0.8%
Foot Locker, Inc.		21,553		614,260
RH(1)		1,765		614,679
				1,228,939
Trading Companies & Distributors — 3.7%
AerCap Holdings NV(1)		65,860		5,723,893
				5,723,893
Water Utilities — 1.6%
American Water Works Co., Inc.		19,861		2,427,213
				2,427,213
Total Common Stocks (Cost $106,926,599)				152,735,736
Warrants — 0.0%
Pershing Square Tontine Holdings Ltd.(1)(2)		14,344		0
Total Warrants (Cost $0)				0
Rights — 0.0%
Pershing Square Tontine Holdings Ltd.(1)(2)		38,465		0
Total Rights (Cost $0)				0

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MID CAP RELATIVE VALUE VIP FUND

	Principal Amount		Value
Repurchase Agreements — 0.3%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $450,644, due 4/1/2024(4)	$	450,564	$	450,564
Total Repurchase Agreements (Cost $450,564)				450,564
Total Investments — 99.4% (Cost $107,377,163)				153,186,300
Assets in excess of other liabilities — 0.6%				880,848
Total Net Assets — 100.0%			$	154,067,148

(1) Non-income-producing security.

(2) The table below presents securities deemed illiquid by the investment adviser.

Security	Shares		Cost		Value		Acquisition Date		% of Fund’s Net Assets
Pershing Square Tontine Holdings Ltd.		125,172	$	0	$	0		7/26/2022		0.00	%
Pershing Square Tontine Holdings Ltd.		14,344		0		0		7/26/2022		0.00
Pershing Square Tontine Holdings Ltd.		38,465		0		0		12/19/2023		0.00

(3) Escrow interests represent beneficial interests in bankruptcy reorganizations or liquidation proceedings and may be subject to resale, redemption or transferability restrictions. The amount and timing of future payments, if any, cannot be predicted with certainty.

(4) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	465,200	$	459,631

Legend:

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1		Level 2		Level 3		Total
Common Stocks	$	152,735,736	$	0	$	—	$	152,735,736
Warrants		—		0		—		0
Rights		—		0		—		0
Repurchase Agreements		—		450,564		—		450,564
Total	$	152,735,736	$	450,564	$	—	$	153,186,300

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 23.1%
Federal Home Loan Mortgage Corp.
2.50% due 11/1/2050	$	658,452	$	553,718
2.50% due 7/1/2051		824,236		691,384
3.50% due 2/1/2046		463,099		427,847
4.50% due 8/1/2052		1,180,326		1,138,128
5.00% due 7/1/2052		524,246		518,471
5.00% due 8/1/2052		2,002,378		1,977,654
Federal National Mortgage Association
2.00% due 6/1/2051		499,437		397,077
2.00% due 11/1/2051		603,912		483,514
2.50% due 8/1/2050		4,146,479		3,504,590
2.50% due 9/1/2050		2,533,108		2,140,131
2.50% due 1/1/2051		1,134,169		956,983
2.50% due 6/1/2051		772,785		648,465
2.50% due 8/1/2051		263,223		221,592
2.50% due 9/1/2051		398,849		335,484
2.50% due 12/1/2051		2,405,452		2,020,081
2.50% due 5/1/2052		522,396		436,348
3.00% due 12/1/2048		1,859,181		1,642,307
3.00% due 1/1/2051		515,958		452,352
3.50% due 7/1/2045		531,314		486,677
3.50% due 9/1/2051		227,451		207,522
3.50% due 4/1/2052		954,119		864,824
4.00% due 5/1/2052		976,200		917,650
4.00% due 6/1/2052		1,036,484		969,440
5.00% due 7/1/2052		700,837		694,640
5.00% due 8/1/2052		1,072,135		1,057,419
Freddie Mac Multifamily Structured Pass-Through Certificates
Series K145, Class A2
2.58% due 5/25/2032		641,000		550,703
Series KG07, Class A2
3.123% due 8/25/2032(1)(2)		1,146,000		1,025,701
Government National Mortgage Association
2.00% due 4/20/2054(3)		572,000		469,153
2.50% due 4/20/2054(3)		478,000		407,522
2.50% due 5/20/2054(3)		1,012,000		863,689
3.00% due 4/20/2054(3)		956,000		844,413
3.00% due 5/20/2054(3)		2,045,000		1,807,884
3.50% due 3/20/2052(3)		1,913,000		1,743,623
4.00% due 4/20/2054(3)		1,584,000		1,484,097
4.00% due 5/20/2054(3)		763,000		715,385
4.50% due 4/20/2054(3)		1,050,000		1,009,509
5.00% due 5/20/2054(3)		1,613,000		1,586,255
5.50% due 4/20/2054(3)		195,000		194,937
5.50% due 5/20/2054(3)		1,891,000		1,889,500
6.00% due 5/20/2054(3)		814,000		820,789
6.50% due 4/20/2054(3)		272,000		276,510
6.50% due 5/20/2054(3)		1,284,000		1,303,979
Uniform Mortgage-Backed Security
2.00% due 4/1/2054(3)		476,000		377,026
2.00% due 5/1/2054(3)		766,000		607,816
3.00% due 4/1/2054(3)		297,000		255,938
5.50% due 5/1/2039(3)		856,000		862,112
6.00% due 5/1/2039(3)		2,530,000		2,571,441
6.00% due 4/1/2054(3)		215,000		217,088
6.00% due 5/1/2054(3)		220,000		222,090
6.50% due 4/1/2054(3)		441,000		450,645
6.50% due 5/1/2054(3)		1,176,000		1,201,155
7.00% due 5/1/2054(3)		1,378,000		1,418,927
Total Agency Mortgage-Backed Securities (Cost $50,545,823)				48,922,185

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — 17.3%
Affirm Asset Securitization Trust
Series 2023-A, Class 1A
6.61% due 1/18/2028(4)	$	725,000	$	729,444
Series 2023-B, Class A
6.82% due 9/15/2028(4)		945,000		959,086
Arbor Realty Commercial Real Estate Notes Ltd.
Series 2021-FL2, Class A
6.54% due 5/15/2036(2)(4)		367,901		366,736
Ares XL CLO Ltd.
Series 2016-40A, Class A1RR
6.446% (3 mo. USD Term SOFR + 1.13%) due 1/15/2029(2)(4)		191,273		191,005
Avant Loans Funding Trust
Series 2022-REV1, Class A
6.54% due 9/15/2031(4)		1,141,471		1,142,319
Avid Automobile Receivables Trust
Series 2021-1, Class E
3.39% due 4/17/2028(4)		830,000		799,675
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A
2.36% due 3/20/2026(4)		1,545,000		1,508,033
Bain Capital Credit CLO Ltd.
Series 2023-4A, Class C
8.323% (3 mo. USD Term SOFR + 2.90%) due 10/21/2036(2)(4)		250,000		250,550
Series 2023-4A, Class D
10.423% (3 mo. USD Term SOFR + 5.00%) due 10/21/2036(2)(4)		540,000		547,994
Ballyrock CLO 23 Ltd.
Series 2023-23A, Class A1
7.305% (3 mo. USD Term SOFR + 1.98%) due 4/25/2036(2)(4)		250,000		252,197
Ballyrock CLO 25 Ltd.
Series 2023-25A, Class A2
7.774% (3 mo. USD Term SOFR + 2.45%) due 1/25/2036(2)(4)		500,000		501,648
Bank of America Auto Trust
Series 2023-1A, Class A3
5.53% due 2/15/2028(4)		545,000		547,472
Barings CLO Ltd.
Series 2019-3A, Class A1R
6.649% (3 mo. USD Term SOFR + 1.33%) due 4/20/2031(2)(4)		500,000		499,600
Capital One Multi-Asset Execution Trust
Series 2022-A1, Class A1
2.80% due 3/15/2027		1,025,000		1,000,671
Carlyle Global Market Strategies CLO Ltd.
Series 2012-3A, Class A1A2
6.756% (3 mo. USD Term SOFR + 1.44%) due 1/14/2032(2)(4)		308,210		308,457

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Carlyle U.S. CLO Ltd.
Series 2021-1A, Class A1
6.716% (3 mo. USD Term SOFR + 1.40%) due 4/15/2034(2)(4)	$	1,400,000	$	1,399,020
Series 2024-1A, Class B
7.294% (3 mo. USD Term SOFR + 2.00%) due 4/15/2037(2)(4)		450,000		449,139
CarMax Auto Owner Trust
Series 2023-1, Class B
4.98% due 1/16/2029		850,000		844,149
Chase Auto Owner Trust
Series 2024-1A, Class A3
5.13% due 5/25/2029(4)		890,000		891,543
CIFC Funding Ltd.
Series 2021-1A, Class B
7.136% (3 mo. USD Term SOFR + 1.81%) due 4/25/2033(2)(4)		260,000		260,104
Series 2021-4A, Class A
6.626% (3 mo. USD Term SOFR + 1.31%) due 7/15/2033(2)(4)		1,000,000		1,000,100
Citizens Auto Receivables Trust
Series 2023-1, Class A3
5.84% due 1/18/2028(4)		1,005,000		1,012,768
Elmwood CLO 24 Ltd.
Series 2023-3A, Class B
7.694% (3 mo. USD Term SOFR + 2.35%) due 12/11/2033(2)(4)		470,000		470,512
Exeter Automobile Receivables Trust
Series 2020-2A, Class E
7.19% due 9/15/2027(4)		1,100,000		1,101,277
Series 2022-2A, Class B
3.65% due 10/15/2026		483,032		481,441
First Investors Auto Owner Trust
Series 2021-1A, Class E
3.35% due 4/15/2027(4)		600,000		569,400
GoldenTree Loan Management U.S. CLO 19 Ltd.
Series 2024-19A, Class C
7.671% (3 mo. USD Term SOFR + 2.35%) due 4/20/2037(2)(4)		330,000		329,066
Lending Funding Trust
Series 2020-2A, Class A
2.32% due 4/21/2031(4)		936,000		869,226
Lendmark Funding Trust
Series 2021-1A, Class A
1.90% due 11/20/2031(4)		750,000		679,810
LoanCore Issuer Ltd.
Series 2022-CRE7, Class A
6.869% (30 day SOFR + 1.55%) due 1/17/2037(2)(4)		479,933		477,820
Logan CLO I Ltd.
Series 2021-1A, Class A
6.739% (3 mo. USD Term SOFR + 1.42%) due 7/20/2034(2)(4)		530,000		529,841

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Madison Park Funding Ltd.
Series 2024-58A, Class D
9.03% (3 mo. USD Term SOFR + 3.65%) due 4/25/2037(2)(4)	$	320,000	$	320,000
Magnetite XXXVIII Ltd.
Series 2024-38A, Class B
7.294% (3 mo. USD Term SOFR + 2.00%) due 4/15/2037(2)(4)		420,000		420,000
Marble Point CLO XVII Ltd.
Series 2020-1A, Class A
6.879% (3 mo. USD Term SOFR + 1.56%) due 4/20/2033(2)(4)		613,030		612,356
Marlette Funding Trust
Series 2020-2A, Class D
4.65% due 9/16/2030(4)		261,183		259,718
MF1 LLC
Series 2024-FL14, Class A
7.063% (1 mo. USD Term SOFR + 1.74%) due 3/19/2039(2)(4)		490,000		489,831
Mountain View CLO LLC
Series 2017-1A, Class AR
6.666% (3 mo. USD Term SOFR + 1.35%) due 10/16/2029(2)(4)		186,124		186,106
Neuberger Berman CLO XVII Ltd.
Series 2014-17A, Class BR2
7.079% (3 mo. USD Term SOFR + 1.76%) due 4/22/2029(2)(4)		540,000		539,352
OCP CLO Ltd.
Series 2014-5A, Class A1R
6.666% (3 mo. USD Term SOFR + 1.34%) due 4/26/2031(2)(4)		583,526		583,551
Series 2014-7A, Class A1RR
6.699% (3 mo. USD Term SOFR + 1.38%) due 7/20/2029(2)(4)		268,213		268,320
Peebles Park CLO Ltd.
Series 2024-1A, Class B1
7.304% (3 mo. USD Term SOFR + 2.00%) due 4/21/2037(2)(4)		350,000		350,000
RR 24 Ltd.
Series 2022-24A, Class A2R
7.747% (3 mo. USD Term SOFR + 2.40%) due 1/15/2036(2)(4)		530,000		533,832
Santander Consumer Auto Receivables Trust
Series 2020-BA, Class D
2.14% due 12/15/2026(4)		1,475,000		1,451,324
Santander Drive Auto Receivables Trust
Series 2022-7, Class C
6.69% due 3/17/2031		1,060,000		1,080,338
Series 2023-2, Class C
5.47% due 12/16/2030		555,000		552,313
SBNA Auto Receivables Trust
Series 2024-A, Class A3
5.32% due 12/15/2028(4)		660,000		659,371

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
SCF Equipment Leasing LLC
Series 2021-1A, Class C
1.54% due 10/21/2030(4)	$	1,000,000	$	940,111
SEB Funding LLC
Series 2021-1A, Class A2
4.969% due 1/30/2052(4)		371,070		349,775
Signal Peak CLO 8 Ltd.
Series 2020-8A, Class A
6.849% (3 mo. USD Term SOFR + 1.53%) due 4/20/2033(2)(4)		1,003,948		1,003,245
Sunrun Demeter Issuer LLC
Series 2021-2A, Class A
2.27% due 1/30/2057(4)		441,434		361,261
Texas Debt Capital CLO Ltd.
Series 2024-1A, Class B
7.263% (3 mo. USD Term SOFR + 1.95%) due 4/22/2037(2)(4)		560,000		559,391
THL Credit Wind River CLO Ltd.
Series 2013-2A, Class AR2
6.56% (3 mo. USD Term SOFR + 1.26%) due 10/18/2030(2)(4)		351,861		351,650
Towd Point Asset Trust
Series 2018-SL1, Class A
6.044% (1 mo. USD Term SOFR + 0.71%) due 1/25/2046(2)(4)		4,685		4,685
Valley Stream Park CLO Ltd.
Series 2022-1A, Class BR
7.568% (3 mo. USD Term SOFR + 2.25%) due 10/20/2034(2)(4)		470,000		470,142
Voya CLO Ltd.
Series 2018-1A, Class A2
6.871% (3 mo. USD Term SOFR + 1.56%) due 4/19/2031(2)(4)		320,000		318,528
Series 2018-2A, Class A1
6.576% (3 mo. USD Term SOFR + 1.26%) due 7/15/2031(2)(4)		405,714		405,795
Westlake Automobile Receivables Trust
Series 2020-3A, Class E
3.34% due 6/15/2026(4)		750,000		741,497
Series 2023-1A, Class C
5.74% due 8/15/2028(4)		1,015,000		1,011,663
World Omni Select Auto Trust
Series 2023-A, Class C
6.00% due 1/16/2029		985,000		992,487
Total Asset-Backed Securities (Cost $37,157,476)				36,786,745
Corporate Bonds & Notes — 48.5%
Aerospace & Defense — 0.2%
BAE Systems PLC
5.30% due 3/26/2034(4)		439,000		441,731
				441,731
Agriculture — 1.2%
BAT Capital Corp.
3.222% due 8/15/2024		833,000		824,712
5.834% due 2/20/2031		211,000		213,692
6.343% due 8/2/2030		500,000		521,225

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Agriculture — (continued)
Philip Morris International, Inc.
5.625% due 11/17/2029	$	592,000	$	610,003
Viterra Finance BV
4.90% due 4/21/2027(4)		398,000		391,138
				2,560,770
Airlines — 0.4%
American Airlines, Inc.
7.25% due 2/15/2028(4)		210,000		213,368
British Airways Pass-Through Trust
Series 2020-1, Class A
4.25% due 11/15/2032(4)		363,317		338,150
VistaJet Malta Finance PLC/Vista Management Holding, Inc.
7.875% due 5/1/2027(4)		267,000		226,053
				777,571
Apparel — 0.3%
Tapestry, Inc.
7.35% due 11/27/2028		525,000		553,544
				553,544
Auto Manufacturers — 1.0%
Ford Motor Credit Co. LLC
3.375% due 11/13/2025		275,000		264,663
4.134% due 8/4/2025		253,000		247,396
6.125% due 3/8/2034		356,000		358,303
Hyundai Capital America
1.80% due 10/15/2025(4)		402,000		380,059
5.40% due 1/8/2031(4)		332,000		333,315
5.80% due 6/26/2025(4)		278,000		278,517
JB Poindexter & Co., Inc.
8.75% due 12/15/2031(4)		272,000		281,724
				2,143,977
Beverages — 0.3%
Bacardi Ltd./Bacardi-Martini BV
5.40% due 6/15/2033(4)		350,000		347,039
Constellation Brands, Inc.
4.80% due 1/15/2029		356,000		353,017
				700,056
Biotechnology — 0.1%
Baxalta, Inc.
4.00% due 6/23/2025		175,000		172,118
				172,118
Building Materials — 0.2%
Smyrna Ready Mix Concrete LLC
6.00% due 11/1/2028(4)		249,000		244,075
Standard Industries, Inc.
4.375% due 7/15/2030(4)		303,000		272,200
				516,275
Chemicals — 1.1%
Celanese U.S. Holdings LLC
6.05% due 3/15/2025		810,000		811,709
CVR Partners LP/CVR Nitrogen Finance Corp.
6.125% due 6/15/2028(4)		265,000		255,359

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Chemicals — (continued)
International Flavors & Fragrances, Inc.
1.23% due 10/1/2025(4)	$	1,008,000	$	944,083
Rain Carbon, Inc.
12.25% due 9/1/2029(4)		249,000		258,347
Rain CII Carbon LLC/CII Carbon Corp.
7.25% due 4/1/2025(4)		6,000		5,888
				2,275,386
Coal — 0.1%
SunCoke Energy, Inc.
4.875% due 6/30/2029(4)		263,000		238,294
				238,294
Commercial Banks — 12.6%
ABN AMRO Bank NV
3.324% (3.324% fixed rate until 12/13/2031; 5 yr. CMT rate+ 1.90% thereafter) due 3/13/2037(2)(4)		400,000		323,456
Bank of America Corp.
2.087% (2.087% fixed rate until 6/14/2028; SOFR + 1.06% thereafter) due 6/14/2029(2)		769,000		679,573
3.593% (3.593% fixed rate until 7/21/2027; 3 mo. USD Term SOFR + 1.63% thereafter) due 7/21/2028(2)		987,000		938,598
Series N
1.658% (1.658% fixed rate until 3/11/2026; SOFR + 0.91% thereafter) due 3/11/2027(2)		500,000		465,775
Bank of New York Mellon Corp.
Series J
4.967% (4.967% fixed rate until 4/26/2033; SOFR + 1.61% thereafter) due 4/26/2034(2)		443,000		434,911
BankUnited, Inc.
5.125% due 6/11/2030		613,000		567,632
Barclays PLC
3.932% (3.932% fixed rate until 5/7/2024; 3 mo. USD Term SOFR + 1.83% thereafter) due 5/7/2025(2)		869,000		867,036
BBVA Bancomer SA
8.125% (8.125% fixed rate until 1/8/2034; 5 yr. CMT rate + 4.21% thereafter) due 1/8/2039(2)(4)		400,000		413,324
BNP Paribas SA
2.219% (2.219% fixed rate until 6/9/2025; SOFR + 2.07% thereafter) due 6/9/2026(2)(4)		1,019,000		979,891
4.375% (4.375% fixed rate until 3/1/2028; 5 yr. USD Swap rate + 1.48% thereafter) due 3/1/2033(2)(4)		599,000		567,103
5.738% (5.738% fixed rate until 2/20/2034; SOFR + 1.88% thereafter) due 2/20/2035(2)(4)		200,000		201,648

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Citigroup, Inc.
3.887% (3.887% fixed rate until 1/10/2027; 3 mo. USD Term SOFR + 1.82% thereafter) due 1/10/2028(2)	$	963,000	$	928,602
3.98% (3.98% fixed rate until 3/20/2029; 3 mo. USD Term SOFR + 1.60% thereafter) due 3/20/2030(2)		750,000		706,597
4.14% (4.14% fixed rate until 5/24/2024; SOFR + 1.37% thereafter) due 5/24/2025(2)		287,000		286,079
5.827% (5.827% fixed rate until 2/13/2034; SOFR + 2.06% thereafter) due 2/13/2035(2)		575,000		568,957
Citizens Bank NA
4.119% (4.119% fixed rate until 5/23/2024; SOFR + 1.40% thereafter) due 5/23/2025(2)		626,000		623,521
Danske Bank AS
6.466% (6.466% fixed rate until 1/9/2025; 1 yr. CMT rate + 2.10% thereafter) due 1/9/2026(2)(4)		434,000		435,580
First-Citizens Bank & Trust Co.
2.969% (2.969% fixed rate until 9/27/2024; 3 mo. USD Term SOFR + 1.72% thereafter) due 9/27/2025(2)		518,000		506,065
Freedom Mortgage Corp.
12.25% due 10/1/2030(4)		200,000		219,662
Intesa Sanpaolo SpA
6.625% due 6/20/2033(4)		440,000		456,878
JPMorgan Chase & Co.
3.54% (3.54% fixed rate until 5/1/2027; 3 mo. USD Term SOFR + 1.64% thereafter) due 5/1/2028(2)		613,000		585,820
3.845% (3.845% fixed rate until 6/14/2024; SOFR + 0.98% thereafter) due 6/14/2025(2)		856,000		852,482
M&T Bank Corp.
5.053% (5.053% fixed rate until 1/27/2033; SOFR + 1.85% thereafter) due 1/27/2034(2)		376,000		349,586
Macquarie Bank Ltd.
3.624% due 6/3/2030(4)		203,000		180,010
Macquarie Group Ltd.
2.691% (2.691% fixed rate until 6/23/2031; SOFR + 1.44% thereafter) due 6/23/2032(2)(4)		678,000		563,940
4.654% (4.654% fixed rate until 3/27/2028; 3 mo. USD Term SOFR + 1.95% thereafter) due 3/27/2029(2)(4)		700,000		684,789

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Mitsubishi UFJ Financial Group, Inc.
5.541% (5.541% fixed rate until 4/17/2025; 1 yr. CMT rate + 1.50% thereafter) due 4/17/2026(2)	$	320,000	$	319,962
Morgan Stanley
4.21% (4.21% fixed rate until 4/20/2027; SOFR + 1.61% thereafter) due 4/20/2028(2)		391,000		380,083
4.431% (4.431% fixed rate until 1/23/2029; 3 mo. USD Term SOFR + 1.89% thereafter) due 1/23/2030(2)		500,000		484,195
5.297% (5.297% fixed rate until 4/20/2032; SOFR + 2.62% thereafter) due 4/20/2037(2)		319,000		306,320
NatWest Group PLC
5.808% (5.808% fixed rate until 9/13/2028; 1 yr. CMT rate + 1.95% thereafter) due 9/13/2029(2)		327,000		332,353
7.472% (7.472% fixed rate until 11/10/2025; 1 yr. CMT rate + 2.85% thereafter) due 11/10/2026(2)		486,000		499,467
Royal Bank of Canada
6.00% due 11/1/2027		667,000		689,798
Truist Financial Corp.
5.711% (5.711% fixed rate until 1/24/2034; SOFR + 1.92% thereafter) due 1/24/2035(2)		466,000		468,526
U.S. Bancorp
4.839% (4.839% fixed rate until 2/1/2033; SOFR + 1.60% thereafter) due 2/1/2034(2)		562,000		533,928
4.967% (4.967% fixed rate until 7/22/2032; SOFR + 2.11% thereafter) due 7/22/2033(2)		785,000		743,481
5.678% (5.678% fixed rate until 1/23/2034; SOFR+ 1.86% thereafter) due 1/23/2035(2)		472,000		477,168
UBS AG
5.125% due 5/15/2024		872,000		870,099
UBS Group AG
1.364% (1.364% fixed rate until 1/30/2026; 1 yr. CMT rate + 1.08% thereafter) due 1/30/2027(2)(4)		473,000		437,899
1.494% (1.494% fixed rate until 8/10/2026; 1 yr. CMT rate + 0.85% thereafter) due 8/10/2027(2)(4)		504,000		458,443

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
4.703% (4.703% fixed rate until 8/5/2026; 1 yr. CMT rate + 2.05% thereafter) due 8/5/2027(2)(4)	$	365,000	$	358,266
4.988% (4.988% fixed rate until 8/5/2032; 1 yr. CMT rate + 2.40% thereafter) due 8/5/2033(2)(4)		449,000		431,327
6.327% (6.327% fixed rate until 12/22/2026; 1 yr. CMT rate + 1.60% thereafter) due 12/22/2027(2)(4)		403,000		411,612
6.373% (6.373% fixed rate until 7/15/2025; SOFR + 3.34% thereafter) due 7/15/2026(2)(4)		690,000		694,954
6.442% (6.442% fixed rate until 8/11/2027; SOFR + 3.70% thereafter) due 8/11/2028(2)(4)		509,000		524,469
Wells Fargo & Co.
2.188% (2.188% fixed rate until 4/30/2025; SOFR + 2.00% thereafter) due 4/30/2026(2)		652,000		628,091
2.393% (2.393% fixed rate until 6/2/2027; SOFR + 2.10% thereafter) due 6/2/2028(2)		864,000		791,251
3.35% (3.35% fixed rate until 3/2/2032; SOFR + 1.50% thereafter) due 3/2/2033(2)		700,000		607,922
3.584% (3.584% fixed rate until 5/22/2027; 3 mo. USD Term SOFR + 1.57% thereafter) due 5/22/2028(2)		723,000		687,356
5.389% (5.389% fixed rate until 4/24/2033; SOFR + 2.02% thereafter) due 4/24/2034(2)		221,000		219,462
				26,743,947
Commercial Services — 1.0%
Adani Ports & Special Economic Zone Ltd.
4.00% due 7/30/2027		300,000		275,370
Allied Universal Holdco LLC
7.875% due 2/15/2031(4)		448,000		453,976
EquipmentShare.com, Inc.
9.00% due 5/15/2028(4)		337,000		347,184
ERAC USA Finance LLC
5.00% due 2/15/2029(4)		480,000		481,176
Global Payments, Inc.
4.95% due 8/15/2027		631,000		626,621
				2,184,327
Computers — 0.2%
Leidos, Inc.
5.75% due 3/15/2033		355,000		364,919
				364,919

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Diversified Financial Services — 2.6%
Aircastle Ltd.
2.85% due 1/26/2028(4)	$	600,000	$	538,932
Aviation Capital Group LLC
1.95% due 1/30/2026(4)		408,000		381,048
5.50% due 12/15/2024(4)		767,000		763,495
6.375% due 7/15/2030(4)		472,000		486,292
Avolon Holdings Funding Ltd.
2.125% due 2/21/2026(4)		800,000		746,048
4.25% due 4/15/2026(4)		800,000		772,888
Capital One Financial Corp.
5.70% (5.70% fixed rate until 2/1/2029; SOFR + 1.91% thereafter) due 2/1/2030(2)		303,000		305,545
GGAM Finance Ltd.
8.00% due 2/15/2027(4)		221,000		228,034
LPL Holdings, Inc.
4.00% due 3/15/2029(4)		672,000		618,361
Navient Corp.
4.875% due 3/15/2028		234,000		217,903
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.
4.50% due 3/15/2027(4)		365,000		353,167
4.875% due 4/15/2045(4)		198,000		159,802
				5,571,515
Electric — 4.0%
AES Corp.
3.95% due 7/15/2030(4)		525,000		479,530
Alfa Desarrollo SpA
4.55% due 9/27/2051(4)		292,918		224,395
American Transmission Systems, Inc.
2.65% due 1/15/2032(4)		238,000		197,181
Appalachian Power Co.
5.65% due 4/1/2034		334,000		337,580
Ausgrid Finance Pty. Ltd.
4.35% due 8/1/2028(4)		580,000		556,875
Constellation Energy Generation LLC
6.25% due 10/1/2039		436,000		460,076
Duke Energy Indiana LLC
5.40% due 4/1/2053		236,000		231,986
Electricite de France SA
6.25% due 5/23/2033(4)		500,000		523,800
Entergy Louisiana LLC
5.70% due 3/15/2054		327,000		333,282
Indianapolis Power & Light Co.
5.65% due 12/1/2032(4)		500,000		509,425
IPALCO Enterprises, Inc.
5.75% due 4/1/2034(4)		295,000		294,622
Minejesa Capital BV
4.625% due 8/10/2030(4)		678,754		643,024
Narragansett Electric Co.
5.35% due 5/1/2034(4)		333,000		335,541
National Grid PLC
5.809% due 6/12/2033		600,000		614,808
NextEra Energy Operating Partners LP
7.25% due 1/15/2029(4)		272,000		278,569
NRG Energy, Inc.
4.45% due 6/15/2029(4)		280,000		264,835

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Electric — (continued)
Southern Co.
4.475% due 8/1/2024(2)	$	1,156,000	$	1,149,642
Vistra Operations Co. LLC
3.55% due 7/15/2024(4)		841,000		834,079
7.75% due 10/15/2031(4)		228,000		238,698
				8,507,948
Energy-Alternate Sources — 0.2%
Greenko Dutch BV
3.85% due 3/29/2026(4)		358,540		337,182
				337,182
Engineering & Construction — 0.5%
Cellnex Finance Co. SA
3.875% due 7/7/2041(4)		667,000		523,308
IRB Infrastructure Developers Ltd.
7.11% due 3/11/2032(4)		266,000		270,687
Weekley Homes LLC/Weekley Finance Corp.
4.875% due 9/15/2028(4)		251,000		232,243
				1,026,238
Entertainment — 0.4%
Cinemark USA, Inc.
5.875% due 3/15/2026(4)		217,000		214,370
Jacobs Entertainment, Inc.
6.75% due 2/15/2029(4)		255,000		247,276
Warnermedia Holdings, Inc.
3.788% due 3/15/2025		442,000		433,942
				895,588
Environmental Control — 0.1%
Veralto Corp.
5.45% due 9/18/2033(4)		204,000		206,248
				206,248
Food — 0.1%
NBM U.S. Holdings, Inc.
7.00% due 5/14/2026		236,000		236,767
				236,767
Gas — 0.8%
CenterPoint Energy Resources Corp.
1.75% due 10/1/2030		301,000		247,503
4.40% due 7/1/2032		500,000		476,370
National Fuel Gas Co.
5.50% due 1/15/2026		554,000		552,632
Southwest Gas Corp.
4.05% due 3/15/2032		413,000		378,638
				1,655,143
Hand & Machine Tools — 0.3%
Regal Rexnord Corp.
6.05% due 2/15/2026(4)		541,000		544,311
				544,311
Healthcare-Products — 1.2%
GE HealthCare Technologies, Inc.
5.65% due 11/15/2027		985,000		1,003,193
Revvity, Inc.
0.85% due 9/15/2024		750,000		732,787
Solventum Corp.
5.45% due 3/13/2031(4)		443,000		442,141
5.60% due 3/23/2034(4)		401,000		402,111
				2,580,232

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Healthcare-Services — 1.8%
Centene Corp.
2.45% due 7/15/2028	$	536,000	$	475,963
3.375% due 2/15/2030		1,116,000		989,234
4.25% due 12/15/2027		419,000		399,671
CHS/Community Health Systems, Inc.
5.25% due 5/15/2030(4)		597,000		486,913
DaVita, Inc.
4.625% due 6/1/2030(4)		238,000		213,077
Humana, Inc.
1.35% due 2/3/2027		375,000		337,875
5.875% due 3/1/2033		133,000		137,280
LifePoint Health, Inc.
9.875% due 8/15/2030(4)		207,000		216,530
Molina Healthcare, Inc.
4.375% due 6/15/2028(4)		247,000		232,365
UnitedHealth Group, Inc.
5.375% due 4/15/2054		427,000		435,446
				3,924,354
Insurance — 1.0%
Assurant, Inc.
2.65% due 1/15/2032		313,000		256,989
GA Global Funding Trust
3.85% due 4/11/2025(4)		898,000		881,171
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC
7.25% due 2/15/2031(4)		251,000		252,551
HUB International Ltd.
7.375% due 1/31/2032(4)		172,000		173,333
Metropolitan Life Global Funding I
4.05% due 8/25/2025(4)		302,000		297,244
New York Life Global Funding
4.55% due 1/28/2033(4)		187,000		180,492
				2,041,780
Internet — 0.3%
Prosus NV
3.257% due 1/19/2027(4)		700,000		648,781
				648,781
Leisure Time — 0.2%
Royal Caribbean Cruises Ltd.
6.25% due 3/15/2032(4)		143,000		144,225
7.25% due 1/15/2030(4)		229,000		237,700
				381,925
Lodging — 0.3%
Genting New York LLC/GENNY Capital, Inc.
3.30% due 2/15/2026(4)		273,000		261,368
MGM China Holdings Ltd.
4.75% due 2/1/2027		240,000		228,391
Wynn Macau Ltd.
5.625% due 8/26/2028(4)		250,000		236,750
				726,509

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Machinery-Diversified — 0.5%
Maxim Crane Works Holdings Capital LLC
11.50% due 9/1/2028(4)	$	208,000	$	225,520
nVent Finance SARL
4.55% due 4/15/2028		818,000		795,292
				1,020,812
Media — 0.8%
CCO Holdings LLC/CCO Holdings Capital Corp.
4.50% due 5/1/2032		653,000		523,765
CSC Holdings LLC
11.75% due 1/31/2029(4)		213,000		213,185
FactSet Research Systems, Inc.
3.45% due 3/1/2032		600,000		530,280
Globo Comunicacao e Participacoes SA
4.875% due 1/22/2030(4)		275,000		239,797
Gray Television, Inc.
7.00% due 5/15/2027(4)		226,000		210,368
				1,717,395
Mining — 0.9%
FMG Resources August 2006 Pty. Ltd.
4.375% due 4/1/2031(4)		280,000		250,186
Freeport Indonesia PT
6.20% due 4/14/2052		270,000		268,115
Glencore Funding LLC
4.875% due 3/12/2029(4)		342,000		337,096
5.634% due 4/4/2034(4)		483,000		485,372
6.375% due 10/6/2030(4)		216,000		227,951
Hecla Mining Co.
7.25% due 2/15/2028		246,000		247,087
				1,815,807
Miscellaneous Manufacturing — 0.1%
LSB Industries, Inc.
6.25% due 10/15/2028(4)		257,000		247,774
				247,774
Oil & Gas — 4.3%
Antero Resources Corp.
7.625% due 2/1/2029(4)		449,000		461,572
Apache Corp.
4.25% due 1/15/2030		268,000		248,385
Baytex Energy Corp.
8.50% due 4/30/2030(4)		201,000		209,731
CITGO Petroleum Corp.
8.375% due 1/15/2029(4)		245,000		256,687
Civitas Resources, Inc.
8.375% due 7/1/2028(4)		212,000		223,255
CNX Resources Corp.
6.00% due 1/15/2029(4)		229,000		224,461
Comstock Resources, Inc.
6.75% due 3/1/2029(4)		361,000		344,282
Continental Resources, Inc.
5.75% due 1/15/2031(4)		1,333,000		1,326,042
Cosan Luxembourg SA
7.25% due 6/27/2031(4)		200,000		203,856
Coterra Energy, Inc.
5.60% due 3/15/2034		537,000		541,215

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Oil & Gas — (continued)
Crescent Energy Finance LLC
9.25% due 2/15/2028(4)	$	348,000	$	367,742
Diamond Foreign Asset Co./Diamond Finance LLC
8.50% due 10/1/2030(4)		230,000		242,452
Ecopetrol SA
8.375% due 1/19/2036		324,000		327,036
EQT Corp.
5.75% due 2/1/2034		345,000		343,779
7.00% due 2/1/2030		891,000		945,832
Occidental Petroleum Corp.
6.625% due 9/1/2030		806,000		853,538
Ovintiv, Inc.
6.50% due 2/1/2038		400,000		415,752
Patterson-UTI Energy, Inc.
3.95% due 2/1/2028		175,000		165,366
Petroleos Mexicanos
6.70% due 2/16/2032		594,000		494,190
Rockcliff Energy II LLC
5.50% due 10/15/2029(4)		240,000		224,458
Transocean, Inc.
8.00% due 2/1/2027(4)		341,000		338,572
Valaris Ltd.
8.375% due 4/30/2030(4)		207,000		213,256
Vital Energy, Inc.
7.875% due 4/15/2032(4)		216,000		219,767
				9,191,226
Oil & Gas Services — 0.1%
Kodiak Gas Services LLC
7.25% due 2/15/2029(4)		216,000		220,186
				220,186
Packaging & Containers — 0.2%
LABL, Inc.
9.50% due 11/1/2028(4)		226,000		228,847
Mauser Packaging Solutions Holding Co.
7.875% due 8/15/2026(4)		214,000		218,079
				446,926
Pharmaceuticals — 1.1%
Bayer Corp.
6.65% due 2/15/2028(4)		343,000		353,053
Bayer U.S. Finance LLC
6.375% due 11/21/2030(4)		400,000		409,032
Cigna Group
2.40% due 3/15/2030		174,000		150,352
CVS Health Corp.
3.25% due 8/15/2029		1,332,000		1,222,629
5.05% due 3/25/2048		129,000		117,064
				2,252,130
Pipelines — 2.7%
Cheniere Energy Partners LP
3.25% due 1/31/2032		344,000		293,067
Columbia Pipeline Group, Inc.
4.50% due 6/1/2025		339,000		334,376
Eastern Gas Transmission & Storage, Inc.
3.00% due 11/15/2029		428,000		383,146
EIG Pearl Holdings SARL
3.545% due 8/31/2036(4)		706,000		602,910

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Pipelines — (continued)
Enbridge, Inc.
6.20% due 11/15/2030	$	249,000	$	264,079
8.50% (8.50% fixed rate until 10/15/2033; 5 yr. CMT rate + 4.43% thereafter) due 1/15/2084(2)		512,000		556,365
EQM Midstream Partners LP
7.50% due 6/1/2030(4)		231,000		246,967
Galaxy Pipeline Assets Bidco Ltd.
3.25% due 9/30/2040(4)		766,000		584,220
Genesis Energy LP/Genesis Energy Finance Corp.
8.25% due 1/15/2029		205,000		210,572
Kinder Morgan Energy Partners LP
4.25% due 9/1/2024		643,000		638,737
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.375% due 2/15/2032(4)		276,000		283,204
NGPL PipeCo LLC
3.25% due 7/15/2031(4)		314,000		268,570
Sabine Pass Liquefaction LLC
5.625% due 3/1/2025		696,000		695,520
Venture Global LNG, Inc.
8.375% due 6/1/2031(4)		372,000		384,012
				5,745,745
Real Estate Investment Trusts — 1.5%
American Tower Corp.
2.40% due 3/15/2025		448,000		434,497
2.95% due 1/15/2025		235,000		230,034
3.80% due 8/15/2029		616,000		574,833
Crown Castle, Inc.
2.10% due 4/1/2031		600,000		485,670
3.30% due 7/1/2030		491,000		436,764
EPR Properties
4.50% due 6/1/2027		180,000		171,558
4.95% due 4/15/2028		414,000		394,641
VICI Properties LP
6.125% due 4/1/2054		163,000		161,652
VICI Properties LP/VICI Note Co., Inc.
4.625% due 12/1/2029(4)		314,000		296,900
				3,186,549
Retail — 0.6%
Alimentation Couche-Tard, Inc.
5.267% due 2/12/2034(4)		458,000		457,171
Macy’s Retail Holdings LLC
5.875% due 4/1/2029(4)		235,000		230,227
NMG Holding Co., Inc./Neiman Marcus Group LLC
7.125% due 4/1/2026(4)		223,000		218,482
PetSmart, Inc./PetSmart Finance Corp.
7.75% due 2/15/2029(4)		250,000		243,557
Staples, Inc.
7.50% due 4/15/2026(4)		214,000		209,104
				1,358,541
Semiconductors — 0.5%
Broadcom, Inc.
4.15% due 4/15/2032(4)		427,000		395,996

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Semiconductors — (continued)
Micron Technology, Inc.
5.30% due 1/15/2031	$	256,000	$	257,769
SK Hynix, Inc.
5.50% due 1/16/2029(4)		308,000		307,365
				961,130
Software — 1.0%
Cloud Software Group, Inc.
6.50% due 3/31/2029(4)		283,000		268,660
9.00% due 9/30/2029(4)		349,000		334,845
Oracle Corp.
2.875% due 3/25/2031		915,000		796,178
6.25% due 11/9/2032		226,000		242,026
Workday, Inc.
3.80% due 4/1/2032		450,000		410,103
				2,051,812
Telecommunications — 1.6%
Altice France SA
8.125% due 2/1/2027(4)		227,000		174,016
AT&T, Inc.
4.30% due 2/15/2030		461,000		442,777
Frontier Communications Holdings LLC
5.00% due 5/1/2028(4)		238,000		221,076
5.875% due 11/1/2029		260,000		219,352
Sprint Capital Corp.
6.875% due 11/15/2028		939,000		999,274
8.75% due 3/15/2032		212,000		256,696
T-Mobile USA, Inc.
3.875% due 4/15/2030		572,000		535,872
4.85% due 1/15/2029		583,000		578,563
				3,427,626
Transportation — 0.1%
Rand Parent LLC
8.50% due 2/15/2030(4)		211,000		208,763
				208,763
Total Corporate Bonds & Notes (Cost $104,442,291)				102,809,858
Non-Agency Mortgage-Backed Securities — 9.0%
Angel Oak Mortgage Trust
Series 2020-1, Class A1
2.466% due 12/25/2059(1)(2)(4)		27,958		26,418
BANK
Series 2022-BNK44, Class A5
5.745% due 11/15/2055(1)(2)		510,000		537,835
Bank5
Series 2023-5YR2, Class A3
6.656% due 7/15/2056(1)(2)		260,000		274,267
Series 2023-5YR4, Class A3
6.50% due 12/15/2056		460,000		485,746
BBCMS Mortgage Trust
Series 2019-BWAY, Class B
6.75% due 11/15/2034(1)(2)(4)		160,000		53,844
Benchmark Mortgage Trust
Series 2024-V5, Class A3
5.805% due 1/10/2057		200,000		205,844
BHMS Mortgage Trust
Series 2018-ATLS, Class A
6.872% due 7/15/2035(1)(2)(4)		430,000		428,563

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
BMO Mortgage Trust
Series 2023-5C2, Class A3
7.055% due 11/15/2056(1)(2)	$	510,000	$	550,677
Series 2023-C5, Class A4
5.494% due 6/15/2056		460,000		472,744
BRAVO Residential Funding Trust
Series 2021-NQM2, Class A1
0.97% due 3/25/2060(1)(2)(4)		565,144		529,436
BX Commercial Mortgage Trust
Series 2021-XL2, Class A
6.128% due 10/15/2038(1)(2)(4)		179,062		177,541
Series 2024-XL4, Class A
6.767% due 2/15/2039(1)(2)(4)		550,000		550,860
Series 2024-XL5, Class A
6.692% due 3/15/2041(1)(2)(4)		280,000		280,035
Chase Home Lending Mortgage Trust
Series 2024-1, Class A2
6.50% due 1/25/2055(1)(2)(4)		392,271		396,217
CIM Trust
Series 2021-J3, Class A1
2.50% due 6/25/2051(1)(2)(4)		864,442		701,102
Commercial Mortgage Trust
Series 2014-CR17, Class AM
4.174% due 5/10/2047		620,000		617,035
Series 2015-LC21, Class AM
4.043% due 7/10/2048(1)(2)		522,000		506,344
Connecticut Avenue Securities Trust
Series 2022-R02, Class 2M1
6.52% due 1/25/2042(1)(2)(4)		358,736		358,632
Series 2023-R01, Class 1M1
7.721% due 12/25/2042(1)(2)(4)		940,567		965,468
Series 2023-R02, Class 1M1
7.62% due 1/25/2043(1)(2)(4)		443,622		454,423
Series 2023-R04, Class 1M1
7.621% due 5/25/2043(1)(2)(4)		302,596		308,837
Series 2023-R07, Class 2M1
7.271% due 9/25/2043(1)(2)(4)		179,507		180,685
Deephaven Residential Mortgage Trust
Series 2021-3, Class A1
1.194% due 8/25/2066(1)(2)(4)		151,348		126,900
EQUS Mortgage Trust
Series 2021-EQAZ, Class A
6.195% due 10/15/2038(1)(2)(4)		237,995		236,426
Flagstar Mortgage Trust
Series 2021-3INV, Class A2
2.50% due 6/25/2051(1)(2)(4)		592,936		479,842
Series 2021-7, Class A1
2.50% due 8/25/2051(1)(2)(4)		557,136		451,386
Freddie Mac STACR REMIC Trust
Series 2021-DNA3, Class M2
7.42% due 10/25/2033(1)(2)(4)		655,000		666,407
Series 2022-DNA1, Class M2
7.82% due 1/25/2042(1)(2)(4)		365,000		370,461
Series 2022-HQA3, Class M1A
7.62% due 8/25/2042(1)(2)(4)		197,724		201,631
Series 2023-DNA2, Class M1A
7.42% due 4/25/2043(1)(2)(4)		513,514		522,788
Series 2024-DNA1, Class A1
6.67% due 2/25/2044(1)(2)(4)		592,094		592,968

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)		Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
GCAT Trust
Series 2024-INV1, Class 1A2
5.50% due 1/25/2054(1)(2)(4)		$	494,578	$	486,185
GS Mortgage Securities Corp. Trust
Series 2021-ROSS, Class G
10.091% due 5/15/2026(1)(2)(4)			660,000		253,633
GS Mortgage-Backed Securities Trust
Series 2021-PJ2, Class A2
2.50% due 7/25/2051(1)(2)(4)			460,629		374,350
Series 2021-PJ8, Class A2
2.50% due 1/25/2052(1)(2)(4)			622,176		497,532
Series 2022-PJ6, Class A4
3.00% due 1/25/2053(1)(2)(4)			551,950		462,903
JP Morgan Chase Commercial Mortgage Securities Trust
Series 2018-MINN, Class A
6.642% due 11/15/2035(1)(2)(4)			339,000		323,629
Series 2020-MKST, Class E
8.19% due 12/15/2036(1)(2)(4)			570,000		83,479
JP Morgan Mortgage Trust
Series 2021-13, Class A3
2.50% due 4/25/2052(1)(2)(4)			483,561		389,138
Series 2021-15, Class A2
3.00% due 6/25/2052(1)(2)(4)			800,913		671,771
Series 2021-INV8, Class A2
3.00% due 5/25/2052(1)(2)(4)			453,083		379,474
Series 2022-4, Class A3
3.00% due 10/25/2052(1)(2)(4)			352,896		292,880
PFP Ltd.
Series 2023-10, Class A
7.692% due 9/16/2038(1)(2)(4)			400,000		403,303
Ready Capital Mortgage Financing LLC
Series 2022-FL8, Class A
6.971% due 1/25/2037(1)(2)(4)			863,669		863,051
Starwood Mortgage Residential Trust
Series 2020-3, Class A1
1.486% due 4/25/2065(1)(2)(4)			153,601		142,949
Verus Securitization Trust
Series 2020-1, Class A1
3.417% due 1/25/2060(1)(2)(4)			50,069		47,688
Series 2020-5, Class A1
1.218% due 5/25/2065(1)(2)(4)			205,738		191,089
Vista Point Securitization Trust
Series 2020-2, Class A1
1.475% due 4/25/2065(1)(2)(4)			107,420		97,631
Wells Fargo Mortgage-Backed Securities Trust
Series 2021-INV2, Class A2
2.50% due 9/25/2051(1)(2)(4)			401,122		326,612
Total Non-Agency Mortgage-Backed Securities (Cost $20,164,674)					18,998,659
Foreign Government — 1.4%
Brazil Government International Bonds
6.125% due 3/15/2034	USD		313,000		309,595
Colombia Government International Bonds
7.50% due 2/2/2034	USD		326,000		332,523
Development Bank of Japan, Inc.
1.25% due 10/20/2026(4)	USD		714,000		652,774
Mexico Government International Bonds
4.875% due 5/19/2033	USD		470,000		445,701

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

March 31, 2024 (unaudited)		Principal Amount		Value
Foreign Government — (continued)
Senegal Government International Bonds
6.25% due 5/23/2033(4)	USD		290,000	$	246,860
Svensk Exportkredit AB
4.25% due 2/1/2029	USD		695,000		689,850
Turkiye Ihracat Kredi Bankasi AS
7.50% due 2/6/2028(4)	USD		221,000		221,829
Total Foreign Government (Cost $2,913,473)					2,899,132
U.S. Government Securities — 8.0%
U.S. Treasury Bonds
3.875% due 2/15/2043		$	3,638,000		3,368,561
4.25% due 2/15/2054			2,031,000		2,001,487
4.375% due 8/15/2043			5,451,600		5,396,232
U.S. Treasury Notes
4.25% due 2/28/2029			3,017,100		3,023,228
4.625% due 2/28/2026			3,080,000		3,078,316
Total U.S. Government Securities (Cost $16,847,487)					16,867,824
U.S. Treasury Bills — 1.8%
U.S. Treasury Bills
5.35% due 4/4/2024(5)			3,833,000		3,831,347
Total U.S. Treasury Bills (Cost $3,831,323)					3,831,347
Repurchase Agreements — 0.6%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $1,309,282, due 4/1/2024(6)			1,309,050		1,309,050
Total Repurchase Agreements (Cost $1,309,050)					1,309,050
Total Investments — 109.7% (Cost $237,211,597)					232,424,800
Liabilities in excess of other assets — (9.7)%					(20,476,344	)
Total Net Assets — 100.0%				$	211,948,456

(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 March 31, 2024.

(3) TBA - To be announced.

(4) Securities that may be resold in transactions exempt from registration under Rule 144A of the Securities Act of 1933, as amended, normally to certain qualified buyers. At March 31, 2024, the aggregate market value of these securities amounted to $96,349,545, representing 45.5% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

(5) Interest rate shown reflects the discount rate at time of purchase.

(6) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	1,351,500	$	1,335,321

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount		Notional Value		Unrealized Appreciation/ (Depreciation)
U.S. 2-Year Treasury Note		June 2024		190		Long	$	38,990,908	$	38,852,031	$	(138,877	)
U.S. 5-Year Treasury Note		June 2024		79		Long		8,488,174		8,454,234		(33,940	)
U.S. Ultra Bond		June 2024		102		Long		12,883,153		13,158,000		274,847
Total							$	60,362,235	$	60,464,265	$	102,030

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE PLUS FIXED INCOME VIP FUND

Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Depreciation
U.S. Ultra 10-Year Treasury Note		June 2024		46		Short	$	(5,260,287	)	$	(5,272,031	)	$	(11,744	)

Legend:

CLO – Collateralized Loan Obligation

CMT – Constant Maturity Treasury

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

STACR – Structured Agency Credit Risk

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 March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	48,922,185	$	—	$	48,922,185
Asset-Backed Securities		—			36,786,745		—		36,786,745
Corporate Bonds & Notes		—			102,809,858		—		102,809,858
Non-Agency Mortgage-Backed Securities		—			18,998,659		—		18,998,659
Foreign Government		—			2,899,132		—		2,899,132
U.S. Government Securities		—			16,867,824		—		16,867,824
U.S. Treasury Bills		—			3,831,347		—		3,831,347
Repurchase Agreements		—			1,309,050		—		1,309,050
Total	$	—		$	232,424,800	$	—	$	232,424,800
Other Financial Instruments
Futures Contracts
Assets	$	274,847		$	—	$	—	$	274,847
Liabilities		(184,561	)		—		—		(184,561	)
Total	$	90,286		$	—	$	—	$	90,286

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.7%
Air Freight & Logistics — 0.7%
Forward Air Corp.		54,700	$	1,701,717
				1,701,717
Automobile Components — 0.9%
Visteon Corp.(1)		19,040		2,239,294
				2,239,294
Banks — 8.2%
Bank OZK		77,793		3,536,470
Home Bancshares, Inc.		144,000		3,538,080
Independent Bank Corp.		51,000		2,653,020
Texas Capital Bancshares, Inc.(1)		41,900		2,578,945
WaFd, Inc.		98,405		2,856,697
Wintrust Financial Corp.		41,206		4,301,494
				19,464,706
Biotechnology — 1.0%
Replimune Group, Inc.(1)		49,900		407,683
Rhythm Pharmaceuticals, Inc.(1)		16,100		697,613
Ultragenyx Pharmaceutical, Inc.(1)		29,422		1,373,713
				2,479,009
Building Products — 2.8%
Janus International Group, Inc.(1)		204,400		3,092,572
Tecnoglass, Inc.		66,200		3,444,386
				6,536,958
Chemicals — 2.4%
Avient Corp.		51,028		2,214,615
Olin Corp.		60,823		3,576,393
				5,791,008
Communications Equipment — 0.5%
Extreme Networks, Inc.(1)		107,400		1,239,396
				1,239,396
Construction & Engineering — 1.4%
Primoris Services Corp.		80,572		3,429,950
				3,429,950
Construction Materials — 1.5%
Eagle Materials, Inc.		13,200		3,587,100
				3,587,100
Consumer Finance — 3.8%
Encore Capital Group, Inc.(1)		64,966		2,963,099
OneMain Holdings, Inc.		71,600		3,658,044
PROG Holdings, Inc.		71,151		2,450,441
				9,071,584
Diversified Consumer Services — 1.1%
Stride, Inc.(1)		40,476		2,552,012
				2,552,012
Diversified REITs — 0.7%
Alexander & Baldwin, Inc.		94,400		1,554,768
				1,554,768
Diversified Telecommunication Services — 0.7%
Anterix, Inc.(1)		50,939		1,712,060
				1,712,060

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Electric Utilities — 1.4%
Portland General Electric Co.		76,804	$	3,225,768
				3,225,768
Electrical Equipment — 1.1%
EnerSys		27,435		2,591,510
				2,591,510
Electronic Equipment, Instruments & Components — 3.3%
Advanced Energy Industries, Inc.		17,692		1,804,230
Crane NXT Co.		35,800		2,216,020
Itron, Inc.(1)		27,342		2,529,682
nLight, Inc.(1)		104,122		1,353,586
				7,903,518
Energy Equipment & Services — 3.4%
Atlas Energy Solutions, Inc.		113,200		2,560,584
Helmerich & Payne, Inc.		57,994		2,439,228
Valaris Ltd.(1)		42,200		3,175,972
				8,175,784
Entertainment — 1.3%
PLAYSTUDIOS, Inc.(1)		44,181		122,823
PLAYSTUDIOS, Inc.(1)(2)		325,000		903,500
Vivid Seats, Inc., Class A(1)		329,400		1,973,106
				2,999,429
Financial Services — 2.7%
Essent Group Ltd.		44,200		2,630,342
Euronet Worldwide, Inc.(1)		35,100		3,858,543
				6,488,885
Food Products — 1.1%
Utz Brands, Inc.		143,304		2,642,526
				2,642,526
Gas Utilities — 1.1%
ONE Gas, Inc.		39,400		2,542,482
				2,542,482
Ground Transportation — 0.9%
Marten Transport Ltd.		110,389		2,039,989
				2,039,989
Health Care Equipment & Supplies — 1.5%
Lantheus Holdings, Inc.(1)		37,044		2,305,618
QuidelOrtho Corp.(1)		25,400		1,217,676
				3,523,294
Health Care Providers & Services — 4.5%
Acadia Healthcare Co., Inc.(1)		36,305		2,876,082
AMN Healthcare Services, Inc.(1)		29,000		1,812,790
HealthEquity, Inc.(1)		39,982		3,263,731
R1 RCM, Inc.(1)		208,747		2,688,661
				10,641,264
Hotel & Resort REITs — 1.0%
RLJ Lodging Trust		209,083		2,471,361
				2,471,361
Hotels, Restaurants & Leisure — 2.2%
Bloomin’ Brands, Inc.		93,100		2,670,108
Everi Holdings, Inc.(1)		246,855		2,480,893
				5,151,001

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Household Durables — 2.0%
Century Communities, Inc.		48,538	$	4,683,917
				4,683,917
Industrial REITs — 0.8%
LXP Industrial Trust		213,878		1,929,179
				1,929,179
Insurance — 1.2%
Assured Guaranty Ltd.		32,105		2,801,161
				2,801,161
IT Services — 0.7%
BigCommerce Holdings, Inc., Series 1(1)		237,000		1,632,930
				1,632,930
Life Sciences Tools & Services — 0.5%
Maravai LifeSciences Holdings, Inc., Class A(1)		142,400		1,234,608
				1,234,608
Machinery — 4.2%
Hillman Solutions Corp.(1)		357,775		3,806,726
Terex Corp.		57,800		3,722,320
Wabash National Corp.		82,200		2,461,068
				9,990,114
Media — 1.8%
Gambling.com Group Ltd.(1)		146,800		1,340,284
Gray Television, Inc.		211,516		1,336,781
Integral Ad Science Holding Corp.(1)		167,735		1,672,318
				4,349,383
Metals & Mining — 3.6%
Commercial Metals Co.		35,166		2,066,706
Constellium SE(1)		138,644		3,065,419
MP Materials Corp.(1)		120,876		1,728,526
Warrior Met Coal, Inc.		29,900		1,814,930
				8,675,581
Mortgage REITs — 0.8%
Redwood Trust, Inc.		291,658		1,857,861
				1,857,861
Office REITs — 1.3%
COPT Defense Properties		132,034		3,191,262
				3,191,262
Oil, Gas & Consumable Fuels — 5.3%
CNX Resources Corp.(1)		103,414		2,452,980
HF Sinclair Corp.		58,848		3,552,654
Magnolia Oil & Gas Corp., Class A		89,445		2,321,098
Matador Resources Co.		65,700		4,386,789
				12,713,521
Passenger Airlines — 1.5%
SkyWest, Inc.(1)		49,800		3,440,184
				3,440,184

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Personal Care Products — 0.9%
Oddity Tech Ltd., Class A(1)		48,400	$	2,102,980
				2,102,980
Pharmaceuticals — 4.2%
Axsome Therapeutics, Inc.(1)		15,800		1,260,840
Corcept Therapeutics, Inc.(1)		96,000		2,418,240
Intra-Cellular Therapies, Inc.(1)		39,471		2,731,393
Prestige Consumer Healthcare, Inc.(1)		39,900		2,895,144
Verona Pharma PLC, ADR(1)		45,700		735,313
				10,040,930
Professional Services — 2.6%
ICF International, Inc.		22,694		3,418,397
Korn Ferry		43,561		2,864,572
				6,282,969
Retail REITs — 1.2%
Kite Realty Group Trust		126,148		2,734,889
				2,734,889
Semiconductors & Semiconductor Equipment — 3.2%
indie Semiconductor, Inc., Class A(1)		295,400		2,091,432
Photronics, Inc.(1)		88,900		2,517,648
SMART Global Holdings, Inc.(1)		114,175		3,005,086
				7,614,166
Software — 2.5%
CommVault Systems, Inc.(1)		21,725		2,203,567
NCR Voyix Corp.(1)		112,882		1,425,700
Rapid7, Inc.(1)		27,434		1,345,363
WalkMe Ltd.(1)		124,590		1,071,474
				6,046,104
Specialized REITs — 1.1%
PotlatchDeltic Corp.		57,400		2,698,948
				2,698,948
Specialty Retail — 4.3%
Academy Sports & Outdoors, Inc.		33,600		2,269,344
Group 1 Automotive, Inc.		10,429		3,047,666
Murphy USA, Inc.		11,879		4,979,677
				10,296,687
Textiles, Apparel & Luxury Goods — 1.1%
Oxford Industries, Inc.		23,900		2,686,360
				2,686,360
Trading Companies & Distributors — 3.7%
Custom Truck One Source, Inc.(1)		307,117		1,787,421
GATX Corp.		24,001		3,216,854
Rush Enterprises, Inc., Class A		70,540		3,775,301
				8,779,576
Total Common Stocks (Cost $191,324,808)				237,539,683

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 0.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $1,288,403, due 4/1/2024(3)	$	1,288,174	$	1,288,174
Total Repurchase Agreements (Cost $1,288,174)				1,288,174
Total Investments — 100.2% (Cost $192,612,982)				238,827,857
Liabilities in excess of other assets — (0.2)%				(473,733	)
Total Net Assets — 100.0%			$	238,354,124

(1) Non–income–producing 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 March 31, 2024, the aggregate market value of the security amounted to $903,500, representing 0.4% of net assets.

(3) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	1,329,900	$	1,313,980

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

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 March 31, 2024 in valuing the Fund’s 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	$	237,539,683	$	—	$	—	$	237,539,683
Repurchase Agreements		—		1,288,174		—		1,288,174
Total	$	237,539,683	$	1,288,174	$	—	$	238,827,857

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN GLOBAL UTILITIES VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.9%
Bermuda — 3.4%
CK Infrastructure Holdings Ltd.		350,500	$	2,051,163
				2,051,163
Brazil — 3.4%
Cia de Saneamento Basico do Estado de Sao Paulo		122,200		2,063,712
				2,063,712
China — 2.1%
China Longyuan Power Group Corp. Ltd., Class H		1,821,613		1,282,155
				1,282,155
France — 5.7%
Engie SA		206,040		3,462,453
				3,462,453
Germany — 4.8%
RWE AG		84,526		2,868,615
				2,868,615
Italy — 4.3%
Enel SpA		397,663		2,625,165
				2,625,165
Japan — 4.1%
Kansai Electric Power Co., Inc.		113,400		1,615,748
Tokyo Gas Co. Ltd.		37,100		845,045
				2,460,793
Portugal — 2.5%
EDP-Energias de Portugal SA		389,519		1,519,582
				1,519,582
Spain — 4.8%
Iberdrola SA		230,845		2,866,129
				2,866,129
United Kingdom — 4.8%
National Grid PLC		214,369		2,884,006
				2,884,006
United States — 59.0%
American Electric Power Co., Inc.		33,352		2,871,607
Atmos Energy Corp.		24,333		2,892,464
CenterPoint Energy, Inc.		84,202		2,398,915
Dominion Energy, Inc.		73,429		3,611,972
Duke Energy Corp.		37,062		3,584,266
Edison International		41,238		2,916,764
Exelon Corp.		60,502		2,273,060
NextEra Energy, Inc.		42,781		2,734,134
NRG Energy, Inc.		2,944		199,279
PG&E Corp.		143,267		2,401,155
Sempra		36,577		2,627,326
Southern Co.		39,636		2,843,487
Vistra Corp.		59,704		4,158,383
				35,512,812
Total Common Stocks (Cost $51,475,017)				59,596,585

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN GLOBAL UTILITIES VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 0.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $270,723, due 4/1/2024(1)	$	270,675	$	270,675
Total Repurchase Agreements (Cost $270,675)				270,675
Total Investments — 99.4% (Cost $51,745,692)				59,867,260
Assets in excess of other liabilities — 0.6%				363,327
Total Net Assets — 100.0%			$	60,230,587

(1) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	279,500	$	276,154

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 March 31, 2024 in valuing the Fund’s 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	$	—	$	2,051,163	*	$	—	$	2,051,163
Brazil		2,063,712		—			—		2,063,712
China		—		1,282,155	*		—		1,282,155
France		—		3,462,453	*		—		3,462,453
Germany		—		2,868,615	*		—		2,868,615
Italy		—		2,625,165	*		—		2,625,165
Japan		—		2,460,793	*		—		2,460,793
Portugal		—		1,519,582	*		—		1,519,582
Spain		—		2,866,129	*		—		2,866,129
United Kingdom		—		2,884,006	*		—		2,884,006
United States		35,512,812		—			—		35,512,812
Repurchase Agreements		—		270,675			—		270,675
Total	$	37,576,524	$	22,290,736		$	—	$	59,867,260

^*  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

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 17.4%
Federal Home Loan Mortgage Corp.
2.50% due 9/1/2052	$	3,528,790	$	2,923,062
3.50% due 6/1/2052		2,902,997		2,603,143
4.00% due 10/1/2037		394,761		382,521
4.00% due 6/1/2052		4,046,623		3,750,382
4.50% due 9/1/2052		463,909		442,461
5.00% due 12/1/2052		1,015,293		991,871
5.50% due 9/1/2053		2,162,859		2,158,897
6.00% due 10/1/2053		2,201,256		2,221,430
Federal National Mortgage Association
2.50% due 5/1/2052		1,183,571		980,407
3.00% due 7/1/2051		1,724,931		1,485,911
3.00% due 3/1/2052		3,801,562		3,275,358
3.00% due 5/1/2052		2,092,349		1,803,755
3.50% due 6/1/2052		4,723,211		4,235,345
3.50% due 10/1/2052		1,878,223		1,683,345
3.50% due 11/1/2052		1,793,513		1,606,867
4.00% due 10/1/2052		2,410,183		2,233,741
4.00% due 12/1/2052		1,227,487		1,137,626
4.50% due 10/1/2053		2,355,279		2,243,560
5.00% due 2/1/2053		353,877		345,438
6.00% due 9/1/2053		341,660		344,809
Total Agency Mortgage-Backed Securities (Cost $37,442,357)				36,849,929
Asset-Backed Securities — 19.8%
AIMCO CLO
Series 2017-AA, Class DR
8.729% (3 mo. USD Term SOFR + 3.41%) due 4/20/2034(1)(2)		1,800,000		1,773,360
Allegro CLO VI Ltd.
Series 2017-2A, Class B
7.078% (3 mo. USD Term SOFR + 1.76%) due 1/17/2031(1)(2)		1,000,000		997,400
Anchorage Capital CLO 17 Ltd.
Series 2021-17A, Class A1
6.746% (3 mo. USD Term SOFR + 1.43%) due 7/15/2034(1)(2)		1,500,000		1,498,800
Ares XXXIV CLO Ltd.
Series 2015-2A, Class BR2
7.178% (3 mo. USD Term SOFR + 1.86%) due 4/17/2033(1)(2)		300,000		299,850
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A
2.36% due 3/20/2026(1)		1,180,000		1,151,766
Barings CLO Ltd.
Series 2020-1A, Class AR
6.726% (3 mo. USD Term SOFR + 1.41%) due 10/15/2036(1)(2)		1,350,000		1,348,757
Battalion CLO X Ltd.
Series 2016-10A, Class A1R2
6.75% (3 mo. USD Term SOFR + 1.43%) due 1/25/2035(1)(2)		1,500,000		1,496,007

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Battery Park CLO II Ltd.
Series 2022-1A, Class A1
7.528% (3 mo. USD Term SOFR + 2.21%) due 10/20/2035(1)(2)	$	1,800,000	$	1,810,620
BlueMountain CLO Ltd.
Series 2014-2A, Class BR2
7.329% (3 mo. USD Term SOFR + 2.01%) due 10/20/2030(1)(2)		600,000		598,800
CarMax Auto Owner Trust
Series 2020-4, Class B
0.85% due 6/15/2026		1,250,000		1,206,946
Cathedral Lake VI Ltd.
Series 2021-6A, Class AN
6.836% (3 mo. USD Term SOFR + 1.51%) due 4/25/2034(1)(2)		1,400,000		1,400,091
CIFC Funding Ltd.
Series 2013-4A, Class BRR
7.181% (3 mo. USD Term SOFR + 1.86%) due 4/27/2031(1)(2)		1,200,000		1,197,120
DB Master Finance LLC
Series 2021-1A, Class A2II
2.493% due 11/20/2051(1)		928,625		818,482
Dryden 80 CLO Ltd.
Series 2019-80A, Class AR
6.567% (3 mo. USD Term SOFR + 1.25%) due 1/17/2033(1)(2)		1,700,000		1,693,710
Elmwood CLO IX Ltd.
Series 2021-2A, Class C
7.479% (3 mo. USD Term SOFR + 2.16%) due 7/20/2034(1)(2)		1,000,000		984,700
GM Financial Automobile Leasing Trust
Series 2023-1, Class A3
5.16% due 4/20/2026		1,050,000		1,047,549
Greywolf CLO II Ltd.
Series 2013-1A, Class C2RR
9.777% (3 mo. USD Term SOFR + 4.46%) due 4/15/2034(1)(2)		2,400,000		2,324,076
Hyundai Auto Receivables Trust
Series 2021-A, Class A3
0.38% due 9/15/2025		316,475		313,789
ICG U.S. CLO Ltd.
Series 2018-2A, Class B
7.329% (3 mo. USD Term SOFR + 2.01%) due 7/22/2031(1)(2)		1,000,000		1,001,044
Series 2022-1A, Class A1
6.858% (3 mo. USD Term SOFR + 1.54%) due 7/20/2035(1)(2)		1,300,000		1,298,440
KKR CLO 38 Ltd.
Series 38A, Class A1
6.634% (3 mo. USD Term SOFR + 1.32%) due 4/15/2033(1)(2)		1,500,000		1,493,763

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Madison Park Funding XXIII Ltd.
Series 2017-23A, Class BR
7.131% (3 mo. USD Term SOFR + 1.81%) due 7/27/2031(1)(2)	$	1,150,000	$	1,147,240
Midocean Credit CLO VIII
Series 2018-8A, Class A2
6.881% (3 mo. USD Term SOFR + 1.56%) due 2/20/2031(1)(2)		900,000		899,370
Neuberger Berman CLO XVII Ltd.
Series 2014-17A, Class BR2
7.079% (3 mo. USD Term SOFR + 1.76%) due 4/22/2029(1)(2)		1,400,000		1,398,320
Neuberger Berman Loan Advisers CLO 40 Ltd.
Series 2021-40A, Class A
6.636% (3 mo. USD Term SOFR + 1.32%) due 4/16/2033(1)(2)		1,400,000		1,399,020
NextGear Floorplan Master Owner Trust
Series 2024-1A, Class A2
5.12% due 3/15/2029(1)		1,000,000		997,858
Nissan Auto Lease Trust
Series 2023-A, Class A4
4.80% due 7/15/2027		900,000		894,295
Octagon Investment Partners 50 Ltd.
Series 2020-4A, Class DR
8.726% (3 mo. USD Term SOFR + 3.41%) due 1/15/2035(1)(2)		400,000		374,680
OHA Credit Funding 2 Ltd.
Series 2019-2A, Class CR
7.779% (3 mo. USD Term SOFR + 2.46%) due 4/21/2034(1)(2)		1,800,000		1,790,640
Oscar U.S. Funding XV LLC
Series 2023-1A, Class A3
5.81% due 12/10/2027(1)		700,000		703,667
RRX 6 Ltd.
Series 2021-6A, Class A1
6.766% (3 mo. USD Term SOFR + 1.45%) due 1/15/2037(1)(2)		1,300,000		1,297,920
TCW CLO Ltd.
Series 2021-1A, Class A
6.749% (3 mo. USD Term SOFR + 1.43%) due 3/18/2034(1)(2)		1,500,000		1,499,700
TIAA CLO IV Ltd.
Series 2018-1A, Class A2
7.279% (3 mo. USD Term SOFR + 1.96%) due 1/20/2032(1)(2)		1,520,000		1,516,200
Trinitas CLO XVI Ltd.
Series 2021-16A, Class A1
6.759% (3 mo. USD Term SOFR + 1.44%) due 7/20/2034(1)(2)		1,200,000		1,200,480

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Voya CLO Ltd.
Series 2016-3A, Class A3R
7.31% (3 mo. USD Term SOFR + 2.01%) due 10/18/2031(1)(2)	$	835,000	$	832,078
World Omni Auto Receivables Trust
Series 2022-C, Class A2
3.73% due 3/16/2026		379,217		377,685
Total Asset–Backed Securities (Cost $42,098,474)				42,084,223
Senior Secured Loans — 3.9%
Advertising — 0.1%
Outfront Media Capital LLC
2019 Term Loan B
7.077% (1 mo. USD Term SOFR + 1.75%) due 11/18/2026(2)		200,000		199,562
				199,562
Airlines — 0.8%
Air Canada
2024 Term Loan B
7.833% (3 mo. USD Term SOFR + 2.50%) due 3/21/2031(2)		325,000		325,205
American Airlines, Inc.
2021 Term Loan
10.329% (3 mo. USD Term SOFR + 4.75%) due 4/20/2028(2)		447,368		464,082
Kestrel Bidco, Inc.
Term Loan B
8.43% (1 mo. USD Term SOFR + 3.00%) due 12/11/2026(2)		46,440		46,390
United Airlines, Inc.
2024 Term Loan B
8.076% (3 mo. USD Term SOFR + 2.75%) due 2/15/2031(2)		275,000		274,956
WestJet Loyalty LP
Term Loan B
9.057% (3 mo. USD Term SOFR + 3.75%) due 2/14/2031(2)		625,000		624,481
				1,735,114
Commercial Services — 0.1%
Vestis Corp.
Term Loan
7.576% (3 mo. USD Term SOFR + 2.25%) due 2/22/2031(2)		150,000		149,813
				149,813
Distribution/Wholesale — 0.2%
Core & Main LP
2024 Incremental Term Loan B
7.564% (3 mo. USD Term SOFR + 2.25%) due 2/9/2031(2)		400,000		398,500
				398,500

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Electric — 0.2%
ExGen Renewables IV LLC
2020 Term Loan
8.105% (3 mo. USD Term SOFR + 2.50%) due 12/15/2027(2)	$	400,000	$	400,000
				400,000
Entertainment — 0.8%
Bally’s Corp.
2021 Term Loan B
8.829% (3 mo. USD Term SOFR + 3.25%) due 10/2/2028(2)		496,193		465,334
Caesars Entertainment, Inc.
2024 Term Loan B1
8.041% (3 mo. USD Term SOFR + 2.75%) due 2/6/2031(2)		650,000		650,000
Flutter Financing BV
Term Loan B
7.559% (3 mo. USD Term SOFR + 2.25%) due 11/29/2030(2)		598,500		598,177
				1,713,511
Healthcare-Services — 0.5%
DaVita, Inc.
2020 Term Loan B
0.00% due 8/12/2026(2)(3)		498,683		498,469
ICON Luxembourg SARL
2024 LUX Term Loan B
7.302% (1 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		439,917		440,683
PRA Health Sciences, Inc.
2024 US Term Loan B
7.302% (3 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		109,606		109,796
				1,048,948
Leisure Time — 0.1%
Alterra Mountain Co.
2024 Add-on Term Loan B
0.00% due 5/31/2030(2)(3)		200,000		200,750
				200,750
Lodging — 0.6%
Fertitta Entertainment LLC
2022 Term Loan B
9.077% (1 mo. USD Term SOFR + 3.75%) due 1/29/2029(2)		496,203		497,135
Hilton Grand Vacations Borrower LLC
2024 Incremental Term Loan B
0.00% due 1/17/2031(2)(3)		250,000		250,390
Station Casinos LLC
2024 Term Loan B
0.00% due 3/7/2031(2)(3)		600,000		598,842
				1,346,367

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Media — 0.3%
Nexstar Broadcasting, Inc.
2019 Term Loan B4
7.941% (1 mo. USD Term SOFR + 2.50%) due 9/18/2026(2)	$	650,000	$	649,818
				649,818
Software — 0.2%
Dun & Bradstreet Corp.
2024 Term Loan B
8.082% (1 mo. USD Term SOFR + 2.75%) due 1/18/2029(2)		500,000		499,765
				499,765
Total Senior Secured Loans (Cost $8,341,996)				8,342,148
Corporate Bonds & Notes — 27.0%
Advertising — 0.2%
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25% due 1/15/2029(1)		500,000		453,070
				453,070
Aerospace & Defense — 0.3%
Bombardier, Inc.
7.875% due 4/15/2027(1)		435,000		435,831
L3Harris Technologies, Inc.
5.35% due 6/1/2034		300,000		300,267
				736,098
Agriculture — 0.3%
Archer-Daniels-Midland Co.
2.90% due 3/1/2032		800,000		690,640
				690,640
Auto Manufacturers — 0.1%
Hyundai Capital America
5.40% due 1/8/2031(1)		300,000		301,188
				301,188
Auto Parts & Equipment — 0.4%
Adient Global Holdings Ltd.
8.25% due 4/15/2031(1)		500,000		528,245
American Axle & Manufacturing, Inc.
5.00% due 10/1/2029		250,000		224,540
				752,785
Beverages — 0.1%
Anheuser-Busch InBev Worldwide, Inc.
4.95% due 1/15/2042		300,000		291,459
				291,459
Biotechnology — 0.4%
Amgen, Inc.
5.60% due 3/2/2043		500,000		508,695
Gilead Sciences, Inc.
5.25% due 10/15/2033		200,000		204,256
5.55% due 10/15/2053		100,000		103,559
				816,510

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Building Materials — 0.1%
Carrier Global Corp.
3.377% due 4/5/2040	$	200,000	$	156,616
				156,616
Commercial Banks — 6.4%
AIB Group PLC
5.871% (5.871% fixed rate until 3/28/2034; SOFR + 1.91% thereafter) due 3/28/2035(1)(2)		500,000		502,470
Bank of America Corp.
1.898% (1.898% fixed rate until 7/23/2030; SOFR + 1.53% thereafter) due 7/23/2031(2)		1,000,000		821,410
4.271% (4.271% fixed rate until 7/23/2028; 3 mo. USD Term SOFR + 1.57% thereafter) due 7/23/2029(2)		800,000		771,024
Bank of Ireland Group PLC
5.601% (5.601% fixed rate until 3/20/2029; SOFR + 1.62% thereafter) due 3/20/2030(1)(2)		400,000		400,440
BNP Paribas SA
5.176% (5.176% fixed rate until 1/9/2029; SOFR + 1.52% thereafter) due 1/9/2030(1)(2)		1,100,000		1,099,956
5.497% (5.497% fixed rate until 5/20/2029; SOFR + 1.59% thereafter) due 5/20/2030(1)(2)		600,000		601,326
Danske Bank AS
5.705% (5.705% fixed rate until 3/1/2029; 1 yr. CMT rate + 1.40% thereafter) due 3/1/2030(1)(2)		800,000		805,912
Deutsche Bank AG
2.311% (2.311% fixed rate until 11/16/2026; SOFR + 1.22% thereafter) due 11/16/2027(2)		1,900,000		1,736,315
JPMorgan Chase & Co.
4.493% (4.493% fixed rate until 3/24/2030; 3 mo. USD Term SOFR + 3.79% thereafter) due 3/24/2031(2)		600,000		580,302
5.04% (5.04% fixed rate until 1/23/2027; SOFR + 1.19% thereafter) due 1/23/2028(2)		300,000		299,055
5.336% (5.336% fixed rate until 1/23/2034; SOFR + 1.62% thereafter) due 1/23/2035(2)		600,000		602,520
Lloyds Banking Group PLC
3.574% (3.574% fixed rate until 11/7/2027; 3 mo. USD Term SOFR + 1.43% thereafter) due 11/7/2028(2)		800,000		750,464

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Morgan Stanley
2.239% (2.239% fixed rate until 7/21/2031; SOFR + 1.18% thereafter) due 7/21/2032(2)	$	600,000	$	489,624
5.123% (5.123% fixed rate until 2/1/2028; SOFR + 1.73% thereafter) due 2/1/2029(2)		300,000		299,490
5.173% (5.173% fixed rate until 1/16/2029; SOFR + 1.45% thereafter) due 1/16/2030(2)		800,000		800,032
NatWest Group PLC
5.076% (5.076% fixed rate until 1/27/2029; 3 mo. USD Term SOFR + 2.13% thereafter) due 1/27/2030(2)		900,000		883,845
5.808% (5.808% fixed rate until 9/13/2028; 1 yr. CMT rate + 1.95% thereafter) due 9/13/2029(2)		900,000		914,733
Sumitomo Mitsui Trust Bank Ltd.
5.20% due 3/7/2029(1)		400,000		403,072
U.S. Bancorp
5.836% (5.836% fixed rate until 6/10/2033; SOFR + 2.26% thereafter) due 6/12/2034(2)		600,000		612,120
UBS Group AG
3.869% (3.869% fixed rate until 1/12/2028; 3 mo. USD Term SOFR + 1.63% thereafter) due 1/12/2029(1)(2)		300,000		283,773
				13,657,883
Commercial Services — 0.6%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
5.375% due 3/1/2029(1)		500,000		466,805
ERAC USA Finance LLC
5.20% due 10/30/2034(1)		800,000		797,864
				1,264,669
Cosmetics & Personal Care — 0.1%
Kenvue, Inc.
5.05% due 3/22/2053		200,000		195,772
				195,772
Diversified Financial Services — 0.3%
Charles Schwab Corp.
6.136% (6.136% fixed rate until 8/24/2033; SOFR + 2.01% thereafter) due 8/24/2034(2)		200,000		208,816
Jefferies Financial Group, Inc.
5.875% due 7/21/2028		400,000		407,720
Mastercard, Inc.
4.85% due 3/9/2033		100,000		100,731
				717,267

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Electric — 1.8%
Constellation Energy Generation LLC
5.75% due 3/15/2054	$	300,000	$	301,038
Florida Power & Light Co.
4.05% due 10/1/2044		300,000		256,518
National Grid PLC
5.418% due 1/11/2034		1,000,000		993,990
Public Service Electric & Gas Co.
5.45% due 8/1/2053		100,000		102,985
Public Service Enterprise Group, Inc.
5.45% due 4/1/2034		700,000		702,562
Wisconsin Public Service Corp.
2.85% due 12/1/2051		100,000		63,971
Xcel Energy, Inc.
5.50% due 3/15/2034		1,300,000		1,293,565
				3,714,629
Electronics — 0.2%
Honeywell International, Inc.
1.95% due 6/1/2030		400,000		341,280
				341,280
Entertainment — 0.8%
Caesars Entertainment, Inc.
8.125% due 7/1/2027(1)		500,000		511,870
Cinemark USA, Inc.
5.25% due 7/15/2028(1)		250,000		236,725
Light & Wonder International, Inc.
7.00% due 5/15/2028(1)		500,000		504,185
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
7.125% due 2/15/2031(1)		450,000		465,610
				1,718,390
Environmental Control — 0.7%
Waste Management, Inc.
4.15% due 4/15/2032		1,600,000		1,529,440
				1,529,440
Food — 0.6%
Campbell Soup Co.
5.40% due 3/21/2034		400,000		403,280
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
5.75% due 4/1/2033		700,000		690,312
6.50% due 12/1/2052		100,000		99,008
				1,192,600
Gas — 0.1%
CenterPoint Energy Resources Corp.
5.40% due 3/1/2033		200,000		203,400
				203,400
Healthcare-Services — 1.5%
CHS/Community Health Systems, Inc.
5.25% due 5/15/2030(1)		500,000		407,800
Elevance Health, Inc.
4.75% due 2/15/2033		400,000		390,300
5.125% due 2/15/2053		100,000		95,898
HCA, Inc.
5.25% due 6/15/2026		300,000		299,178
5.50% due 6/15/2047		500,000		475,705
5.60% due 4/1/2034		200,000		201,544

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Healthcare-Services — (continued)
UnitedHealth Group, Inc.
3.05% due 5/15/2041	$	300,000	$	227,550
5.00% due 4/15/2034		800,000		802,104
5.375% due 4/15/2054		200,000		203,956
				3,104,035
Insurance — 0.8%
AIA Group Ltd.
5.375% due 4/5/2034(1)		200,000		200,244
Assurant, Inc.
3.70% due 2/22/2030		500,000		452,325
Chubb INA Holdings, Inc.
5.00% due 3/15/2034		400,000		401,684
Lincoln National Corp.
5.852% due 3/15/2034		600,000		593,646
				1,647,899
Internet — 0.2%
Amazon.com, Inc.
4.80% due 12/5/2034		400,000		403,632
				403,632
Leisure Time — 0.7%
Carnival Holdings Bermuda Ltd.
10.375% due 5/1/2028(1)		500,000		545,540
Royal Caribbean Cruises Ltd.
7.25% due 1/15/2030(1)		500,000		518,995
VOC Escrow Ltd.
5.00% due 2/15/2028(1)		500,000		481,510
				1,546,045
Lodging — 0.4%
Marriott International, Inc.
5.30% due 5/15/2034		300,000		296,775
Station Casinos LLC
4.50% due 2/15/2028(1)		500,000		471,025
				767,800
Machinery-Diversified — 0.3%
Deere & Co.
3.90% due 6/9/2042		200,000		172,658
John Deere Capital Corp.
4.50% due 1/16/2029		400,000		396,096
				568,754
Media — 0.3%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25% due 1/15/2029		200,000		170,324
5.25% due 4/1/2053		100,000		79,405
Comcast Corp.
3.75% due 4/1/2040		200,000		166,296
5.35% due 5/15/2053		200,000		198,638
				614,663
Miscellaneous Manufacturing — 0.5%
General Electric Co.
Series A
6.75% due 3/15/2032		1,000,000		1,114,790
				1,114,790
Oil & Gas — 1.0%
BP Capital Markets America, Inc.
4.812% due 2/13/2033		600,000		592,440

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Oil & Gas — (continued)
Comstock Resources, Inc.
6.75% due 3/1/2029(1)	$	500,000	$	476,845
Diamondback Energy, Inc.
6.25% due 3/15/2053		200,000		215,808
Exxon Mobil Corp.
3.482% due 3/19/2030		500,000		471,385
Marathon Oil Corp.
5.70% due 4/1/2034		400,000		401,020
				2,157,498
Packaging & Containers — 0.6%
Berry Global, Inc.
5.65% due 1/15/2034(1)		400,000		397,968
Packaging Corp. of America
5.70% due 12/1/2033		900,000		930,375
				1,328,343
Pharmaceuticals — 1.7%
AbbVie, Inc.
4.05% due 11/21/2039		400,000		356,020
5.05% due 3/15/2034		700,000		708,379
5.40% due 3/15/2054		300,000		308,742
Cigna Group
5.40% due 3/15/2033		600,000		611,370
CVS Health Corp.
5.30% due 6/1/2033		600,000		601,026
5.875% due 6/1/2053		200,000		203,478
Pfizer Investment Enterprises Pte. Ltd.
4.75% due 5/19/2033		600,000		591,036
5.30% due 5/19/2053		250,000		248,950
				3,629,001
Pipelines — 0.5%
Cheniere Energy Partners LP
5.95% due 6/30/2033		500,000		512,820
Enterprise Products Operating LLC
4.85% due 1/31/2034		400,000		394,252
4.85% due 3/15/2044		200,000		187,520
				1,094,592
Real Estate Investment Trusts — 1.1%
Crown Castle, Inc.
5.80% due 3/1/2034		900,000		921,222
Extra Space Storage LP
5.40% due 2/1/2034		500,000		498,135
Realty Income Corp.
5.125% due 2/15/2034		700,000		686,938
Regency Centers LP
5.25% due 1/15/2034		300,000		298,047
				2,404,342
Retail — 0.4%
Darden Restaurants, Inc.
6.30% due 10/10/2033		300,000		313,254
Home Depot, Inc.
4.50% due 9/15/2032		400,000		392,632
Lowe’s Cos., Inc.
3.70% due 4/15/2046		300,000		230,028
				935,914

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Semiconductors — 0.2%
Marvell Technology, Inc.
5.95% due 9/15/2033	$	400,000	$	414,844
				414,844
Software — 1.3%
Cloud Software Group, Inc.
6.50% due 3/31/2029(1)		500,000		474,665
Microsoft Corp.
3.30% due 2/6/2027		1,600,000		1,551,104
Oracle Corp.
5.55% due 2/6/2053		200,000		195,836
6.25% due 11/9/2032		400,000		428,364
				2,649,969
Telecommunications — 1.0%
Cisco Systems, Inc.
5.05% due 2/26/2034		500,000		506,945
5.30% due 2/26/2054		200,000		205,590
Rogers Communications, Inc.
4.55% due 3/15/2052		200,000		168,860
5.30% due 2/15/2034		800,000		793,136
T-Mobile USA, Inc.
2.70% due 3/15/2032		250,000		210,360
3.00% due 2/15/2041		300,000		221,106
				2,105,997
Transportation — 0.5%
Burlington Northern Santa Fe LLC
5.20% due 4/15/2054		300,000		297,384
Norfolk Southern Corp.
5.35% due 8/1/2054		300,000		296,679
5.55% due 3/15/2034		400,000		416,368
				1,010,431
Trucking & Leasing — 0.5%
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.35% due 3/30/2029(1)		400,000		400,660
SMBC Aviation Capital Finance DAC
5.55% due 4/3/2034(1)		700,000		696,899
				1,097,559
Total Corporate Bonds & Notes (Cost $56,806,165)				57,329,804
Non-Agency Mortgage-Backed Securities — 13.9%
BAMLL Commercial Mortgage Securities Trust
Series 2015-200P, Class A
3.218% due 4/14/2033(1)		550,000		529,872
BANK
Series 2017-BNK5, Class AS
3.624% due 6/15/2060		2,500,000		2,336,945
Series 2019-BNK24, Class AS
3.283% due 11/15/2062(2)(4)		1,412,000		1,240,234
Series 2022-BNK43, Class B
5.152% due 8/15/2055(2)(4)		500,000		464,899
BB-UBS Trust
Series 2012-SHOW, Class A
3.43% due 11/5/2036(1)		1,200,000		1,155,856
Bear Stearns ARM Trust
Series 2004-10, Class 1M1
5.276% due 1/25/2035(2)(4)		765,072		738,146

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
Benchmark Mortgage Trust
Series 2019-B12, Class AS
3.419% due 8/15/2052	$	2,000,000	$	1,803,423
Series 2024-V5, Class AM
6.417% due 1/10/2057(2)(4)		735,000		762,900
Series 2024-V5, Class B
6.059% due 1/10/2057(2)(4)		300,000		301,356
BMO Mortgage Trust
Series 2023-C6, Class AS
6.55% due 9/15/2056(2)(4)		815,000		876,265
BX Trust
Series 2019-OC11, Class A
3.202% due 12/9/2041(1)		1,000,000		890,280
Chevy Chase Funding LLC Mortgage-Backed Certificates
Series 2005-1A, Class A1
5.594% due 1/25/2036(1)(2)(4)		1,830,369		1,697,073
CHL Mortgage Pass-Through Trust
Series 2005-3, Class 1A2
6.024% due 4/25/2035(2)(4)		536,344		497,019
Citigroup Commercial Mortgage Trust
Series 2016-C3, Class AS
3.366% due 11/15/2049(2)(4)		1,000,000		929,116
Commercial Mortgage Trust
Series 2014-CR18, Class AM
4.103% due 7/15/2047		1,455,000		1,446,236
CWHEQ Revolving Home Equity Loan Trust
Series 2005-K, Class 2A1
5.68% due 2/15/2036(2)(4)		418,164		407,046
Freddie Mac STACR REMIC Trust
Series 2021-DNA7, Class M2
7.12% due 11/25/2041(1)(2)(4)		1,100,000		1,105,563
Series 2021-HQA4, Class M1
6.27% due 12/25/2041(1)(2)(4)		609,692		604,689
Series 2022-DNA1, Class M1A
6.32% due 1/25/2042(1)(2)(4)		527,066		526,863
Series 2022-HQA3, Class M1A
7.62% due 8/25/2042(1)(2)(4)		1,146,800		1,169,458
HarborView Mortgage Loan Trust
Series 2004-5, Class B1
4.598% due 6/19/2034(2)(4)		1,457,865		1,400,379
Home Equity Asset Trust
Series 2004-8, Class M5
7.044% due 3/25/2035(2)(4)		578,046		598,161
Jackson Park Trust
Series 2019-LIC, Class A
2.766% due 10/14/2039(1)		1,000,000		868,368
Series 2019-LIC, Class B
2.914% due 10/14/2039(1)		640,000		543,982
JP Morgan Mortgage Trust
Series 2005-A4, Class B1
5.086% due 7/25/2035(2)(4)		984,963		952,805
MASTR Specialized Loan Trust
Series 2005-2, Class M4
7.207% due 7/25/2035(1)(2)(4)		901,537		1,030,187
Morgan Stanley Capital I Trust
Series 2004-SD2, Class M1
6.374% due 4/25/2034(2)(4)		273,311		274,602
Series 2018-H4, Class A4
4.31% due 12/15/2051		800,000		769,451

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
Series 2020-L4, Class AS
2.88% due 2/15/2053	$	1,000,000	$	848,974
NYC Commercial Mortgage Trust
Series 2021-909, Class C
3.206% due 4/10/2043(1)(2)(4)		385,000		255,753
ONE Park Mortgage Trust
Series 2021-PARK, Class B
6.39% due 3/15/2036(1)(2)(4)		500,000		476,981
SLG Office Trust
Series 2021-OVA, Class A
2.585% due 7/15/2041(1)		1,600,000		1,322,161
Stack Infrastructure Issuer LLC
Series 2021-1A, Class A2
1.877% due 3/26/2046(1)		750,000		691,683
Total Non-Agency Mortgage-Backed Securities (Cost $30,401,457)				29,516,726
U.S. Government Agencies — 1.3%
Federal Home Loan Bank Discount Notes
5.239% due 4/1/2024(5)		2,800,000		2,798,330
Total U.S. Government Agencies (Cost $2,800,000)				2,798,330
U.S. Government Securities — 14.8%
U.S. Treasury Bonds
4.25% due 2/15/2054		10,100,000		9,953,234
4.50% due 2/15/2044		16,700,000		16,820,031
U.S. Treasury Notes
4.25% due 2/28/2029		3,000,000		3,006,094
4.625% due 2/28/2026		1,500,000		1,499,180
Total U.S. Government Securities (Cost $31,000,051)				31,278,539
Commercial Paper — 0.6%
Bristol-Myers Squibb Co.
5.399% due 4/2/2024(1)		1,300,000		1,299,808
Total Commercial Paper (Cost $1,299,808)				1,299,808
	Shares		Value
Exchange-Traded Funds — 1.5%
iShares MBS ETF		18,085		1,671,416
Vanguard Mortgage-Backed Securities ETF		34,585		1,577,422
Total Exchange-Traded Funds (Cost $3,065,403)				3,248,838
	Principal Amount		Value
Repurchase Agreements — 0.2%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $326,294, due 4/1/2024(6)	$	326,236		326,236
Total Repurchase Agreements (Cost $326,236)				326,236
Total Investments — 100.4% (Cost $213,581,947)				213,074,581
Liabilities in excess of other assets — (0.4)%				(881,085	)
Total Net Assets — 100.0%			$	212,193,496

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

(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 March 31, 2024, the aggregate market value of these securities amounted to $66,283,029, representing 31.2% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s 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 March 31, 2024.

(3) Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

(4) Variable coupon rate based on weighted average interest rate of underlying mortgages.

(5) Interest rate shown reflects the discount rate at time of purchase.

(6) The table below presents collateral for repurchase agreements.

Security	Coupon	Maturity Date		Principal Amount		Value
U.S. Treasury Bond	4.25%		2/15/2054	$	336,800	$	332,768

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount		Notional Value		Unrealized Appreciation/ (Depreciation)
U.S. 2-Year Treasury Note		June 2024		132		Long	$	27,247,850	$	26,991,938	$	(255,912	)
U.S. 5-Year Treasury Note		June 2024		224		Long		23,923,418		23,971,500		48,082
U.S. Long Bond		June 2024		12		Long		1,440,009		1,445,250		5,241
U.S. Ultra Bond		June 2024		9		Long		1,160,811		1,161,000		189
Total							$	53,772,088	$	53,569,688	$	(202,400	)

Legend:

CLO – Collateralized Loan Obligation

CMT – Constant Maturity Treasury

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

STACR – Structured Agency Credit Risk

USD – United States Dollar

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN MULTI-SECTOR BOND VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	36,849,929	$	—	$	36,849,929
Asset-Backed Securities		—			42,084,223		—		42,084,223
Senior Secured Loans		—			8,342,148		—		8,342,148
Corporate Bonds & Notes		—			57,329,804		—		57,329,804
Non-Agency Mortgage-Backed Securities		—			29,516,726		—		29,516,726
U.S. Government Agencies		—			2,798,330		—		2,798,330
U.S. Government Securities		—			31,278,539		—		31,278,539
Commercial Paper		—			1,299,808		—		1,299,808
Exchange-Traded Funds		3,248,838			—		—		3,248,838
Repurchase Agreements		—			326,236		—		326,236
Total	$	3,248,838		$	209,825,743	$	—	$	213,074,581
Other Financial Instruments
Futures Contracts
Assets	$	53,512		$	—	$	—	$	53,512
Liabilities		(255,912	)		—		—		(255,912	)
Total	$	(202,400	)	$	—	$	—	$	(202,400	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 16.6%
Federal Home Loan Mortgage Corp.
3.00% due 3/1/2052	$	2,002,313	$	1,726,293
3.50% due 6/1/2052		3,628,746		3,253,929
4.00% due 10/1/2037		394,761		382,521
4.00% due 6/1/2052		674,437		625,064
4.50% due 9/1/2052		463,909		442,461
5.00% due 12/1/2052		1,199,892		1,172,211
5.50% due 9/1/2053		2,471,839		2,467,311
6.00% due 10/1/2053		2,488,376		2,511,182
Federal National Mortgage Association
2.50% due 1/1/2052		3,739,809		3,094,409
2.50% due 5/1/2052		2,570,269		2,129,074
3.00% due 7/1/2051		2,156,164		1,857,389
3.00% due 3/1/2052		3,245,235		2,796,037
3.00% due 5/1/2052		4,548,586		3,921,206
3.50% due 6/1/2052		4,178,225		3,746,652
3.50% due 10/1/2052		2,253,867		2,020,013
3.50% due 11/1/2052		2,171,094		1,945,155
4.00% due 10/1/2052		2,780,981		2,577,393
4.00% due 12/1/2052		1,227,487		1,137,626
4.50% due 10/1/2053		2,747,825		2,617,486
5.00% due 2/1/2053		405,095		395,436
6.00% due 9/1/2053		389,113		392,699
Total Agency Mortgage-Backed Securities (Cost $41,944,534)				41,211,547
Asset-Backed Securities — 22.8%
Allegro CLO VI Ltd.
Series 2017-2A, Class B
7.078% (3 mo. USD Term SOFR + 1.76%) due 1/17/2031(1)(2)		1,000,000		997,400
Anchorage Capital CLO 17 Ltd.
Series 2021-17A, Class A1
6.746% (3 mo. USD Term SOFR + 1.43%) due 7/15/2034(1)(2)		1,700,000		1,698,640
Anchorage Capital CLO 7 Ltd.
Series 2015-7A, Class BR2
7.331% (3 mo. USD Term SOFR + 2.01%) due 1/28/2031(1)(2)		500,000		498,900
Ares XXXIIR CLO Ltd.
Series 2014-32RA, Class B
7.369% (3 mo. USD Term SOFR + 2.06%) due 5/15/2030(1)(2)		1,200,000		1,183,800
Ares XXXIV CLO Ltd.
Series 2015-2A, Class BR2
7.178% (3 mo. USD Term SOFR + 1.86%) due 4/17/2033(1)(2)		450,000		449,775
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A
2.36% due 3/20/2026(1)		1,380,000		1,346,981
Barings CLO Ltd.
Series 2020-1A, Class AR
6.726% (3 mo. USD Term SOFR + 1.41%) due 10/15/2036(1)(2)		1,550,000		1,548,572

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Battalion CLO XX Ltd.
Series 2021-20A, Class D
8.676% (3 mo. USD Term SOFR + 3.36%) due 7/15/2034(1)(2)	$	2,000,000	$	1,899,592
BlueMountain CLO Ltd.
Series 2014-2A, Class BR2
7.329% (3 mo. USD Term SOFR + 2.01%) due 10/20/2030(1)(2)		800,000		798,400
BMW Vehicle Lease Trust
Series 2023-1, Class A3
5.16% due 11/25/2025		1,000,000		997,846
Carlyle U.S. CLO Ltd.
Series 2017-3A, Class BR
7.579% (3 mo. USD Term SOFR + 2.26%) due 7/20/2029(1)(2)		3,000,000		2,967,000
CarMax Auto Owner Trust
Series 2020-4, Class B
0.85% due 6/15/2026		1,400,000		1,351,780
Cathedral Lake VI Ltd.
Series 2021-6A, Class AN
6.836% (3 mo. USD Term SOFR + 1.51%) due 4/25/2034(1)(2)		1,200,000		1,200,078
CIFC Funding Ltd.
Series 2013-4A, Class BRR
7.181% (3 mo. USD Term SOFR + 1.86%) due 4/27/2031(1)(2)		800,000		798,080
DB Master Finance LLC
Series 2021-1A, Class A2II
2.493% due 11/20/2051(1)		1,026,375		904,638
Elmwood CLO IX Ltd.
Series 2021-2A, Class C
7.479% (3 mo. USD Term SOFR + 2.16%) due 7/20/2034(1)(2)		3,000,000		2,954,100
Ford Credit Auto Owner Trust
Series 2020-1, Class A
2.04% due 8/15/2031(1)		1,100,000		1,067,572
Ford Credit Floorplan Master Owner Trust
Series 2020-2, Class A
1.06% due 9/15/2027		1,500,000		1,410,052
GM Financial Automobile Leasing Trust
Series 2023-1, Class A3
5.16% due 4/20/2026		1,140,000		1,137,339
GM Financial Consumer Automobile Receivables Trust
Series 2020-4, Class A3
0.38% due 8/18/2025		44,431		44,338
ICG U.S. CLO Ltd.
Series 2018-2A, Class B
7.329% (3 mo. USD Term SOFR + 2.01%) due 7/22/2031(1)(2)		1,300,000		1,301,357
Series 2022-1A, Class A1
6.858% (3 mo. USD Term SOFR + 1.54%) due 7/20/2035(1)(2)		1,500,000		1,498,200

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
KKR CLO 38 Ltd.
Series 38A, Class A1
6.634% (3 mo. USD Term SOFR + 1.32%) due 4/15/2033(1)(2)	$	1,725,000	$	1,717,827
Madison Park Funding XXIII Ltd.
Series 2017-23A, Class BR
7.131% (3 mo. USD Term SOFR + 1.81%) due 7/27/2031(1)(2)		1,300,000		1,296,880
Midocean Credit CLO VIII
Series 2018-8A, Class A2
6.881% (3 mo. USD Term SOFR + 1.56%) due 2/20/2031(1)(2)		900,000		899,370
Neuberger Berman CLO XVI-S Ltd.
Series 2017-16SA, Class BR
6.976% (3 mo. USD Term SOFR + 1.66%) due 4/15/2034(1)(2)		1,000,000		988,400
Neuberger Berman CLO XVII Ltd.
Series 2014-17A, Class BR2
7.079% (3 mo. USD Term SOFR + 1.76%) due 4/22/2029(1)(2)		1,100,000		1,098,680
Neuberger Berman Loan Advisers CLO 40 Ltd.
Series 2021-40A, Class A
6.636% (3 mo. USD Term SOFR + 1.32%) due 4/16/2033(1)(2)		1,500,000		1,498,950
NextGear Floorplan Master Owner Trust
Series 2024-1A, Class A2
5.12% due 3/15/2029(1)		1,500,000		1,496,787
Nissan Auto Lease Trust
Series 2023-A, Class A4
4.80% due 7/15/2027		550,000		546,514
Octagon Investment Partners 50 Ltd.
Series 2020-4A, Class DR
8.726% (3 mo. USD Term SOFR + 3.41%) due 1/15/2035(1)(2)		1,100,000		1,030,370
Octagon Loan Funding Ltd.
Series 2014-1A, Class CRR
7.781% (3 mo. USD Term SOFR + 2.46%) due 11/18/2031(1)(2)		3,200,000		3,179,520
OHA Credit Funding 3 Ltd.
Series 2019-3A, Class CR
7.529% (3 mo. USD Term SOFR + 2.21%) due 7/2/2035(1)(2)		3,000,000		2,971,200
Oscar U.S. Funding XV LLC
Series 2023-1A, Class A3
5.81% due 12/10/2027(1)		800,000		804,191
Riserva CLO Ltd.
Series 2016-3A, Class CRR
7.36% (3 mo. USD Term SOFR + 2.06%) due 1/18/2034(1)(2)		3,000,000		2,924,700

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
RRX 6 Ltd.
Series 2021-6A, Class A1
6.766% (3 mo. USD Term SOFR + 1.45%) due 1/15/2037(1)(2)	$	1,150,000	$	1,148,160
Synchrony Card Funding LLC
Series 2022-A1, Class A 3.37% due 4/15/2028		1,190,000		1,165,211
TCW CLO Ltd.
Series 2021-1A, Class A
6.749% (3 mo. USD Term SOFR + 1.43%) due 3/18/2034(1)(2)		1,650,000		1,649,670
TIAA CLO IV Ltd.
Series 2018-1A, Class A2
7.279% (3 mo. USD Term SOFR + 1.96%) due 1/20/2032(1)(2)		1,720,000		1,715,700
Trinitas CLO XVI Ltd.
Series 2021-16A, Class A1
6.759% (3 mo. USD Term SOFR + 1.44%) due 7/20/2034(1)(2)		800,000		800,320
Voya CLO Ltd.
Series 2016-3A, Class A3R
7.31% (3 mo. USD Term SOFR + 2.01%) due 10/18/2031(1)(2)		955,000		951,657
World Omni Auto Receivables Trust
Series 2022-C, Class A2
3.73% due 3/16/2026		433,391		431,640
Total Asset-Backed Securities (Cost $56,804,271)				56,370,187
Corporate Bonds & Notes — 25.0%
Aerospace & Defense — 0.3%
L3Harris Technologies, Inc.
5.35% due 6/1/2034		300,000		300,267
RTX Corp.
6.10% due 3/15/2034		400,000		427,740
				728,007
Agriculture — 0.3%
Archer-Daniels-Midland Co.
2.90% due 3/1/2032		1,000,000		863,300
				863,300
Auto Manufacturers — 0.2%
Hyundai Capital America
5.40% due 1/8/2031(1)		400,000		401,584
				401,584
Beverages — 0.2%
Anheuser-Busch InBev Worldwide, Inc.
4.95% due 1/15/2042		400,000		388,612
				388,612
Biotechnology — 0.4%
Amgen, Inc.
5.60% due 3/2/2043		500,000		508,695
Gilead Sciences, Inc.
5.25% due 10/15/2033		400,000		408,512
5.55% due 10/15/2053		100,000		103,559
				1,020,766

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Building Materials — 0.1%
Carrier Global Corp.
3.377% due 4/5/2040	$	300,000	$	234,924
				234,924
Commercial Banks — 6.5%
AIB Group PLC
5.871% (5.871% fixed rate until 3/28/2034; SOFR + 1.91% thereafter) due 3/28/2035(1)(2)		600,000		602,964
Bank of America Corp.
1.898% (1.898% fixed rate until 7/23/2030; SOFR + 1.53% thereafter) due 7/23/2031(2)		1,000,000		821,410
4.271% (4.271% fixed rate until 7/23/2028; 3 mo. USD Term SOFR + 1.57% thereafter) due 7/23/2029(2)		1,400,000		1,349,292
Bank of Ireland Group PLC
5.601% (5.601% fixed rate until 3/20/2029; SOFR + 1.62% thereafter) due 3/20/2030(1)(2)		500,000		500,550
BNP Paribas SA
5.176% (5.176% fixed rate until 1/9/2029; SOFR + 1.52% thereafter) due 1/9/2030(1)(2)		1,400,000		1,399,944
5.497% (5.497% fixed rate until 5/20/2029; SOFR + 1.59% thereafter) due 5/20/2030(1)(2)		400,000		400,884
Danske Bank AS
5.705% (5.705% fixed rate until 3/1/2029; 1 yr. CMT rate + 1.40% thereafter) due 3/1/2030(1)(2)		800,000		805,912
Deutsche Bank AG
2.311% (2.311% fixed rate until 11/16/2026; SOFR + 1.22% thereafter) due 11/16/2027(2)		2,200,000		2,010,470
JPMorgan Chase & Co.
4.493% (4.493% fixed rate until 3/24/2030; 3 mo. USD Term SOFR + 3.79% thereafter) due 3/24/2031(2)		800,000		773,736
5.04% (5.04% fixed rate until 1/23/2027; SOFR + 1.19% thereafter) due 1/23/2028(2)		400,000		398,740
5.336% (5.336% fixed rate until 1/23/2034; SOFR + 1.62% thereafter) due 1/23/2035(2)		800,000		803,360

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Lloyds Banking Group PLC
3.574% (3.574% fixed rate until 11/7/2027; 3 mo. USD Term SOFR + 1.43% thereafter) due 11/7/2028(2)	$	900,000	$	844,272
Morgan Stanley
2.239% (2.239% fixed rate until 7/21/2031; SOFR + 1.18% thereafter) due 7/21/2032(2)		700,000		571,228
5.123% (5.123% fixed rate until 2/1/2028; SOFR + 1.73% thereafter) due 2/1/2029(2)		500,000		499,150
5.173% (5.173% fixed rate until 1/16/2029; SOFR + 1.45% thereafter) due 1/16/2030(2)		800,000		800,032
NatWest Group PLC
5.076% (5.076% fixed rate until 1/27/2029; 3 mo. USD Term SOFR + 2.13% thereafter) due 1/27/2030(2)		600,000		589,230
5.808% (5.808% fixed rate until 9/13/2028; 1 yr. CMT rate + 1.95% thereafter) due 9/13/2029(2)		1,400,000		1,422,918
Sumitomo Mitsui Trust Bank Ltd.
5.20% due 3/7/2029(1)		400,000		403,072
U.S. Bancorp
5.836% (5.836% fixed rate until 6/10/2033; SOFR + 2.26% thereafter) due 6/12/2034(2)		700,000		714,140
UBS Group AG
3.869% (3.869% fixed rate until 1/12/2028; 3 mo. USD Term SOFR + 1.63% thereafter) due 1/12/2029(1)(2)		500,000		472,955
				16,184,259
Commercial Services — 0.2%
ERAC USA Finance LLC
5.20% due 10/30/2034(1)		600,000		598,398
				598,398
Computers — 0.4%
Apple, Inc.
3.25% due 8/8/2029		1,000,000		939,870
				939,870
Cosmetics & Personal Care — 0.1%
Kenvue, Inc.
5.05% due 3/22/2053		300,000		293,658
				293,658
Diversified Financial Services — 0.4%
Charles Schwab Corp.
6.136% (6.136% fixed rate until 8/24/2033; SOFR + 2.01% thereafter) due 8/24/2034(2)		300,000		313,224

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Diversified Financial Services — (continued)
Jefferies Financial Group, Inc.
5.875% due 7/21/2028	$	500,000	$	509,650
Mastercard, Inc.
4.85% due 3/9/2033		100,000		100,731
				923,605
Electric — 2.1%
Alabama Power Co.
3.94% due 9/1/2032		550,000		511,164
Constellation Energy Generation LLC
5.75% due 3/15/2054		300,000		301,038
Florida Power & Light Co.
4.05% due 10/1/2044		500,000		427,530
National Grid PLC
5.418% due 1/11/2034		1,300,000		1,292,187
Public Service Electric & Gas Co.
5.45% due 8/1/2053		100,000		102,985
Public Service Enterprise Group, Inc.
5.45% due 4/1/2034		1,100,000		1,104,026
Wisconsin Public Service Corp.
2.85% due 12/1/2051		150,000		95,957
Xcel Energy, Inc.
5.50% due 3/15/2034		1,400,000		1,393,070
				5,227,957
Electronics — 0.1%
Honeywell International, Inc.
1.95% due 6/1/2030		300,000		255,960
				255,960
Environmental Control — 0.7%
Waste Management, Inc.
4.15% due 4/15/2032		1,900,000		1,816,210
				1,816,210
Food — 0.4%
Campbell Soup Co.
5.40% due 3/21/2034		400,000		403,280
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
5.75% due 4/1/2033		600,000		591,696
6.50% due 12/1/2052		100,000		99,008
				1,093,984
Gas — 0.2%
CenterPoint Energy Resources Corp.
5.40% due 3/1/2033		500,000		508,500
				508,500
Healthcare-Services — 1.3%
Elevance Health, Inc.
4.75% due 2/15/2033		600,000		585,450
5.125% due 2/15/2053		100,000		95,898
HCA, Inc.
5.25% due 6/15/2026		400,000		398,904
5.50% due 6/15/2047		500,000		475,705
5.60% due 4/1/2034		300,000		302,316
UnitedHealth Group, Inc.
3.05% due 5/15/2041		400,000		303,400
5.00% due 4/15/2034		800,000		802,104
5.375% due 4/15/2054		200,000		203,956
				3,167,733

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Insurance — 0.9%
AIA Group Ltd.
5.375% due 4/5/2034(1)	$	300,000	$	300,366
Assurant, Inc.
3.70% due 2/22/2030		600,000		542,790
Chubb INA Holdings, Inc.
5.00% due 3/15/2034		600,000		602,526
Lincoln National Corp.
5.852% due 3/15/2034		700,000		692,587
				2,138,269
Internet — 0.2%
Amazon.com, Inc.
4.80% due 12/5/2034		500,000		504,540
				504,540
Lodging — 0.2%
Marriott International, Inc.
5.30% due 5/15/2034		400,000		395,700
				395,700
Machinery-Diversified — 0.3%
Deere & Co.
3.90% due 6/9/2042		300,000		258,987
John Deere Capital Corp.
4.50% due 1/16/2029		500,000		495,120
				754,107
Media — 0.3%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25% due 1/15/2029		200,000		170,324
5.25% due 4/1/2053		100,000		79,405
Comcast Corp.
3.75% due 4/1/2040		300,000		249,444
5.35% due 5/15/2053		300,000		297,957
				797,130
Miscellaneous Manufacturing — 0.4%
General Electric Co.
Series A 6.75% due 3/15/2032		800,000		891,832
				891,832
Oil & Gas — 0.9%
BP Capital Markets America, Inc.
4.812% due 2/13/2033		700,000		691,180
Diamondback Energy, Inc.
3.50% due 12/1/2029		300,000		277,752
6.25% due 3/15/2053		200,000		215,808
Exxon Mobil Corp.
3.482% due 3/19/2030		600,000		565,662
Marathon Oil Corp.
5.70% due 4/1/2034		500,000		501,275
				2,251,677
Packaging & Containers — 0.5%
Berry Global, Inc.
5.65% due 1/15/2034(1)		400,000		397,968
Packaging Corp. of America
5.70% due 12/1/2033		800,000		827,000
				1,224,968
Pharmaceuticals — 2.1%
AbbVie, Inc.
4.05% due 11/21/2039		500,000		445,025

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Pharmaceuticals — (continued)
5.05% due 3/15/2034	$	1,200,000	$	1,214,364
5.40% due 3/15/2054		200,000		205,828
Cigna Group
5.40% due 3/15/2033		700,000		713,265
CVS Health Corp.
5.00% due 2/20/2026		300,000		298,992
5.30% due 6/1/2033		1,000,000		1,001,710
5.875% due 6/1/2053		200,000		203,478
Pfizer Investment Enterprises Pte. Ltd.
4.75% due 5/19/2033		900,000		886,554
5.30% due 5/19/2053		250,000		248,950
				5,218,166
Pipelines — 0.5%
Cheniere Energy Partners LP
5.95% due 6/30/2033		700,000		717,948
Enterprise Products Operating LLC
4.85% due 1/31/2034		200,000		197,126
4.85% due 3/15/2044		300,000		281,280
				1,196,354
Real Estate Investment Trusts — 1.0%
Crown Castle, Inc.
5.80% due 3/1/2034		900,000		921,222
Extra Space Storage LP
5.40% due 2/1/2034		600,000		597,762
Realty Income Corp.
5.125% due 2/15/2034		600,000		588,804
Regency Centers LP
5.25% due 1/15/2034		400,000		397,396
				2,505,184
Retail — 0.7%
Darden Restaurants, Inc.
6.30% due 10/10/2033		400,000		417,672
Home Depot, Inc.
4.50% due 9/15/2032		500,000		490,790
Lowe’s Cos., Inc.
3.70% due 4/15/2046		300,000		230,028
5.15% due 7/1/2033		300,000		302,358
Target Corp.
4.50% due 9/15/2032		300,000		294,099
				1,734,947
Semiconductors — 0.2%
Marvell Technology, Inc.
5.95% due 9/15/2033		600,000		622,266
				622,266
Software — 0.8%
Microsoft Corp.
3.30% due 2/6/2027		1,000,000		969,440
Oracle Corp.
5.55% due 2/6/2053		200,000		195,836
6.25% due 11/9/2032		700,000		749,637
				1,914,913
Telecommunications — 1.0%
Cisco Systems, Inc.
5.05% due 2/26/2034		700,000		709,723
5.30% due 2/26/2054		300,000		308,385
Rogers Communications, Inc.
4.55% due 3/15/2052		200,000		168,860
5.30% due 2/15/2034		800,000		793,136

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Telecommunications — (continued)
T-Mobile USA, Inc.
2.70% due 3/15/2032	$	300,000	$	252,432
3.00% due 2/15/2041		300,000		221,106
				2,453,642
Transportation — 0.6%
Burlington Northern Santa Fe LLC
5.20% due 4/15/2054		300,000		297,384
Norfolk Southern Corp.
5.35% due 8/1/2054		400,000		395,572
5.55% due 3/15/2034		500,000		520,460
Union Pacific Corp.
3.95% due 9/10/2028		300,000		292,686
				1,506,102
Trucking & Leasing — 0.5%
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.35% due 3/30/2029(1)		400,000		400,660
SMBC Aviation Capital Finance DAC
5.55% due 4/3/2034(1)		800,000		796,456
				1,197,116
Total Corporate Bonds & Notes (Cost $61,558,376)				61,954,240
Non-Agency Mortgage-Backed Securities — 9.7%
BAMLL Commercial Mortgage Securities Trust
Series 2015-200P, Class A
3.218% due 4/14/2033(1)		450,000		433,532
BANK
Series 2019-BNK24, Class AS
3.283% due 11/15/2062(2)(3)		1,413,000		1,241,112
Series 2022-BNK43, Class B
5.152% due 8/15/2055(2)(3)		500,000		464,898
BB-UBS Trust
Series 2012-SHOW, Class A
3.43% due 11/5/2036(1)		2,500,000		2,408,034
Benchmark Mortgage Trust
Series 2024-V5, Class AM
6.417% due 1/10/2057(2)(3)		855,000		887,455
Series 2024-V5, Class B
6.059% due 1/10/2057(2)(3)		360,000		361,628
BMO Mortgage Trust
Series 2023-C6, Class AS
6.55% due 9/15/2056(2)(3)		950,000		1,021,413
BX Trust
Series 2019-OC11, Class A
3.202% due 12/9/2041(1)		1,200,000		1,068,336
Citigroup Commercial Mortgage Trust
Series 2014-GC21, Class A5
3.855% due 5/10/2047		386,477		384,796
Series 2016-C3, Class AS
3.366% due 11/15/2049(2)(3)		1,125,000		1,045,256
Commercial Mortgage Trust
Series 2014-CR18, Class AM
4.103% due 7/15/2047		1,550,000		1,540,663
Freddie Mac STACR REMIC Trust
Series 2021-DNA7, Class M2
7.12% due 11/25/2041(1)(2)(3)		1,300,000		1,306,575
Series 2021-HQA4, Class M1
6.27% due 12/25/2041(1)(2)(3)		694,586		688,886

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage–Backed Securities — (continued)
Series 2022-DNA1, Class M1A
6.32% due 1/25/2042(1)(2)(3)	$	594,639	$	594,410
Series 2022-HQA3, Class M1A
7.62% due 8/25/2042(1)(2)(3)		1,265,435		1,290,437
Jackson Park Trust
Series 2019-LIC, Class A
2.766% due 10/14/2039(1)		1,200,000		1,042,042
Series 2019-LIC, Class B
2.914% due 10/14/2039(1)		680,000		577,981
Morgan Stanley Capital I Trust
Series 2018-H4, Class A
4 4.31% due 12/15/2051		900,000		865,632
Series 2020-L4, Class AS
2.88% due 2/15/2053		750,000		636,730
NYC Commercial Mortgage Trust
Series 2021-909, Class C
3.206% due 4/10/2043(1)(2)(3)		580,000		385,290
ONE Park Mortgage Trust
Series 2021-PARK, Class B
6.39% due 3/15/2036(1)(2)(3)		500,000		476,981
SLG Office Trust
Series 2021-OVA, Class A
2.585% due 7/15/2041(1)		1,800,000		1,487,431
Stack Infrastructure Issuer LLC
Series 2021-1A, Class A2
1.877% due 3/26/2046(1)		1,250,000		1,152,806
Wells Fargo Commercial Mortgage Trust
Series 2018-AUS, Class A
4.058% due 8/17/2036(1)(2)(3)		2,000,000		1,853,986
Series 2021-SAVE, Class A
6.591% due 2/15/2040(1)(2)(3)		744,439		738,572
Total Non-Agency Mortgage-Backed Securities (Cost $25,484,838)				23,954,882
Senior Secured Loans — 3.5%
Advertising — 0.2%
Outfront Media Capital LLC
2019 Term Loan B
7.077% (1 mo. USD Term SOFR + 1.75%) due 11/18/2026(2)		500,000		498,905
				498,905
Airlines — 0.6%
Air Canada
2024 Term Loan B
7.833% (3 mo. USD Term SOFR + 2.50%) due 3/21/2031(2)		410,000		410,258
United Airlines, Inc.
2024 Term Loan B
8.076% (3 mo. USD Term SOFR + 2.75%) due 2/15/2031(2)		375,000		374,940
WestJet Loyalty LP
Term Loan B
9.057% (3 mo. USD Term SOFR + 3.75%) due 2/14/2031(2)		700,000		699,419
				1,484,617

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Commercial Services — 0.1%
Vestis Corp.
Term Loan
7.576% (3 mo. USD Term SOFR + 2.25%) due 2/22/2031(2)	$	175,000	$	174,781
				174,781
Distribution/Wholesale — 0.2%
Core & Main LP
2024 Incremental Term Loan B
7.564% (3 mo. USD Term SOFR + 2.25%) due 2/9/2031(2)		450,000		448,312
				448,312
Electric — 0.2%
ExGen Renewables IV LLC
2020 Term Loan
8.105% (3 mo. USD Term SOFR + 2.50%) due 12/15/2027(2)		500,000		500,000
				500,000
Entertainment — 0.6%
Caesars Entertainment, Inc.
2024 Term Loan B1
8.041% (3 mo. USD Term SOFR + 2.75%) due 2/6/2031(2)		750,000		750,000
Flutter Financing BV
Term Loan B
7.559% (3 mo. USD Term SOFR + 2.25%) due 11/29/2030(2)		748,125		747,721
				1,497,721
Healthcare-Services — 0.5%
DaVita, Inc.
2020 Term Loan B
0.00% due 8/12/2026(2)(4)		498,683		498,469
ICON Luxembourg SARL
2024 LUX Term Loan B
7.302% (1 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		549,686		550,642
PRA Health Sciences, Inc.
2024 US Term Loan B
7.302% (3 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		136,955		137,193
				1,186,304
Leisure Time — 0.1%
Alterra Mountain Co.
2024 Add-on Term Loan B
0.00% due 5/31/2030(2)(4)		250,000		250,938
				250,938

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Lodging — 0.5%
Fertitta Entertainment LLC
2022 Term Loan B
9.077% (1 mo. USD Term SOFR + 3.75%) due 1/29/2029(2)	$	299,237	$	299,799
Hilton Grand Vacations Borrower LLC
2024 Incremental Term Loan B
0.00% due 1/17/2031(2)(4)		300,000		300,468
Station Casinos LLC
2024 Term Loan B
0.00% due 3/7/2031(2)(4)		750,000		748,553
				1,348,820
Media — 0.3%
Nexstar Broadcasting, Inc.
2019 Term Loan B4
7.941% (1 mo. USD Term SOFR + 2.50%) due 9/18/2026(2)		750,000		749,790
				749,790
Software — 0.2%
Dun & Bradstreet Corp.
2024 Term Loan B
8.082% (1 mo. USD Term SOFR + 2.75%) due 1/18/2029(2)		500,000		499,765
				499,765
Total Senior Secured Loans (Cost $8,620,888)				8,639,953
U.S. Government Agencies — 1.5%
Federal Home Loan Bank Discount Notes
5.239% due 4/1/2024(5)		3,700,000		3,697,793
Total U.S. Government Agencies (Cost $3,700,000)				3,697,793
U.S. Government Securities — 19.0%
U.S. Treasury Bonds
4.25% due 2/15/2054		12,000,000		11,825,625
4.50% due 2/15/2044		19,000,000		19,136,563
U.S. Treasury Notes
4.25% due 2/28/2029		9,000,000		9,018,281
4.625% due 2/28/2026		7,000,000		6,996,172
Total U.S. Government Securities (Cost $46,673,453)				46,976,641
	Shares		Value
Exchange-Traded Funds — 1.5%
iShares MBS ETF		21,485		1,985,643
Vanguard Mortgage-Backed Securities ETF		39,285		1,791,789
Total Exchange-Traded Funds (Cost $3,564,198)				3,777,432

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Commercial Paper — 0.8%
Bristol-Myers Squibb Co.
5.399% due 4/2/2024(1)	$	2,100,000	$	2,099,690
Total Commercial Paper (Cost $2,099,690)				2,099,690
Repurchase Agreements — 0.1%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $325,439, due 4/1/2024(6)		325,381		325,381
Total Repurchase Agreements (Cost $325,381)				325,381
Total Investments — 100.5% (Cost $250,775,629)				249,007,746
Liabilities in excess of other assets — (0.5)%				(1,310,501	)
Total Net Assets — 100.0%			$	247,697,245

(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 March 31, 2024, the aggregate market value of these securities amounted to $74,372,169, representing 30.0% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s 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 March 31, 2024.

(3) Variable coupon rate based on weighted average interest rate of underlying mortgages.

(4) Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

(5) Interest rate shown reflects the discount rate at time of purchase.

(6) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	336,000	$	331,978

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Appreciation/ (Depreciation)
U.S. 2-Year Treasury Note		June 2024		161		Long	$	33,184,514		$	32,921,984		$	(262,530	)
U.S. 5-Year Treasury Note		June 2024		262		Long		27,985,901			28,038,094			52,193
U.S. Long Bond		June 2024		19		Long		2,282,939			2,288,313			5,374
U.S. Ultra Bond		June 2024		10		Long		1,280,534			1,290,000			9,466
Total							$	64,733,888		$	64,538,391		$	(195,497	)
Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Depreciation
U.S. Ultra 10-Year Treasury Note		June 2024		22		Short	$	(2,521,333	)	$	(2,521,406	)	$	(73	)

Legend:

CLO – Collateralized Loan Obligation

CMT – Constant Maturity Treasury

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

STACR – Structured Agency Credit Risk

USD – United States Dollar

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN TOTAL RETURN BOND VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	41,211,547	$	—	$	41,211,547
Asset-Backed Securities		—			56,370,187		—		56,370,187
Corporate Bonds & Notes		—			61,954,240		—		61,954,240
Non-Agency Mortgage-Backed Securities		—			23,954,882		—		23,954,882
Senior Secured Loans		—			8,639,953		—		8,639,953
U.S. Government Agencies		—			3,697,793		—		3,697,793
U.S. Government Securities		—			46,976,641		—		46,976,641
Exchange-Traded Funds		3,777,432			—		—		3,777,432
Commercial Paper		—			2,099,690		—		2,099,690
Repurchase Agreements		—			325,381		—		325,381
Total	$	3,777,432		$	245,230,314	$	—	$	249,007,746
Other Financial Instruments
Futures Contracts
Assets	$	67,033		$	—	$	—	$	67,033
Liabilities		(262,603	)		—		—		(262,603	)
Total	$	(195,570	)	$	—	$	—	$	(195,570	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 46.6%
Fannie Mae ACES
Series 2018-M2, Class A2
2.906% due 1/25/2028(1)(2)	$	1,444,770	$	1,364,784
Series 2019-M4, Class A2
3.61% due 2/25/2031		7,102,082		6,616,073
Series 2021-M4, Class A2
1.464% due 2/25/2031(1)(2)		1,000,000		813,669
Federal Home Loan Mortgage Corp.
2.50% due 9/1/2037		1,656,022		1,507,727
3.00% due 4/1/2052		2,790,826		2,406,108
3.50% due 11/1/2052		3,095,789		2,774,100
4.00% due 10/1/2052		2,703,728		2,505,796
4.50% due 2/1/2053		1,556,359		1,483,100
5.00% due 12/1/2052		3,691,976		3,606,804
5.50% due 6/1/2053		1,540,450		1,532,646
5.50% due 9/1/2053		1,877,647		1,874,207
6.00% due 8/1/2053		1,536,214		1,552,082
6.00% due 10/1/2053		1,818,429		1,835,094
Federal National Mortgage Association
2.00% due 6/1/2037		1,867,045		1,654,004
2.00% due 9/1/2037		1,788,724		1,584,621
2.50% due 10/1/2037		21,907		19,945
2.50% due 11/1/2037		848,599		772,608
2.50% due 1/1/2052		1,982,640		1,640,485
2.50% due 3/1/2052		1,920,493		1,590,835
2.50% due 4/1/2052		1,879,711		1,558,882
2.50% due 5/1/2052		1,886,850		1,564,802
2.50% due 7/1/2052		7,374,734		6,108,838
3.00% due 11/1/2037		1,060,910		986,778
3.00% due 7/1/2051		1,552,438		1,337,320
3.00% due 3/1/2052		738,974		637,105
3.00% due 4/1/2052		920,215		795,111
3.00% due 11/1/2052		4,300,200		3,705,411
3.50% due 10/1/2052		1,690,401		1,515,010
3.50% due 11/1/2052		3,303,839		2,960,017
4.00% due 10/1/2052		2,039,386		1,890,089
4.50% due 9/1/2052		1,016,610		969,614
4.50% due 2/1/2053		1,550,627		1,477,638
4.50% due 10/1/2053		2,060,869		1,963,115
5.00% due 2/1/2053		1,620,382		1,581,744
6.00% due 9/1/2053		1,461,546		1,475,015
Freddie Mac Multifamily Structured Pass-Through Certificates
Series K048, Class A2
3.284% due 6/25/2025(1)(2)		2,045,000		2,001,582
Series K078, Class A2
3.854% due 6/25/2028		600,000		581,510
Series K082, Class A2
3.92% due 9/25/2028(1)(2)		3,385,000		3,282,894
Series K102, Class A2
2.537% due 10/25/2029		2,000,000		1,799,247
Series K104, Class A2
2.253% due 1/25/2030		1,950,000		1,719,971
Series K123, Class A2
1.621% due 12/25/2030		465,000		385,274
Series K124, Class A2
1.658% due 12/25/2030		4,200,000		3,482,604
Series K730, Class A2
3.59% due 1/25/2025(1)(2)		3,674,674		3,623,351
Total Agency Mortgage–Backed Securities (Cost $87,728,891)				84,537,610

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — 3.9%
Barings CLO Ltd.
Series 2020-1A, Class AR
6.726% (3 mo. USD Term SOFR + 1.41%) due 10/15/2036(1)(3)	$	1,100,000	$	1,098,987
BlueMountain CLO Ltd.
Series 2014-2A, Class BR2
7.329% (3 mo. USD Term SOFR + 2.01%) due 10/20/2030(1)(3)		600,000		598,800
Cathedral Lake VI Ltd.
Series 2021-6A, Class AN
6.836% (3 mo. USD Term SOFR + 1.51%) due 4/25/2034(1)(3)		1,200,000		1,200,078
KKR CLO 38 Ltd.
Series 38A, Class A1
6.634% (3 mo. USD Term SOFR + 1.32%) due 4/15/2033(1)(3)		1,250,000		1,244,802
Midocean Credit CLO VIII
Series 2018-8A, Class A2
6.881% (3 mo. USD Term SOFR + 1.56%) due 2/20/2031(1)(3)		500,000		499,650
Oscar U.S. Funding XV LLC
Series 2023-1A, Class A3
5.81% due 12/10/2027(3)		600,000		603,143
RRX 6 Ltd.
Series 2021-6A, Class A1
6.766% (3 mo. USD Term SOFR + 1.45%) due 1/15/2037(1)(3)		1,000,000		998,400
Voya CLO Ltd.
Series 2016-3A, Class A3R
7.31% (3 mo. USD Term SOFR + 2.01%) due 10/18/2031(1)(3)		925,000		921,763
Total Asset-Backed Securities (Cost $7,100,081)				7,165,623
Corporate Bonds & Notes — 3.3%
Commercial Banks — 3.3%
Sumitomo Mitsui Trust Bank Ltd.
5.20% due 3/7/2029(3)		3,000,000		3,023,040
Toronto-Dominion Bank
4.994% due 4/5/2029		3,000,000		3,001,980
Total Corporate Bonds & Notes (Cost $6,019,590)				6,025,020
Non-Agency Mortgage-Backed Securities — 4.1%
BB-UBS Trust
Series 2012-SHOW, Class A
3.43% due 11/5/2036(3)		1,000,000		963,213
Citigroup Commercial Mortgage Trust
Series 2014-GC21, Class A5
3.855% due 5/10/2047		493,994		491,844
Commercial Mortgage Trust
Series 2014-UBS3, Class A4
3.819% due 6/10/2047		1,550,000		1,543,571
Series 2015-CR23, Class A4
3.497% due 5/10/2048		2,500,000		2,440,304

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
Hudson Yards Mortgage Trust
Series 2016-10HY, Class A
2.835% due 8/10/2038(3)	$	600,000	$	561,011
ONE Park Mortgage Trust
Series 2021-PARK, Class A
6.14% due 3/15/2036(1)(2)(3)		500,000		487,605
SLG Office Trust
Series 2021-OVA, Class A
2.585% due 7/15/2041(3)		600,000		495,811
Wells Fargo Commercial Mortgage Trust
Series 2021-SAVE, Class A
6.591% due 2/15/2040(1)(2)(3)		400,852		397,693
Total Non-Agency Mortgage-Backed Securities (Cost $7,632,969)				7,381,052
U.S. Government Agencies — 4.6%
Federal Home Loan Bank Discount Notes
5.239% due 4/1/2024(4)		8,300,000		8,295,049
Total U.S. Government Agencies (Cost $8,300,000)				8,295,049
U.S. Government Securities — 31.0%
U.S. Treasury Inflation-Indexed Notes
0.125% due 4/15/2027		556,991		525,302
U.S. Treasury Notes
4.00% due 2/15/2034		8,700,000		8,565,422
4.25% due 2/28/2029		24,000,000		24,048,750
4.625% due 2/28/2026		23,000,000		22,987,422
Total U.S. Government Securities (Cost $56,224,318)				56,126,896
	Shares		Value
Exchange-Traded Funds — 6.8%
iShares MBS ETF		66,790		6,172,732
Vanguard Mortgage-Backed Securities ETF		136,050		6,205,240
Total Exchange-Traded Funds (Cost $12,120,495)				12,377,972
	Principal Amount		Value
Repurchase Agreements — 0.2%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $356,380, due 4/1/2024(5)	$	356,317		356,317
Total Repurchase Agreements (Cost $356,317)				356,317
Total Investments — 100.5% (Cost $185,482,661)				182,265,539
Liabilities in excess of other assets — (0.5)%				(977,839	)
Total Net Assets — 100.0%			$	181,287,700

(1) Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at March 31, 2024.

(2) Variable coupon rate based on weighted average interest rate of underlying mortgages.

(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 March 31, 2024, the aggregate market value of these securities amounted to $13,093,996, representing 7.2% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

(4) Interest rate shown reflects the discount rate at time of purchase.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN U.S. GOVERNMENT SECURITIES VIP FUND

(5) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	367,900	$	363,496

Open futures contracts at March 31, 2024:

Type	Expiration	Contracts		Position		Notional Amount		Notional Value		Unrealized Appreciation/ (Depreciation)
U.S. 2-Year Treasury Note	June 2024		98		Long	$	20,195,908	$	20,039,469	$	(156,439	)
U.S. Long Bond	June 2024		8		Long		958,589		963,500		4,911
U.S. Ultra 10-Year Treasury Note	June 2024		11		Long		1,255,505		1,260,703		5,198
Total						$	22,410,002	$	22,263,672	$	(146,330	)

Legend:

ACES – Alternative Credit Enhancement Securities

CLO – Collateralized Loan Obligation

SOFR – Secured Overnight Financing Rate

USD – United States Dollar

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 March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	84,537,610	$	—	$	84,537,610
Asset-Backed Securities		—			7,165,623		—		7,165,623
Corporate Bonds & Notes		—			6,025,020		—		6,025,020
Non-Agency Mortgage-Backed Securities		—			7,381,052		—		7,381,052
U.S. Government Agencies		—			8,295,049		—		8,295,049
U.S. Government Securities		—			56,126,896		—		56,126,896
Exchange-Traded Funds		12,377,972			—		—		12,377,972
Repurchase Agreements		—			356,317		—		356,317
Total	$	12,377,972		$	169,887,567	$	—	$	182,265,539
Other Financial Instruments
Futures Contracts
Assets	$	10,109		$	—	$	—	$	10,109
Liabilities		(156,439	)		—		—		(156,439	)
Total	$	(146,330	)	$	—	$	—	$	(146,330	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 99.7%
Aerospace & Defense — 1.0%
Boeing Co.(1)		4,131	$	797,242
General Dynamics Corp.		2,145		605,941
Howmet Aerospace, Inc.		7,398		506,245
				1,909,428
Air Freight & Logistics — 0.3%
United Parcel Service, Inc., Class B		4,048		601,654
				601,654
Automobile Components — 0.4%
Aptiv PLC(1)		8,203		653,369
				653,369
Automobiles — 0.0%
Rivian Automotive, Inc., Class A(1)		6,255		68,492
				68,492
Banks — 3.3%
First Interstate BancSystem, Inc., Class A		6,616		180,021
JPMorgan Chase & Co.		15,708		3,146,313
M&T Bank Corp.		2,548		370,581
Pacific Premier Bancorp, Inc.		4,844		116,256
PNC Financial Services Group, Inc.		6,926		1,119,242
United Community Banks, Inc.		6,210		163,447
Wells Fargo & Co.		17,566		1,018,125
				6,113,985
Beverages — 1.9%
Coca-Cola Europacific Partners PLC		9,628		673,479
Constellation Brands, Inc., Class A		2,152		584,827
Monster Beverage Corp.(1)		12,828		760,444
PepsiCo, Inc.		8,217		1,438,057
				3,456,807
Biotechnology — 2.1%
AbbVie, Inc.		12,867		2,343,081
Vertex Pharmaceuticals, Inc.(1)		3,531		1,475,993
				3,819,074
Broadline Retail — 4.0%
Amazon.com, Inc.(1)		40,565		7,317,115
				7,317,115
Building Products — 0.8%
AZEK Co., Inc.(1)		7,532		378,257
Johnson Controls International PLC		6,714		438,559
Masco Corp.		7,424		585,605
				1,402,421
Capital Markets — 3.5%
Cboe Global Markets, Inc.		1,068		196,224
Charles Schwab Corp.		9,917		717,396
CME Group, Inc.		2,994		644,578
KKR & Co., Inc.		10,991		1,105,475
Moody’s Corp.		1,959		769,946
Morgan Stanley		9,952		937,080
Morningstar, Inc.		2,677		825,506
Northern Trust Corp.		3,229		287,123
Raymond James Financial, Inc.		4,616		592,787
TPG, Inc.		7,945		355,141
				6,431,256

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Chemicals — 2.3%
Air Products & Chemicals, Inc.		1,978	$	479,210
Corteva, Inc.		8,932		515,108
DuPont de Nemours, Inc.		6,309		483,711
Eastman Chemical Co.		7,252		726,796
International Flavors & Fragrances, Inc.		5,160		443,708
Linde PLC		1,852		859,921
Sherwin-Williams Co.		1,643		570,663
Tronox Holdings PLC		14,454		250,777
				4,329,894
Commercial Services & Supplies — 0.5%
GFL Environmental, Inc.		28,946		998,637
				998,637
Communications Equipment — 0.3%
Motorola Solutions, Inc.		1,644		583,587
				583,587
Construction & Engineering — 0.2%
API Group Corp.(1)		8,621		338,547
				338,547
Construction Materials — 0.6%
Summit Materials, Inc., Class A(1)		17,364		773,914
Vulcan Materials Co.		1,497		408,561
				1,182,475
Consumer Finance — 0.6%
American Express Co.		3,555		809,438
Discover Financial Services		2,190		287,087
				1,096,525
Consumer Staples Distribution & Retail — 1.2%
Dollar General Corp.		4,457		695,560
Target Corp.		8,762		1,552,714
				2,248,274
Containers & Packaging — 0.1%
Crown Holdings, Inc.		2,972		235,561
				235,561
Diversified Consumer Services — 0.1%
Grand Canyon Education, Inc.(1)		1,837		250,218
				250,218
Diversified REITs — 0.3%
Broadstone Net Lease, Inc.		19,519		305,863
WP Carey, Inc.		5,906		333,334
				639,197
Electric Utilities — 1.8%
Constellation Energy Corp.		2,550		471,367
Duke Energy Corp.		4,678		452,409
Exelon Corp.		7,651		287,448
NextEra Energy, Inc.		10,981		701,796
PG&E Corp.		49,943		837,045
Southern Co.		2,666		191,259
Xcel Energy, Inc.		5,560		298,850
				3,240,174
Electrical Equipment — 1.9%
AMETEK, Inc.		4,576		836,950
Eaton Corp. PLC		5,503		1,720,678
Emerson Electric Co.		4,482		508,349
nVent Electric PLC		5,208		392,683
				3,458,660

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Electronic Equipment, Instruments & Components — 0.8%
Amphenol Corp., Class A		6,993	$	806,643
TE Connectivity Ltd.		2,543		369,345
Zebra Technologies Corp., Class A(1)		1,165		351,178
				1,527,166
Energy Equipment & Services — 0.4%
Schlumberger NV		8,859		485,562
TechnipFMC PLC		13,972		350,837
				836,399
Entertainment — 1.7%
Electronic Arts, Inc.		4,290		569,154
Spotify Technology SA(1)		2,797		738,128
Take-Two Interactive Software, Inc.(1)		2,589		384,441
Vivid Seats, Inc., Class A(1)		22,298		133,565
Walt Disney Co.		11,289		1,381,322
				3,206,610
Financial Services — 3.1%
Block, Inc.(1)		4,264		360,649
Corebridge Financial, Inc.		16,810		482,951
Fidelity National Information Services, Inc.		4,868		361,108
Fiserv, Inc.(1)		3,610		576,950
Flywire Corp.(1)		9,122		226,317
Visa, Inc., Class A		11,489		3,206,350
Voya Financial, Inc.		5,719		422,749
				5,637,074
Food Products — 0.6%
Mondelez International, Inc., Class A		14,727		1,030,890
				1,030,890
Gas Utilities — 0.3%
Southwest Gas Holdings, Inc.		8,268		629,443
				629,443
Ground Transportation — 1.3%
Canadian Pacific Kansas City Ltd.		13,367		1,178,568
JB Hunt Transport Services, Inc.		3,259		649,356
Saia, Inc.(1)		874		511,290
				2,339,214
Health Care Equipment & Supplies — 3.5%
Becton Dickinson & Co.		6,074		1,503,011
Boston Scientific Corp.(1)		24,515		1,679,032
Envista Holdings Corp.(1)		10,079		215,489
Masimo Corp.(1)		2,934		430,858
Medtronic PLC		18,835		1,641,470
QuidelOrtho Corp.(1)		5,216		250,055
STERIS PLC		3,436		772,482
				6,492,397
Health Care Providers & Services — 2.4%
Cigna Group		6,899		2,505,648
Encompass Health Corp.		7,786		642,968
McKesson Corp.		2,343		1,257,839
				4,406,455

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Health Care Technology — 0.4%
Veeva Systems, Inc., Class A(1)		3,112	$	721,019
				721,019
Hotels, Restaurants & Leisure — 2.7%
Booking Holdings, Inc.		393		1,425,757
DraftKings, Inc., Class A(1)		5,087		231,001
International Game Technology PLC		6,970		157,452
Las Vegas Sands Corp.		3,717		192,169
Marriott International, Inc., Class A		3,128		789,226
Starbucks Corp.		18,262		1,668,964
Wingstop, Inc.		1,291		473,022
				4,937,591
Household Products — 0.8%
Colgate-Palmolive Co.		7,905		711,846
Procter & Gamble Co.		4,349		705,625
				1,417,471
Industrial Conglomerates — 0.5%
Honeywell International, Inc.		4,200		862,050
				862,050
Industrial REITs — 0.1%
Prologis, Inc.		1,343		174,886
				174,886
Insurance — 3.4%
American International Group, Inc.		8,093		632,630
Aon PLC, Class A		4,565		1,523,432
Arthur J Gallagher & Co.		4,280		1,070,171
Assurant, Inc.		1,741		327,726
Chubb Ltd.		5,357		1,388,159
Hanover Insurance Group, Inc.		1,705		232,170
MetLife, Inc.		5,312		393,672
Willis Towers Watson PLC		2,321		638,275
				6,206,235
Interactive Media & Services — 6.0%
Alphabet, Inc., Class A(1)		42,401		6,399,583
Meta Platforms, Inc., Class A		9,440		4,583,875
				10,983,458
IT Services — 0.5%
Accenture PLC, Class A		954		330,666
Gartner, Inc.(1)		1,397		665,908
				996,574
Leisure Products — 0.1%
Hasbro, Inc.		3,733		210,989
				210,989
Life Sciences Tools & Services — 0.9%
Agilent Technologies, Inc.		4,597		668,909
ICON PLC(1)		2,242		753,200
Maravai LifeSciences Holdings, Inc., Class A(1)		26,183		227,007
				1,649,116
Machinery — 1.2%
AGCO Corp.		4,670		574,503
Flowserve Corp.		2,994		136,766
Ingersoll Rand, Inc.		1,226		116,409
Nordson Corp.		1,396		383,258
Pentair PLC		4,133		353,123
Westinghouse Air Brake Technologies Corp.		4,845		705,820
				2,269,879

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Media — 0.9%
Altice USA, Inc., Class A(1)		42,729	$	111,523
Cable One, Inc.		1,280		541,606
Comcast Corp., Class A		14,657		635,381
Omnicom Group, Inc.		3,282		317,566
				1,606,076
Multi-Utilities — 0.1%
Dominion Energy, Inc.		2,806		138,027
				138,027
Office REITs — 0.1%
Douglas Emmett, Inc.		16,537		229,368
				229,368
Oil, Gas & Consumable Fuels — 4.1%
Cheniere Energy, Inc.		2,208		356,106
Chesapeake Energy Corp.		4,104		364,558
ConocoPhillips		12,131		1,544,034
Diamondback Energy, Inc.		3,026		599,662
Exxon Mobil Corp.		26,181		3,043,279
Permian Resources Corp.		19,234		339,672
Phillips 66		3,175		518,605
Targa Resources Corp.		3,348		374,943
Valero Energy Corp.		2,495		425,872
				7,566,731
Personal Care Products — 0.6%
e.l.f. Beauty, Inc.(1)		1,255		246,018
Kenvue, Inc.		36,353		780,135
				1,026,153
Pharmaceuticals — 3.9%
Eli Lilly & Co.		3,745		2,913,460
Johnson & Johnson		14,106		2,231,428
Pfizer, Inc.		50,707		1,407,120
Zoetis, Inc.		3,639		615,755
				7,167,763
Professional Services — 4.4%
Dun & Bradstreet Holdings, Inc.		176,255		1,769,600
Insperity, Inc.		11,482		1,258,542
Jacobs Solutions, Inc.		4,732		727,451
Leidos Holdings, Inc.		8,261		1,082,935
TransUnion		18,434		1,471,033
TriNet Group, Inc.		8,937		1,184,063
Verisk Analytics, Inc.		2,373		559,387
WNS Holdings Ltd.(1)		2,498		126,224
				8,179,235
Real Estate Management & Development — 0.1%
Jones Lang LaSalle, Inc.(1)		1,221		238,205
				238,205
Residential REITs — 0.2%
Sun Communities, Inc.		3,561		457,873
				457,873

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Retail REITs — 0.4%
Federal Realty Investment Trust		7,491	$	764,981
				764,981
Semiconductors & Semiconductor Equipment — 7.8%
Analog Devices, Inc.		6,622		1,309,765
Applied Materials, Inc.		7,723		1,592,714
Lam Research Corp.		1,968		1,912,050
Marvell Technology, Inc.		26,296		1,863,861
Monolithic Power Systems, Inc.		871		590,033
NVIDIA Corp.		6,824		6,165,893
NXP Semiconductors NV		4,139		1,025,520
				14,459,836
Software — 12.2%
Autodesk, Inc.(1)		1,742		453,652
Cadence Design Systems, Inc.(1)		7,050		2,194,524
Check Point Software Technologies Ltd.(1)		1,675		274,717
Datadog, Inc., Class A(1)		2,638		326,057
Guidewire Software, Inc.(1)		4,547		530,680
HubSpot, Inc.(1)		729		456,762
Microsoft Corp.		32,618		13,723,045
Rapid7, Inc.(1)		9,203		451,315
Salesforce, Inc.		7,167		2,158,557
ServiceNow, Inc.(1)		1,749		1,333,438
Tyler Technologies, Inc.(1)		1,255		533,387
				22,436,134
Specialized REITs — 0.5%
Extra Space Storage, Inc.		2,401		352,947
SBA Communications Corp.		2,464		533,949
				886,896
Specialty Retail — 2.0%
Burlington Stores, Inc.(1)		1,610		373,826
Home Depot, Inc.		6,449		2,473,836
Ross Stores, Inc.		5,225		766,821
				3,614,483
Technology Hardware, Storage & Peripherals — 3.3%
Apple, Inc.		35,123		6,022,892
				6,022,892
Textiles, Apparel & Luxury Goods — 0.6%
NIKE, Inc., Class B		6,744		633,801
PVH Corp.		1,656		232,850
VF Corp.		10,181		156,177
				1,022,828
Wireless Telecommunication Services — 0.6%
T-Mobile U.S., Inc.		6,719		1,096,675
				1,096,675
Total Common Stocks (Cost $143,538,934)				183,824,422

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 0.3%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $532,421, due 4/1/2024(2)	$	532,326	$	532,326
Total Repurchase Agreements (Cost $532,326)				532,326
Total Investments — 100.0% (Cost $144,071,260)				184,356,748
Assets in excess of other liabilities — 0.0%				50,699
Total Net Assets — 100.0%			$	184,407,447

(1) Non–income–producing security.

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	549,600	$	543,021

Legend:

REITs – Real Estate Investment Trusts

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN ALL CAP CORE VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	183,824,422	$	—	$	—	$	183,824,422
Repurchase Agreements		—		532,326		—		532,326
Total	$	183,824,422	$	532,326	$	—	$	184,356,748

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 65.8%
Aerospace & Defense — 1.0%
Boeing Co.(1)		2,832	$	546,548
General Dynamics Corp.		4,842		1,367,816
RTX Corp.		4,726		460,927
				2,375,291
Air Freight & Logistics — 0.2%
CH Robinson Worldwide, Inc.		5,357		407,882
				407,882
Automobile Components — 0.1%
Goodyear Tire & Rubber Co.(1)		21,006		288,412
				288,412
Banks — 1.9%
JPMorgan Chase & Co.		10,846		2,172,454
Wells Fargo & Co.		38,023		2,203,813
				4,376,267
Beverages — 1.3%
Constellation Brands, Inc., Class A		4,283		1,163,948
Monster Beverage Corp.(1)		31,040		1,840,051
				3,003,999
Biotechnology — 1.5%
AbbVie, Inc.		8,105		1,475,920
Alnylam Pharmaceuticals, Inc.(1)		452		67,551
Amgen, Inc.		408		116,003
Apellis Pharmaceuticals, Inc.(1)		1,031		60,602
Ascendis Pharma AS, ADR(1)		450		68,027
Biogen, Inc.(1)		627		135,200
Bridgebio Pharma, Inc.(1)		892		27,581
Celldex Therapeutics, Inc.(1)		1,726		72,440
Crinetics Pharmaceuticals, Inc.(1)		1,103		51,631
Immunocore Holdings PLC, ADR(1)		1,043		67,795
Moderna, Inc.(1)		650		69,264
Regeneron Pharmaceuticals, Inc.(1)		491		472,583
REVOLUTION Medicines, Inc.(1)		2,187		70,487
Rocket Pharmaceuticals, Inc.(1)		1,562		42,080
Sarepta Therapeutics, Inc.(1)		457		59,163
Syndax Pharmaceuticals, Inc.(1)		1,657		39,437
Ultragenyx Pharmaceutical, Inc.(1)		992		46,316
United Therapeutics Corp.(1)		183		42,039
Vaxcyte, Inc.(1)		848		57,927
Vertex Pharmaceuticals, Inc.(1)		1,097		458,557
				3,500,603
Broadline Retail — 3.7%
Amazon.com, Inc.(1)		47,220		8,517,544
				8,517,544
Building Products — 0.6%
AZEK Co., Inc.(1)		6,505		326,681
Builders FirstSource, Inc.(1)		3,559		742,229
Johnson Controls International PLC		933		60,944
Trane Technologies PLC		592		177,718
				1,307,572
Capital Markets — 1.8%
Ares Management Corp., Class A		10,601		1,409,721
KKR & Co., Inc.		8,091		813,793
Northern Trust Corp.		10,122		900,048
S&P Global, Inc.		2,357		1,002,786
				4,126,348

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Chemicals — 1.6%
Arcadium Lithium PLC(1)		15,817	$	68,171
Cabot Corp.		7,156		659,783
Celanese Corp.		2,960		508,706
FMC Corp.		6,322		402,711
Ingevity Corp.(1)		3,324		158,555
Linde PLC		2,797		1,298,703
PPG Industries, Inc.		3,810		552,069
				3,648,698
Commercial Services & Supplies — 0.5%
Clean Harbors, Inc.(1)		3,890		783,096
Waste Connections, Inc.		2,521		433,637
				1,216,733
Construction & Engineering — 0.0%
Fluor Corp.(1)		2,552		107,899
				107,899
Consumer Finance — 0.5%
American Express Co.		5,032		1,145,736
				1,145,736
Consumer Staples Distribution & Retail — 0.7%
Performance Food Group Co.(1)		20,619		1,539,002
				1,539,002
Containers & Packaging — 0.1%
Ball Corp.		3,000		202,080
				202,080
Electric Utilities — 1.3%
Constellation Energy Corp.		1,539		284,484
Edison International		9,660		683,252
Exelon Corp.		11,305		424,729
NextEra Energy, Inc.		8,944		571,611
PG&E Corp.		53,466		896,090
				2,860,166
Energy Equipment & Services — 0.3%
Schlumberger NV		10,791		591,455
				591,455
Entertainment — 0.8%
Netflix, Inc.(1)		1,929		1,171,540
Spotify Technology SA(1)		2,297		606,178
				1,777,718
Financial Services — 3.1%
Berkshire Hathaway, Inc., Class B(1)		5,543		2,330,942
Block, Inc.(1)		13,558		1,146,736
Corpay, Inc.(1)		1,662		512,793
Global Payments, Inc.		5,145		687,681
PayPal Holdings, Inc.(1)		5,416		362,818
Visa, Inc., Class A		3,396		947,756
WEX, Inc.(1)		4,201		997,863
				6,986,589

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Gas Utilities — 0.2%
Atmos Energy Corp.		4,430	$	526,594
				526,594
Ground Transportation — 0.9%
Knight-Swift Transportation Holdings, Inc.		7,190		395,594
Ryder System, Inc.		3,082		370,425
Uber Technologies, Inc.(1)		16,485		1,269,180
				2,035,199
Health Care Equipment & Supplies — 1.6%
Abbott Laboratories		1,748		198,678
Boston Scientific Corp.(1)		14,596		999,680
Dexcom, Inc.(1)		4,286		594,468
Edwards Lifesciences Corp.(1)		7,199		687,936
Intuitive Surgical, Inc.(1)		1,357		541,565
Stryker Corp.		1,739		622,336
				3,644,663
Health Care Providers & Services — 2.2%
agilon health, Inc.(1)		53,107		323,953
Cencora, Inc.		4,335		1,053,362
Centene Corp.(1)		7,455		585,068
Elevance Health, Inc.		1,528		792,329
HCA Healthcare, Inc.		2,566		855,838
Humana, Inc.		648		224,675
Molina Healthcare, Inc.(1)		801		329,075
UnitedHealth Group, Inc.		1,789		885,018
				5,049,318
Health Care REITs — 0.3%
Welltower, Inc.		7,206		673,329
				673,329
Hotel & Resort REITs — 0.2%
Ryman Hospitality Properties, Inc.		4,701		543,483
				543,483
Hotels, Restaurants & Leisure — 1.7%
Chipotle Mexican Grill, Inc.(1)		644		1,871,960
DoorDash, Inc., Class A(1)		8,547		1,177,093
Hyatt Hotels Corp., Class A		4,804		766,814
				3,815,867
Household Durables — 0.7%
Lennar Corp., Class A		4,866		836,855
Meritage Homes Corp.		675		118,435
Skyline Champion Corp.(1)		6,157		523,407
				1,478,697
Insurance — 2.3%
American International Group, Inc.		12,456		973,685
Arch Capital Group Ltd.(1)		7,903		730,553
Assured Guaranty Ltd.		4,339		378,578
Everest Group Ltd.		2,814		1,118,565
Marsh & McLennan Cos., Inc.		1,793		369,322
Progressive Corp.		4,240		876,917
SiriusPoint Ltd.(1)		29,329		372,772
Trupanion, Inc.(1)		13,902		383,834
				5,204,226
Interactive Media & Services — 4.0%
Alphabet, Inc., Class A(1)		45,388		6,850,411
Meta Platforms, Inc., Class A		4,676		2,270,572
				9,120,983

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
IT Services — 0.3%
Squarespace, Inc., Class A(1)		17,533	$	638,902
				638,902
Life Sciences Tools & Services — 1.2%
Agilent Technologies, Inc.		3,845		559,486
Danaher Corp.		4,744		1,184,671
ICON PLC(1)		1,684		565,740
Illumina, Inc.(1)		2,175		298,671
Thermo Fisher Scientific, Inc.		237		137,747
				2,746,315
Machinery — 0.9%
Atmus Filtration Technologies, Inc.(1)		6,602		212,914
Flowserve Corp.		4,467		204,053
Fortive Corp.		7,876		677,494
Helios Technologies, Inc.		3,100		138,539
Ingersoll Rand, Inc.		2,530		240,223
Middleby Corp.(1)		3,551		570,965
				2,044,188
Media — 0.4%
New York Times Co., Class A		7,369		318,488
Omnicom Group, Inc.		6,119		592,075
				910,563
Oil, Gas & Consumable Fuels — 2.8%
EQT Corp.		7,606		281,954
Exxon Mobil Corp.		26,736		3,107,793
Marathon Petroleum Corp.		4,661		939,192
Shell PLC, ADR		23,981		1,607,686
Targa Resources Corp.		4,618		517,170
				6,453,795
Passenger Airlines — 0.4%
Delta Air Lines, Inc.		17,201		823,412
				823,412
Personal Care Products — 0.5%
Haleon PLC, ADR		133,124		1,130,223
				1,130,223
Pharmaceuticals — 2.8%
AstraZeneca PLC, ADR		10,622		719,640
Eli Lilly & Co.		3,411		2,653,622
GSK PLC, ADR		8,974		384,715
Longboard Pharmaceuticals, Inc.(1)		3,900		84,240
Merck & Co., Inc.		13,717		1,809,958
Novartis AG, ADR		2,730		264,073
Structure Therapeutics, Inc., ADR(1)		1,022		43,803
Zoetis, Inc.		2,760		467,020
				6,427,071
Professional Services — 0.5%
Dayforce, Inc.(1)		7,796		516,173
Science Applications International Corp.		5,261		685,982
				1,202,155

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Real Estate Management & Development — 0.1%
CoStar Group, Inc.(1)		2,442	$	235,897
				235,897
Retail REITs — 0.2%
Simon Property Group, Inc.		3,416		534,570
				534,570
Semiconductors & Semiconductor Equipment — 5.7%
Advanced Micro Devices, Inc.(1)		14,740		2,660,423
First Solar, Inc.(1)		1,439		242,903
KLA Corp.		1,584		1,106,535
Marvell Technology, Inc.		9,453		670,029
Micron Technology, Inc.		13,261		1,563,339
NVIDIA Corp.		5,869		5,302,994
Texas Instruments, Inc.		8,607		1,499,425
				13,045,648
Software — 9.6%
Adobe, Inc.(1)		5,339		2,694,059
Atlassian Corp., Class A(1)		4,461		870,386
HubSpot, Inc.(1)		1,763		1,104,625
Intuit, Inc.		3,257		2,117,050
Microsoft Corp.		28,436		11,963,594
ServiceNow, Inc.(1)		2,552		1,945,645
Synopsys, Inc.(1)		1,973		1,127,570
				21,822,929
Specialized REITs — 0.3%
Equinix, Inc.		700		577,731
				577,731
Specialty Retail — 1.4%
AutoZone, Inc.(1)		349		1,099,926
TJX Cos., Inc.		19,554		1,983,166
				3,083,092
Technology Hardware, Storage & Peripherals — 2.1%
Apple, Inc.		27,756		4,759,599
				4,759,599
Tobacco — 0.8%
Philip Morris International, Inc.		18,655		1,709,171
				1,709,171
Trading Companies & Distributors — 0.1%
AerCap Holdings NV(1)		3,438		298,797
				298,797
Wireless Telecommunication Services — 0.6%
T-Mobile U.S., Inc.		8,200		1,338,404
				1,338,404
Total Common Stocks (Cost $118,021,590)				149,854,815
	Principal Amount		Value
Agency Mortgage–Backed Securities — 9.1%
Federal Home Loan Mortgage Corp.
2.00% due 5/1/2051	$	1,321,033		1,057,476
2.00% due 4/1/2052		1,258,714		1,010,127
2.50% due 7/1/2041		364,527		317,230

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — (continued)
2.50% due 2/1/2042	$	540,085	$	471,614
2.50% due 7/1/2051		1,208,557		1,013,759
2.50% due 10/1/2051		421,740		350,150
2.50% due 11/1/2051		393,497		327,402
3.00% due 10/1/2049		308,034		268,940
3.00% due 10/1/2051		104,154		90,714
4.00% due 4/1/2047		9,236		8,752
4.00% due 11/1/2048		120,369		113,588
4.00% due 5/1/2049		15,922		15,072
4.00% due 7/1/2049		18,740		17,800
4.00% due 4/1/2052		340,078		315,877
4.50% due 1/1/2038		115,822		114,105
4.50% due 5/1/2038		24,203		23,832
4.50% due 11/1/2048		23,723		22,945
4.50% due 8/1/2049		56,409		54,721
4.50% due 8/1/2052		56,318		53,746
4.50% due 9/1/2052		59,198		56,478
4.50% due 10/1/2052		86,873		82,929
5.00% due 11/1/2043		126,515		125,347
5.00% due 10/1/2052		240,052		234,700
5.00% due 1/1/2053		125,958		123,052
5.00% due 6/1/2053		306,884		299,554
5.00% due 11/1/2053		81,190		79,251
5.50% due 9/1/2052		245,629		245,796
5.50% due 1/1/2053		582,801		580,814
5.50% due 2/1/2053		25,218		25,118
5.50% due 3/1/2053		37,055		36,867
5.50% due 5/1/2053		483,778		481,318
5.50% due 9/1/2053		109,962		110,088
5.50% due 11/1/2053		168,222		167,366
6.00% due 8/1/2053		145,292		146,624
6.50% due 11/1/2053		410,413		419,696
Federal National Mortgage Association
2.00% due 12/1/2050		1,191,890		950,587
2.50% due 2/1/2041		63,023		55,160
2.50% due 5/1/2051		573,462		479,957
3.00% due 6/1/2043		229,366		204,871
3.00% due 6/1/2051		240,383		210,204
3.00% due 10/1/2051		736,680		637,096
3.50% due 6/1/2037		66,633		63,293
3.50% due 8/1/2043		229,237		211,355
3.50% due 7/1/2051		506,689		459,098
3.50% due 4/1/2052		369,074		331,734
4.00% due 1/1/2038		254,288		246,404
4.00% due 3/1/2046		9,090		8,613
4.00% due 1/1/2049		11,728		11,113
4.00% due 8/1/2049		8,100		7,675
4.00% due 8/1/2051		10,730		10,192
4.00% due 8/1/2052		131,849		122,197
4.00% due 10/1/2052		131,486		122,148
4.50% due 4/1/2038		443,566		436,768
4.50% due 7/1/2048		80,927		78,641
4.50% due 11/1/2048		34,641		33,635
4.50% due 10/1/2050		17,463		16,890
4.50% due 8/1/2052		15,794		15,092
4.50% due 9/1/2052		237,404		227,486
4.50% due 11/1/2052		81,001		78,060
4.50% due 1/1/2053		144,996		138,477
5.00% due 8/1/2052		667,484		653,370
5.00% due 9/1/2052		38,591		37,791
5.00% due 10/1/2052		25,713		25,188
5.00% due 11/1/2053		391,926		382,566
5.50% due 1/1/2053		154,460		153,890
5.50% due 8/1/2053		36,690		36,544
6.00% due 9/1/2053		1,132,582		1,144,328

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — (continued)
Freddie Mac Multifamily Structured Pass-Through Certificates
Series K-150, Class A2
3.71% due 9/25/2032(2)(3)	$	78,000	$	72,697
Series K-156, Class A2
4.43% due 2/25/2033(2)(3)		165,000		161,753
Government National Mortgage Association
2.00% due 12/20/2050		415,162		341,038
2.00% due 1/20/2051		113,395		93,124
2.00% due 2/20/2051		99,884		82,050
2.50% due 5/20/2051		518,646		442,777
2.50% due 8/20/2051		520,738		444,274
3.00% due 1/20/2051		486,539		431,633
3.00% due 5/20/2051		492,746		436,131
3.50% due 1/20/2052		444,174		404,789
3.50% due 2/20/2052		440,700		401,587
4.00% due 4/20/2052		84,079		78,817
4.00% due 5/20/2052		240,262		225,302
4.00% due 8/20/2052		354,866		332,257
4.50% due 8/20/2048		174,257		169,565
Uniform Mortgage-Backed Security
5.00% due 4/1/2054(4)		59,000		57,624
Total Agency Mortgage-Backed Securities (Cost $21,225,934)				20,628,689
Asset-Backed Securities — 1.3%
CF Hippolyta Issuer LLC
Series 2021-1A, Class A1
1.53% due 3/15/2061(5)		183,777		165,693
Series 2022-1A, Class A1
5.97% due 8/15/2062(5)		97,713		95,529
Enterprise Fleet Financing LLC
Series 2023-3, Class A2
6.40% due 3/20/2030(5)		245,000		248,705
GM Financial Consumer Automobile Receivables Trust
Series 2023-1, Class A2A
5.19% due 3/16/2026		43,913		43,846
Series 2023-2, Class A3
4.47% due 2/16/2028		105,000		103,852
GM Financial Revolving Receivables Trust
Series 2023-2, Class A
5.77% due 8/11/2036(5)		174,000		179,884
Series 2024-1, Class A
4.98% due 12/11/2036(5)		230,000		230,828
Kubota Credit Owner Trust
Series 2023-2A, Class A3
5.28% due 1/18/2028(5)		155,000		155,324
Navient Private Education Refi Loan Trust
Series 2023-A, Class A
5.51% due 10/15/2071(5)		187,156		187,944
New Economy Assets Phase 1 Sponsor LLC
Series 2021-1, Class A1
1.91% due 10/20/2061(5)		335,000		293,621
Retained Vantage Data Centers Issuer LLC
Series 2023-1A, Class A2A
5.00% due 9/15/2048(5)		346,000		334,133
SFS Auto Receivables Securitization Trust
Series 2023-1A, Class A2A
5.89% due 3/22/2027(5)		57,579		57,669
Vantage Data Centers Issuer LLC
Series 2021-1A, Class A2
2.165% due 10/15/2046(5)		175,000		159,000

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Volkswagen Auto Lease Trust
Series 2024-A, Class A3
5.21% due 6/21/2027	$	190,000	$	190,241
Wheels Fleet Lease Funding 1 LLC
Series 2023-1A, Class A
5.80% due 4/18/2038(5)		375,000		374,940
Series 2023-2A, Class A
6.46% due 8/18/2038(5)		165,000		167,406
Total Asset-Backed Securities (Cost $2,988,764)				2,988,615
Corporate Bonds & Notes — 8.7%
Aerospace & Defense — 0.3%
HEICO Corp.
5.25% due 8/1/2028		238,000		239,276
5.35% due 8/1/2033		309,000		310,248
				549,524
Agriculture — 0.4%
Archer-Daniels-Midland Co.
2.90% due 3/1/2032		185,000		159,711
4.50% due 8/15/2033		143,000		138,401
Philip Morris International, Inc.
5.125% due 2/13/2031		135,000		134,201
5.25% due 2/13/2034		455,000		451,173
				883,486
Airlines — 0.0%
United Airlines Pass-Through Trust
Series 2016-1, Class AA
3.10% due 7/7/2028		39,421		36,124
				36,124
Auto Manufacturers — 0.1%
Daimler Truck Finance North America LLC
5.15% due 1/16/2026(5)		150,000		149,541
				149,541
Beverages — 0.1%
Anheuser-Busch InBev Worldwide, Inc.
4.60% due 4/15/2048		34,000		30,986
Keurig Dr Pepper, Inc.
5.05% due 3/15/2029		215,000		215,993
				246,979
Commercial Banks — 2.1%
Bank of America Corp.
1.734% (1.734% fixed rate until 7/22/2026; SOFR + 0.96% thereafter) due 7/22/2027(3)		256,000		236,140
5.819% (5.819% fixed rate until 9/15/2028; SOFR + 1.57% thereafter) due 9/15/2029(3)		148,000		151,792
Bank of America NA
5.526% due 8/18/2026		295,000		298,038

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Bank of New York Mellon Corp.
Series J
4.967% (4.967% fixed rate until 4/26/2033; SOFR + 1.61% thereafter) due 4/26/2034(3)	$	214,000	$	210,092
BNP Paribas SA
5.894% (5.894% fixed rate until 12/5/2033; SOFR + 1.87% thereafter) due 12/5/2034(3)(5)		230,000		240,582
BPCE SA
6.714% (6.714% fixed rate until 10/19/2028; SOFR + 2.27% thereafter) due 10/19/2029(3)(5)		325,000		339,901
Citizens Financial Group, Inc.
5.841% (5.841% fixed rate until 1/23/2029; SOFR + 2.01% thereafter) due 1/23/2030(3)		60,000		59,896
Commonwealth Bank of Australia
5.071% due 9/14/2028(5)		250,000		252,172
Credit Agricole SA
6.316% (6.316% fixed rate until 10/3/2028; SOFR + 1.86% thereafter) due 10/3/2029(3)(5)		500,000		518,455
Credit Suisse AG
7.50% due 2/15/2028		500,000		539,625
Danske Bank AS
1.621% (1.621% fixed rate until 9/11/2025; 1 yr. CMT rate + 1.35% thereafter) due 9/11/2026(3)(5)		256,000		241,088
5.705% (5.705% fixed rate until 3/1/2029; 1 yr. CMT rate + 1.40% thereafter) due 3/1/2030(3)(5)		200,000		201,478
ING Groep NV
5.335% (5.335% fixed rate until 3/19/2029; SOFR + 1.44% thereafter) due 3/19/2030(3)		200,000		199,628
JPMorgan Chase & Co.
4.912% (4.912% fixed rate until 7/25/2032; SOFR + 2.08% thereafter) due 7/25/2033(3)		107,000		104,714
Morgan Stanley
1.928% (1.928% fixed rate until 4/28/2031; SOFR + 1.02% thereafter) due 4/28/2032(3)		123,000		98,662
4.35% due 9/8/2026		268,000		262,187
5.466% (5.466% fixed rate until 1/18/2034; SOFR + 1.73% thereafter) due 1/18/2035(3)		105,000		105,991

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
UBS Group AG
6.301% (6.301% fixed rate until 9/22/2023; 1 yr. CMT rate + 2.00% thereafter) due 9/22/2034(3)(5)	$	200,000	$	209,464
Wells Fargo & Co.
3.00% due 2/19/2025		88,000		86,112
4.897% (4.897% fixed rate until 7/25/2032; SOFR + 2.10% thereafter) due 7/25/2033(3)		229,000		220,571
6.303% (6.303% fixed rate until 10/23/2028; SOFR + 1.79% thereafter) due 10/23/2029(3)		220,000		229,172
				4,805,760
Commercial Services — 0.3%
Ashtead Capital, Inc.
2.45% due 8/12/2031(5)		400,000		325,468
5.80% due 4/15/2034(5)		200,000		200,372
Element Fleet Management Corp.
5.643% due 3/13/2027(5)		95,000		95,361
ERAC USA Finance LLC
5.20% due 10/30/2034(5)		120,000		119,679
				740,880
Diversified Financial Services — 0.2%
American Express Co.
5.043% (5.043% fixed rate until 5/1/2033; SOFR + 1.84% thereafter) due 5/1/2034(3)		225,000		222,586
6.489% (6.489% fixed rate until 10/30/2028; SOFR + 1.94% thereafter) due 10/30/2031(3)		25,000		26,805
Capital One Financial Corp.
5.70% (5.70% fixed rate until 2/1/2029; SOFR + 1.91% thereafter) due 2/1/2030(3)		50,000		50,420
6.312% (6.312% fixed rate until 6/8/2028; SOFR + 2.64% thereafter) due 6/8/2029(3)		125,000		128,520
7.149% (7.149% fixed rate until 10/29/2026; SOFR + 2.44% thereafter) due 10/29/2027(3)		70,000		72,907
				501,238
Electric — 0.7%
Alabama Power Co.
Series 20-A
1.45% due 9/15/2030		18,000		14,568
Dominion Energy, Inc.
3.375% due 4/1/2030		39,000		35,481
Emera U.S. Finance LP
2.639% due 6/15/2031		135,000		110,349
FirstEnergy Pennsylvania Electric Co.
3.60% due 6/1/2029(5)		34,000		31,618

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Electric — (continued)
5.15% due 3/30/2026(5)	$	5,000	$	4,957
5.20% due 4/1/2028(5)		10,000		10,017
Georgia Power Co.
4.70% due 5/15/2032		299,000		292,159
4.75% due 9/1/2040		38,000		35,045
NextEra Energy Capital Holdings, Inc.
5.749% due 9/1/2025		85,000		85,364
Pacific Gas & Electric Co.
4.50% due 7/1/2040		487,025		415,725
Public Service Enterprise Group, Inc.
5.20% due 4/1/2029		135,000		135,181
5.45% due 4/1/2034		75,000		75,274
Southern California Edison Co.
3.70% due 8/1/2025		26,000		25,434
4.00% due 4/1/2047		29,000		22,984
4.65% due 10/1/2043		12,000		10,626
5.875% due 12/1/2053		115,000		118,997
Texas Electric Market Stabilization Funding LLC
Series A-1
4.265% due 8/1/2034(5)		194,689		188,640
				1,612,419
Entertainment — 0.1%
Warnermedia Holdings, Inc.
4.054% due 3/15/2029		184,000		172,235
				172,235
Food — 0.1%
Tyson Foods, Inc.
5.70% due 3/15/2034		302,000		305,799
				305,799
Gas — 0.1%
Boston Gas Co.
3.15% due 8/1/2027(5)		35,000		32,460
KeySpan Gas East Corp.
2.742% due 8/15/2026(5)		162,000		151,162
Southern Co. Gas Capital Corp.
5.75% due 9/15/2033		105,000		108,987
				292,609
Healthcare-Products — 0.2%
Alcon Finance Corp.
5.375% due 12/6/2032(5)		200,000		201,960
Smith & Nephew PLC
5.40% due 3/20/2034		215,000		214,353
				416,313
Healthcare-Services — 0.3%
HCA, Inc.
5.45% due 4/1/2031		60,000		60,356
Humana, Inc.
5.375% due 4/15/2031		90,000		90,135
5.50% due 3/15/2053		110,000		107,105
5.875% due 3/1/2033		125,000		129,022
Providence St. Joseph Health Obligated Group
5.403% due 10/1/2033		285,000		289,070
Sutter Health
Series 20A
2.294% due 8/15/2030		25,000		21,415
				697,103

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Insurance — 0.4%
Athene Global Funding
2.50% due 3/24/2028(5)	$	382,000	$	340,545
5.583% due 1/9/2029(5)		175,000		176,208
Corebridge Financial, Inc.
6.05% due 9/15/2033(5)		60,000		61,874
Corebridge Global Funding
5.90% due 9/19/2028(5)		35,000		35,899
Equitable Financial Life Global Funding
1.40% due 8/27/2027(5)		162,000		141,374
GA Global Funding Trust
5.50% due 1/8/2029(5)		180,000		180,844
				936,744
Machinery-Diversified — 0.2%
AGCO Corp.
5.80% due 3/21/2034		105,000		106,422
Westinghouse Air Brake Technologies Corp.
5.611% due 3/11/2034		380,000		384,894
				491,316
Mining — 0.4%
Glencore Funding LLC
5.371% due 4/4/2029(5)		110,000		110,191
5.70% due 5/8/2033(5)		45,000		45,790
5.893% due 4/4/2054(5)		60,000		60,949
6.375% due 10/6/2030(5)		470,000		496,005
6.50% due 10/6/2033(5)		104,000		111,065
				824,000
Oil & Gas — 0.2%
Equinor ASA
3.00% due 4/6/2027		359,000		340,648
				340,648
Pharmaceuticals — 0.1%
AbbVie, Inc.
4.95% due 3/15/2031		145,000		146,060
5.35% due 3/15/2044		10,000		10,204
5.40% due 3/15/2054		40,000		41,166
				197,430
Pipelines — 0.5%
Cheniere Energy Partners LP
4.00% due 3/1/2031		428,000		388,945
Columbia Pipelines Holding Co. LLC
5.681% due 1/15/2034(5)		40,000		39,775
Columbia Pipelines Operating Co. LLC
5.927% due 8/15/2030(5)		45,000		46,167
6.497% due 8/15/2043(5)		89,000		95,324
Eastern Gas Transmission & Storage, Inc.
3.60% due 12/15/2024		24,000		23,635
Energy Transfer LP
4.95% due 6/15/2028		12,000		11,896

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Pipelines — (continued)
Galaxy Pipeline Assets Bidco Ltd.
2.625% due 3/31/2036(5)	$	245,000	$	199,518
Gray Oak Pipeline LLC
2.60% due 10/15/2025(5)		85,000		81,053
3.45% due 10/15/2027(5)		15,000		14,083
Targa Resources Corp.
6.15% due 3/1/2029		105,000		109,433
				1,009,829
Real Estate Investment Trusts — 1.0%
American Tower Trust I
5.49% due 3/15/2028(5)		315,000		318,065
Extra Space Storage LP
5.50% due 7/1/2030		60,000		60,740
5.90% due 1/15/2031		120,000		124,274
GLP Capital LP/GLP Financing II, Inc.
6.75% due 12/1/2033		250,000		263,210
Kite Realty Group LP
5.50% due 3/1/2034		440,000		437,343
LXP Industrial Trust
6.75% due 11/15/2028		185,000		192,815
Prologis Targeted U.S. Logistics Fund LP
5.25% due 4/1/2029(5)		55,000		54,924
Realty Income Corp.
5.125% due 2/15/2034		350,000		343,469
VICI Properties LP
6.125% due 4/1/2054		178,000		176,528
VICI Properties LP/VICI Note Co., Inc.
5.75% due 2/1/2027(5)		325,000		324,665
WEA Finance LLC
2.875% due 1/15/2027(5)		20,000		18,322
3.50% due 6/15/2029(5)		45,000		39,715
				2,354,070
Semiconductors — 0.2%
Broadcom, Inc.
3.469% due 4/15/2034(5)		317,000		272,027
Intel Corp.
5.60% due 2/21/2054		233,000		237,793
				509,820
Software — 0.3%
Constellation Software, Inc.
5.158% due 2/16/2029(5)		30,000		29,981
5.461% due 2/16/2034(5)		384,000		386,223
Oracle Corp.
3.65% due 3/25/2041		352,000		276,278
				692,482
Telecommunications — 0.2%
AT&T, Inc.
3.50% due 9/15/2053		68,000		48,028
3.65% due 6/1/2051		95,000		69,684
3.85% due 6/1/2060		19,000		13,777
4.30% due 12/15/2042		242,000		208,437
T-Mobile USA, Inc.
6.00% due 6/15/2054		80,000		85,592
Verizon Communications, Inc.
2.875% due 11/20/2050		50,000		32,711
2.987% due 10/30/2056		70,000		44,764
				502,993

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)		Principal Amount		Value
Corporate Bonds & Notes — (continued)
Trucking & Leasing — 0.2%
DAE Funding LLC
1.55% due 8/1/2024(5)		$	294,000	$	289,243
Penske Truck Leasing Co. LP/PTL Finance Corp.
3.95% due 3/10/2025(5)			203,000		199,827
					489,070
Total Corporate Bonds & Notes (Cost $19,513,244)					19,758,412
Municipals — 0.5%
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue
Series A
6.899% due 12/1/2040			48,515		54,762
Dallas Fort Worth International Airport
Series A
4.087% due 11/1/2051			100,000		87,177
Metropolitan Transportation Authority
Series C2
5.175% due 11/15/2049			105,000		102,980
Municipal Electric Authority of Georgia
Series A
6.637% due 4/1/2057			148,000		168,178
Regents of the University of California Medical Center Pooled Revenue
Series N
3.006% due 5/15/2050			125,000		86,647
State of Illinois
5.10% due 6/1/2033			380,000		377,165
Texas Natural Gas Securitization Finance Corp.
5.102% due 4/1/2035			120,000		121,170
5.169% due 4/1/2041			90,000		91,543
Total Municipals (Cost $1,134,998)					1,089,622
Non-Agency Mortgage-Backed Securities — 0.5%
Fannie Mae REMIC
Series 2019-42, Class LA
3.00% due 8/25/2049			273,731		248,604
Series 2020-27, Class HC
1.50% due 10/25/2049			386,617		301,150
Freddie Mac REMIC
Series 3967, Class ZP
4.00% due 9/15/2041			251,162		239,331
Series 5170, Class DP
2.00% due 7/25/2050			233,374		197,703
Ginnie Mae REMIC
Series 2021-215, Class KA
2.50% due 10/20/2049			282,793		244,481
Total Non-Agency Mortgage-Backed Securities (Cost $1,303,671)					1,231,269
Foreign Government — 0.5%
Israel Government International Bonds
5.375% due 3/12/2029	USD		220,000		220,528
5.50% due 3/12/2034	USD		460,000		454,517

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)		Principal Amount		Value
Foreign Government — (continued)
Saudi Government International Bonds
5.75% due 1/16/2054(5)	USD		415,000	$	411,286
Total Foreign Government (Cost $1,079,602)					1,086,331
U.S. Government Securities — 12.7%
U.S. Treasury Bonds
2.25% due 2/15/2052		$	805,700		531,258
2.375% due 2/15/2042			1,266,800		943,766
3.25% due 5/15/2042			25,000		21,289
3.375% due 8/15/2042			129,600		112,124
3.625% due 2/15/2053			694,300		610,876
3.625% due 5/15/2053			630,800		555,400
3.875% due 2/15/2043			1,269,800		1,175,756
3.875% due 5/15/2043			820,300		758,393
4.00% due 11/15/2042			976,900		921,644
4.00% due 11/15/2052			652,100		614,197
4.125% due 8/15/2053			268,100		258,214
4.25% due 2/15/2054			747,600		736,736
4.375% due 8/15/2043			685,500		678,538
4.50% due 2/15/2044			478,200		481,637
4.75% due 11/15/2043			895,000		929,961
4.75% due 11/15/2053			497,600		532,199
U.S. Treasury Notes
2.625% due 5/31/2027			210,000		199,106
2.75% due 4/30/2027			934,500		890,403
2.75% due 7/31/2027			195,000		185,281
3.125% due 8/31/2027			269,000		258,555
3.50% due 9/15/2025			150,000		147,229
3.50% due 1/31/2028			80,300		77,991
3.50% due 4/30/2028			519,000		503,795
3.50% due 4/30/2030			70,000		67,315
3.625% due 5/15/2026			924,000		905,953
3.625% due 3/31/2028			163,000		159,001
3.625% due 5/31/2028			204,000		198,932
3.75% due 4/15/2026			575,000		565,252
3.75% due 12/31/2028			943,300		923,845
3.75% due 5/31/2030			78,000		76,013
3.75% due 6/30/2030			247,000		240,632
3.75% due 12/31/2030			298,000		289,991
3.875% due 11/30/2027			549,000		540,465
3.875% due 12/31/2027			219,600		216,186
3.875% due 12/31/2029			237,100		232,951
4.00% due 12/15/2025			332,000		327,980
4.00% due 1/15/2027			197,000		194,722
4.00% due 2/29/2028			651,800		644,569
4.00% due 6/30/2028			155,000		153,353
4.00% due 1/31/2029			1,238,600		1,226,698
4.00% due 10/31/2029			257,000		254,129
4.00% due 7/31/2030			57,200		56,498
4.00% due 2/15/2034			82,600		81,322
4.125% due 9/30/2027			423,400		420,357
4.125% due 10/31/2027			519,000		515,148
4.125% due 7/31/2028			493,200		490,464
4.125% due 3/31/2029			261,100		260,054
4.25% due 2/28/2029			1,206,400		1,208,851
4.375% due 8/15/2026			135,000		134,525
4.375% due 12/15/2026			250,000		249,492
4.375% due 8/31/2028			462,700		464,869
4.375% due 11/30/2028			410,000		412,466
4.375% due 11/30/2030			20,000		20,181
4.50% due 7/15/2026			275,000		274,678
4.625% due 3/15/2026			40,000		39,978
4.625% due 9/15/2026			198,000		198,511
4.625% due 10/15/2026			157,000		157,503

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
U.S. Government Securities — (continued)
4.625% due 11/15/2026	$	648,000	$	650,379
4.625% due 9/30/2028		937,800		951,940
4.875% due 11/30/2025		787,000		788,414
4.875% due 10/31/2028		927,000		950,899
4.875% due 10/31/2030		121,000		125,500
5.00% due 8/31/2025		205,000		205,432
5.00% due 9/30/2025		993,000		995,638
Total U.S. Government Securities (Cost $29,681,112)				28,995,434
U.S. Treasury Bills — 0.2%
U.S. Treasury Bills
5.736% due 7/9/2024(6)		570,000		561,867
Total U.S. Treasury Bills (Cost $561,840)				561,867
Repurchase Agreements — 0.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $1,259,288, due 4/1/2024(7)		1,259,064		1,259,064
Total Repurchase Agreements (Cost $1,259,064)				1,259,064
Total Investments — 99.8% (Cost $196,769,819)				227,454,118
Assets in excess of other liabilities — 0.2%				369,667
Total Net Assets — 100.0%			$	227,823,785

(1) Non–income–producing security.

(2) Variable coupon rate based on weighted average interest rate of underlying mortgages.

(3) Variable rate securities, which may include step-up bonds or adjustable rate mortgages. The rate shown is the rate in effect at March 31, 2024.

(4) TBA - To be announced.

(5) 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 March 31, 2024, the aggregate market value of these securities amounted to $10,745,993, representing 4.7% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

(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 Bond		4.25	%		2/15/2054	$	1,299,900	$	1,284,339

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Depreciation
U.S. Ultra 10-Year Treasury Note		June 2024		4		Short	$	(458,004	)	$	(458,438	)	$	(434	)

Legend:

ADR – American Depositary Receipt

CMT – Constant Maturity Treasury

REITs – Real Estate Investment Trusts

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN BALANCED ALLOCATION VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	149,854,815		$	—	$	—	$	149,854,815
Agency Mortgage-Backed Securities		—			20,628,689		—		20,628,689
Asset-Backed Securities		—			2,988,615		—		2,988,615
Corporate Bonds & Notes		—			19,758,412		—		19,758,412
Municipals		—			1,089,622		—		1,089,622
Non-Agency Mortgage-Backed Securities		—			1,231,269		—		1,231,269
Foreign Government		—			1,086,331		—		1,086,331
U.S. Government Securities		—			28,995,434		—		28,995,434
U.S. Treasury Bills		—			561,867		—		561,867
Repurchase Agreements		—			1,259,064		—		1,259,064
Total	$	149,854,815		$	77,599,303	$	—	$	227,454,118
Other Financial Instruments
Futures Contracts
Liabilities	$	(434	)	$	—	$	—	$	(434	)
Total	$	(434	)	$	—	$	—	$	(434	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 14.9%
Federal Home Loan Mortgage Corp.
3.00% due 3/1/2052	$	2,611,713	$	2,251,686
3.50% due 6/1/2052		6,350,306		5,694,376
4.00% due 10/1/2037		394,761		382,521
4.00% due 6/1/2052		3,012,486		2,791,951
4.50% due 8/1/2052		3,663,679		3,496,306
4.50% due 9/1/2052		463,909		442,461
5.50% due 9/1/2053		4,183,111		4,175,449
6.00% due 8/1/2053		2,016,281		2,037,108
6.00% due 10/1/2053		4,019,684		4,056,525
Federal National Mortgage Association
3.00% due 7/1/2051		3,449,862		2,971,822
3.00% due 5/1/2052		9,288,131		8,009,873
3.50% due 6/1/2052		4,723,211		4,235,345
3.50% due 9/1/2052		3,687,131		3,314,957
3.50% due 10/1/2052		3,850,357		3,450,856
4.00% due 6/1/2052		4,661,729		4,320,457
4.00% due 10/1/2052		4,820,367		4,467,482
4.50% due 10/1/2053		4,612,421		4,393,637
5.00% due 2/1/2053		302,658		295,441
5.50% due 1/1/2054		1,082,315		1,076,812
6.00% due 9/1/2053		294,207		296,919
Total Agency Mortgage-Backed Securities (Cost $64,196,025)				62,161,984
Asset-Backed Securities — 20.1%
AGL CLO 17 Ltd.
Series 2022-17A, Class A
6.648% (3 mo. USD Term SOFR + 1.33%) due 1/21/2035(1)(2)		1,200,000		1,199,040
Aligned Data Centers Issuer LLC
Series 2021-1A, Class A2
1.937% due 8/15/2046(1)		2,016,000		1,834,940
Allegro CLO VI Ltd.
Series 2017-2A, Class B
7.078% (3 mo. USD Term SOFR + 1.76%) due 1/17/2031(1)(2)		2,000,000		1,994,800
Ally Auto Receivables Trust
Series 2022-1, Class A3
3.31% due 11/15/2026		3,021,000		2,977,766
AmeriCredit Automobile Receivables Trust
Series 2020-3, Class C
1.06% due 8/18/2026		2,625,000		2,554,827
Anchorage Capital CLO 17 Ltd.
Series 2021-17A, Class A1
6.746% (3 mo. USD Term SOFR + 1.43%) due 7/15/2034(1)(2)		2,800,000		2,797,760
Anchorage Capital CLO 21 Ltd.
Series 2021-21A, Class B
7.329% (3 mo. USD Term SOFR + 2.01%) due 10/20/2034(1)(2)		1,750,000		1,745,625
Ares XXVII CLO Ltd.
Series 2013-2A, Class BR2
7.231% (3 mo. USD Term SOFR + 1.91%) due 10/28/2034(1)(2)		2,000,000		1,996,022

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Ares XXVIIIR CLO Ltd.
Series 2018-28RA, Class A2
6.978% (3 mo. USD Term SOFR + 1.66%) due 10/17/2030(1)(2)	$	2,400,000	$	2,392,872
Avis Budget Rental Car Funding AESOP LLC
Series 2019-3A, Class A
2.36% due 3/20/2026(1)		2,440,000		2,381,619
Barings CLO Ltd.
Series 2020-1A, Class AR
6.726% (3 mo. USD Term SOFR + 1.41%) due 10/15/2036(1)(2)		2,800,000		2,797,421
Battery Park CLO II Ltd.
Series 2022-1A, Class A1
7.528% (3 mo. USD Term SOFR + 2.21%) due 10/20/2035(1)(2)		3,550,000		3,570,945
Benefit Street Partners CLO XVI Ltd.
Series 2018-16A, Class BR
7.128% (3 mo. USD Term SOFR + 1.81%) due 1/17/2032(1)(2)		2,800,000		2,793,000
Canyon Capital CLO Ltd.
Series 2022-1A, Class B
7.167% (3 mo. USD Term SOFR + 1.85%) due 4/15/2035(1)(2)		2,000,000		1,993,734
CarMax Auto Owner Trust
Series 2020-4, Class B
0.85% due 6/15/2026		2,200,000		2,124,225
Cathedral Lake VI Ltd.
Series 2021-6A, Class AN
6.836% (3 mo. USD Term SOFR + 1.51%) due 4/25/2034(1)(2)		2,500,000		2,500,163
CIFC Funding Ltd.
Series 2013-4A, Class BRR
7.181% (3 mo. USD Term SOFR + 1.86%) due 4/27/2031(1)(2)		2,000,000		1,995,200
Dryden 80 CLO Ltd.
Series 2019-80A, Class AR
6.567% (3 mo. USD Term SOFR + 1.25%) due 1/17/2033(1)(2)		3,350,000		3,337,605
Dryden Senior Loan Fund
Series 2017-47A, Class CR
7.626% (3 mo. USD Term SOFR + 2.31%) due 4/15/2028(1)(2)		2,100,000		2,095,380
Ford Credit Auto Owner Trust
Series 2020-1, Class A
2.04% due 8/15/2031(1)		2,400,000		2,329,247
GM Financial Consumer Automobile Receivables Trust
Series 2020-4, Class A4
0.50% due 2/17/2026		3,579,000		3,515,148
Hyundai Auto Lease Securitization Trust
Series 2022-B, Class A3
3.35% due 6/16/2025(1)		1,529,986		1,523,817

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
ICG U.S. CLO Ltd.
Series 2022-1A, Class A1
6.858% (3 mo. USD Term SOFR + 1.54%) due 7/20/2035(1)(2)	$	2,500,000	$	2,497,000
Jamestown CLO XI Ltd.
Series 2018-11A, Class A2
7.276% (3 mo. USD Term SOFR + 1.96%) due 7/14/2031(1)(2)		2,800,000		2,793,280
KKR CLO 38 Ltd.
Series 38A, Class A1
6.634% (3 mo. USD Term SOFR + 1.32%) due 4/15/2033(1)(2)		2,800,000		2,788,358
Midocean Credit CLO VIII
Series 2018-8A, Class A2
6.881% (3 mo. USD Term SOFR + 1.56%) due 2/20/2031(1)(2)		700,000		699,510
Neuberger Berman Loan Advisers CLO 26 Ltd.
Series 2017-26A, Class BR
6.96% (3 mo. USD Term SOFR + 1.66%) due 10/18/2030(1)(2)		1,050,000		1,044,225
Neuberger Berman Loan Advisers CLO 40 Ltd.
Series 2021-40A, Class A
6.636% (3 mo. USD Term SOFR + 1.32%) due 4/16/2033(1)(2)		2,900,000		2,897,970
NextGear Floorplan Master Owner Trust
Series 2024-1A, Class A2
5.12% due 3/15/2029(1)		2,500,000		2,494,644
Nissan Auto Lease Trust
Series 2023-A, Class A4
4.80% due 7/15/2027		1,600,000		1,589,858
OHA Credit Partners XIV Ltd.
Series 2017-14A, Class B
7.079% (3 mo. USD Term SOFR + 1.76%) due 1/21/2030(1)(2)		2,000,000		1,994,800
Oscar U.S. Funding XV LLC
Series 2023-1A, Class A3
5.81% due 12/10/2027(1)		1,300,000		1,306,810
RRX 6 Ltd.
Series 2021-6A, Class A1
6.766% (3 mo. USD Term SOFR + 1.45%) due 1/15/2037(1)(2)		1,800,000		1,797,120
Santander Drive Auto Receivables Trust
Series 2022-3, Class A3
3.40% due 12/15/2026		831,300		827,471
TCW CLO Ltd.
Series 2021-1A, Class A
6.749% (3 mo. USD Term SOFR + 1.43%) due 3/18/2034(1)(2)		850,000		849,830

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
TIAA CLO IV Ltd.
Series 2018-1A, Class A2
7.279% (3 mo. USD Term SOFR + 1.96%) due 1/20/2032(1)(2)	$	1,240,000	$	1,236,900
Toyota Auto Loan Extended Note Trust
Series 2021-1A, Class A
1.07% due 2/27/2034(1)		2,175,000		2,015,657
Voya CLO Ltd.
Series 2015-3A, Class A3R
7.279% (3 mo. USD Term SOFR + 1.96%) due 10/20/2031(1)(2)		2,000,000		2,002,792
World Omni Auto Receivables Trust
Series 2021-B, Class A4
0.69% due 6/15/2027		2,800,000		2,655,729
Total Asset-Backed Securities (Cost $83,789,916)				83,943,110
Corporate Bonds & Notes — 26.3%
Aerospace & Defense — 0.3%
L3Harris Technologies, Inc.
5.35% due 6/1/2034		400,000		400,356
RTX Corp.
6.10% due 3/15/2034		1,000,000		1,069,350
				1,469,706
Agriculture — 0.5%
Archer-Daniels-Midland Co.
2.90% due 3/1/2032		1,800,000		1,553,940
Philip Morris International, Inc.
5.125% due 2/13/2031		500,000		497,040
				2,050,980
Auto Manufacturers — 0.3%
Hyundai Capital America
5.40% due 1/8/2031(1)		1,100,000		1,104,356
				1,104,356
Beverages — 0.1%
Anheuser-Busch InBev Worldwide, Inc.
4.95% due 1/15/2042		600,000		582,918
				582,918
Biotechnology — 0.5%
Amgen, Inc.
5.60% due 3/2/2043		800,000		813,912
Gilead Sciences, Inc.
5.25% due 10/15/2033		1,000,000		1,021,280
5.55% due 10/15/2053		100,000		103,559
				1,938,751
Building Materials — 0.1%
Carrier Global Corp.
3.377% due 4/5/2040		500,000		391,540
				391,540

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — 7.1%
AIB Group PLC
5.871% (5.871% fixed rate until 3/28/2034; SOFR + 1.91% thereafter) due 3/28/2035(1)(2)	$	1,000,000	$	1,004,940
Bank of America Corp.
1.898% (1.898% fixed rate until 7/23/2030; SOFR + 1.53% thereafter) due 7/23/2031(2)		2,200,000		1,807,102
4.271% (4.271% fixed rate until 7/23/2028; 3 mo. USD Term SOFR + 1.57% thereafter) due 7/23/2029(2)		2,200,000		2,120,316
Bank of Ireland Group PLC
5.601% (5.601% fixed rate until 3/20/2029; SOFR + 1.62% thereafter) due 3/20/2030(1)(2)		800,000		800,880
Barclays PLC
4.972% (4.972% fixed rate until 5/16/2028; 3 mo. USD Term SOFR + 2.12% thereafter) due 5/16/2029(2)		600,000		587,844
BNP Paribas SA
5.176% (5.176% fixed rate until 1/9/2029; SOFR + 1.52% thereafter) due 1/9/2030(1)(2)		2,500,000		2,499,900
5.497% (5.497% fixed rate until 5/20/2029; SOFR + 1.59% thereafter) due 5/20/2030(1)(2)		800,000		801,768
Danske Bank AS
5.705% (5.705% fixed rate until 3/1/2029; 1 yr. CMT rate + 1.40% thereafter) due 3/1/2030(1)(2)		1,400,000		1,410,346
Deutsche Bank AG
2.311% (2.311% fixed rate until 11/16/2026; SOFR + 1.22% thereafter) due 11/16/2027(2)		3,900,000		3,564,015
JPMorgan Chase & Co.
4.493% (4.493% fixed rate until 3/24/2030; 3 mo. USD Term SOFR + 3.79% thereafter) due 3/24/2031(2)		1,900,000		1,837,623
5.04% (5.04% fixed rate until 1/23/2027; SOFR + 1.19% thereafter) due 1/23/2028(2)		700,000		697,795
5.336% (5.336% fixed rate until 1/23/2034; SOFR + 1.62% thereafter) due 1/23/2035(2)		1,400,000		1,405,880
Lloyds Banking Group PLC
3.574% (3.574% fixed rate until 11/7/2027; 3 mo. USD Term SOFR + 1.43% thereafter) due 11/7/2028(2)		1,400,000		1,313,312

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Morgan Stanley
2.239% (2.239% fixed rate until 7/21/2031; SOFR + 1.18% thereafter) due 7/21/2032(2)	$	900,000	$	734,436
5.123% (5.123% fixed rate until 2/1/2028; SOFR + 1.73% thereafter) due 2/1/2029(2)		1,200,000		1,197,960
5.173% (5.173% fixed rate until 1/16/2029; SOFR + 1.45% thereafter) due 1/16/2030(2)		1,500,000		1,500,060
NatWest Group PLC
5.076% (5.076% fixed rate until 1/27/2029; 3 mo. USD Term SOFR + 2.13% thereafter) due 1/27/2030(2)		700,000		687,435
5.808% (5.808% fixed rate until 9/13/2028; 1 yr. CMT rate + 1.95% thereafter) due 9/13/2029(2)		2,500,000		2,540,925
Sumitomo Mitsui Trust Bank Ltd.
5.20% due 3/7/2029(1)		800,000		806,144
U.S. Bancorp
5.836% (5.836% fixed rate until 6/10/2033; SOFR + 2.26% thereafter) due 6/12/2034(2)		1,200,000		1,224,240
UBS Group AG
3.869% (3.869% fixed rate until 1/12/2028; 3 mo. USD Term SOFR + 1.63% thereafter) due 1/12/2029(1)(2)		1,100,000		1,040,501
				29,583,422
Computers — 0.0%
Apple, Inc.
3.25% due 8/8/2029		100,000		93,987
				93,987
Cosmetics & Personal Care — 0.1%
Kenvue, Inc.
5.05% due 3/22/2053		500,000		489,430
				489,430
Diversified Financial Services — 0.5%
Charles Schwab Corp.
6.136% (6.136% fixed rate until 8/24/2033; SOFR + 2.01% thereafter) due 8/24/2034(2)		700,000		730,856
Jefferies Financial Group, Inc.
5.875% due 7/21/2028		1,100,000		1,121,230
Mastercard, Inc.
4.85% due 3/9/2033		200,000		201,462
				2,053,548
Electric — 2.0%
Alabama Power Co.
3.94% due 9/1/2032		1,000,000		929,390
Constellation Energy Generation LLC
5.75% due 3/15/2054		600,000		602,076

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Electric — (continued)
Florida Power & Light Co.
4.05% due 10/1/2044	$	1,200,000	$	1,026,072
National Grid PLC
5.418% due 1/11/2034		2,000,000		1,987,980
Public Service Electric & Gas Co.
5.45% due 8/1/2053		300,000		308,955
Public Service Enterprise Group, Inc.
5.45% due 4/1/2034		1,000,000		1,003,660
Wisconsin Public Service Corp.
2.85% due 12/1/2051		400,000		255,884
Xcel Energy, Inc.
5.50% due 3/15/2034		2,200,000		2,189,110
				8,303,127
Electronics — 0.2%
Honeywell International, Inc.
1.95% due 6/1/2030		800,000		682,560
				682,560
Environmental Control — 0.8%
Waste Management, Inc.
4.15% due 4/15/2032		3,300,000		3,154,470
				3,154,470
Food — 0.4%
Campbell Soup Co.
5.40% due 3/21/2034		800,000		806,560
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
5.75% due 4/1/2033		500,000		493,080
6.50% due 12/1/2052		200,000		198,016
				1,497,656
Gas — 0.3%
CenterPoint Energy Resources Corp.
5.40% due 3/1/2033		1,100,000		1,118,700
				1,118,700
Healthcare-Services — 1.4%
Elevance Health, Inc.
4.75% due 2/15/2033		800,000		780,600
5.125% due 2/15/2053		200,000		191,796
HCA, Inc.
5.25% due 6/15/2026		600,000		598,356
5.50% due 6/15/2047		900,000		856,269
5.60% due 4/1/2034		500,000		503,860
UnitedHealth Group, Inc.
3.05% due 5/15/2041		600,000		455,100
5.00% due 4/15/2034		1,700,000		1,704,471
5.15% due 10/15/2025		200,000		200,322
5.375% due 4/15/2054		400,000		407,912
				5,698,686
Insurance — 0.9%
AIA Group Ltd.
5.375% due 4/5/2034(1)		500,000		500,610
Assurant, Inc.
3.70% due 2/22/2030		1,000,000		904,650
Chubb INA Holdings, Inc.
5.00% due 3/15/2034		1,000,000		1,004,210
Lincoln National Corp.
5.852% due 3/15/2034		1,200,000		1,187,292
				3,596,762

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Internet — 0.2%
Amazon.com, Inc.
4.80% due 12/5/2034	$	900,000	$	908,172
				908,172
Lodging — 0.1%
Marriott International, Inc.
5.30% due 5/15/2034		600,000		593,550
				593,550
Machinery-Diversified — 0.4%
Deere & Co.
3.90% due 6/9/2042		500,000		431,645
John Deere Capital Corp.
4.50% due 1/16/2029		900,000		891,216
Series I 5.15% due 9/8/2033		300,000		306,489
				1,629,350
Media — 0.5%
Charter Communications Operating LLC/Charter Communications Operating Capital
2.25% due 1/15/2029		700,000		596,134
5.25% due 4/1/2053		300,000		238,215
Comcast Corp.
3.75% due 4/1/2040		400,000		332,592
4.25% due 1/15/2033		500,000		473,560
5.35% due 5/15/2053		400,000		397,276
				2,037,777
Miscellaneous Manufacturing — 0.6%
General Electric Co.
Series A
6.75% due 3/15/2032		2,400,000		2,675,496
				2,675,496
Oil & Gas — 1.2%
BP Capital Markets America, Inc.
3.633% due 4/6/2030		1,300,000		1,225,523
4.812% due 2/13/2033		1,300,000		1,283,620
Diamondback Energy, Inc.
3.50% due 12/1/2029		300,000		277,752
6.25% due 3/15/2053		300,000		323,712
Exxon Mobil Corp.
3.482% due 3/19/2030		1,300,000		1,225,601
Marathon Oil Corp.
5.70% due 4/1/2034		800,000		802,040
				5,138,248
Packaging & Containers — 0.4%
Berry Global, Inc.
5.65% due 1/15/2034(1)		600,000		596,952
Packaging Corp. of America
5.70% due 12/1/2033		1,000,000		1,033,750
				1,630,702
Pharmaceuticals — 2.2%
AbbVie, Inc.
4.05% due 11/21/2039		800,000		712,040
5.05% due 3/15/2034		1,500,000		1,517,955
5.40% due 3/15/2054		500,000		514,570
Cigna Group
5.40% due 3/15/2033		1,400,000		1,426,530
CVS Health Corp.
5.00% due 2/20/2026		700,000		697,648
5.30% due 6/1/2033		1,400,000		1,402,394
5.875% due 6/1/2053		500,000		508,695

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Pharmaceuticals — (continued)
Pfizer Investment Enterprises Pte. Ltd.
4.75% due 5/19/2033	$	2,100,000	$	2,068,626
5.30% due 5/19/2053		400,000		398,320
				9,246,778
Pipelines — 0.6%
Cheniere Energy Partners LP
5.95% due 6/30/2033		1,400,000		1,435,896
Enterprise Products Operating LLC
4.85% due 1/31/2034		800,000		788,504
4.85% due 3/15/2044		400,000		375,040
				2,599,440
Real Estate Investment Trusts — 1.0%
Crown Castle, Inc.
5.80% due 3/1/2034		1,600,000		1,637,728
Extra Space Storage LP
5.40% due 2/1/2034		1,200,000		1,195,524
Realty Income Corp.
5.125% due 2/15/2034		700,000		686,938
Regency Centers LP
5.25% due 1/15/2034		800,000		794,792
				4,314,982
Retail — 0.7%
Darden Restaurants, Inc.
6.30% due 10/10/2033		700,000		730,926
Home Depot, Inc.
4.50% due 9/15/2032		800,000		785,264
Lowe’s Cos., Inc.
3.70% due 4/15/2046		600,000		460,056
5.15% due 7/1/2033		400,000		403,144
Target Corp.
4.50% due 9/15/2032		400,000		392,132
				2,771,522
Semiconductors — 0.3%
Marvell Technology, Inc.
5.95% due 9/15/2033		1,100,000		1,140,821
				1,140,821
Software — 0.8%
Microsoft Corp.
3.30% due 2/6/2027		1,300,000		1,260,272
Oracle Corp.
5.55% due 2/6/2053		300,000		293,754
6.25% due 11/9/2032		1,700,000		1,820,547
				3,374,573
Telecommunications — 0.9%
Cisco Systems, Inc.
5.05% due 2/26/2034		1,000,000		1,013,890
5.30% due 2/26/2054		500,000		513,975
Rogers Communications, Inc.
4.55% due 3/15/2052		400,000		337,720
5.30% due 2/15/2034		1,000,000		991,420
T-Mobile USA, Inc.
2.70% due 3/15/2032		300,000		252,432
3.00% due 2/15/2041		600,000		442,212
3.40% due 10/15/2052		200,000		141,606
				3,693,255

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Transportation — 0.3%
Norfolk Southern Corp.
5.35% due 8/1/2054	$	500,000	$	494,465
5.55% due 3/15/2034		500,000		520,460
Union Pacific Corp.
3.95% due 9/10/2028		300,000		292,686
				1,307,611
Trucking & Leasing — 0.6%
Penske Truck Leasing Co. LP/PTL Finance Corp.
5.35% due 3/30/2029(1)		800,000		801,320
SMBC Aviation Capital Finance DAC
5.55% due 4/3/2034(1)		1,800,000		1,792,026
				2,593,346
Total Corporate Bonds & Notes (Cost $108,631,495)				109,466,222
Non-Agency Mortgage-Backed Securities — 8.7%
Benchmark Mortgage Trust
Series 2018-B3, Class AS
4.195% due 4/10/2051(2)(3)		2,550,000		2,372,477
Series 2024-V5, Class AM
6.417% due 1/10/2057(2)(3)		1,430,000		1,484,281
Series 2024-V5, Class B
6.059% due 1/10/2057(2)(3)		600,000		602,713
BMO Mortgage Trust
Series 2023-C6, Class AS
6.55% due 9/15/2056(2)(3)		1,600,000		1,720,275
BX Trust
Series 2019-OC11, Class A
3.202% due 12/9/2041(1)		2,000,000		1,780,560
Citigroup Commercial Mortgage Trust
Series 2014-GC23, Class AS
3.863% due 7/10/2047		2,750,000		2,723,750
Commercial Mortgage Trust
Series 2017-COR2, Class A3
3.51% due 9/10/2050		2,920,000		2,735,379
Series 2019-GC44, Class AM
3.263% due 8/15/2057		2,415,000		2,155,338
DBGS Mortgage Trust
Series 2018-C1, Class AM
4.627% due 10/15/2051(2)(3)		2,400,000		2,237,871
DBUBS Mortgage Trust
Series 2017-BRBK, Class A
3.452% due 10/10/2034(1)		1,760,000		1,639,727
Freddie Mac STACR REMIC Trust
Series 2021-DNA7, Class M2
7.12% due 11/25/2041(1)(2)(3)		2,200,000		2,211,127
Series 2021-HQA4, Class M1
6.27% due 12/25/2041(1)(2)(3)		1,219,384		1,209,378
Series 2022-DNA1, Class M1A
6.32% due 1/25/2042(1)(2)(3)		1,006,832		1,006,444
Series 2022-HQA3, Class M1A
7.62% due 8/25/2042(1)(2)(3)		2,214,511		2,258,264
Hilton USA Trust
Series 2016-HHV, Class A
3.719% due 11/5/2038(1)		1,875,000		1,780,983
Jackson Park Trust
Series 2019-LIC, Class A
2.766% due 10/14/2039(1)		2,000,000		1,736,736

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
SLG Office Trust
Series 2021-OVA, Class A
2.585% due 7/15/2041(1)	$	600,000	$	495,811
Wells Fargo Commercial Mortgage Trust
Series 2015-NXS4, Class A4
3.718% due 12/15/2048		3,120,000		3,028,053
Series 2018-C43, Class A4
4.012% due 3/15/2051(2)(3)		3,000,000		2,868,419
Total Non-Agency Mortgage-Backed Securities (Cost $36,730,507)				36,047,586
Senior Secured Loans — 3.1%
Advertising — 0.2%
Outfront Media Capital LLC
2019 Term Loan B
7.077% (1 mo. USD Term SOFR + 1.75%) due 11/18/2026(2)		750,000		748,357
				748,357
Airlines — 0.5%
Air Canada
2024 Term Loan B
7.833% (3 mo. USD Term SOFR + 2.50%) due 3/21/2031(2)		625,000		625,394
United Airlines, Inc.
2024 Term Loan B
8.076% (3 mo. USD Term SOFR + 2.75%) due 2/15/2031(2)		550,000		549,912
WestJet Loyalty LP
Term Loan B
9.057% (3 mo. USD Term SOFR + 3.75%) due 2/14/2031(2)		1,150,000		1,149,045
				2,324,351
Commercial Services — 0.1%
Vestis Corp.
Term Loan
7.576% (3 mo. USD Term SOFR + 2.25%) due 2/22/2031(2)		250,000		249,688
				249,688
Distribution/Wholesale — 0.1%
Core & Main LP
2024 Incremental Term Loan B
7.564% (3 mo. USD Term SOFR + 2.25%) due 2/9/2031(2)		650,000		647,562
				647,562
Electric — 0.2%
ExGen Renewables IV LLC
2020 Term Loan
8.105% (3 mo. USD Term SOFR + 2.50%) due 12/15/2027(2)		750,000		750,000
				750,000

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Entertainment — 0.6%
Caesars Entertainment, Inc.
2024 Term Loan B1
8.041% (3 mo. USD Term SOFR + 2.75%) due 2/6/2031(2)	$	1,250,000	$	1,250,000
Flutter Financing BV
Term Loan B
7.559% (3 mo. USD Term SOFR + 2.25%) due 11/29/2030(2)		1,122,188		1,121,582
				2,371,582
Healthcare-Services — 0.3%
DaVita, Inc.
2020 Term Loan B
0.00% due 8/12/2026(2)(4)		748,025		747,703
ICON Luxembourg SARL
2024 LUX Term Loan B
7.302% (1 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		366,457		367,095
PRA Health Sciences, Inc.
2024 US Term Loan B
7.302% (3 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		91,303		91,462
				1,206,260
Leisure Time — 0.1%
Alterra Mountain Co.
2024 Add-on Term Loan B
0.00% due 5/31/2030(2)(4)		400,000		401,500
				401,500
Lodging — 0.5%
Fertitta Entertainment LLC
2022 Term Loan B
9.077% (1 mo. USD Term SOFR + 3.75%) due 1/29/2029(2)		404,967		405,728
Hilton Grand Vacations Borrower LLC
2024 Incremental Term Loan B 0.00% due 1/17/2031(2)(4)		750,000		751,170
Station Casinos LLC
2024 Term Loan B 0.00% due 3/7/2031(2)(4)		1,125,000		1,122,829
				2,279,727
Media — 0.3%
Nexstar Broadcasting, Inc.
2019 Term Loan B4
7.941% (1 mo. USD Term SOFR + 2.50%) due 9/18/2026(2)		1,100,000		1,099,692
				1,099,692

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Software — 0.2%
Dun & Bradstreet Corp.
2024 Term Loan B
8.082% (1 mo. USD Term SOFR + 2.75%) due 1/18/2029(2)	$	1,000,000	$	999,530
				999,530
Total Senior Secured Loans (Cost $13,048,734)				13,078,249
U.S. Government Agencies — 1.4%
Federal Home Loan Bank Discount Notes
5.239% due 4/1/2024(5)		5,900,000		5,896,481
Total U.S. Government Agencies (Cost $5,900,000)				5,896,481
U.S. Government Securities — 23.1%
U.S. Treasury Bonds
4.25% due 2/15/2054		19,000,000		18,723,906
4.50% due 2/15/2044		35,800,000		36,057,312
U.S. Treasury Notes
4.00% due 2/15/2034		2,500,000		2,461,328
4.25% due 2/28/2029		26,100,000		26,153,016
4.625% due 2/28/2026		13,000,000		12,992,891
Total U.S. Government Securities (Cost $95,913,100)				96,388,453
Commercial Paper — 0.3%
Bristol-Myers Squibb Co.
5.399% due 4/2/2024(1)		1,300,000		1,299,808
Total Commercial Paper (Cost $1,299,808)				1,299,808
	Shares		Value
Exchange-Traded Funds — 2.0%
iShares MBS ETF		45,640		4,218,049
Vanguard Mortgage-Backed Securities ETF		85,580		3,903,304
Total Exchange-Traded Funds (Cost $7,662,851)				8,121,353
	Principal Amount		Value
Repurchase Agreements — 0.1%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $394,309, due 4/1/2024(6)	$	394,239		394,239
Total Repurchase Agreements (Cost $394,239)				394,239
Total Investments — 100.0% (Cost $417,566,675)				416,797,485
Assets in excess of other liabilities — 0.0%				189,218
Total Net Assets — 100.0%			$	416,986,703

(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 March 31, 2024, the aggregate market value of these securities amounted to $96,276,667, representing 23.1% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s 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 March 31, 2024.

(3) Variable coupon rate based on weighted average interest rate of underlying mortgages.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

(4) Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

(5) Interest rate shown reflects the discount rate at time of purchase.

(6) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bill		0.00	%		6/18/2024	$	407,000	$	402,190

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount		Notional Value		Unrealized Appreciation/ (Depreciation)
U.S. 2-Year Treasury Note		June 2024		245		Long	$	50,239,893	$	50,098,672	$	(141,221	)
U.S. 5-Year Treasury Note		June 2024		328		Long		35,031,577		35,101,125		69,548
U.S. Long Bond		June 2024		15		Long		1,799,300		1,806,563		7,263
U.S. Ultra Bond		June 2024		30		Long		3,858,820		3,870,000		11,180
Total							$	90,929,590	$	90,876,360	$	(53,230	)

Legend:

CLO – Collateralized Loan Obligation

CMT – Constant Maturity Treasury

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

STACR – Structured Agency Credit Risk

USD – United States Dollar

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN CORE FIXED INCOME VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	62,161,984	$	—	$	62,161,984
Asset-Backed Securities		—			83,943,110		—		83,943,110
Corporate Bonds & Notes		—			109,466,222		—		109,466,222
Non-Agency Mortgage-Backed Securities		—			36,047,586		—		36,047,586
Senior Secured Loans		—			13,078,249		—		13,078,249
U.S. Government Agencies		—			5,896,481		—		5,896,481
U.S. Government Securities		—			96,388,453		—		96,388,453
Commercial Paper		—			1,299,808		—		1,299,808
Exchange-Traded Funds		8,121,353			—		—		8,121,353
Repurchase Agreements		—			394,239		—		394,239
Total	$	8,121,353		$	408,676,132	$	—	$	416,797,485
Other Financial Instruments
Futures Contracts
Assets	$	87,991		$	—	$	—	$	87,991
Liabilities		(141,221	)		—		—		(141,221	)
Total	$	(53,230	)	$	—	$	—	$	(53,230	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN EQUITY INCOME VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.5%
Aerospace & Defense — 2.9%
General Dynamics Corp.		8,153	$	2,303,141
L3Harris Technologies, Inc.		8,359		1,781,303
				4,084,444
Air Freight & Logistics — 1.6%
United Parcel Service, Inc., Class B		14,890		2,213,101
				2,213,101
Banks — 7.8%
JPMorgan Chase & Co.		24,472		4,901,742
M&T Bank Corp.		14,305		2,080,519
Regions Financial Corp.		102,652		2,159,798
Royal Bank of Canada (Canada)		17,980		1,813,464
				10,955,523
Beverages — 2.8%
Keurig Dr Pepper, Inc.		60,478		1,854,860
Pernod Ricard SA (France)		12,784		2,067,036
				3,921,896
Biotechnology — 1.7%
Gilead Sciences, Inc.		32,456		2,377,402
				2,377,402
Building Products — 1.1%
Johnson Controls International PLC		24,766		1,617,715
				1,617,715
Capital Markets — 7.3%
Ares Management Corp., Class A		14,771		1,964,247
Goldman Sachs Group, Inc.		4,013		1,676,190
Intercontinental Exchange, Inc.		13,226		1,817,649
Morgan Stanley		20,287		1,910,224
Nasdaq, Inc.		9,290		586,199
Raymond James Financial, Inc.		17,935		2,303,213
				10,257,722
Chemicals — 2.0%
Celanese Corp.		8,311		1,428,329
PPG Industries, Inc.		9,788		1,418,281
				2,846,610
Communications Equipment — 2.1%
Cisco Systems, Inc.		59,206		2,954,971
				2,954,971
Distributors — 1.4%
LKQ Corp.		35,783		1,911,170
				1,911,170
Electric Utilities — 3.8%
American Electric Power Co., Inc.		19,798		1,704,608
Exelon Corp.		60,505		2,273,173
PPL Corp.		51,154		1,408,269
				5,386,050
Electrical Equipment — 1.6%
Emerson Electric Co.		19,403		2,200,688
				2,200,688
Electronic Equipment, Instruments & Components — 2.4%
Corning, Inc.		48,824		1,609,239
TE Connectivity Ltd.		11,881		1,725,596
				3,334,835

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN EQUITY INCOME VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Financial Services — 0.5%
Equitable Holdings, Inc.		19,529	$	742,297
				742,297
Food Products — 1.1%
Archer-Daniels-Midland Co.		24,201		1,520,065
				1,520,065
Gas Utilities — 1.5%
Atmos Energy Corp.		18,109		2,152,617
				2,152,617
Ground Transportation — 1.0%
Canadian National Railway Co. (Canada)		10,445		1,375,420
				1,375,420
Health Care Equipment & Supplies — 1.0%
Becton Dickinson & Co.		5,602		1,386,215
				1,386,215
Health Care Providers & Services — 3.3%
Elevance Health, Inc.		3,649		1,892,152
UnitedHealth Group, Inc.		5,597		2,768,836
				4,660,988
Hotel & Resort REITs — 1.0%
Host Hotels & Resorts, Inc.		65,888		1,362,564
				1,362,564
Hotels, Restaurants & Leisure — 0.9%
Booking Holdings, Inc.		354		1,284,269
				1,284,269
Household Durables — 1.0%
Lennar Corp., Class A		8,555		1,471,289
				1,471,289
Industrial Conglomerates — 1.8%
Honeywell International, Inc.		5,098		1,046,364
Siemens AG, ADR		3,435		327,802
Siemens AG, Reg S (Germany)		5,701		1,088,350
				2,462,516
Insurance — 4.0%
Allstate Corp.		5,292		915,569
American International Group, Inc.		25,255		1,974,183
MetLife, Inc.		36,358		2,694,492
				5,584,244
IT Services — 0.9%
Amdocs Ltd.		14,718		1,330,066
				1,330,066
Media — 0.6%
Omnicom Group, Inc.		8,863		857,584
				857,584
Metals & Mining — 2.9%
Barrick Gold Corp.		91,538		1,523,192
Rio Tinto PLC, ADR		39,086		2,491,342
				4,014,534

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN EQUITY INCOME VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Multi-Utilities — 2.6%
Dominion Energy, Inc.		32,713	$	1,609,152
Sempra		27,731		1,991,918
				3,601,070
Oil, Gas & Consumable Fuels — 9.6%
ConocoPhillips		28,623		3,643,136
Coterra Energy, Inc.		67,963		1,894,808
EOG Resources, Inc.		27,139		3,469,450
EQT Corp.		40,442		1,499,185
Phillips 66		11,306		1,846,722
Targa Resources Corp.		10,582		1,185,078
				13,538,379
Personal Care Products — 3.2%
Kenvue, Inc.		98,791		2,120,055
Unilever PLC, ADR		48,728		2,445,658
				4,565,713
Pharmaceuticals — 11.4%
AstraZeneca PLC, ADR		26,293		1,781,351
Johnson & Johnson		21,660		3,426,395
Merck & Co., Inc.		38,980		5,143,411
Pfizer, Inc.		145,980		4,050,945
Roche Holding AG (Switzerland)		6,098		1,556,678
				15,958,780
Semiconductors & Semiconductor Equipment — 3.1%
Broadcom, Inc.		784		1,039,122
NXP Semiconductors NV		8,183		2,027,502
QUALCOMM, Inc.		7,704		1,304,287
				4,370,911
Specialized REITs — 4.7%
Crown Castle, Inc.		21,434		2,268,360
Gaming & Leisure Properties, Inc.		48,943		2,254,804
Weyerhaeuser Co.		57,638		2,069,781
				6,592,945
Specialty Retail — 1.0%
Tractor Supply Co.		5,239		1,371,151
				1,371,151
Tobacco — 2.1%
Philip Morris International, Inc.		32,234		2,953,279
				2,953,279
Wireless Telecommunication Services — 0.8%
T-Mobile U.S., Inc.		6,596		1,076,599
				1,076,599
Total Common Stocks (Cost $127,748,234)				138,295,622

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN EQUITY INCOME VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 1.3%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $1,918,883, due 4/1/2024(1)	$	1,918,542	$	1,918,542
Total Repurchase Agreements (Cost $1,918,542)				1,918,542
Total Investments — 99.8% (Cost $129,666,776)				140,214,164
Assets in excess of other liabilities — 0.2%				211,933
Total Net Assets — 100.0%			$	140,426,097

(1) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	1,980,700	$	1,956,989

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN EQUITY INCOME VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	133,583,558	$	4,712,064	*	$	—	$	138,295,622
Repurchase Agreements		—		1,918,542			—		1,918,542
Total	$	133,583,558	$	6,630,606		$	—	$	140,214,164

^*  Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.8%
Aerospace & Defense — 1.8%
HEICO Corp., Class A		14,216	$	2,188,411
Howmet Aerospace, Inc.		21,680		1,483,562
Spirit AeroSystems Holdings, Inc., Class A(1)		10,480		378,014
				4,049,987
Automobile Components — 1.2%
Adient PLC(1)		27,493		905,070
Autoliv, Inc.		14,835		1,786,579
				2,691,649
Automobiles — 0.5%
Harley-Davidson, Inc.		27,471		1,201,582
				1,201,582
Banks — 4.9%
Associated Banc-Corp		55,701		1,198,129
Axos Financial, Inc.(1)		4,760		257,230
Bancorp, Inc.(1)		103,228		3,454,009
East West Bancorp, Inc.		32,844		2,598,289
Pathward Financial, Inc.		18,622		940,039
Piraeus Financial Holdings SA (Greece)(1)		102,915		430,108
Popular, Inc.		25,621		2,256,954
				11,134,758
Beverages — 0.7%
Celsius Holdings, Inc.(1)		11,722		971,988
Coca-Cola Consolidated, Inc.		665		562,863
				1,534,851
Biotechnology — 0.3%
United Therapeutics Corp.(1)		2,750		631,730
				631,730
Building Products — 2.9%
Carlisle Cos., Inc.		8,206		3,215,521
Fortune Brands Innovations, Inc.		11,580		980,479
Owens Corning		5,740		957,432
Simpson Manufacturing Co., Inc.		2,490		510,898
Trex Co., Inc.(1)		10,120		1,009,470
				6,673,800
Capital Markets — 1.9%
AllianceBernstein Holding LP		36,754		1,276,834
Blue Owl Capital, Inc.		33,780		637,091
Interactive Brokers Group, Inc., Class A		19,037		2,126,623
Patria Investments Ltd., Class A		20,443		303,374
				4,343,922
Chemicals — 2.2%
Celanese Corp.		5,477		941,277
OCI NV (Netherlands)		30,451		833,397
RPM International, Inc.		15,114		1,797,810
Westlake Corp.		9,763		1,491,787
				5,064,271
Commercial Services & Supplies — 0.9%
Brink’s Co.		21,866		2,019,981
				2,019,981
Communications Equipment — 0.5%
Ciena Corp.(1)		4,600		227,470
Lumentum Holdings, Inc.(1)		21,300		1,008,555
				1,236,025

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Construction & Engineering — 1.2%
EMCOR Group, Inc.		1,310	$	458,762
WillScot Mobile Mini Holdings Corp.(1)		47,335		2,201,077
				2,659,839
Construction Materials — 1.1%
Eagle Materials, Inc.		9,302		2,527,819
				2,527,819
Consumer Finance — 0.8%
NerdWallet, Inc., Class A(1)		57,356		843,133
OneMain Holdings, Inc.		20,164		1,030,179
				1,873,312
Consumer Staples Distribution & Retail — 3.1%
BJ’s Wholesale Club Holdings, Inc.(1)		28,589		2,162,758
Casey’s General Stores, Inc.		3,107		989,424
Grocery Outlet Holding Corp.(1)		10,056		289,412
Performance Food Group Co.(1)		25,550		1,907,052
Sprouts Farmers Market, Inc.(1)		7,951		512,680
U.S. Foods Holding Corp.(1)		20,645		1,114,211
				6,975,537
Containers & Packaging — 0.8%
AptarGroup, Inc.		11,874		1,708,550
				1,708,550
Diversified Consumer Services — 1.0%
Service Corp. International		30,526		2,265,334
				2,265,334
Diversified Telecommunication Services — 0.3%
Frontier Communications Parent, Inc.(1)		19,377		474,736
Iridium Communications, Inc.		9,174		239,992
				714,728
Electric Utilities — 0.6%
ALLETE, Inc.		9,348		557,515
Pinnacle West Capital Corp.		4,196		313,567
Portland General Electric Co.		13,421		563,682
				1,434,764
Electrical Equipment — 1.7%
Acuity Brands, Inc.		1,920		515,962
nVent Electric PLC		21,760		1,640,704
Regal Rexnord Corp.		9,192		1,655,479
				3,812,145
Electronic Equipment, Instruments & Components — 1.3%
Avnet, Inc.		14,811		734,329
Cognex Corp.		14,449		612,927
Coherent Corp.(1)		9,600		581,952
Jabil, Inc.		4,800		642,960
Trimble, Inc.(1)		2,983		191,986
TTM Technologies, Inc.(1)		9,145		143,119
				2,907,273
Energy Equipment & Services — 1.7%
ChampionX Corp.		45,977		1,650,115
Liberty Energy, Inc.		52,745		1,092,876
Weatherford International PLC(1)		10,092		1,164,819
				3,907,810

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Entertainment — 0.3%
Liberty Media Corp.-Liberty Formula One, Class C(1)		2,422	$	158,883
TKO Group Holdings, Inc.		6,390		552,160
				711,043
Financial Services — 3.8%
AvidXchange Holdings, Inc.(1)		45,244		594,959
Cannae Holdings, Inc.(1)		17,112		380,571
Essent Group Ltd.		32,605		1,940,324
Flywire Corp.(1)		39,882		989,472
Nuvei Corp. (Canada)(2)		25,664		811,290
Repay Holdings Corp.(1)		45,304		498,344
Shift4 Payments, Inc., Class A(1)		3,922		259,127
UWM Holdings Corp.		94,743		687,834
Voya Financial, Inc.		13,781		1,018,691
WEX, Inc.(1)		5,621		1,335,156
				8,515,768
Food Products — 1.0%
Darling Ingredients, Inc.(1)		15,846		736,998
Lamb Weston Holdings, Inc.		3,608		384,360
Lancaster Colony Corp.		2,112		438,515
Post Holdings, Inc.(1)		4,036		428,946
TreeHouse Foods, Inc.(1)		6,432		250,526
				2,239,345
Gas Utilities — 0.9%
National Fuel Gas Co.		8,342		448,132
Southwest Gas Holdings, Inc.		13,534		1,030,343
UGI Corp.		24,316		596,715
				2,075,190
Ground Transportation — 2.7%
Landstar System, Inc.		12,308		2,372,490
RXO, Inc.(1)		26,001		568,642
XPO, Inc.(1)		25,911		3,161,919
				6,103,051
Health Care Equipment & Supplies — 2.6%
Glaukos Corp.(1)		8,400		792,036
Inspire Medical Systems, Inc.(1)		4,000		859,160
Masimo Corp.(1)		11,500		1,688,775
Penumbra, Inc.(1)		7,920		1,767,586
Tandem Diabetes Care, Inc.(1)		19,200		679,872
				5,787,429
Health Care Providers & Services — 2.8%
Acadia Healthcare Co., Inc.(1)		14,700		1,164,534
agilon health, Inc.(1)		76,500		466,650
Alignment Healthcare, Inc.(1)		82,700		410,192
BrightSpring Health Services, Inc.(1)		38,900		422,843
Chemed Corp.		2,650		1,701,115
Molina Healthcare, Inc.(1)		2,080		854,526
Privia Health Group, Inc.(1)		32,400		634,716
Surgery Partners, Inc.(1)		26,200		781,546
				6,436,122

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Health Care REITs — 0.6%
Ventas, Inc.		32,943	$	1,434,338
				1,434,338
Health Care Technology — 0.3%
Evolent Health, Inc., Class A(1)		20,200		662,358
				662,358
Hotel & Resort REITs — 0.1%
Ryman Hospitality Properties, Inc.		1,690		195,381
				195,381
Hotels, Restaurants & Leisure — 3.2%
Aramark		47,413		1,541,871
Brinker International, Inc.(1)		13,746		682,901
Caesars Entertainment, Inc.(1)		22,604		988,699
Churchill Downs, Inc.		15,366		1,901,543
Domino’s Pizza, Inc.		1,599		794,511
Red Rock Resorts, Inc., Class A		4,276		255,790
Wyndham Hotels & Resorts, Inc.		14,488		1,111,954
				7,277,269
Household Durables — 1.5%
PulteGroup, Inc.		12,802		1,544,177
Taylor Morrison Home Corp.(1)		31,374		1,950,522
				3,494,699
Independent Power and Renewable Electricity Producers — 1.5%
Ormat Technologies, Inc.		6,423		425,138
Talen Energy Corp.(1)		5,098		480,996
Vistra Corp.		34,281		2,387,672
				3,293,806
Industrial REITs — 1.5%
Americold Realty Trust, Inc.		19,230		479,212
EastGroup Properties, Inc.		9,180		1,650,288
Terreno Realty Corp.		20,520		1,362,528
				3,492,028
Insurance — 3.9%
American Financial Group, Inc.		13,718		1,872,233
BRP Group, Inc., Class A(1)		60,735		1,757,671
Fairfax Financial Holdings Ltd. (Canada)		846		911,922
Primerica, Inc.		7,863		1,989,024
Reinsurance Group of America, Inc.		3,877		747,796
Unum Group		30,426		1,632,659
				8,911,305
Interactive Media & Services — 0.3%
Ziff Davis, Inc.(1)		2,752		173,486
ZoomInfo Technologies, Inc.(1)		29,758		477,021
				650,507
IT Services — 1.6%
Akamai Technologies, Inc.(1)		1,689		183,695
EPAM Systems, Inc.(1)		3,100		856,096
GoDaddy, Inc., Class A(1)		4,832		573,462
Okta, Inc.(1)		9,000		941,580
Twilio, Inc., Class A(1)		16,500		1,008,975
Wix.com Ltd.(1)		1,075		147,791
				3,711,599

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Life Sciences Tools & Services — 1.5%
10X Genomics, Inc., Class A(1)		17,600	$	660,528
Bruker Corp.		16,650		1,564,101
Repligen Corp.(1)		6,300		1,158,696
				3,383,325
Machinery — 5.4%
Allison Transmission Holdings, Inc.		10,936		887,566
Chart Industries, Inc.(1)		5,960		981,731
Crane Co.		13,400		1,810,742
Dover Corp.		6,080		1,077,315
Esab Corp.		23,180		2,563,012
Flowserve Corp.		44,235		2,020,655
IDEX Corp.		1,749		426,791
ITT, Inc.		17,721		2,410,588
				12,178,400
Marine Transportation — 0.8%
Kirby Corp.(1)		20,042		1,910,403
				1,910,403
Media — 0.5%
New York Times Co., Class A		12,513		540,812
Nexstar Media Group, Inc.		3,535		609,045
				1,149,857
Metals & Mining — 2.3%
Cleveland-Cliffs, Inc.(1)		58,507		1,330,449
Lundin Mining Corp. (Canada)		119,415		1,221,876
Reliance, Inc.		8,017		2,679,121
				5,231,446
Multi-Utilities — 0.0%
Northwestern Energy Group, Inc.		1,526		77,719
				77,719
Office REITs — 0.7%
Douglas Emmett, Inc.		19,720		273,516
Postal Realty Trust, Inc., Class A		86,568		1,239,654
				1,513,170
Oil, Gas & Consumable Fuels — 3.6%
Chesapeake Energy Corp.		17,118		1,520,592
Chord Energy Corp.		8,801		1,568,690
HF Sinclair Corp.		24,946		1,505,990
Northern Oil & Gas, Inc.		26,331		1,044,814
Permian Resources Corp.		80,930		1,429,224
Targa Resources Corp.		9,535		1,067,825
				8,137,135
Paper & Forest Products — 0.8%
Louisiana-Pacific Corp.		21,594		1,811,953
				1,811,953
Personal Care Products — 0.4%
BellRing Brands, Inc.(1)		6,987		412,442
e.l.f. Beauty, Inc.(1)		2,896		567,703
				980,145
Professional Services — 2.4%
CACI International, Inc., Class A(1)		6,770		2,564,679
Dayforce, Inc.(1)		4,146		274,507
KBR, Inc.		40,440		2,574,410
				5,413,596

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Real Estate Management & Development — 0.5%
Jones Lang LaSalle, Inc.(1)		6,250	$	1,219,313
				1,219,313
Residential REITs — 1.0%
Equity LifeStyle Properties, Inc.		27,767		1,788,195
Essex Property Trust, Inc.		2,300		563,063
				2,351,258
Retail REITs — 1.1%
NETSTREIT Corp.		53,140		976,182
SITE Centers Corp.		76,004		1,113,458
Tanger, Inc.		11,730		346,387
				2,436,027
Semiconductors & Semiconductor Equipment — 1.7%
Cirrus Logic, Inc.(1)		14,200		1,314,352
Lattice Semiconductor Corp.(1)		21,500		1,681,945
SolarEdge Technologies, Inc.(1)		11,820		838,984
				3,835,281
Software — 4.2%
BILL Holdings, Inc.(1)		13,900		955,208
Blackbaud, Inc.(1)		9,837		729,315
BlackLine, Inc.(1)		14,722		950,747
Dynatrace, Inc.(1)		20,100		933,444
Elastic NV(1)		9,528		955,087
Five9, Inc.(1)		14,000		869,540
Gen Digital, Inc.		43,403		972,227
Pagaya Technologies Ltd., Class A(1)		26,519		267,842
PTC, Inc.(1)		4,426		836,248
Tenable Holdings, Inc.(1)		20,173		997,151
Workiva, Inc.(1)		11,721		993,941
				9,460,750
Specialized REITs — 1.6%
CubeSmart		28,959		1,309,526
Four Corners Property Trust, Inc.		47,750		1,168,442
Lamar Advertising Co., Class A		8,770		1,047,226
				3,525,194
Specialty Retail — 5.1%
Aritzia, Inc. (Canada)(1)		40,807		1,126,708
Burlington Stores, Inc.(1)		7,880		1,829,657
Dick’s Sporting Goods, Inc.		1,200		269,832
Five Below, Inc.(1)		9,075		1,646,024
Floor & Decor Holdings, Inc., Class A(1)		11,463		1,485,834
JD Sports Fashion PLC (United Kingdom)		459,461		779,000
Valvoline, Inc.(1)		45,136		2,011,712
Williams-Sonoma, Inc.		7,829		2,485,942
				11,634,709
Textiles, Apparel & Luxury Goods — 2.4%
Crocs, Inc.(1)		7,938		1,141,484
PVH Corp.		18,565		2,610,425
Tapestry, Inc.		37,031		1,758,232
				5,510,141

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Trading Companies & Distributors — 2.4%
Air Lease Corp.		29,330	$	1,508,735
Watsco, Inc.		3,600		1,555,092
WESCO International, Inc.		14,049		2,406,313
				5,470,140
Water Utilities — 0.4%
Essential Utilities, Inc.		23,628		875,417
				875,417
Total Common Stocks (Cost $184,927,065)				224,466,284
	Principal Amount		Value
U.S. Treasury Bills — 0.1%
U.S. Treasury Bills
5.383% due 6/20/2024(3)	$	130,000		128,495
Total U.S. Treasury Bills (Cost $128,490)				128,495
Repurchase Agreements — 1.5%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $3,394,563, due 4/1/2024(4)		3,393,960		3,393,960
Total Repurchase Agreements (Cost $3,393,960)				3,393,960
Total Investments — 100.4% (Cost $188,449,515)				227,988,739
Liabilities in excess of other assets — (0.4)%				(896,059	)
Total Net Assets — 100.0%			$	227,092,680

(1) Non–income–producing 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 March 31, 2024, the aggregate market value of the security amounted to $811,290, representing 0.4% of net assets. This security has been deemed liquid by the investment adviser pursuant to the Fund’s liquidity procedures approved by the Board of Trustees.

(3) Interest rate shown reflects the discount rate at time of purchase.

(4) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	3,503,800	$	3,461,855

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount		Notional Value		Unrealized Appreciation
S&P Midcap 400 E-Mini		June 2024		3		Long	$	912,966	$	923,220	$	10,254

Legend:

REITs – Real Estate Investment Trusts

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SELECT MID CAP CORE VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	222,423,779	$	2,042,505	*	$	—	$	224,466,284
U.S. Treasury Bills		—		128,495			—		128,495
Repurchase Agreements		—		3,393,960			—		3,393,960
Total	$	222,423,779	$	5,564,960		$	—	$	227,988,739
Other Financial Instruments
Futures Contracts
Assets	$	10,254	$	—		$	—	$	10,254
Total	$	10,254	$	—		$	—	$	10,254

^*  Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Agency Mortgage-Backed Securities — 6.0%
Federal Home Loan Mortgage Corp.
3.50% due 6/1/2052	$	1,088,624	$	976,179
4.00% due 6/1/2052		1,258,949		1,166,785
5.50% due 6/1/2053		392,114		390,128
Federal National Mortgage Association
3.00% due 7/1/2051		1,466,191		1,263,024
3.00% due 5/1/2052		457,676		395,437
3.50% due 4/1/2052		2,781,835		2,496,769
3.50% due 10/1/2052		1,596,489		1,430,843
4.00% due 6/1/2052		1,837,797		1,703,257
5.00% due 2/1/2053		251,439		245,443
6.00% due 9/1/2053		242,009		244,240
Total Agency Mortgage-Backed Securities (Cost $10,995,235)				10,312,105
Asset-Backed Securities — 23.9%
Aligned Data Centers Issuer LLC
Series 2021-1A, Class A2
1.937% due 8/15/2046(1)		900,000		819,170
Allegro CLO VI Ltd.
Series 2017-2A, Class B
7.078% (3 mo. USD Term SOFR + 1.76%) due 1/17/2031(1)(2)		1,000,000		997,400
American Express Credit Account Master Trust
Series 2022-3, Class A
3.75% due 8/15/2027		2,000,000		1,961,458
AmeriCredit Automobile Receivables Trust
Series 2020-3, Class C
1.06% due 8/18/2026		1,125,000		1,094,926
Anchorage Capital CLO 17 Ltd.
Series 2021-17A, Class A1
6.746% (3 mo. USD Term SOFR + 1.43%) due 7/15/2034(1)(2)		1,000,000		999,200
Anchorage Capital CLO 21 Ltd.
Series 2021-21A, Class B
7.329% (3 mo. USD Term SOFR + 2.01%) due 10/20/2034(1)(2)		1,000,000		997,500
Anchorage Capital CLO 7 Ltd.
Series 2015-7A, Class BR2
7.331% (3 mo. USD Term SOFR + 2.01%) due 1/28/2031(1)(2)		1,000,000		997,800
Apidos CLO XXII Ltd.
Series 2015-22A, Class A2R
7.079% (3 mo. USD Term SOFR + 1.76%) due 4/20/2031(1)(2)		1,000,000		1,002,356
Ares XXVII CLO Ltd.
Series 2013-2A, Class BR2
7.231% (3 mo. USD Term SOFR + 1.91%) due 10/28/2034(1)(2)		1,000,000		998,011
Ares XXVIIIR CLO Ltd.
Series 2018-28RA, Class A2
6.978% (3 mo. USD Term SOFR + 1.66%) due 10/17/2030(1)(2)		1,100,000		1,096,733

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Avis Budget Rental Car Funding AESOP LLC
Series 2021-2A, Class A
1.66% due 2/20/2028(1)	$	1,100,000	$	1,002,360
Barings CLO Ltd.
Series 2020-1A, Class AR
6.726% (3 mo. USD Term SOFR + 1.41%) due 10/15/2036(1)(2)		1,200,000		1,198,895
Benefit Street Partners CLO XVI Ltd.
Series 2018-16A, Class BR
7.128% (3 mo. USD Term SOFR + 1.81%) due 1/17/2032(1)(2)		1,200,000		1,197,000
Canyon Capital CLO Ltd.
Series 2022-1A, Class B
7.167% (3 mo. USD Term SOFR + 1.85%) due 4/15/2035(1)(2)		1,200,000		1,196,240
CarMax Auto Owner Trust
Series 2020-4, Class B
0.85% due 6/15/2026		850,000		820,723
Cathedral Lake VI Ltd.
Series 2021-6A, Class AN
6.836% (3 mo. USD Term SOFR + 1.51%) due 4/25/2034(1)(2)		1,200,000		1,200,078
CIFC Funding Ltd.
Series 2013-4A, Class BRR
7.181% (3 mo. USD Term SOFR + 1.86%) due 4/27/2031(1)(2)		1,000,000		997,600
Domino’s Pizza Master Issuer LLC
Series 2017-1A, Class A23
4.118% due 7/25/2047(1)		705,000		675,074
Dryden 53 CLO Ltd.
Series 2017-53A, Class B
6.976% (3 mo. USD Term SOFR + 1.66%) due 1/15/2031(1)(2)		1,100,000		1,095,050
Dryden Senior Loan Fund
Series 2017-47A, Class CR
7.626% (3 mo. USD Term SOFR + 2.31%) due 4/15/2028(1)(2)		1,000,000		997,800
Ford Credit Floorplan Master Owner Trust
Series 2020-2, Class A
1.06% due 9/15/2027		1,100,000		1,034,038
ICG U.S. CLO Ltd.
Series 2022-1A, Class A1
6.858% (3 mo. USD Term SOFR + 1.54%) due 7/20/2035(1)(2)		700,000		699,160
Jamestown CLO XI Ltd.
Series 2018-11A, Class A2
7.276% (3 mo. USD Term SOFR + 1.96%) due 7/14/2031(1)(2)		1,200,000		1,197,120
KKR CLO 38 Ltd.
Series 38A, Class A1
6.634% (3 mo. USD Term SOFR + 1.32%) due 4/15/2033(1)(2)		1,225,000		1,219,906

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Madison Park Funding XXIII Ltd.
Series 2017-23A, Class BR
7.131% (3 mo. USD Term SOFR + 1.81%) due 7/27/2031(1)(2)	$	1,050,000	$	1,047,480
Midocean Credit CLO VIII
Series 2018-8A, Class A2
6.881% (3 mo. USD Term SOFR + 1.56%) due 2/20/2031(1)(2)		1,500,000		1,498,950
Neuberger Berman Loan Advisers CLO 26 Ltd.
Series 2017-26A, Class BR
6.96% (3 mo. USD Term SOFR + 1.66%) due 10/18/2030(1)(2)		1,000,000		994,500
Neuberger Berman Loan Advisers CLO 40 Ltd.
Series 2021-40A, Class A
6.636% (3 mo. USD Term SOFR + 1.32%) due 4/16/2033(1)(2)		1,200,000		1,199,160
NextGear Floorplan Master Owner Trust
Series 2024-1A, Class A2
5.12% due 3/15/2029(1)		1,000,000		997,858
Nissan Auto Lease Trust
Series 2023-A, Class A4
4.80% due 7/15/2027		700,000		695,563
Octagon Investment Partners 36 Ltd.
Series 2018-1A, Class B
6.966% (3 mo. USD Term SOFR + 1.65%) due 4/15/2031(1)(2)		1,209,375		1,204,175
OHA Credit Partners XIV Ltd.
Series 2017-14A, Class B
7.079% (3 mo. USD Term SOFR + 1.76%) due 1/21/2030(1)(2)		1,000,000		997,400
Oscar U.S. Funding XV LLC
Series 2023-1A, Class A3
5.81% due 12/10/2027(1)		600,000		603,143
RRX 6 Ltd.
Series 2021-6A, Class A1
6.766% (3 mo. USD Term SOFR + 1.45%) due 1/15/2037(1)(2)		1,000,000		998,400
Santander Drive Auto Receivables Trust
Series 2022-3, Class A3
3.40% due 12/15/2026		356,272		354,631
TIAA CLO IV Ltd.
Series 2018-1A, Class A2
7.279% (3 mo. USD Term SOFR + 1.96%) due 1/20/2032(1)(2)		1,170,000		1,167,075
Toyota Auto Loan Extended Note Trust
Series 2021-1A, Class A
1.07% due 2/27/2034(1)		1,735,000		1,607,892

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Asset-Backed Securities — (continued)
Voya CLO Ltd.
Series 2015-3A, Class A3R
7.279% (3 mo. USD Term SOFR + 1.96%) due 10/20/2031(1)(2)	$	1,000,000	$	1,001,396
World Omni Auto Receivables Trust
Series 2021-B, Class A4
0.69% due 6/15/2027		1,200,000		1,138,170
Total Asset-Backed Securities (Cost $40,895,545)				41,001,391
Corporate Bonds & Notes — 24.4%
Aerospace & Defense — 1.0%
Boeing Co.
2.196% due 2/4/2026		200,000		187,276
4.875% due 5/1/2025		1,000,000		988,980
RTX Corp.
5.75% due 11/8/2026		500,000		507,975
				1,684,231
Agriculture — 0.2%
Reynolds American, Inc.
4.45% due 6/12/2025		400,000		394,736
				394,736
Building Materials — 0.3%
Carrier Global Corp.
5.80% due 11/30/2025		500,000		503,370
				503,370
Chemicals — 0.3%
LYB International Finance III LLC
1.25% due 10/1/2025		600,000		563,664
				563,664
Commercial Banks — 9.0%
ABN AMRO Bank NV
6.339% (6.339% fixed rate until 9/18/2026; 1 yr. CMT rate + 1.65% thereafter) due 9/18/2027(1)(2)		500,000		508,520
Banco Santander SA
2.746% due 5/28/2025		1,000,000		966,510
Bank of America Corp.
3.384% (3.384% fixed rate until 4/2/2025; SOFR + 1.33% thereafter) due 4/2/2026(2)		500,000		489,090
3.419% (3.419% fixed rate until 12/20/2027; 3 mo. USD Term SOFR + 1.30% thereafter) due 12/20/2028(2)		500,000		468,800
3.559% (3.559% fixed rate until 4/23/2026; 3 mo. USD Term SOFR + 1.32% thereafter) due 4/23/2027(2)		1,000,000		965,000
5.08% (5.08% fixed rate until 1/20/2026; SOFR + 1.29% thereafter) due 1/20/2027(2)		500,000		497,730

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Barclays PLC
2.852% (2.852% fixed rate until 5/7/2025; SOFR + 2.71% thereafter) due 5/7/2026(2)	$	1,000,000	$	969,480
7.325% (7.325% fixed rate until 11/2/2025; 1 yr. CMT rate + 3.05% thereafter) due 11/2/2026(2)		200,000		204,846
BNP Paribas SA
2.219% (2.219% fixed rate until 6/9/2025; SOFR + 2.07% thereafter) due 6/9/2026(1)(2)		1,100,000		1,057,782
2.591% (2.591% fixed rate until 1/20/2027; SOFR + 1.23% thereafter) due 1/20/2028(1)(2)		700,000		648,718
Danske Bank AS
1.621% (1.621% fixed rate until 9/11/2025; 1 yr. CMT rate + 1.35% thereafter) due 9/11/2026(1)(2)		200,000		188,350
4.298% (4.298% fixed rate until 4/1/2027; 1 yr. CMT rate + 1.75% thereafter) due 4/1/2028(1)(2)		300,000		289,683
Deutsche Bank AG
2.129% (2.129% fixed rate until 11/24/2025; SOFR + 1.87% thereafter) due 11/24/2026(2)		150,000		141,512
JPMorgan Chase & Co.
1.47% (1.47% fixed rate until 9/22/2026; SOFR + 0.77% thereafter) due 9/22/2027(2)		1,000,000		911,910
2.005% (2.005% fixed rate until 3/13/2025; 3 mo. USD Term SOFR + 1.59% thereafter) due 3/13/2026(2)		200,000		193,382
Mitsubishi UFJ Financial Group, Inc.
1.412% due 7/17/2025		550,000		523,138
5.354% (5.354% fixed rate until 9/13/2027; 1 yr. CMT rate + 1.90% thereafter) due 9/13/2028(2)		300,000		301,563
5.719% (5.719% fixed rate until 2/20/2025; 1 yr. CMT rate + 1.08% thereafter) due 2/20/2026(2)		200,000		200,192
Morgan Stanley Bank NA
4.952% (4.952% fixed rate until 1/14/2027; SOFR + 1.08% thereafter) due 1/14/2028(2)		1,000,000		995,860
NatWest Group PLC
5.847% (5.847% fixed rate until 3/2/2026; 1 yr. CMT rate + 1.35% thereafter) due 3/2/2027(2)		250,000		251,212
7.472% (7.472% fixed rate until 11/10/2025; 1 yr. CMT rate + 2.85% thereafter) due 11/10/2026(2)		300,000		308,313

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Commercial Banks — (continued)
Sumitomo Mitsui Trust Bank Ltd.
5.20% due 3/7/2027(1)	$	300,000	$	300,414
Toronto-Dominion Bank
4.994% due 4/5/2029		1,000,000		1,000,660
Truist Bank
3.625% due 9/16/2025		250,000		243,375
Truist Financial Corp.
4.00% due 5/1/2025		1,000,000		983,880
4.26% (4.26% fixed rate until 7/28/2025; SOFR + 1.46% thereafter) due 7/28/2026(2)		1,000,000		983,550
U.S. Bancorp
4.548% (4.548% fixed rate until 7/22/2027; SOFR + 1.66% thereafter) due 7/22/2028(2)		900,000		882,261
				15,475,731
Commercial Services — 0.6%
Global Payments, Inc.
2.65% due 2/15/2025		1,100,000		1,071,532
				1,071,532
Diversified Financial Services — 2.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
1.65% due 10/29/2024		1,200,000		1,170,816
4.45% due 4/3/2026		500,000		492,385
6.50% due 7/15/2025		800,000		808,224
Air Lease Corp.
2.875% due 1/15/2026		200,000		191,400
American Express Co.
5.098% (5.098% fixed rate until 2/16/2027; SOFR + 1.00% thereafter) due 2/16/2028(2)		600,000		598,980
Charles Schwab Corp.
1.15% due 5/13/2026		200,000		184,474
Synchrony Financial
4.50% due 7/23/2025		1,000,000		980,010
				4,426,289
Electric — 0.8%
DTE Energy Co.
Series F
1.05% due 6/1/2025		1,100,000		1,044,736
Pacific Gas & Electric Co.
3.45% due 7/1/2025		300,000		291,939
				1,336,675
Food — 0.1%
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
2.50% due 1/15/2027		250,000		230,473
				230,473
Healthcare-Services — 0.7%
Elevance Health, Inc.
4.90% due 2/8/2026		200,000		198,904

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Healthcare-Services — (continued)
UnitedHealth Group, Inc.
1.15% due 5/15/2026	$	600,000	$	555,156
3.10% due 3/15/2026		400,000		386,784
				1,140,844
Insurance — 1.0%
Allstate Corp.
3.28% due 12/15/2026		600,000		572,190
Corebridge Financial, Inc.
3.50% due 4/4/2025		400,000		391,680
Progressive Corp.
2.45% due 1/15/2027		800,000		749,624
				1,713,494
Lodging — 0.1%
Marriott International, Inc.
Series R
3.125% due 6/15/2026		200,000		191,174
				191,174
Media — 0.7%
Charter Communications Operating LLC/Charter Communications Operating Capital
4.908% due 7/23/2025		1,000,000		988,410
Discovery Communications LLC
4.90% due 3/11/2026		200,000		198,094
				1,186,504
Oil & Gas — 1.1%
Diamondback Energy, Inc.
3.25% due 12/1/2026		200,000		191,686
Hess Corp.
4.30% due 4/1/2027		500,000		490,200
Occidental Petroleum Corp.
5.875% due 9/1/2025		200,000		200,766
Shell International Finance BV
2.875% due 5/10/2026		1,000,000		960,430
				1,843,082
Pharmaceuticals — 1.9%
AbbVie, Inc.
4.80% due 3/15/2027		1,000,000		1,000,970
Astrazeneca Finance LLC
4.80% due 2/26/2027		1,000,000		999,830
CVS Health Corp.
3.625% due 4/1/2027		1,100,000		1,058,607
3.875% due 7/20/2025		200,000		196,320
				3,255,727
Pipelines — 0.9%
Energy Transfer LP
2.90% due 5/15/2025		1,100,000		1,068,100
TransCanada PipeLines Ltd.
6.203% due 3/9/2026		500,000		499,210
				1,567,310
Real Estate Investment Trusts — 1.3%
American Tower Corp.
2.40% due 3/15/2025		1,200,000		1,163,832
Essex Portfolio LP
3.50% due 4/1/2025		500,000		489,835
Extra Space Storage LP
3.50% due 7/1/2026		500,000		480,300
				2,133,967

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Corporate Bonds & Notes — (continued)
Retail — 0.3%
O’Reilly Automotive, Inc.
5.75% due 11/20/2026	$	500,000	$	508,355
				508,355
Semiconductors — 0.1%
Broadcom, Inc.
3.459% due 9/15/2026		200,000		192,480
				192,480
Software — 0.3%
Fiserv, Inc.
3.85% due 6/1/2025		200,000		196,234
Oracle Corp.
2.50% due 4/1/2025		300,000		291,033
				487,267
Telecommunications — 1.1%
AT&T, Inc.
1.70% due 3/25/2026		1,500,000		1,402,545
T-Mobile USA, Inc.
3.50% due 4/15/2025		200,000		196,084
Verizon Communications, Inc.
3.376% due 2/15/2025		350,000		343,735
				1,942,364
Total Corporate Bonds & Notes (Cost $41,688,905)				41,849,269
Non-Agency Mortgage-Backed Securities — 8.6%
Benchmark Mortgage Trust
Series 2018-B3, Class AS 4.195% due 4/10/2051(2)(3)		1,150,000		1,069,941
Series 2024-V5, Class AM 6.417% due 1/10/2057(2)(3)		580,000		602,016
Series 2024-V5, Class B 6.059% due 1/10/2057(2)(3)		240,000		241,085
BMO Mortgage Trust
Series 2023-C6, Class AS
6.55% due 9/15/2056(2)(3)		635,000		682,734
BX Trust
Series 2019-OC11, Class A
3.202% due 12/9/2041(1)		800,000		712,224
Commercial Mortgage Trust
Series 2017-COR2, Class A3 3.51% due 9/10/2050		1,200,000		1,124,128
Series 2019-GC44, Class AM 3.263% due 8/15/2057		1,085,000		968,340
DBGS Mortgage Trust
Series 2018-C1, Class AM
4.627% due 10/15/2051(2)(3)		1,100,000		1,025,691
DBUBS Mortgage Trust
Series 2017-BRBK, Class A
3.452% due 10/10/2034(1)		793,000		738,809
Freddie Mac STACR REMIC Trust
Series 2021-DNA7, Class M2 7.12% due 11/25/2041(1)(2)(3)		900,000		904,552
Series 2021-HQA4, Class M1 6.27% due 12/25/2041(1)(2)(3)		497,786		493,702
Series 2022-DNA1, Class M1A 6.32% due 1/25/2042(1)(2)(3)		405,436		405,280
Series 2022-HQA3, Class M1A 7.62% due 8/25/2042(1)(2)(3)		909,531		927,501

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Non-Agency Mortgage-Backed Securities — (continued)
Hilton USA Trust
Series 2016-HHV, Class A
3.719% due 11/5/2038(1)	$	845,000	$	802,630
Jackson Park Trust
Series 2019-LIC, Class A
2.766% due 10/14/2039(1)		800,000		694,694
SLG Office Trust
Series 2021-OVA, Class A
2.585% due 7/15/2041(1)		1,300,000		1,074,256
Wells Fargo Commercial Mortgage Trust
Series 2015-NXS4, Class A4 3.718% due 12/15/2048		1,380,000		1,339,331
Series 2016-LC24, Class A4 2.942% due 10/15/2049		1,000,000		942,064
Total Non-Agency Mortgage-Backed Securities (Cost $15,013,587)				14,748,978
Senior Secured Loans — 4.0%
Advertising — 0.2%
Outfront Media Capital LLC
2019 Term Loan B
7.077% (1 mo. USD Term SOFR + 1.75%) due 11/18/2026(2)		350,000		349,233
				349,233
Airlines — 0.6%
Air Canada
2024 Term Loan B
7.833% (3 mo. USD Term SOFR + 2.50%) due 3/21/2031(2)		275,000		275,173
United Airlines, Inc.
2024 Term Loan B
8.076% (3 mo. USD Term SOFR + 2.75%) due 2/15/2031(2)		275,000		274,956
WestJet Loyalty LP
Term Loan B
9.057% (3 mo. USD Term SOFR + 3.75%) due 2/14/2031(2)		550,000		549,544
				1,099,673
Commercial Services — 0.1%
Vestis Corp.
Term Loan
7.576% (3 mo. USD Term SOFR + 2.25%) due 2/22/2031(2)		125,000		124,844
				124,844
Distribution/Wholesale — 0.2%
Core & Main LP
2024 Incremental Term Loan B
7.564% (3 mo. USD Term SOFR + 2.25%) due 2/9/2031(2)		400,000		398,500
				398,500

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Electric — 0.2%
ExGen Renewables IV LLC
2020 Term Loan
8.105% (3 mo. USD Term SOFR + 2.50%) due 12/15/2027(2)	$	350,000	$	350,000
				350,000
Entertainment — 0.6%
Caesars Entertainment, Inc.
2024 Term Loan B1
8.041% (3 mo. USD Term SOFR + 2.75%) due 2/6/2031(2)		500,000		500,000
Flutter Financing BV
Term Loan B
7.559% (3 mo. USD Term SOFR + 2.25%) due 11/29/2030(2)		523,688		523,405
				1,023,405
Healthcare-Services — 0.8%
DaVita, Inc.
2020 Term Loan B
0.00% due 8/12/2026(2)(4)		249,342		249,235
ICON Luxembourg SARL
2024 LUX Term Loan B
7.302% (1 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		842,683		844,149
PRA Health Sciences, Inc.
2024 US Term Loan B
7.302% (3 mo. USD Term SOFR + 2.00%) due 7/3/2028(2)		209,955		210,320
				1,303,704
Leisure Time — 0.1%
Alterra Mountain Co.
2024 Add-on Term Loan B
0.00% due 5/31/2030(2)(4)		150,000		150,562
				150,562
Lodging — 0.6%
Fertitta Entertainment LLC
2022 Term Loan B
9.077% (1 mo. USD Term SOFR + 3.75%) due 1/29/2029(2)		249,364		249,832
Hilton Grand Vacations Borrower LLC
2024 Incremental Term Loan B
0.00% due 1/17/2031(2)(4)		200,000		200,312
Station Casinos LLC
2024 Term Loan B
0.00% due 3/7/2031(2)(4)		525,000		523,987
				974,131

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Senior Secured Loans — (continued)
Media — 0.3%
Nexstar Broadcasting, Inc.
2019 Term Loan B4
7.941% (1 mo. USD Term SOFR + 2.50%) due 9/18/2026(2)	$	500,000	$	499,860
				499,860
Software — 0.3%
Dun & Bradstreet Corp.
2024 Term Loan B
8.082% (1 mo. USD Term SOFR + 2.75%) due 1/18/2029(2)		500,000		499,765
				499,765
Total Senior Secured Loans (Cost $6,758,808)				6,773,677
U.S. Government Agencies — 3.1%
Federal Farm Credit Banks Funding Corp.
2.64% due 4/8/2026		4,000,000		3,840,600
Federal Home Loan Bank Discount Notes
5.239% due 4/1/2024(5)		1,400,000		1,399,165
Total U.S. Government Agencies (Cost $5,370,507)				5,239,765
U.S. Government Securities — 13.1%
U.S. Treasury Notes
4.625% due 2/28/2026		22,500,000		22,487,695
Total U.S. Government Securities (Cost $22,528,046)				22,487,695
Commercial Paper — 0.8%
Bristol-Myers Squibb Co.
5.399% due 4/2/2024(1)		1,300,000		1,299,808
Total Commercial Paper (Cost $1,299,808)				1,299,808
U.S. Treasury Bills — 15.7%
U.S. Treasury Bills
5.114% due 11/29/2024(5)		27,800,000		26,887,801
Total U.S. Treasury Bills (Cost $26,894,115)				26,887,801
Repurchase Agreements — 0.2%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $316,879, due 4/1/2024(6)		316,822		316,822
Total Repurchase Agreements (Cost $316,822)				316,822
Total Investments — 99.8% (Cost $171,761,378)				170,917,311
Assets in excess of other liabilities — 0.2%				394,409
Total Net Assets — 100.0%			$	171,311,720

(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 March 31, 2024, the aggregate market value of these securities amounted to $44,948,805, representing 26.2% of net assets. These securities have been deemed liquid by the investment adviser pursuant to the Fund’s 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 March 31, 2024.

(3) Variable coupon rate based on weighted average interest rate of underlying mortgages.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

(4) Represents an unsettled loan commitment. The coupon rate will be determined at time of settlement.

(5) Interest rate shown reflects the discount rate at time of purchase.

(6) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bill		0.00	%		6/18/2024	$	327,100	$	323,234

Open futures contracts at March 31, 2024:

Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Depreciation
U.S. 2-Year Treasury Note		June 2024		318		Long	$	65,126,520		$	65,026,031		$	(100,489	)

Type	Expiration		Contracts		Position		Notional Amount			Notional Value			Unrealized Appreciation/ (Depreciation)
U.S. 5-Year Treasury Note		June 2024		58		Short	$	(6,197,403	)	$	(6,206,906	)	$	(9,503	)
U.S. Long Bond		June 2024		33		Short		(3,924,047	)		(3,974,438	)		(50,391	)
U.S. Ultra 10-Year Treasury Note		June 2024		13		Short		(1,497,031	)		(1,489,922	)		7,109
U.S. Ultra Bond		June 2024		2		Short		(254,493	)		(258,000	)		(3,507	)
Total							$	(11,872,974	)	$	(11,929,266	)	$	(56,292	)

Legend:

CLO – Collateralized Loan Obligation

CMT – Constant Maturity Treasury

REMIC – Real Estate Mortgage Investment Conduit

SOFR – Secured Overnight Financing Rate

STACR – Structured Agency Credit Risk

USD – United States Dollar

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SHORT DURATION BOND VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments. For more information on valuation inputs, please refer to the Fair Value Measurements section of the accompanying Notes to Schedule of Investments.

	— Valuation Inputs —
Investments in Securities (unaudited)	Level 1			Level 2		Level 3		Total
Agency Mortgage-Backed Securities	$	—		$	10,312,105	$	—	$	10,312,105
Asset-Backed Securities		—			41,001,391		—		41,001,391
Corporate Bonds & Notes		—			41,849,269		—		41,849,269
Non-Agency Mortgage-Backed Securities		—			14,748,978		—		14,748,978
Senior Secured Loans		—			6,773,677		—		6,773,677
U.S. Government Agencies		—			5,239,765		—		5,239,765
U.S. Government Securities		—			22,487,695		—		22,487,695
Commercial Paper		—			1,299,808		—		1,299,808
U.S. Treasury Bills		—			26,887,801		—		26,887,801
Repurchase Agreements		—			316,822		—		316,822
Total	$	—		$	170,917,311	$	—	$	170,917,311
Other Financial Instruments
Futures Contracts
Assets	$	7,109		$	—	$	—	$	7,109
Liabilities		(163,890	)		—		—		(163,890	)
Total	$	(156,781	)	$	—	$	—	$	(156,781	)

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL-MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 97.9%
Aerospace & Defense — 2.1%
Melrose Industries PLC (United Kingdom)		723,488	$	6,140,277
				6,140,277
Automobile Components — 1.3%
Gentherm, Inc.(1)		66,214		3,812,602
				3,812,602
Banks — 5.2%
Ameris Bancorp		46,417		2,245,654
Pinnacle Financial Partners, Inc.		46,585		4,000,720
Prosperity Bancshares, Inc.		35,932		2,363,607
Webster Financial Corp.		82,144		4,170,451
Wintrust Financial Corp.		21,785		2,274,136
				15,054,568
Biotechnology — 0.1%
Sage Therapeutics, Inc.(1)		11,974		224,393
				224,393
Building Products — 3.3%
AZEK Co., Inc.(1)		65,292		3,278,964
Carlisle Cos., Inc.		15,648		6,131,669
				9,410,633
Capital Markets — 2.2%
Cboe Global Markets, Inc.		14,655		2,692,563
Raymond James Financial, Inc.		29,205		3,750,506
				6,443,069
Chemicals — 5.3%
Ashland, Inc.		64,134		6,244,727
Olin Corp.		87,632		5,152,762
Westlake Corp.		26,392		4,032,698
				15,430,187
Commercial Services & Supplies — 2.4%
Republic Services, Inc.		14,095		2,698,347
Stericycle, Inc.(1)		77,922		4,110,385
				6,808,732
Construction & Engineering — 1.3%
API Group Corp.(1)		96,071		3,772,708
				3,772,708
Containers & Packaging — 1.2%
Crown Holdings, Inc.		45,454		3,602,684
				3,602,684
Distributors — 1.4%
LKQ Corp.		77,275		4,127,258
				4,127,258
Diversified Consumer Services — 1.1%
Service Corp. International		41,819		3,103,388
				3,103,388
Electrical Equipment — 5.0%
Atkore, Inc.		40,071		7,627,915
Regal Rexnord Corp.		37,556		6,763,836
				14,391,751
Electronic Equipment, Instruments & Components — 3.4%
Littelfuse, Inc.		17,009		4,122,131
Teledyne Technologies, Inc.(1)		13,557		5,820,291
				9,942,422

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL-MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Financial Services — 1.6%
Essent Group Ltd.		75,621	$	4,500,206
				4,500,206
Food Products — 1.4%
Nomad Foods Ltd.		206,883		4,046,632
				4,046,632
Health Care Equipment & Supplies — 4.2%
Haemonetics Corp.(1)		43,045		3,673,891
Integer Holdings Corp.(1)		34,820		4,062,797
LivaNova PLC(1)		80,232		4,488,178
				12,224,866
Health Care Providers & Services — 2.6%
HealthEquity, Inc.(1)		53,447		4,362,879
Humana, Inc.		9,009		3,123,600
				7,486,479
Health Care Technology — 0.4%
Schrodinger, Inc.(1)		38,905		1,050,435
				1,050,435
Hotels, Restaurants & Leisure — 1.2%
Planet Fitness, Inc., Class A(1)		54,864		3,436,132
				3,436,132
Household Durables — 1.3%
Mohawk Industries, Inc.(1)		28,244		3,696,857
				3,696,857
Household Products — 1.4%
Church & Dwight Co., Inc.		38,612		4,027,618
				4,027,618
Industrial REITs — 1.7%
Terreno Realty Corp.		72,909		4,841,158
				4,841,158
Insurance — 6.1%
Arch Capital Group Ltd.(1)		53,029		4,902,001
Axis Capital Holdings Ltd.		66,594		4,329,942
First American Financial Corp.		71,017		4,335,588
Reinsurance Group of America, Inc.		20,807		4,013,254
				17,580,785
Interactive Media & Services — 0.6%
Bumble, Inc., Class A(1)		151,871		1,723,736
				1,723,736
IT Services — 1.6%
Okta, Inc.(1)		44,683		4,674,735
				4,674,735
Life Sciences Tools & Services — 4.1%
Azenta, Inc.(1)		69,685		4,200,612
Bio-Rad Laboratories, Inc., Class A(1)		17,206		5,951,039
Sotera Health Co.(1)		134,853		1,619,585
				11,771,236

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL-MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Machinery — 0.8%
Ingersoll Rand, Inc.		24,709	$	2,346,120
				2,346,120
Metals & Mining — 1.1%
Commercial Metals Co.		53,592		3,149,602
				3,149,602
Paper & Forest Products — 1.2%
Louisiana-Pacific Corp.		39,763		3,336,513
				3,336,513
Professional Services — 4.8%
CACI International, Inc., Class A(1)		8,601		3,258,317
Dun & Bradstreet Holdings, Inc.		342,244		3,436,129
TransUnion		45,846		3,658,511
WNS Holdings Ltd.(1)		68,015		3,436,798
				13,789,755
Residential REITs — 4.3%
American Homes 4 Rent, Class A		98,057		3,606,537
Mid-America Apartment Communities, Inc.		27,059		3,560,423
Sun Communities, Inc.		41,661		5,356,771
				12,523,731
Semiconductors & Semiconductor Equipment — 3.3%
Marvell Technology, Inc.		72,368		5,129,444
ON Semiconductor Corp.(1)		60,507		4,450,290
				9,579,734
Software — 7.8%
CCC Intelligent Solutions Holdings, Inc.(1)		277,517		3,319,103
Instructure Holdings, Inc.(1)		162,475		3,473,716
PagerDuty, Inc.(1)		179,775		4,077,297
Q2 Holdings, Inc.(1)		80,498		4,230,975
Riskified Ltd., Class A(1)		199,559		1,079,614
Sprinklr, Inc., Class A(1)		175,235		2,150,133
SPS Commerce, Inc.(1)		12,857		2,377,259
WalkMe Ltd.(1)		222,093		1,910,000
				22,618,097
Specialized REITs — 2.7%
Gaming & Leisure Properties, Inc.		73,383		3,380,755
SBA Communications Corp.		20,637		4,472,038
				7,852,793
Specialty Retail — 6.1%
Burlington Stores, Inc.(1)		26,212		6,086,164
Leslie’s, Inc.(1)		588,186		3,823,209
National Vision Holdings, Inc.(1)		101,100		2,240,376
Revolve Group, Inc.(1)		177,201		3,751,345
Tractor Supply Co.		6,754		1,767,657
				17,668,751
Trading Companies & Distributors — 2.3%
Air Lease Corp.		87,058		4,478,264
United Rentals, Inc.		3,118		2,248,421
				6,726,685
Total Common Stocks (Cost $256,136,630)				282,917,328

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL-MID CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Exchange-Traded Funds — 1.5%
SPDR S&P Biotech ETF		45,207	$	4,289,692
Total Exchange-Traded Funds (Cost $4,194,917)				4,289,692
	Principal Amount		Value
Repurchase Agreements — 0.9%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $2,575,429, due 4/1/2024(2)	$	2,574,971		2,574,971
Total Repurchase Agreements (Cost $2,574,971)				2,574,971
Total Investments — 100.3% (Cost $262,906,518)				289,781,991
Liabilities in excess of other assets — (0.3)%				(976,283	)
Total Net Assets — 100.0%			$	288,805,708

(1) Non–income–producing security.

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	2,658,300	$	2,626,477

Legend:

REITs – Real Estate Investment Trusts

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN SMALL-MID CAP CORE VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	276,777,051	$	6,140,277	*	$	—	$	282,917,328
Exchange-Traded Funds		4,289,692		—			—		4,289,692
Repurchase Agreements		—		2,574,971			—		2,574,971
Total	$	281,066,743	$	8,715,248		$	—	$	289,781,991

^*  Consists of certain foreign securities whose values were determined by a pricing service using pricing models (See Notes to Schedule of Investments). These investments in securities were classified as Level 2 rather than Level 1.

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — 98.0%
Aerospace & Defense — 0.9%
L3Harris Technologies, Inc.		10,378	$	2,211,552
				2,211,552
Banks — 2.2%
Bank of America Corp.		53,297		2,021,022
JPMorgan Chase & Co.		18,131		3,631,640
				5,652,662
Beverages — 1.9%
Coca-Cola Co.		60,543		3,704,021
Keurig Dr Pepper, Inc.		35,779		1,097,342
				4,801,363
Biotechnology — 4.4%
AbbVie, Inc.		34,595		6,299,749
Gilead Sciences, Inc.		35,360		2,590,120
Vertex Pharmaceuticals, Inc.(1)		5,052		2,111,787
				11,001,656
Broadline Retail — 1.1%
Amazon.com, Inc.(1)		15,376		2,773,523
				2,773,523
Capital Markets — 1.9%
Cboe Global Markets, Inc.		11,023		2,025,256
MSCI, Inc.		2,033		1,139,395
S&P Global, Inc.		3,551		1,510,773
				4,675,424
Construction & Engineering — 0.7%
AECOM		17,295		1,696,294
				1,696,294
Consumer Staples Distribution & Retail — 1.7%
Koninklijke Ahold Delhaize NV, ADR		36,074		1,079,695
Walmart, Inc.		53,863		3,240,937
				4,320,632
Diversified Telecommunication Services — 0.8%
Verizon Communications, Inc.		49,122		2,061,159
				2,061,159
Electric Utilities — 2.3%
American Electric Power Co., Inc.		43,547		3,749,397
NextEra Energy, Inc.		31,094		1,987,217
				5,736,614
Electrical Equipment — 0.5%
Eaton Corp. PLC		3,710		1,160,043
				1,160,043
Entertainment — 1.1%
Electronic Arts, Inc.		20,098		2,666,402
				2,666,402
Financial Services — 5.0%
Fiserv, Inc.(1)		27,311		4,364,844
Mastercard, Inc., Class A		5,464		2,631,299
Visa, Inc., Class A		19,918		5,558,715
				12,554,858

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Health Care Equipment & Supplies — 0.8%
Medtronic PLC		22,560	$	1,966,104
				1,966,104
Health Care Providers & Services — 5.5%
Cencora, Inc.		5,839		1,418,819
Cigna Group		6,340		2,302,625
Elevance Health, Inc.		121		62,743
McKesson Corp.		7,970		4,278,694
UnitedHealth Group, Inc.		11,593		5,735,057
				13,797,938
Hotels, Restaurants & Leisure — 3.1%
Booking Holdings, Inc.		805		2,920,443
Compass Group PLC, ADR		79,280		2,332,418
Yum! Brands, Inc.		18,013		2,497,502
				7,750,363
Household Products — 1.1%
Procter & Gamble Co.		17,865		2,898,596
				2,898,596
Industrial REITs — 0.4%
First Industrial Realty Trust, Inc.		20,412		1,072,446
				1,072,446
Insurance — 5.7%
American Financial Group, Inc.		10,371		1,415,434
Everest Group Ltd.		7,738		3,075,855
Marsh & McLennan Cos., Inc.		16,874		3,475,707
Progressive Corp.		11,668		2,413,176
Reinsurance Group of America, Inc.		7,547		1,455,665
Willis Towers Watson PLC		8,842		2,431,550
				14,267,387
Interactive Media & Services — 7.2%
Alphabet, Inc., Class C(1)		77,974		11,872,321
Meta Platforms, Inc., Class A		13,073		6,347,988
				18,220,309
IT Services — 2.9%
Amdocs Ltd.		38,333		3,464,153
VeriSign, Inc.(1)		20,086		3,806,498
				7,270,651
Life Sciences Tools & Services — 0.3%
Thermo Fisher Scientific, Inc.		1,548		899,713
				899,713
Media — 1.4%
Comcast Corp., Class A		81,423		3,529,687
				3,529,687
Multi-Utilities — 0.7%
CenterPoint Energy, Inc.		65,017		1,852,334
				1,852,334
Oil, Gas & Consumable Fuels — 2.6%
Exxon Mobil Corp.		14,908		1,732,906
Shell PLC, ADR		70,854		4,750,052
				6,482,958

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND

March 31, 2024 (unaudited)	Shares		Value
Common Stocks — (continued)
Pharmaceuticals — 5.0%
Bristol-Myers Squibb Co.		20,269	$	1,099,188
Eli Lilly & Co.		5,637		4,385,360
Merck & Co., Inc.		53,608		7,073,576
				12,558,124
Professional Services — 4.7%
Automatic Data Processing, Inc.		9,691		2,420,230
Experian PLC, ADR		51,773		2,254,196
Genpact Ltd.		76,917		2,534,415
Paychex, Inc.		19,604		2,407,371
RELX PLC, ADR		27,188		1,176,969
Verisk Analytics, Inc.		4,219		994,545
				11,787,726
Semiconductors & Semiconductor Equipment — 5.9%
Analog Devices, Inc.		8,299		1,641,459
Applied Materials, Inc.		10,899		2,247,701
Broadcom, Inc.		6,635		8,794,095
NVIDIA Corp.		2,485		2,245,347
				14,928,602
Software — 17.1%
Adobe, Inc.(1)		7,896		3,984,322
Fortinet, Inc.(1)		17,954		1,226,438
Gen Digital, Inc.		138,773		3,108,515
Intuit, Inc.		6,876		4,469,400
Microsoft Corp.		53,348		22,444,570
Nice Ltd., ADR(1)		4,420		1,151,940
Oracle Corp.		35,396		4,446,092
ServiceNow, Inc.(1)		2,836		2,162,166
				42,993,443
Specialized REITs — 0.7%
Public Storage		5,886		1,707,293
				1,707,293
Specialty Retail — 3.5%
AutoZone, Inc.(1)		1,750		5,515,387
O’Reilly Automotive, Inc.(1)		1,523		1,719,284
Ulta Beauty, Inc.(1)		2,854		1,492,300
				8,726,971
Technology Hardware, Storage & Peripherals — 3.4%
Apple, Inc.		49,215		8,439,388
				8,439,388
Tobacco — 1.5%
Philip Morris International, Inc.		40,114		3,675,245
				3,675,245
Total Common Stocks (Cost $192,603,795)				246,137,460

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND

March 31, 2024 (unaudited)	Principal Amount		Value
Repurchase Agreements — 2.9%
Fixed Income Clearing Corp., 1.60%, dated 3/28/2024, proceeds at maturity value of $7,322,343, due 4/1/2024(2)	$	7,321,041	$	7,321,041
Total Repurchase Agreements (Cost $7,321,041)				7,321,041
Total Investments — 100.9% (Cost $199,924,836)				253,458,501
Liabilities in excess of other assets — (0.9)%				(2,351,244	)
Total Net Assets — 100.0%			$	251,107,257

(1) Non–income–producing security.

(2) The table below presents collateral for repurchase agreements.

Security	Coupon			Maturity Date		Principal Amount		Value
U.S. Treasury Bond		4.25	%		2/15/2054	$	7,558,000	$	7,467,522

Legend:

ADR – American Depositary Receipt

REITs – Real Estate Investment Trusts

See accompanying Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS

GUARDIAN STRATEGIC LARGE CAP CORE VIP FUND

The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s 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	$	246,137,460	$	—	$	—	$	246,137,460
Repurchase Agreements		—		7,321,041		—		7,321,041
Total	$	246,137,460	$	7,321,041	$	—	$	253,458,501

See accompanying Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

Investment Valuations

The Board of Trustees has designated Park Avenue Institutional Advisers LLC (“Park Avenue”) as the valuation designee for the Funds pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”). Park Avenue has established a Fair Valuation Committee and has adopted fair valuation procedures that provide methodologies for fair valuing securities. These procedures include monitoring the appropriateness of fair values based on results of ongoing valuation oversight, including but not limited to consideration of security specific events, market events, and pricing vendor and broker-dealer evaluation. The Fair Valuation Committee oversees and carries out the policies for the valuation of investments held in the Funds.

Equity securities traded on an exchange other than NASDAQ Stock Market, LLC (“NASDAQ”) are valued at the last reported sale price on the principal exchange or market on which they are traded; or, if there were no sales that day, at the mean between the closing bid and ask prices. Securities traded on the NASDAQ are generally valued at the NASDAQ official closing price, which may not be the last sale price. If the NASDAQ official closing price is not available for a security, that security is generally valued at the mean between the closing bid and ask prices. Repurchase agreements are carried at cost, which approximates fair value. Foreign securities are valued in the currencies of the markets in which they trade and then converted to U.S. dollars by the application of foreign exchange rates at the close of the New York Stock Exchange.

The valuations of debt securities for which quoted bid prices are readily available are valued at the bid price by independent pricing services (each, a “Service”). Debt securities for which quoted bid prices are not readily available are valued by a Service at the evaluated bid price provided by the Service or the bid price provided by an independent broker-dealer or at a calculated price based on the spread to an appropriate benchmark provided by such broker-dealer.

Exchange-traded financial futures and swap contracts are valued at the last settlement price on the market where they are primarily traded. Securities for which market quotations are not readily available or securities whose values have been materially affected by events occurring before the Fund’s valuation time but after the close of the securities’ principal exchange or market are valued at their fair values as determined in good faith by Park Avenue.

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 Trust’s Board of Trustees and are noted, if any, in the Funds’ Schedule of Investments. As of March 31, 2024, Guardian Mid Cap Traditional Growth VIP Fund held one illiquid security, and Guardian Mid Cap Relative Value VIP Fund held three 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 “arm’s 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 entity’s 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 Fund’s 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 instrument’s 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 instrument’s 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 March 31, 2024, 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 instrument’s 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 March 31, 2024 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 March 31, 2024, Guardian Mid Cap Traditional Growth Fund had one security 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 March 31, 2024, Guardian Balanced Allocation VIP Fund, Guardian Core Fixed Income VIP Fund, Guardian Core Plus Fixed Income VIP Fund, Guardian Multi-Sector Bond VIP Fund, Guardian Short Duration Bond VIP Fund, Guardian Total Return Bond VIP Fund and Guardian U.S. Government Securities VIP Fund entered into U.S. Treasury futures contracts to manage portfolio duration. During the period ended March 31, 2024, Guardian Select Mid Cap Core VIP Fund entered into equity futures contracts to equitize cash and keep the Fund fully invested.

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 Commission’s website at https://www.sec.gov.