NPORT-P
    false
    
      
      
        
          0000887340
          XXXXXXXX
        
      
      
      
      
        S000009432
        C000025794
        C000025795
      
      
      
    
  
  
    
      MAINSTAY VP FUNDS TRUST
      811-03833-01
      0000887340
      549300AG6K4RXYNOVN04
      51 Madison Avenue
      New York
      
      10010
      212-576-7000
      MainStay VP Wellington Mid Cap Portfolio
      S000009432
      54930047EAJHZR5MMJ62
      2022-12-31
      2022-03-31
      N
    
    
      864375620.17
      15393385.84
      848982234.33
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      800081.27000000
      
        
        
        
        
        
        
        
        
        
      
      
        
          
            UST
          
        
      
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Carter's, Inc.
        5299003WAQK4R3L3ZU36
        Carter's, Inc.
        146229109
        
          
        
        67169.00000000
        NS
        USD
        6178876.31000000
        0.727798069281
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Six Flags Entertainment Corp.
        549300JYTDUAA4JQ3717
        Six Flags Entertainment Corp.
        83001A102
        
          
        
        150404.00000000
        NS
        USD
        6542574.00000000
        0.770637327312
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        United Therapeutics Corp.
        5299005C4HZL4UWROC14
        United Therapeutics Corp.
        91307C102
        
          
        
        41524.00000000
        NS
        USD
        7449820.84000000
        0.877500204215
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Expeditors International of Washington, Inc.
        984500B055A804AB6E40
        Expeditors International of Washington, Inc.
        302130109
        
          
        
        1191.00000000
        NS
        USD
        122863.56000000
        0.014471864667
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Zions Bancorp NA
        8WH0EE09O9V05QJZ3V89
        Zions Bancorp NA
        989701107
        
          
        
        84771.00000000
        NS
        USD
        5557586.76000000
        0.654617556795
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nevro Corp.
        254900SH91I4BOYKUE38
        Nevro Corp.
        64157F103
        
          
        
        35620.00000000
        NS
        USD
        2576394.60000000
        0.303468611688
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Syneos Health, Inc.
        549300F1ZGKDS8P6GU13
        Syneos Health, Inc.
        87166B102
        
          
        
        67208.00000000
        NS
        USD
        5440487.60000000
        0.640824669822
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NVR, Inc.
        529900RWXR4JI3JYTV70
        NVR, Inc.
        62944T105
        
          
        
        2270.00000000
        NS
        USD
        10140702.90000000
        1.194454075708
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Jazz Pharmaceuticals plc
        635400GAUMJCLEZRRV50
        Jazz Pharmaceuticals plc
        N/A
        
          
        
        78156.00000000
        NS
        USD
        12166544.52000000
        1.433074100732
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hamilton Lane, Inc.
        5493006OKN3V1NORM833
        Hamilton Lane, Inc., Class A
        407497106
        
          
        
        37798.00000000
        NS
        USD
        2921407.42000000
        0.344107014477
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity National Financial, Inc.
        549300CAZYIH39SYQ287
        Fidelity National Financial, Inc.
        31620R303
        
          
        
        105122.00000000
        NS
        USD
        5134158.48000000
        0.604742746360
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ICON plc
        6354008SRQGEMC4XFI67
        ICON plc
        N/A
        
          
        
        29985.00000000
        NS
        USD
        7292951.70000000
        0.859022887063
        Long
        EC
        CORP
        IE
        N
        
        1
        
          N
          N
          N
        
      
      
        WELLS FARGO GOVT FD LEX
        549300GFSYYLVYEWA041
        ALLSPRING GOVERNMENT MONEY MARKET FUND
        949921126
        
          
        
        254861.05000000
        NS
        USD
        254861.05000000
        0.030019597548
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        PS Business Parks, Inc.
        N/A
        PS Business Parks, Inc.
        69360J107
        
          
        
        16358.00000000
        NS
        USD
        2749452.64000000
        0.323852788529
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Gaming and Leisure Properties, Inc.
        5493006GWRDBCZYWTM57
        Gaming and Leisure Properties, Inc.
        36467J108
        
          
        
        162928.00000000
        NS
        USD
        7646211.04000000
        0.900632631733
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Life Storage, Inc.
        W9EE01AFDDF9DQCQZC68
        Life Storage, Inc.
        53223X107
        
          
        
        39684.00000000
        NS
        USD
        5572824.12000000
        0.656412336401
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fair Isaac Corp.
        RI6HET5SJUEY30V1PS26
        Fair Isaac Corp.
        303250104
        
          
        
        5231.00000000
        NS
        USD
        2440052.26000000
        0.287409107203
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Choice Hotels International, Inc.
        5493003CYRY5RFGTIR97
        Choice Hotels International, Inc.
        169905106
        
          
        
        67557.00000000
        NS
        USD
        9576880.32000000
        1.128042488139
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vizio Holding Corp.
        N/A
        Vizio Holding Corp., Class A
        92858V101
        
          
        
        198501.00000000
        NS
        USD
        1764673.89000000
        0.207857575652
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        UGI Corp.
        DX6GCWD4Q1JO9CRE5I40
        UGI Corp.
        902681105
        
          
        
        229149.00000000
        NS
        USD
        8299776.78000000
        0.977614895151
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lumentum Holdings, Inc.
        549300JLWRRC38DWEF52
        Lumentum Holdings, Inc.
        55024U109
        
          
        
        218789.00000000
        NS
        USD
        21353806.40000000
        2.515224175079
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Bio-Techne Corp.
        54930073RLKQ51TILZ35
        Bio-Techne Corp.
        09073M104
        
          
        
        5712.00000000
        NS
        USD
        2473524.48000000
        0.291351736229
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Teleflex, Inc.
        UUL85LWXB4NGSWWXIQ25
        Teleflex, Inc.
        879369106
        
          
        
        23840.00000000
        NS
        USD
        8459147.20000000
        0.996386833309
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Reata Pharmaceuticals, Inc.
        5299005F094GH9QDDD80
        Reata Pharmaceuticals, Inc., Class A
        75615P103
        
          
        
        86015.00000000
        NS
        USD
        2817851.40000000
        0.331909348164
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Middleby Corp. (The)
        JDFO86U9VQRBKW5KYA35
        Middleby Corp. (The)
        596278101
        
          
        
        59656.00000000
        NS
        USD
        9780004.64000000
        1.151968114823
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cargurus, Inc.
        54930027BKQN6B7X7G78
        Cargurus, Inc.
        141788109
        
          
        
        325500.00000000
        NS
        USD
        13820730.00000000
        1.627917457060
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Under Armour, Inc.
        549300D4549QKWETZ406
        Under Armour, Inc., Class C
        904311206
        
          
        
        322286.00000000
        NS
        USD
        5014770.16000000
        0.590680223592
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Steven Madden Ltd.
        549300Z9GZ7GYJWSGF43
        Steven Madden Ltd.
        556269108
        
          
        
        121454.00000000
        NS
        USD
        4692982.56000000
        0.552777475220
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Knight-Swift Transportation Holdings, Inc.
        N/A
        Knight-Swift Transportation Holdings, Inc.
        499049104
        
          
        
        107275.00000000
        NS
        USD
        5413096.50000000
        0.637598324336
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Steel Dynamics, Inc.
        549300HGGKEL4FYTTQ83
        Steel Dynamics, Inc.
        858119100
        
          
        
        110428.00000000
        NS
        USD
        9213008.04000000
        1.085182665485
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        US Foods Holding Corp.
        549300UGOZSO64CFPR97
        US Foods Holding Corp.
        912008109
        
          
        
        182508.00000000
        NS
        USD
        6867776.04000000
        0.808942256067
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sage Therapeutics, Inc.
        5493000JX4BJS9W6CN35
        Sage Therapeutics, Inc.
        78667J108
        
          
        
        143444.00000000
        NS
        USD
        4747996.40000000
        0.559257450628
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Assurant, Inc.
        H3F39CAXWQRVWURFXL38
        Assurant, Inc.
        04621X108
        
          
        
        36767.00000000
        NS
        USD
        6685343.61000000
        0.787453887686
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Molina Healthcare, Inc.
        549300NQQCEQ46YHZ591
        Molina Healthcare, Inc.
        60855R100
        
          
        
        41540.00000000
        NS
        USD
        13857328.60000000
        1.632228336431
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Globe Life, Inc.
        5493001JFHKQOPP6XA71
        Globe Life, Inc.
        37959E102
        
          
        
        49138.00000000
        NS
        USD
        4943282.80000000
        0.582259863647
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Republic Bank
        YWC0TIKBQM2JV8L4IV08
        First Republic Bank
        33616C100
        
          
        
        43529.00000000
        NS
        USD
        7056050.90000000
        0.831118793147
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Credit Acceptance Corp.
        N/A
        Credit Acceptance Corp.
        225310101
        
          
        
        21033.00000000
        NS
        USD
        11575932.21000000
        1.363507001902
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Shift4 Payments, Inc.
        N/A
        Shift4 Payments, Inc., Class A
        82452J109
        
          
        
        97535.00000000
        NS
        USD
        6040342.55000000
        0.711480441609
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JELD-WEN Holding, Inc.
        529900AXX7CT9GZSCS30
        JELD-WEN Holding, Inc.
        47580P103
        
          
        
        165428.00000000
        NS
        USD
        3354879.84000000
        0.395164905028
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lamb Weston Holdings, Inc.
        5493005SMYID1D2OY946
        Lamb Weston Holdings, Inc.
        513272104
        
          
        
        109808.00000000
        NS
        USD
        6578597.28000000
        0.774880440836
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CommScope Holding Co., Inc.
        254900AW4CEPCQWSRI58
        CommScope Holding Co., Inc.
        20337X109
        
          
        
        585033.00000000
        NS
        USD
        4610060.04000000
        0.543010189563
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Visteon Corp.
        549300MOVLYHRW4GGW78
        Visteon Corp.
        92839U206
        
          
        
        50340.00000000
        NS
        USD
        5493604.20000000
        0.647081172945
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Westinghouse Air Brake Technologies Corp.
        06BTX5UWZD0GQ5N5Y745
        Westinghouse Air Brake Technologies Corp.
        929740108
        
          
        
        135754.00000000
        NS
        USD
        13055462.18000000
        1.537778018441
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CarMax, Inc.
        N/A
        CarMax, Inc.
        143130102
        
          
        
        58186.00000000
        NS
        USD
        5613785.28000000
        0.661237073403
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Genpact Ltd.
        529900OSEC6Q0L4L5B35
        Genpact Ltd.
        N/A
        
          
        
        292611.00000000
        NS
        USD
        12731504.61000000
        1.499619673437
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        PTC Therapeutics, Inc.
        549300UJLWOIWFDGB318
        PTC Therapeutics, Inc.
        69366J200
        
          
        
        146282.00000000
        NS
        USD
        5457781.42000000
        0.642861675934
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ultragenyx Pharmaceutical, Inc.
        529900EV44GVDN1DCX77
        Ultragenyx Pharmaceutical, Inc.
        90400D108
        
          
        
        77944.00000000
        NS
        USD
        5660293.28000000
        0.666715162121
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lennox International, Inc.
        S7DWAC87RDMPBF77GJ92
        Lennox International, Inc.
        526107107
        
          
        
        29316.00000000
        NS
        USD
        7559423.76000000
        0.890410123359
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Builders FirstSource, Inc.
        549300W0SKP6L3H7DP63
        Builders FirstSource, Inc.
        12008R107
        
          
        
        66084.00000000
        NS
        USD
        4265061.36000000
        0.502373452297
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Lincoln Electric Holdings, Inc.
        BIMGBY40SIN95O01BN93
        Lincoln Electric Holdings, Inc.
        533900106
        
          
        
        52393.00000000
        NS
        USD
        7220279.33000000
        0.850462947048
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Informatica, Inc.
        N/A
        Informatica, Inc., Class A
        45674M101
        
          
        
        185451.00000000
        NS
        USD
        3660802.74000000
        0.431198980611
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Celanese Corp.
        549300FHJQTDPPN41627
        Celanese Corp.
        150870103
        
          
        
        40128.00000000
        NS
        USD
        5733087.36000000
        0.675289438126
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Diamondback Energy, Inc.
        549300R22LSX6OHWEN64
        Diamondback Energy, Inc.
        25278X109
        
          
        
        14239.00000000
        NS
        USD
        1951882.12000000
        0.229908476417
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Axon Enterprise, Inc.
        549300QP2IEEGFE16681
        Axon Enterprise, Inc.
        05464C101
        
          
        
        44535.00000000
        NS
        USD
        6133805.55000000
        0.722489270325
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Exact Sciences Corp.
        549300VM3X1FYD4N9Z14
        Exact Sciences Corp.
        30063P105
        
          
        
        83451.00000000
        NS
        USD
        5834893.92000000
        0.687281038878
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Watsco, Inc.
        549300F1Y3LN5BX5WN75
        Watsco, Inc.
        942622200
        
          
        
        16784.00000000
        NS
        USD
        5113077.76000000
        0.602259688512
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Element Solutions, Inc.
        549300FLGN6P5CU20J91
        Element Solutions, Inc.
        28618M106
        
          
        
        367345.00000000
        NS
        USD
        8044855.50000000
        0.947588203226
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Encompass Health Corp.
        549300FVRPM9DRQZRG64
        Encompass Health Corp.
        29261A100
        
          
        
        145574.00000000
        NS
        USD
        10351767.14000000
        1.219314930443
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Prosperity Bancshares, Inc.
        N/A
        Prosperity Bancshares, Inc.
        743606105
        
          
        
        75090.00000000
        NS
        USD
        5209744.20000000
        0.613645844322
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        White Mountains Insurance Group Ltd.
        549300N3FL068JERBG02
        White Mountains Insurance Group Ltd.
        N/A
        
          
        
        4191.00000000
        NS
        USD
        4761981.84000000
        0.560904768962
        Long
        EC
        CORP
        BM
        
        N
        
        1
        
          N
          N
          N
        
      
      
        John Bean Technologies Corp.
        5493007CT6ATBZ2L6826
        John Bean Technologies Corp.
        477839104
        
          
        
        46937.00000000
        NS
        USD
        5560626.39000000
        0.654975589022
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Arrival SA
        549300IID9QLI5KRBG37
        Arrival SA
        N/A
        
          
        
        338973.00000000
        NS
        USD
        1264369.29000000
        0.148927649940
        Long
        EC
        CORP
        LU
        N
        
        1
        
          N
          N
          
        
      
      
        Teradata Corp.
        549300JU9SOUHV4U4R71
        Teradata Corp.
        88076W103
        
          
        
        183328.00000000
        NS
        USD
        9036237.12000000
        1.064361155581
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Iovance Biotherapeutics, Inc.
        549300220Z2GHH33XL82
        Iovance Biotherapeutics, Inc.
        462260100
        
          
        
        343703.00000000
        NS
        USD
        5722654.95000000
        0.674060624427
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WEX, Inc.
        T9M5IGROL1TL1G5OV478
        WEX, Inc.
        96208T104
        
          
        
        82008.00000000
        NS
        USD
        14634327.60000000
        1.723749568393
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IDEX Corp.
        549300U5Y5EL6PHYLF13
        IDEX Corp.
        45167R104
        
          
        
        47347.00000000
        NS
        USD
        9077840.31000000
        1.069261516074
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Robert Half International, Inc.
        529900VPCUY9H3HLIC08
        Robert Half International, Inc.
        770323103
        
          
        
        20492.00000000
        NS
        USD
        2339776.56000000
        0.275597823533
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alnylam Pharmaceuticals, Inc.
        529900S3ZI14OWRJII50
        Alnylam Pharmaceuticals, Inc.
        02043Q107
        
          
        
        17445.00000000
        NS
        USD
        2848594.05000000
        0.335530466341
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Clean Harbors, Inc.
        5493000SJVZVZJKHJF48
        Clean Harbors, Inc.
        184496107
        
          
        
        73904.00000000
        NS
        USD
        8250642.56000000
        0.971827468982
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Markel Corp.
        549300SCNO12JLWIK605
        Markel Corp.
        570535104
        
          
        
        7386.00000000
        NS
        USD
        10896122.64000000
        1.283433527746
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Marathon Oil Corp.
        1FRVQX2CRLGC1XLP5727
        Marathon Oil Corp.
        565849106
        
          
        
        403786.00000000
        NS
        USD
        10139066.46000000
        1.194261322558
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Nuvei Corp.
        N/A
        Nuvei Corp.
        67079A102
        
          
        
        28998.00000000
        NS
        USD
        2186159.22000000
        0.257503529708
        Long
        EC
        CORP
        CA
        Y
        
        1
        
          N
          N
          N
        
      
      
        Black Hills Corp.
        3MGELCRSTNSAMJ962671
        Black Hills Corp.
        092113109
        
          
        
        62654.00000000
        NS
        USD
        4825611.08000000
        0.568399535922
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Spirit AeroSystems Holdings, Inc.
        N/A
        Spirit AeroSystems Holdings, Inc., Class A
        848574109
        
          
        
        141935.00000000
        NS
        USD
        6939202.15000000
        0.817355401491
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MainStay U.S. Government Liquidity Fund
        549300Y3ZLEL13IJCK58
        MainStay U.S. Government Liquidity Fund, Class I
        56064L488
        
          
        
        1068303.97000000
        NS
        USD
        1068303.97000000
        0.125833489418
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cadence Bank
        Q7C315HKI8VX0SSKBS64
        Cadence Bank
        12740C103
        
          
        
        200208.00000000
        NS
        USD
        5858086.08000000
        0.690012799222
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        W R Berkley Corp.
        SQOAGCLKBDWNVYV1OV80
        W R Berkley Corp.
        084423102
        
          
        
        70863.00000000
        NS
        USD
        4718767.17000000
        0.555814595310
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        YETI Holdings, Inc.
        549300DSQICIGNT5GO63
        YETI Holdings, Inc.
        98585X104
        
          
        
        129514.00000000
        NS
        USD
        7768249.72000000
        0.915007335357
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Denny's Corp.
        54930037V56XOULXM917
        Denny's Corp.
        24869P104
        
          
        
        398593.00000000
        NS
        USD
        5703865.83000000
        0.671847489777
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Silicon Laboratories, Inc.
        4PRDF8Q9TDHRVZKZSZ47
        Silicon Laboratories, Inc.
        826919102
        
          
        
        4694.00000000
        NS
        USD
        705038.80000000
        0.083045177094
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hanover Insurance Group, Inc. (The)
        JJYR6MFKFF6CF8DBZ078
        Hanover Insurance Group, Inc. (The)
        410867105
        
          
        
        46690.00000000
        NS
        USD
        6981088.80000000
        0.822289150197
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NiSource, Inc.
        549300D8GOWWH0SJB189
        NiSource, Inc.
        65473P105
        
          
        
        99062.00000000
        NS
        USD
        3150171.60000000
        0.371052711425
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JB Hunt Transport Services, Inc.
        549300XCD1MPI1C5GK90
        JB Hunt Transport Services, Inc.
        445658107
        
          
        
        31588.00000000
        NS
        USD
        6342554.52000000
        0.747077413817
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Colfax Corp.
        635400OP2DYYYMOIYL17
        Colfax Corp.
        194014106
        
          
        
        123977.00000000
        NS
        USD
        4933044.83000000
        0.581053952665
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Aegon NV
        O4QK7KMMK83ITNTHUG69
        Aegon NV (Registered)
        007924103
        
          
        
        1534378.00000000
        NS
        USD
        8116859.62000000
        0.956069431347
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Rexford Industrial Realty, Inc.
        549300MSLO0DF0EMX355
        Rexford Industrial Realty, Inc.
        76169C100
        
          
        
        66015.00000000
        NS
        USD
        4924058.85000000
        0.579995511200
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Synaptics, Inc.
        549300AJ3LI4FWNRQX29
        Synaptics, Inc.
        87157D109
        
          
        
        39742.00000000
        NS
        USD
        7928529.00000000
        0.933886326403
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        F5, Inc.
        54930015FPK9KT966303
        F5, Inc.
        315616102
        
          
        
        95563.00000000
        NS
        USD
        19967888.85000000
        2.351979587153
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Insulet Corp.
        549300TZTYD2PYN92D43
        Insulet Corp.
        45784P101
        
          
        
        9964.00000000
        NS
        USD
        2654309.96000000
        0.312646113507
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Erie Indemnity Co.
        549300WA5KP94KRUFZ80
        Erie Indemnity Co., Class A
        29530P102
        
          
        
        4451.00000000
        NS
        USD
        783954.63000000
        0.092340522368
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        First Citizens BancShares, Inc.
        549300N3Z00ZHE2XC526
        First Citizens BancShares, Inc., Class A
        31946M103
        
          
        
        9999.00000000
        NS
        USD
        6655334.40000000
        0.783919160010
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MKS Instruments, Inc.
        549300KEQATBHAGVF505
        MKS Instruments, Inc.
        55306N104
        
          
        
        108201.00000000
        NS
        USD
        16230150.00000000
        1.911718448715
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Flex Ltd.
        549300EAQH74YHD07T53
        Flex Ltd.
        N/A
        
          
        
        574422.00000000
        NS
        USD
        10655528.10000000
        1.255094355232
        Long
        EC
        CORP
        SG
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cullen
        529900V2E9G9AY665O34
        Cullen
        229899109
        
          
        
        43302.00000000
        NS
        USD
        5993429.82000000
        0.705954680515
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Western Alliance Bancorp
        5493003VJXZ5JXT9S762
        Western Alliance Bancorp
        957638109
        
          
        
        81644.00000000
        NS
        USD
        6761756.08000000
        0.796454366955
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        II-VI, Inc.
        549300O5C25A0MMHHU33
        II-VI, Inc.
        902104108
        
          
        
        204382.00000000
        NS
        USD
        14815651.18000000
        1.745107327445
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Integra LifeSciences Holdings Corp.
        WB7IJCYY8YFTENS4O147
        Integra LifeSciences Holdings Corp.
        457985208
        
          
        
        241455.00000000
        NS
        USD
        15515898.30000000
        1.827588101680
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ingersoll Rand, Inc.
        5299004C02FMZCUOIR50
        Ingersoll Rand, Inc.
        45687V106
        
          
        
        224077.00000000
        NS
        USD
        11282276.95000000
        1.328917908265
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Guidewire Software, Inc.
        549300WXSG0J8IXZCK32
        Guidewire Software, Inc.
        40171V100
        
          
        
        59193.00000000
        NS
        USD
        5600841.66000000
        0.659712469062
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Science Applications International Corp.
        549300LZPNZIXQGZPZ48
        Science Applications International Corp.
        808625107
        
          
        
        41247.00000000
        NS
        USD
        3801735.99000000
        0.447799239639
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Coterra Energy, Inc.
        FCNMH6O7VWU7LHXMK351
        Coterra Energy, Inc.
        127097103
        
          
        
        101248.00000000
        NS
        USD
        2730658.56000000
        0.321639069650
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GFL Environmental, Inc.
        549300FYK4MBXWIVZU26
        GFL Environmental, Inc.
        36168Q104
        
          
        
        153778.00000000
        NS
        USD
        5003936.12000000
        0.589404102660
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Digital Turbine, Inc.
        549300D0WZR1VI2QGB24
        Digital Turbine, Inc.
        25400W102
        
          
        
        118013.00000000
        NS
        USD
        5170149.53000000
        0.608982063574
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Black Knight, Inc.
        549300TUSNXS3BFFML48
        Black Knight, Inc.
        09215C105
        
          
        
        41720.00000000
        NS
        USD
        2419342.80000000
        0.284969779362
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Redfin Corp.
        549300HXWD3JEMZU3O57
        Redfin Corp.
        75737F108
        
          
        
        90805.00000000
        NS
        USD
        1638122.20000000
        0.192951293179
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ryman Hospitality Properties, Inc.
        529900GCCWW9SRMPJR11
        Ryman Hospitality Properties, Inc.
        78377T107
        
          
        
        78732.00000000
        NS
        USD
        7303967.64000000
        0.860320433650
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TFDXX LEX BLACKROCK FED FUND
        549300T8K043VZEOVK74
        BLACKROCK LIQUIDITY FEDFUND OPEN-END FUND USD
        09248U700
        
          
        
        13632968.65000000
        NS
        USD
        13632968.65000000
        1.605801405344
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Graco, Inc.
        4T5VJ4S81BRT6Q7GGT78
        Graco, Inc.
        384109104
        
          
        
        47784.00000000
        NS
        USD
        3331500.48000000
        0.392411094753
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NeoGenomics, Inc.
        N/A
        NeoGenomics, Inc.
        64049M209
        
          
        
        60731.00000000
        NS
        USD
        737881.65000000
        0.086913673827
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TransUnion
        549300ZS772LUNUMRB03
        TransUnion
        89400J107
        
          
        
        24913.00000000
        NS
        USD
        2574509.42000000
        0.303246559927
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CDW Corp.
        9845001B052ABF0B6755
        CDW Corp.
        12514G108
        
          
        
        31672.00000000
        NS
        USD
        5665804.08000000
        0.667364268755
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Inari Medical, Inc.
        N/A
        Inari Medical, Inc.
        45332Y109
        
          
        
        61933.00000000
        NS
        USD
        5613607.12000000
        0.661216088276
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dun & Bradstreet Holdings, Inc.
        N/A
        Dun & Bradstreet Holdings, Inc.
        26484T106
        
          
        
        353982.00000000
        NS
        USD
        6201764.64000000
        0.730494042068
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Etsy, Inc.
        54930089Q7XT501AEA40
        Etsy, Inc.
        29786A106
        
          
        
        53402.00000000
        NS
        USD
        6636800.56000000
        0.781736094305
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LiveRamp Holdings, Inc.
        254900GXS75LG1X7RF88
        LiveRamp Holdings, Inc.
        53815P108
        
          
        
        88900.00000000
        NS
        USD
        3323971.00000000
        0.391524211648
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMERCO
        5493003WIDMLDHYC6Y24
        AMERCO
        023586100
        
          
        
        11222.00000000
        NS
        USD
        6698860.68000000
        0.789046037610
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Voya Financial, Inc.
        549300T065Z4KJ686G75
        Voya Financial, Inc.
        929089100
        
          
        
        109861.00000000
        NS
        USD
        7289277.35000000
        0.858590092377
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Apellis Pharmaceuticals, Inc.
        254900HS0ZFRXXSB9D42
        Apellis Pharmaceuticals, Inc.
        03753U106
        
          
        
        159856.00000000
        NS
        USD
        8122283.36000000
        0.956708283349
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AerCap Holdings NV
        549300SZYINBBLJQU475
        AerCap Holdings NV
        N/A
        
          
        
        123802.00000000
        NS
        USD
        6224764.56000000
        0.733203158828
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Q2 Holdings, Inc.
        549300M9RKR9DZXWS696
        Q2 Holdings, Inc.
        74736L109
        
          
        
        63529.00000000
        NS
        USD
        3916562.85000000
        0.461324476723
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Leidos Holdings, Inc.
        549300IUTGTP6EJP8124
        Leidos Holdings, Inc.
        525327102
        
          
        
        82765.00000000
        NS
        USD
        8940275.30000000
        1.053057995619
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Targa Resources Corp.
        5493003QENHHS261UR94
        Targa Resources Corp.
        87612G101
        
          
        
        76844.00000000
        NS
        USD
        5799416.68000000
        0.683102242366
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alleghany Corp.
        549300DCJE6AYX159479
        Alleghany Corp.
        017175100
        
          
        
        13355.00000000
        NS
        USD
        11311685.00000000
        1.332381826449
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Silgan Holdings, Inc.
        KAF673KJXD92C8KSLU49
        Silgan Holdings, Inc.
        827048109
        
          
        
        127809.00000000
        NS
        USD
        5908610.07000000
        0.695963923751
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hyatt Hotels Corp.
        T27JQIMTYSH41TCD5186
        Hyatt Hotels Corp., Class A
        448579102
        
          
        
        39718.00000000
        NS
        USD
        3791083.10000000
        0.446544456020
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FMC Corp.
        CKDHZ2X64EEBQCSP7013
        FMC Corp.
        302491303
        
          
        
        84402.00000000
        NS
        USD
        11104771.14000000
        1.308009837068
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STORE Capital Corp.
        5493004EA6C9IHDZ7N66
        STORE Capital Corp.
        862121100
        
          
        
        153598.00000000
        NS
        USD
        4489669.54000000
        0.528829621922
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        M&T Bank Corp.
        549300WYXDDBYRASEG81
        M&T Bank Corp.
        55261F104
        
          
        
        46881.00000000
        NS
        USD
        7946329.50000000
        0.935983013386
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Cable One, Inc.
        549300648QS85T0XSH18
        Cable One, Inc.
        12685J105
        
          
        
        5896.00000000
        NS
        USD
        8633159.04000000
        1.016883356435
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chewy, Inc.
        N/A
        Chewy, Inc., Class A
        16679L109
        
          
        
        104340.00000000
        NS
        USD
        4254985.20000000
        0.501186600607
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          
        
      
      
        Olo, Inc.
        N/A
        Olo, Inc., Class A
        68134L109
        
          
        
        148290.00000000
        NS
        USD
        1964842.50000000
        0.231435054886
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Roku, Inc.
        549300KR6ITU0YIR1T71
        Roku, Inc.
        77543R102
        
          
        
        25861.00000000
        NS
        USD
        3239607.47000000
        0.381587192169
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Kemper Corp.
        549300FNI1JKTRY2PV09
        Kemper Corp.
        488401100
        
          
        
        93301.00000000
        NS
        USD
        5275238.54000000
        0.621360297858
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2022-04-30
      MAINSTAY VP FUNDS TRUST
      Jack Benintende
      Jack Benintende
      Treasurer
    
  
  XXXX




MainStay VP Balanced Portfolio
Portfolio of Investments March 31, 2022 (Unaudited)
  Principal
Amount
Value
Long-Term Bonds 32.6%
Asset-Backed Securities 2.8%
Other Asset-Backed Securities 2.8% 
AIG CLO LLC  
Series 2020-1A, Class AR                       
1.401% (3 Month LIBOR + 1.16%), due 4/15/34 (a)(b) $      600,000 $     592,231
Apidos CLO XXX  
Series XXXA, Class A2                       
1.841% (3 Month LIBOR + 1.60%), due 10/18/31 (a)(b)     650,000      642,023
Apidos CLO XXXII  
Series 2019-32A, Class A1    
1.574% (3 Month LIBOR + 1.32%), due 1/20/33 (a)(b) 500,000 497,674
ARES L CLO Ltd.  
Series 2018-50A, Class AR    
1.291% (3 Month LIBOR + 1.05%), due 1/15/32 (a)(b) 700,000 694,920
ARES XXXVIII CLO Ltd.  
Series 2015-38A, Class BR    
1.654% (3 Month LIBOR + 1.40%), due 4/20/30 (a)(b) 400,000 392,990
CAL Funding IV Ltd.  
Series 2020-1A, Class A    
2.22%, due 9/25/45 (a) 654,375 608,324
Carlyle Global Market Strategies CLO Ltd.  
Series 2013-3A, Class A2R    
1.641% (3 Month LIBOR + 1.40%), due 10/15/30 (a)(b) 800,000 788,334
Carlyle US CLO Ltd.  
Series 2021-5A, Class B    
1.854% (3 Month LIBOR + 1.60%), due 7/20/34 (a)(b) 500,000 495,027
Cedar Funding XII CLO Ltd.  
Series 2020-12A, Class A1R    
1.388% (3 Month LIBOR + 1.13%), due 10/25/34 (a)(b) 500,000 494,853
ELFI Graduate Loan Program LLC  
Series 2021-A, Class A    
1.53%, due 12/26/46 (a) 348,137 326,916
Global SC Finance VII SRL  
Series 2021-2A, Class A    
1.95%, due 8/17/41 (a) 468,625 437,255
Neuberger Berman Loan Advisers CLO 35 Ltd.  
Series 2019-35A, Class A1    
1.588% (3 Month LIBOR + 1.34%), due 1/19/33 (a)(b) 600,000 598,821
Neuberger Berman Loan Advisers CLO 37 Ltd.  
Series 2020-37A, Class BR    
1.704% (3 Month LIBOR + 1.45%), due 7/20/31 (a)(b) 500,000 495,709
Octagon Investment Partners 29 Ltd.  
Series 2016-1A, Class AR    
1.439% (3 Month LIBOR + 1.18%), due 1/24/33 (a)(b) 350,000 346,563
Palmer Square CLO Ltd.  
Series 2015-2A, Class A2R2    
1.804% (3 Month LIBOR + 1.55%), due 7/20/30 (a)(b) 750,000 745,348

  Principal
Amount
Value
Asset-Backed Securities
Other Asset-Backed Securities  
Palmer Square Loan Funding Ltd.  
Series 2021-3A, Class A2                       
1.654% (3 Month LIBOR + 1.40%), due 7/20/29 (a)(b) $      500,000 $     495,473
Regatta XIV Funding Ltd.  
Series 2018-3A, Class A                       
1.448% (3 Month LIBOR + 1.19%), due 10/25/31 (a)(b)     600,000      595,260
Regatta XV Funding Ltd.  
Series 2018-4A, Class A1                       
1.488% (3 Month LIBOR + 1.23%), due 10/25/31 (a)(b) 250,000 248,563
STORE Master Funding LLC  
Series 2021-1A, Class A1    
2.12%, due 6/20/51 (a) 242,836 225,782
THL Credit Wind River CLO Ltd.  
Series 2017-4A, Class A    
1.63% (3 Month LIBOR + 1.15%), due 11/20/30 (a)(b) 250,000 248,984
Tiaa CLO III Ltd.  
Series 2017-2A, Class A    
1.391% (3 Month LIBOR + 1.15%), due 1/16/31 (a)(b) 350,000 346,586
Trestles CLO IV Ltd.  
Series 2021-4A, Class A    
1.425% (3 Month LIBOR + 1.17%), due 7/21/34 (a)(b) 300,000 297,208
Vantage Data Centers LLC  
Series 2020-1A, Class A2    
1.645%, due 9/15/45 (a) 725,000 674,916
Wellfleet CLO Ltd.  
Series 2021-2A, Class A1    
1.441% (3 Month LIBOR + 1.20%), due 7/15/34 (a)(b) 373,333 368,903
Total Asset-Backed Securities
(Cost $11,903,771)
  11,658,663
Corporate Bonds 10.6%
Aerospace & Defense 0.2% 
Boeing Co. (The)    
3.10%, due 5/1/26 240,000 235,803
3.25%, due 2/1/28 325,000 313,070
5.15%, due 5/1/30 375,000 399,922
    948,795
Apparel 0.0%  ‡
Ralph Lauren Corp.    
1.70%, due 6/15/22 (c) 175,000 175,182
Auto Manufacturers 0.9% 
Daimler Finance North America LLC    
2.625%, due 3/10/30 (a) 250,000 231,728
Daimler Trucks Finance North America LLC    
3.65%, due 4/7/27 (a) 550,000 548,906

  Principal
Amount
Value
Corporate Bonds
Auto Manufacturers  
Ford Motor Credit Co. LLC    
3.087%, due 1/9/23 $      425,000 $     425,531
3.664%, due 9/8/24     725,000      716,257
General Motors Financial Co., Inc.    
1.05%, due 3/8/24     200,000      192,486
1.50%, due 6/10/26   1,275,000    1,164,960
Hyundai Capital America (a)    
1.80%, due 1/10/28     225,000      198,709
2.375%, due 10/15/27 375,000 343,322
    3,821,899
Banks 2.1% 
Banco Santander SA    
1.722% (1 Year Treasury Constant Maturity Rate + 0.90%), due 9/14/27 (b) 400,000 361,281
Bank of America Corp.    
2.087%, due 6/14/29 (d) 1,000,000 913,443
BNP Paribas SA    
2.588% (5 Year Treasury Constant Maturity Rate + 2.05%), due 8/12/35 (a)(b) 635,000 551,255
Citigroup, Inc.    
3.20%, due 10/21/26 930,000 922,667
Goldman Sachs Group, Inc. (The)    
2.64%, due 2/24/28 (d) 450,000 430,257
JPMorgan Chase & Co. (d)    
1.578%, due 4/22/27 960,000 894,123
2.963%, due 1/25/33 440,000 414,812
Lloyds Banking Group plc    
0.695% (1 Year Treasury Constant Maturity Rate + 0.55%), due 5/11/24 (b) 430,000 418,844
Morgan Stanley (d)    
1.512%, due 7/20/27 175,000 160,861
2.484%, due 9/16/36 300,000 257,203
Santander UK Group Holdings plc    
2.469%, due 1/11/28 (d) 925,000 860,303
Societe Generale SA    
1.792% (1 Year Treasury Constant Maturity Rate + 1.00%), due 6/9/27 (a)(b) 350,000 315,374
Standard Chartered plc (a)(b)    
0.991% (1 Year Treasury Constant Maturity Rate + 0.78%), due 1/12/25 200,000 191,057
2.608% (1 Year Treasury Constant Maturity Rate + 1.18%), due 1/12/28 275,000 257,097
State Street Corp.    
2.203%, due 2/7/28 (d) 275,000 263,513
Sumitomo Mitsui Trust Bank Ltd.    
1.35%, due 9/16/26 (a) 350,000 320,205
UBS Group AG (a)(b)    
1.364% (1 Year Treasury Constant Maturity Rate + 1.08%), due 1/30/27 475,000 436,381
2.746% (1 Year Treasury Constant Maturity Rate + 1.10%), due 2/11/33 475,000 431,623
    8,400,299

  Principal
Amount
Value
Corporate Bonds
Beverages 0.1% 
Diageo Capital plc    
2.125%, due 4/29/32 $      325,000 $     293,154
Building Materials 0.3% 
Martin Marietta Materials, Inc.    
3.45%, due 6/1/27     425,000      426,318
Owens Corning    
3.95%, due 8/15/29     700,000     712,429
    1,138,747
Chemicals 0.1% 
International Flavors & Fragrances, Inc.    
1.832%, due 10/15/27 (a) 275,000 249,969
LYB International Finance III LLC    
1.25%, due 10/1/25 172,000 159,201
    409,170
Commercial Services 0.2% 
Ashtead Capital, Inc.    
2.45%, due 8/12/31 (a) 450,000 395,980
Global Payments, Inc.    
2.15%, due 1/15/27 325,000 305,037
    701,017
Diversified Financial Services 1.3% 
AerCap Ireland Capital DAC    
3.00%, due 10/29/28 700,000 645,531
Air Lease Corp.    
0.70%, due 2/15/24 1,150,000 1,098,596
Aircastle Ltd.    
2.85%, due 1/26/28 (a) 500,000 449,152
Antares Holdings LP    
3.95%, due 7/15/26 (a) 250,000 233,036
Aviation Capital Group LLC (a)    
1.95%, due 1/30/26 250,000 229,597
1.95%, due 9/20/26 475,000 429,631
Blackstone Holdings Finance Co. LLC    
1.625%, due 8/5/28 (a)(c) 350,000 312,444
BOC Aviation USA Corp.    
1.625%, due 4/29/24 (a) 400,000 384,220
LSEGA Financing plc    
2.00%, due 4/6/28 (a) 1,525,000 1,388,886
Thirax 1 LLC    
0.968%, due 1/14/33 207,452 185,522
    5,356,615

  Principal
Amount
Value
Corporate Bonds
Electric 0.9% 
Commonwealth Edison Co.    
3.10%, due 11/1/24 (c) $      250,000 $     251,173
DTE Energy Co.    
Series F                       
1.05%, due 6/1/25     250,000      233,872
Entergy Arkansas LLC    
3.70%, due 6/1/24     500,000      510,422
Entergy Corp.    
4.00%, due 7/15/22 1,000,000 1,002,655
FirstEnergy Transmission LLC    
4.35%, due 1/15/25 (a) 700,000 703,372
Pinnacle West Capital Corp.    
1.30%, due 6/15/25 625,000 584,646
Tampa Electric Co.    
2.40%, due 3/15/31 225,000 207,312
    3,493,452
Electrical Components & Equipment 0.2% 
Emerson Electric Co.    
1.80%, due 10/15/27 400,000 375,324
2.00%, due 12/21/28 300,000 280,307
    655,631
Electronics 0.1% 
Flex Ltd.    
3.75%, due 2/1/26 275,000 274,966
Entertainment 0.1% 
Magallanes, Inc.    
4.054%, due 3/15/29 (a) 350,000 351,736
Food 0.1% 
Conagra Brands, Inc.    
4.85%, due 11/1/28 450,000 475,938
Forest Products & Paper 0.0%  ‡
Georgia-Pacific LLC    
0.95%, due 5/15/26 (a) 225,000 205,292
Healthcare-Products 0.1% 
Baxter International, Inc.    
2.272%, due 12/1/28 (a) 625,000 578,997

  Principal
Amount
Value
Corporate Bonds
Healthcare-Services 0.3% 
Fresenius Medical Care U.S. Finance III, Inc. (a)    
1.875%, due 12/1/26 $      225,000 $     208,154
2.375%, due 2/16/31   1,025,000     892,116
    1,100,270
Home Builders 0.2% 
MDC Holdings, Inc.    
2.50%, due 1/15/31     225,000      196,458
PulteGroup, Inc.    
5.50%, due 3/1/26 575,000 611,720
    808,178
Insurance 0.4% 
Brighthouse Financial Global Funding    
1.00%, due 4/12/24 (a) 975,000 933,757
Corebridge Financial, Inc.    
3.85%, due 4/5/29 (a) 275,000 274,750
Principal Life Global Funding II    
1.25%, due 8/16/26 (a) 350,000 320,073
    1,528,580
Investment Companies 0.2% 
Blackstone Secured Lending Fund    
2.125%, due 2/15/27 (a) 175,000 155,241
2.75%, due 9/16/26 250,000 232,141
Prospect Capital Corp.    
3.437%, due 10/15/28 475,000 405,630
    793,012
Iron & Steel 0.1% 
Nucor Corp.    
2.00%, due 6/1/25 275,000 266,196
Media 0.1% 
Charter Communications Operating LLC    
2.25%, due 1/15/29 325,000 292,457
Thomson Reuters Corp.    
3.85%, due 9/29/24 300,000 304,425
    596,882
Mining 0.2% 
Anglo American Capital plc (a)    
2.25%, due 3/17/28 525,000 479,467
5.625%, due 4/1/30 400,000 440,877
    920,344
Oil & Gas 0.0%  ‡
Valero Energy Corp.    
2.85%, due 4/15/25 166,000 164,014

  Principal
Amount
Value
Corporate Bonds
Oil & Gas Services 0.2% 
Schlumberger Holdings Corp.    
3.75%, due 5/1/24 (a) $      925,000 $     941,961
Packaging & Containers 0.2% 
WRKCo, Inc.    
3.75%, due 3/15/25     925,000     934,523
Pharmaceuticals 0.3% 
Bayer US Finance II LLC    
4.375%, due 12/15/28 (a)     600,000      613,443
CVS Health Corp.    
1.875%, due 2/28/31 490,000 431,426
Merck & Co., Inc.    
2.15%, due 12/10/31 175,000 161,863
    1,206,732
Pipelines 0.1% 
Texas Eastern Transmission LP    
2.80%, due 10/15/22 (a) 225,000 225,652
Real Estate Investment Trusts 0.7% 
American Campus Communities Operating Partnership LP    
3.30%, due 7/15/26 900,000 894,943
Brixmor Operating Partnership LP    
2.50%, due 8/16/31 150,000 132,487
CubeSmart LP    
2.25%, due 12/15/28 550,000 499,442
Realty Income Corp.    
3.95%, due 8/15/27 890,000 914,257
Simon Property Group LP    
1.75%, due 2/1/28 375,000 341,618
Spirit Realty LP    
2.70%, due 2/15/32 175,000 157,465
    2,940,212
Retail 0.1% 
Advance Auto Parts, Inc.    
1.75%, due 10/1/27 150,000 135,051
Dick's Sporting Goods, Inc.    
3.15%, due 1/15/32 200,000 183,345
    318,396
Semiconductors 0.1% 
Skyworks Solutions, Inc.    
1.80%, due 6/1/26 300,000 278,624

  Principal
Amount
Value
Corporate Bonds
Telecommunications 0.7% 
AT&T, Inc.    
4.35%, due 3/1/29 $      775,000 $     820,119
T-Mobile US, Inc.    
2.55%, due 2/15/31     825,000      748,111
Verizon Communications, Inc.    
2.10%, due 3/22/28     350,000      326,226
3.376%, due 2/15/25       6,000        6,076
4.016%, due 12/3/29     912,000     946,521
    2,847,053
Total Corporate Bonds
(Cost $45,564,704)
  43,151,519
Foreign Government Bond 0.0% ‡
Philippines 0.0%  ‡
Philippines Government Bond    
3.00%, due 2/1/28 200,000 200,801
Total Foreign Government Bond
(Cost $195,328)
  200,801
Mortgage-Backed Securities 0.5%
Commercial Mortgage Loans (Collateralized Mortgage Obligations) 0.5% 
BFLD Trust  
Series 2021-FPM, Class A    
1.997% (1 Month LIBOR + 1.60%), due 6/15/38 (a)(b) 500,000 495,932
Citigroup Commercial Mortgage Trust  
Series 2020-420K, Class A    
2.456%, due 11/10/42 (a)(e) 500,000 463,042
Series 2020-GC46, Class A5    
2.717%, due 2/15/53 500,000 475,483
CSMC WEST Trust  
Series 2020-WEST, Class A    
3.04%, due 2/15/35 (a) 500,000 476,020
Total Mortgage-Backed Securities
(Cost $2,032,914)
  1,910,477
U.S. Government & Federal Agencies 18.7%
Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Securities) 0.7% 
FFCB    
2.03%, due 1/21/28 850,000 825,104
2.13%, due 4/19/34 450,000 410,656
FHLB    
3.00%, due 3/25/27 600,000 597,211
3.125%, due 9/12/25 800,000 814,789
    2,647,760

  Principal
Amount
Value
U.S. Government & Federal Agencies
United States Treasury Notes 18.0% 
U.S. Treasury Notes    
1.75%, due 3/15/25 $   25,145,000 $  24,612,633
1.875%, due 2/15/32 (c)   9,485,000    9,108,564
2.25%, due 3/31/24   6,000,000    5,991,797
2.375%, due 3/31/29 10,100,000   10,070,015
2.50%, due 3/31/23   7,300,000    7,355,891
2.50%, due 3/31/27 16,400,000  16,435,875
    73,574,775
Total U.S. Government & Federal Agencies
(Cost $76,865,041)
  76,222,535
Total Long-Term Bonds
(Cost $136,561,758)
  133,143,995
 
  Shares  
Common Stocks 58.3%
Aerospace & Defense 3.7% 
General Dynamics Corp.     14,902    3,594,064
L3Harris Technologies, Inc.     16,090    3,997,882
Northrop Grumman Corp. 7,230 3,233,401
Raytheon Technologies Corp. 43,318 4,291,514
    15,116,861
Auto Components 0.7% 
Gentex Corp. 102,262 2,982,983
Banks 4.5% 
JPMorgan Chase & Co. 54,696 7,456,159
M&T Bank Corp. 26,190 4,439,205
PNC Financial Services Group, Inc. (The) 17,013 3,138,048
Truist Financial Corp. 55,652 3,155,468
    18,188,880
Beverages 0.7% 
Keurig Dr Pepper, Inc. 80,876 3,065,200
Building Products 1.3% 
Fortune Brands Home & Security, Inc. 25,766 1,913,898
Johnson Controls International plc 54,519 3,574,811
    5,488,709
Capital Markets 2.8% 
ARES Management Corp. 40,596 3,297,613
LPL Financial Holdings, Inc. 20,413 3,729,047
Morgan Stanley 48,225 4,214,865
    11,241,525

  Shares Value
Common Stocks
Chemicals 0.5% 
Axalta Coating Systems Ltd. (f)     88,219 $   2,168,423
Communications Equipment 2.4% 
Cisco Systems, Inc.    115,377    6,433,422
F5, Inc. (f)     16,273   3,400,243
    9,833,665
Containers & Packaging 0.6% 
Sealed Air Corp.     37,252   2,494,394
Electric Utilities 1.8% 
Duke Energy Corp.     31,616    3,530,243
Exelon Corp.     77,988   3,714,568
    7,244,811
Electrical Equipment 0.7% 
Hubbell, Inc.     14,581   2,679,550
Electronic Equipment, Instruments & Components 0.8% 
Corning, Inc.     85,583   3,158,869
Entertainment 0.8% 
Electronic Arts, Inc. 26,500 3,352,515
Equity Real Estate Investment Trusts 2.4% 
Gaming and Leisure Properties, Inc. 73,702 3,458,835
Host Hotels & Resorts, Inc. 175,248 3,405,069
Welltower, Inc. 30,946 2,975,148
    9,839,052
Food Products 0.8% 
Mondelez International, Inc., Class A 54,710 3,434,694
Health Care Equipment & Supplies 2.5% 
Becton Dickinson and Co. 13,244 3,522,904
Boston Scientific Corp. (f) 70,490 3,122,002
Medtronic plc 33,924 3,763,868
    10,408,774
Health Care Providers & Services 4.6% 
Anthem, Inc. 11,666 5,730,572
Centene Corp. (f) 47,866 4,029,839
UnitedHealth Group, Inc. 17,319 8,832,170
    18,592,581
Household Durables 0.5% 
Lennar Corp., Class A 24,472 1,986,392

  Shares Value
Common Stocks
Insurance 4.1% 
Assurant, Inc.     17,364 $   3,157,296
Chubb Ltd.     22,747    4,865,583
MetLife, Inc.     73,516    5,166,705
Progressive Corp. (The)     29,433   3,355,068
    16,544,652
Interactive Media & Services 1.3% 
Alphabet, Inc., Class C (f)      1,929   5,387,678
IT Services 1.4% 
Amdocs Ltd.     31,593    2,597,261
Global Payments, Inc.     23,080   3,158,267
    5,755,528
Machinery 0.7% 
Middleby Corp. (The) (f)     16,845   2,761,569
Media 2.1% 
Comcast Corp., Class A    120,703    5,651,315
Omnicom Group, Inc.     36,798   3,123,414
    8,774,729
Multi-Utilities 2.0% 
Dominion Energy, Inc. 43,364 3,684,639
Sempra Energy 25,769 4,332,284
    8,016,923
Oil, Gas & Consumable Fuels 3.3% 
ConocoPhillips 52,988 5,298,800
Phillips 66 41,009 3,542,768
Pioneer Natural Resources Co. 18,674 4,669,060
    13,510,628
Pharmaceuticals 5.7% 
AstraZeneca plc, Sponsored ADR 51,691 3,429,181
Eli Lilly and Co. 18,410 5,272,072
Merck & Co., Inc. 56,902 4,668,809
Pfizer, Inc. 140,211 7,258,724
Roche Holding AG 7,034 2,781,773
    23,410,559
Real Estate Management & Development 0.6% 
CBRE Group, Inc., Class A (f) 26,732 2,446,513
Road & Rail 0.5% 
Knight-Swift Transportation Holdings, Inc. 40,858 2,061,695

  Shares   Value
Common Stocks
Semiconductors & Semiconductor Equipment 2.4% 
Analog Devices, Inc.     22,241   $   3,673,768
Micron Technology, Inc.     39,176      3,051,419
Qorvo, Inc. (f)     24,250     3,009,425
      9,734,612
Software 0.4% 
VMware, Inc., Class A     14,373     1,636,653
Specialty Retail 1.7% 
Home Depot, Inc. (The)      7,653      2,290,773
TJX Cos., Inc. (The)     40,768      2,469,725
Victoria's Secret & Co. (f)     40,143     2,061,744
      6,822,242
Total Common Stocks
(Cost $210,033,747)
    238,141,859
Exchange-Traded Funds 6.0%
iShares iBoxx $ Investment Grade Corporate Bond ETF     34,263      4,143,767
iShares Intermediate Government/Credit Bond ETF     75,859      8,232,977
iShares Russell 1000 Value ETF     72,908    12,101,270
Total Exchange-Traded Funds
(Cost $24,764,300)
    24,478,014
Short-Term Investments 1.1%
Affiliated Investment Company 1.0% 
MainStay U.S. Government Liquidity Fund, 0.01% (g) 4,060,964   4,060,964
Unaffiliated Investment Company 0.1% 
Wells Fargo Government Money Market Fund, 0.195% (g)(h) 238,863   238,863
Total Short-Term Investments
(Cost $4,299,827)
    4,299,827
Total Investments
(Cost $375,659,632)
98.0%   400,063,695
Other Assets, Less Liabilities 2.0   8,143,070
Net Assets 100.0%   $ 408,206,765
    
Percentages indicated are based on Portfolio net assets.
Less than one-tenth of a percent.
(a) May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
(b) Floating rate—Rate shown was the rate in effect as of March 31, 2022.

(c) All or a portion of this security was held on loan. As of March 31, 2022, the aggregate market value of securities on loan was $493,017; the total market value of collateral held by the Portfolio was $505,189. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $266,326. The Portfolio received cash collateral with a value of $238,863.  
(d) Fixed to floating rate—Rate shown was the rate in effect as of March 31, 2022.
(e) Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of March 31, 2022.
(f) Non-income producing security.
(g) Current yield as of March 31, 2022.
(h) Represents a security purchased with cash collateral received for securities on loan.
Futures Contracts
As of March 31, 2022, the Portfolio held the following futures contracts1:
Type Number of
Contracts
Expiration
Date
Value at
Trade Date
Current
Notional
Amount
Unrealized
Appreciation
(Depreciation)2
Long Contracts          
U.S. Treasury 2 Year Notes 61 June 2022  $ 12,911,130  $ 12,927,234  $ 16,104
U.S. Treasury 10 Year Notes 18 June 2022   2,267,672   2,211,750  (55,922)
Total Long Contracts         (39,818)
Short Contracts          
U.S. Treasury 5 Year Notes (17) June 2022   (1,986,401)   (1,949,687)  36,714
U.S. Treasury 10 Year Ultra Bonds (27) June 2022   (3,643,814)   (3,657,656)  (13,842)
U.S. Treasury Long Bonds (5) June 2022     (755,070)     (750,313)   4,757
U.S. Treasury Ultra Bonds (3) June 2022     (531,744)     (531,375)     369
Total Short Contracts         27,998
Net Unrealized Depreciation         $ (11,820)
    
1. As of March 31, 2022, cash in the amount of $103,500 was on deposit with a broker or futures commission merchant for futures transactions.
2. Represents the difference between the value of the contracts at the time they were opened and the value as of March 31, 2022.
    
Abbreviation(s):
ADR—American Depositary Receipt
CLO—Collateralized Loan Obligation
ETF—Exchange-Traded Fund
FFCB—Federal Farm Credit Bank
FHLB—Federal Home Loan Bank
LIBOR—London Interbank Offered Rate

The following is a summary of the fair valuations according to the inputs used as of March 31, 2022, for valuing the Portfolio’s assets and liabilities:
Description Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
  Significant
Other
Observable
Inputs
(Level 2)
  Significant
Unobservable
Inputs
(Level 3)
  Total
Asset Valuation Inputs              
Investments in Securities (a)              
Long-Term Bonds              
Asset-Backed Securities           $ —     $ 11,658,663   $ —     $ 11,658,663
Corporate Bonds           —     43,151,519       43,151,519
Foreign Government Bond           —        200,801          200,801
Mortgage-Backed Securities           —      1,910,477        1,910,477
U.S. Government & Federal Agencies           —     76,222,535       76,222,535
Total Long-Term Bonds   133,143,995     133,143,995
Common Stocks              
Pharmaceuticals   20,628,786      2,781,773       23,410,559
All Other Industries  214,731,300             —      214,731,300
Total Common Stocks 235,360,086   2,781,773     238,141,859
Exchange-Traded Funds   24,478,014             —       24,478,014
Short-Term Investments              
Affiliated Investment Company    4,060,964             —        4,060,964
Unaffiliated Investment Company      238,863             —          238,863
Total Short-Term Investments 4,299,827       4,299,827
Total Investments in Securities 264,137,927   135,925,768     400,063,695
Other Financial Instruments              
Futures Contracts (b)       57,944             —           57,944
Total Investments in Securities and Other Financial Instruments $ 264,195,871   $ 135,925,768   $ —   $ 400,121,639
Liability Valuation Inputs              
Other Financial Instruments              
Futures Contracts (b)       $ (69,764)             $ —   $ —         $ (69,764)
    
(a) For a complete listing of investments and their industries, see the Portfolio of Investments.
(b) The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments.

MainStay VP Bond Portfolio
Portfolio of Investments March 31, 2022 (Unaudited)
  Principal
Amount
Value
Long-Term Bonds 97.5%
Asset-Backed Securities 16.9%
Automobile Asset-Backed Security 0.3% 
Hertz Vehicle Financing III LLC  
Series 2022-3A, Class B                       
3.86%, due 3/25/25 (a) $    2,500,000 $   2,501,172
Home Equity Asset-Backed Securities 0.1% 
Chase Funding Trust  
Series 2002-2, Class 1A5                       
6.333%, due 4/25/32 (b)      34,228       34,374
J.P. Morgan Mortgage Acquisition Trust  
Series 2007-CH2, Class AF3    
5.552%, due 10/25/30 (b) 448,500 292,108
Morgan Stanley Mortgage Loan Trust  
Series 2006-17XS, Class A3A    
6.151%, due 10/25/46 (b) 814,684 321,732
    648,214
Other Asset-Backed Securities 16.5% 
522 Funding CLO Ltd.  
Series 2019-4A, Class BR    
1.854% (3 Month LIBOR + 1.60%), due 4/20/30 (a)(c) 3,000,000 2,965,917
Aligned Data Centers Issuer LLC  
Series 2021-1A, Class A2    
1.937%, due 8/15/46 (a) 3,000,000 2,763,033
Apidos CLO XXXII  
Series 2019-32A, Class A1    
1.574% (3 Month LIBOR + 1.32%), due 1/20/33 (a)(c) 2,200,000 2,189,768
ARES L CLO Ltd.  
Series 2018-50A, Class BR    
1.841% (3 Month LIBOR + 1.60%), due 1/15/32 (a)(c) 2,000,000 1,989,976
ARES XXXIV CLO Ltd.  
Series 2015-2A, Class AR2    
1.491% (3 Month LIBOR + 1.25%), due 4/17/33 (a)(c) 2,000,000 1,987,322
ARES XXXVIII CLO Ltd.  
Series 2015-38A, Class BR    
1.654% (3 Month LIBOR + 1.40%), due 4/20/30 (a)(c) 2,000,000 1,964,948
Battalion CLO 17 Ltd.  
Series 2021-17A, Class A1    
1.514% (3 Month LIBOR + 1.26%), due 3/9/34 (a)(c) 3,000,000 2,989,572
Battalion CLO Ltd.  
Series 2021-21A, Class B    
1.991% (3 Month LIBOR + 1.75%), due 7/15/34 (a)(c) 2,000,000 1,980,324
Beacon Container Finance II LLC  
Series 2021-1A, Class A    
2.25%, due 10/22/46 (a) 2,552,707 2,394,788
CAL Funding IV Ltd.  
Series 2020-1A, Class A    
2.22%, due 9/25/45 (a) 4,580,625 4,258,265

  Principal
Amount
Value
Asset-Backed Securities
Other Asset-Backed Securities  
Carlyle US CLO Ltd. (a)(c)  
Series 2021-5A, Class B                       
1.854% (3 Month LIBOR + 1.60%), due 7/20/34 $    3,000,000 $   2,970,162
Series 2019-2A, Class A2R                       
1.891% (3 Month LIBOR + 1.65%), due 7/15/32   2,500,000    2,481,060
CARS-DB5 LP  
Series 2021-1A, Class A3                       
1.92%, due 8/15/51 (a)   2,500,000    2,329,690
Cedar Funding XII CLO Ltd.  
Series 2020-12A, Class A1R    
1.388% (3 Month LIBOR + 1.13%), due 10/25/34 (a)(c) 2,500,000 2,474,268
College Avenue Student Loans LLC (a)  
Series 2021-A, Class A2    
1.60%, due 7/25/51 2,564,010 2,368,928
Series 2021-B, Class B    
1.76%, due 6/25/52 2,818,473 2,604,402
Series 2021-C, Class A2    
2.32%, due 7/26/55 2,990,032 2,815,415
Cook Park CLO Ltd.  
Series 2018-1A, Class B    
1.641% (3 Month LIBOR + 1.40%), due 4/17/30 (a)(c) 3,000,000 2,965,668
DB Master Finance LLC  
Series 2021-1A, Class A2II    
2.493%, due 11/20/51 (a) 3,739,627 3,371,356
Dewolf Park CLO Ltd.  
Series 2017-1A, Class BR    
1.691% (3 Month LIBOR + 1.45%), due 10/15/30 (a)(c) 3,000,000 2,983,245
Dryden 87 CLO Ltd.  
Series 2021-87A, Class B    
2.03% (3 Month LIBOR + 1.55%), due 5/20/34 (a)(c) 3,000,000 2,960,307
Galaxy XXI CLO Ltd.  
Series 2015-21A, Class BR    
1.604% (3 Month LIBOR + 1.35%), due 4/20/31 (a)(c) 1,500,000 1,470,798
Global SC Finance VII SRL  
Series 2021-2A, Class A    
1.95%, due 8/17/41 (a) 3,186,648 2,973,333
Grippen Park CLO Ltd.  
Series 2017-1A, Class B    
1.904% (3 Month LIBOR + 1.65%), due 1/20/30 (a)(c) 750,000 745,787
Hotwire Funding LLC  
Series 2021-1, Class A2    
2.311%, due 11/20/51 (a) 2,600,000 2,428,597
Invesco CLO Ltd.  
Series 2021-2A, Class A    
1.361% (3 Month LIBOR + 1.12%), due 7/15/34 (a)(c) 2,000,000 1,976,680
Jersey Mike's Funding  
Series 2021-1A, Class A2I    
2.891%, due 2/15/52 (a) 2,500,000 2,354,068

  Principal
Amount
Value
Asset-Backed Securities
Other Asset-Backed Securities  
Lunar Structured Aircraft Portfolio Notes  
Series 2021-1, Class A                       
2.636%, due 10/15/46 (a) $    2,579,004 $   2,361,938
Neuberger Berman CLO XIV Ltd.  
Series 2013-14A, Class BR2                       
1.778% (3 Month LIBOR + 1.50%), due 1/28/30 (a)(c)   1,000,000      994,203
Neuberger Berman Loan Advisers CLO 24 Ltd.  
Series 2017-24A, Class BR                       
1.748% (3 Month LIBOR + 1.50%), due 4/19/30 (a)(c) 1,000,000 989,875
Neuberger Berman Loan Advisers CLO 33 Ltd.  
Series 2019-33A, Class BR    
1.841% (3 Month LIBOR + 1.60%), due 10/16/33 (a)(c) 3,000,000 2,980,347
Neuberger Berman Loan Advisers CLO 35 Ltd.  
Series 2019-35A, Class A1    
1.588% (3 Month LIBOR + 1.34%), due 1/19/33 (a)(c) 3,000,000 2,994,105
Oak Street Investment Grade Net Lease Fund  
Series 2021-2A, Class A1    
2.38%, due 11/20/51 (a) 2,386,297 2,300,373
Oaktree CLO Ltd. (a)(c)  
Series 2021-2A, Class A    
1.278% (3 Month LIBOR + 1.18%), due 1/15/35 3,000,000 2,969,745
Series 2015-1A, Class A2BR    
1.604% (3 Month LIBOR + 1.35%), due 10/20/27 1,000,000 998,293
Series 2020-1A, Class BR    
1.891% (3 Month LIBOR + 1.65%), due 7/15/34 2,000,000 1,973,368
Octagon Investment Partners 29 Ltd.  
Series 2016-1A, Class AR    
1.439% (3 Month LIBOR + 1.18%), due 1/24/33 (a)(c) 1,200,000 1,188,216
Palmer Square CLO Ltd. (a)(c)  
Series 2015-2A, Class A2R2    
1.804% (3 Month LIBOR + 1.55%), due 7/20/30 2,000,000 1,987,596
Series 2020-3A, Class A2R    
2.106% (3 Month LIBOR + 1.60%), due 11/15/31 2,200,000 2,180,600
Palmer Square Loan Funding Ltd.  
Series 2021-3A, Class A2    
1.654% (3 Month LIBOR + 1.40%), due 7/20/29 (a)(c) 2,500,000 2,477,365
Park Avenue Institutional Advisers CLO Ltd.  
Series 2021-1A, Class A1A    
1.644% (3 Month LIBOR + 1.39%), due 1/20/34 (a)(c) 2,000,000 1,987,456
Rad CLO 10 Ltd.  
Series 2021-10A, Class A    
1.429% (3 Month LIBOR + 1.17%), due 4/23/34 (a)(c) 2,000,000 1,987,898
Regatta XIV Funding Ltd.  
Series 2018-3A, Class A    
1.448% (3 Month LIBOR + 1.19%), due 10/25/31 (a)(c) 2,000,000 1,984,200
Shackleton CLO Ltd. (a)(c)  
Series 2019-15A, Class AR    
1.441% (3 Month LIBOR + 1.20%), due 1/15/32 2,000,000 1,978,148

  Principal
Amount
Value
Asset-Backed Securities
Other Asset-Backed Securities  
Shackleton CLO Ltd. (a)(c)  
Series 2019-14A, Class A1R                       
1.454% (3 Month LIBOR + 1.20%), due 7/20/34 $    1,000,000 $     990,601
Slam Ltd.  
Series 2021-1A, Class A                       
2.434%, due 6/15/46 (a)   4,082,127    3,737,186
SMB Private Education Loan Trust  
Series 2021-A, Class B                       
2.31%, due 1/15/53 (a) 3,250,000 3,035,220
Stack Infrastructure Issuer LLC  
Series 2021-1A, Class A2    
1.877%, due 3/26/46 (a) 2,500,000 2,294,668
STORE Master Funding LLC  
Series 2021-1A, Class A1    
2.12%, due 6/20/51 (a) 1,424,637 1,324,588
THL Credit Wind River CLO Ltd.  
Series 2017-4A, Class A    
1.63% (3 Month LIBOR + 1.15%), due 11/20/30 (a)(c) 2,243,000 2,233,884
Tiaa CLO III Ltd.  
Series 2017-2A, Class A    
1.391% (3 Month LIBOR + 1.15%), due 1/16/31 (a)(c) 2,400,000 2,376,590
TICP CLO XV Ltd.  
Series 2020-15A, Class A    
1.534% (3 Month LIBOR + 1.28%), due 4/20/33 (a)(c) 2,000,000 1,987,202
Trestles CLO IV Ltd.  
Series 2021-4A, Class A    
1.425% (3 Month LIBOR + 1.17%), due 7/21/34 (a)(c) 2,300,000 2,278,599
Voya CLO Ltd. (a)(c)  
Series 2021-2A, Class B    
1.727% (3 Month LIBOR + 1.60%), due 10/20/34 2,500,000 2,457,470
Series 2019-1A, Class BR    
1.791% (3 Month LIBOR + 1.55%), due 4/15/31 2,000,000 1,958,304
Series 2019-3A, Class BR    
1.891% (3 Month LIBOR + 1.65%), due 10/17/32 2,200,000 2,168,558
Wellfleet CLO Ltd. (a)(c)  
Series 2021-3A, Class A    
1.30% (3 Month LIBOR + 1.19%), due 1/15/35 2,200,000 2,169,466
Series 2021-2A, Class A1    
1.441% (3 Month LIBOR + 1.20%), due 7/15/34 2,520,000 2,490,098
    133,593,837
Total Asset-Backed Securities
(Cost $141,533,483)
  136,743,223
Corporate Bonds 34.8%
Aerospace & Defense 1.0% 
Boeing Co. (The)    
3.10%, due 5/1/26 1,925,000 1,891,334

  Principal
Amount
Value
Corporate Bonds
Aerospace & Defense  
Boeing Co. (The)    
3.25%, due 2/1/28 $    1,825,000 $   1,758,010
5.15%, due 5/1/30   4,475,000   4,772,399
    8,421,743
Auto Manufacturers 2.5% 
Daimler Finance North America LLC    
2.625%, due 3/10/30 (a)   3,495,000    3,239,563
Daimler Trucks Finance North America LLC    
3.65%, due 4/7/27 (a) 3,500,000 3,493,035
Ford Motor Credit Co. LLC    
3.087%, due 1/9/23 825,000 826,031
3.664%, due 9/8/24 1,800,000 1,778,292
General Motors Co.    
5.15%, due 4/1/38 1,500,000 1,523,826
General Motors Financial Co., Inc.    
1.05%, due 3/8/24 3,253,000 3,130,786
Hyundai Capital America (a)    
1.80%, due 1/10/28 875,000 772,755
2.375%, due 10/15/27 1,525,000 1,396,177
Volkswagen Group of America Finance LLC    
3.35%, due 5/13/25 (a) 4,225,000 4,211,738
    20,372,203
Auto Parts & Equipment 0.3% 
Aptiv plc    
4.15%, due 5/1/52 2,370,000 2,222,546
Banks 5.3% 
Banco Santander SA    
1.722% (1 Year Treasury Constant Maturity Rate + 0.90%), due 9/14/27 (c) 2,000,000 1,806,403
4.25%, due 4/11/27 1,800,000 1,818,373
Bank of America Corp.    
2.087%, due 6/14/29 (d) 2,000,000 1,826,887
Citigroup, Inc.    
3.20%, due 10/21/26 1,500,000 1,488,173
4.75%, due 5/18/46 1,975,000 2,113,852
Goldman Sachs Group, Inc. (The) (d)    
2.65%, due 10/21/32 375,000 339,024
3.102%, due 2/24/33 1,950,000 1,838,045
HSBC Holdings plc    
2.251%, due 11/22/27 (d) 1,650,000 1,537,365
JPMorgan Chase & Co. (d)    
1.578%, due 4/22/27 3,555,000 3,311,049
2.963%, due 1/25/33 3,170,000 2,988,528
Morgan Stanley (d)    
1.512%, due 7/20/27 2,300,000 2,114,168
2.484%, due 9/16/36 1,925,000 1,650,387

  Principal
Amount
Value
Corporate Bonds
Banks  
Morgan Stanley (d)    
2.511%, due 10/20/32 $    1,050,000 $     946,406
2.943%, due 1/21/33   1,975,000    1,852,033
Santander UK Group Holdings plc    
2.469%, due 1/11/28 (d)   1,675,000    1,557,846
Societe Generale SA (a)    
1.792% (1 Year Treasury Constant Maturity Rate + 1.00%), due 6/9/27 (c)   2,075,000    1,869,720
3.625%, due 3/1/41   2,000,000    1,670,861
Standard Chartered plc (a)(c)    
0.991% (1 Year Treasury Constant Maturity Rate + 0.78%), due 1/12/25 2,100,000 2,006,095
2.608% (1 Year Treasury Constant Maturity Rate + 1.18%), due 1/12/28 1,525,000 1,425,718
Sumitomo Mitsui Trust Bank Ltd.    
1.35%, due 9/16/26 (a) 2,000,000 1,829,743
UBS Group AG (a)(c)    
1.364% (1 Year Treasury Constant Maturity Rate + 1.08%), due 1/30/27 2,825,000 2,595,318
2.746% (1 Year Treasury Constant Maturity Rate + 1.10%), due 2/11/33 2,500,000 2,271,699
Westpac Banking Corp.    
3.133%, due 11/18/41 2,775,000 2,381,492
    43,239,185
Beverages 0.4% 
Anheuser-Busch InBev Worldwide, Inc.    
4.60%, due 4/15/48 2,000,000 2,158,548
Diageo Capital plc    
2.125%, due 4/29/32 1,150,000 1,037,313
    3,195,861
Building Materials 1.4% 
Carrier Global Corp.    
3.577%, due 4/5/50 3,575,000 3,271,305
Martin Marietta Materials, Inc.    
3.45%, due 6/1/27 1,825,000 1,830,657
Masco Corp.    
4.50%, due 5/15/47 3,000,000 3,097,019
Owens Corning    
3.95%, due 8/15/29 3,378,000 3,437,980
    11,636,961
Chemicals 0.3% 
International Flavors & Fragrances, Inc.    
1.832%, due 10/15/27 (a) 1,600,000 1,454,363
LYB International Finance III LLC    
1.25%, due 10/1/25 908,000 840,435
    2,294,798
Commercial Services 0.5% 
Ashtead Capital, Inc.    
2.45%, due 8/12/31 (a) 2,850,000 2,507,875

  Principal
Amount
Value
Corporate Bonds
Commercial Services  
Global Payments, Inc.    
2.15%, due 1/15/27 $    2,000,000 $   1,877,151
    4,385,026
Diversified Financial Services 3.4% 
AerCap Ireland Capital DAC    
3.00%, due 10/29/28   4,600,000    4,242,061
Air Lease Corp.    
0.70%, due 2/15/24   1,575,000    1,504,599
0.80%, due 8/18/24 2,800,000 2,636,988
1.875%, due 8/15/26 2,125,000 1,957,572
Aircastle Ltd.    
2.85%, due 1/26/28 (a) 4,325,000 3,885,168
Antares Holdings LP (a)    
2.75%, due 1/15/27 650,000 571,277
3.75%, due 7/15/27 1,075,000 991,731
3.95%, due 7/15/26 1,600,000 1,491,431
Aviation Capital Group LLC (a)    
1.95%, due 1/30/26 1,525,000 1,400,541
1.95%, due 9/20/26 3,525,000 3,188,315
Blackstone Holdings Finance Co. LLC    
1.625%, due 8/5/28 (a) 2,250,000 2,008,569
BOC Aviation USA Corp.    
1.625%, due 4/29/24 (a) 2,325,000 2,233,279
Thirax 1 LLC    
0.968%, due 1/14/33 1,659,615 1,484,173
    27,595,704
Electric 3.2% 
Appalachian Power Co.    
6.375%, due 4/1/36 1,750,000 2,086,900
Arizona Public Service Co.    
5.50%, due 9/1/35 1,275,000 1,391,955
Dayton Power & Light Co. (The)    
3.95%, due 6/15/49 1,025,000 1,006,266
DTE Energy Co.    
Series F    
1.05%, due 6/1/25 1,300,000 1,216,134
Entergy Mississippi LLC    
3.85%, due 6/1/49 2,500,000 2,479,564
FirstEnergy Transmission LLC    
4.35%, due 1/15/25 (a) 3,455,000 3,471,646
Niagara Mohawk Power Corp.    
3.025%, due 6/27/50 (a) 1,850,000 1,487,215
Ohio Edison Co.    
6.875%, due 7/15/36 2,500,000 3,230,222
Pinnacle West Capital Corp.    
1.30%, due 6/15/25 3,100,000 2,899,845

  Principal
Amount
Value
Corporate Bonds
Electric  
Southern California Edison Co.    
1.10%, due 4/1/24 $    2,275,000 $   2,195,353
Series 20C                       
1.20%, due 2/1/26   1,800,000    1,655,334
Tennessee Valley Authority    
5.25%, due 9/15/39   2,000,000   2,529,873
    25,650,307
Electronics 0.4% 
Flex Ltd.    
3.75%, due 2/1/26 3,400,000 3,399,585
Entertainment 0.8% 
Magallanes, Inc. (a)    
4.054%, due 3/15/29 1,950,000 1,959,671
5.05%, due 3/15/42 4,050,000 4,131,123
    6,090,794
Food 0.2% 
Bimbo Bakeries USA, Inc.    
4.00%, due 5/17/51 (a) 1,325,000 1,236,388
Gas 0.2% 
NiSource, Inc.    
5.65%, due 2/1/45 1,125,000 1,275,075
Healthcare-Products 0.5% 
Baxter International, Inc.    
2.272%, due 12/1/28 (a) 4,425,000 4,099,296
Healthcare-Services 0.6% 
Fresenius Medical Care U.S. Finance III, Inc. (a)    
1.875%, due 12/1/26 1,400,000 1,295,179
2.375%, due 2/16/31 4,270,000 3,716,427
    5,011,606
Home Builders 0.2% 
MDC Holdings, Inc.    
2.50%, due 1/15/31 1,450,000 1,266,065
Home Furnishings 0.3% 
Leggett & Platt, Inc.    
3.50%, due 11/15/51 2,750,000 2,429,112

  Principal
Amount
Value
Corporate Bonds
Insurance 1.2% 
Brighthouse Financial Global Funding    
1.00%, due 4/12/24 (a) $    3,975,000 $   3,806,857
Corebridge Financial, Inc. (a)    
3.85%, due 4/5/29   1,325,000    1,323,794
4.35%, due 4/5/42   2,750,000    2,749,257
Principal Life Global Funding II    
1.25%, due 8/16/26 (a)   2,250,000   2,057,612
    9,937,520
Investment Companies 0.7% 
Blackstone Secured Lending Fund    
2.125%, due 2/15/27 (a) 1,275,000 1,131,044
2.75%, due 9/16/26 1,925,000 1,787,485
Prospect Capital Corp.    
3.437%, due 10/15/28 3,390,000 2,894,916
    5,813,445
Iron & Steel 0.2% 
Nucor Corp.    
2.00%, due 6/1/25 1,575,000 1,524,575
Media 0.9% 
Charter Communications Operating LLC    
2.25%, due 1/15/29 1,250,000 1,124,835
4.908%, due 7/23/25 1,700,000 1,762,919
Comcast Corp.    
4.60%, due 10/15/38 750,000 828,755
Discovery Communications LLC    
3.625%, due 5/15/30 800,000 777,039
Fox Corp.    
5.576%, due 1/25/49 1,250,000 1,452,953
Thomson Reuters Corp.    
3.85%, due 9/29/24 1,575,000 1,598,228
    7,544,729
Mining 1.0% 
Anglo American Capital plc (a)    
2.25%, due 3/17/28 2,900,000 2,648,487
5.625%, due 4/1/30 1,875,000 2,066,610
Newmont Corp.    
2.25%, due 10/1/30 3,950,000 3,610,025
    8,325,122
Miscellaneous—Manufacturing 0.4% 
GE Capital International Funding Co. Unlimited Co.    
4.418%, due 11/15/35 3,327,000 3,572,494

  Principal
Amount
Value
Corporate Bonds
Oil & Gas 0.1% 
Valero Energy Corp.    
2.85%, due 4/15/25 $      979,000 $     967,285
Oil & Gas Services 0.6% 
Schlumberger Holdings Corp.    
3.75%, due 5/1/24 (a)   4,725,000   4,811,640
Packaging & Containers 0.2% 
WRKCo, Inc.    
3.75%, due 3/15/25   1,825,000   1,843,789
Pharmaceuticals 0.7% 
Bayer US Finance II LLC    
4.375%, due 12/15/28 (a) 2,825,000 2,888,292
CVS Health Corp.    
4.25%, due 4/1/50 2,325,000 2,412,077
    5,300,369
Pipelines 1.2% 
Enterprise Products Operating LLC    
5.10%, due 2/15/45 2,600,000 2,834,823
Kinder Morgan Energy Partners LP    
6.375%, due 3/1/41 1,700,000