0001145549-23-070810.txt : 20231127 0001145549-23-070810.hdr.sgml : 20231127 20231127093950 ACCESSION NUMBER: 0001145549-23-070810 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231127 DATE AS OF CHANGE: 20231127 PERIOD START: 20231231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Milliman Variable Insurance Trust CENTRAL INDEX KEY: 0001844255 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23710 FILM NUMBER: 231437775 BUSINESS ADDRESS: STREET 1: 71 S. WACKER DRIVE STREET 2: 31ST FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: (312) 726-0677 MAIL ADDRESS: STREET 1: 71 S. WACKER DRIVE STREET 2: 31ST FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 0001844255 S000079247 Milliman 6-Year Buffered S&P 500 with Par Up Outcome Fund - Apr (II) C000240214 Class 3 NPORT-P 1 primary_doc.xml NPORT-P false 0001844255 XXXXXXXX S000079247 C000240214 Milliman Variable Insurance Trust 811-23710 0001844255 5493002H8STET494T224 71 S. Wacker Drive 31st Floor Chicago 60606 312-726-0677 Milliman 6-Year Buffered S&P 500 with Par Up Outcome Fund - Apr (II) S000079247 54930087UOGLRZUEMQ39 2023-12-31 2023-09-30 N 1110590.640000000000 72507.390000000000 1038083.250000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 30257.790000000000 N S&P 500 Index SPX iShares iBonds Dec 2029 Term C 549300O4632FCSLM7T54 iShares iBonds Dec 2029 Term Corporate ETF 46436E205 6812.000000000000 NS USD 149182.800000000000 14.3709861420 Long EC RF US N 1 N N N Invesco Bulletshares 2031 Corp 54930074YWSAGYW65L96 Invesco Bulletshares 2031 Corporate Bond ETF 46138J429 7759.000000000000 NS USD 118324.750000000000 11.3983873644 Long EC RF US N 1 N N N iShares iBonds Dec 2031 Term C 549300LR0SMCL4YVFM54 iShares iBonds Dec 2031 Term Corporate ETF 46436E486 6127.000000000000 NS USD 118771.900000000000 11.4414619444 Long EC RF US N 1 N N N XSP 04/10/2029 410.91 C N/A XSP 04/10/2029 410.91 C N/A 28.000000000000 NC USD 350565.190000000000 33.7704312250 N/A DE US N 2 Chicago Board Options Exchange N/A Call Purchased S&P 500 Mini Index XSP 100.000000000000 410.910000000000 USD 2029-04-10 XXXX 47948.210000000000 N N N US TREASURY N/B 254900HROIFWPRGM1V77 United States Treasury Note/Bond 91282CEM9 198900.000000000000 PA USD 181682.720000000000 17.5017485351 Long DBT UST US N 2 2029-04-30 Fixed 2.875000000000 N N N N N N Invesco BulletShares 2029 Corp 549300QI81EWC6H7QY92 Invesco BulletShares 2029 Corporate Bond ETF 46138J577 8501.000000000000 NS USD 148980.030000000000 14.3514530265 Long EC RF US N 1 N N N XSP 04/10/2029 328.73 P N/A XSP 04/10/2029 328.73 P N/A -24.000000000000 NC USD -54294.910000000000 -5.2303040243 N/A DE US N 2 Chicago Board Options Exchange N/A Put Written S&P 500 Mini Index XSP 100.000000000000 328.730000000000 USD 2029-04-10 XXXX 19943.110000000000 N N N 2023-11-27 Milliman Variable Insurance Trust /s/ Arthur W. Jasion Milliman Variable Insurance Trust Treasurer XXXX NPORT-EX 2 buff6yr-aprii.htm
Milliman
6-Year
Buffered
S&P
500
with
Par
Up
Outcome
Fund
-
Apr
(II)
Schedule
of
Investments
September
30,
2023
(Unaudited)
1
Shares
Value
EXCHANGE
TRADED
FUNDS
-
51.56%
Invesco
BulletShares
2029
Corporate
Bond
ETF
(a)
.........................................................
8,501
$
148,980
Invesco
Bulletshares
2031
Corporate
Bond
ETF
(a)
.........................................................
7,759
118,325
iShares
iBonds
Dec
2029
Term
Corporate
ETF
(a)
...........................................................
6,812
149,182
iShares
iBonds
Dec
2031
Term
Corporate
ETF
(a)
...........................................................
6,127
118,772
TOTAL
EXCHANGE
TRADED
FUNDS
(Cost
$
564,797
)
........................................................
535,259
Principal
Amount
U.S.
TREASURY
NOTE
-
17.50%
United
States
Treasury
Note
,
2
.875
%
,
4/30/2029
(a)
......................................................
$
198,900
181,683
TOTAL
U.S.
TREASURY
NOTE
(Cost
$
192,399
)
.................................................................
181,683
Contracts
Notional
Amount
PURCHASED
OPTIONS
-
33.77%
(b)(c)
CALL
OPTIONS
-
33.77%
S&P
500
Mini
Index
,
Expires
4/10/2029
,
Strike
Price
$
410.91
.........................................
28
$
1,200,668
350,565
TOTAL
PURCHASED
OPTIONS
(Cost
$
302,617
)
................................................................
350,565
Total
Investments
(Cost
$
1,059,813
)
-
102
.83
%
...........................................................
1,067,507
Liabilities
in
E
xcess
of
Other
Assets
-
(
2
.83
)
%
...............................................................
(
29,425
)
TOTAL
NET
ASSETS
-  
100
.00
%
....................................................................................
$
1,038,082
Percentages
are
stated
as
a
percent
of
net
assets.
(a)
All
or
a
portion
of
each
of
these
securities
is
segregated
as
collateral
for
written
options.  The
aggregate
value
of
the
securities
segregated
as
collateral
for
written
options
is
$716,942.
(b)
Exchange-Traded.
(c)
Purchased
option
contracts
are
held
in
connection
with
corresponding
written
option
contracts.
SCHEDULE
OF
OPTIONS
WRITTEN
September
30,
2023
(Unaudited)
  Description
(a)
Expiration
Strike
Price
Contracts
Notional
Amount
Value
Put
Options
S&P
500
Mini
Index
.....................................
4/10/2029
$
328.73
24
$
(1,029,144)
$
(54,295)
TOTAL
OPTIONS
WRITTEN
(Premiums
Received
$74,238)
$
(54,295)
Milliman
6-Year
Buffered
S&P
500
with
Par
Up
Outcome
Fund
-
Apr
(II)
Schedule
of
Investments
(Concluded)
September
30,
2023
(Unaudited)
2
Fair
Valuation
Measurement:
The
Financial
Accounting
Standards
Board
established
a
framework
for
measuring
fair
value
in
accordance
with
U.S.
generally
accepted
accounting
principles.
Under
ASC
Topic
820,
Fair
Value
Measurement
(“ASC
820”),
various
inputs
are
used
in
determining
the
value
of
the
Fund’s
investments.
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
securities.
The
three
Levels
of
inputs
of
the
fair
value
hierarchy
are
defined
as
follows:
The
availability
of
observable
inputs
can
vary
from
security
to
security
and
is
affected
by
a
wide
variety
of
factors,
including,
for
example,
the
type
of
security,
whether
the
security
is
new
and
not
yet
established
in
the
marketplace,
the
liquidity
of
markets,
and
other
characteristics
particular
to
the
security.
To
the
extent
that
valuation
is
based
on
models
or
inputs
that
are
less
observable
or
unobservable
in
the
market,
the
determination
of
fair
value
requires
more
judgement.
Accordingly,
the
degree
of
judgement
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
level
in
the
fair
value
hierarchy
within
which
the
fair
value
measurement
falls
in
its
entirety,
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
The
following
table
summarizes
valuation
of
the
Fund’s
investments
under
the
fair
value
hierarchy
levels
as
of
September
30,
2023
:
Level
1
-
Unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
that
the
Fund
has
the
ability
to
access.
Level
2
-
Observable
inputs
other
than
quoted
prices
included
in
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly.
These
inputs
may
include
quoted
prices
for
the
identical
instrument
on
an
inactive
market,
prices
for
similar
instruments,
interest
rates,
prepayment
speeds,
credit
risk,
yield
curves,
default
rates
and
similar
data.
Level
3
-
Unobservable
inputs
for
the
asset
or
liability,
to
the
extent
relevant
observable
inputs
are
not
available,
representing
the
Fund’s
own
assumptions
about
the
assumptions
a
market
participant
would
use
in
valuing
the
asset
or
liability,
and
would
be
based
on
the
best
information
available.
Level
1
Level
2
Level
3
Total
Assets
Exchange
Traded
Funds
$
535,259
$
–
$
–
$
535,259
U.S.
Treasury
Note
–
181,683
–
181,683
Purchased
Options
–
350,565
–
350,565
Total
Assets
$
535,259
$
532,248
$
–
$
1,067,507
Liabilities
Options
Written
$
–
$
54,295
$
–
$
54,295
Total
Liabilities
$
–
$
54,295
$
–
$
54,295